Biometrics Middleware Market to Showcase Vigorous Demand during the Period until 2027 with Market players- Biocatch Ltd., Daon Inc., Aware Inc., Precise Biometrics Ab, Aerendir Mobile Inc.

Fact.MR’s recently published report titled “Biometrics Middleware Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018-2027,” gives detailed insights and forecast on the biometrics middleware market. The report also offers an in-depth analysis on key dynamics, including growth determinants, impediments, opportunities, and trends, which have significant impact on prospects of the biometrics middleware market. Size of the biometrics middleware market has been evaluated in terms of value (US$ Mn). The report also offers information on the economic outlook across the globe and its indirect impact on growth of the biometrics middleware market. GDP outlook, and their influence on growth of the biometrics middleware market are among key areas assessed.

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Growing Traction of Biometrics-as-a-Service Model in BFSI Sector

Biometrics-as-a-service model has been a key focus area among biometric service providers to cater evolving requirements of end-users in BFSI sector. High upfront capital investment continues to challenge the adoption of biometrics in the BFSI sector. Biometric service providers are focusing on subscription-based and predictable model offerings to the BFSI industry, in order to increase their market penetration. Faster installation and execution of the BaaS model compared to traditional models has further, and maintenance and infrastructure costs covered by the providers is further expected to drive demand for biometrics-as-a-service in the BFSI sector. Although BaaS is gaining popularity as a feasible model, higher risk of cyberthreats are associated with it. Key vendors are putting efforts to improve their security apparatus, to mitigate challenges linked with the BaaS model. Demand for biometrics middleware will ride the coattails of rising adoption of BaaS model in the near future.

Convenient Security Solutions Gain Ground

The trend of digitalization has created a lucrative revenue stream for the biometrics middleware market, where data privacy, security, and access continues to be a key agenda among all digitally-driven businesses. These businesses are in constant search for convenient yet intelligent security solutions for avoiding fraudulent activities, market reputation and financial losses, as password security becomes more and more vulnerable to breaches. Various biometric technologies that range from signature to fingerprint verification continue to witness widespread acceptance across industries, in light of their cost-efficiency, reliability and accuracy. Biometrics middleware will witness high demand with growing reliance of enterprises on the biometric technologies for security.

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Impact of Real-Time Data Processing on End-to-End Biometric Services Landscape

The need for data processing has been increasing significantly, as data monitoring services become more vulnerable to data concentration risks, devoid of location where data is stored – on cloud or remote server. Biometrics middleware providers have been developing peer-to-peer self-monitoring middleware solutions, for enabling real-time data management and processing. Growing demand for end-to-end solutions has created the requirement for integration of different middleware and software services. Leading biometric devices manufacturers are collaborating with middleware providers for establishing an integrated supply chain to deliver end-to-end solutions.

Competition Landscape

Fact.MR’s report offers a comprehensive assessment of the biometrics middleware market’s competition landscape, and identified and profiles key biometrics middleware manufacturers. Presence of the biometrics middleware market players has been tracked and portrayed via an intensity map. A dashboard view of the biometrics middleware market players has also been offered in the report.

The report offers a detailed analysis on the company overview, product overview, recent development and key financial of the biometrics middleware market players. A SWOT analysis has also been offered on each biometrics middleware market player profiled in the report. Key biometrics middleware market players profiled in the report include Fischer International Identity, LLC, Crossmatch Technologies Inc., Precise Biometrics Ab, Daon Inc., Imageware Systems Inc., Centrify Corporation, and Identity Automation.

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