openPR Logo
Press release

Biometrics Middleware Market Expansion Projected to Gain an Uptick During 2018 to 2027 | Market Players are Crossmatch Technologies Inc., Precise Biometrics Ab, Daon Inc., etc

05-10-2019 10:43 AM CET | IT, New Media & Software

Press release from: Fact.MR

Biometrics Middleware Market Expansion Projected to Gain

The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global biometrics middleware market during the period until 2027. This assessment delivers high-end statistics concerning market size, Y-o-Y growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the biometrics middleware market during the forecast period.

Request for Sample Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=1882

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.

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.

For Additional Insights Click to Access Complete Report - https://www.factmr.com/report/1882/biometric-middleware-market

Reliance on biometric technologies has increased among enterprises in various industrial domains, which in turn has underpinned demand for multimodal biometric system. Multimodal biometric systems have now become ubiquitous, despite comparatively greater requirement for resources and time than monomodal systems. Additional modalities of the multimodal biometric systems enhance the de-duplication process, which in turn delivers greater accuracy. In light of the rising incorporation of multimodal biometric systems, the marketplace is booming with biometrics middleware vendors that deliver convenient multimodal middleware architectures unconstrained to single-core technology deployment.

Growing Demand from Governments Creating New Opportunities

Biometrics middleware developers continue to tap opportunities created by adoption of biometrics in the government sector. Increasing emphasis on security alludes rapid adoption of biometric systems at airports, along with growing reliance of institutions such as Transportation Security Administration, and Customs and Border Protection Agency, on the biometrics for revving up their security. Biometrics middleware will also witness high demand as adoption of biometrics gains ground in military and law enforcement sectors.

Integration of AI in Biometrics to Pave New Avenues

Artificial intelligence, machine learning and deep learning are likened to hand-in-glove in the area of biometrics. AI-driven biometrics has been primarily employed for fraud prevention in the financial services sector. Massive data breaches and requirement for enabling risk-based payment app authentication has extended the application of AI in biometrics to identity proofing for providing a new dimension to the online applications’ validity. Advances in AI are envisaged to drive more capabilities of biometrics, and with constant adoption, further refinement in approach of AI implementation in biometrics are expected to be realized. Concerns about privacy that include possible ways of using AI-driven biometrics by various law-enforcement agencies for violating civil liberties have been impeding penetration of the technology. Key companies such as Camvi have been taking efforts to bring biometrics integrated with AI into spotlight, by emphasizing on AI-powered solutions for the next-generation biometric systems. Leveraging artificial intelligence, next-generation systems are expected to demonstrate the level of autonomy and form of adaptiveness.

For Any Query or Concern, Access this Link - https://www.factmr.com/connectus/sample?flag=AE&rep_id=1882

About FactMr

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us

FactMR
11140 Rockville Pike
Suite 400, Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Biometrics Middleware Market Expansion Projected to Gain an Uptick During 2018 to 2027 | Market Players are Crossmatch Technologies Inc., Precise Biometrics Ab, Daon Inc., etc here

News-ID: 1734483 • Views: 392

More Releases from Fact.MR

03-20-2020 | Health & Medicine
Fact.MR
Medical Marker Bands Market Grows on the back of Their Radiopacity and Cost-effe …
Radiopacity of medical marker bands is giving significant impetus to their demand in the medical marker bands market. The properties of medical marker bands that increases their visibility under fluoroscopes or x-ray during critical procedures is giving an uptick to their sales worldwide. Manufacturers of medical marker bands are also showing a marked preference for cost-effective materials such as polymer and tantalum instead of traditional gold, platinum and palladium. On
Plastic Tray Market Showcases Future Status of Prime Manufacturers Across Major …
The new report on the global plastic tray market gives estimations of the size of the international market and the overall size and share of key regional segments during the historical assessment period of 2013 - 2017. The overall outlook for the Plastic Tray Market is likely to remain sluggish, with the plastic tray market expected to reach CAGR of 3.6% in terms of revenue during 2018-2027. The business knowledge
MRI-guided Radiation Therapy Systems Market Leading Manufacturers Expected to Mo …
With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global MRI-guided radiation therapy systems market as well as the factors responsible for such a growth. Our highly dedicated professionals have provided critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research. Access Research Methodology Prepared By Experts - https://www.factmr.com/connectus/sample?flag=RM&rep_id=2572 We leverage space-age industrial and digitalization tools
Marine Seats Market Growing Demand to Impact Revenue Share during 2018 2028
The new report on the marine seats market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2013 - 2017. According to the report, the marine seats market is projected to grow at 4.6% CAGR through 2028. The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of

All 5 Releases


More Releases for Biometric

Global Biometric Palm Scanner Market
Biometric Palm Scanner Market Reports Monitor has added a new report titled, ‘Global Biometric Palm Scanner Market  - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecasts, 2019 - 2025 to its vast repository of research reports. This report provides a detailed analysis of the product types used for medical implants and regeneration. For more insightful information request a sample copy @ https://www.reportsmonitor.com/request_sample/272314 This report studies the global market size of Biometric Palm
Global Biometric Sensor Market Size
According to a new report Global Biometric Sensor Market (2016-2022), published by KBV Research, the global Biometric Sensor Market is expected to attain a market size of $1.5 billion by 2022, growing at a CAGR of 9.1% during the forecast period. North America is a dominant region due to growing adoption of cloud services in several industries in the region. Nevertheless, Asia-Pacific would be the fastest growing region during the forecast
Global Automotive Biometric Access System market Share
The global Automotive Biometric Access System market is expected to attain a market value of USD 1,236.8 million by 2022, growing at a CAGR of 16.5% during the forecast period (2016-2022). The biometric automotive vehicle access system market is segmented into fingerprint recognition, voice recognition, Irish recognition and others. The others market includes gesture recognition, face recognition, and palm recognition, etc. Fingerprint recognition type is the most common type of
A Company Needs Biometric Security
Security threats are on the rise and it has become a major challenge for decision making officials to come up with new and more comprehensive security systems in order to keep the offenders at bay. Billions of dollars are lost every year due to various security breaches in companies, banks, hotels etc. Some organizations have implemented simple door locks with passwords in order to provide more convenience and ease of access
Global Biometric ATM Sales Market Report 2017
MarketResearchReports.Biz presents this most up-to-date research on "Global Biometric ATM Sales Market Report 2017" Description In this report, the global Biometric ATM market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and
Global Next Generation Biometric Market
The global next generation biometric market is expected to grow at a substantial growth rate due to the rising number of terrorists activities also the increasing theft activities on the part of crucial data and information which have raised concerns regarding the national security. Biometrics technology is basically the identification and verification of humans by their characteristics such as face, fingerprint, voice, iris, palm, signature, vein, and DNA. A sample of