Biometrics as a Service Market Industry Trends, Estimation & Forecast, 2017 - 2025

Biometrics are biological identity traces of human beings often accessed via thumbs and other parts of the human body to register an impression. These biological ‘fingerprints’ serve a wide variety of purposes including identification, verification, security, attendance, timekeeping, etc. Government, as well as private entities around the world, are increasingly using biometrics for applications like access control. Various governments around the world are using it as a mandatory signature in national citizen registers and Ids.

Biometric as a service market is expected to grow significantly as biometrics are far more secure than traditional forms of entry codes like pin, passwords, locks, etc. Individuals are not required to remember biometrics and the information can be carried anywhere easily. Additionally, biometrics are unique identity prints for each individual. Biometrics also leverages computing, imaging, mathematical and statistical methods to map a detailed identity of an individual for high-risk security clearances.

Hence, biometrics as a service can be beneficial for military setups, nuclear reactors, data centers, R&D facilities and more. The secure nature of the service and growing demand for full-proof security, both online and offline is expected to drive the biometric as a service market. In the near future, biometrics as a market can connect servers around the world with the centralised database with a remote server.
These databases can connect valuable information systems with the network at the touch of fingertips.

Global Biometrics as a Service Market is expected to reach USD 2972.9 million by 2025, from USD 2306.4 million in 2017 growing at a CAGR of 28.9% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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The biometric as a service market is segmented based on type, application, deployment type, industry, and region. On the basis of type, the biometric as a service market can be categorized as physiological and behavioral, wherein physiological biometrics includes fingerprint, face recognition, palm vein, and retina and iris recognition.

Behavioral biometrics assesses uniquely identifying and measurable patterns of human traits, including characteristics such as voice, gait, and typing rhythms. Based on application, the biometric as a service market can be bifurcated into mobile banking, payments, and authentication, identity proofing and credentialing, law enforcement and border control, civil identity and elections, and workforce management. By deployment type, the biometric as a service market can be classified into cloud and on-premises. In terms of industry, the biometric as a service market is divided into government, banking and finance, consumer electronics, healthcare, defense services, commercial safety and security, home safety and security, transport/ visa/ logistics, and others.

Geographically, the global biometrics as a service market is divided into Europe, North America, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific led the market for biometric as a service followed by North America and is expected to maintain its position over the forecast period.

Key players in the biometric as a service market are Fujitsu, Idemia, Aware, Inc., Leidos, M2sys, IriTech, SmilePass, Certibio, HYPR, Accenture, and Fulcrum Biometrics among others. 

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