Biometrics-As-A-Service (BaaS) In Healthcare Market Was Valued At Approximately USD 1.2 Billion In 2022 And Was Expected To Grow At A CAGR Of Around 20%

The Biometrics-as-a-Service (BaaS) in Healthcare market was valued at approximately USD 1.2 billion in 2022 and was expected to grow at a CAGR of around 20%.

The market for biometrics-as-a-service (BaaS) in healthcare is expanding quickly as a result of the rising need for streamlined and secure authentication solutions in the sector. Organisations can deploy biometric authentication using BaaS, a cloud-based biometric service, without spending money on costly hardware and software infrastructure. The use of BaaS systems is being driven by the rise of digitization in the healthcare sector. Electronic health records (EHRs) and telehealth services are becoming more and more popular, which has increased the demand for safe and dependable authentication solutions.

BaaS improves patient experience by eliminating the need for physical identification documents and offers a convenient and secure method of confirming the identities of patients and healthcare personnel. The combination of biometric authentication with other technologies, such as artificial intelligence (AI) and machine learning (ML), is another significant market development. In addition to lowering the risk of fraud and identity theft, BaaS providers are utilising these technologies to improve the accuracy and dependability of biometric authentication solutions.

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Company Profiles:

• BioID AG
• Fujitsu Limited
• Gemalto NV
• HID Global Corporation
• IBM Corporation
• Iritech Inc.
• Leidos Inc.
• M2SYS Technology
• NEC Corporation
• Qualcomm Technologies, Inc.
• SmilePass Ltd
• Suprema Inc.
• Uniphore Software Systems
• VoiceTrust GmbH
• ZKTeco Inc.

Segmentation:
By Solution Type
• Fingerprint Recognition
• Facial Recognition
• Iris Recognition
• Voice Recognition
• Behavioral Biometrics

By Deployment Model
• Cloud-Based
• On-Premises

Geographical Analysis:

The Biometrics-as-a-Service (BaaS) in Healthcare Market can be segmented into different regions, each with its own characteristics and opportunities. Here are some regional insights with market-related examples:

• North America: The North American region dominates the Biometrics-as-a-Service (BaaS) in Healthcare Market due to the increasing adoption of advanced technologies, such as biometrics, in the healthcare sector. For example, in 2019, the US Department of Veterans Affairs implemented a biometric identification system to enhance the security and privacy of patients' health information.
• Europe: The European Biometrics-as-a-Service (BaaS) in Healthcare Market is expected to grow due to the increasing demand for advanced healthcare technologies and the growing need for secure patient identification and data privacy. For example, in 2018, the European Commission funded the development of a biometric identification system to be used in hospitals and clinics for patient identification and record-keeping.

• Asia Pacific: The Asia Pacific Biometrics-as-a-Service (BaaS) in Healthcare Market is expected to grow due to the increasing adoption of digital health technologies and the growing demand for secure and efficient healthcare services. For example, in 2019, India's National Health Stack was announced, which includes the use of biometric identification for patient registration and verification in healthcare facilities.

• Latin America: The Latin American Biometrics-as-a-Service (BaaS) in Healthcare Market is expected to grow due to the increasing investment in healthcare infrastructure and the adoption of advanced technologies in the region. For example, in 2020, the Brazilian government launched a national program to digitize healthcare services, including the use of biometric identification for patient registration and record-keeping.

• Middle East & Africa: The Middle East & Africa Biometrics-as-a-Service (BaaS) in Healthcare Market is expected to grow due to the increasing investment in healthcare infrastructure and the adoption of digital health technologies in the region. For example, in 2020, the Dubai Health Authority launched a biometric identification system to enhance the patient experience and improve the accuracy and efficiency of patient identification and record-keeping in healthcare facilities.

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The industry is also recognising opportunities in the use of biometrics for clinical studies and remote patient monitoring. Healthcare practitioners can monitor patients' health status and medication adherence without having to see them in person by using BaaS systems to remotely authenticate patients. BaaS can also be used in clinical trials to confirm research participants' identities, maintaining the accuracy of the trial data. Overall, it is anticipated that the market for biometrics-as-a-service (BaaS) in healthcare will continue to expand in the years to come. This growth will be fueled by the rising adoption of digital healthcare technologies, the demand for secure and dependable authentication solutions, and the integration of biometrics with AI and ML technologies.

The impact of current developments, governmental initiatives, and legal frameworks on the market for biometrics-as-a-service (BaaS) is also in-depthly examined in the paper. The Biometrics-as-a-Service (BaaS) market size and forecast are provided in terms of sales and value. It offers an estimate of the market's size, prospective market share, and growth rate. Key stakeholders can use the research as a great resource to grasp the most recent industry trends, opportunities, and potential future orientations for biometrics-as-a-service (BaaS).

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Reasons to Procure this Report:

1. The research would help top administration/policymakers/professional's/product advancements/sales managers and stakeholders in this market in the following ways.
2. The report provides Global Biometrics-as-a-Service (BaaS) market revenues at the worldwide, regional, and country levels with a complete analysis to 2028 permitting companies to analyse their market share and analyse projections, and find new markets to aim for.
3. The research includes the Global Biometrics-as-a-Service (BaaS) market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.
4. Global Biometrics-as-a-Service (BaaS) market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

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