Press release
Biometrics-As-A-Service (Baas) Market 2024 Size, Global Report till 2031 | Aware Inc., BioEnable Technologies Pvt. Ltd, BioID Technology.
Biometrics-as-a-Service (BaaS) Market || 2024-2031
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The Biometrics-As-A-Service (Baas) market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Biometrics-as-a-Service (BaaS) is a cloud-based solution that provides biometric identification and authentication capabilities to businesses and organizations. It allows for the use of biometric data, such as fingerprints, facial recognition, iris scans, or voice patterns, to verify identities without the need for in-house infrastructure. BaaS offers scalability, security, and ease of integration into existing systems, making it an efficient and cost-effective option for identity management, access control, and security applications across various industries.
Key Developments:
✫ In April 2020, Fujitsu Frontech North America Inc., a subsidiary of Fujitsu Global, acquired Fulcrum Biometrics, LLC, a Texas-based provider of biometric hardware, software, and solutions. This acquisition underscores Fujitsu's commitment to expanding its biometrics business in North America and strengthening its position in global identity management markets, driven by new state and federal regulations.
✫ In January 2020, Thales, a French multinational specializing in electrical systems, enhanced its Biometric Matching System by integrating Field-Programmable Gate Array (FPGA) technology for advanced parallel data processing. This innovation allows Thales to reduce the number of servers by half, significantly lowering the overall carbon footprint with the help of Gemalto's off-the-shelf FPGA solution.
Forecast Growth Projected:
The Global Biometrics-As-A-Service (Baas) Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Biometrics-As-A-Service (Baas) Market:
Aware Inc., BioEnable Technologies Pvt. Ltd, BioID Technology, Fujitsu Limited, Nuance Communications Inc., Precise Biometrics AB, SIC Biometrics, Inc., NEC Corp. and ImageWare Systems Inc.
Segment Covered in the Biometrics-As-A-Service (Baas) Market:
By Modality: Unimodal, Multimodal.
By Technology: Fingerprint Recognition, Voice Recognition, Signature Recognition, Iris Recognition, Palm/Hand Recognition, Face Recognition, Behavior Recognition, Others.
By Enterprise Size: Small & Medium Sized Enterprises, Large Enterprises.
By Deployment Mode: On-Premise, Cloud-based.
By End-User: Retail, Healthcare and Life Sciences, BFSI, Telecom and IT, Defense, Government, Others.
Regional Analysis:
The global Biometrics-As-A-Service (Baas) Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Biometrics-As-A-Service (Baas) Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Biometrics-As-A-Service (Baas) Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Biometrics-As-A-Service (Baas) manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Biometrics-As-A-Service (Baas) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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FAQs
How big is the Biometrics-As-A-Service (Baas) Market?
The Biometrics-As-A-Service (Baas) Market size was USD 1.5 billion in 2023. It is expected to reach USD 4.3 billion by 2031.
How fast is the Biometrics-As-A-Service (Baas) Market growing?
The Biometrics-As-A-Service (Baas) Market will exhibit a CAGR of 19.4% during the forecast period, 2024-2031.
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