Press release
In-Depth Analysis of the Biometrics-As-A-Service Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Biometrics As A Service Market
The anticipated growth of the biometrics as a service market is largely driven by the rising utilization of biometrics. Biometrics is used to recognize individual's identity or validate claimed identities through measurement and statistical analysis. Factors such as heightened security requirements, user convenience, and identity verification in sectors like banking, healthcare, and government services are contributing to the growth of biometric adoption. Biometrics as a service allows user identity verification for accessing secure physical or digital locations, protecting transactions, and managing workforce-related tasks. As per the Information Commissioner's Office, a UK government office, in February 2024, the demand for biometric recognition is forecasted to surge noticeably in the future. Additionally, global market revenues are projected to nearly double, jumping from $43 billion in 2022 to $83 billion by 2027. Hence, the rising use of biometrics is fueling the expansion of the biometrics as a service market.
Get Your Biometrics-As-A-Service Market Report Here:
https://www.thebusinessresearchcompany.com/report/biometrics-as-a-service-global-market-report
What Is the projected market size and growth rate for the biometrics-as-a-service market?
The market size of biometrics-as-a-service has seen exponential growth in the recent past. The market, which is estimated to be worth $3.75 billion in 2024, is projected to increase to $4.72 billion in 2025, with a compound annual growth rate (CAGR) of 25.8%. The notable growth during the previous years can be credited to factors such as the surge in digital transformation, the increasing reliance on cloud services, the prevalence of remote work and access, and enhanced precision and reliability.
Over the coming years, the biometrics-as-a-service market is predicted to experience significant expansion. It is anticipated to reach a valuation of $13.47 billion by 2029, expanding at a compound annual growth rate (CAGR) of 30.0%. The expected growth during the forecast period can be credited to the rising security needs, expanding incorporation of mobile and IoT, growth in healthcare and telemedicine, and infrastructure development. Key trends that are forecasted for this period include increased use of mobile biometrics, cloud-based BAAS solutions, improved security for online transactions, and technological advancements.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12977&type=smp
What are the emerging trends shaping the future of the biometrics-as-a-service market?
Leading businesses in the biometrics-as-a-service market are embracing newer technologies like multimodal biometric authentication to deliver trustworthy services and solidify their standing in the market. This form of authentication utilizes at least two distinct biometric identifiers for enhanced security. Take for instance NEC Corporation, a reputed Japanese IT and electronics company, which in November 2022 introduced Bio-IDiom, a state-of-the-art multimodal biometric authentication solution. This solution, characterized by its unique fusion of facial and iris recognition, offers high-speed, pinpoint authentication with a false acceptance rate of less than one in 10 billion. By facilitating shared IDs, it accelerates smooth interactions between multiple services, aiding in the creation of groundbreaking client experiences and services. Furthermore, it captures precise details by autonomously adjusting the camera positions based on the user's height.
What major market segments define the scope and growth of the biometrics-as-a-service market?
The biometrics-as-a-service market covered in this report is segmented -
1) By Scanner Type: Fingerprint Recognition, Iris Recognition, Palm Recognition, Facial Recognition, Voice Recognition, Other Scanner Types
2) By Modality: Unimodal, Multimodal
3) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
4) By Application: Site Access Control, Time Recording, Mobile Application, Web And Workplace
5) By End-User: Government, Retail, IT (Information Technology) And Telecom, Banking, Financial Services And Insurance (BFSI), Healthcare, Other End-Users
Subsegments:
1) By Fingerprint Recognition: Optical Fingerprint Scanners, Capacitive Fingerprint Scanners, Ultrasonic Fingerprint Scanners
2) By Iris Recognition: Camera-based Iris Scanners, Smartphone Iris Recognition Systems
3) By Palm Recognition: Palm Print Scanners, Palm Vein Recognition Systems
4) By Facial Recognition: 2D Facial Recognition Systems, 3D Facial Recognition Systems
5) By Voice Recognition: Speaker Verification Systems, Voiceprint Recognition Systems
6) By Other Scanner Types: Behavioral Biometrics, Multimodal Biometric Systems
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12977
Which region dominates the biometrics-as-a-service market?
North America was the largest region in the biometrics-as-a-service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in biometrics-as-a-service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the biometrics-as-a-service industry growth?
Major companies operating in the biometrics-as-a-service market are accenture* PLC, Fujitsu Ltd., NEC Corporation, Thales Group, Leidos Holdings Inc., IDEMIA SA, Nuance Communications Inc., HID Global Corporation, Bytes Technology Group PLC, VoiceIt Technologies LLC, Imprivata Inc., Uniphore Software Systems Private Limited., Suprema Inc., BioEngagable Technologies Pvt Ltd., Aware Inc., Cognitec Systems GmbH, Integrated Biometrics LLC, IRITECH Inc., CERTIFY Global Inc., M2SYS Technology Inc., SecuGen Corporation, Athena Sciences Corporation, ImageWare Systems Inc., Mogimo Inc., Accu -Time Systems Inc., Clearview AI Inc., Biometrics Research Group Inc., Union Community Co Ltd., Skybiometry, Speech Technology Center Limited.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=12977&type=smp
What Is Covered In The Biometrics-As-A-Service Global Market Report?
• Market Size Forecast: Examine the biometrics-as-a-service market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the biometrics-as-a-service market for a structured understanding.
• Key Players Overview: Analyze major players in the biometrics-as-a-service market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the biometrics-as-a-service market.
• Segment Contributions: Evaluate how different segments drive overall growth in the biometrics-as-a-service market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the biometrics-as-a-service market.
• Industry Challenges: Identify potential risks and obstacles affecting the biometrics-as-a-service market.
• Competitive Landscape: Review strategic developments in the biometrics-as-a-service market, including expansions, agreements, and new product launches.
Learn More About The Business Research Company
The Business Research Company provides in-depth research and insights through a vast collection of 15,000+ reports spanning 27 industries and over 60 geographies. Backed by 1,500,000 datasets, extensive secondary research, and expert insights from industry leaders, we equip you with the knowledge needed to stay ahead in the market.
Our flagship offering, the Global Market Model, is a leading market intelligence platform that delivers comprehensive and up-to-date forecasts to support strategic decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 In-Depth Analysis of the Biometrics-As-A-Service Market: Growth Opportunities, Key Trends, and Forecast 2025-2034 here
News-ID: 3908258 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Recognition
Digital Door Lock System Market by Region - North America, Latin America, Europe …
According to recently published report by Fact.MR, the global digital door lock system market is projected to grow at a CAGR of 30.8% in terms of value during the period 2017-2026. In terms of volume, the market is anticipated to record sales of nearly 80,000 thousand units by 2026-end.
There has been a significant increase in the number of manufacturing sites along with growing pace of industrialization across the globe in…
Digital Door Lock System Market by Region - North America, Latin America, Europe …
According to recently published report by Fact.MR, the global digital door lock system market is projected to grow at a CAGR of 30.8% in terms of value during the period 2017-2026. In terms of volume, the market is anticipated to record sales of nearly 80,000 thousand units by 2026-end.
There has been a significant increase in the number of manufacturing sites along with growing pace of industrialization across the globe in…
Digital Door Lock System Market by Region - North America, Latin America, Europe …
Digital door locks are locks that are installed on doors of various structures and can be operated with the convenience of applications on the user’s smartphone. These keyless locks operate on technologies such as Bluetooth and Wi-Fi.
Penetration of Smartphones & Mobile Broadband to Augment the Market Expansion
Smart devices are considered to be one of the major evolutionary innovations for commercial and residential spaces on the back of their sustainable, secure…
Digital Door Lock Systems Market Report 2018: Segmentation by Type (Biometrics ( …
Global Digital Door Lock Systems market research report provides company profile for Cisco Systems, Inc., Onity Inc., ADT Inc., Assa Abloy Group, Vivint, Inc., Allegion PLC, Godrej & Boyce Manufacturing Co. Ltd., Honeywell International Inc., Panasonic Corporation, Johnson Controls and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of…
Universal $12 Bn Healthcare Biometrics Market | By Technology | Face Recognition …
A Research Study Titled, “Healthcare Biometrics Market by Technology, Application, and End User - Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the healthcare biometrics market is projected to be around $12 billion by 2025.
Healthcare Biometrics - Competitive Analysis:
Technological collaborations and mergers will drive the market during the forecast period. For instance, in September 2015, Qualcomm Inc. announced the collaboration between Qualcomm Life, Inc.…
Digital Door Lock System Market Report by Region - North America, Latin America, …
The global market discussion on digital door lock systems industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Digital Door Lock System Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2026”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from…
