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Biometrics as a Service market to reach US$ 2972 million growing at CAGR 28.82% by 2022

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Get This Report with Special Discount | Biometrics as a Service Market report provides analysis of top players in all regions with industry size, growth, revenue, cost, sales, technology, market insights, demand, trend, key statistics and industry forecasts to 2022.

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The Global Biometrics-as-a-Service Market is expected to grow from US$ 838.0 Million in 2017 to US$ 2972.8 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 28.82%.

This report spread across 170 Pages, Profiling 12 Companies and Supported with 67 Tables and 37 Figures is now available in this market research.

Top Companies profiled in the Biometrics as a Service Market include are Fujitsu (Japan), BioID (Switzerland), HYPR (US), Aware, Inc. (US), M2SYS (US), OT-Morpho (France), Leidos (US), IriTech (US), SmilePass (UK), Accenture (Ireland), Fulcrum Biometrics (US), Certibio (Brazil).

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Multi-Modal Biometric authentication incorporates two or more modalities for authentication. Moreover, as they require multiple biometric credentials for positive identification, they are more secure as compared to unimodal solutions.

Due to these benefits, multimodal offerings are expected to be deployed widely across various industry verticals.

Financial Institutions face an increasing need for reliable authentication techniques to protect against the increasing attacks. Moreover, biometric authentication provides additional security owing to the fact that biometric identifiers are virtually impossible to replicate and cannot be shared.

Thus, the biometric-as-a-service offerings are gaining momentum for mobile banking, payments, and authentication applications, due to their exclusive ability to provide greater security in comparison to other traditional authentication methods.

The Biometrics-as-a-Service Market has been segmented on the basis of deployment models into public cloud, private cloud, and hybrid cloud. The biometrics-as-a-service offerings are being adopted for public cloud as they provide ease of access and faster deployment.

Moreover, public cloud is more preferred by the enterprises that have less regulatory hurdles and are willing to outsource their storage facilities either fully or partially.

“North America is estimated to have the largest market in 2017, whereas Asia Pacific (APAC) is projected to grow at the highest rate during the forecast period”

North America is estimated to capture the largest market share in 2017, and the trend is likely to continue during the forecast period. Large-scale funded programs and employee access monitoring in buildings are some of the factors driving the revenue growth in this region.

Moreover, the increasing concerns toward national security have significantly driven the US biometrics-as-a-service market. On the other hand, the biometrics-as-a-service market in APAC is expected to witness an exponential growth and is projected to be one of the fastest-growing regions in the global biometrics-as-a-service market.

Breakdown of primary participants’ profile:

  • By Company Type: Tier I:17%, Tier II: 50%, and Tier III:33%
  • By Designation: CLevel:33%, D Level:50%,and Others:17%
  • By Region: North America:33%, Europe:33%, APAC:17%, and RoW: 17%

Report Highlights:

The Main Objective of this report is to define, describe, and forecast the global biometrics-as-a-service market on the basis of modality type, application, deployment model, organization size, industry, and region. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market.

The report aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

It strategically profiles the key market players and comprehensively analyzes their core competencies.

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Target Audience for Biometrics as a Service Market :

  • Biometric technology manufacturers
  • Biometric technology hardware and software manufacturers
  • Biometric technology-enabled product manufacturers
  • Sensor manufacturers
  • Cloud computing companies
  • Software solution providers and component suppliers
  • Information Technology (IT) infrastructure equipment providers
  • Support infrastructure equipment providers
  • Component providers
  • Software providers
  • System integrators
  • Network service providers
  • Monitoring service providers
  • Professional service providers
  • Distributors and resellers
  • Enterprises
  • Government and standardization bodies
  • Telecom operators
  • Healthcare organizations
  • Financial organizations
  • Distributors and resellers
  • Cloud providers
  • Colocation providers
  • Enterprises
  • Government and standardization bodies
  • Telecom operators
  • Healthcare organizations
  • Financial organizations
  • Data center vendors

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