The new report by Expert Market Research titled, ‘Global Biometric-as-a-Service Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global biometric-as-a-service market, assessing the market based on its segments like scanner type, application, end-use and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): 2.38 Billion
- Forecast CAGR (2023-2028): 20%
The rising demand for fingerprint identification in smartphones and other smart devices has boosted the expansion of the biometric-as-a-service industry. One of the key drivers of this market is the increasing demand for biometric sensor-based tablets, smartwatches, wearable gadgets, and other consumer electronic goods. The ease of use and comprehensiveness of biometric sensors are two important drivers for the worldwide biometric-as-a-service industry.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/biometric-as-a-service-market/requestsample
Furthermore, the growing demand for fingerprint scanning biometric solutions for payments and banking is helping the biometric-as-a-service industry. The increased usage of cloud services will provide a significant potential for the biometric-as-a-service industry.
Industry Definition and Major Segments
Biometrics are remnants of a person’s biological identification that are commonly accessible through the thumbs and other body parts to capture an imprint. Identification, verification, safety, attendance, time, and other functions are all served by these biological ‘fingerprints.’
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/biometric-as-a-service-market
The market for biometric-as-a-service is divided on the basis of scanner type into fingerprint recognition, iris recognition, palm recognition, facial recognition, voice recognition and others. The division based on application is site access control, time recording, mobile application, web and workplace. Depending on its end-use, the biometric-as-a-service market may be split into government, retail, IT and telecom, BFSI, healthcare, and others.
Organisations in various industries, where security is still a top priority, are spending substantially on security systems, concentrating on access control systems. Some of the most prominent users of this technology include the defence, law enforcement, and government organisations.
Furthermore, the growing necessity to improve national security has fueled the global expansion of these systems. In many nations, iris recognition is utilised for various applications, including passport-free automated border crossings, augmenting the growth in the forecast period.
In the near future, the biometric-as-a-service solution may be used to connect fragmented identification information throughout the organisation and integrate various forms of biometrics as best suited to certain business objectives and risk levels, bolstering the overall demand in the market.
Key Market Players
The major players in the market are NEC, Aware, Fujitsu, Nuance, Leidos, Idemia, M2SYS, Smilepass, Certibio, HYPR Corp, BioID, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Frozen Fruits and Vegetables Market- https://www.marketwatch.com/press-release/frozen-fruits-and-vegetables-market-trends-size-share-price-growth-report-forecast-2023-2028-2023-02-20?mod=search_headline
Indian LED Lighting Market- https://www.marketwatch.com/press-release/indian-led-lighting-market-size-share-price-trends-growth-analysis-report-forecast-2023-2028-2023-02-20?mod=search_headline
Soybean Market- https://www.marketwatch.com/press-release/soybean-market-size-share-price-trends-growth-analysis-report-forecast-2023-2028-2023-02-20?mod=search_headline
Point of Sale Materials (PoSM) Market- https://www.marketwatch.com/press-release/point-of-sale-materials-posm-market-size-share-price-trends-growth-report-forecast-2023-2028-2023-02-20?mod=search_headline
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Company Name: Claight Corporation
Contact Person: Ana John, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA