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Biometrics-as-a-Service Market Report by Component (Solutions, Services), Solution Type (Fingerprint Recognition, Face Recognition, Iris Recognition, Voice Recognition, Palm and Vein Recognition, and Others), Trait (Physiological, Behavioral), Modality (Unimodal, Multimodal), Rack Unit (Above 40 RU, 25-40 RU, Up to 25 RU), Deployment Model (Cloud-based, On-premise), Organization Size (SMEs, Large Enterprises), Application (Site Access Control, Time Recording, Mobile Application, Web and Workplace), End User (Government, Healthcare, BFSI, IT and ITES, Manufacturing, Education, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A2560
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Market Overview:
The global biometrics-as-a-service market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.7 Billion by 2032, exhibiting a growth rate (CAGR) of 16.3% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023 |
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Size in 2023 | US$ 1.9 Billion |
| Market Forecast in 2032 | US$ 7.7 Billion |
| Market Growth Rate (2024-2032) | 16.3% |
Biometrics-as-a-service (BaaS) refers to a cloud-based application that identifies and authenticates individuals using their biological and behavioral characteristics. It is based on biometrics technology that records the user’s presence through a highly accurate eye, voice and facial recognition. This enables advanced, enterprise-wide biometric identification, which aids in enhancing the security of the existing organizational infrastructure. In comparison to the traditionally used paper- and pin-based authentication systems, BaaS systems are highly scalable, cost- and time-effective and less prone to fraudulent activities. Modern BaaS solutions can be deployed for site and mobile access control, time recording and web and workspace management.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Biometrics-as-a-Service Market Trends:
The growing need for comprehensive authentication systems, along with the increasing adoption of cloud-based services by enterprises across the globe, is one of the key factors creating a positive outlook for the market. Both government and private organizations are adopting advanced BaaS solutions to counter security attacks and identity thefts. Furthermore, widespread adoption of these solutions in the banking, healthcare and retail sectors is providing a boost to the market growth. For instance, banking service providers are offering mobile-based applications for virtual transactions and digital wallets, which are highly sensitive and can only be accessed through advanced authentication systems, such as fingerprint scanning and facial or voice recognition. Additionally, various technological advancements, such as the integration of BaaS with smartphones, tablets and laptops, are acting as other growth-inducing factors. This aids in conducting business transactions through multi-device and location-independent environments. Other factors, including rapid urbanization, coupled with the implementation of favorable government initiatives to enhance national security, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global biometrics-as-a-service market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, solution type, trait, modality, rack unit, deployment model, organization size, application and end user.
Breakup by Component:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Solutions
- Services
Breakup by Solution Type:
- Fingerprint Recognition
- Face Recognition
- Iris Recognition
- Voice Recognition
- Palm and Vein Recognition
- Others
Breakup by Trait:
- Physiological
- Behavioral
Breakup by Modality:
- Unimodal
- Multimodal
Breakup by Rack Unit:
- Above 40 RU
- 25-40 RU
- Up to 25 RU
Breakup by Deployment Model:
- Cloud-based
- On-premise
Breakup by Organization Size:
- SMEs
- Large Enterprises
Breakup by Application:
- Site Access Control
- Time Recording
- Mobile Application
- Web and Workplace
Breakup by End User:
- Government
- Healthcare
- BFSI
- IT and ITES
- Manufacturing
- Education
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Accenture, Aware Inc., BioID, Fujitsu Limited (Furukawa Group), Imageware Systems Incorporated, IDEMIA France, Iritech Inc., M2SYS Inc., NEC Corporation and Thales Group.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Component, Solution Type, Trait, Modality, Rack Unit, Deployment Model, Organization Size, Application, End User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Accenture, Aware Inc., BioID, Fujitsu Limited (Furukawa Group), Imageware Systems Incorporated, IDEMIA France, Iritech Inc., M2SYS Inc., NEC Corporation and Thales Group |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global biometrics-as-a-service market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global biometrics-as-a-service market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the solution type?
- What is the breakup of the market based on the trait?
- What is the breakup of the market based on the modality?
- What is the breakup of the market based on the rack unit?
- What is the breakup of the market based on the deployment model?
- What is the breakup of the market based on the organization size?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global biometrics-as-a-service market and who are the key players?
- What is the degree of competition in the industry?
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