The biometrics as a service market is valued at USD 3.2 billion in 2019 and is expected to reach USD 10.31 billion by 2025, with a CAGR of 22% over the forecast period from 2020 to 2025. Global biometrics demand is evolving at a significant rate of growth, driven by increased terrorist activity, increased theft of sensitive data, and information that has raised concerns about national security. Important factors such as growth of e-passport programs, government support, and widespread use for criminal identification are expected to primarily drive the growth of the market during the forecast period. The recent COVID-19 outbreak is becoming a new driving force for contactless biometric solutions.
A full report of Biometric as a Service Market is available at: https://www.orionmarketreports.com/biometric-as-a-service-market/30159/
Biometric as a Service Market Segmentation
By Solution Type
• Fingerprint Recognition
• Face Recognition
• Iris Recognition
• Voice Recognition
• Palm and Vein Recognition
• Others
By Trait
• Physiological
• Behavioral
• Services
By Modality Type
• Unimodal Biometrics
• Multimodal Biometrics
By Organization size
• Small and Medium-sized Enterprises
• Large Enterprises
By Verticals
• Government
• Healthcare
• BFSI
• IT and ITES
• Manufacturing
• Education
• SMEs
• Others
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Biometric as a Service Market Report
• What was the Biometric as a Service Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Biometric as a Service Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Biometric as a Service Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
