Biometrics as a Service Market By Deployment Model ( Public Cloud, Private Cloud, Hybrid Cloud ), By Organization Size (Large Enterprises, Small & Medium Enterprises), By End User, Industry Trends, Estimation & Forecast, 2017 - 2025
This report studies Biometrics as a Service in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2011 to 2015, and forecast to 2025.
Adoption of biometrics has grown exponentially over last few years. Biometrics have been proved to be a faster, more efficient, and securer method as compared to traditional identification practices like ID cards, access cards, PINs and passwords. Modern biometric systems have capability to get adjoined with the information systems and the network. They can share data with a remote server having centralized biometric database over the internet. This ability enables biometrics to be offered as a service over the internet. Moreoevr, increasing applications within finance industry would also help the market to grow further. For instance, AimBrain Solutions Ltd. has received $5.1 million funding for expansion of its Biometrics-as-a-service (BaaS) for financial services businesses.
Biometrics-as-a-Service Market Determinants
Rising usage of mobile devices and increasing demand for cost-effective BaaS solutions are prime factors driving the growth of global baas market. Further, need for enhanced security for organizations and evolutions of e-voting in government sector will also fuel the market growth. Security and privacy of biometric data and limited availability of cloud-based biometric solutions are major factors restraining the market growth. Growing demand of BaaS in ecommerce and emergence of mobile cloud-based biometrics is expected to offer lucrative opportunities to the market in upcoming years. According to Cisco Systems, Inc., by 2016, almost 56% of enterprises are expected to store mission-critical workloads and applications on the public cloud platform.
Cloud based deployment model is one of the fastest growing market segment and fueled by new service launch within market. For instance, on September 2017, Fujitsu launches scalable cloud-based biometrics as a service offering.
The market can be identified by a niche market with presence of very few vendors and low competition. The market is expected to experience many mergers and acquisitions in coming years due to healthy growth potential and new opportunities of the market. For instance, Gemalto N.V. acquired 3M Cogent Inc., a leader in finger, palm, face and iris biometric systems, to expand company’s Biometric Security Solutions, on December 2016.
Biometrics-as-a-Service (BaaS) Market Segmentation
By Deployment Model
• Public Cloud
• Private Cloud
• Hybrid Cloud
By Organization Size
• Large Enterprises
• Small & Medium Enterprises
By End User
• Telecom & IT
• Defense and Government
• North America
• Rest of the World
Table of Content
• Aware, Inc.
• Hypr Corp.
• Smilepass Ltd
What Information does this report contain?
• What was the market size of the Biometrics-as-a-Service Market in 2017 and the expected market size by 2025, along with the growth rate?
• An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
• Which are the largest revenue generating products, services or regions and their comparative growth rate?
• Which technology is in trend and how would it evolve during the forecast period (2017 – 2025)?
• Which are the leading companies in the Biometrics-as-a-Service Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?