Are you need IT Support Engineer? Free Consultant
Global Biometrics as a service Market Outlook 2032: Global Opportunity and Demand Analysis, Market Forecast To 2032
- Published :
Report ID: ICT0015
Pages: 178
Base Year: 2023
Format: PDF
Historical Date: 2019-2022
Market Research Report
Summary At A Glance
Description
Table of Contents
List Of Tables
List Of Figures
Research Methodology
Description
MARKET SCOPE:
The global Biometrics as a service market is projected to grow significantly, registering a CAGR of 23.1% during the forecast period (2024 – 2032).
Biometrics as a Service (BaaS) is a cloud-based service model that provides access to biometric authentication technologies and capabilities on a subscription or pay-per-use basis. In the BaaS model, organizations can leverage biometric solutions without the need for significant upfront investments in infrastructure, hardware, or specialized expertise. Instead, they can access biometric functionalities through a scalable and flexible cloud-based platform. BaaS operates in the cloud, allowing organizations to access biometric services over the internet. This eliminates the need for on-premises hardware and infrastructure.
MARKET OVERVIEW:
Driver: Increasing consumer demand for contactless biometrics is driving the market growth.
The COVID-19 pandemic has heightened awareness about the transmission of germs through physical contact. Contactless biometric solutions, such as facial recognition, iris scanning, and palm print recognition, eliminate the need for direct physical contact, addressing health and hygiene concerns. Traditional biometric methods that involve physical contact with fingerprint sensors or hand scanners may pose a risk of surface contamination. Contactless biometric modalities help mitigate this risk by eliminating the need for users to touch shared surfaces during authentication. In public spaces such as airports, transportation hubs, and commercial buildings, the adoption of contactless biometrics minimizes the risk of spreading infections among a large number of users. Shared devices, such as kiosks or access control systems, can be equipped with touchless biometric solutions.
Opportunities: Increasing need for secure authentication is anticipated for the market growth in the upcoming years.
Heightened cybersecurity threats, including identity theft, data breaches, and unauthorized access, have necessitated stronger authentication methods. BaaS offers biometric solutions that provide a higher level of security compared to traditional password-based systems, reducing the risk of unauthorized access and data breaches. Stringent regulatory requirements and compliance standards, such as GDPR, HIPAA, and PSD2, mandate organizations to implement robust security measures to protect sensitive data and ensure user privacy. BaaS solutions help organizations meet these compliance requirements by offering secure and compliant authentication methods. The shift towards remote work and digital transformation initiatives has increased the demand for secure and convenient authentication solutions. BaaS enables organizations to authenticate users accessing sensitive resources and applications remotely, supporting seamless and secure remote work environments.
COVID IMPACT:
The COVID-19 pandemic has had significant impacts on various industries and technologies, including biometrics. While the adoption of biometrics as a service (BaaS) was already on the rise before the pandemic, certain trends and considerations have been influenced by the ongoing global health crisis. The emphasis on hygiene and the need to reduce physical contact has accelerated the adoption of contactless biometric solutions. Technologies like facial recognition and iris scanning have gained traction as they offer secure identification without the need for physical touch. BaaS providers have witnessed increased demand for touchless access control solutions, especially in environments where many people gather, such as offices, airports, and public spaces. Touchless biometric modalities like facial recognition and palm print recognition have gained popularity. BaaS solutions have been integrated with health screening processes to ensure the safety of individuals entering premises. Some systems include temperature screening and health questionnaire checks alongside biometric authentication to identify potential health risks. The shift towards remote work has increased the demand for secure remote authentication services. BaaS providers have adapted to support organizations in implementing biometric solutions for secure access to systems and sensitive data from remote locations.
SEGMENTATION ANALYSIS:
Fingerprint Recognition segment is anticipated to grow significantly during the forecast period
The anticipated significant growth of the Fingerprint Recognition segment in the forecast period suggests increasing adoption and demand for fingerprint biometrics across various industries and applications. Fingerprint recognition is a widely used and mature biometric technology that offers secure and convenient identity verification. Fingerprint recognition is a key component of biometric security solutions. As organizations and industries prioritize enhanced security measures, the demand for reliable and accurate biometric authentication, such as fingerprint recognition, increases. Fingerprint recognition is commonly integrated into access control systems for secure entry to buildings, rooms, or restricted areas. The growth of the access control market, driven by increased security concerns, contributes to the expansion of the fingerprint recognition segment. Fingerprint sensors embedded in smartphones and mobile devices have become mainstream for user authentication and device security. The widespread adoption of biometric-enabled smartphones fuels the growth of the fingerprint recognition segment.
The Time Recording segment is anticipated to grow significantly during the forecast period
BaaS enables the integration of biometric authentication methods such as fingerprint recognition, facial recognition, or iris scanning into time recording applications. This ensures accurate and secure verification of employees’ identities during clock-in and clock-out processes. Biometric authentication adds an extra layer of security compared to traditional methods like PIN codes or access cards. It helps prevent unauthorized access and reduces the likelihood of time fraud, such as buddy punching. BaaS, integrated with time recording applications, ensures accurate and reliable attendance tracking. The use of biometrics helps in eliminating errors associated with manual time entry or the use of proxy attendance methods. The integration allows for real-time updates of attendance data. Supervisors and managers can access up-to-date information on employee attendance and work hours, facilitating better workforce management.
REGIONAL ANALYSIS:
The Asia Pacific region is set to witness significant growth during the forecast period.
Biometrics as a Service (BaaS) refers to the provision of biometric authentication services on a subscription or pay-per-use basis, allowing organizations to integrate biometric capabilities into their applications, systems, or processes without the need to build and maintain the underlying infrastructure. Biometric technologies often include fingerprint recognition, facial recognition, voice recognition, and other forms of physiological or behavioral identification. Many countries in the Asia Pacific region have been actively implementing biometric technologies, especially in government applications such as national identification systems, immigration control, and law enforcement. BaaS can facilitate the deployment of these technologies without requiring significant upfront investments. The APAC region has witnessed substantial growth in the financial technology (fintech) sector. BaaS is increasingly utilized by financial institutions and fintech companies to enhance security in online transactions, mobile banking, and identity verification. With the increasing digitization of services, there is a growing awareness of the need for robust cybersecurity measures.
COMPETITIVE ANALYSIS
The global Biometrics as a service market is reasonably competitive with mergers, acquisitions, and Scanner launches. See some of the major key players in the market.
- Thales Group
- January 2020: Thales’ Biometric Matching System is powered by cutting-edge Field-Programmable Gate Array (FPGA) technology, which is intended for massively parallel data processing. Thales significantly reduces the total carbon footprint and enables a half-fold reduction in the number of servers using Gemalto’s commercial off-the-shelf FPGA solution. Low latency biometric data processing is currently advantageous for border agencies using Entry/Exit systems as well as other government agencies needing to respond in real time.
- Leidos Holdings
- Fujitsu Ltd.
- In 2020, The acquisition of Fulcrum Biometrics, LLC, a Texas-based provider of biometric hardware, software, and solutions, was announced by Fujitsu Frontech North America Inc. in April 2020. With this deal, the company is making a major commitment to grow its biometrics business in North America and the global identity management markets. This includes addressing the need for multi-factor authentication in light of new state and federal regulations governing the sharing of patient data between financial institutions and healthcare providers.
- NEC Corporation
- BioEngagable Technologies Pvt. Ltd
- ImageWare Systems, Inc.
- M2SYS Technology – KernellÓ Inc.
- Mobbeel Solutions, S.L.L.
- Aware, Inc.
- IDEMIA France SAS
- Clearview AI, Inc.
Scope of the Report
- By Scanner
- Fingerprint Recognition
- Iris Recognition
- Palm Recognition
- Facial Recognition
- Voice Recognition
- Other Scanners
- By Application
- Site Access Control
- Time Recording
- Mobile Application
- Web and Workplace
- By Region
- North America (the United States & Canada)
- Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe)
- Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America, and Rest of The World)
Key reasons to purchasing this report
- It provides a technological development map over time to understand the industry’s growth rate and indicates how the Biometrics as a service market is evolving.
- The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which Biometrics as a service submarket will be the main driver of the overall market from 2024 to 2032.
- It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.
- It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032.
Table of Contents
- Executive Summary
- Market Snapshot
- Regional Analysis
- Segment Analysis
- Overview and scope
- Market Vision
- Market Definition
- Market Segmentation
- Market Vision
- Global Biometrics as a service Market Overview By Region: 2019 VS 2023 VS 2032
- Global Biometrics as a service Market Size by Regions (2019-2023) (USD Million)
- North America Biometrics as a service Market Size by Country (2019-2023) (USD Million)
- Europe Biometrics as a service Market Size by Country (2019-2023) (USD Million)
- Asia Pacific America Biometrics as a service Market Size by Country (2019-2023) (USD Million)
- Rest of the World Biometrics as a service Market Size by Country (2019-2023) (USD Million)
- Global Biometrics as a service Market Size by Regions (2024-2032) (USD Million)
- North America Biometrics as a service Market Size by Country (2024-2032) (USD Million)
- Europe Biometrics as a service Market Size by Country (2024-2032) (USD Million)
- Asia Pacific Biometrics as a service Market Size by Country (2024-2032) (USD Million)
- Rest of the World Biometrics as a service Market Size by Country (2024-2032) (USD Million)
- Global Biometrics as a service Market Size by Regions (2019-2023) (USD Million)
- Global Biometrics as a service Market Dynamics
- Market Overview
- Market Drivers
- Market Restraints/ Challenges Analysis
- Market Opportunities
- PESTLE Analysis
- Porter’s Five Forces Model
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- The threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Value Chain Analysis/Supply Chain Analysis
- Covid-19 Impact Analysis on Global Biometrics as a service Market
- Market Overview
** In – depth qualitative analysis will be provided in the final report subject to market
- Global Biometrics as a service Market, By Scanner
- Overview
- Global Biometrics as a service Market Size By Scanner (2019 – 2032) (USD Million)
- Key Findings for Biometrics as a service Market – By Scanner
- Fingerprint Recognition
- Iris Recognition
- Palm Recognition
- Facial Recognition
- Voice Recognition
- Other Scanners
- Global Biometrics as a service Market, By Application
- Overview
- Key Findings for Biometrics as a service Market – By Application
- Site Access Control
- Time Recording
- Mobile Application
- Web and Workplace
- Global Biometrics as a service Market, by region
- Key Findings For Biometrics as a service Market- By region
- Overview
- Global Biometrics as a service Market, By Scanner
- Global Biometrics as a service Market, By Application
- Global Biometrics as a service Market- North America
- Global Biometrics as a service Market- Europe
- Overview
- Europe Biometrics as a service Market Size (2019 – 2032) (USD Million)
- Europe Biometrics as a service Market, By Scanner
- Europe Biometrics as a service Market, By Application
- Europe Biometrics as a service Market Size by Countries
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Global Biometrics as a service Market – Asia Pacific
- Overview
- Asia Pacific Biometrics as a service Market Size (2019 – 2032) (USD Million)
- Asia Pacific Biometrics as a service Market, By Scanner
- Asia Pacific Biometrics as a service Market, By Application
- Asia Pacific Biometrics as a service Market Size by Countries
- China
- Japan
- India
- Rest of Asia Pacific
- Global Biometrics as a service Market- Rest of World
- Overview
- Rest of World Biometrics as a service Market Size (2019 – 2032) (USD Million)
- Rest of World Biometrics as a service Market, By Scanner
- Rest of World Biometrics as a service Market, By Application
- Rest of World Biometrics as a service Market Size by Regions
- Middle East & Africa
- Latin America
- Rest Of The World
- GLOBAL Biometrics as a service MARKET- Competitive Landscape
- Key Strategies Adopted by the Leading Players
- Recent Developments
- Investments & Expansions
- New End-User Launches
- Mergers & Acquisitions
- Agreements, Joint Ventures, and Partnerships
- GLOBAL Biometrics as a service MARKET- Company Profiles
- Thales Group
- Company Overview
- Financial Overview
- Scanner Offered
- Key Developments
- Leidos Holdings
- Fujitsu Ltd.
- NEC Corporation
- BioEngagable Technologies Pvt. Ltd
- ImageWare Systems, Inc.
- M2SYS Technology – KernellÓ Inc.
- Mobbeel Solutions, S.L.L.
- Aware, Inc.
- IDEMIA France SAS
- Clearview AI, Inc.
- Thales Group
- Our Research Methodology
- Data Triangulation
- Data Sources
- Secondary Sources
- Primary Sources
- Assumptions/ Limitations For The Study
- Research & Forecasting Methodology
- Appendix
- Disclaimer
- Contact Us
List Of Tables
- Global Biometrics as a service Historic Market Size By Regions (2019 – 2023) (USD Million)
- Global Biometrics as a service Forecasted Market Size By Regions (2024-2032) (USD Million)
- Global Biometrics as a service Market- Drivers
- Global Biometrics as a service Market- Restraint /Challenges
- Global Biometrics as a service Market- Opportunity Analysis
- Global Biometrics as a service Market Size By Scanner (2019 – 2032) (USD Million)
- Global Biometrics as a service Market Size By Fingerprint Recognition (2019 – 2032) (USD Million)
- Global Biometrics as a service Market Size By Iris Recognition (2019 – 2032) (USD Million)
- Global Biometrics as a service Market Size By Palm Recognition (2019 – 2032) (USD Million)
- Global Biometrics as a service Market Size By Facial Recognition (2019 – 2032) (USD Million)
- Global Biometrics as a service Market Size By Voice Recognition (2019 – 2032) (USD Million)
- Global Biometrics as a service Market Size By Others (2019 – 2032) (USD Million)
- Global Biometrics as a service Market Size By Application (2019 – 2032) (USD Million)
- Global Biometrics as a service Market Size By Site Access Control (2019 – 2032) (USD Million)
- Global Biometrics as a service Market Size By Time Recording (2019 – 2032) (USD Million)
- Global Biometrics as a service Market Size By Mobile Application (2019 – 2032) (USD Million)
- Global Biometrics as a service Market Size By Mobile Web and Workplace (2019 – 2032) (USD Million)
- North America Biometrics as a service Market Size By Scanner (2019 – 2032) (USD Million)
- North America Biometrics as a service Market Size By Fingerprint Recognition (2019 – 2032) (USD Million)
- North America Biometrics as a service Market Size By Iris Recognition (2019 – 2032) (USD Million)
- North America Biometrics as a service Market Size By Palm Recognition (2019 – 2032) (USD Million)
- North America Biometrics as a service Market Size By Facial Recognition (2019 – 2032) (USD Million)
- North America Biometrics as a service Market Size By Voice Recognition (2019 – 2032) (USD Million)
- North America Biometrics as a service Market Size By Others (2019 – 2032) (USD Million)
- North America Biometrics as a service Market Size By Application (2019 – 2032) (USD Million)
- North America Biometrics as a service Market Size By Site Access Control (2019 – 2032) (USD Million)
- North America Biometrics as a service Market Size By Time Recording (2019 – 2032) (USD Million)
- North America Biometrics as a service Market Size By Mobile Application (2019 – 2032) (USD Million)
- North America Biometrics as a service Market Size By Mobile Web and Workplace (2019 – 2032) (USD Million)
- Europe Biometrics as a service Market Size By Scanner (2019 – 2032) (USD Million)
- Europe Biometrics as a service Market Size By Fingerprint Recognition (2019 – 2032) (USD Million)
- Europe Biometrics as a service Market Size By Iris Recognition (2019 – 2032) (USD Million)
- Europe Biometrics as a service Market Size By Palm Recognition (2019 – 2032) (USD Million)
- Europe Biometrics as a service Market Size By Facial Recognition (2019 – 2032) (USD Million)
- Europe Biometrics as a service Market Size By Voice Recognition (2019 – 2032) (USD Million)
- Europe Biometrics as a service Market Size By Others (2019 – 2032) (USD Million)
- Europe Biometrics as a service Market Size By Application (2019 – 2032) (USD Million)
- Europe Biometrics as a service Market Size By Site Access Control (2019 – 2032) (USD Million)
- Europe Biometrics as a service Market Size By Time Recording (2019 – 2032) (USD Million)
- Europe Biometrics as a service Market Size By Mobile Application (2019 – 2032) (USD Million)
- Europe Biometrics as a service Market Size By Mobile Web and Workplace (2019 – 2032) (USD Million)
- Asia Pacific Biometrics as a service Market Size By Scanner (2019 – 2032) (USD Million)
- Asia Pacific Biometrics as a service Market Size By Fingerprint Recognition (2019 – 2032) (USD Million)
- Asia Pacific Biometrics as a service Market Size By Iris Recognition (2019 – 2032) (USD Million)
- Asia Pacific Biometrics as a service Market Size By Palm Recognition (2019 – 2032) (USD Million)
- Asia Pacific Biometrics as a service Market Size By Facial Recognition (2019 – 2032) (USD Million)
- Asia Pacific Biometrics as a service Market Size By Voice Recognition (2019 – 2032) (USD Million)
- Asia Pacific Biometrics as a service Market Size By Others (2019 – 2032) (USD Million)
- Asia Pacific Biometrics as a service Market Size By Application (2019 – 2032) (USD Million)
- Asia Pacific Biometrics as a service Market Size By Site Access Control (2019 – 2032) (USD Million)
- Asia Pacific Biometrics as a service Market Size By Time Recording (2019 – 2032) (USD Million)
- Asia Pacific Biometrics as a service Market Size By Mobile Application (2019 – 2032) (USD Million)
- Asia Pacific Biometrics as a service Market Size By Mobile Web and Workplace (2019 – 2032) (USD Million)
- Rest of World Biometrics as a service Market Size By Scanner (2019 – 2032) (USD Million)
- Rest of World Biometrics as a service Market Size By Fingerprint Recognition (2019 – 2032) (USD Million)
- Rest of World Biometrics as a service Market Size By Iris Recognition (2019 – 2032) (USD Million)
- Rest of World Biometrics as a service Market Size By Palm Recognition (2019 – 2032) (USD Million)
- Rest of World Biometrics as a service Market Size By Facial Recognition (2019 – 2032) (USD Million)
- Rest of World Biometrics as a service Market Size By Voice Recognition (2019 – 2032) (USD Million)
- Rest of World Biometrics as a service Market Size By Others (2019 – 2032) (USD Million)
- Rest of World Biometrics as a service Market Size By Application (2019 – 2032) (USD Million)
- Rest of World Biometrics as a service Market Size By Site Access Control (2019 – 2032) (USD Million)
- Rest of World Biometrics as a service Market Size By Time Recording (2019 – 2032) (USD Million)
- Rest of World Biometrics as a service Market Size By Mobile Application (2019 – 2032) (USD Million)
- Rest of World Biometrics as a service Market Size By Mobile Web and Workplace (2019 – 2032) (USD Million)
- Data Triangulation
List Of Figures
- Market Highlights
- Market Highlights By Region
- Global Biometrics as a service Market Size By Scanner: 2019 VS 2032
- Global Biometrics as a service Market Size by Application: 2019 VS 2032
- Global Biometrics as a service By Fingerprint Recognition (USD Million 2019 – 2032)
- Global Biometrics as a service By Iris Recognition (USD Million 2019 – 2032)
- Global Biometrics as a service By Facial Recognition (USD Million 2019 – 2032)
- Global Biometrics as a service By Voice Recognition (USD Million 2019 – 2032)
- Global Biometrics as a service Market Size By Others (2019 – 2032) (USD Million)
- Global Biometrics as a service Market Size By Application (2019 – 2032) (USD Million)
- Global Biometrics as a service By Site Access Control (USD Million 2019 – 2032)
- Global Biometrics as a service By Palm Recognition (USD Million 2019 – 2032)
- Global Biometrics as a service By Mobile Application (USD Million 2019 – 2032)
- Global Biometrics as a service Market Size By Web and Workplace (2019 – 2032) (USD Million)
- North America Biometrics as a service Market Size (2019 – 2032) (USD Million)
- North America Biometrics as a service By United States Revenue (USD Million) (2019 – 2032)
- North America Biometrics as a service By Canada Revenue (USD Million 2019 – 2032)
- Europe Biometrics as a service Market Size (2019 – 2032) (USD Million)
- Europe Biometrics as a service By United Kingdom Revenue (USD Million) (2019 – 2032)
- Europe Biometrics as a service By Germany Revenue (USD Million 2019 – 2032)
- Europe Biometrics as a service By France Revenue (USD Million 2019 – 2032)
- Europe Biometrics as a service By Italy Revenue (USD Million 2019 – 2032)
- Europe Biometrics as a service By Spain Revenue (USD Million 2019 – 2032)
- Europe Biometrics as a service By Rest Of Europe Revenue (USD Million 2019 – 2032)
- Asia Pacific Biometrics as a service Market Size (2019 – 2032) (USD Million)
- Asia Pacific Biometrics as a service By China Revenue (USD Million) (2019 – 2032)
- Asia Pacific Biometrics as a service By Japan Revenue (USD Million 2019 – 2032)
- Asia Pacific Biometrics as a service By India Revenue (USD Million 2019 – 2032)
- Asia Pacific Biometrics as a service By Rest Of APAC Revenue (USD Million 2019 – 2032)
- Rest Of World Biometrics as a service Market Size (2019 – 2032) (USD Million)
- Rest of World Biometrics as a service By the Middle East & Africa Revenue (USD Million) ( 2019 – 2032)
- Rest of World Biometrics as a service By Latin America Revenue (USD Million 2019 – 2032)
- Rest of World Biometrics as a service By Rest Of The World Revenue (USD Million 2019 – 2032)
- Key Strategies Adopted By The Leading Players
- Secondary Sources
- Primary Research
- Global Biometrics as a service Market – Research Methodology
Research Methodology
Primary and Secondary Research
In order to understand the market in detail we conduct primary and secondary research. We collect as much information as we can from the market experts through primary research. We contact the experts from both demand and supply side and conduct interviews to understand the actual market scenario. In secondary research, we study and gather the data from various secondary sources such as company annual reports, press releases, whitepapers, paid databases, journals, and many other online sources. With the help of the primary interviews, we validate the data collected from secondary sources and get a deep understanding on the subject matter. Post this our team uses statistical tools to analyses the data to arrive at a conclusion and draft it in presentable manner.
Market Size Estimations
Understanding and presenting the data collected is a crucial task. Market sizing is a critical part of the data analysis and this task is performed by using Top-down and bottom-up approaches. In this process, we place different data points, market information and industry trends at a suitable space. This placement helps us presume the estimated & forecast values for coming few years. We use several mathematical and statistical models to estimate the market sizes of different countries and segments. Each of this is further added up to outline the total market. These approaches are individually done on regional/country and segment level.
Data Triangulation
As we arrive at the total market sizes, the market is again broken down into segments and subsegments. This process is called as data triangulation and is implementable wherever applicable. This step not only helps us conclude the overall market engineering process, but also gives an assurance on accuracy of the data generated. The data is triangulated based on studying the market trends, various growth factors, and aspects of both demand and supply side.
