It is expected that the global market for biometric services as a service will increase from +1.2 billion. Dollars. The US in 2019 to +3 billion. Dollars. The U.S. by 2024, with CAGR increasing by 17.0% during 2019-2024. The main drivers of the market are the expansion of user and government data protection initiatives, the increased use of mobile devices and the increased demand for fraud and prevention.
The service segment will grow with a high CAGR over the period
The forecast for the biometric services market as a service is expected to grow at a higher CAGR over the forecast period. A service usually maintains a repair or maintenance service that is part of a specific subscription or service plan. In addition, service revenue comes from integration services with complex business processes.
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Key Market Segments:
Key Market Player:
Major vendors in the global market include NEC (Japan), Aware (US), Fujitsu (Japan), Nuance (US), Leidos (US), Idemia (France), M2SYS (US), Smile pass (UK), Certibio (Brazil), HYPR (US), Bio ID (Germany), Accenture (Ireland), Fulcrum Biometrics (US), and Phonexia (US).
Nuance is an organized Voice biometric solution and natural language learning (NLU) solution with a great deal of geographical fulfillment. The business division includes healthcare, business, automation, and photography. It is based on a number of factors, such as financial services, government, health, legal, construction, education, and logic. The company has expanded its portfolio of biometric solutions with the introduction of biometric solutions in action through a partnership with Bio Catch, a biometric solution provider. This partnership enabled Nuance to offer a comprehensive range of solutions to its customers.
Based on Application area:
Based on Modality:
Based on Offering:
Based on Regions:
- Government and Defense
- Financial Services
- Law Enforcement
- Human Resources
- Others (Travel and Hospitality, Academia and Research, and Secured Enterprises/Institutions)
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North America holds the largest market size during the forecast period
- North America
- Latin America
North America is expected to provide the highest market share in terms of profitability over this period, as it is a technologically advanced region with a strong presence and presence of key players in the market. Operations such as a large-scale funding program and control of staff access to buildings have led to increased revenues in this area.
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Table of Content:
Chapter 1 Global Biometrics-as-a-Service Market Overview
Chapter 2 Global Economic Impact on Biometrics-as-a-Service Industry
Chapter 3 Global Biometrics-as-a-Service Market Competition by Manufacturers
Chapter 4 Global Biometrics-as-a-Service Production, Revenue (Value) by Region (2012-2018)
Chapter 5 Global Biometrics-as-a-Service Supply (Production), Consumption, Export, Import by Regions (2012-2018)
Chapter 6 Global Biometrics-as-a-Service Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Biometrics-as-a-Service Market Analysis by Application
Chapter 8 Biometrics-as-a-Service Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Biometrics-as-a-Service Market Forecast (2018-2023)
Chapter 13 Appendix
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