PUBLISHER: TechNavio | PRODUCT CODE: 1234297
PUBLISHER: TechNavio | PRODUCT CODE: 1234297
Technavio has been monitoring the biometrics-as-a-service market and is forecast to grow by $2,353.46 mn during 2022-2027, accelerating at a CAGR of 15.93% during the forecast period. Our report on the biometrics-as-a-service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing need for surveillance and security, rise in deployments of biometrics in various end-user industries, and increasing government initiatives for implementing biometrics.
Technavio's biometrics-as-a-service market is segmented as below:
By Application
By Modality
By Geography
This study identifies the rise in popularity of face and voice recognition biometrics in BFSI sector as one of the prime reasons driving the biometrics-as-a-service market growth during the next few years. Also, incorporation of biometrics in digital payment systems and increasing role of multimodal biometrics solutions will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the biometrics-as-a-service market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biometrics-as-a-service market vendors that include Accenture Plc, Affectiva Inc., Aware Inc., Bayometric, BioID AG, Cognitec Systems GmbH, Fujitsu Ltd., HYPR Corp., IDEMIA France SAS, Imageware Systems Inc., International Business Machines Corp., Iritech Inc., Leidos Holdings Inc., M2SYS Technology, Milestone systems AS, NEC Corp., Nuance Communications Inc., Phonexia Sro, RELX Plc, and Thales Group. Also, the biometrics-as-a-service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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