WILMINGTON, NEW CASTLE, DE, UNITED STATES, December 18, 2024 /EINPresswire.com/ -- According to a recent report published by Allied Market Research, titled, "Biometrics-as-a-Service Market by Component, Organization Size, Modality, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026," The global Biometrics-as-a-Service market size garnered $1.42 billion in 2018, and is estimated to reach $5.37 billion in 2026, growing at a CAGR of 18.2% from 2019 to 2026.
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/6080
Biometrics-as-a-Service facilitates cloud-based identification and authentication for an enterprise to identify an individual through their biological and behavioral characteristics. The technology offers multiple advantages such as easy implementation at any endpoint on the network, accessible from anywhere across the globe and reduced subscription costs. Rise in complex IoT landscape, growing number of cyber-attacks, and increase in demand for cost-efficient biometric solutions among different industry verticals and increase in the adoption of cloud-based biometrics are the factors that mainly drive the biometrics-as-a-service (BaaS) market growth. However, privacy concerns and security issues pertaining to the data stored on the cloud hinder the market growth. Moreover, advanced technology integrations in cloud-based biometric solutions and growing cloud industry in developing economies are expected to offer lucrative opportunities for the biometrics-as-a-service industry during the forecast period.
The large enterprises segment dominated the biometrics-as-a-service market in 2018 and is projected to maintain its dominance during the forecast period, owing to high usage of connected devices and increased number of cyber-attacks, which has raised the necessity of advanced and cost-efficient biometrics solutions among these enterprises. Furthermore, the small & medium enterprises are expected to grow at a significant CAGR during the forecast period, owing to the growing usage of BYOD and increasing IT security spending. In addition, several key benefits for cloud-based biometrics, such as cost-efficiency, ease of implementation, high flexibility, and unlimited accessibility are shifting the attention of SMEs toward cloud-based adoption.
The global biometrics-as-a-service market share was led by the government and public sector segment in 2018 and is projected to maintain its dominance during the forecast period. The major factors that drive the adoption of BaaS in this sector include significant adoption among the public and government sector for different applications such as airport security, prisoner identification, and traveler identification at the boarders. However, the healthcare sector is expected to grow at the highest rate during the forecast period, owing to the rise in need to maintain secure access to protected health information and prevent high-risk work flows from any cyber-attacks.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/biometrics-as-a-service-market/purchase-options
Region-wise, the biometrics-as-a-service market size was dominated by North America in 2018 and is expected to maintain during the forecast period. The major factors that drive the growth of the BaaS market in this region includes rapid surge in the online transactions, rise in the advance cyber-attacks, and high IT security spending. In addition, the adoption of advanced biometrics in various IoT based devices in this region has also contributed toward the demand of biometrics-as-a-service in this region. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to the increase in investments by several governments in biometric projects such as national ID cards and e-passports and development of smart cities and connected devices is expected to influence the growth of biometrics-as-a-service market in Asia-Pacific.
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ :
Based on component, the solution segment led the biometrics-as-a-service market, in terms of revenue in 2018.
By organization size, the large enterprises accounted for the highest market share in 2018.
By region, North America generated the highest revenue in 2018.
Depending on industry vertical, the healthcare segment is anticipated to exhibit substantial growth during the forecast period.
By region, Asia-Pacific is anticipated to exhibit substantial biometrics-as-a-service (BaaS) market growth during the forecast period.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/6080
The key players profiled in the biometrics-as-a-service market analysis are Fujitsu Limited, Accenture Plc., Aware Inc., Leidos Holdings, Inc., BioID, M2SYS Technology - Kernellร Inc, Fulcrum Biometrics, LLC, IDEMIA, Imageware Systems Incorporated, and Iritech, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
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๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/6080
Biometrics-as-a-Service facilitates cloud-based identification and authentication for an enterprise to identify an individual through their biological and behavioral characteristics. The technology offers multiple advantages such as easy implementation at any endpoint on the network, accessible from anywhere across the globe and reduced subscription costs. Rise in complex IoT landscape, growing number of cyber-attacks, and increase in demand for cost-efficient biometric solutions among different industry verticals and increase in the adoption of cloud-based biometrics are the factors that mainly drive the biometrics-as-a-service (BaaS) market growth. However, privacy concerns and security issues pertaining to the data stored on the cloud hinder the market growth. Moreover, advanced technology integrations in cloud-based biometric solutions and growing cloud industry in developing economies are expected to offer lucrative opportunities for the biometrics-as-a-service industry during the forecast period.
The large enterprises segment dominated the biometrics-as-a-service market in 2018 and is projected to maintain its dominance during the forecast period, owing to high usage of connected devices and increased number of cyber-attacks, which has raised the necessity of advanced and cost-efficient biometrics solutions among these enterprises. Furthermore, the small & medium enterprises are expected to grow at a significant CAGR during the forecast period, owing to the growing usage of BYOD and increasing IT security spending. In addition, several key benefits for cloud-based biometrics, such as cost-efficiency, ease of implementation, high flexibility, and unlimited accessibility are shifting the attention of SMEs toward cloud-based adoption.
The global biometrics-as-a-service market share was led by the government and public sector segment in 2018 and is projected to maintain its dominance during the forecast period. The major factors that drive the adoption of BaaS in this sector include significant adoption among the public and government sector for different applications such as airport security, prisoner identification, and traveler identification at the boarders. However, the healthcare sector is expected to grow at the highest rate during the forecast period, owing to the rise in need to maintain secure access to protected health information and prevent high-risk work flows from any cyber-attacks.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/biometrics-as-a-service-market/purchase-options
Region-wise, the biometrics-as-a-service market size was dominated by North America in 2018 and is expected to maintain during the forecast period. The major factors that drive the growth of the BaaS market in this region includes rapid surge in the online transactions, rise in the advance cyber-attacks, and high IT security spending. In addition, the adoption of advanced biometrics in various IoT based devices in this region has also contributed toward the demand of biometrics-as-a-service in this region. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to the increase in investments by several governments in biometric projects such as national ID cards and e-passports and development of smart cities and connected devices is expected to influence the growth of biometrics-as-a-service market in Asia-Pacific.
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ :
Based on component, the solution segment led the biometrics-as-a-service market, in terms of revenue in 2018.
By organization size, the large enterprises accounted for the highest market share in 2018.
By region, North America generated the highest revenue in 2018.
Depending on industry vertical, the healthcare segment is anticipated to exhibit substantial growth during the forecast period.
By region, Asia-Pacific is anticipated to exhibit substantial biometrics-as-a-service (BaaS) market growth during the forecast period.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/6080
The key players profiled in the biometrics-as-a-service market analysis are Fujitsu Limited, Accenture Plc., Aware Inc., Leidos Holdings, Inc., BioID, M2SYS Technology - Kernellร Inc, Fulcrum Biometrics, LLC, IDEMIA, Imageware Systems Incorporated, and Iritech, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
Rail Maintenance Management System Market
https://www.alliedmarketresearch.com/rail-maintenance-management-system-market
Telecommunication Services Market
https://www.alliedmarketresearch.com/telecommunication-services-market-A21101
Application Development Software Market
https://www.alliedmarketresearch.com/application-development-software-market-A09561
Inspection Management Software Market
https://www.alliedmarketresearch.com/inspection-management-software-market-A31031
Deception Technology Market
https://www.alliedmarketresearch.com/deception-technology-market-A31357
๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
+1 800-792-5285
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