The latest market intelligence report, titled ‘Global Biometric-as-a-Service Market’, is intended to provide the target audience with the necessary information about the global Biometric-as-a-Service industry. Biometric-as-a service market revenue is expected to increase rapidly as biometrics offer better security than traditional forms of entry codes such as passwords, PIN, and locks, among others. This technology also leverages imaging, computing, statistical, and mathematical applications to map a detailed identity of any individual for high-risk security clearances. Replacement of PIN-based authentication system with BaaS can streamline customer services and curb fraudulent conduct without any need for expensive time-consuming resource-intensive software processing. The report comprises a detailed analysis of the vital elements of the Biometric-as-a-Service market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors.
The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Biometric-as-a-Service market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. Therefore, the report, published by Emergen Research, is a detail-oriented compilation of the crucial aspects of the Biometric-as-a-Service market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.
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The global Biometric-as-a-Service market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Biometric-as-a-Service market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Leading companies profiled in the report:
- Fujitsu,
- Thales,
- Lexis Nexis,
- Idemia,
- Microsoft,
- Google,
- Accenture,
- Fingerprints,
- Amazon, and
- Bayometric
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The retail segment accounted for largest revenue share in 2020 due to rising preference for access control of employees, which allows retailers to curb theft of inventory on-premise. The technology is also being explored for promotional and advertising targeting purposes. In March 2021, Piestro, which is a pizzeria-maker, partnered with PopID for safer, easier, and faster biometrics-based solutions for pizza lovers. The partnership will enable on-site contactless ordering and payment as well as use of PopID-compatible machines to view menus, place orders, and complete payments using the same screen.
Emergen Research has segmented the global biometric-as-a-service market on the basis of offering, type, organization size, vertical, and region:
Offering Outlook (Revenue, USD Billion; 2018–2028)
- Solutions
- Services
Type Outlook (Revenue, USD Billion; 2018–2028)
- Face Recognition
- Fingerprint Recognition
- Voice Recognition
- Iris Recognition
- Palm and Vein Recognition
- Others (DNA, Signature, Keystroke)
Organization Size Outlook (Revenue, USD Billion; 2018–2028)
- Small and Medium Enterprises
- Large Enterprises
Vertical Outlook (Revenue, USD Billion; 2018–2028)
- BFSI
- Education
- Government (Public Administration)
- IT and ITES
- Healthcare
- Manufacturing
- Others
- Entertainment
- Transportation
- Energy and Utilities
- Retail
- Telecommunication
- Other Professional Services
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