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Global Biometric as a Service Market Research Report: Forecast (2022-27)

The Global Biometric as a Service (BaaS) Market is projected to grow at a CAGR of around 19.78% during the forecast period, i.e., 2022-27. <br><br>Reports URL - https://www.marknteladvisors.com/research-library/biometric-as-a-service-market.html

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Global Biometric as a Service Market Research Report: Forecast (2022-27)

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  1. Global Biometric as a Service (BaaS) Market Research Report: Forecast (2022-2027F) Unlocking Immense Opportunities in North America, Europe and Asia Pacific www.marknteladvisors.com

  2. Document Outline 02 Research Scope Report Particulars, Key Questions Answered, Market Segmentation, Table of Content Sample Illustration Global Biometric as a Service (BaaS) Market Research Report: Forecast (2022-2027F) 25 • Research Process & Methodology • Research Approach, Research Methodology 63 72 Commercials About MarkNtel Advisors Who we are? 74 76 Disclaimer & Contact Details

  3. Report Particulars Global Biometric as a Service (BaaS) Market Report Basics

  4. Market Segmentation Global Biometric as a Service (BaaS)Market • By Trait • Physiological • Face Recognition • Fingerprint Recognition • Iris Recognition • Palm and Vein Recognition • Others • Behavioral • Voice Recognition • Signature Recognition • Others • By Organization Size • Small & Medium Enterprises • Large Enterprises • By Component • Solutions • Services • By End User • Banking and Financial Services • Government • IT/ITES • Healthcare • Manufacturing • Energy & Utilities • Retail • Others (Transport, Entertainment, etc.) • By Company • Thales Biometrics • Leidos Holdings, Inc. • 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. • Bayometric • Amazon Inc. • Microsoft Corporation • CERTIBIO • Others • By Region • North America • The US • Canada • Mexico • South America • Brazil • Argentina • Europe • Germany • The UK • France • Italy • Spain • Middle East & Africa • Saudi Arabia • UAE • Turkey • South Africa • Asia Pacific • China • Japan • India • South Korea • Australia

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  18. Study Background – Project Outline (14/15)

  19. Study Background – Project Outline (15/15)

  20. Document Outline 02 Research Scope Report Particulars, Key Questions Answered, Market Segmentation, Table of Content Sample Illustration Global Biometric as a Service (BaaS) Market Research Report: Forecast (2022-2027F) 25 • Research Process & Methodology • Research Approach, Research Methodology 63 72 Commercials About MarkNtel Advisors Who we are? 74 76 Disclaimer & Contact Details

  21. Global Biometric as a Service (BaaS) Market Outlook, 2017-2027F

  22. Global Biometric as a Service (BaaS) Market, By Revenues Figure XX: Global Biometric as a Service (BaaS) Market Revenues (USD Billion), 2017-2027F CAGR: XX.XX% CAGR: XX.XX% Source: MarkNtel Advisors • Market Overview • Biometrics as a Service is used in various industries such as banking & finance, governments, enterprises, etc., to minimize the risk of breaches & attacks and to provide customized services to the industries. The use of Biometrics as a Service for tracking the day-to-day workforce activities in an enterprise is one of the major drivers supporting the growth of the market as companies are readily adopting the BaaS based services in their ecosystem. Furthermore, the increasing use of Bring Your Own Device (BYOD) policy in organizations and rising data security issues globally have led to an increased usage of cloud-based mobile biometric services. According to the World Internet Stats 2021, there are around 5.1 billion mobile & internet subscribers globally. With the growing number of mobile and internet subscribers, increasing internet fraud & cyberattacks, there exists a need to deploy biometric solutions in the vital sectors globally.

  23. Global Biometric as a Service (BaaS) Market, By Component Figure XX: Global Biometric as a Service (BaaS) Market Revenue Share (Percentage), Market Size (USD Billion), By Component, 2021 & 2027F Revenue Share (Percentage) Market Size (USD Billion) 2021 2027F Source: MarkNtel Advisors • Overview • With the growing digitalization and increasing use of IoT in industries such as manufacturing, agriculture, logistics, banking, etc., there exists a need for these sectors to deploy security systems to help reduce security breach that could lead to operational losses. Increasing cyberattacks and internet scams in these sectors have largely contributed to an increase in the demand for advanced biometrics solutions and services to ensure data security and the smooth functioning of sectoral operations. Government organizations globally have adopted notable initiatives to curb data security losses. For instance, in August 2021, the US Federal Bureau of Investigation (FBI), announced the development of a biometric identification database program called "Next Generation Identification" (NGI). The FBI announced over 18,000 local, state, tribal, federal, and international service partners currently using Integrated Automated Fingerprint Identification System (IAFIS) would have access to the NGI.

  24. Global Biometric as a Service (BaaS) Market, By Trait Table XX: Global Biometric as a Service (BaaS) Market Revenues (USD Billion), By Trait, 2017-2027F Source: MarkNtel Advisors

  25. Global Biometric as a Service (BaaS) Market, By End Users Table XX: Global Biometric as a Service (BaaS) MarketRevenue (USD Billion), By End Users, 2017-2027F Source: MarkNtel Advisors • Banking & Financial Services • Banking and financial institutions are anticipated to gain a significant share in the global Biometric as a Service market during 2022-2027, witnessed by the increasing reliance on internet banking, payment applications such as WhatsApp pay, google pay, and amazon pay across the globe. According to the US Federal Trade Commission, there was an 88% increase in new credit card accounts activated and a 33% increase in new bank accounts in the US in 2020.

  26. Global Biometric as a Service (BaaS) Market, By Organization Figure XX: Global Biometric as a Service (BaaS) Market Revenue Share (Percentage), Market Size (USD Billion), By Organization, 2021 & 2027F Revenue Share (Percentage) Market Size (USD Billion) 2021 2027F Source: MarkNtel Advisors • Large Enterprises • The large enterprise segment is expected to outpace the small enterprise segment in the global Biometrics as a Service market during 2022-2027. With the growing concerns regarding burgeoning cyber breaches and payments frauds, etc., across the globe, numerous large companies are unceasingly implementing biometric security scanners to maintain day-to-day employees records including, Hours of Service (HOS), other workforce activities, and to provide maximum internet security to protect vital information and operations of the company. For instance, in October 2021 UAE-based Etihad Airways announced a biometric trial with SITA, an IT and telecom service provider, based on facial biometric solutions to check-in cabin crew at the airline’s Crew Briefing Centre in Abu Dhabi International Airport. Increasing government initiatives in collaboration with private entities across the globe to provide customized security solutions to the residents is expected to contribute to a demand surge in the Large enterprise Biometric as a Service market globally during 2022-2027.

  27. Global Biometric as a Service (BaaS) Market, By Company Figure XX: Global Biometric as a Service (BaaS) Market Share (Percentage) of Leading Companies, By Company, 2021 • Others (USD XX Million) • XX • Thales Group (Gemalto N.V.) (USD 533 Million) • Thales Group is a multinational company that designs and builds electrical systems and provides services for aerospace, defense, transportation, and security markets. • BioEngagable Technologies Pvt. Ltd (USD XX Million) • XX • Leidos Holdings, Inc. (USD XX Million) • XX USDXX Billion • NEC Corporation (USD XX Million) • XX • Fujitsu Ltd (USD XX Million) • XX Source: MarkNtel Advisors

  28. North America Biometric as a Service (BaaS) Market Outlook, 2017-2027F

  29. North America Biometric as a Service (BaaS) Market, By Revenues Figure XX: North America Biometric as a Service (BaaS) Market Revenues (USD Billion), 2017-2027F CAGR: XX.XX% CAGR: XX.XX% Source: MarkNtel Advisors Market Overview • With the growing technology, cyber-attacks are also rising in the North American region. Along with major financial, tech, telecommunication companies; the government is also opting for cyber security. The Department of Homeland Security of US also use biometrics to detect and prevent illegal entry, facilitating legitimate travel and trade, enforcing federal laws, etc. In November 2021, two American government biometrics contracts were announced. One with an identity authentication vendor Idemia Identity & Security North America, to support enrollment services offered by the state of Indiana. Another one between Accenture Federal Services and Federal, updating and expanding systems used by the U.S. Marshals Service. The boost in investments on Biometric as a Service by private sectors as well as governments across the globe for the National security would lead the growth of Biometric as a Service market.

  30. North America Biometric as a Service (BaaS) Market, By Component Figure XX: North America Biometric as a Service (BaaS) Market Revenue Share (Percentage), Market Size (USD Billion), By Component, 2021 & 2027F Revenue Share (Percentage) Market Size (USD Billion) 2021 2027F Source: MarkNtel Advisors Solution services • Biometrics solutions are attaining momentum in several domains creating security standards that are more convenient than other traditional approaches. Nowadays, end-users are looking for secure authentication solutions which protect their data, access to their account, and sensitive operations while providing a seamless experience. The shift in biometrics technology growth is being fueled by the benefits it offer like unique single identity that cannot be copied or shared. Governments being one of the key end user are collaborating with private security service & solution providers to boost the regional security facilities. • In October 2021, The United States Department of Homeland Security (DHS), partnered with the Department of Commerce’s National Institute of Standards and Technology (NIST), and released a roadmap to help organizations protect their data and systems to reduce risks related to privacy.

  31. North America Biometric as a Service (BaaS) Market, By End Users Table XX: North America Biometric as a Service (BaaS) MarketRevenue (USD Billion), By End Users, 2017-2027F Banking and Financial Services • In the Financial sector, the rise in fraudulent access to accounts is due to the increasing use of online banking and Financial organizations are aiming to provide high security to their customers by securing their transactions using Biometrics services. In 2019, Affirm, Inc., the financial technology company that provide payment alternatives to cash and traditional credit, announced a partnership with Walmart to offer customers the option pay for their purchases over time at nearly 4,000 Supercenters in San Francisco. The growing demand for security in Banking & Financial sector would lead the market growth in North America. Source: MarkNtel Advisors

  32. North America Biometric as a Service (BaaS) Market, By Trait Table XX: Global Biometric as a Service (BaaS) Market Revenues (USD Billion), By Trait, 2017-2027F Source: MarkNtel Advisors

  33. North AmericaBiometric as a Service (BaaS) Market, By Organization Figure XX: North America Biometric as a Service (BaaS) Market Revenue Share (Percentage), Market Size (USD Billion), By Organization, 2021 & 2027F Revenue Share (Percentage) Market Size (USD Billion) 2021 2027F Source: MarkNtel Advisors Small & Medium Enterprises • With the adoption of advanced biometric systems and solutions, the SMEs market in North America is turning towards the protection of their business with enhanced security. For SMEs, identity verification software is an easy, less expensive, and secure solution in order to meet their growing needs of preventing any possible data theft. SMEs are very prone to cyber fraud owing to the availability of limited resources, IT personnel, and budget limitations; and are focused to adopt identity verification software in order to save time, money, resources, and assets. • In November 2021, Cybersecurity platform Immersive Labs acquired a US based start-up, Snap Labs. This would enable the financial services, healthcare, and government customers to run ‘cyber crisis’ exercises in a cloud-based replica of their own organization, with technical teams operating jointly in a virtual environment.

  34. The United States Biometric as a Service (BaaS) Market Outlook, 2017-2027F

  35. The United States Biometric as a Service (BaaS) Market, By Revenues Figure XX: The United States Biometric as a Service (BaaS) Market Revenues (USD Billion), 2017-2027F CAGR: XX.XX% CAGR: XX.XX% Source: MarkNtel Advisors • Market Overview • The USA is one of the dominant countries in the North America Biometric as a Service Market (BaaS) due to the increase in government initiatives and investments to mitigate the risk of incessant cyber attacks in the country. In 2019, the US government announced a budget of USD 15 billion for cybersecurity of which the US Department of Defense (DOD) reported a USD 8.5 billion in cybersecurity funding. Despite the boost in funding's and initiative by the US government to minimize the cybersecurity risk in prominent industrial verticals, the US frequently face cyberattack. • XX

  36. The United States Biometric as a Service (BaaS) Market, By Component Figure XX: The United States Biometric as a Service (BaaS) Market Revenue Share (Percentage), Market Size (USD Billion), By Component, 2021 & 2027F Revenue Share (Percentage) Market Size (USD Billion) 2021 2027F Source: MarkNtel Advisors • Overview • XX • XX • XX

  37. The United States Biometric as a Service (BaaS) Market, By Trait Table XX: The United States Biometric as a Service (BaaS) Market Revenues (USD Billion), By Trait, 2017-2027F Source: MarkNtel Advisors

  38. Document Outline 02 Research Scope Report Particulars, Key Questions Answered, Market Segmentation, Table of Content Sample Illustration Global Biometric as a Service (BaaS) Market Research Report: Forecast (2022-2027F) 25 • Research Process & Methodology • Research Approach, Research Methodology 63 72 Commercials About MarkNtel Advisors Who we are? 74 76 Disclaimer & Contact Details

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