Biometrics-as-a-Service (BaaS) Market Is Booming Worldwide with Leidos, Idemia, Certibio

The latest study released on the Global Biometrics-as-a-Service (BaaS) Market by HTF MI Research evaluates market size, trend, and forecast to 2029. The Biometrics-as-a-Service (BaaS) market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Key Players in This Report Include:

NEC Corporation (Japan), Aware (United States), Fujitsu Ltd. (Japan), Nuance Communications (United States), Leidos (United States), Idemia (France), Gemalto, M2SYS Technology (United States), Smilepass Ltd (United Kingdom), Certibio (Brazil), HYPR Corp. (United States) , BioID (Germany)

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According to HTF Market Intelligence, the Global Biometrics-as-a-Service (BaaS) market to witness a CAGR of 20.1% during forecast period of 2023-2029. The market is segmented by Application (Site Access Control, Time Recording, Mobile Application, Web and Workplace) and by Geography (North America, South America, Europe, Asia Pacific, MEA).

Definition:

Biometrics-as-a-Service (BaaS) performs biometric matching operations in the cloud while relying on simple and ubiquitous consumer devices such as smartphones. It leverages the well-entrenched practices of the Software-as-a-Service (SaaS) model that performs biometric matching operations in the cloud platform and provides it as a service. BaaS is easy to deploy and integrate with any application and it does not need any in-house or special IT infrastructure. It enables organizations of all types from governments to telecommunications companies to quickly deploy and start using biometrics technology in their day-to-day identity management operations. It is cost-efficient and is inherently scalable. The potential of biometrics-as-a-Service (BaaS) has gained popularity in providing ubiquitous authentication to cloud services due to this its adoption is rapidly increasing. This is expected to boost the market growth of biometrics-as-a-Service (BaaS) in the forecast period.

Market Trends:

• Integration of Artificial Intelligence in Biometrics-as-a-Service Solutions

Market Drivers:

• Demand Better Security and Identity Fraud Prevention Measures
• Rapid Deployment and Quick Integration of Biometrics-as-a-Service (BaaS)
• Need to Secure Increasing Online Transaction

Market Opportunities:

• Biometrics-as-a-Service (BaaS) Eliminates Time-Consuming & Expensive Resource-Intensive Software Processing
• Highly Secured as the Biometric Data is Stored and Accessed from the Cloud
• Increasing Adoption Cloud-Based Services by Enterprises

Major Highlights of the Biometrics-as-a-Service (BaaS) Market report released by HTF MI

Market Breakdown by Applications: Site Access Control, Time Recording, Mobile Application, Web and Workplace

Global Biometrics-as-a-Service (BaaS) market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report

• -To carefully analyze and forecast the size of the Biometrics-as-a-Service (BaaS) market by value and volume.
• -To estimate the market shares of major segments of the Biometrics-as-a-Service (BaaS)
• -To showcase the development of the Biometrics-as-a-Service (BaaS) market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Biometrics-as-a-Service (BaaS) market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Biometrics-as-a-Service (BaaS)
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Biometrics-as-a-Service (BaaS) market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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Major highlights from Table of Contents:

Biometrics-as-a-Service (BaaS) Market Study Coverage:

• It includes major manufacturers, emerging player's growth story, and major business segments of Biometrics-as-a-Service (BaaS) market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Biometrics-as-a-Service (BaaS) Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Biometrics-as-a-Service (BaaS) Market Production by Region Biometrics-as-a-Service (BaaS) Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
• Key Points Covered in Biometrics-as-a-Service (BaaS) Market Report:
• Biometrics-as-a-Service (BaaS) Overview, Definition and Classification Market drivers and barriers
• Biometrics-as-a-Service (BaaS) Market Competition by Manufacturers
• Biometrics-as-a-Service (BaaS) Capacity, Production, Revenue (Value) by Region (2023-2029)
• Biometrics-as-a-Service (BaaS) Supply (Production), Consumption, Export, Import by Region (2023-2029)
• Biometrics-as-a-Service (BaaS) Market Analysis by Application {Site Access Control, Time Recording, Mobile Application, Web and Workplace}
• Biometrics-as-a-Service (BaaS) Manufacturers Profiles/Analysis Biometrics-as-a-Service (BaaS) Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered

• How feasible is Biometrics-as-a-Service (BaaS) market for long-term investment?
• What are influencing factors driving the demand for Biometrics-as-a-Service (BaaS) near future?
• What is the impact analysis of various factors in the Global Biometrics-as-a-Service (BaaS) market growth?
• What are the recent trends in the regional market and how successful they are?

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COMTEX_426936116/2808/2023-03-18T07:23:41