Biometric-as-a-Service (BaaS) Market Overview
As per recent research by MarkNtel Advisors, 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.
Biometric-as-a-Service (BaaS) Market Dynamics
Market Drivers : Digitalization and Growing Security Threats
The growing dependence on technology of the key industries, such as e-commerce, banking, security, etc., has urged the need for enhanced security mechanisms, which, in turn, has resulted in the increased integration of biometric services globally. Moreover, the mounting need to strengthen national security in many countries is also augmenting the demand for Biometric-as-a-Service (BaaS) models.
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Biometric-as-a-Service (BaaS) Market Segmentation Overview 2022-2027: Key Factors
By Component
-Solutions
-Services
By End Users
-Banking and Financial Services
-Government
-IT/ITES
-Healthcare
-Manufacturing
-Energy & Utilities
-Retail
-Others (Transport, Entertainment, etc.)
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
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Biometric-as-a-Service (BaaS) Market Geographical Insights:
By Region:
-North America
-South America
-Europe
-Middle East & Africa
-Asia Pacific
Key Players and Competitive Strategies in the Biometric-as-a-Service (BaaS) Market
Several prominent players dominate the Biometric-as-a-Service (BaaS) Market, including:
- Thales Group (Gemalto N.V.)
- 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
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Questions Addressed in this Study
1.How big is the Biometric-as-a-Service (BaaS) Market Size?
2.What is the Biometric-as-a-Service (BaaS) Market Growth?
3.Who are the key players of the Biometric-as-a-Service (BaaS) Market?
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