Rise in the implementation of cloud-based biometrics, reinforced by various factors that include increasing cyber-attacks, strict government guidelines for data security, and demand for economic biometrics are the key aspects that drive the growth of the biometric-as-a-service market. In addition, development of IoT landscape and surge in BYOD implementation amongst enterprises is also driving the advancement of the biometrics-as-a-service market. Apart from this, the governments and private organizations are adopting advanced BaaS solutions to counter security attacks and identity thefts. Moreover, the government desires to deal with all of its resident for their identity, demographic information to check safety in addition to deliver other services.
In addition, the biometric-as-a-service has different types based on its technology such as fingerprint recognition, face recognition, iris recognition and voice recognition, among others. Apart from this, biometric-as-a-service technology is widely used in various end-use industries such as government, BFSI, healthcare, it and telecommunications and manufacturing, among others. Furthermore, key players in the global biometric-as-a-service market are NEC Corporation, Leidos, Inc., Fujitsu Limited, Aware, Inc., BioID GmbH, DERMALOG Identification Systems GmbH, IriTech, Inc., ImageWare Systems, Inc., Animetrics, Inc. and M2SYS Technology.
Global Biometric-as-a-Service Market, By Type
Based on type, the biometric-as-a-service market is segmented into the following:
- Fingerprint Recognition
- Face Recognition
- Iris Recognition
- Voice Recognition
|Report Parameters||Details of Parameter|
|Considered year for estimation||2021|
|Historical data||2015 – 2020|
|Forecast period covered||2021 – 2028|
|Segments covered||Product Types, Applications, End-Users, Regions, Top Companies and more.|
|Top companies||NEC Corporation, Leidos, Inc., Fujitsu Limited, Aware, Inc., BioID GmbH, DERMALOG Identification Systems GmbH, IriTech, Inc., ImageWare Systems, Inc., Animetrics, Inc. and M2SYS Technology.|
|By type||Fingerprint Recognition, Face Recognition, Iris Recognition, Voice Recognition, Others|
|By end-use||Government, BFSI, Healthcare, IT and Telecommunications, Manufacturing, Others|
|Region covered||North America, Europe, Asia Pacific, Latin America, Middle East, Africa and more|
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:
In 2020, the face recognition segment led the overall biometric-as-a-service market in terms of market value accounting for over 33% of the global market. Face recognition is well exposed biometric technology which is used for authentication and identification of a person. For facial recognition high quality cameras with high zoom features are used, where they can recognize a subject from the distance. The facial recognition technique is widely used for security and surveillance applications, mostly in government sectors. Moreover, face recognition is easy to set up and there is no additional hardware required due to wide presence of computing devices and smartphones. The facial recognition technology is widely adopted by various companies due to continuous growth of smartphones and personal computing devices among the consumers, hence it has huge demand as compare to others.
Global Biometric-as-a-Service Market, By End-use Industry
Based on end-use industry, the biometric-as-a-service market is segmented into the following:
- IT and Telecommunications
In 2020, the IT and telecommunications segment led the overall biometric-as-a-service market in terms of market value accounting for over 23% of the global market. The biometrics technology is widely used in the IT and telecommunication industry for verification of person’s identity or for securing crucial data by using fingerprint, voice, eye and face recognition technology. Most of the telecommunication industry and mobile network operators across the world are using biometrics technology for customer’s SIM cards registration for mobile phones, which helps to avoid the use of fraudulent SIM cards. Moreover, SIM card registration with biometrics help in crime fighting as all the unregistered SIM are blocked and all the illegal or criminal activity done over mobile phones can be stopped. In addition, in most of the countries, consumers have created their digital identity with the help of biometrics.
Global Biometric-as-a-Service Market, By Geography
Based on geography, the biometric-as-a-service market is segmented into following:
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
In 2020, Asia Pacific held the largest share in the biometric-as-a-service market because developing countries in Asia Pacific region such as China, Japan and India, among others are experiencing dynamic changes owing to rapid digitization, other digital changes and increasing occurrence of identity theft across Asia Pacific. Apart from this, growing cybercrime are encouraging the implementation of multifactor verification and multimodal technology structures. Hence, all these technologies will be improved by growing IoT penetration in various end-use industries, hence it will drive the development in cloud-based biometric platforms. Moreover, due to Covid-19 impact, the demand and adoption of facial recognition and other touch less recognition systems has increased and hence it is widely used for different applications and in end-use industries. Furthermore, strategic partnerships between financial firms, payment platform suppliers, and biometric technology suppliers will help to enlarge the occurrence and usage of biometric payment platforms. Thereby, driving the biometrics-as-a-service market in Asia pacific region.