Biometric-as-a-Service Market

NEC (Japan) and Aware (US) are leading players in Biometric-as-a-Service Market

MarketsandMarkets forecasts the global pre-COVID-19 biometric-as-a-service marketsize to grow from USD 1.5 billion in 2020 to USD 3.7billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.7%and post COVID-19 market size is expected to grow from USD 1.4 billion to USD 3.6 billion at a CAGR of of 19.7% during 2020–2025. Increasing users & data-security initiatives by government, growing usage of mobile devices, and rising demand for robust fraud detection and prevention systems across the Banking, Financial Services, and Insurance (BFSI) industry are bolstering the biometric-as-a-service market growth.

In the last few years, there has been a series of technological innovations that make the biometric technology technically and commercially feasible in the present market scenario. A few prominent technological advancements are the emergence of technologies, such as touchless biometrics and portable biometrics devices. This increasing innovation has led to the present state of the industry, where new devices are being launched in the market at an exponential rate. 

To know about the assumptions considered for the study download the pdf brochure

Major vendors of the biometric-as-a-servicemarket includeIdemia (France), NEC (Japan), Thales (France), M2SYS (US), Fujitsu (Japan), Aware (US), Leidos (US), Nuance (US),  Certisign (Brazil), HYPR (US), BioID (Germany), Ayonix (Japan), Phonexia (US), Lexis Nexis (US), Cognitec Systems (Germany), Iritech (US), Affectiva (US), Nviso (Switzerland), Fingerprints (Sweden), Bayometric (US), Google (US), Microsoft (US), IBM (US), Amazon (US), and Accenture (Ireland). The key players have adopted various growth strategies, such as partnerships, agreements & collaborations, and new product launches, to further expand their presence in the global biometric-as-a-service market. Theyhave majorly adopted the strategies of partnerships and new product launches from 2017 to 2019, which have helped them innovate their offerings and broaden their customer base.

NEC (Japan)is a key technology player in the global biometric-as-a-service market. It has a vast portfolio of solutions and services in the biometric recognition that includes integrated solutions, components, and services for computing and communications applications. The company develops and markets its biometric systems under the solutions and services segment, i.e.,  biometric authentication.Under this segment, the company develops leading biometrics verification engines and advanced image analysis to offer integrated security solutions that fully meet the customers’ demand.The company’s offices are located across the globe in regions, such as APAC, North America, the Middle East, and Europe.

Aware (US) is one of the leading providers of modular software products, including Software Development Kit (SDK) and subsystems that enable fingerprint, face, and iris recognition; and authentication solutions.These products cater to critical biometric functionalities for application areas, including law enforcement, border management, defense, intelligence, banking, citizen ID, and payments.The companyoperates through four product groups,namely,mobile biometric authentication framework (Knomi), biometric identification platform (ABIS), biometrics as a service (Indigo), and browser-based enrollment anddata management (WebEnroll). The company is providing software and services to the UK government for the implementation of a central biometric services system for applications in law enforcement, border management, and immigration.Aware provides its biometrics-as-a-service solutions through a workforce of 68 employees, and the company has a strong presence in the US and Brazilian markets.

Related Reports:

Biometric-as-a-Service Market By Offering, Solution (Fingerprint Recognition, Iris Recognition, Voice Recognition, Palm & Vein Recognition), Trait (Physiological, Behavioral), Modality, Organization Size, Vertical, Region-Global Forecast to 2025

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
TC 5616
RI Published ON
6/13/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Biometric-as-a-Service Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved