Biometrics as a Service Market by Modality Type (Unimodal (Fingerprint, Facial, Iris, Voice, Palm and Vein Recognition) and Multimodal), Application, Deployment Model, Organization Size, Industry, and Region - Global Forecast to 2022 - Product Image

Biometrics as a Service Market by Modality Type (Unimodal (Fingerprint, Facial, Iris, Voice, Palm and Vein Recognition) and Multimodal), Application, Deployment Model, Organization Size, Industry, and Region - Global Forecast to 2022

  • ID: 4404578
  • Report
  • Region: Global
  • 136 Pages
  • Markets and Markets
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The Global Biometrics-As-A-Service Market is Expected to Grow from USD 838.0 Million in 2017 to USD 2972.8 Million By 2022, at a CAGR of 28.82%.

FEATURED COMPANIES

  • Accenture
  • Bioid
  • Fujitsu
  • Hypr
  • Iritech
  • M2Sys
  • MORE

The growing demand for biometric authentication under various government initiatives and regulations has fueled the adoption of biometrics-as-a-service solutions

There is an increasing need for biometrics solutions for identifying and enrolling citizens for elections and voting purpose. Biometrics-as-a-service offerings provide more accurate identification and are more cost effective compared to traditional identification services. This is one of the major growth drivers for the biometrics-as-a-service market. However, concerns related to storage of biometric data on the cloud may prevent the end-users from adopting these solutions.

The multimodal type of offerings is expected to account for the largest market share by 2022

Multi-modal biometric authentication incorporates two or more modalities for authentication. Moreover, as they require multiple biometric credentials for positive identification, they are more secure as compared to unimodal solutions. Due to these benefits, multimodal offerings are expected to be deployed widely across various industry verticals.

The mobile banking, payments, and authentication segment is expected to have the largest market size during the forecast period

Financial institutions face an increasing need for reliable authentication techniques to protect against the increasing attacks. Moreover, biometric authentication provides additional security owing to the fact that biometric identifiers are virtually impossible to replicate and cannot be shared. Thus, the biometric-as-a-service offerings are gaining momentum for mobile banking, payments, and authentication applications, due to their exclusive ability to provide greater security in comparison to other traditional authentication methods.

The public cloud segment is expected to have the larger market share during the forecast period

The biometrics-as-a-service market has been segmented on the basis of deployment models into public cloud, private cloud, and hybrid cloud. The biometrics-as-a-service offerings are being adopted for public cloud as they provide ease of access and faster deployment. Moreover, public cloud is more preferred by the enterprises that have less regulatory hurdles and are willing to outsource their storage facilities either fully or partially. These benefits of public cloud deployments have helped in driving the growth of the biometrics-as-a-service market.

North America is estimated to have the largest market in 2017, whereas Asia Pacific (APAC) is projected to grow at the highest rate during the forecast period

North America is estimated to capture the largest market share in 2017, and the trend is likely to continue during the forecast period. Large-scale funded programs and employee access monitoring in buildings are some of the factors driving the revenue growth in this region. Moreover, the increasing concerns toward national security have significantly driven the US biometrics-as-a-service market. On the other hand, the biometrics-as-a-service market in APAC is expected to witness an exponential growth and is projected to be one of the fastest-growing regions in the global biometrics-as-a-service market. This is mainly due to the various government undertakings for unique identification in countries such as India and China.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.

The break-up of the profiles of the primary participants is given below:

  • By Company Type: Tier I: 17%, Tier II: 50%, and Tier III: 33%
  • By Designation: C Level: 33%, D Level: 50%, and Others: 17%
  • By Region: North America: 33%, Europe: 33%, APAC: 17%, and RoW: 17%

The key vendors profiled in the report are as follows:
1. Fujitsu (Japan)
2. BioID (Switzerland)
3. HYPR (US)
4. Aware, Inc. (US)
5.  M2SYS (US)
6. OT-Morpho (France)
7. Leidos (US),
8. IriTech (US)
9.  SmilePass (UK)
10. Accenture (Ireland)
11. Fulcrum Biometrics (US)
12. Certibio (Brazil)

Research Coverage

The market is segmented on the basis of modality types into unimodal and multimodal. The applications segment, which include mobile banking, payments, and authentication; identity proofing and credentialing; law enforcement and border control; civil identity and elections; workforce management; and others (account recovery, de-duplication, and access control). The deployment type segment includes public cloud, private cloud, and hybrid cloud. The organization sizes include SMEs and large enterprises. The market is also segmented on the basis of industries into BFSI, telecommunication and ITES, government and defense, healthcare, travel and hospitality, retail, media and entertainment, education, and others (energy and manufacturing). The market has been segmented on the basis of regions into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.

The report will help the market leaders/new entrants in the following ways:

1. The report segments the biometrics-as-a-service market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different industries and regions.

2. The report will help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.

3. The report will help stakeholders better understand their competitors and gain more insights to enhance their position in the market. The competitive landscape section includes new product launches, partnerships, agreements and collaborations, mergers and acquisitions, and expansions related to the biometrics-as-a-service market

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FEATURED COMPANIES

  • Accenture
  • Bioid
  • Fujitsu
  • Hypr
  • Iritech
  • M2Sys
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Microquadrant Research Methodology
2.3.1 Vendor Inclusion Criteria
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Biometrics-As-A-Service Market
4.2 Biometrics-As-A-Service Market, By Application, 2017-2022
4.3 Biometrics-As-A-Service Market, By Industry And Region
4.4 Biometrics-As-A-Service Market, By Organization Size, 2017-2022
4.5 Lifecycle Analysis, By Region

5 Market Overview And Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Usage of Mobile Devices
5.2.1.2 Increasing Demand for Cost-Effective Solutions to Access Advanced Biometrics Capabilities
5.2.1.3 High Security Threats
5.2.1.4 Increasing Government Initiatives
5.2.2 Restraints
5.2.2.1 Security of Biometric Data Stored On Cloud
5.2.3 Opportunities
5.2.3.1 Growing Demand in Ecommerce
5.2.3.2 Increasing Adoption of Cloud-Based Services
5.2.4 Challenges
5.2.4.1 Integration of Biometrics-As-A-Service Into the Existing Systems
5.2.4.2 Network Dependency to Access Biometrics-As-A-Service Offerings Over the Cloud
5.3 Technology Trends And Standards
5.3.1 Introduction
5.3.2 Standards And Guidelines for the Biometrics-As-A-Service Market
5.3.2.1 Health Insurance Portability And Accountability Act (Hipaa)
5.3.2.2 International Organization for Standardization/International Electrotechnical Commission 27000 Family (Iso/Iec 27000)
5.3.2.3 Payment Card Industry Data Security Standard (Pci-Dss)
5.3.2.4 Federal Information Security Management Act (Fisma)
5.3.2.5 International Organization for Standardization/International Electrotechnical Commission 27018 (Iso/Iec 27018)
5.3.2.6 European Association for Biometrics (Eab)
5.3.2.7 International Biometric Society (Ibs)
5.3.2.8 Fast Identity Online (Fido) Alliance
5.4 Innovation Spotlight
5.5 Industry Use Cases
5.5.1 Biometrics-As-A-Service: Use Cases
5.5.1.1 Use Case #1: Securing Banking Operations
5.5.1.2 Use Case #2: Registration of 1.2 Billion Citizens
5.5.1.3 Use Case #3: Biometrics for Patient Identification
5.5.1.4 Use Case #4: Effective Voter Registration Solution for Improved Accuracy
5.5.1.5 Use Case #5: Biometrics in Jail Management
5.5.1.6 Use Case #6: Enhanced Security Through Palm Vein Biometric Authentication

6 Biometrics-As-A-Service Market Analysis,  By Modality Type
6.1 Introduction
6.2 Unimodal
6.2.1 Fingerprint Scanning
6.2.2 Facial Recognition
6.2.3 Iris Recognition
6.2.4 Voice Recognition
6.2.5 Palm And Vein Recognition
6.2.6 Others
6.3 Multimodal

7 Biometrics-As-A-Service Market Analysis,  By Application
7.1 Introduction
7.2 Mobile Banking, Payments, And Authentication
7.3 Identity Proofing And Credentialing
7.4 Law Enforcement And Border Control
7.5 Civil Identity And Elections
7.6 Workforce Management
7.7 Others

8 Biometrics-As-A-Service Market Analysis,  By Deployment Model
8.1 Introduction
8.2 Public Cloud
8.3 Private Cloud
8.4 Hybrid Cloud

9 Biometrics-As-A-Service Market Analysis,  By Organization Size
9.1 Introduction
9.2 Small And Medium-Sized Enterprises
9.3 Large Enterprises

10 Biometrics-As-A-Service Market Analysis, By Industry
10.1 Introduction
10.2 Banking, Financial Services, And Insurance
10.3 Telecommunication And Ites
10.4 Government And Defense
10.5 Healthcare
10.6 Travel And Hospitality
10.7 Retail
10.8 Media And Entertainment
10.9 Education
10.10 Others

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 Middle East And Africa
11.6 Latin America
 
12 Company Profiles
12.1 Fujitsu
(Overview, Strength of Product Portfolio, Business Strategy Excellence, And Recent Developments)*
12.2 Idemia
12.3 Aware, Inc.
12.4 Leidos
12.5 M2Sys
12.6 Iritech
12.7 Smilepass
12.8 Certibio
12.9 Hypr
12.10 Bioid
12.11 Accenture
12.12 Fulcrum Biometrics
*Details On Overview, Strength of Product Portfolio, Business Strategy Excellence, And Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Subscription Portal
13.4 Introducing Rt: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables
Table 1 United States Dollar Exchange Rate, 2014-2016
Table 2 Evaluation Criteria
Table 3 Global Biometrics-As-A-Service Market: Assumptions
Table 4 Biometrics-As-A-Service Market Size, By Modality Type,  2015-2022 (USD Million)
Table 5 Unimodal: Biometrics-As-A-Service Market Size, By Region,  2015-2022 (USD Million)
Table 6 Unimodal: Biometrics-As-A-Service Market Size, By Type,  2015-2022 (USD Million)
Table 7 Fingerprint Scanning Market Size, By Region, 2015-2022 (USD Million)
Table 8 Facial Recognition Market Size, By Region, 2015-2022 (USD Million)
Table 9 Iris Recognition Market Size, By Region, 2015-2022 (USD Million)
Table 10 Voice Recognition Market Size, By Region, 2015-2022 (USD Million)
Table 11 Palm And Vein Recognition Market Size, By Region, 2015-2022 (USD Million)
Table 12 Other Unimodal Types Market Size, By Region, 2015-2022 (USD Million)
Table 13 Multimodal: Biometrics-As-A-Service Market Size, By Region,  2015-2022 (USD Million)
Table 14 Biometrics-As-A-Service Market Size, By Application, 2015-2022 (USD Million)
Table 15 Mobile Banking, Payments, And Authentication: Biometrics-As-A-Service Market Size, By Region, 2015-2022 (USD Million)
Table 16 Identity Proofing And Credentialing: Biometrics-As-A-Service Market Size,  By Region, 2015-2022 (USD Million)
Table 17 Law Enforcement And Border Control: Biometrics-As-A-Service Market Size, By Region, 2015-2022 (USD Million)
Table 18 Civil Identity And Elections: Biometrics-As-A-Service Market Size, By Region, 2015-2022 (USD Million)
Table 19 Workforce Management: Biometrics-As-A-Service Market Size, By Region,  2015-2022 (USD Million)
Table 20 Others: Biometrics-As-A-Service Market Size, By Region,  2015-2022 (USD Million)
Table 21 Biometrics-As-A-Service Market Size, By Deployment Model,  2015-2022 (USD Million)
Table 22 Public Cloud: Biometrics-As-A-Service Market Size, By Region,  2015-2022 (USD Million)
Table 23 Private Cloud: Biometrics-As-A-Service Market Size, By Region,  2015-2022 (USD Million)
Table 24 Hybrid Cloud: Biometrics-As-A-Service Market Size, By Region,  2015-2022 (USD Million)
Table 25 Biometrics-As-A-Service Market Size, By Organization Size,  2015-2022 (USD Million)
Table 26 Small And Medium-Sized Enterprises: Biometrics-As-A-Service Market Size,  By Region, 2015-2022 (USD Million)
Table 27 Large Enterprises: Biometrics-As-A-Service Market Size, By Region,  2015-2022 (USD Million)
Table 28 Biometrics-As-A-Service Market Size, By Industry, 2015-2022 (USD Million)
Table 29 Banking, Financial Services, And Insurance: Biometrics-As-A-Service Market, By Region, 2015-2022 (USD Million)
Table 30 Telecommunication And Ites: Biometrics-As-A-Service Market Size, By Region, 2015-2022 (USD Million)
Table 31 Government And Defense: Biometrics-As-A-Service Market Size, By Region, 2015-2022 (USD Million)
Table 32 Healthcare: Biometrics-As-A-Service Market Size, By Region,  2015-2022 (USD Million)
Table 33 Travel And Hospitality: Biometrics-As-A-Service Market Size, By Region,  2015-2022 (USD Million)
Table 34 Retail: Biometrics-As-A-Service Market Size, By Region,  2015-2022 (USD Million)
Table 35 Media And Entertainment: Biometrics-As-A-Service Market Size, By Region,  2015-2022 (USD Million)
Table 36 Education: Biometrics-As-A-Service Market Size, By Region,  2015-2022 (USD Million)
Table 37 Others: Biometrics-As-A-Service Market Size, By Region,  2015-2022 (USD Million)
Table 38 Biometrics-As-A-Service Market Size, By Region, 2015-2022 (USD Million)
Table 39 North America: Biometrics-As-A-Service Market Size, By Modality Type,  2015-2022 (USD Million)
Table 40 North America: Biometrics-As-A-Service Market Size, By Unimodal Type,  2015-2022 (USD Million)
Table 41 North America: Biometrics-As-A-Service Market Size, By Application,  2015-2022 (USD Million)
Table 42 North America: Biometrics-As-A-Service Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 43 North America: Biometrics-As-A-Service Market Size, By Organization Size,  2015-2022 (USD Million)
Table 44 North America: Biometrics-As-A-Service Market Size, By Industry,  2015-2022 (USD Million)
Table 45 Europe: Biometrics-As-A-Service Market Size, By Modality Type,  2015-2022 (USD Million)
Table 46 Europe: Biometrics-As-A-Service Market Size, By Unimodal Type,  2015-2022 (USD Million)
Table 47 Europe: Biometrics-As-A-Service Market Size, By Application,  2015-2022 (USD Million)
Table 48 Europe: Biometrics-As-A-Service Market Size, By Deployment Model,  2015-2022 (USD Million)
Table 49 Europe: Biometrics-As-A-Service Market Size, By Organization Size,  2015-2022 (USD Million)
Table 50 Europe: Biometrics-As-A-Service Market Size, By Industry,  2015-2022 (USD Million)
Table 51 Asia Pacific: Biometrics-As-A-Service Market Size, By Modality Type,  2015-2022 (USD Million)
Table 52 Asia Pacific: Biometrics-As-A-Service Market Size, By Unimodal Type,  2015-2022 (USD Million)
Table 53 Asia Pacific: Biometrics-As-A-Service Market Size, By Application,  2015-2022 (USD Million)
Table 54 Asia Pacific: Biometrics-As-A-Service Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 55 Asia Pacific: Biometrics-As-A-Service Market Size, By Organization Size,  2015-2022 (USD Million)
Table 56 Asia Pacific: Biometrics-As-A-Service Market Size, By Industry,  2015-2022 (USD Million)
Table 57 Middle East And Africa: Biometrics-As-A-Service Market Size, By Modality Type, 2015-2022 (USD Million)
Table 58 Middle East And Africa: Biometrics-As-A-Service Market Size, By Unimodal Type, 2015-2022 (USD Million)
Table 59 Middle East And Africa: Biometrics-As-A-Service Market Size, By Application, 2015-2022 (USD Million)
Table 60 Middle East And Africa: Biometrics-As-A-Service Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 61 Middle East And Africa: Biometrics-As-A-Service Market Size, By Organization Size, 2015-2022 (USD Million)
Table 62 Middle East And Africa: Biometrics-As-A-Service Market Size, By Industry, 2015-2022 (USD Million)
Table 63 Latin America: Biometrics-As-A-Service Market Size, By Modality Type,  2015-2022 (USD Million)
Table 64 Latin America: Biometrics-As-A-Service Market Size, By Unimodal Type,  2015-2022 (USD Million)
Table 65 Latin America: Biometrics-As-A-Service Market Size, By Application,  2015-2022 (USD Million)
Table 66 Latin America: Biometrics-As-A-Service Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 67 Latin America: Biometrics-As-A-Service Market Size, By Organization Size,  2015-2022 (USD Million)
Table 68 Latin America: Biometrics-As-A-Service Market Size, By Industry,  2015-2022 (USD Million)

List of Figures
Figure 1 Global Biometrics-As-A-Service Market: Market Segmentation
Figure 2 Biometrics-As-A-Service Market: Research Design
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 North America is Estimated to Hold the Largest Market Share in 2017
Figure 7 Multimodal Segment is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 8 Hybrid Cloud Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Increasing Requirement for Efficient And Cost-Effective Security Capabilities is Expected to Fuel the Growth of the Biometrics-As-A-Service Market
Figure 10 Civil Identity And Elections Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 11 Banking, Financial Services, And Insurance Industry, And North America Are Estimated to Hold the Largest Market Shares in 2017
Figure 12 Small And Medium-Sized Enterprises Segment is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 13 the Biometrics-As-A-Service Market Has Immense Opportunities for Growth in Asia Pacific
Figure 14 Biometrics-As-A-Service Market: Drivers, Restraints, Opportunities, And Challenges
Figure 15 Multimodal Segment is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 16 Iris Recognition Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Civil Identity And Elections Application is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 Hybrid Cloud Deployment Model is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 19 Small And Medium-Sized Enterprises Segment is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 20 Government And Defense Industry is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Regional Snapshot: North America is Expected to Hold the Largest Market Share By 2022
Figure 22 North America: Market Snapshot
Figure 23 Asia Pacific: Market Snapshot
Figure 24 Fujitsu: Company Snapshot
Figure 25 Aware, Inc.: Company Snapshot
Figure 26 Leidos: Company Snapshot
Figure 27 Accenture: Company Snapshot

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  • Accenture
  • Aware, Inc.
  • Bioid
  • Certibio
  • Fujitsu
  • Fulcrum Biometrics
  • Hypr
  • Idemia
  • Iritech
  • Leidos
  • M2Sys
  • Smilepass
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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