According to Market Study Report, Biometric-as-a-Service Market provides a comprehensive analysis of the Biometric-as-a-Service Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.
The global pre-COVID-19 biometric-as-a-service market size to grow from USD 1.5 billion in 2020 to USD 3.7 billion 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 19.7%during 2020–2025.
Top Key Players Profiled in the Biometric-as-a-Service Market:
- NEC (Japan)
- Aware (US)
- Fujitsu (Japan)
- Nuance (US)
- Leidos (US)
- Idemia (France)
- M2SYS (US)
- Smilepass (UK)
- Certibio (Brazil)
- HYPR (US)
- BioID (Germany)
- Accenture (Ireland)
- Fulcrum Biometrics (US)
- Phonexia (US)
“Healthcare application area to grow at the highest rate during the forecast period”
Increasing digital health records and stringent regulatory mandates to manage these records has increased the use of biometrics in the healthcare sector. Additionally, biometrics being increasingly used to monitor the use of prescribed drugs.
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“The unimodal segment to hold a larger market size during the forecast period”
Unimodal solutions are easy to deploy and less complex than multimodal technologies. However, unimodal technologies are more vulnerable to threats, such as spoofing, and are not as reliable as multimodal systems. These systems are therefore deployed in industries where high levels of security and reliability are not required.