The global biometrics as a service market to grow at a CAGR of 17.11% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global biometrics as a service market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of biometrics as a service, which includes cloud-based biometrics solutions and third-party managed solutions. The report also includes a discussion of the key vendors operating in this market.
The increased implementation of the BYOD policy among enterprises has highlighted the need for cloud-based mobile biometrics. Data security is also gaining prominence with the growing need to access data from mobile devices such as smartphones. Therefore, cloud-based mobile biometrics will be adopted by enterprises and biometrics data in the cloud will be managed by third-party service providers.
According to the report, data security is a key concern for enterprises, government organizations, and individuals. Personal identification numbers (PINs), identity badges, and numeric keypads are the most popular devices used to prevent unauthorized access to sensitive data and assets. The introduction of two-factor authentication allowed access to authorized individuals based on hardware devices and numeric codes. Biometrics solutions were introduced in order to implement advanced security.
Further, the report states that privacy concerns regarding biometrics are gaining prominence with the adoption of various technologies such as fingerprint and palm vein recognition in organizations. Since an individual's biometric features are used to gain access to confidential data and secure premises, these features can be misused by a third party without the consent of the individual.
Other prominent vendors
- MorphoTrust USA
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction - Key market highlights
PART 05: Market description
- Biometrics as a service workflow
- Advantages and disadvantages of biometrics
- Applications of biometrics as a service
PART 06: Market landscape - Market overview - Market size and forecast
PART 07: Key developments
- Need for cloud-based biometrics for time and attendance tracking
- E-voting in government sector
- Emergence of IoT leading to increased deployment of biometrics as a service
- Near field communication (NFC)-based payments: An emerging technology
PART 08: Lifecycle analysis
PART 09: Market segmentation by end user
- Segmentation of global biometrics as a service market by end-user
PART 10: Geographical segmentation - Global biometrics as a service market by region
PART 11: Buying criteria
PART 12: Market challenges - Security and storage issues surrounding biometrics - Privacy concerns - Vulnerability of biometrics systems - Limited availability of cloud-based biometric solutions
PART 13: Market trends
- Emergence of mobile cloud-based biometrics
- High adoption of multimodal biometrics
- Emergence of single sign-on (SSO)
- High adoption in transportation sector
PART 14: Five forces analysis
PART 15: Key vendor analysis
- Products offered
- Vendor matrix
PART 16: Vendor landscape - Competitive rating - Partnerships - Other prominent vendors - MorphoTrust USA