Market Overview:
The global biometric authentication software market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based biometric authentication software and rising adoption of biometric authentication by enterprises. North America is expected to hold the largest share of the global market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific is projected to witness the highest CAGR during the forecast period owing to rising adoption of biometric authentication by businesses in this region.
Product Definition:
A software that uses biological traits such as fingerprints, facial recognition, or voice recognition to authenticate a user's identity. Biometric authentication is important because it is more secure than traditional authentication methods such as usernames and passwords.
On-premise:
On-premise is a term used for software and hardware installation at the organization's premise, in other words, at the client's site. The on-premise implementation of biometric authentication uses dedicated hardware and software installed by the organization to perform specific tasks such as scanning or recognition of an individual’s unique physical characteristics such as a fingerprint. On-premises solutions are implemented by various organizations across different industry verticals to ensure high levels of security within their premises.
Cloud-based:
Cloud-based biometric authentication software is a collection of services that help in storing, managing, and providing access to the biometric data. It helps in maintaining the database of users and their credentials. The service also helps to integrate new users with an existing system easily without any hassles or problems associated with user management.
Application Insights:
The individual application segment accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. This can be attributed to factors such as high usage of smartphones, rising awareness regarding online safety and security, increasing incidences of cyber-attacks & data breaches, etc. Enterprise application is expected to witness a lucrative CAGR during the forecast period owing to factors such as growing IT infrastructure in organizations, growing demand for biometric authentication solutions from government institutions and public sector companies among others. The growth of this segment can also be attributed towards other applications including e-commerce & banking where strong authentication techniques are required due to increased fraud risks involved.
The others segment includes applications that require physical access control or remote computer access control where biometric technologies are used for authentication purposes. Factors such as adoption of cloud-based BFSI services have led financial institutions/banks/Insurers etc.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing government initiatives and regulations for data protection along with rising concerns regarding security. For instance, in India, the IT Act 2000 mandates storage of certain information such as email id, username and password on computer systems that enables access to government computers or networks. This act also provides for criminal penalties against those who fail to comply with these requirements thereby driving adoption of biometric authentication software solutions among organizations operating within the country.
Furthermore, increased penetration of smartphones coupled with growing demand for mobile banking applications has led financial institutions in this region towards deployment of biometric-based digital services which further drives regional market growth. Furthermore, increasing investments by prominent players such as Samsung Electronics Co., Ltd.; Google LLC; Fingerprint Cards India Pvt Ltd.
Growth Factors:
- Increasing demand for secure authentication from government and defense sector
- Growing adoption of biometric authentication by corporates for employee security
- Proliferation of connected devices and the Internet of Things (IoT) is expected to drive the demand for biometric authentication software in the near future
- The increasing use of mobile devices has led to a rise in cases of identity theft, which is expected to boost the demand for biometric authentication software
- Rapid urbanization and growing disposable income are also anticipated to fuel the growth of this market in developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Biometric Authentication Software Market Research Report
By Type
On-premise, Cloud-based
By Application
Individual, Enterprise, Others
By Companies
Imprivata, RSA Security, Crossmatch, Jumio, Accops, AI Secure Biometrics, Authx, IBM, BioID, Cuckoo Tech, Innovatrics, Blink Identity, M2SYS Technology, Daon, Fujitsu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Biometric Authentication Software Market Report Segments:
The global Biometric Authentication Software market is segmented on the basis of:
Types
On-premise, Cloud-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Individual, Enterprise, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Imprivata
- RSA Security
- Crossmatch
- Jumio
- Accops
- AI Secure Biometrics
- Authx
- IBM
- BioID
- Cuckoo Tech
- Innovatrics
- Blink Identity
- M2SYS Technology
- Daon
- Fujitsu
Highlights of The Biometric Authentication Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-premise
- Cloud-based
- By Application:
- Individual
- Enterprise
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biometric Authentication Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Biometric authentication software is a type of security software that uses biometric data to identify or verify the identity of a user. This type of software can be used to secure access to online resources, protect personal information, and confirm the authenticity of documents.
Some of the key players operating in the biometric authentication software market are Imprivata, RSA Security, Crossmatch, Jumio, Accops, AI Secure Biometrics, Authx, IBM, BioID, Cuckoo Tech, Innovatrics, Blink Identity, M2SYS Technology, Daon, Fujitsu.
The biometric authentication software market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biometric Authentication Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Biometric Authentication Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biometric Authentication Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Biometric Authentication Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Biometric Authentication Software Market Size & Forecast, 2018-2028
4.5.1 Biometric Authentication Software Market Size and Y-o-Y Growth
4.5.2 Biometric Authentication Software Market Absolute $ Opportunity
Chapter 5 Global Biometric Authentication Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Biometric Authentication Software Market Size Forecast by Type
5.2.1 On-premise
5.2.2 Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Biometric Authentication Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Biometric Authentication Software Market Size Forecast by Applications
6.2.1 Individual
6.2.2 Enterprise
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biometric Authentication Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biometric Authentication Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Biometric Authentication Software Analysis and Forecast
9.1 Introduction
9.2 North America Biometric Authentication Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Biometric Authentication Software Market Size Forecast by Type
9.6.1 On-premise
9.6.2 Cloud-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Biometric Authentication Software Market Size Forecast by Applications
9.10.1 Individual
9.10.2 Enterprise
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Biometric Authentication Software Analysis and Forecast
10.1 Introduction
10.2 Europe Biometric Authentication Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Biometric Authentication Software Market Size Forecast by Type
10.6.1 On-premise
10.6.2 Cloud-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Biometric Authentication Software Market Size Forecast by Applications
10.10.1 Individual
10.10.2 Enterprise
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Biometric Authentication Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Biometric Authentication Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Biometric Authentication Software Market Size Forecast by Type
11.6.1 On-premise
11.6.2 Cloud-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Biometric Authentication Software Market Size Forecast by Applications
11.10.1 Individual
11.10.2 Enterprise
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Biometric Authentication Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Biometric Authentication Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Biometric Authentication Software Market Size Forecast by Type
12.6.1 On-premise
12.6.2 Cloud-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Biometric Authentication Software Market Size Forecast by Applications
12.10.1 Individual
12.10.2 Enterprise
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Biometric Authentication Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Biometric Authentication Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Biometric Authentication Software Market Size Forecast by Type
13.6.1 On-premise
13.6.2 Cloud-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Biometric Authentication Software Market Size Forecast by Applications
13.10.1 Individual
13.10.2 Enterprise
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biometric Authentication Software Market: Competitive Dashboard
14.2 Global Biometric Authentication Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Imprivata
14.3.2 RSA Security
14.3.3 Crossmatch
14.3.4 Jumio
14.3.5 Accops
14.3.6 AI Secure Biometrics
14.3.7 Authx
14.3.8 IBM
14.3.9 BioID
14.3.10 Cuckoo Tech
14.3.11 Innovatrics
14.3.12 Blink Identity
14.3.13 M2SYS Technology
14.3.14 Daon
14.3.15 Fujitsu
