Market Overview:
The global biometrics-as-a-service (BaaS) market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based biometric solutions and rising need for security and authentication across different industries. Based on type, the global BaaS market is segmented into unimodal and multimodal biometrics. The unimodal segment dominates the global BaaS market, owing to its low cost and easy implementation as compared to multimodal systems. However, with advancements in technology, multimodal systems are gaining traction due their ability to provide enhanced security features. Based on application, the global BaaS market is segmented into government and defense, financial services, healthcare, law enforcement agencies, human resources departments (HR), and others (education institutions etc.). Among these applications segments, government & defense sector accounts for a major share of the overall BaaS market due to increasing adoption of biometric solutions by various governments worldwide for identity verification purposes. Additionally, growing concerns over data breaches are also fueling demand for biometric solutions in this sector.
 Industry Outlook.svg)
Product Definition:
BaaS is a cloud-based service that provides biometric authentication as a scalable, on-demand service. It enables secure, convenient and cost effective deployment of biometric authentication for web and mobile applications.
Unimodal:
Unimodal biometrics-as-a-service (BaaS) is a new concept that integrates multimodal biometric technologies such as fingerprint, face recognition, voice recognition and iris identification to provide high security authentication services. It helps in providing an enhanced user experience by eliminating the need for additional passwords or tokens.
Multimodal:
Multimodal or multi-modal is a combination of multiple communication channels such as voice, text, data and image used for authentication. It helps in improving the speed and accuracy of identification while reducing the cost significantly. The technology is widely adopted by banks to improve their customer experience. Multimodal biometrics offers high security with reduced frauds which makes it more efficient than traditional methods such as password or tokens.
Application Insights:
The government and defense segment dominated the global market in 2017. The increasing need for authentication solutions to ensure data security across various departments within an organization is a major factor driving the demand. Furthermore, governments around the world are encouraging organizations to adopt biometric technologies as they provide greater security than traditional methods. For instance, in March 2018, France Telecom launched ¢â‚¬Å“Fonctionnalit¢â‚¬ mobile application that enables customers to securely access their accounts by using fingerprint identification technology.
The financial services sector accounted for more than 15% of overall revenue share in 2017 and is expected to grow at a significant rate over the forecast period owing to increased fraud prevention measures taken by banks worldwide including ATM restrictions on multiple transactions and balance inquiries etc.
Regional Analysis:
The North American regional market dominated the global biometrics-as-a-service industry in 2016 and is expected to continue its dominance over the forecast period. The growth can be attributed primarily to factors such as increasing government spending on security infrastructure, growing adoption of cloud technology, and high demand for smartphones. Moreover, presence of a large number of vendors offering advanced biometric solutions based on artificial intelligence (AI) has further driven the regional market growth.
However, Asia Pacific region is anticipated to witness significant growth during the forecast period owing to increasing deployment of BaaS solutions by various governments in order to improve public safety and combat crime & terrorism at a domestic level. Furthermore, rising incidence rate of frauds across several sectors including healthcare & life sciences; government & defense; banking & financial services; education sector coupled with rapidly developing IT sector in countries such as China and India are some other factors driving this regional market’s growth over the next eight years.
Growth Factors:
- Increased demand for convenience and security from consumers
- Proliferation of mobile devices and the Internet of Things (IoT)
- Growing need for authentication and identification in financial services sector
- Rising concerns over data privacy and security breaches
- Increasing demand for biometric-based authentication in government & defense sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Biometrics-as-a-Service (BaaS) Market Research Report
By Type
Unimodal, Multimodal
By Application
Government and Defense, Financial Services, Healthcare, Law Enforcement, Human Resources
By Companies
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)
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 Biometrics-as-a-Service (BaaS) Market Report Segments:
The global Biometrics-as-a-Service (BaaS) market is segmented on the basis of:
Types
Unimodal, Multimodal
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
Government and Defense, Financial Services, Healthcare, Law Enforcement, Human Resources
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:
- 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)
 Market Overview.svg)
Highlights of The Biometrics-as-a-Service (BaaS) 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:
- Unimodal
- Multimodal
- By Application:
- Government and Defense
- Financial Services
- Healthcare
- Law Enforcement
- Human Resources
- 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 Biometrics-as-a-Service (BaaS) 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
Biometrics-as-a-Service (BaaS) is a cloud computing platform that provides access to biometric data, such as facial recognition and fingerprint scanning. This technology can be used to identify individuals in real time, which can be helpful for security purposes. BaaS platforms allow businesses to manage their biometric data more easily and securely than they could on their own.
Some of the major companies in the biometrics-as-a-service (baas) market are 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).
The biometrics-as-a-service (baas) market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biometrics-as-a-Service (BaaS) 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 Biometrics-as-a-Service (BaaS) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biometrics-as-a-Service (BaaS) 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 Biometrics-as-a-Service (BaaS) 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 Biometrics-as-a-Service (BaaS) Market Size & Forecast, 2018-2028
4.5.1 Biometrics-as-a-Service (BaaS) Market Size and Y-o-Y Growth
4.5.2 Biometrics-as-a-Service (BaaS) Market Absolute $ Opportunity
Chapter 5 Global Biometrics-as-a-Service (BaaS) 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 Biometrics-as-a-Service (BaaS) Market Size Forecast by Type
5.2.1 Unimodal
5.2.2 Multimodal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Biometrics-as-a-Service (BaaS) 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 Biometrics-as-a-Service (BaaS) Market Size Forecast by Applications
6.2.1 Government and Defense
6.2.2 Financial Services
6.2.3 Healthcare
6.2.4 Law Enforcement
6.2.5 Human Resources
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biometrics-as-a-Service (BaaS) 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 Biometrics-as-a-Service (BaaS) 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 Biometrics-as-a-Service (BaaS) Analysis and Forecast
9.1 Introduction
9.2 North America Biometrics-as-a-Service (BaaS) 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 Biometrics-as-a-Service (BaaS) Market Size Forecast by Type
9.6.1 Unimodal
9.6.2 Multimodal
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 Biometrics-as-a-Service (BaaS) Market Size Forecast by Applications
9.10.1 Government and Defense
9.10.2 Financial Services
9.10.3 Healthcare
9.10.4 Law Enforcement
9.10.5 Human Resources
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 Biometrics-as-a-Service (BaaS) Analysis and Forecast
10.1 Introduction
10.2 Europe Biometrics-as-a-Service (BaaS) 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 Biometrics-as-a-Service (BaaS) Market Size Forecast by Type
10.6.1 Unimodal
10.6.2 Multimodal
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 Biometrics-as-a-Service (BaaS) Market Size Forecast by Applications
10.10.1 Government and Defense
10.10.2 Financial Services
10.10.3 Healthcare
10.10.4 Law Enforcement
10.10.5 Human Resources
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 Biometrics-as-a-Service (BaaS) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Biometrics-as-a-Service (BaaS) 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 Biometrics-as-a-Service (BaaS) Market Size Forecast by Type
11.6.1 Unimodal
11.6.2 Multimodal
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 Biometrics-as-a-Service (BaaS) Market Size Forecast by Applications
11.10.1 Government and Defense
11.10.2 Financial Services
11.10.3 Healthcare
11.10.4 Law Enforcement
11.10.5 Human Resources
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 Biometrics-as-a-Service (BaaS) Analysis and Forecast
12.1 Introduction
12.2 Latin America Biometrics-as-a-Service (BaaS) 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 Biometrics-as-a-Service (BaaS) Market Size Forecast by Type
12.6.1 Unimodal
12.6.2 Multimodal
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 Biometrics-as-a-Service (BaaS) Market Size Forecast by Applications
12.10.1 Government and Defense
12.10.2 Financial Services
12.10.3 Healthcare
12.10.4 Law Enforcement
12.10.5 Human Resources
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) Biometrics-as-a-Service (BaaS) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Biometrics-as-a-Service (BaaS) 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) Biometrics-as-a-Service (BaaS) Market Size Forecast by Type
13.6.1 Unimodal
13.6.2 Multimodal
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) Biometrics-as-a-Service (BaaS) Market Size Forecast by Applications
13.10.1 Government and Defense
13.10.2 Financial Services
13.10.3 Healthcare
13.10.4 Law Enforcement
13.10.5 Human Resources
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 Biometrics-as-a-Service (BaaS) Market: Competitive Dashboard
14.2 Global Biometrics-as-a-Service (BaaS) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NEC (Japan)
14.3.2 Aware (US)
14.3.3 Fujitsu (Japan)
14.3.4 Nuance (US)
14.3.5 Leidos (US)
14.3.6 Idemia (France)
14.3.7 M2SYS (US)
14.3.8 Smilepass (UK)
14.3.9 Certibio (Brazil)
14.3.10 HYPR (US)
14.3.11 BioID (Germany)
14.3.12 Accenture (Ireland)
14.3.13 Fulcrum Biometrics (US)
14.3.14 Phonexia (US)
