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Global Biometrics as a Service Market to Grow at a CAGR of 17.11% During 2016-2020 - BioID, Fujitsu, ImageWare, IriTech


Albany, NY -- (SBWIRE) -- 07/21/2017 -- In 1999, biometrics was introduced as an application to render authentication after identifying and verifying biological and physiological traits such as voice, palm geometry, DNA, gait, fingerprints, facial features, iris, signature, and vein geometry. This technology is reliable, as it cannot be lost or forgotten by an individual.

Verification is a one-to-one matching process that verifies the biometrics traits of an individual against a set template in the database. Identification is a one-to-many matching process wherein the biometrics traits of an individual are matched against all templates in the database to determine an individual's identity.

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.

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Technavio's report, Global Biometrics as a Service Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
- BioID
- Fujitsu
- ImageWare
- IriTech

Other prominent vendors
- FingerCheck
- Secur-eye
- MorphoTrust USA

Market driver
- Need for data security
- For a full, detailed list, view our report

Market challenge
- Privacy concerns
- For a full, detailed list, view our report

Market trend
- Emergence of cloud-based mobile biometrics
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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