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Global Biometrics as a Service Market to Grow at a CAGR of 17.11% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Biometrics as a Service Market 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 02/11/2016 -- Report forecast the global biometrics as a service market to grow at a CAGR of 17.11% during the period 2016 - 2020.

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 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 market is divided into the following segments based on geography:
- Americas

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.

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.

Key players in the Global Biometrics as a Service Market: BioID, Fujitsu, ImageWare and IriTech.

Other Prominent Vendors in the market are: FingerCheck, Secur-eye, and 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?

Spanning over 40 pages "Global Biometrics as a Service Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market description, Market landscape, Key developments, Lifecycle analysis, Market segmentation by end user, Geographical segmentation, Buying criteria, Market challenges, Market trends, Five forces analysis, Key vendor analysis, Vendor landscape, Appendix

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