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Global Biometrics as a Service Market 2016-2020

About Biometrics as a Service

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.

Technavio’s analysts forecast the global biometrics as a service market to grow at a CAGR of 17.11% during the period 2016-2020.

Covered in this report

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
  • APAC
  • EMEA
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.

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?


Press Release

Technavio Announces the Publication of its Research Report – Global Biometrics as a Service Market 2016-2020

Technavio recognizes the following companies as the 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.

Commenting on the report, an analyst from Technavio’s team said: “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.

Companies Mentioned

BioID, Fujitsu, ImageWare, IriTech, FingerCheck, Secur-eye, MorphoTrust USA.

  • Executive summary
    • Highlights
  • Scope of the report
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market description
    • Biometrics as a service workflow
      • Table Biometrics as a service workflow
    • Advantages and disadvantages of biometrics
    • Applications of biometrics as a service
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global biometrics as a service market 2015-2020 ($ millions)
  • 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
  • Lifecycle analysis
    • Table Life cycle analysis
  • Market segmentation by end user
    • Segmentation of global biometrics as a service market by end-user
      • Table Segmentation of global biometrics as a service market by end-user 2015
  • Geographical segmentation
    • Global biometrics as a service market by region
      • Table Segmentation of global biometrics as a service market by region 2015-2020
      • Table Segmentation of global biometrics as a service market by region 2015-2020 ($ millions)
  • Buying criteria
    • Table Buying criteria for cloud-based biometrics authentication solutions
  • Market challenges
    • Security and storage issues surrounding biometrics
    • Privacy concerns
    • Vulnerability of biometrics systems
    • Limited availability of cloud-based biometric solutions
  • Market trends
    • Emergence of mobile cloud-based biometrics
    • High adoption of multimodal biometrics
    • Emergence of single sign-on (SSO)
    • High adoption in transportation sector
  • Five forces analysis
    • Table Five forces analysis
  • Key vendor analysis
    • Products offered
    • Vendor matrix
  • Vendor landscape
    • Competitive rating
      • Table Competitive rating
    • Partnerships
    • Other prominent vendors
    • MorphoTrust USA
  • Appendix
    • List of abbreviations
  • Explore Technavio

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