Forecast Report - Global Biometrics as a Service Market Size, Share, Growth & Worldwide, 2016-2020: Hexa Reports

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.

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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

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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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