Global Biometrics as a Service Industry

Global Biometrics as a Service Industry

  • February 2020 •
  • 106 pages •
  • Report ID: 5798053 •
  • Format: PDF
Biometrics as a Service market worldwide is projected to grow by US$4.8 Billion, driven by a compounded growth of 27.7%. Unimodal, one of the segments analyzed and sized in this study, displays the potential to grow at over 28.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$3.8 Billion by the year 2025, Unimodal will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 31% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$148.6 Million to the region’s size and clout in the next 5 to 6 years. Over US$220.6 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Unimodal will reach a market size of US$261.2 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 26.5% over the next couple of years and add approximately US$791.2 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others,
  • Accenture PLC
  • Aware, Inc.
  • BioID AG
  • Certibio
  • Fujitsu Ltd.
  • Fulcrum Biometrics LLC
  • HYPR Corp.
  • IriTech, Inc.
  • Leidos, Inc.
  • M2SYS Technology
  • OT-Morpho
  • SmilePass