Biometric-as-a-Service (BaaS) Market Gears Up for a 19.78% CAGR Ride in 2022-27

Market Overview: Global Biometric-as-a-Service (BaaS) Market

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Biometric-as-a-Service (BaaS) Market Insights 2022-27

The Global Biometric-as-a-Service (BaaS) Market is projected to grow at a CAGR of around 19.78% during the forecast period, i.e., 2022-27.

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Top Players in the Biometric-as-a-Service (BaaS) Market:

Thales Group (Gemalto N.V.)
Leidos Holdings, Inc.
Fujitsu Ltd.
NEC Corporation
BioEngagable Technologies Pvt. Ltd
ImageWare Systems, Inc.
M2SYS Technology - KernellÓ Inc.
Mobbeel Solutions, S.L.L.
Aware, Inc.
IDEMIA France SAS
Clearview AI, Inc.
Bayometric
Amazon Inc
Microsoft Corporation
CERTIBIO
Others

Segmentation Analysis of Biometric-as-a-Service (BaaS) Market

Biometric-as-a-Service (BaaS) Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Component

Services
Solutions

Of them all, the Services segment is expected to gain significant momentum in the Global Biometric as a Service (BaaS) Market during 2022-27. With the growing digitalization and increasing use of IoT in industries like manufacturing, agriculture, logistics, banking, etc., there exists a need for these sectors to deploy enhanced security services to help reduce those security breaches which could cause operational losses.

Increasing cyberattacks internet scams across these sectors have contributed extensively to an increasing demand for advanced biometrics solutions services to ensure data security and the smooth functioning of business operations. Government organizations globally have adopted significant initiatives to curb data security losses.

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-By End Users

Banking and Financial Services
Government
IT/ITES
Healthcare
Manufacturing
Energy Utilities
Retail
Others (Transport, Entertainment, etc.)

-By Trait

Physiological
Behavioral

-By Organization Size

Small Medium Enterprises
Large Enterprises

A Comprehensive Geographical Analysis:

-By Region

North America
South America
Europe
Middle East Africa
Asia Pacific

Geographically, among all countries, North America is expecting to portray a noticeable growth in the Biometric as a Service (BaaS) Market during 2022-27. With the increasing technological advancements, cyber-attacks are also rising in the North American region. Besides the prominent financial, tech, telecommunication companies, the government is also actively opting for various cyber security measures. Besides, the Department of Homeland Security in the US also uses biometrics to detect prevent illegal entries, facilitate legitimate travel trade, enforce federal laws, etc.

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