Biometrics-as-a-Service facilitates cloud-based identification and authentication for an enterprise to identify an individual through their biological and behavioral characteristics. The technology offers multiple advantages such as easy implementation at any endpoint on the network, accessible from anywhere across the globe and reduced subscription costs. Rise in complex IoT landscape, growing number of cyber-attacks, and increase in demand for cost-efficient biometric solutions among different industry verticals and increase in the adoption of cloud-based biometrics are the factors that mainly drive the biometrics-as-a-service (BaaS) market growth. However, privacy concerns and security issues pertaining to the data stored on the cloud hinder the biometrics- as-a-service market growth. Moreover, advanced technology integrations in cloud-based biometric solutions and growing cloud industry in developing economies are expected to offer lucrative opportunities for the biometrics-as-a-service industry during the forecast period.

INTRODUCTION

EXECUTIVE SUMMARY

MARKET OVERVIEW

GLOBAL BIOMETRICS-AS-A-SERVICE MARKET, BY GLOBAL 

BIOMETRICS-AS-A-SERVICE MARKET, BY MODALITY