The growing popularity of e-commerce, cloud based services, and digitalization are propelling the growth of the Biometrics-as-a-Service market.

The global biometrics-as-a-service market is forecast to reach USD 6,291.7 Million by 2028, according to a new report by Reports and Data. Biometric security services are an increasingly popular commercial security option. They provide advantages such as strong security through accurate validation of an organization. This authentication is based on a range of biometric qualities such as facial recognition, fingerprint scans, iris recognition, and vein pattern recognition. Biometric systems are an effective system to secure the public and private offices to keep track of attendance, authentication, access control time, and others. Biometric systems provide more accurate identification, lowering the risks of security breaches. Using such a security system, access is granted only by biological characteristics like iris scans or fingerprints, which are difficult to duplicate. Thus, the system provides more accurate information, which helps with security as well as accountability. Logging activity through a biometric system helps connect employees with specific actions or events that can be referred to in any future case of a security breach.

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Top 10 Companies Operating in the Global Keyword Market:

Leidos Holdings, Inc., Gemalto N.V. (3M Cogent), NEC Corporation, Fujitsu Ltd., ImageWare Systems, Inc., BioEngagable Technologies Pvt. Ltd, Mobbeel Solutions, S.L.L., M2SYS Technology - KernellÓ Inc., SIC Biometrics, Precise Biometrics, BioID AG, IriTech, Inc., IDEMIA France SAS, Aware, Inc., and Fulcrum Biometrics, LLC., among others.

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The global market is further segmented into type and application:

Technology Outlook (Revenue, USD Billion; 2018-2028)

• Facial Recognition
• Fingerprint Recognition
• Voice Recognition
• Palm Recognition
• Iris Recognition
• Others

Component Outlook (Revenue, USD Billion; 2018-2028)

• Solutions
• Services

System Type Outlook (Revenue, USD Billion; 2018-2028)

• Unimodal Biometric Systems
• Multimodal Biometric Systems

Applications Outlook (Revenue, USD Billion; 2018-2028)

• Site Access Control
• Time Recording
• Mobile Application
• Web and Workplace
• Others

Industry Vertical Outlook (Revenue, USD Billion; 2018-2028)

• Government and Defense
• Healthcare and Life Sciences
• Law Enforcement
• Human Resources
• Retail and E-commerce
• IT and Telecommunication
• Banking, Financial services, and Insurance (BFSI)
• Others

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Takeaways of the Competitive Overview Section:

• Overview of the company profiles of each market player
• Industrial chain analysis of each player
• Revenue share contribution
• Sales network and distribution channels and net profits and losses of each company
• Key business growth strategies are undertaken by these players

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