Global Biometrics-as-a-Service Market to Register Colossal Growth to 2022, Informs M&M in Its News Report Published at MarketPublishers.com26 Oct 2017 • by Natalie Aster
LONDON – Owing to favorable government initiatives and numerous advantages of biometrics technologies, the world’s biometrics-as-a-service market is predicted to keep on growing up to 2022, registering a colossal CAGR of 28.82%. The market is set to exceed USD 2.97 billion by 2022, as compared to USD 839 million in the year 2017. The necessity to storage biometric data on the cloud is amid the top market restraints.
By 2022, the multimodal type of offerings is likely to have the largest market share.
As for applications, the mobile banking, payments, and authentication segment is anticipated to grab the largest market share during 2017-2022.
Regionally, the global market is led by North America. Meantime, the APAC biometrics-as-a-service market is poised to grow at the highest pace from 2017 till 2022.
Research report “Biometrics as a Service Market by Modality Type, Application, Deployment Model, Organization Size, Industry, and Region - Global Forecast to 2022” issued by M&M is an unrivalled source of relevant information on the current situation in the global market for biometrics-as-a-service. The report delves deep into the market historical background, describes the current scenario and covers the ongoing situation in the main regions. Additionally, the report offers a granular overview of the market future prospects and opportunities up till 2022. Besides, the report highlights the market dynamics and focuses on the market growth drivers, challenges, restraints. Moreover, the report provides trustworthy data on the market segmentation, looks into the market competitive environment, reviews the recent product launches and developments, touches upon the recent business activities (partnerships, agreements and collaborations, M&A and expansions) in the biometrics-as-a-service market. There are profiles of 12 dominant companies in this report.
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