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Biometric-as-a-Service Market

Biometrics No Longer a USP: Trace the Growth Curve and Insights Strengthening the Adoption Trends of BaaS in the U.S., the UK, Japan, Korea, and other Countries

Biometric-as-a-Service Market by Modality, Deployment Model, Scanner Type & Region - Forecast 2022-2032

A Summary of the Biometric-as-a-Service Market Developments

The global biometric-as-a-service market is projected to register a fast-paced CAGR of 22.4% during the forecast period. The current valuation of the market is US$ 6,040.9 million in 2022. The value of the market is anticipated to reach a high of US$ 45,607.6 million by the year 2032. A historical market valuation of US$ 5,002.0 million has been recorded by the experts of Future Market Insights during the base year.

While there are multiple tangents to the market growth, primary drivers include:

  • Increasing need for biometric systems across diverse organizations to ensure the data is safe.
  • Cost-effectiveness of these systems, which attracts organizations towards the adoption of biometric-as-a-service.
  • There is an industrial requirement for fast and secure registration, which is responsible for the substantial growth of the biometric-as-a-service market.
  • Employee identification can be achieved in the offices with this system and is expected to stir up the demand for biometric-as-a-service.
  • It is identified to be a secure form of entry of codes like passwords, pins, and locks, over traditional forms and is expected to aggravate the growth of the market through 2032.
  • A surge in the use of digital platforms to make transactions possible is anticipated to curate lucrative opportunities for the biometric-as-a-service market.
  • BaaS systems are making allowance for mobile access control, time recording, and web and workspace management easier for emerging business organizations.
  • Advancement of cloud computing technologies and increased storage capacity of clouds for biometric-as-a-service is flourishing the growth of the market.
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Skill Gap Haunts Service Providers and Limits them from Market Penetration into Developing Countries

The market is expected to have healthy growth through the projection period. However, the expert analysts at FMI have revealed that certain aspects, hindering the pace of advancement. The restraining factors identified are as follows:

  • Small industries are unable to adopt this system due to the high initial cost and investment involved, which is expected to impede the growth of the BaaS industry.
  • The lack of skilled personnel for handling the operations of biometric-as-a-service systems is expected to emerge as a key challenge.

New Tangents Open Up for Service Providers to enjoy Multi-directional Growth

Enterprises, especially in the IT industry, have increased their reliance on cloud-based services, which is creating a positive outlook for the market. Both private and government organizations are investing in advanced biometric-as-a-service solutions to curb identity theft and security attacks.

However, the waves of opportunities for the biometric-as-a-service market aren’t just splashing into the IT industry. Biometrics service providers find a revenue pocket for mobile apps as the banking, retail, and healthcare sectors conform to digitalization. Hence, the usage of biometrics to create secured digital wallets and, in turn, virtual transactions is a newfound opportunity.

With multi-directional growth in the scenario, service providers shoulder the responsibility of keeping their BaaS offerings up to date. As a result, their focus has been on developing high-sensitive systems, which can only be accessed through advanced authentication systems. Technologies such as voice and facial recognition, fingerprint scanning, and similar ones are gradually blending in with BaaS.

New opportunities in industries assisted with technological innovation promise a positive outlook for the market during the forecast period.

Report Attribute

Details

Biometric-as-a-Service Market Value (2022)

US$ 6,040.9 million

Biometric-as-a-Service Market Anticipated Value (2032)

US$ 45,607.6 million

Biometric-as-a-Service Projected Growth Rate (2022-2032)

22.4%

Sudip Saha
Sudip Saha
Principal Consultant
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Overview of the Historical BaaS Market Scenario

An approximate US$ 1,038.9 million surge in the total market value is from 2021 to 2022. During 2017-2021, the market registered a CAGR of 20.6%.

One of the key influencers providing new avenues of growth to service providers includes the surge in the usage of smart devices. Besides this, end users no longer only get satisfied with seamless UI/UX experiences. They demand sophistication and security while carrying out digital transactions, making BaaS the new default feature in mobile devices.

The biometric-as-a-service market is witnessing an unprecedented surge in recent years owing to the various technological advancements that include the integration of biometric-as-a-service with tablets, smartphones, laptops, and other IoT devices. This aspect is aiding towards the smooth conduction of business transactions through location-independent and multi-device environments.

While adopting biometrics systems has been growing steadily in developed countries, developing countries are the new haven for service providers trying to breakthrough in the market. Governments across developing economies are creating a favorable environment for enhancing national security, which has contributed to the growth of the biometric-as-a-service market in the past few years.

Comparative Analysis of Adjacent Markets

Biometric-as-a-Service Market:

Differentiating Aspects

Biometric-as-a-Service Market

CAGR

22.4%

Market Valuation in 2022

US$ 6,040.9 Million

Projected Market Value in 2032

US$ 45,607.6 Million

Drivers

  • Surge in the IT sector has resulted in the adoption of BaaS services.
  • Increasing needs across business organizations to ensure that the data is safe and there are no breaches or theft taking place is estimated to fuel the market share of the biometric-as-a-service market.

Unimodal Biometric Market:

Differentiating Aspects

Unimodal Biometric Market

CAGR

13.2%

Market Valuation in 2022

US$ 18,548.98 Million

Projected Market Value in 2032

US$ 64,089.11 Million

Drivers

  • Knowledge-based and possession-based identification schemes is estimated to upscale the adoption of unimodal biometric systems.
  • Rising manufacture of smartphones, tablets, and other smart devices is identified to boost the demand for the unimodal biometric-as-a-service market.

Multimodal Biometric Market:

Differentiating Aspects

Multimodal Biometric Market

CAGR

14.6%

Market Valuation in 2022

US$ 30,019.34 Million

Projected Market Value in 2032

US$ 11,7286 Million

Drivers

  • Rising usage of biometric-as-a-service across the healthcare sector is anticipated to boost the market growth of multi-modal biometric services.
  • High level of convenience and stronger security that allows fraud resistance is anticipated to accrue large shares of multimodal biometric services.
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Category-wise Insights

FMI Peeks into the Influential Segments Prevailing in the BaaS Market

Unimodal Biometric-as-a-Service Systems Tops the Modality Segment

The expert analysts at FMI have identified that the unimodal BaaS systems are going to hold a dominant share in the modality type category. This segment has surpassed the market shares o multimodal systems with 58% shares, whilst the multimodal system upheld 42.0% market shares in the year 2021. This segment is estimated to register a CAGR of 12.0% during the base year. The reasons behind the steady progress of this segment are:

  • The growth of the corporate sector has been highly deploying unimodal biometric systems for registering the entry and exit of employees in the office.
  • Registering a single mode such as fingerprint or voice recognition is estimated to be more convenient than registering multiple modes for the large populace across diver industry sectors.

However, the multimodal biometric systems market is estimated to advance at a CAGR of 13.3% through the forecast period. They are being highly deployed in smartphones and other technologically advanced devices for multi-factor authentication purposes, which gives an edge over conventional unimodal systems.

Users prefer to Tap their Fingerprint to Secure their Systems

The fingerprint segment by the scanner type category is estimated to account for the largest market share through the forecast period, surpassing the valuation of voice recognition, palm recognition, iris recognition, and facial recognition. This segment is estimated to progress at a fast pace, registering a CAGR of 14.5% through 2032. The market valuation is estimated to surpass US$ 18.52 Billion by the end of the projection period. The factors contributing to the growth of this segment are:

  • They are non-transferrable in nature as each person has a unique fingerprint that cannot be easily copied.
  • With the risk of duplicated or stolen keys, fingerprint authentications are gaining rapid traction across government sectors and are estimated to propel further through 2032.

Country-wise Insights

Advent of Innovative Technologies in the Market Across Diverse Countries

Country/Region United States
Statistics

North America is projected to hold the highest share in the biometric-as-a-service market through the projection period. This region accounted for a 32.9% market share during the base year. The U.S has emerged as the most lucrative country in the concerned region.

Historical CAGR: 15.1%

Growth Propellants

Reasons accelerating the growth of BaaS services in the U.S are:

  • Faster adoption of innovative technologies across the U.S. is fueling the demand for biometric-as-a-service.
  • This country is the primary North American market for key market players like IBM, Amazon, and others, and is expecto boost the market growth in the coming years.
Country/Region Europe
Statistics

Europe is anticipated to emerge as the second largest region in the biometric-as-a-service market with a 20.7% market share during 2021.

The forum is advancing at a CAGR of 16.4% and Germany has emerged as the leading country in the base year.

Growth Propellants

Factors fueling the growth of the market are:

  • The growth of the military and law enforcement sector in the country is fueling the adoption of biometric-as-a-service systems in this region.
  • The widespread adoption of facial recognition in the healthcare and banking sector across Europe is triggering the demand for BaaS systems.
Country/Region Japan
Statistics

Japan has emerged as the leading country across the Asia-Pacific region with an 18.6% market share during the base year.

The biometric-as-a-service market in Japan is estimated to advance at a substantial pace, recording a CAGR of 20.4% through the forecast period. 

Growth Propellants

Reasons owing to the growth of the market are:

  • Rise in the adoption of digital payments across the Adia-Pacific region is expected to drive the growth of the market in Japan.
  • The presence of a large number of biometric providers and technological advancements is estimated to boost the BaaS market growth.
Country/Region Korea
Statistics Korea is expected to advance at a rapid pace, recording a CAGR of 14.2% through the forecast period.
Growth Propellants

Prevailing elements responsible for market growth are:

  • Government grants and favorable initiatives for better security are fostering the growth of the BaaS market across Korea.
  • Expansion of the IT sector is surging the adoption of biometric-as-a-service in this country.

Start-up Ecosystem

New Entrants Add an Edge to the Market Dynamics of BaaS Systems

The new entrants in the biometric-as-a-service market are leveraging advancements in technology to launch new products and gain a competitive advantage. These firms are continually investing in research and development activities to keep themselves in tandem with the changing consumer preferences and end-use industry demands. Efforts are being made to strengthen their foothold in the forum and aid the further progression of the biometric-as-a-service market.

  • Pindrop Security – U.S.-based Start-up

Funding: 223 Million

Pindrop Security is a phone fraud prevention solutions provider. It helps detect, report and mitigate phone fraud by identifying key attributes of any phone call including the device used (based on audio analysis), ID, call path, and geographic point of origin. The features include voice reports, multi-factor caller authentication, etc. The clients include AXIOS, Forbes, FORTUNE, etc.

  • BioCatch – Israel-based Start-up

Funding: 216 Million

AI-based biometric behavioral detection for transaction monitoring. It provides Account Opening Protection for identifying digital behaviors, Account Takeover Protection for detecting behavioral anomalies, Social Engineering Scam Detection for identifying fraudulent behavior on money transfers, and more. Users can integrate the tools with websites and mobile-based platforms.

  • D-ID – Israel-based Start-up

Funding: 48 Million

Cloud and AI-based platforms offer security solutions to protect biometric databases. Its proprietary algorithm resynthesizes photos to a protected version proprietary algorithm combined with advanced image processing and deep learning technique. The solution is available as SaaS and on-premise.

Competitive Landscape

Attempts of Biggies to revolutionize the BaaS Market

The BaaS market is fragmented and the key players are deploying organic and inorganic growth strategies to compete in the market. The biggies are heavily investing in research and development activities to make technological advances in biometric systems for easing the job of the growing corporate sector and advanced security to all the data.

Trust Stamp, a North American company offer AI-based biometric identity and KYC solutions that enable business organizations to protect their users with the help of AI-powered identity solutions developed with the intersection of privacy, cybersecurity, and biometrics. It transforms sensitive data to maximize both its utility and privacy, allowing businesses to adopt biometrics and other anti-fraud initiatives while protecting personal information from hacks and leaks.

It is identified that financial institutes are also focusing on adopting biometric solutions to provide better customer experiences.

Recent Developments

  • In June 2022, Suprema Inc., a global provider of access control, time & attendance, and biometrics solutions, launched its latest fingerprint biometric scanner with secunet biometric middleware for biometric border control infrastructure
  • In January 2021, IDEMIA entered into a partnership with BAXE and Haventec. The move helped BAXE securely store and manage digital identities using its biometric authentication solution.
  • In March 2020, NEC Corporation, a technology integrator of advanced IT, networking, communications, and multimodal biometric solutions developed a touchless multimodal biometric authentication terminal incorporating face and biometric iris technologies.

Key companies proliferating in the market are:

  • Fujitsu
  • Bio ID
  • HYPR (US)
  • Aware, Inc.
  • OT-Morph
  • M2SYS (US)
  • SUPREMA Leidos
  • Image Ware Systems
  • CERTIFY GLOBAL
  • Polygon Innovation
  • Iri Tech
  • Sky Biometry
  • Right Patient
  • VoiceIt Technologies Athena Sciences Corporation
  • Smile Pass
  • BYTES TECHNOLOGY GROUP-Bytes SI
  • Fulcrum Biometrics
  • SecurAX, Accenture
  • Aim Brain
  • Certibio
  • Speech Pro (U.S.).

Key Segments in the Biometric-as-a-Service Market

By Modality :

  • Unimodal
  • Multimodal

By Deployment Model :

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Scanner Type :

  • Fingerprint recognition
  • Voice Recognition
  • Iris Recognition
  • Palm Recognition
  • Facial Recognition

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

Frequently Asked Questions

The growth outlook for the biometric-as-a-service market is predicted to advance at a CAGR of 22.4% during the forecast period.

The North American region is anticipated to lead the market.

The valuation of the biometric-as-a-service market stands at US$ 6,040.9 million in 2022.

The biometric-as-a-service market is likely to hold a valuation of US$ 45,607.6 million by 2032.

The IT industry sector is the key driver in the market.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Component

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) Analysis By Component, 2017-2021

    5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Component, 2022-2032

        5.3.1. Services

        5.3.2. Software

    5.4. Y-o-Y Growth Trend Analysis By Component, 2017-2021

    5.5. Absolute $ Opportunity Analysis By Component, 2022-2032

6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Application

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Mn) Analysis By Application, 2017-2021

    6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Application, 2022-2032

        6.3.1. Mobile Banking

        6.3.2. Payments

        6.3.3. Authentication

        6.3.4. Workforce Management

        6.3.5. Law Enforcement and Border Control

        6.3.6. Civil Identity and Elections

        6.3.7. Others

    6.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021

    6.5. Absolute $ Opportunity Analysis By Application, 2022-2032

7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Mn) Analysis By Type , 2017-2021

    7.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Type , 2022-2032

        7.3.1. Unimodal

        7.3.2. Multimodal

    7.4. Y-o-Y Growth Trend Analysis By Type , 2017-2021

    7.5. Absolute $ Opportunity Analysis By Type , 2022-2032

8. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021

    8.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. South Asia

        8.3.5. East Asia

        8.3.6. Oceania

        8.3.7. MEA

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        9.2.1. By Country

            9.2.1.1. U.S.

            9.2.1.2. Canada

        9.2.2. By Component

        9.2.3. By Application

        9.2.4. By Type

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Component

        9.3.3. By Application

        9.3.4. By Type

    9.4. Key Takeaways

10. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Component

        10.2.3. By Application

        10.2.4. By Type

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Component

        10.3.3. By Application

        10.3.4. By Type

    10.4. Key Takeaways

11. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. U.K.

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Europe

        11.2.2. By Component

        11.2.3. By Application

        11.2.4. By Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Component

        11.3.3. By Application

        11.3.4. By Type

    11.4. Key Takeaways

12. South Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Malaysia

            12.2.1.3. Singapore

            12.2.1.4. Thailand

            12.2.1.5. Rest of South Asia

        12.2.2. By Component

        12.2.3. By Application

        12.2.4. By Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Component

        12.3.3. By Application

        12.3.4. By Type

    12.4. Key Takeaways

13. East Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    13.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    13.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Component

        13.2.3. By Application

        13.2.4. By Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Component

        13.3.3. By Application

        13.3.4. By Type

    13.4. Key Takeaways

14. Oceania Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    14.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    14.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        14.2.1. By Country

            14.2.1.1. Australia

            14.2.1.2. New Zealand

        14.2.2. By Component

        14.2.3. By Application

        14.2.4. By Type

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Component

        14.3.3. By Application

        14.3.4. By Type

    14.4. Key Takeaways

15. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    15.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    15.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        15.2.1. By Country

            15.2.1.1. GCC Countries

            15.2.1.2. South Africa

            15.2.1.3. Israel

            15.2.1.4. Rest of MEA

        15.2.2. By Component

        15.2.3. By Application

        15.2.4. By Type

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Component

        15.3.3. By Application

        15.3.4. By Type

    15.4. Key Takeaways

16. Key Countries Market Analysis

    16.1. U.S.

        16.1.1. Pricing Analysis

        16.1.2. Market Share Analysis, 2021

            16.1.2.1. By Component

            16.1.2.2. By Application

            16.1.2.3. By Type

    16.2. Canada

        16.2.1. Pricing Analysis

        16.2.2. Market Share Analysis, 2021

            16.2.2.1. By Component

            16.2.2.2. By Application

            16.2.2.3. By Type

    16.3. Brazil

        16.3.1. Pricing Analysis

        16.3.2. Market Share Analysis, 2021

            16.3.2.1. By Component

            16.3.2.2. By Application

            16.3.2.3. By Type

    16.4. Mexico

        16.4.1. Pricing Analysis

        16.4.2. Market Share Analysis, 2021

            16.4.2.1. By Component

            16.4.2.2. By Application

            16.4.2.3. By Type

    16.5. Germany

        16.5.1. Pricing Analysis

        16.5.2. Market Share Analysis, 2021

            16.5.2.1. By Component

            16.5.2.2. By Application

            16.5.2.3. By Type

    16.6. U.K.

        16.6.1. Pricing Analysis

        16.6.2. Market Share Analysis, 2021

            16.6.2.1. By Component

            16.6.2.2. By Application

            16.6.2.3. By Type

    16.7. France

        16.7.1. Pricing Analysis

        16.7.2. Market Share Analysis, 2021

            16.7.2.1. By Component

            16.7.2.2. By Application

            16.7.2.3. By Type

    16.8. Spain

        16.8.1. Pricing Analysis

        16.8.2. Market Share Analysis, 2021

            16.8.2.1. By Component

            16.8.2.2. By Application

            16.8.2.3. By Type

    16.9. Italy

        16.9.1. Pricing Analysis

        16.9.2. Market Share Analysis, 2021

            16.9.2.1. By Component

            16.9.2.2. By Application

            16.9.2.3. By Type

    16.10. India

        16.10.1. Pricing Analysis

        16.10.2. Market Share Analysis, 2021

            16.10.2.1. By Component

            16.10.2.2. By Application

            16.10.2.3. By Type

    16.11. Malaysia

        16.11.1. Pricing Analysis

        16.11.2. Market Share Analysis, 2021

            16.11.2.1. By Component

            16.11.2.2. By Application

            16.11.2.3. By Type

    16.12. Singapore

        16.12.1. Pricing Analysis

        16.12.2. Market Share Analysis, 2021

            16.12.2.1. By Component

            16.12.2.2. By Application

            16.12.2.3. By Type

    16.13. Thailand

        16.13.1. Pricing Analysis

        16.13.2. Market Share Analysis, 2021

            16.13.2.1. By Component

            16.13.2.2. By Application

            16.13.2.3. By Type

    16.14. China

        16.14.1. Pricing Analysis

        16.14.2. Market Share Analysis, 2021

            16.14.2.1. By Component

            16.14.2.2. By Application

            16.14.2.3. By Type

    16.15. Japan

        16.15.1. Pricing Analysis

        16.15.2. Market Share Analysis, 2021

            16.15.2.1. By Component

            16.15.2.2. By Application

            16.15.2.3. By Type

    16.16. South Korea

        16.16.1. Pricing Analysis

        16.16.2. Market Share Analysis, 2021

            16.16.2.1. By Component

            16.16.2.2. By Application

            16.16.2.3. By Type

    16.17. Australia

        16.17.1. Pricing Analysis

        16.17.2. Market Share Analysis, 2021

            16.17.2.1. By Component

            16.17.2.2. By Application

            16.17.2.3. By Type

    16.18. New Zealand

        16.18.1. Pricing Analysis

        16.18.2. Market Share Analysis, 2021

            16.18.2.1. By Component

            16.18.2.2. By Application

            16.18.2.3. By Type

    16.19. GCC Countries

        16.19.1. Pricing Analysis

        16.19.2. Market Share Analysis, 2021

            16.19.2.1. By Component

            16.19.2.2. By Application

            16.19.2.3. By Type

    16.20. South Africa

        16.20.1. Pricing Analysis

        16.20.2. Market Share Analysis, 2021

            16.20.2.1. By Component

            16.20.2.2. By Application

            16.20.2.3. By Type

    16.21. Israel

        16.21.1. Pricing Analysis

        16.21.2. Market Share Analysis, 2021

            16.21.2.1. By Component

            16.21.2.2. By Application

            16.21.2.3. By Type

17. Market Structure Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Market Share Analysis of Top Players

        17.3.1. By Regional

        17.3.2. By Component

        17.3.3. By Application

        17.3.4. By Type

18. Competition Analysis

    18.1. Competition Deep Dive

        18.1.1. Fujitsu

            18.1.1.1. Overview

            18.1.1.2. Product Portfolio

            18.1.1.3. Profitability by Market Segments

            18.1.1.4. Sales Footprint

            18.1.1.5. Strategy Overview

                18.1.1.5.1. Marketing Strategy

        18.1.2. HYPR (US)

            18.1.2.1. Overview

            18.1.2.2. Product Portfolio

            18.1.2.3. Profitability by Market Segments

            18.1.2.4. Sales Footprint

            18.1.2.5. Strategy Overview

                18.1.2.5.1. Marketing Strategy

        18.1.3. OT-Morpho

            18.1.3.1. Overview

            18.1.3.2. Product Portfolio

            18.1.3.3. Profitability by Market Segments

            18.1.3.4. Sales Footprint

            18.1.3.5. Strategy Overview

                18.1.3.5.1. Marketing Strategy

        18.1.4. M2SYS (US)

            18.1.4.1. Overview

            18.1.4.2. Product Portfolio

            18.1.4.3. Profitability by Market Segments

            18.1.4.4. Sales Footprint

            18.1.4.5. Strategy Overview

                18.1.4.5.1. Marketing Strategy

        18.1.5. SUPREMA Leidos (US)

            18.1.5.1. Overview

            18.1.5.2. Product Portfolio

            18.1.5.3. Profitability by Market Segments

            18.1.5.4. Sales Footprint

            18.1.5.5. Strategy Overview

                18.1.5.5.1. Marketing Strategy

        18.1.6. Image Ware Systems

            18.1.6.1. Overview

            18.1.6.2. Product Portfolio

            18.1.6.3. Profitability by Market Segments

            18.1.6.4. Sales Footprint

            18.1.6.5. Strategy Overview

                18.1.6.5.1. Marketing Strategy

        18.1.7. CERTIFY GLOBAL

            18.1.7.1. Overview

            18.1.7.2. Product Portfolio

            18.1.7.3. Profitability by Market Segments

            18.1.7.4. Sales Footprint

            18.1.7.5. Strategy Overview

                18.1.7.5.1. Marketing Strategy

        18.1.8. Polygon Innovation

            18.1.8.1. Overview

            18.1.8.2. Product Portfolio

            18.1.8.3. Profitability by Market Segments

            18.1.8.4. Sales Footprint

            18.1.8.5. Strategy Overview

                18.1.8.5.1. Marketing Strategy

        18.1.9. Sky Biometry

            18.1.9.1. Overview

            18.1.9.2. Product Portfolio

            18.1.9.3. Profitability by Market Segments

            18.1.9.4. Sales Footprint

            18.1.9.5. Strategy Overview

                18.1.9.5.1. Marketing Strategy

        18.1.10. Right Patient

            18.1.10.1. Overview

            18.1.10.2. Product Portfolio

            18.1.10.3. Profitability by Market Segments

            18.1.10.4. Sales Footprint

            18.1.10.5. Strategy Overview

                18.1.10.5.1. Marketing Strategy

        18.1.11. VoiceIt Technologies

            18.1.11.1. Overview

            18.1.11.2. Product Portfolio

            18.1.11.3. Profitability by Market Segments

            18.1.11.4. Sales Footprint

            18.1.11.5. Strategy Overview

                18.1.11.5.1. Marketing Strategy

        18.1.12. Smile Pass Athena Sciences Corporation

            18.1.12.1. Overview

            18.1.12.2. Product Portfolio

            18.1.12.3. Profitability by Market Segments

            18.1.12.4. Sales Footprint

            18.1.12.5. Strategy Overview

                18.1.12.5.1. Marketing Strategy

        18.1.13. BYTES TECHNOLOGY GROUP-Bytes SI

            18.1.13.1. Overview

            18.1.13.2. Product Portfolio

            18.1.13.3. Profitability by Market Segments

            18.1.13.4. Sales Footprint

            18.1.13.5. Strategy Overview

                18.1.13.5.1. Marketing Strategy

        18.1.14. Fulcrum Biometrics

            18.1.14.1. Overview

            18.1.14.2. Product Portfolio

            18.1.14.3. Profitability by Market Segments

            18.1.14.4. Sales Footprint

            18.1.14.5. Strategy Overview

                18.1.14.5.1. Marketing Strategy

        18.1.15. Accenture

            18.1.15.1. Overview

            18.1.15.2. Product Portfolio

            18.1.15.3. Profitability by Market Segments

            18.1.15.4. Sales Footprint

            18.1.15.5. Strategy Overview

                18.1.15.5.1. Marketing Strategy

        18.1.16. SpeechPro (U.S.).

            18.1.16.1. Overview

            18.1.16.2. Product Portfolio

            18.1.16.3. Profitability by Market Segments

            18.1.16.4. Sales Footprint

            18.1.16.5. Strategy Overview

                18.1.16.5.1. Marketing Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Mn) Forecast by Region, 2017-2032

Table 2: Global Market Value (US$ Mn) Forecast by Component, 2017-2032

Table 3: Global Market Value (US$ Mn) Forecast by Application, 2017-2032

Table 4: Global Market Value (US$ Mn) Forecast by Type , 2017-2032

Table 5: North America Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 6: North America Market Value (US$ Mn) Forecast by Component, 2017-2032

Table 7: North America Market Value (US$ Mn) Forecast by Application, 2017-2032

Table 8: North America Market Value (US$ Mn) Forecast by Type , 2017-2032

Table 9: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 10: Latin America Market Value (US$ Mn) Forecast by Component, 2017-2032

Table 11: Latin America Market Value (US$ Mn) Forecast by Application, 2017-2032

Table 12: Latin America Market Value (US$ Mn) Forecast by Type , 2017-2032

Table 13: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 14: Europe Market Value (US$ Mn) Forecast by Component, 2017-2032

Table 15: Europe Market Value (US$ Mn) Forecast by Application, 2017-2032

Table 16: Europe Market Value (US$ Mn) Forecast by Type , 2017-2032

Table 17: South Asia Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 18: South Asia Market Value (US$ Mn) Forecast by Component, 2017-2032

Table 19: South Asia Market Value (US$ Mn) Forecast by Application, 2017-2032

Table 20: South Asia Market Value (US$ Mn) Forecast by Type , 2017-2032

Table 21: East Asia Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 22: East Asia Market Value (US$ Mn) Forecast by Component, 2017-2032

Table 23: East Asia Market Value (US$ Mn) Forecast by Application, 2017-2032

Table 24: East Asia Market Value (US$ Mn) Forecast by Type , 2017-2032

Table 25: Oceania Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 26: Oceania Market Value (US$ Mn) Forecast by Component, 2017-2032

Table 27: Oceania Market Value (US$ Mn) Forecast by Application, 2017-2032

Table 28: Oceania Market Value (US$ Mn) Forecast by Type , 2017-2032

Table 29: MEA Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 30: MEA Market Value (US$ Mn) Forecast by Component, 2017-2032

Table 31: MEA Market Value (US$ Mn) Forecast by Application, 2017-2032

Table 32: MEA Market Value (US$ Mn) Forecast by Type , 2017-2032

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List of Charts

Figure 1: Global Market Value (US$ Mn) by Component, 2022-2032

Figure 2: Global Market Value (US$ Mn) by Application, 2022-2032

Figure 3: Global Market Value (US$ Mn) by Type , 2022-2032

Figure 4: Global Market Value (US$ Mn) by Region, 2022-2032

Figure 5: Global Market Value (US$ Mn) Analysis by Region, 2017-2032

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032

Figure 8: Global Market Value (US$ Mn) Analysis by Component, 2017-2032

Figure 9: Global Market Value Share (%) and BPS Analysis by Component, 2022-2032

Figure 10: Global Market Y-o-Y Growth (%) Projections by Component, 2022-2032

Figure 11: Global Market Value (US$ Mn) Analysis by Application, 2017-2032

Figure 12: Global Market Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 13: Global Market Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 14: Global Market Value (US$ Mn) Analysis by Type , 2017-2032

Figure 15: Global Market Value Share (%) and BPS Analysis by Type , 2022-2032

Figure 16: Global Market Y-o-Y Growth (%) Projections by Type , 2022-2032

Figure 17: Global Market Attractiveness by Component, 2022-2032

Figure 18: Global Market Attractiveness by Application, 2022-2032

Figure 19: Global Market Attractiveness by Type , 2022-2032

Figure 20: Global Market Attractiveness by Region, 2022-2032

Figure 21: North America Market Value (US$ Mn) by Component, 2022-2032

Figure 22: North America Market Value (US$ Mn) by Application, 2022-2032

Figure 23: North America Market Value (US$ Mn) by Type , 2022-2032

Figure 24: North America Market Value (US$ Mn) by Country, 2022-2032

Figure 25: North America Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 28: North America Market Value (US$ Mn) Analysis by Component, 2017-2032

Figure 29: North America Market Value Share (%) and BPS Analysis by Component, 2022-2032

Figure 30: North America Market Y-o-Y Growth (%) Projections by Component, 2022-2032

Figure 31: North America Market Value (US$ Mn) Analysis by Application, 2017-2032

Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 34: North America Market Value (US$ Mn) Analysis by Type , 2017-2032

Figure 35: North America Market Value Share (%) and BPS Analysis by Type , 2022-2032

Figure 36: North America Market Y-o-Y Growth (%) Projections by Type , 2022-2032

Figure 37: North America Market Attractiveness by Component, 2022-2032

Figure 38: North America Market Attractiveness by Application, 2022-2032

Figure 39: North America Market Attractiveness by Type , 2022-2032

Figure 40: North America Market Attractiveness by Country, 2022-2032

Figure 41: Latin America Market Value (US$ Mn) by Component, 2022-2032

Figure 42: Latin America Market Value (US$ Mn) by Application, 2022-2032

Figure 43: Latin America Market Value (US$ Mn) by Type , 2022-2032

Figure 44: Latin America Market Value (US$ Mn) by Country, 2022-2032

Figure 45: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 48: Latin America Market Value (US$ Mn) Analysis by Component, 2017-2032

Figure 49: Latin America Market Value Share (%) and BPS Analysis by Component, 2022-2032

Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Component, 2022-2032

Figure 51: Latin America Market Value (US$ Mn) Analysis by Application, 2017-2032

Figure 52: Latin America Market Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 54: Latin America Market Value (US$ Mn) Analysis by Type , 2017-2032

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Type , 2022-2032

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Type , 2022-2032

Figure 57: Latin America Market Attractiveness by Component, 2022-2032

Figure 58: Latin America Market Attractiveness by Application, 2022-2032

Figure 59: Latin America Market Attractiveness by Type , 2022-2032

Figure 60: Latin America Market Attractiveness by Country, 2022-2032

Figure 61: Europe Market Value (US$ Mn) by Component, 2022-2032

Figure 62: Europe Market Value (US$ Mn) by Application, 2022-2032

Figure 63: Europe Market Value (US$ Mn) by Type , 2022-2032

Figure 64: Europe Market Value (US$ Mn) by Country, 2022-2032

Figure 65: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 68: Europe Market Value (US$ Mn) Analysis by Component, 2017-2032

Figure 69: Europe Market Value Share (%) and BPS Analysis by Component, 2022-2032

Figure 70: Europe Market Y-o-Y Growth (%) Projections by Component, 2022-2032

Figure 71: Europe Market Value (US$ Mn) Analysis by Application, 2017-2032

Figure 72: Europe Market Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 73: Europe Market Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 74: Europe Market Value (US$ Mn) Analysis by Type , 2017-2032

Figure 75: Europe Market Value Share (%) and BPS Analysis by Type , 2022-2032

Figure 76: Europe Market Y-o-Y Growth (%) Projections by Type , 2022-2032

Figure 77: Europe Market Attractiveness by Component, 2022-2032

Figure 78: Europe Market Attractiveness by Application, 2022-2032

Figure 79: Europe Market Attractiveness by Type , 2022-2032

Figure 80: Europe Market Attractiveness by Country, 2022-2032

Figure 81: South Asia Market Value (US$ Mn) by Component, 2022-2032

Figure 82: South Asia Market Value (US$ Mn) by Application, 2022-2032

Figure 83: South Asia Market Value (US$ Mn) by Type , 2022-2032

Figure 84: South Asia Market Value (US$ Mn) by Country, 2022-2032

Figure 85: South Asia Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 86: South Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 87: South Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 88: South Asia Market Value (US$ Mn) Analysis by Component, 2017-2032

Figure 89: South Asia Market Value Share (%) and BPS Analysis by Component, 2022-2032

Figure 90: South Asia Market Y-o-Y Growth (%) Projections by Component, 2022-2032

Figure 91: South Asia Market Value (US$ Mn) Analysis by Application, 2017-2032

Figure 92: South Asia Market Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 93: South Asia Market Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 94: South Asia Market Value (US$ Mn) Analysis by Type , 2017-2032

Figure 95: South Asia Market Value Share (%) and BPS Analysis by Type , 2022-2032

Figure 96: South Asia Market Y-o-Y Growth (%) Projections by Type , 2022-2032

Figure 97: South Asia Market Attractiveness by Component, 2022-2032

Figure 98: South Asia Market Attractiveness by Application, 2022-2032

Figure 99: South Asia Market Attractiveness by Type , 2022-2032

Figure 100: South Asia Market Attractiveness by Country, 2022-2032

Figure 101: East Asia Market Value (US$ Mn) by Component, 2022-2032

Figure 102: East Asia Market Value (US$ Mn) by Application, 2022-2032

Figure 103: East Asia Market Value (US$ Mn) by Type , 2022-2032

Figure 104: East Asia Market Value (US$ Mn) by Country, 2022-2032

Figure 105: East Asia Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 106: East Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 107: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 108: East Asia Market Value (US$ Mn) Analysis by Component, 2017-2032

Figure 109: East Asia Market Value Share (%) and BPS Analysis by Component, 2022-2032

Figure 110: East Asia Market Y-o-Y Growth (%) Projections by Component, 2022-2032

Figure 111: East Asia Market Value (US$ Mn) Analysis by Application, 2017-2032

Figure 112: East Asia Market Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 113: East Asia Market Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 114: East Asia Market Value (US$ Mn) Analysis by Type , 2017-2032

Figure 115: East Asia Market Value Share (%) and BPS Analysis by Type , 2022-2032

Figure 116: East Asia Market Y-o-Y Growth (%) Projections by Type , 2022-2032

Figure 117: East Asia Market Attractiveness by Component, 2022-2032

Figure 118: East Asia Market Attractiveness by Application, 2022-2032

Figure 119: East Asia Market Attractiveness by Type , 2022-2032

Figure 120: East Asia Market Attractiveness by Country, 2022-2032

Figure 121: Oceania Market Value (US$ Mn) by Component, 2022-2032

Figure 122: Oceania Market Value (US$ Mn) by Application, 2022-2032

Figure 123: Oceania Market Value (US$ Mn) by Type , 2022-2032

Figure 124: Oceania Market Value (US$ Mn) by Country, 2022-2032

Figure 125: Oceania Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 126: Oceania Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 127: Oceania Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 128: Oceania Market Value (US$ Mn) Analysis by Component, 2017-2032

Figure 129: Oceania Market Value Share (%) and BPS Analysis by Component, 2022-2032

Figure 130: Oceania Market Y-o-Y Growth (%) Projections by Component, 2022-2032

Figure 131: Oceania Market Value (US$ Mn) Analysis by Application, 2017-2032

Figure 132: Oceania Market Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 133: Oceania Market Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 134: Oceania Market Value (US$ Mn) Analysis by Type , 2017-2032

Figure 135: Oceania Market Value Share (%) and BPS Analysis by Type , 2022-2032

Figure 136: Oceania Market Y-o-Y Growth (%) Projections by Type , 2022-2032

Figure 137: Oceania Market Attractiveness by Component, 2022-2032

Figure 138: Oceania Market Attractiveness by Application, 2022-2032

Figure 139: Oceania Market Attractiveness by Type , 2022-2032

Figure 140: Oceania Market Attractiveness by Country, 2022-2032

Figure 141: MEA Market Value (US$ Mn) by Component, 2022-2032

Figure 142: MEA Market Value (US$ Mn) by Application, 2022-2032

Figure 143: MEA Market Value (US$ Mn) by Type , 2022-2032

Figure 144: MEA Market Value (US$ Mn) by Country, 2022-2032

Figure 145: MEA Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 146: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 147: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 148: MEA Market Value (US$ Mn) Analysis by Component, 2017-2032

Figure 149: MEA Market Value Share (%) and BPS Analysis by Component, 2022-2032

Figure 150: MEA Market Y-o-Y Growth (%) Projections by Component, 2022-2032

Figure 151: MEA Market Value (US$ Mn) Analysis by Application, 2017-2032

Figure 152: MEA Market Value Share (%) and BPS Analysis by Application, 2022-2032

Figure 153: MEA Market Y-o-Y Growth (%) Projections by Application, 2022-2032

Figure 154: MEA Market Value (US$ Mn) Analysis by Type , 2017-2032

Figure 155: MEA Market Value Share (%) and BPS Analysis by Type , 2022-2032

Figure 156: MEA Market Y-o-Y Growth (%) Projections by Type , 2022-2032

Figure 157: MEA Market Attractiveness by Component, 2022-2032

Figure 158: MEA Market Attractiveness by Application, 2022-2032

Figure 159: MEA Market Attractiveness by Type , 2022-2032

Figure 160: MEA Market Attractiveness by Country, 2022-2032

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