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Report Overview
The global biometric-as-a-service market, valued at USD 4.93 Billion in 2024, has experienced significant growth, as it offers advanced authentication methods such as facial recognition, fingerprint scanning, and iris recognition, which enhances security by reducing the risk of identity fraud and unauthorised access. The market is expected to grow at a compound annual growth rate (CAGR) of 20.00% from 2025 to 2034 potentially reaching USD 30.53 Billion by 2034. Businesses can leverage cloud-based biometric solutions to avoid the high upfront costs of infrastructure and maintenance, thereby reducing capital expenditures while gaining access to state-of-the-art technology.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The healthcare sector is experiencing growing demand for biometric-as-a-service, particularly in OECD countries, where people are highly conscious of their health. In 2024, these nations are expected to spend approximately 9.1% of their GDP on medical services. This demand enhances patient identity verification, reduces fraud, and streamlines administrative tasks.
- The rising demand for cross-border digital banking transactions, especially in developed economies like the United States, which saw 7.5 billion card transactions in 2022, is boosting global adoption of biometric-as-a-service. This shift enhances transaction security, improves customer authentication, and strengthens trust in financial services worldwide.
- Industry reports show that the growing trend of hybrid work, particularly in Western countries like the UK, where 28% of the workforce worked hybrid as of October 2024, is driving the need for biometric-as-a-service. These solutions help secure remote access, ensure data protection, and verify identities for employees working from diverse locations.
Global Biometric-as-a-Service Market Analysis
As a service industry, biometrics is anticipated to develop considerably as biometrics are much safer than traditional types of entry codes such as pins, passwords, locks, etc. Individuals don’t need to remember biometrics, and the data can be readily transmitted anywhere. For each individual, biometrics are unique identity prints. Biometrics also uses computing, imaging, math, and statistical methods to map an individual’s specific identity for high-risk safety clearances. The major drivers of the biometric-as-a-service market include an increased need to secure online transactions, increased security threats, and increased adoption of advanced technology by governments to create awareness among citizens and promote digitalisation. The biometric-as-a-service market growth may be hindered due to factors like the security of data stored with a third party(cloud) and the lack of multi-party authentication system during the forecast period.
Biometric-as-a-Service Market Report Snapshots
Biometric-as-a-Service Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the biometric-as-a-service market reached an approximate value of USD 4.93 Billion.
The market is assessed to grow at a CAGR of 20.00% between 2025 and 2034.
The major drivers of the industry such as increased adoption of advanced technology, rising digitalisation, increasing adoption by governments and private organisations, and increasing awareness among citizens are expected to aid the industry growth.
Increased need to secure online transactions and increased security threats are expected to propel the industry growth in the coming years.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.
The leading scanner types of biometric-as-a-service are fingerprint recognition, iris recognition, palm recognition, facial recognition, and voice recognition, among others.
The major application segments for the market include site access control, time recording, mobile application, web, and workplace.
The major end-use segments for the market include government, retail, IT and telecom, BFSI, and healthcare, among others.
The major players in the market are NEC Corporation, Aware Inc., Fujitsu Limited, Nuance Communications Inc., Leidos Holdings Inc., IDEMIA Group S.A.S, M2SYS, Smilepass, Certibio, HYPR Corp, BioID, Others.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 30.53 Billion by 2034.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124