Global Biometric as a Service in Healthcare Market, By Modality Type (Unimodal and Multimodal), Access Control and Authentication (Single-Factor Authentication and Multi-Factor authentication), Model (Public Cloud, Private Cloud and Hybrid Cloud), Access Channel (Online, In-Person, Tablet, IOS and Android), Application (Pharmacy Dispensing, Care Provider Authentication, Medical Record Security and Data Centre Security, Patient Identification and Tracking, Home/Remote Patient Access, Narcotic Security, Counter Insurance Frauds and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Surge in the adoption of advanced technologies such as artificial intelligence and internet of things technology, growing need of resources and solutions that offer cost-effective and high-end security and assurance and surging infrastructural development especially in the various developing regions of the world are the major factors attributable to the growth of the biometric as a service in healthcare market. Data Bridge Market Research analyses that the biometric as a service in healthcare market will exhibit a CAGR of 23.35% for the forecast period of 2021-2028. Therefore, the market value would stand tall by USD 10,252.16 million by 2028.
Biometric is a technology that is used by the organizations as a component of high end security solutions. Biometric technology offers end to end encryption and authentication. Biometrics stores the information and secures the entry via human biological information such as fingerprints. The major aim behind the adoption of this technology by the healthcare industry is to prevent the loss of crucial data and avoid financial losses.
Rising focus on the technological advancements in the security and surveillance systems will emerge as the major market growth driving factor. Surge in the demand for biometrics services and solutions by the healthcare industry owing to the benefits offered by it such as high reliability, cost-efficiency, and instant deployment and surge in the expenditure for research and development activities in regards to security solutions will further aggravate the growth of the market.
However, lack of skilled workforce and technological expertise in underdeveloped and developing economies will act as a growth restraint for the market. Lack of strong network connectivity along with lack of network infrastructure in developing countries will yet again hamper the market growth rate. Also, high initial investments and rising security and privacy concerns of biometric data stored on cloud will also hamper the market growth rate.
This biometric as a service in healthcare market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on biometric as a service in healthcare market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global biometric as a service in healthcare market scope and market size
The biometric as a service in healthcare market is segmented on the basis of modality type, access control and authentication, deployment model, access channel and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of modality type, the biometric as a service in healthcare market is segmented into unimodal and multimodal.
- On the basis of access control and authentication, the biometric as a service in healthcare market is segmented into single-factor authentication and multi-factor authentication.
- On the basis of deployment model, the biometric as a service in healthcare market is segmented into public cloud, private cloud and hybrid cloud.
- On the basis of access channel, the biometric as a service in healthcare market is segmented into online, in-person, tablet, IOS and android.
- On the basis of application, the biometric as a service in healthcare market is segmented into pharmacy dispensing, care provider authentication, medical record security and data center security, patient identification and tracking, home/remote patient access, narcotic security, counter insurance frauds and others.
Global biometric as a service in healthcare market country level analysis
The biometric as a service in healthcare market is analysed and market size, volume information is provided by country, modality type, access control and authentication, deployment model, access channel and application as referenced above.
The countries covered in the biometric as a service in healthcare market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the biometric as a service in healthcare market and will continue to flourish its trend of dominance during the forecast period owing to the rising focus on technological advancements and presence of major players in this region. Asia-Pacific will continue to undergo substantial gains during this period and register the highest CAGR. This is because of the growing adoption of advanced technologies such as artificial intelligence and internet of things technology.
The country section of the biometric as a service in healthcare market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Biometric as a Service in Healthcare Market Share Analysis
The biometric as a service in healthcare market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to biometric as a service in healthcare market.
The major players covered in the biometric as a service in healthcare report are Thales Group, Agnitio A/S, BioAXS Co. Ltd., Cenmetrix (Pvt) Ltd., FUJITSU, HID Global Corporation, Hitachi, Ltd., Integrated Biometrics, Innovatrics., IRITECH, INC., LaserLock International, Inc., M2SYS Technology, IDEMIA., Nuance Communications, Inc., Qualcomm Technologies, Inc., SecuGen Corporation., Uniphore., LumenVox. and Verint VoiceVault Voice Authentication among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.