North America Biometric as a Service in Healthcare Market – Industry Trends and Forecast to 2029

North America 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) – Industry Trends and Forecast to 2029.

North America Biometric as a Service in Healthcare Market Analysis and Size

Technological advancements, from paper to electronic to digital to biometric, have significantly impacted the economy. This advancement has improved the operating capacities of many industries, in terms of improved safety measures, connectivity, cost savings, and user convenience. When combined with AI, this technology has begun to generate significant growth opportunities in a variety of industries.

Data Bridge Market Research analyses that the biometric as a service in healthcare market which was growing at a value of 2,765.32 million in 2021 and is expected to reach the value of USD 7,712.90 million by 2029, at a CAGR of 13.68% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

North America Biometric as a Service in Healthcare Market Scope and Segmentation

Market Definition

Biometrics is a technology that organizations use as part of high-end security solutions to store information and secure entry using human biological information. Security has always been a major concern in the healthcare industry, and the primary goal of adopting this technology by the healthcare industry is to prevent the loss of critical data such as medical data, records, and patients' privacy, as well as to avoid financial losses.

North America Biometric as a Service in Healthcare Market Dynamics

Drivers

• Growing need of security standardization

Security is critical for everyone, and many new technologies and developments are being implemented to improve security everywhere. Many different security devices with image recognition have been developed today. People's safety and security are enhanced by facial recognition biometric devices, security cameras, and drones. This image recognition technology is used in a variety of products, because it improves people's overall experiences and creates a new platform for them.

• High adoption in various areas of industry

Biometric as a service in healthcare is changing the way we see the world and is playing a critical role in the future of technology. Increased demand for biometrics services and solutions by the healthcare industry due to the benefits offered, rising cases of false identity and data breaches in the healthcare sector, and increased spending on research and development activities for security solutions will exacerbate market growth. This technology is also being used in the healthcare industry for microsurgical procedures. Drones, security cameras, facial recognition devices, and other image recognition devices have been developed for security and safety purposes. The increasing use of biometric as a service in various applications is driving market growth.

Opportunities

• Modernization and growing marketing strategies

Modernization, rising end-user demand for brand recognition, and increasing market strategies will create new opportunities for biometric as a service in the healthcare market during the forecast period.

Restraints

• High installation cost

However, a lack of skilled labour and technological expertise in underdeveloped and developing economies will limit market growth. Lack of strong network connectivity, as well as a lack of network infrastructure in developing countries, will stymie market growth once more. In addition, high initial investments and rising security and privacy concerns about biometric data stored in the cloud will slow market growth.

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 localized 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, geographic expansions, technological innovations in the market. To gain more info on the 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.

COVID-19 Impact on North America Biometric as a Service in Healthcare Market

The recent COVID-19 has caused a significant shift in the biometric market's adoption pattern. The COVID-19 has created a huge market for contact-free sensing solutions. Although touch-based technologies are declining, touchless technologies are now flooding the market. The trend is visible in a variety of end-user settings, including offices, hospitals, airports, and secure locations that rely on fingerprint readers, card access, or manual processes. The rapidly increasing use of non-contact biometric attendance in these applications is also propelling the overall market. In the last three to four months, the market for fingerprint recognition has seen a massive drop, with many government agencies claiming that there is a risk of infection via these frequently touched surfaces.

North America Biometric as a Service in Healthcare Market Scope

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 these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Modality Type

• Multimodal Biometric
• Unimodal Biometric

Access control and authentication

• Single-Factor Authentication
• Multi-Factor authentication

Deployment model

• Public Cloud
• Private Cloud
• Hybrid Cloud

Access Channel

• Online
• In-Person
• Tablet
• IOS
• 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
• Others

Biometric as a Service in Healthcare Market Regional Analysis/Insights

The biometric as a service in healthcare market is analyzed and market size insights and trends are 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.

The United States dominates the biometric as a service in healthcare market in North America and will continue to do so during the forecast period due to a growing emphasis on technological advancements, rising demand for biometrics in the field of commercial identification and authentication applications, and the presence of major players in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America 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, North America 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.

Some of the major players operating in the biometric as a service in healthcare market are:

• NEC Corporation (Japan)
• CardLogix Corporation (U.S.)
• Fujitsu (Japan)
• Thales (France)
• Integrated Biometrics (U.S.)
• Iris ID, Inc. (U.S.)
• Suprema, Inc. (South Korea)
• HID North America Corporation (U.S.)
• Precise Biometrics (Sweden)
• Aware, Inc. (U.S.)
• Daon, Inc. (U.S.)
• M2SYS Technology (U.S.)
• BIO-key International (U.S.)
• Cognitec Systems GmbH (Germany)
• BioRugged (South Africa)
• DERMALOG Identification Systems GmbH (Germany)
• IDEMIA (France)
• Imageware (U.S.)