Biometrics as a Service Market is Expected to Grow at a CAGR of 17.11% by 2020

PUNE, INDIA, October 21, 2016 /EINPresswire.com/ -- Biometrics as a Service Market

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In 1999, biometrics was introduced as an application to render authentication after identifying and verifying biological and physiological traits such as voice, palm geometry, DNA, gait, fingerprints, facial features, iris, signature, and vein geometry. This technology is reliable, as it cannot be lost or forgotten by an individual.
Verification is a one-to-one matching process that verifies the biometrics traits of an individual against a set template in the database. Identification is a one-to-many matching process wherein the biometrics traits of an individual are matched against all templates in the database to determine an individual's identity.

Research analysts forecast the global biometrics as a service market to grow at a CAGR of 17.11% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global biometrics as a service market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of biometrics as a service, which includes cloud-based biometrics solutions and third-party managed solutions.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Global Biometrics as a Service Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• BioID
• Fujitsu
• ImageWare
• IriTech

Other Prominent Vendors
• FingerCheck
• Secur-eye
• MorphoTrust USA

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