Asia Pacific Biometrics-as-a-Service (BaaS) Market 2020-2030 by Offering, Modality, Technology, Enterprise Size, Deployment Mode, End User, and Country: Trend Forecast and Growth Opportunity

Currently, the Asia Pacific biometrics market is expanding quickly. In access control systems, biometrics are used to authenticate users' physical and behavioural traits. The device database stores these details and compares them to give users secure access to systems, devices, or data. In the Asia Pacific region, biometrics systems, such as fingerprint mapping, facial recognition, and retina scan, are frequently used since they are dependable, accurate, quick, and secure. Asia Pacific biometrics-as-a-service (BaaS) market will grow by 17.6% annually with a total addressable market cap of $18.38 billion over 2020-2030. Apart from this, the rising adoption of biometrics security in cloud computing is anticipated to drive the market. On account of these factors, the market is expected to continue its robust growth during the forecast period The use of biometrics systems in many businesses is developing as a result of the increasing number of security breaches. They are becoming more used in business and governmental facilities, for instance, for digitising time and attendance systems. Additionally, the incorporation of biometrics into point-of-sale (POS) solutions aids in the management of transactions, cash flow, inventory, billing, and payroll for businesses. Additionally, the use of biometrics in e-passport and e-visa services to monitor illegal immigration, together with rising government spending on smart city projects in numerous nations, is fostering market expansion. The increase in demand for cost-effective solutions to access advanced biometrics capabilities, and surge in government initiatives for effective healthcare system accelerate the market growth. The integration of biometrics with point-of-sale (POS) solutions helps organizations manage transactions, inventory, cash flow, billing and payroll, and growing number of security threats further influence the market. Also High use in the healthcare, expansion of various end use industries and rapid digitization in healthcare sector positively affect the biometric as a service

While the above mentioned factors are helping the market, one of the biggest obstacles to the adoption of biometrics-as-a-service solutions is the integration of biometric infrastructure into the current systems. The purchase of new systems or the replacement of the current hardware and software may be necessary to integrate biometric technologies into the current system. Additionally, businesses must spend money and time using a Software Development Kit (SDK) to integrate biometric recognition functionality into their current systems and goods. Consumers and enterprise organizations are reluctant to integrate the biometrics-as-a-service systems with their organizations, as the storage of their biometric information is on the cloud. This information, stored on the cloud, can be stolen, lost, or otherwise compromised if the cloud is not secured enough .

COVID 19 IMPACT
The outbreak of COVID-19 pandemic and the global reaction to it has brought a change of a similar magnitude to the Asia Pacific businesses. COVID-19 is expected to have a potential long-term impact, along with some severe short-term implications. For responding to this pandemic, technologies such as biometrics, artificial intelligence (AI), and machine learning (ML) are expected to play a key role. Biometric systems have been broadly deployed worldwide as a key technology for early detection, patient screening & public safety monitoring for containing the spread of COVID-19. Key markets such as surveillance, border control, law enforcement, healthcare, and biotechnologies are rapidly introducing biometrics into infectious disease prevention and control protocols. Face recognition and surveillance operations are being updated with new screening software to detect individuals who are not wearing protective masks. Also, AI algorithms are being updated to overcome the challenge of correctly identifying individuals, even when they are wearing masks. According to the industry experts, touchless biometric identification technologies such as facial recognition and iris recognition are expected to gain huge traction post the COVID-19 pandemic. These technologies have already started gaining traction worldwide since using touch-based technologies such as fingerprint and vein recognition increase the chances of the spread of COVID-19. Various governments, law enforcement agencies, etc. have already gotten rid of touch-based biometrics authentication and adopted touchless biometric authentication technologies as a measure to contain the spread of COVID-19. re being updated with new screening software to detect individuals who are not wearing protective masks. According to the industry experts, touchless biometric identification technologies such as facial recognition and iris recognition are expected to gain huge traction post the COVID-19 pandemic. 

Highlighted with 33 tables and 57 figures, this 124-page report “Asia Pacific Biometrics- as-a-Service (BaaS) Market 2020-2030 by Offering, Modality, Technology, Enterprise Size, Deployment Mode, End User, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific biometrics-as-a-service market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. 

In-depth qualitative analyses include identification and investigation of the following aspects:
   • Market Structure 
   • Growth Drivers 
   • Restraints and Challenges
   • Emerging Product Trends & Market Opportunities
   • Porter’s Fiver Forces

The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Asia Pacific biometrics-as-a-service market in every aspect of the classification from perspectives of Offering, Modality, Technology, Enterprise Size, Deployment Mode, End User, and Country. 

By Offering
     • Solutions
     • Service

By Modality
     • Unimodal BaaS
     • Multimodal Baas

By Technology
     • Fingerprint Recognition
     • Voice Recognition
     • Signature Recognition
     • Iris Recognition
     • Palm/Hand Recognition
     • Face Recognition
     • Behavior Recognition
     • Other Technologies

By Enterprise Size
     • SMEs
     • Large Enterprises

By Deployment Mode 
     • On-Premise BaaS
     • On-Cloud BaaS

By End User
     • Government
     • Travel
     • BFSI
     • Healthcare
     • E-commerce & Retail
     • Defense
     • IT & Telecommunication
     • Other End-Users

By Geography
     • Japan
     • China
     • South Korea
     • Australia
     • India
     • Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)

For each aforementioned country, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of key national markets by Modality, Technology, and End User over the forecast years are also included.The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.Specifically, potential risks associated with investing in Asia Pacific biometrics-as-a-service market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

Key Players (this may not be a complete list and extra companies can be added upon request): 
Accenture PLC, Aware Inc., BioEnable Technologies Pvt. Ltd, BioID Technology, Certibio, Fingerprint Cards Ab, Fujitsu Limited, Fulcrum Biometrics, LLC, HYPR Corp., IDEMIA France SAS, ImageWare Systems Inc., IriTech Inc., Leidos Holdings Inc., M2SYS Technology, Mobbeel Solutions S.L.L., MorphoTrust USA, NEC Corp., Nuance Communications Inc., Phonexia SRO, Precise Biometrics AB, Secur-eye, SIC Biometrics, Inc., SmilePass Ltd., 

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)