Global Biometrics-as-a-Service (BaaS) in Healthcare Market Analysis By Solution Type (Fingerprint Recognition, Facial Recognition, Iris Recognition, Voice Recognition, Behavioral Biometrics), By Deployment Model (Cloud-Based, On-Premises) & Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 245
- CATEGORY
- Healthcare & Life Sciences
The Biometrics-as-a-Service (BaaS) in Healthcare market was valued at approximately USD 1.2 billion in 2022 and was expected to grow at a CAGR of around 20%.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 1.2 Billion |
Market Forecast in 2032 | USD 5.3 Billion |
CAGR % 2023-2031 | 20% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2031 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | By Solution Type, By Deployment Model |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | BioID AG, Fujitsu Limited, Gemalto NV, HID Global Corporation, IBM Corporation, Iritech Inc., Leidos Inc., M2SYS Technology, NEC Corporation, Qualcomm Technologies, Inc., SmilePass Ltd., Suprema Inc., Uniphore Software Systems, VoiceTrust GmbH, ZKTeco Inc. |
Driver: Growing adoption of cloud-based solutions in healthcare is propelling Biometrics-as-a-Service (BaaS) in Healthcare Market growth.
One market driving factor for the Biometrics-as-a-Service (BaaS) in Healthcare Market is the increasing adoption of cloud-based solutions in healthcare. The healthcare industry is rapidly adopting cloud-based solutions due to their various advantages, such as scalability, flexibility, and cost-effectiveness. Cloud-based solutions also offer easy access to data and applications, making them ideal for healthcare organizations that need to manage large amounts of sensitive patient data. With the increasing demand for cloud-based solutions, the adoption of Biometrics-as-a-Service (BaaS) in healthcare is expected to grow significantly. BaaS solutions provide healthcare organizations with the ability to deploy biometric authentication technology quickly and easily, without the need for extensive hardware or software infrastructure. This is particularly beneficial for smaller healthcare providers or those with limited resources who may not be able to afford the upfront costs of purchasing and implementing their own biometric authentication technology.
 
Segmentation:
By Solution Type
• Fingerprint Recognition
• Facial Recognition
• Iris Recognition
• Voice Recognition
• Behavioral Biometrics
By Deployment Model
• Cloud-Based
• On-Premises
Geographical Analysis:
The Biometrics-as-a-Service (BaaS) in Healthcare Market can be segmented into different regions, each with its own characteristics and opportunities. Here are some regional insights with market-related examples:
• North America: The North American region dominates the Biometrics-as-a-Service (BaaS) in Healthcare Market due to the increasing adoption of advanced technologies, such as biometrics, in the healthcare sector. For example, in 2019, the US Department of Veterans Affairs implemented a biometric identification system to enhance the security and privacy of patients' health information.
• Europe: The European Biometrics-as-a-Service (BaaS) in Healthcare Market is expected to grow due to the increasing demand for advanced healthcare technologies and the growing need for secure patient identification and data privacy. For example, in 2018, the European Commission funded the development of a biometric identification system to be used in hospitals and clinics for patient identification and record-keeping.
• Asia Pacific: The Asia Pacific Biometrics-as-a-Service (BaaS) in Healthcare Market is expected to grow due to the increasing adoption of digital health technologies and the growing demand for secure and efficient healthcare services. For example, in 2019, India's National Health Stack was announced, which includes the use of biometric identification for patient registration and verification in healthcare facilities.
• Latin America: The Latin American Biometrics-as-a-Service (BaaS) in Healthcare Market is expected to grow due to the increasing investment in healthcare infrastructure and the adoption of advanced technologies in the region. For example, in 2020, the Brazilian government launched a national program to digitize healthcare services, including the use of biometric identification for patient registration and record-keeping.
• Middle East & Africa: The Middle East & Africa Biometrics-as-a-Service (BaaS) in Healthcare Market is expected to grow due to the increasing investment in healthcare infrastructure and the adoption of digital health technologies in the region. For example, in 2020, the Dubai Health Authority launched a biometric identification system to enhance the patient experience and improve the accuracy and efficiency of patient identification and record-keeping in healthcare facilities.
Recent Development: Global Biometrics-as-a-Service (BaaS) in Healthcare Market
• In August 2020, IBM announced that it was acquiring WDG Automation, a Brazilian software provider specializing in robotic process automation (RPA), to expand its AI and cloud capabilities in Latin America. This acquisition is expected to help IBM expand its BaaS offerings in the region.
• In October 2020, HID Global announced its acquisition of Plurilock, a provider of advanced authentication solutions, to expand its identity and access management (IAM) capabilities. HID Global is a major player in the BaaS market and this acquisition is expected to strengthen its position in the healthcare industry.
• In December 2020, Leidos, a major player in the healthcare biometrics software market, announced that it was acquiring 1901 Group, a provider of IT services and enterprise solutions, to expand its cloud and digital modernization capabilities. This acquisition is expected to enhance Leidos' BaaS offerings in the healthcare industry.
• In December 2020, Uniphore Software Systems, a provider of conversational AI and speech recognition technology, announced that it had acquired Emotion Research Labs, a provider of emotion recognition technology, to expand its capabilities in voice biometrics and emotion detection. This acquisition is expected to help Uniphore enhance its BaaS offerings in the healthcare industry.
Company Profiles:
• BioID AG
• Fujitsu Limited
• Gemalto NV
• HID Global Corporation
• IBM Corporation
• Iritech Inc.
• Leidos Inc.
• M2SYS Technology
• NEC Corporation
• Qualcomm Technologies, Inc.
• SmilePass Ltd
• Suprema Inc.
• Uniphore Software Systems
• VoiceTrust GmbH
• ZKTeco Inc.
 
Why to buy this Report?
Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of Biometrics-as-a-Service (BaaS) in Healthcare Market they are operating in or considering entering, and make more informed decisions based on data and analysis.
Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in Biometrics-as-a-Service (BaaS) in Healthcare Market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
}})
Select a license type that suits your business needs
US $3499
Only Three Thousand Four Hundred Ninety Nine US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4499
Only Four Thousand Four Hundred Ninety Nine US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5499
Only Five Thousand Four Hundred Ninety Nine US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI