Biometric as a Service Market - an Insight on the Important Factors and Trends Influencing the Market

Albany, NY -- (SBWire) -- 12/19/2018 --Biometrics technology is used for identification and authentication of people with the help of their biological and behavioral characteristics. Biometric systems provide the solution to ensure that the rendered services are accessed only by a legitimate user and no one else. They can be defined as a ubiquitous technology that can be used in high definition cameras primarily for facial recognition, and microphones for voice capturing purposes.

The specially-designed units that can be customized to scan the vein patterns beneath the skin are also biometric sensors. Some key attributes of biometric sensors include fast verification and identification. Biometric sensors are breakthrough technology, which weed out various security-related issues from different domains.

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Rising demand for fingerprint identification to gain access in smartphones and other smart gadgets has positively impacted the growth of biometric as a service market. Growing demand for biometric sensor based tablets, smartwatches, wearable devices, and other consumer electronic products is one of the major drivers of this market. Convenience of use and comprehensive nature of biometric sensors are among the key drivers for the global Biometric as a service market. Vendors across regions are emphasizing on proving biometric services.

Growing preference for stronger systems of security and convenience in terms of application are major factors contributing to the growing popularity of biometric sensors at the global level. Increasing application of biometrics technology in different sectors such as commercial centers, offices, and airports coupled with rising application of finger and facial scan solutions in the security and defense sector are some of the major factors contributing to the growing demand for biometric sensors globally.

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Moreover, rising demand for fingerprint scanning biometric solutions for payments and banking is having a positive impact on the biometric as a service market. Security of biometric data stored on cloud is the major restraint for the market. Increase in the adoption of cloud services will offer a major opportunity to the biometric as a service market.