Biometric as a Service in Healthcare Market - Recent Analysis of Industry Trends

Posted by nileshdbmr on February 3rd, 2020

Global biometric as a service in healthcare market is expected to reach USD 6,738.10 million by 2026 and is projected to register a healthy CAGR of 23.3% in the forecast period of 2019 to 2026.

Biometric is a technology based on the biology and used in information assurance. Biometric identification secures the entry via human biological information such as fingerprints or DNA. Healthcare is now adopting the new biometric technology to prevent data as well as financial losses. Unimodal biometric have certain limitations which can be minimized by multimodal biometric system. The data stored in this is authenticated and verified identities are recorded in the database. Biometrics generally refers to the measurable biological characteristics. It is an authentication technique that relies on countable physical characteristics which can be checked automatically. The data is compared to the biometric data of various person kept in the database. Different types of biometric schemes are face, fingerprint, retina and other

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Competitive Analysis: Global Biometric as a Service in Healthcare Market

Some of the major players operating in this market are Gemalto NV, agnitio, BioAXS Co. Ltd., Cenmetrix (Pvt) Ltd. , FUJITSU, HID Global Corporation, Hitachi, Ltd. , Integrated Biometrics, Innovatrics, IRITECH, INC., LaserLock International, Inc., M2SYS Technology, MorphoTrust USA, Nuance Communications, Inc., Qualcomm Technologies, Inc. , SecuGen Corporation, Uniphore, lumenvox, VoiceVault Voice Authentication and other.

Segmentation: Global Biometric as a Service in Healthcare Market

Global biometric as a service in healthcare market is segmented into five notable segments which are modality type, access control and authentication, deployment model, access channel and application.

• On the basis of modality type, the market is segmented into unimodal and multimodal. In 2018, Unimodal market is likely to dominate market with 64.1% shares and is estimated to reach USD 3,938.68 million by 2025. It is growing at a CAGR of 21.8% in the forecast period.
• On the basis of access control and authentication, the market is segmented into single-factor authentication and multi-factor authentication. In 2018, Single Factor Authentication market is likely to dominate market with 55.2% shares and is estimated to reach USD 3,238.15 million by 2026. It is growing at a CAGR of 21.1% in the forecast period.
• On the basis of deployment model, the market is segmented into public cloud, private cloud and hybrid cloud. In 2018, Hybrid market is likely to dominate market with 48.9% shares and is estimated to reach USD 3,536.44 million by 2026. It is growing at the highest CAGR of 24.3% in the forecast period.
• On the basis of access channel, the market is segmented into online, in-person, tablet, IoS and android. In 2018, online market is likely to dominate market with 40.5% shares and is estimated to reach USD 3,027.91 million by 2026. It is growing at the highest CAGR of 24.9% in the forecast period.
• On the basis of application, the market is segmented into pharmacy dispensing, care provider authentication, medical record security & data center security, patient identification and tracking, home/remote patient access, narcotic security, counter insurance frauds and others. In 2018, Medical record security and data center security market is likely to dominate market with 23.2% shares and is estimated to reach USD 1,715.23 million by 2025. It is growing at the highest CAGR of 24.7% in the forecast period.

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Key insights in the report:

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• Detailed analysis of the Market Segmentation
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