The market of biometrics as a service has found its utilization around the several industry verticals. The storage of the biometrics data on the cloud has enabled organizations to cut down a lot of expense. This has also transformed the aim of the associations from the traditional password storage to the usage of biometrics. Moreover, the biometrics are the biological uniqueness traces of the human body often retrieved with the thumb and other parts of the human body to catalogue an impression. Not only has this, the government as well as private entities around the globe are more significant growing and utilizing the biometrics for effective applications like access control. Furthermore, many of the players in the market of biometric as a service in North America are doing effective developments in the technology for introducing unique identity prints of each individual which further deliver better consumer satisfaction and increasing the demand at airports, hospitals and several other places which further benefitted for leading the fastest market growth and dominating the high value of market share more positively.
According to the report analysis, ‘North America Biometric as a Service in Healthcare Market Industry Trends Forecast to 2026’ states that there are several key players which are presently functioning in this sector more actively for dominating the high value of market share and leading the fastest market growth during the short span of time more positively while securing the nature of the services and increasing the demand for full-proof security, both offline and online includes 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 several others.
The North America biometric as a service in healthcare market is anticipated to reach a CAGR of 23.3% in the forecast period of 2019 to 2026. Moreover, the market of biometrics as a services in the North America is sectored into different sectors which majorly involves access channel, model, application, modality type, access control and authentication and region. Whereas, based on the access control and authentication, the market is split into Single-Factor Authentication and Multi-Factor authentication while, on the basis of model, the market is divided into Public Cloud, Private Cloud and Hybrid Cloud. Nevertheless, the sector of application includes 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.
Additionally, develop the specifications of the technology for decreasing the security threat of the biometric data stored in cloud, significant growth in the demand from the healthcare sectors, high security issues, growing utilization of the electronic gadgets and several others are the some major factors for leading the market growth. Therefore, in the near future, it is anticipated that the market of biometrics as a services in North America will increase more positively over the forecasted period.
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Ankur Gupta, Head Marketing & Communications