Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Applications (Site Application Control, Mobile Application, Time Recording, Web and Workplace), By Scanner Type (Fingerprint Recognition, Palm Recognition, Iris Recognition, Facial Recognition, Voice Recognition, Others), By End-users (Government, Retail, IT and Telecom, Healthcare, BFSI, Others) And Competitive Landscape
Product Code: ETC076220 | Publication Date: Oct 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
The Asia Pacific biometric-as-a-service market is expected to grow at a tremendous rate during the forecast period. The analysis is provided for the region's key geographic regions, namely Japan, China, India, and South Korea. In addition to this data, the report also presents industry forecasts for the region and its various country markets. The major factors driving the growth of the Asia Pacific biometric-as-a-service market include the increasing adoption of cloud technology, rising need for cost-effective and scalable authentication solutions, and growing demand for mobile banking and payment services. However, concerns regarding data privacy and security are restraining the market growth. Moreover, the use of E-passports has been increased, thus, the rising demand for biometric technology is most likely to boost the revenue rate in the impending years.
According to 6Wresearch, Asia Pacific Biometric-As-A-Service Market is expected to grow during 2022-2028. The Asia Pacific biometric-as-a-service market is segmented by countries, scanner type, applications, and end-users. The services segment is expected to grow at a higher CAGR during the forecast period due to the increasing demand for managed services from small and medium enterprises (SMEs) that lack in-house resources and expertise to deploy and manage biometric solutions. The major drivers for the market include the increasing demand for authentication and authorization services, rising need for cost-effective and scalable biometric solutions, and increasing adoption of cloud-based services. The Asia Pacific biometric-as-a-service market is also segmented based on organization size into large enterprises and small and medium enterprises. The large enterprise segment is expected to grow at a higher CAGR during the forecast period as these organisations have a large user base spread across multiple locations. They are also more likely to adopt biometrics for authentication and authorization purposes.
Due to COVID-19, there has been a drastic change and disturbances in financial markets and businesses which negatively impacts the Asia Pacific Biometric-As-A-Service Market. The outburst of COVID-19 pandemic has severely caused enormous distractions and amends the functioning of various businesses, along with substantial increase in the demand for touchless biometric solutions. The Government has imposed certain restrictions aligned with social distancing which makes multimodal biometric innovations and advanced multifactor gradually pertinent. In order to follow government rules, various organizations must evade fingerprint, hand key scanners, and biometrics to avert physical contact.
By country, the Asia Pacific biometric-as-a-service market is segmented into China, India, Japan, South Korea, Australia & New Zealand, Rest of Asia Pacific. Among these countries, China held the largest share due to rising awareness about the benefits of biometrics and increasing adoption of cloud technology
By application, the market is classified into access control, time & attendance management, fraud detection & prevention, identity management/authentication, others. Among these applications, access control held the largest share due to its widespread adoption across various industry verticals such as healthcare, BFSI, retail, manufacturing among others.
The Asia Pacific biometric-as-a-service market is moderately consolidated with a few players accounting for a major share of the market. Key players in the market include NEC Corporation (Japan), Fujitsu Limited (Japan), Hitachi Ltd. (Japan), M2SYS Technology Inc. (US), Imprivata Inc. (US), SecuGen Corporation (US), Aware Inc. (US), Bioenable Technologies Pvt. Ltd. (India) and ID R&D Services Limited (Australia) among others. These players are focused on expanding their geographical presence and product portfolio to gain a competitive edge in the market
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Biometric-as-a-Service Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Biometric-as-a-Service Market Revenues & Volume, 2021 & 2028F |
3.3 Asia Pacific Biometric-as-a-Service Market - Industry Life Cycle |
3.4 Asia Pacific Biometric-as-a-Service Market - Porter's Five Forces |
3.5 Asia Pacific Biometric-as-a-Service Market Revenues & Volume Share, By Countries, 2021 & 2028F |
3.6 Asia Pacific Biometric-as-a-Service Market Revenues & Volume Share, By Applications, 2021 & 2028F |
3.7 Asia Pacific Biometric-as-a-Service Market Revenues & Volume Share, By Scanner Type, 2021 & 2028F |
3.8 Asia Pacific Biometric-as-a-Service Market Revenues & Volume Share, By End-users, 2021 & 2028F |
4 Asia Pacific Biometric-as-a-Service Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Biometric-as-a-Service Market Trends |
6 Asia Pacific Biometric-as-a-Service Market, 2018 - 2028 |
6.1 Asia Pacific Biometric-as-a-Service Market, Revenues & Volume, By Applications, 2018 - 2028 |
6.2 Asia Pacific Biometric-as-a-Service Market, Revenues & Volume, By Scanner Type, 2018 - 2028 |
6.3 Asia Pacific Biometric-as-a-Service Market, Revenues & Volume, By End-users, 2018 - 2028 |
7 China Biometric-as-a-Service Market, 2018 - 2028 |
7.1 China Biometric-as-a-Service Market, Revenues & Volume, By Applications, 2018 - 2028 |
7.2 China Biometric-as-a-Service Market, Revenues & Volume, By Scanner Type, 2018 - 2028 |
7.3 China Biometric-as-a-Service Market, Revenues & Volume, By End-users, 2018 - 2028 |
8 India Biometric-as-a-Service Market, 2018 - 2028 |
8.1 India Biometric-as-a-Service Market, Revenues & Volume, By Applications, 2018 - 2028 |
8.2 India Biometric-as-a-Service Market, Revenues & Volume, By Scanner Type, 2018 - 2028 |
8.3 India Biometric-as-a-Service Market, Revenues & Volume, By End-users, 2018 - 2028 |
9 Japan Biometric-as-a-Service Market, 2018 - 2028 |
9.1 Japan Biometric-as-a-Service Market, Revenues & Volume, By Applications, 2018 - 2028 |
9.2 Japan Biometric-as-a-Service Market, Revenues & Volume, By Scanner Type, 2018 - 2028 |
9.3 Japan Biometric-as-a-Service Market, Revenues & Volume, By End-users, 2018 - 2028 |
10 Australia Biometric-as-a-Service Market, 2018 - 2028 |
10.1 Australia Biometric-as-a-Service Market, Revenues & Volume, By Applications, 2018 - 2028 |
10.2 Australia Biometric-as-a-Service Market, Revenues & Volume, By Scanner Type, 2018 - 2028 |
10.3 Australia Biometric-as-a-Service Market, Revenues & Volume, By End-users, 2018 - 2028 |
11 Indonesia Biometric-as-a-Service Market, 2018 - 2028 |
11.1 Indonesia Biometric-as-a-Service Market, Revenues & Volume, By Applications, 2018 - 2028 |
11.2 Indonesia Biometric-as-a-Service Market, Revenues & Volume, By Scanner Type, 2018 - 2028 |
11.3 Indonesia Biometric-as-a-Service Market, Revenues & Volume, By End-users, 2018 - 2028 |
12 Philippines Biometric-as-a-Service Market, 2018 - 2028 |
12.1 Philippines Biometric-as-a-Service Market, Revenues & Volume, By Applications, 2018 - 2028 |
12.2 Philippines Biometric-as-a-Service Market, Revenues & Volume, By Scanner Type, 2018 - 2028 |
12.3 Philippines Biometric-as-a-Service Market, Revenues & Volume, By End-users, 2018 - 2028 |
13 Malaysia Biometric-as-a-Service Market, 2018 - 2028 |
13.1 Malaysia Biometric-as-a-Service Market, Revenues & Volume, By Applications, 2018 - 2028 |
13.2 Malaysia Biometric-as-a-Service Market, Revenues & Volume, By Scanner Type, 2018 - 2028 |
13.3 Malaysia Biometric-as-a-Service Market, Revenues & Volume, By End-users, 2018 - 2028 |
14 Rest of Asia Biometric-as-a-Service Market, 2018 - 2028 |
14.1 Rest of Asia Biometric-as-a-Service Market, Revenues & Volume, By Applications, 2018 - 2028 |
14.2 Rest of Asia Biometric-as-a-Service Market, Revenues & Volume, By Scanner Type, 2018 - 2028 |
14.3 Rest of Asia Biometric-as-a-Service Market, Revenues & Volume, By End-users, 2018 - 2028 |
15 Asia Pacific Biometric-as-a-Service Market Key Performance Indicators |
16 Asia Pacific Biometric-as-a-Service Market - Opportunity Assessment |
16.1 Asia Pacific Biometric-as-a-Service Market Opportunity Assessment, By Countries, 2021 & 2028F |
16.2 Asia Pacific Biometric-as-a-Service Market Opportunity Assessment, By Applications, 2021 & 2028F |
16.3 Asia Pacific Biometric-as-a-Service Market Opportunity Assessment, By Scanner Type, 2021 & 2028F |
16.4 Asia Pacific Biometric-as-a-Service Market Opportunity Assessment, By End-users, 2021 & 2028F |
17 Asia Pacific Biometric-as-a-Service Market - Competitive Landscape |
17.1 Asia Pacific Biometric-as-a-Service Market Revenue Share, By Companies, 2021 |
17.2 Asia Pacific Biometric-as-a-Service Market Competitive Benchmarking, By Operating and Technical Parameters |
18 Company Profiles |
19 Recommendations |
20 Disclaimer |