In a recent published report, Kenneth Research has updated the Asia Pacific Biometrics-as-a-Service (BaaS) Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Asia Pacific Biometrics-as-a-Service (BaaS) Market products.
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According to the statistics by the Bureau of Economic Analysis (BEA) of the U.S. Dept. of Commerce, the gross output registered from the data processing, internet publishing and other information services industry grew from USD 162.5 Billions in 2010 to USD 530.4 Billion in 2020.
Asia Pacific biometrics-as-a-service (BaaS) market will grow by 17.6% annually with a total addressable market cap of $18.38 billion over 2020-2030.
Highlighted with 33 tables and 57 figures, this 124-page report “Asia Pacific Biometrics- as-a-Service (BaaS) Market 2020-2030 by Offering, Modality, Technology, Enterprise Size, Deployment Mode, End User, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific biometrics-as-a-service market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2015-2019 and provides forecast from 2020 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Asia Pacific biometrics-as-a-service market in every aspect of the classification from perspectives of Offering, Modality, Technology, Enterprise Size, Deployment Mode, End User, and Country.
Based on Offering, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
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Based on Modality, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Unimodal BaaS
• Multimodal Baas
Based on Technology, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Fingerprint Recognition
• Voice Recognition
• Signature Recognition
• Iris Recognition
• Palm/Hand Recognition
• Face Recognition
• Behavior Recognition
• Other Technologies
Based on Enterprise Size, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Large Enterprises
Based on Deployment Mode, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• On-Premise BaaS
• On-Cloud BaaS
Based on End User, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• E-commerce & Retail
• IT & Telecommunication
• Other End-Users
Geographically, the following national/local markets are fully investigated:
• South Korea
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
For each aforementioned country, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of key national markets by Modality, Technology, and End User over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in Asia Pacific biometrics-as-a-service market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
BioEnable Technologies Pvt. Ltd
Fingerprint Cards Ab
Fulcrum Biometrics, LLC
IDEMIA France SAS
ImageWare Systems Inc.
Leidos Holdings Inc.
Mobbeel Solutions S.L.L.
Nuance Communications Inc.
Precise Biometrics AB
SIC Biometrics, Inc.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys
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