In the recent trend, the biometric as a service has found its utilization across the many industry verticals in the Middle East and Africa. The storage of biometrics data on the cloud has enabled the organizations to cut down a lot of expenses. This has also moved the aim of the enterprises from the traditional password storage to the usage of the biometrics. Moreover, the biometrics-as-a-service is a possibly an effective solution to delivering the ubiquitous authentication to cloud services. Along it, a service provider can serve a light way of accessing data, depend on an individual’s biometric traits. Furthermore, the players of this market are developing the technologies for alleviating the potential of the fraudulent activities and several others for leading the fastest market growth and attaining the high value of market share in the Middle East and Africa more positively in the near future.
According to the report analysis, ‘Middle East and Africa 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 attaining the highest market share and leading the fastest market growth in the Middle East and Africa throughout the forecasted period while developing the technologies which further decreasing the number of threats and effective incorporation of such devices into the existing systems 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. Moreover, the focused of this market are investing the high amount of money for developing the application of these which further increase in the demand of this more positively and lead the market growth more positively in the coming years.
Middle East and Africa biometric as a service in healthcare market is estimated to reach a CAGR of 16.7% in the forecast period of 2019 to 2026. Moreover, the market of biometric as-a-service in the Middle East and Africa is divided into different segments such as access channel, modality type, application, deployment model, region, and access control and authentication. Whereas, based on the deployment model, the market is sectored into public cloud, private cloud and hybrid cloud.
Additionally, the security threat of the biometric data stored on the cloud is the only major restraint which hampers the market growth. Whereas, the significant rise in the usage of electronic gadgets, promptly growing demand in the healthcare sector, favorable government initiatives towards such devices, high security issues and several others are the major growth drivers for leading the market growth more positively. Therefore, in the near future, it is anticipated that the market of biometrics-as-a-service will increase in the Middle East and Africa over the forecasted period with the high amount of investment by the existing key players.
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Ankur Gupta, Head Marketing & Communications