Biometrics Middleware Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027

Published on : Nov-2018 | List of Tables : 49 | List of Figures : 51 | No. of Pages : 170 | Report Code : FACT1882MR | Format : ppt pdf Excel Word

Key Insights

Growing Traction of Biometrics-as-a-Service Model in BFSI Sector

Biometrics-as-a-service model has been a key focus area among biometric service providers to cater evolving requirements of end-users in BFSI sector. High upfront capital investment continues to challenge the adoption of biometrics in the BFSI sector. Biometric service providers are focusing on subscription-based and predictable model offerings to the BFSI industry, in order to increase their market penetration. Faster installation and execution of the BaaS model compared to traditional models has further, and maintenance and infrastructure costs covered by the providers is further expected to drive demand for biometrics-as-a-service in the BFSI sector. Although BaaS is gaining popularity as a feasible model, higher risk of cyberthreats are associated with it. Key vendors are putting efforts to improve their security apparatus, to mitigate challenges linked with the BaaS model. Demand for biometrics middleware will ride the coattails of rising adoption of BaaS model in the near future.

biometric middleware report

Convenient Security Solutions Gain Ground

The trend of digitalization has created a lucrative revenue stream for the biometrics middleware market, where data privacy, security, and access continues to be a key agenda among all digitally-driven businesses. These businesses are in constant search for convenient yet intelligent security solutions for avoiding fraudulent activities, market reputation and financial losses, as password security becomes more and more vulnerable to breaches. Various biometric technologies that range from signature to fingerprint verification continue to witness widespread acceptance across industries, in light of their cost-efficiency, reliability and accuracy. Biometrics middleware will witness high demand with growing reliance of enterprises on the biometric technologies for security.

Impact of Real-Time Data Processing on End-to-End Biometric Services Landscape

The need for data processing has been increasing significantly, as data monitoring services become more vulnerable to data concentration risks, devoid of location where data is stored – on cloud or remote server. Biometrics middleware providers have been developing peer-to-peer self-monitoring middleware solutions, for enabling real-time data management and processing. Growing demand for end-to-end solutions has created the requirement for integration of different middleware and software services. Leading biometric devices manufacturers are collaborating with middleware providers for establishing an integrated supply chain to deliver end-to-end solutions.

Multimodal Middleware Deems Biometrics as Fallback Security Solution

Reliance on biometric technologies has increased among enterprises in various industrial domains, which in turn has underpinned demand for multimodal biometric system. Multimodal biometric systems have now become ubiquitous, despite comparatively greater requirement for resources and time than monomodal systems. Additional modalities of the multimodal biometric systems enhance the de-duplication process, which in turn delivers greater accuracy. In light of the rising incorporation of multimodal biometric systems, the marketplace is booming with biometrics middleware vendors that deliver convenient multimodal middleware architectures unconstrained to single-core technology deployment.

Growing Demand from Governments Creating New Opportunities

Biometrics middleware developers continue to tap opportunities created by adoption of biometrics in the government sector. Increasing emphasis on security alludes rapid adoption of biometric systems at airports, along with growing reliance of institutions such as Transportation Security Administration, and Customs and Border Protection Agency, on the biometrics for revving up their security. Biometrics middleware will also witness high demand as adoption of biometrics gains ground in military and law enforcement sectors. With advancements in the facial recognition technology that provides more efficient policing, biometric authentication is expected to gain high traction in the near future, thereby creating demand for biometrics middleware.

Integration of AI in Biometrics to Pave New Avenues

Artificial intelligence, machine learning and deep learning are likened to hand-in-glove in the area of biometrics. AI-driven biometrics has been primarily employed for fraud prevention in the financial services sector. Massive data breaches and requirement for enabling risk-based payment app authentication has extended the application of AI in biometrics to identity proofing for providing a new dimension to the online applications’ validity. Advances in AI are envisaged to drive more capabilities of biometrics, and with constant adoption, further refinement in approach of AI implementation in biometrics are expected to be realized. Concerns about privacy that include possible ways of using AI-driven biometrics by various law-enforcement agencies for violating civil liberties have been impeding penetration of the technology. Key companies such as Camvi have been taking efforts to bring biometrics integrated with AI into spotlight, by emphasizing on AI-powered solutions for the next-generation biometric systems. Leveraging artificial intelligence, next-generation systems are expected to demonstrate the level of autonomy and form of adaptiveness. This will enable users in overcoming challenges presented by the real-world scenarios, such as sub-standard and poor biometric collection, and long-range facial recognition.

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Competition Landscape

Fact.MR’s report offers a comprehensive assessment of the biometrics middleware market’s competition landscape, and identified and profiles key biometrics middleware manufacturers. Presence of the biometrics middleware market players has been tracked and portrayed via an intensity map. A dashboard view of the biometrics middleware market players has also been offered in the report.

The report offers a detailed analysis on the company overview, product overview, recent development and key financial of the biometrics middleware market players. A SWOT analysis has also been offered on each biometrics middleware market player profiled in the report. Key biometrics middleware market players profiled in the report include Fischer International Identity, LLC, Crossmatch Technologies Inc., Precise Biometrics Ab, Daon Inc., Imageware Systems Inc., Centrify Corporation, and Identity Automation.

Key Developments of Biometrics Middleware Market Players

  • Aware Inc. has recently won a huge biometric contract with the government of United Kingdom. The company would assist in implementation of biometric services with applications in law enforcement, immigration, and border control.
  • Daon recently announced its success of biometric authentication solution, which is based on the FIDO Alliance standards, for customers of one of the largest Hong Kong banks. This success was from a combined effort of Daon and subsidiary of Tradelink, called Digi-Sign.
  • Aerendir is taking a novel approach toward mobile biometric authentication, called “proprioceptive neurophysiology.” This concept emphasizes on signals generated within individuals, and shaped uniquely by their brain. Aerendir’s system detects these signals through hardware, which is commonly available in mobile devices, enhancing the standard concept of fingerprint scan.

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Definition

A biometrics middleware provides common services for the biometric applications, and facilitates development of application through integration of authentication devices and heterogeneous computing. Biometrics middleware also aids in supporting interoperability across diverse applications and services that run on these devices. Biometrics middleware enables the connection between instructions and services via multiple processes.

About the Report

The report offers holistic insights on the biometrics middleware market for the period of forecast between 2018 and 2027. Size of the biometrics middleware market has been evaluated in terms of value (US$ Mn). A scrutinized assessment on the biometrics middleware market has also been offered, which includes key dynamics such as growth opportunities, trends, confinements and drivers, impacting the biometrics middleware market.

The main aim of the biometrics middleware market report is to deliver clients with authentic intelligence on the biometrics middleware market. This would further aid them in in devising effective strategies for expansion their businesses in the biometrics middleware market. The report also aids readers to align well with changing dynamics of the biometrics middleware market.

An overview of the biometrics middleware market has been provided in the report to aid readers in understanding current as well as future growth potential of the biometrics middleware market. Clients can leverage the insights offered in the biometrics middleware market report to take informed steps for future direction of their businesses, and make proper investment decisions in the biometrics middleware market.

Segmentation

The report offers an exhaustive segmental analysis on the biometrics middleware market. Key segments of the biometrics middleware market have been represented methodically through a taxonomy table. Important numbers associated with the market segments have been offered in the report, which include CAGR, revenues, volume, and market share in terms of value and volume.

Readers of the biometrics middleware market report can also gain information on revenue comparison, Y-o-Y growth comparison, and market share comparison of all the segments of biometrics middleware market identified. A country- and regional-level analysis has also been offered on the biometrics middleware market segments and their sub-segments.

The report has primarily divided the market categorically into industry, and region. The report has split the biometrics middleware market based on region into North America, Latin America, Asia-Pacific excluding Japan (APEJ), Europe, Middle East & Africa (MEA), and Japan.

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Additional Questions Answered

This report on the biometrics middleware market also answers to important queries other than aforementioned insights regarding demand and sales of biometrics middleware worldwide.

  • Which region will remain most lucrative for biometrics middleware market?
  • What will be the size of biometrics middleware market in 2018?
  • Which region is expected to witness fastest growth in biometrics middleware market?
  • Which vertical remains the largest adopter of biometrics middleware?
  • What are key strategies of biometrics middleware market players?

Research Methodology

A tested & proven, research approach forms the foundation for insights and forecast offered on the biometrics middleware market in the report. Exhaustive secondary research and comprehensive primary interview have been carried out for gaining credible information on the biometrics middleware market. Insights gained from the primary research have been used for validating the data acquired from secondary researches. The report serves as a credible source of intelligence on the biometrics middleware market, which enables the clients to make fact-based decision for their business growth in the biometrics middleware market.

Request methodology

Fact.MR’s recently published report titled “Biometrics Middleware Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018-2027,” gives detailed insights and forecast on the biometrics middleware market. The report also offers an in-depth analysis on key dynamics, including growth determinants, impediments, opportunities, and trends, which have significant impact on prospects of the biometrics middleware market.

Size of the biometrics middleware market has been evaluated in terms of value (US$ Mn). The report also offers information on the economic outlook across the globe and its indirect impact on growth of the biometrics middleware market. GDP outlook, and their influence on growth of the biometrics middleware market are among key areas assessed.

Chapter 1 – Biometrics Middleware Market Executive Summary

This chapter offers a summary of the report, wherein key dynamics and important numbers associated with the biometrics middleware market have been listed. This chapter also offers size and growth rate of the biometrics middleware market for the forecast period between 2018 and 2027. Highlights of key biometrics middleware market segments, including leading segments and fastest-growing segments, have also been included in this chapter.

Chapter 2 – Biometrics Middleware Market Overview

The second chapter of the report offers a brief overview of the biometrics middleware market, which includes a succinct introduction to the biometrics middleware market. A formal definition of the biometrics middleware has also been delivered in the overview chapter. A methodical representation of the key segments identified in the biometrics middleware market has been offered below the market introduction.

This chapter also involves information of macroeconomic factors influencing growth of the biometrics middleware market, along with study of advantages associated with use of biometrics middleware. A technology roadmap has been offered for the biometrics middleware market which includes insights on development of biometrics middleware worldwide.

A detailed pricing analysis on the biometrics middleware market on the basis of vertical, and region has been incorporated in this chapter. Porter’s Five Forces Analysis and PESTLE analysis has also been included in the report. Presence of key participants in the biometrics middleware market has been represented in the form of an intensity map based on region.

Chapter 3 – Biometrics Middleware Market Dynamics

This chapter highlights key dynamics impacting growth of the biometrics middleware market. Important aspects such as growth drivers, restraints and opportunities for the biometrics middleware market have been highlighted and scrutinized in the third chapter of the report. Key trends influencing prospects of the biometrics middleware market have also been covered in this chapter.

Chapter 4 - Biometrics Middleware Market Analysis and Forecast

This chapter offers precise forecast on the biometrics middleware market for the historical period (2013-2017) and the forecast period (2018-2027). Forecast and analysis delivered on the biometrics middleware market include important numbers associated with all the segments identified in the biometrics middleware market. This chapter includes volume and revenue comparison, Y-o-Y growth comparison, and market share comparison of the biometrics middleware market segments and their sub-segments.

Chapter 5 – North America Biometrics Middleware Market Analysis

This chapter gives a detailed information and accurate forecast on the biometrics middleware market in North America. Key trends impacting growth of the biometrics middleware market in North America have been offered in the report. Revenue and volume comparison of the biometrics middleware market segmented in North America has also been delivered in this chapter.

Chapter 6 – Latin America Biometrics Middleware Market Analysis

This chapter gives a detailed information and accurate forecast on the biometrics middleware market in Latin America. Key trends impacting growth of the biometrics middleware market in Latin America have been offered in the report. Revenue and volume comparison of the biometrics middleware market segmented in Latin America has also been delivered in this chapter.

Chapter 7 - Europe Biometrics Middleware Market Analysis

This chapter gives an outlook on the biometrics middleware market and its parent market in Europe, along with size and forecast of the biometrics middleware market in the region. A country level analysis has been offered on the Europe biometrics middleware market, based on all the market segments.

Chapter 8 - Japan Biometrics Middleware Market Analysis

This chapter gives an outlook on the biometrics middleware market and its parent market in Japan, along with size and forecast of the biometrics middleware market in the region. An in-depth analysis has been offered on the Japan biometrics middleware market, based on all the market segments.

Chapter 9 - APEJ Biometrics Middleware Market Analysis

This chapter gives an outlook on the biometrics middleware market and its parent market in Asia-Pacific excluding Japan (APEJ), along with size and forecast of the biometrics middleware market in the region. A country level analysis has been offered on the APEJ biometrics middleware market, based on all the market segments.

Chapter 10 - MEA Biometrics Middleware Market Analysis

This chapter gives a detailed information and accurate forecast on the biometrics middleware market in Middle East & Africa (MEA). Key trends impacting growth of the biometrics middleware market in MEA have been offered in the report. Revenue and volume comparison of the biometrics middleware market segmented in MEA has also been delivered in this chapter

Chapter 11 – Biometrics Middleware Market Competitive Assessment

This weighted section of the report delivers an all-inclusive assessment on the competition landscape of the biometrics middleware market. A dashboard view of key players in the biometrics middleware market has also been offered in this chapter. A SWOT analysis of these players operating in the biometrics middleware market has also been offered in this chapter.

Chapter 12 - Biometrics Middleware Market Company Profiles

Key players operating in the biometrics middleware market, as identified and profiled in the report, include Biocatch Ltd., Daon Inc., Aware Inc., Precise Biometrics Ab, Aerendir Mobile Inc., Crossmatch Technologies Inc., Centrify Corporation, Fischer International Identity, LLC, Identity Automation, and Imageware Systems Inc.

1. Executive Summary – Global Biometric Middleware Market
   1.1. Market Summary

2. Market Overview
   2.1. Market Definition
   2.2. Market Taxonomy

3. Market Dynamics
   3.1. Growth Drivers
   3.2. Industry Challenges
   3.3. Market trends

4. Global Biometric Middleware Market Analysis and Forecast
   4.1. Global Biometric Middleware Market Outlook
        4.1.1. Market Value Forecast and Analysis
   4.2. Global Biometric Middleware Market Outlook By Region
        4.2.1. Region Wise Assessment
               4.2.1.1. North America Market Value Share
               4.2.1.2. Latin America Market Value Share
               4.2.1.3. Europe Market Value Share
               4.2.1.4. Japan Market Value Share
               4.2.1.5. APEJ Market Share Value
               4.2.1.6. MEA Market Share Value
   4.3. Global Biometric Middleware Market Analysis By Industry
        4.3.1. BFSI
        4.3.2. Healthcare
        4.3.3. Manufacturing
        4.3.4. Services, Communication and Media
        4.3.5. Retail
        4.3.6. Transportation and Utilities
        4.3.7. Institutions
        4.3.8. Residential

5. North America Biometric Middleware Market Analysis
   5.1. Introduction
        5.1.1. North America Biometric Middleware Market Outlook
   5.2. North America Biometric Middleware Market Outlook By Country
        5.2.1. Country Wise Assessment
               5.2.1.1. US Market Value Share
               5.2.1.2. Canada Market Value Share
   5.3. North America Biometric Middleware Market Analysis By Industry
        5.3.1. Market Value (US$ Mn) Forecast and Analysis By Industry
        5.3.2. Y-o-Y Growth Comparison By Industry

6. Latin America Biometric Middleware Market Analysis
   6.1. Introduction
        6.1.1. Latin America Biometric Middleware Market Outlook
   6.2. Latin America Biometric Middleware Market Outlook By Country
        6.2.1. Country Wise Assessment
               6.2.1.1. Brazil Market Value Share
               6.2.1.2. Mexico Market Value Share
               6.2.1.3. Rest of LATAM Market Value Share
   6.3. Latin America Biometric Middleware Market Analysis By Industry
        6.3.1. Market Value (US$ Mn) Forecast and Analysis By Industry
        6.3.2. Y-o-Y Growth Comparison By Industry

7. Europe Biometric Middleware Market Analysis
   7.1. Introduction
        7.1.1. Europe Biometric Middleware Market Outlook
   7.2. Europe Biometric Middleware Market Outlook By Country
        7.2.1. Country Wise Assessment
               7.2.1.1. Germany Market Value
               7.2.1.2. UK Market Value
               7.2.1.3. France Market Value
               7.2.1.4. Spain Market Value Share
               7.2.1.5. Italy Market Value
               7.2.1.6. Rest of Europe Market Value Share
   7.3. Europe Biometric Middleware Market Analysis By Industry
        7.3.1. Market Value (US$ Mn) Forecast and Analysis By Industry
        7.3.2. Y-o-Y Growth Comparison By Industry

8. Japan Biometric Middleware Market Analysis and Forecast
   8.1. Introduction
        8.1.1. Japan Biometric Middleware Market Outlook
   8.2. Japan Biometric Middleware Market Analysis By Industry
        8.2.1. Market Value (US$ Mn) Forecast and Analysis By Industry
        8.2.2. Y-o-Y Growth Comparison By Industry

9. APEJ Biometric Middleware Market Analysis and Forecast
   9.1. Introduction
        9.1.1. APEJ Biometric Middleware Market Outlook
   9.2. APEJ Biometric Middleware Market Outlook By Country
        9.2.1. Country Wise Assessment
               9.2.1.1. China Market Value
               9.2.1.2. India Market Value
               9.2.1.3. South Korea Market Value
               9.2.1.4. Singapore Market Value
               9.2.1.5. Australia Market Value
               9.2.1.6. Rest of APEJ Market Value
   9.3. APEJ Biometric Middleware Market Analysis By Industry
        9.3.1. Market Value (US$ Mn) Forecast and Analysis By Industry
        9.3.2. Y-o-Y Growth Comparison By Industry

10. MEA Biometric Middleware Market Analysis and Forecast
   10.1. Introduction
        10.1.1. MEA Biometric Middleware Market Outlook
   10.2. MEA Biometric Middleware Market Outlook By Country
        10.2.1. Country Wise Assessment
               10.2.1.1. Israel Market Value
               10.2.1.2. Turkey Market Value
               10.2.1.3. Rest of MEA Market Value
   10.3. MEA Biometric Middleware Market Analysis By Industry
        10.3.1. Market Value (US$ Mn) Forecast and Analysis By Industry
        10.3.2. Y-o-Y Growth Comparison By Industry

11. Competitive Assessment
   11.1. Key Player Market Positioning
   11.2. Company Share Analysis. 2017

12. Company Profiles
   12.1. Biocatch Ltd.
        12.1.1. Company Overview
        12.1.2. Product Overview
   12.2. Daon Inc.
   12.3. Aware Inc.
   12.4. Precise Biometrics Ab
   12.5. Aerendir Mobile Inc.
   12.6. Crossmatch Technologies Inc.
   12.7. Centrify Corporation
   12.8. Fischer International Identity, LLC.
   12.9. Identity Automation
   12.10. Imageware Systems Inc.

13. Assumptions and Acronyms Used

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Biometrics Middleware Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027