Biometric middleware has gained paramount importance as an integral component of the integrated security apparatus. Biometric middleware is perceived as a key enabler of the plug-in mechanism that delivers enhanced security. As growing traction of biometrics-as-a-service (BaaS) model creates demand for biometric systems in trail, lucrative growth opportunities are imminent for the biometrics middleware in the foreseeable future.
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According to a new Fact.MR research, biometric middleware continues on its upward spiral, with a revenue difference in 2018 over 2017 estimated at nearly US$ 150 Mn. Growth of the biometric middleware market will remain influenced by myriad factors ranging from adoption of convenient security solutions to demand for real-time data processing that influences prospects of the end-to-end biometric service landscape. Each segment of the Biometrics Middleware market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:
North America, Latin America, Europe, Japan, APEJ, and MEA
The key players in the global Biometrics Middleware market report consist of
• Biocatch Ltd.
• Daon Inc.
• Aware Inc.
• Precise Biometrics Ab
• Aerendir Mobile Inc.
• Crossmatch Technologies Inc.
• Centrify Corporation
• Fischer International Identity, LLC.
• Imageware Systems Inc.
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Evolving requirements of end-users in the banking, financial services, and insurance (BFSI) sector have led biometric service providers to focus on the provision of BaaS model to clients. The prominent challenge of high upfront capital investment, which constrains adoption of biometric technologies in the BFSI sector, is offset by focus of service providers to offer subscription-based and predictable model.
Fact.MR study opines that, albeit revenues from sales of biometric middleware in the BFSI sector have been relatively low, demand and adoption are likely to fast gain momentum in 2018. A revenue growth of over 20% is foreseen for the biometric middleware sales in the BFSI sector in 2018.
The global Biometrics Middleware market covers the demand trends of each end user which includes
• Services, Communication and Media
• Transportation and Utilities
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What insights readers can gather from the Biometrics Middleware market report?
• A critical study of the Biometrics Middleware market on the basis of segment 1, segment 2 and segment 3.
• Learn the behavior pattern of every Biometrics Middleware market player – product launches, expansions, collaborations and acquisitions in the market currently.
• Examine and study the progress outlook of the global Biometrics Middleware landscape, which includes, revenue, production & consumption and historical & forecast.
• Understand important drivers, restraints, opportunities, and trends (DROT Analysis).
• Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.
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