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News  ›  GlobeNewswire Inc.

Biometrics as a Service Market is expected to generate a revenue of USD 12,245.22 Million by 2032, Globally, at 26.13% CAGR: Verified Market Research®

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Verified Market Research
Biometrics as a Service Market is expected to generate a revenue of USD 12,245.22 Million by 2032, Globally, at 26.13% CAGR: Verified Market Research®

The global Biometrics as a Service market is projected to grow from USD 3.04 billion in 2024 to USD 12.25 billion by 2032, driven by rapid digital transformation, cloud adoption, and increasing deployment across BFSI, government, and healthcare sectors. However, data privacy concerns, integration complexities, and regulatory compliance challenges remain significant restraints to market expansion.

Insights
CINF   positive

65-year streak of dividend increases, stable insurance business model, ability to adapt to economic changes and inflation


LDOS   positive

Key competitor positioned to benefit from government identity programs and border security investments driving biometric adoption.