Market Share of Biometrics-as-a-Service Industry
The biometrics-as-a-service market is highly competitive and consists of several key players like Thales Group, Fujitsu Limited, M2SYS, NEC Corporation, and many more. However, the market remains fragmented, with many players trying to occupy the share. Their ability to continually innovate their products and services by investing significantly in research and development has allowed them to gain a competitive advantage over other players.
- April 2020 - Fujitsu Frontech North America Inc. announced the acquisition of Fulcrum Biometrics, LLC, Texas-based biometric hardware, software, and solutions provider. This transaction represents a significant commitment by the company to strengthen its biometrics business in North America and global identity management markets, including multi-factor authentication mandates imposed by new state and federal laws regarding financial institutions and healthcare providers' ability to share patient information.
- January 2020 - Thales applied innovative Field-Programmable Gate Array (FPGA) technology, designed for massive parallel data processing, to power its Biometric Matching System. With Gemalto's commercial off-the-shelf FPGA solution, Thales allows the number of servers to be cut in half and dramatically limits the overall carbon footprint. Border Agencies introducing Entry/Exit systems and various other government agencies requiring real-time response could now benefit from low latency biometric data processing.
Biometrics-as-a-Service Market Leaders
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M2SYS Technology - KernellÓ Inc.
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Fujitsu Limited
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NEC Corporation
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Thales Group (Gemalto NV)
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Leidos Holdings Inc.
*Disclaimer: Major Players sorted in no particular order
