Investing in Biometrics-as-a-Service in Border Control

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1Q 2020 | IN-5709

 

Moving beyond Traveler Processing

NEWS


This ABI Insight will delve into some top-level findings regarding Biometrics-as-a-Service (BaaS) from ABI Research’s latest Biometrics in Border Control (AN-5243) report exploring various applications, opportunities, and challenges in border control. As a critical, high-value market it comes as no surprise that border control is continuously adopting more biometrics technologies, spanning everything from traveler authentication, processing, and boarding to law enforcement and surveillance operations.

Established Vendors and New Market Entrants

IMPACT


In total, biometric device revenue in border control stands at approximately US$1.2 billion in 2020 and is expected to reach US$1.45 billion by 2024, when surveillance camera device revenues operating in land borders, seaports, and airports will hit US$1.8 billion. This influx of biometric devices (especially the IP-connected ones) creates the perfect ecosystem that is ripe for new monetization options. There are still quite a few profitable monetization options in the border con…

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