According to a recent report by FactMR, the biometric middleware solution market is likely to see more demand in the coming years. This kind of solution facilitates enterprises to rapidly deploy biometrics solutions without any development hassles within a very affordable budget and the demand is rising dramatically.
What is Biometric Middleware?
Biometric middleware is a ready software solution that facilitates biometric identification (1:N) or authentication (1:1) functions for desktop or web applications with the help of a biometric scanner and a biometric matching engine. When using biometric middleware, it’s just a matter of hours to deploy a full-fledged biometric system. Some middleware solutions, like Hybrid Biometric Platform by M2SYS, even comes with support for multiple biometric modalities like the fingerprint, finger vein, iris, and facial recognition.
Market Scenario
Research conducted by Fact.MR disclosed their report on the market size of biometric middleware. According to present demand and the rate of adoption of biometric middleware in enterprises, it is expected to reach 4.3 billion US dollars in the next 10 years, whereas the present market size is just around 1 billion US dollars. Another market research report recognized M2SYS Technology as one of the leading contributors behind this growth. There are millions of patients in the USA relying on their biometric identification systems, thousands of bank account holders are identified every day and enterprises are saving billions of dollars per year by optimizing their workforce.
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