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The Biometric-as-a-Service (BaaS) market is projected to reach USD 44.8 billion by 2032, growing at a CAGR of 22.2% during the forecast period of 2024-2032. This growth is driven by the increasing adoption of mobile biometrics, advancements in biometric technologies and cloud computing, and the integration of AI and ML algorithms to enhance authentication accuracy and user experience. The market is dominated by key players such as Idemia, NEC, Thales, and M2SYS, among others.
