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The biometrics-as-a-service market size is forecast to increase by USD 3.50 billion at a CAGR of 19.46% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for advanced security measures in various industries. In the retail sector, biometric technologies such as fingerprint recognition are being adopted to enhance inventory management and reduce theft. Retail companies are leveraging biometric shopper analytics to improve customer experiences and marketing efforts. E-commerce businesses are also integrating biometric identification methods to ensure secure and seamless transactions. The use of biometric systems in the retail industry is not only enhancing security but also providing retailers with valuable customer data and supply chain efficiencies. For instance, NtechLab's facial recognition technology is being used by retailers to analyze customer behavior and preferences, while Vsblty's solution offers real-time shopper analytics.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Modality
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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