AML Market Analysis by Offering (Solutions: KYC/CDD & Sanctions Screening, Transaction Monitoring, Case Management & Reporting; Services), Deployment Mode, Organization Size, End User (Banks & Financial Institutions, Insurance), and Region – Global Forecast to 2028
The Healthcare Biometrics as a Service market is set to reach USD 5.7 billion by 2028, growing from USD 0.4 billion in 2023, at a CAGR of 20.7%. The surge in telemedicine and remote patient monitoring drives the need for secure patient identification. Biometrics offer precise and reliable solutions, ensuring data integrity and streamlining authentication processes. However, the lack of universal biometric standards poses a challenge. The software segment, meeting stringent regulatory demands like HIPAA, is expected to grow the fastest, enhancing data security and driving market growth.
