Behavioral Biometrics Market Scope 2023:
This technology provides an impressive alternative to traditional means of authentication as it monitors and measures individual users’ behavior in order to identify them automatically. Factors such as the increasing demand for strong authentication systems, government initiatives to strengthen cybersecurity, and rapid digitization are driving the advancement of this technology. Consequently, behavioral biometrics can be used in various fields ranging from healthcare to banking, making it an exciting prospect for businesses looking to secure their operations.
The Behavioral Biometrics market is growing rapidly due to its ability to accurately detect users’ identities based on the way they interact with their device or application. Behavioral biometric techniques analyze data points such as typing speed, pressure, scroll speed and mouse movements that are unique to a user’s particular device and application, allowing organizations to identify users without the need for traditional passwords. Additionally, demand for improved security systems has driven growth in the global behavioral biometrics market which will rise significantly over the forecast period given ongoing investments in research & development activities along with rising adoption of cloud-based solutions. Companies are focusing on incorporating advanced technologies such as Artificial Intelligence (AI) into their products and strengthening their innovations, thereby boosting overall market shares.
“Behavioral Biometrics Market Size was valued at USD 2.01 billion in 2022 and is expected to reach USD 11.64 billion by 2030, and grow at a CAGR of 24.5% over the forecast period 2023-2030.”
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Major Key Players Analysis are covered in Behavioral Biometrics Market are listed below:
- BioCatch Ltd
- Nuance Communications Inc
- NuData Security
- SecuredTouch Ltd
- Fair Issac Corporation
- Callsign Inc
- Adjust GmbH
- Mastercard Incorporated
- Plurilock Security Solutions Inc
- SecureAuth Corporation
- BEHAVIOSEC INC
- EZMCOM Inc
- IBM Corporation
- NEC Corporation
- SAMSUNG SDS
In this section of the market study dedicated solely to major players in the Behavioral Biometrics market, our analysts provide a summary of the leading firms’ financial statements, as well as significant advances, product benchmarking, and SWOT analysis. A business description and financial information are also included in the firm profile section. The firms in this section can be tailored to meet the needs of the client.
This section of the study goes over the segmentation and sub-segmentation of the Behavioral Biometrics market. Furthermore, the study examines the target market’s best-performing segments as well as forecasts for the coming years.
Major Segments and Sub-Segment of Behavioral Biometrics Market are Listed Below:
- Voice Recognition
- Keystroke Dynamics
- Gait Analysis
- Signature Analysis
- Risk & Compliance Management
- Identity Proofing
- Continuous Authentication
- Fraud Detection & Prevention
By Organization Size
- Large Enterprises
- Retail & E-commerce
- Government & Defense
- IT & Telecom
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In this study, the years considered to estimate the market size of Behavioral Biometrics are as follows:
- History Year: 2016-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Year 2022 to 2028
Regional Analysis Covered in this report:
- North America [United States, Canada]
- Europe [Germany, France, U.K., Italy, Russia]
- Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
- Latin America [Mexico, Brazil, Argentina]
- Middle East & Africa [Turkey, Saudi Arabia, UAE]
Key Highlights of the Behavioral Biometrics Market Report
- For the leading market participants, comprehensive company profiles with business overviews, corporate insights, product benchmarking, and SWOT analyses are provided.
- Industry current and future market forecasts based on recent changes such as growth prospects, challenges, and restraints in both emerging and developed economies.
- Porter’s five forces analysis is used to examine the market from multiple angles.
- A qualitative and quantitative market analysis based on segmentation that takes both economic and non-economic factors into account.
The Behavioral Biometrics market study conducted its research using a combination of primary research, secondary research, and expert panel reviews. Secondary research includes industry materials such as news releases, annual reports, and research papers. Factual market expansion information can be found in industry periodicals, trade journals, government websites, and trade associations.
Table of Contents – Major Key Points
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Global Behavioral Biometrics Market Segmentation, By Component
- Global Behavioral Biometrics Market Segmentation, By Type
- Global Behavioral Biometrics Market Segmentation, By Deployment
- Global Behavioral Biometrics Market Segmentation, By Application
- Global Behavioral Biometrics Market Segmentation, By Organization Size
- Global Behavioral Biometrics Market Segmentation, By Industry
- Regional Analysis
- Company Profiles
- Competitive Landscape
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