IMARC Group, a leading market research company, has recently releases report titled “Behavioral Biometrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global behavioral biometrics market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Behavioral Biometrics Market?
The global behavioral biometrics market size reached US$ 3.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.9 Billion by 2028, exhibiting a growth rate (CAGR) of 13.5% during 2023-2028.
What are Behavioral Biometrics?
Behavioral biometrics is a technology that uses an individual's unique behavioral patterns, such as keystrokes, mouse movements, and touchpad swipes, to identify and authenticate them. It is a form of biometric authentication that relies on the person's behavioral characteristics, rather than physical traits like fingerprints or facial recognition. Behavioral biometrics can be used in various applications, such as online banking, e-commerce, and cybersecurity, to detect and prevent fraudulent activities. It offers a high level of security, as behavioral patterns are difficult to imitate, and can provide continuous authentication, thus making it a valuable tool in the modern digital age.
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What are the Growth Prospects and Trends in the Behavioral Biometrics Market?
The increasing need for advanced security solutions represents one of the significant factors driving the market growth across the globe. In line with this, the rising use of digital technologies is contributing to the growth of the market. The market is also driven by the rising risk of cyber-attacks and fraud, coupled with the increasing number of online transactions and digital interactions. In addition to this, the widespread adoption of mobile and wearable devices is acting as a major growth-inducing factor. Other factors, such as the increasing use of artificial intelligence (AI) and machine learning (ML) technologies, the rising demand for user-friendly and seamless authentication solutions, and increasing regulatory requirements for data security and privacy, are creating a positive outlook for the market.
Who are the Key Players Operating in the Behavioral Biometrics Industry?
The competitive landscape of the industry has also been examined along with the profiles of the key players:
- BehavioSec Inc.
- BioCatch Ltd.
- Fair Isaac Corporation
- International Business Machines Corporation
- Mastercard Incorporated
- Nuance Communications Inc.
- Plurilock Security Inc.
- SecureAuth Corporation
- SecuredTouch Inc.
- ThreatMark s.r.o.
- UnifyID Inc.
- Zighra Inc.
What is Included in Market Segmentation?
The report has categorized the market based on component, type, application, deployment, enterprise size and end use industry.
Breakup by Component:
- Software
- Services
- Managed Services
- Professional Services
Breakup by Type:
- Keystroke Dynamics
- Gait Analysis
- Signature Analysis
- Voice Recognition
Breakup by Application:
- Identity Proofing
- Continuous Authentication
- Risk and Compliance Management
- Fraud Detection and Prevention
- Others
Breakup by Deployment:
- Cloud-based
- On-premises
Breakup by Enterprise Size:
- Large Enterprise
- Small and Medium Enterprise
Breakup by End Use Industry:
- BFSI
- Retail and E-commerce
- Government and Defense
- Healthcare
- IT and Telecom
- Others
Regional Analysis:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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