Global Behavioral Biometric Market Overview:
Behavioural biometrics system refers to the cognitive footprint of the user, which focuses on different behavioural characteristics of the user as to how they perform a specific action. These solutions consist of various types of solutions depending on their authentication methods such as keystroke dynamics, gait analysis, signature analysis, and others. This technology decreases the dependency on passwords and other forms of authentication and prevents a single point of failure. Some of the key players profiled in the study are BioCatch (Israel), IBM (United States), Nuance Communications (United States), BehavioSec (Sweden), SecureAuth (United States), Plurilock (Canada), Mastercard (United States), ThreatMark (Czech Republic), SecuredTouch (United States), Zighra (Canada), XTN (Italy), UnifyID (United States), Callsign (United Kingdom), EZMCOM (United States), ID Finance (Spain), TypingDNA (Romania) and Sentegrity (United States). According to Market Analyst at AMA, the Global Behavioral Biometric market may see a growth rate of 23.8% and would reach the market size of USD3.92 Million by 2025.
On the basis of geography, the market of Behavioral Biometric has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. If we see Market by Organization Size, the sub-segment i.e. Organization Size will boost the Behavioral Biometric market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. On-Premises will boost the Behavioral Biometric market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Verticals, the sub-segment i.e. Banking, Financial Services and Insurance will boost the Behavioral Biometric market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Online Transaction and Fraudulent Activities around the Globe
- Technological Innovation Aimed At Improving Manufacturing Process
- High Installation Cost of the Behavioral Biometrics Software
- Enhanced Security as Compared to Static Biometrics
- Potential Growth in Emerging Countries
- Lack of Technical Experts
Target Audience:Biometric Component And Equipment Manufacturers And Suppliers, Artificial Intelligence (AI) Solution Providers, Managed Service Providers, User Data Analytics Software Providers, Professional Service Providers, Legal Agencies, Device Manufacturers And Suppliers, Government Organizations, Technology Standards Organizations, Forums, Alliances, And Associations Related To The Market, System Integrators and Installation, Monitoring, And Controlling Companies
Major Objectives Focused through this Study To define, describe, and forecast the Global Behavioral Biometric market on the basis of product [Gait Analysis, Keystroke Dynamics, Signature Analysis, Voice Recognition and Others] , application [Identification And Access Management, Emulation And Non-Human Behavior Detection, Fraud Detection And Prevention and Risk Management], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Behavioral Biometric market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Behavioral Biometric industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are One Identity (United States), NoPassword (United States), FST Biometrics (Israel), Unbotify (Israel), Pinn Technology (United States), Nethone (Poland), AimBrain (United Kingdom) and AuthenWare (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Behavioral Biometric market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.