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.
According to AMA, the market for Behavioral Biometric is expected to register a CAGR of 23.8% during the forecast period to 2026. This growth is primarily driven by Increase in Online Transaction and Fraudulent Activities around the Globe.
Globally, a noticeable market trend is evident Technological Innovation Aimed At Improving Manufacturing Process. The Sensor Systems sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- 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 and Potential Growth in Emerging Countries
Lack of Technical Experts
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Behavioral Biometric Study Sheds Light on
The Behavioral Biometric Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Behavioral Biometric industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Behavioral Biometric industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.