According to Stratistics MRC, the Global Behavioral Biometrics market is accounted for $1,229.81 million in 2020 and is expected to reach $6,075.22 million by 2028 growing at a CAGR of 22.1% during the forecast period. Some of the key factors propelling the market growth include the growing instances of cybercrime such as identity theft and financial crimes, the rise in online transactions and fraudulent activities, growth in applications of biometric technology in the commercial and government sectors, growing requirement of multi-layered security systems, and the development of the Internet of Things (IoT) landscape. However, low cybersecurity budget and high installation cost of the behavioral biometrics software is likely to hinder growth of the market.

Behavioral biometrics is a type of security system based on unique identifying and measurable human activity patterns, and their use to authenticate an individual computer user, either in real-time or with hindsight. It is disparity than physical biometrics as it is based on iris pattern or fingerprint. It requires additional software, and can incorporate with existing hardware. Behavioral biometrics is currently installed in online banking, e-commerce, payments, and high-security authentication markets.

By organization size, the large enterprises segment is expected to grow at a significant rate during the forecast period, due to the focus on implementing behavioral biometrics in their business applications to improve customer loyalty and reduce overall infrastructure costs, large enterprises allows to meet the increasingly stringent cybersecurity regulations and standards, and growing advances in technology and technology-driven business models.

On the basis of geography, Asia Pacific region is projected to have considerable market growth during the forecast period, owing to the increased per capita income, rise in the overall investments in the BB software to change the business processes in the finance industry, rapid urbanization and industrialization, and growing proliferation of mobile payment and real-time payment platforms across the region has increased fraud events.

Some of the key players in Behavioral Biometrics Market include IBM Corporation, Fair Isaac Corporation, Plurilock Security Solutions, Inc., Nuance Communications, Inc., Samsung Electronics Co., Ltd., BehavioSec Inc., SecuredTouch, Inc., Mastercard Incorporated, NEC Corporation, BioCatch Ltd, Zighra Inc., UnifyID Inc., Gemalto Inc., Thales Group, AimBrain Solutions Ltd., Callsign Inc., and Pinn Technologies, Inc.

Components Covered:

  • Services
  • Software

    Authentication Levels Covered:
  • Multi-Factor
  • Single Factor

    Deployment Models Covered:
  • Cloud
  • On-Premises
  • Hosted
  • Hybrid

    Techniques Covered:
  • Gait Analysis
  • Voice Recognition
  • Keyboard Dynamics
  • Palm Recognition
  • Signature Analysis
  • Lip Movement
  • Gesture Recognition
  • Iris/Retinal Recognition
  • Fingerprint Recognition
  • Vein Recognition
  • Face Recognition

    Organization Sizes Covered:
  • Large Enterprises
  • Small and Medium-Sized Enterprises (SMEs)

    Types Covered:
  • Passive
  • Active

    Sales Channels Covered:
  • Distributor
  • Direct Sales

    Applications Covered:
  • Fraud Detection and Prevention Management
  • Identity and Access Management
  • Risk and Compliance Management
  • Continuous Authentication
  • Payment
  • Data Protection
  • Voter Registration
  • Border Control
  • Latent Print Matching
  • National Identity (ID)
  • Public Safety
  • E-Passport
  • Emulation and Non-Human Behavior Detection

    End Users Covered:
  • Retail
  • Government, Law Enforcement, and Public Services
  • Casino
  • Forensic
  • Criminal
  • Sports
  • Speech Analytics
  • Healthcare and Welfare
  • Information Technology (IT) & Telecommunications
  • Banking, Financial Services, and Insurance (BFSI)
  • Automotive (Car Lock Systems)
  • Consumer Electronics
  • Call Center
  • Manufacturing
  • Media and Entertainment
  • Military & Defense
  • Energy and Utilities
  • Other End Users

    Regions Covered:
  • North America
  • ·US
  • ·Canada
  • ·Mexico
  • Europe
  • ·Germany
  • ·France
  • ·Italy
  • ·UK
  • ·Spain
  • ·Rest of Europe
  • Asia Pacific
  • ·Japan
  • ·China
  • ·India
  • ·Australia
  • ·New Zealand
  • ·South Korea
  • ·Rest of Asia Pacific
  • South America
  • ·Argentina
  • ·Brazil
  • ·Chile
  • ·Rest of South America
  • Middle East & Africa
  • ·Saudi Arabia
  • ·UAE
  • ·Qatar
  • ·South Africa
  • ·Rest of Middle East & Africa

    What our report offers:
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  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

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