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Behavioral Biometrics Market Trends, Demand and Business Opportunities 2022-2027

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Behavioral Biometrics Market Trends, Demand and Business Opportunities 2022-2027

August 18
22:49 2022
Behavioral Biometrics Market Trends, Demand and Business Opportunities 2022-2027
Looking forward, IMARC Group expects the global behavioral biometrics market to continue its robust growth during the forecast period 2022-2027.

The IMARC Group provides extensive analysis of the behavioral biometrics industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on behavioral biometrics market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.

Informed covered in the report:

  • Historical market data from 2016-2021
  • CAGR of the market during the forecast period 2022-2027
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the Keyword market size and its contribution to the parent market
  • Upcoming market trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on key players
  • Comprehensive details of factors that will challenge the growth of smart meters market key players

Note: We are updating our reports, If you want the latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you via email within 24 to 48 hours.”

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Behavioral biometrics is a cybersecurity solution that analyzes a consumer’s cognitive behavior and digital features. It includes keystroke dynamics, gait analysis, signature analysis, voice recognition, cognitive biometrics, and mouse use characteristics. Behavioral biometrics is widely used for secure authentication, identity proofing, risk and compliance management, and fraud detection. As compared to physical biometrics, behavioral biometrics offers enhanced security, efficiency in threat detection, convenient functioning, flexibility in data collection, and effective access control. As a result, it finds extensive applications across defense, government, retail, e-commerce, healthcare, telecommunication, banking, financial services, and insurance (BFSI) industries.

Behavioral Biometrics Market Trends:

The global behavioral biometrics market is primarily being driven by significant growth in the BFSI industry. Behavioral biometrics is widely used to prevent identity theft, detect fraudulent transactions, build trust, and secure the authentication of customers due to the rising incidence of data breaches and cyberattacks. Additionally, the integration of machine learning (ML) and artificial intelligence (AI) to provide automatic threat detection and improve the accuracy rate, user experience, and functioning is providing an impetus to market growth. Furthermore, the rapid proliferation of smartphones and the Internet of Things (IoT)-enabled devices that provide continuous authentication using behavioral biometrics is creating a positive outlook for the market. Other factors, including increasing investments by several governments in biometric applications and widespread solution adoption in the e-learning sector, are anticipated to drive the market toward growth. Looking forward, IMARC Group expects the global behavioral biometrics market to continue its robust growth during the forecast period 2022-2027.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with 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.

Market Segmentation:

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

Breakup by Region:

  • 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, Others)

Ask Analyst for Customization and Explore full report with TOC & List of Figures

Key highlights of the report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • 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.

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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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