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Behavioral Biometrics Market

Behavioral Biometrics Market Size, Share & Segment By Component (Software, Service), By Type (Voice Recognition, Keystroke Dynamics, Gait Analysis, Signature Analysis, Others), By Deployment (On-Premise, Cloud-Based), By Application (Risk & Compliance Management, Identity Proofing, Continuous Authentication, Fraud Detection & Prevention), By Organization Size (Large Enterprises, SMBs), By Industry (Retail & E-Commerce, Healthcare, BFSI, Government & Defense, IT & Telecom, Others), and By Regions | Global Market Forecast 2022-2028

Report Id: SNS/SEMI/1300 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Behavioral Biometrics Market Size was valued at USD 1.62 billion in 2021 and is expected to reach USD 7.53 billion by 2028, and grow at a CAGR of 24.5% over the forecast period 2022-2028.

Users' functions such as keystroke dynamics, signature verification, voice recognition, touch recognition, and more are tested using a behavioral biometrics solution for diagnostic purposes. The biometrics system in this programme compares user behavior to a profile based on a large variety of physical, mental, and bodily attributes. This technology is predicted to improve data security between multiple end users, resulting in significant future market growth potential.

Behavioral Biometrics Market Revenue Graph

MARKET DYNAMICS: 

KEY DRIVERS:

  • Online transactions.

  • IoT landscape.

  • Enhanced security systems.

RESTRAINTS: 

  • Cyber security budget.

OPPORTUNITIES: 

  • Artificial intelligence.

  • Cloud-based solutions.

CHALLENGES: 

  • This will be covered under the final version of the report.

IMPACT OF COVID-19: 

The COVID-19 epidemic was had been expected to damage the biometrics technology market in a number of areas. The epidemic has forced many companies operating in the market to suspend production operations in order to comply with new government regulations. Revenue is directly affected by the adverse effects of the supply chain and the disruption of trade in all operations. However, the epidemic has increased the need for secure, clean and simple verification systems around the world. The highly infectious nature of COVID-19 has made people wary of touching card readers, buttons, and other objects used to prove authenticity. This has increased the need for behavioral-based technologies such as voice recognition and motion analysis, which provide accurate human and online diagnostic solutions and do not contribute to the spread of COVID-19 and other viruses.

BASED ON TYPE With its market share, the voice recognition component prevailed. Voice assistants such as Google Home, Alexa, Siri, and Cortana are becoming increasingly popular, and users may be interested in adopting voice biometrics to unlock their own devices. Because it incorporates individual similarities between voice samples, voice recognition also aids in the detection of fraudsters in the voice channel. These additions are expected to help the voice recognition component expand even more. The market is split into keystroke dynamics, gait analysis, signature analysis, and speech recognition based on the kind.

BY APPLICATION Part of the proof of ownership currently controls over 39% of the market and is projected to continue to do so even during forecasting. Users can choose from a range of authentication choices according on their copyright levels with personal authentication solutions. These solutions also assist in the establishment of policies to safeguard key applications by constructing fail-safe systems. The market is divided into four categories based on the application: evidence of ownership, proved continuous authentication, risk and compliance control, and fraud detection and protection.

BY DEPLOYMENT With their market share, a segment of major companies dominated the market. Large corporations emphasise the use of ethical biometrics in their business strategy to boost consumer loyalty and cut infrastructure expenses. The need for ethical biometrics in the big business segment is predicted to grow as a result of this practise. Biometrics-based behavioural measures, which enable flexible and ongoing protection for major enterprises, are being adopted as a result of increasingly complicated data theft and cyber attacks. Furthermore, ethical biometrics solutions enable large corporations to comply with stringent internet security regulations and standards like as ISO 27001, NIST, and the Health Insurance and Accountability Act.

COMPETITIVE LANDSCAPE:

The Key players in Global Behavioral Biometrics Market are BioCatch Ltd., Nuance Communications Inc., NuData Security, SecuredTouch Ltd., UnifyID, Fair Issac Corporation, ThreatMark, Callsign Inc., Adjust GmbH, Mastercard Incorporated, Plurilock Security Solutions Inc., SecureAuth Corporation, Zighra, BEHAVIOSEC INC., EZMCOM Inc., IBM Corporation, NEC Corporation, SAMSUNG SDS and Other.

KEY MARKET SEGMENTATION:

By Component

  • Software

  • Service

By Type

  • Voice Recognition

  • Keystroke Dynamics

  • Gait Analysis

  • Signature Analysis

  • Others

By Deployment

  • On-premise

  • Cloud-based

By Application

  • Risk & Compliance Management

  • Identity Proofing

  • Continuous Authentication

  • Fraud Detection & Prevention

By Organization Size

  • Large Enterprises

  • SMBs

By Industry

  • Retail & E-commerce

  • Healthcare

  • BFSI

  • Government & Defense

  • IT & Telecom

  • Others

Behavioral Biometrics Market Segment Pie Chart

REGIONAL ANALYSIS:

With its revenue share, North America led the market. In North America, the growing demand for data security through ethical biometrics solutions, as well as the existence of major technology suppliers, are projected to drive market expansion. Furthermore, end-to-end businesses in the region, such as BFSI, government, IT, and telecom, are focusing heavily on biometrics ethics to safeguard their delivery and customer data. Governments in the region are likewise keen on implementing biometric behavior, and are funding and organising a variety of research programmes to improve biometrics applications for improved ethics.

Over the projection period, Asia Pacific is expected to increase significantly. As the number of mobile payments and real-time payment platforms in the region grows, so does the risk of fraud, necessitating the use of ethical biometrics. Furthermore, regional financial services companies place a premium on offering customers with secure verification solutions based on ethical biometrics.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Behavioral Biometrics Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.62 Billion
Market Size by 2028 US$ 7.53 Billion
CAGR CAGR of 24.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Component (Software, Service)
• By Type (Voice Recognition, Keystroke Dynamics, Gait Analysis, Signature Analysis, Others)
• By Deployment (On-Premise, Cloud-Based)
• By Application (Risk & Compliance Management, Identity Proofing, Continuous Authentication, Fraud Detection & Prevention)
• By Organization Size (Large Enterprises, SMBs)
• By Industry (Retail & E-Commerce, Healthcare, BFSI, Government & Defense, IT & Telecom, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles BioCatch Ltd., Nuance Communications Inc., NuData Security, SecuredTouch Ltd., UnifyID, Fair Issac Corporation, ThreatMark, Callsign Inc., Adjust GmbH, Mastercard Incorporated, Plurilock Security Solutions Inc., SecureAuth Corporation, Zighra, BEHAVIOSEC INC., EZMCOM Inc., IBM Corporation, NEC Corporation, SAMSUNG SDS and Other.
Key Drivers • Online transactions.
• IoT landscape.
RESTRAINTS • Cyber security budget.


Frequently Asked Questions (FAQ) :

The Behavioral Biometrics Market size was valued at 177.4 billion in 2021 at a CAGR of 9.9%.

North America is dominating the Behavioral Biometrics Market.

The Key players in Behavioral Biometrics Market are BioCatch Ltd., Nuance Communications Inc., NuData Security, SecuredTouch Ltd., UnifyID, Fair Issac Corporation, ThreatMark, Callsign Inc., Adjust GmbH, Mastercard Incorporated, Plurilock Security Solutions Inc., SecureAuth Corporation, Zighra, BEHAVIOSEC INC., EZMCOM Inc., IBM Corporation, NEC Corporatio, SAMSUNG SDS and Other.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Global Behavioral Biometrics Market Segmentation, by Component

8.1Introduction

8.2 Software

8.3 Service

 

9. Global Behavioral Biometrics Market Segmentation, by type

9.1 Introduction

9.2 Voice Recognition

9.3 Keystroke Dynamics

9.4 Gait Analysis

9.5 Signature Analysis

9.6 Others

 

10. Global Behavioral Biometrics Market Segmentation, By Deployment

10.1 Introduction

10.2 On-premise

10.3 Cloud-based

 

11. Global Behavioral Biometrics Market Segmentation, By application

11.1 Introduction

11.2 Risk & Compliance Management

11.3 Identity Proofing

11.4 Continuous Authentication

11.5 Fraud Detection & Prevention

11.6 Other

 

12. Global Behavioral Biometrics Market Segmentation, By Organization size

12.1 Introduction

12.2 Large Enterprises

12.3 SMBs

12.4 Other

 

13. Global Behavioral Biometrics Market Segmentation, By Industry

13.1 Introduction

13.2 Retail & E-commerce

13.3 Healthcare                               

13.4 BFSI

13.5 Government & Defense

13.6 IT & Telecom

13.7 Others

 

14. Regional Analysis

14.1 Introduction

14.2 North America

14.2.1 USA

14.2.2    Canada

14.2.3    Mexico

14.3        Europe

14.3.1    Germany

14.3.2    UK

14.3.3    France

14.3.4    Italy

14.3.5    Spain

14.3.6    The Netherlands

14.3.7    Rest of Europe

14.4        Asia-Pacific

14.4.1    Japan

14.4.2    South Korea

14.4.3    China

14.4.4    India

14.4.5    Australia

14.4.6    Rest of Asia-Pacific

14.5        The Middle East & Africa

14.5.1    Israel

14.5.2    UAE

14.5.3    South Africa

14.5.4    Rest

14.6        Latin America

14.6.1    Brazil

14.6.2    Argentina

14.6.3    Rest of Latin America

 

15. Company Profiles

15.1 Mastercard Incorporated.

15.1.1 Financial

15.1.2 Products/ Services Offered

15.1.3 SWOT Analysis

15.1.4 The SNS view

15.2 BioCatch Ltd.

15.3 Nuance Communications Inc.

15.4 NuData Security

15.5 SecuredTouch Ltd.

15.6 UnifyID

15.7 Fair Issac Corporation

15.8 ThreatMark

15.9 Callsign Inc.

15.10 Adjust GmbH

15.11 Mastercard Incorporated

15.12 Plurilock Security Solutions Inc.

15.13 SecureAuth Corporation

15.14 Zighra

15.15 BEHAVIOSEC INC.

15.16 EZMCOM Inc.

15.17 IBM Corporation

15.18 NEC Corporation

15.19 SAMSUNG SDS

15.20 Other

 

16.Competitive Landscape

16.1 Competitive Benchmark

16.2 Market Share analysis

16.3 Recent Developments

 

17. Conclusion

 

 

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