Report Scope & Overview:
The Behavioral Biometrics Market Size was valued at USD 2.01 billion in 2022 and is expected to reach USD 11.64 billion by 2030 and grow at a CAGR of 24.5% over the forecast period 2023-2030.
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.
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MARKET DYNAMICS:
KEY DRIVERS:
Online transactions
IoT landscape
Enhanced security systems
RESTRAINTS:
Cybersecurity budget
OPPORTUNITIES:
Artificial intelligence
Cloud-based solutions
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.
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
By Organization Size
Large Enterprises
SMEs
By Industry
Retail & E-commerce
Healthcare
BFSI
Government & Defense
IT & Telecom
Others
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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
KEY PLAYERS:
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 Players
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 2.01 Billion |
| Market Size by 2030 | US$ 11.64 Billion |
| CAGR | CAGR of 24.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
Ans: The Behavioral Biometrics Market size was valued at 2.01 billion in 2022.
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.
Ans: The Behavioral Biometrics Market is growing at a CAGR of 24.5% over the forecast period 2023-2030.
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
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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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