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.
Behavioral Biometrics Market Overview
The report offers detailed market intelligence on market dynamics and major factors influencing Behavioral Biometrics market growth, such as drivers, restraints, opportunities, and industry-specific challenges, as well as an analysis of micro-markets in terms of individual growth trends, future prospects, and market contribution. The methodology for estimating and forecasting the market started with the collection of revenue data from secondary sources such as news articles and journals/magazines. Based on the revenues of the market's key players, the overall market size was calculated using the bottom-up method.
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Major Market Players
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
The Behavioral Biometrics market report also covers long-term contracts, joint ventures, mergers, new product launches and developments, and research and development activities, as well as business and corporate strategies adopted by key market players. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, which were then confirmed through primary research through extensive interviews with market experts. These data triangulation and market breakdown procedures were used to finish the overall market size engineering process and obtain precise statistics for all segments and sub-segments.
Market Segmentation
The report goes over the growth process, as well as macroeconomic and microeconomic factors, raw material source studies, and other technical details. The report examines the industry in depth, including both qualitative and quantitative data. It provides an overview and forecast of the global market segment by segment. The purpose of this report is to provide an overview of the Behavioral Biometrics market as well as detailed market segmentation based on product type, end-use, application, and geography.
During the forecast period, the global Behavioral Biometrics market is expected to expand rapidly. The report contains key market statistics on the market status of the leading market participants, as well as key market trends and opportunities.
Behavioral Biometrics 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 Segmentation, By Region
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Competitive Scenario
The reports discuss key developments in the Behavioral Biometrics market, as well as organic and inorganic growth strategies. Organic growth strategies such as product launches, product approvals, and other items such as patents and events are being emphasized by a variety of businesses. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. Market participants are expected to benefit from lucrative growth opportunities in the future as market demand rises.
Major Highlights of the Behavioral Biometrics Market Report
Table of Content
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 3. Market Dynamics
Chapter 4. Impact Analysis
Chapter 5. Value Chain Analysis
Chapter 7. Porter’s 5 Forces Model
Chapter 8. PEST Analysis
Continued…
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Jan 20, 2023