Global Behavioral Biometrics Market: Overview
Behavioral biometrics is the study of identification of unique and measureable features of human activities such as their movements, voice, the way they walk, and other signature patterns. Simple biometric systems will be converted to behavioral biometric authentication systems in the coming years. The unmet need for a multi-layered security approach is expected to boost the demand for behavioral biometrics in the foreseeable future. While physical biometric authentication is widely adopted, it poses the challenge of integrity of post-capture sessions. Behavior biometrics offers a way to ensure continuous monitoring. This is expected to fuel the growth of the global behavioral biometrics market in the forthcoming years.
This report provides in-depth analysis of the global behavioral biometrics market, focusing on the market opportunities and possible restraints, along with the latest trends driving the market. The report segments the global behavioral biometrics market based on its deployment, component, organization size, application and geography.
Global Behavioral Biometrics Market: Trends & Opportunities
The increase in the number of digital and transactions is leading to a surge in demand for secured communication. The burgeoning internet of things (IoT) landscape looks promising over the coming years, and is likely to impel the growth of the global behavioral biometrics market in the forthcoming years. The high demand for efficiency in digital transactions, which are now largely cashless, is driven by the growing e-commerce industry and smartphone penetration. With more and more fraudulent activities coming to light, the global behavioral biometrics market is likely to see immense potential for growth in the coming years.
The surge in IoT based devices is further leading to risk of data and identity theft. Having a physical biometric or password could make devices and assets highly susceptible. This is another key factor driving the global behavior biometrics market. The adoption of cloud computing by organizations is further impelling the need for behavioral biometrics. Recently, Plurilock introduced a behavioral biometric cybersecurity program in the form of a cloud-based solution. Emergence of such novel products is likely to garner demand in the gobal behavior biometrics market in the forthcoming years.
Global Behavioral Biometrics Market: Regional Outlook
On the basis of region, the global behavior biometrics market is expected to be dominated by North America. This can be ascribed to the high uptake of technologically advanced IT infrastructure in countries in the region. This is expected to boost the North behavioral biometrics market over the coming years.
Further, the regional market benefits from the governmental interest and funding in security sectors. The government in the region is known to aggressively fund research and start-ups in the field of behavioral biometrics.
Global Behavioral Biometrics Market: Competitive Landscape
Vendors in the global behavioral biometrics market are seen focusing on integrating technological innovations in their product portfolio. Funding, research and development, and collaborations are expected to be key strategies adopted by vendors to gain traction in the market.
Prominent vendors operating in the global behavioral biometrics market are BehavioSec, Nuance Communications, BioCatch, Mastercard, NoPassword, SecuredTouch, SecureAuth, Pinn Technology, and Callsign.
Market segmentation based on geography:
- North America
- South America
- Asia Pacific
- Middle East and Africa
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.