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
  • Europe
  • 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. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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.

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Behavioral Biometrics Market

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