Behavioral Biometrics Market Analysis, Top Companies, New Technology, Demand and Opportunity 2026

edwardebreen15 June 16, 2022

0 207 3 minutes read

According to IMARC Group’s latest report, titled “Behavioral Biometrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market grew at a CAGR of around 23% during 2015-2020. Behavioral biometrics refers to a cybersecurity solution that identifies and measures human physical and cognitive-behavioral patterns to verify users in real-time. It prevents fraud and relies on mobile computing devices, including smartphones, tablets, and wearables, to gather data through gyroscopes and accelerometers. Behavioral biometrics utilizes advanced software algorithms, such as artificial intelligence (AI), for identity authentication. It is predominantly adopted in the banking, financial services, and insurance (BFSI) industry for secured online payment services.

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The rising instances of data breaches are compelling various businesses to adopt authentication technology to protect customers against cybercrime, thereby primarily driving the behavioral biometrics market. It offers anti-fraud measures and continuous, risk-based identity authentication, which require no special hardware or additional security steps. Furthermore, behavioral biometrics can be combined with deep learning technology to make the process user-specific by modeling unique features of individual behavior. Additionally, owing to the convenience, flexibility, and efficiency, the applications of behavioral biometrics is expected to increase in the e-commerce sector over the forecasted period. Looking forward, IMARC Group expects the global behavioral biometrics market to continue its robust growth during the forecast period (2021-2026).

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

BehavioSec Inc.
BioCatch Ltd.
Fair Isaac Corporation
International Business Machines Corporation
Mastercard Incorporated
Nuance Communications Inc.
Plurilock Security Inc.
SecureAuth Corporation
SecuredTouch Inc.
ThreatMark s.r.o.
UnifyID Inc.
Zighra Inc.

Market Segmentation:

Breakup by Component:

Software
Services
- Managed Services
- Professional Services

Breakup by Type:

Keystroke Dynamics
Gait Analysis
Signature Analysis
Voice Recognition

Breakup by Application:

Identity Proofing
Continuous Authentication
Risk and Compliance Management
Fraud Detection and Prevention
Others

Breakup by Deployment:

Cloud-based
On-premises

Breakup by Enterprise Size:

Large Enterprise
Small and Medium Enterprise

Breakup by End Use Industry:

BFSI
Retail and E-commerce
Government and Defense
Healthcare
IT and Telecom
Others

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:

Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.