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The global behavioral biometrics market size reached US$ 1,471.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 5,056.1 Million by 2027, exhibiting a growth rate (CAGR) of 22.9% during 2022-2027.
Behavioral biometrics is a cybersecurity solution that records and identifies human behavioral patterns to verify users in real-time. It relies on mobile computing devices, such as smartphones, tablets and wearables, to capture data through accelerometers and gyroscopes. The data is then analyzed using advanced software algorithms like artificial intelligence (AI) to support identity authentication and fraud detection. At present, behavioral biometrics are widely deployed in the banking, financial services and insurance (BFSI) sector for securing online payment services.
The growing instances of data breaches worldwide are encouraging organizations to adopt authentication technology for preventing fraudulent transactions and secure customers against cybercrime. This represents one of the major factors propelling the behavioral biometrics market growth as it offers robust, continuous, risk-based identity authentication and anti-fraud measures, which require no special hardware and additional security steps. Additionally, the rising need for high-security enterprise solutions to address the challenges of securing digital identity for governmental applications is bolstering the market growth. Behavioral biometrics for these applications can be configured using a layered approach depending on the location of the end user and the confidentiality of the data. It can also be combined with deep learning technology to model unique features of individual behavior and differentiate them from frauds, making the entire process more user-specific. Apart from this, as behavioral biometrics provides flexibility, convenience, efficiency, and insider threat detection, its application is anticipated to expand in the e-learning sector for exam integrity solutions.
IMARC Group provides an analysis of the key trends in each sub-segment of the global behavioral biometrics market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, type, application, deployment, enterprise size and end use industry.
Breakup by Component:
Breakup by Type:
Breakup by Application:
Breakup by Deployment:
Breakup by Enterprise Size:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Zighra Inc.
|Base Year of the Analysis||2021|
|Segment Coverage||Component, Type, Application, Deployment, Enterprise Size, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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. and Zighra Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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