Global Behavioural Biometrics Market, By Component (Software, Services), Type (Signature Analysis, Keystroke Dynamics, Voice Recognition, Gait Analysis, Others), Deployment Model (On-premise, Cloud), Application (Identity Proofing, Continuous Authentication, Risk & Compliance Management, Fraud Detection and Prevention, Others), Organization Size (SMBs, Large Enterprises), Industry Vertical (BFSI, Retail & E-commerce, Healthcare, Government & Public Sector, IT & Telecom, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Behavioural Biometrics Market
Behavioural biometrics market will reach at an estimated value of USD 5679.98 million by 2028 and grow at a CAGR of 23.60% in the forecast period of 2021 to 2028. Increase in the number of digital transactions is an essential factor driving the behavioural biometrics market.
Behavioral biometrics solution is generally used for the purpose of identification by examining activities of its users such as signature verification, keystroke dynamics, voice recognition, gesture recognition, and others.
Increase in the development of IoT landscape is a crucial factor accelerating the market growth, also rise in the growth in applications of biometric technology in commercial and government sectors, rise in the sale of smartphones with built-in fingerprint sensors and increase in research and development activities in the market are the major factors among others boosting the behavioural biometrics market. Moreover, rise in the market of cloud-based behavioral biometrics and increase in applications of behavioral biometrics will further create new opportunities for behavioural biometrics market in the forecast period mentioned above.
However, high investment and maintenance costs is the major factor among others restraining the market growth, and will further challenge the behavioural biometrics market in the forecast period mentioned above.
This behavioural biometrics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on behavioural biometrics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Behavioural Biometrics Market Scope and Market Size
Behavioural biometrics market is segmented on the basis of component, type, deployment model, application, organization size and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, behavioural biometrics market is segmented into software and services.
- Based on type, the behavioural biometrics market is segmented into signature analysis, keystroke dynamics, voice recognition, gait analysis and others.
- Based on deployment model, the behavioural biometrics market is segmented into on-premise and cloud.
- Based on application, the behavioural biometrics market is segmented into identity proofing, continuous authentication, risk & compliance management, fraud detection and prevention and others.
- Based on organization size, the behavioural biometrics market is segmented into SMBs and large enterprises.
The behavioural biometrics market is also segmented on the basis of industry vertical into BFSI, retail & e-commerce, healthcare, government & public sector, it & telecom and others.
Behavioural Biometrics Market Scope Country Level Analysis
Behavioural biometrics market is analysed and market size, volume information is provided by country, component, type, deployment model, application, organization size and industry vertical as referenced above.
The countries covered in the behavioural biometrics market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the behavioural biometrics market due to rise in the demand for data security through behavioral biometrics solutions and increase in the presence of leading technology providers in this region. Asia-Pacific is the expected region in terms of growth in behavioural biometrics market due to rise in the proliferation of mobile payment and real-time payment platforms across the region
The country section of the behavioural biometrics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Behavioural Biometrics Market Share Analysis
Behavioural biometrics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to behavioural biometrics market.
The major players covered in behavioural biometrics market report are IBM, BioCatch, Nuance Communications, Inc, SecureAuth Corporation, Mastercard., BehavioSec Inc, SecuredTouch Inc, ThreatMark, Plurilock Security Inc, Zighra, FICO, One Identity LLC, Callsign Inc, UnifyID, BioCatch, AuthenWare Corporation, TypingDNA, NoPassword, ID Finance and Adjust GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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