Global Behavioral Biometric Market 2024-2028
The behavioral biometric market is forecasted to grow by USD 14.33 bn during 2023-2028, accelerating at a CAGR of 26.65% during the forecast period. The report on the behavioral biometric market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing cybersecurity concerns driving behavioral biometrics, stringent data protection regulations and compliance mandates, and shift toward digital channels and online transactions.
Technavio's behavioral biometric market is segmented as below:
By End-user
- Government
- BFSI
- Automotive
- Healthcare
- Others
By Technology
- Voice recognition
- Signature recognition
- Keystroke recognition
- Gait analysis
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the combining multiple biometric modalities as one of the prime reasons driving the behavioral biometric market growth during the next few years. Also, utilizing artificial intelligence for real-time fraud detection and increasing adoption of cloud-based behavioral biometrics will lead to sizable demand in the market.
The report on the behavioral biometric market covers the following areas:
- Behavioral biometric market sizing
- Behavioral biometric market forecast
- Behavioral biometric market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading behavioral biometric market vendors that include BIO key International Inc., BioCatch Ltd., Callsign Inc., Deepnet Security, Fingerprint Cards AB, International Business Machines Corp., Mangopay SA, Mastercard Inc., Microsoft Corp., Mitek Systems Inc., Plurilock Security Inc, Prove Identity Inc., Quest Software Inc., RELX Plc, SecureAuth Corp., ThreatMark, TypingDNA, Veridium IP Ltd., XTN Cognitive Security Srl, and Zighra Inc.. Also, the behavioral biometric market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.