Behavioral Biometrics Market

Behavioral Biometrics Market by Components (Software and Service [Managed Services and Professional Services]), Types (Gait Analysis, Keystroke Dynamics, Signature Analysis, and Voice Recognition), Applications (Continuous Authentication, Identity Proofing, Risk & Compliance Management, and Fraud Detection & Prevention), Deployment (Cloud and On-premise) and, Enterprise Size (Small & Medium Enterprise and Large Enterprise), End-users (Retail & E-commerce, BFSI, Government & Defense, Healthcare, IT & Telecom, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-2787
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 180
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The global behavioral biometrics market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increase in fraudulent activities and rising online transactions.

Behavioral Biometrics Market Key Takeaways

Behavioral biometrics analyzes several behavioral elements, for instance signature analysis, gait analysis, and voice recognition, in order to provide security solutions in several industries, such as e-commerce and retail, government, BFSI, and healthcare. The study classifies various driving factors influencing the acceptance of behavioral aspects across major end-user verticals. It also classifies the applications of the behavioral biometrics solution in multiple sectors. Developers are growingly using machine learning and AI with behavioral biometrics to develop authentication, verification, and identification products for amplified security. AI-driven behavioral biometrics are mostly used to takeover fraud suppression across financial institutions. However, data privacy is a huge concern for new technology, counting behavioral biometrics. The storage and collection of private data using these technologies, for instance voice recognition, face recognition, and signature, considered as an annexation of privacy by some. Moreover, voice recognition in behavioral biometrics need best-quality recording and it is hard to examine end users with background noise.

The COVID-19 pandemic has affected the behavioral biometrics technology market on several fronts. The pandemic has impelled various organizations operating in the market to for the time being halt manufacturing operations to combine with new government regulations. Revenue streams have affected owing to the dreadful impact caused by supply chains and trade disturbance on all operations. However, the pandemic has increased the demand for hygienic, secure, and convenient authentication systems all over the globe world.

Market Trends, Drivers, Restraints, and Opportunities

  • The rising demand for a double-layered security approach for financial firms is expected to accelerate the market growth.
  • Evolution of the Internet of Things landscape with the increasing demand for amplified security systems, is further expected to boost the market growth.
  • The growing penetration of smartphones for socializing, entertainment, and work objectives are rising the number of mobile applications for these services which is estimated fuel the market growth.
  • The popularity of enhanced techniques for instance continuous authentication based on behavioral biometrics is expected to provide growth platform in the market.
  • The increase in the exchange of data over the web are raising numerous privacy and security concerns.

Scope of the Report                               

The report on the global behavioral biometrics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Behavioral Biometrics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Components (Software and Service [Managed Services and Professional Services]), Types (Gait Analysis, Keystroke Dynamics, Signature Analysis, and Voice Recognition), Applications (Continuous Authentication, Identity Proofing, Risk & Compliance Management, and Fraud Detection & Prevention), Deployment (Cloud and On-premise) and, Enterprise Size (Small & Medium Enterprise and Large Enterprise), End-users (Retail & E-commerce, BFSI, Government & Defence, Healthcare, IT & Telecom, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

BioCatch; BehavioSec Inc.; Mastercard Incorporated; Fair Isaac Corporation; Plurilock Security Solutions Inc.; Nuance Communications, Inc.; SecuredTouch Inc; SecureAuth Corporation; Zighra; and UnifyID

Market Segment Insights

Software segment account for a key market share

Based on components, the global behavioral biometrics market is segmented software and service. The service segment is further classified into managed services and professional services. The software segment accounts for a key share of the market due to growing demand for reliable and safe digital transactions globally. For instance, Veridium Ltd., a provider of identity and access management software, introduced InMotion for VeridiumID, the only company software platform for mobile security in March 2019. However, the service segment is anticipated to expand at a rapid pace during the forecast period owing to increasing smartphone penetration.

Voice Recognition segment is estimated to expand at a robust growth rate

In terms of types, the market is differentiated into gait analysis, keystroke dynamics, signature analysis, and voice recognition. The voice recognition is estimated to expand at a robust growth rate due to growing adoption of voice recognition across banks to automate the login process to enhance customer experience. Meanwhile, the signature analysis segment accounts for a high growth rate owing to the increasing demand for safe financial and healthcare data.

Behavioral Biometrics Market By Types

Identity Proofing segment is projected to expand at a considerable CAGR

On the basis of applications, the behavioral biometrics market is divided into continuous authentication, identity proofing, risk & compliance management, and fraud detection & prevention. The identity proofing segment is projected to expand at a considerable CAGR due to growing awareness among organizations about the need to maintain the confidentiality of their data and counter the increasingly frequent and sophisticated cyber-attacks. On the other hand, the continuous authentication accounts for a key market share due to strict government regulations across the world, regarding identity proofing for improving security and safety.

On-premise segment is attributed to register a high CAGR

Based on deployment, the market is classified into cloud and on-premise. The on-premise segment is anticipated to register a high CAGR as behavioral biometrics solutions are easy to configure and integrate with existing online offerings. Moreover, the cloud segment exhibit a high growth rate owing to rising demand, various vendors in the market focused on offering cloud-based behavioral biometrics solutions.

Large Enterprise segment is anticipated to grow at a considerable rate

In terms of enterprise size, the market is categorized into small & medium enterprise and large enterprise. The large enterprise anticipated to grow at a considerable rate due to increasingly sophisticated data theft and cyber-attacks are driving the adoption of behavioral biometrics-based cyber security measures. Furthermore, the small & medium enterprise represent a substantial growth rate as various end-use industries such as healthcare, BFSI, and IT and telecom are collaborating with biometrics tool suppliers to secure personal and customer data from growing online frauds.

BFSI segment is anticipated to constitute a key share of the market

In terms of end-users, the market is segmented into retail & e-commerce, BFSI, government & defense, healthcare, IT & telecom, and others. The BFSI anticipated to constitute a key share of the market due to rising demand to improve e-Banking security. However, the others segment represent a substantial growth rate owing to continuous rise in government initiatives and financial regulations globally.

Behavioral Biometrics Market By End Users

North America is anticipated to constitute a key market share

In terms of regions, the global behavioral biometrics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.

The market of North America accounts for a key share of the market due to the presence of leading technology suppliers and increasing demand for data security. The market of Asia Pacific is expected to constitute major share of the market owing to rising penetration of mobile payment and real-time payment platforms across the region has increased fraud incidences.

Segments

The global behavioral biometrics market has been segmented on the basis of

Components

  • Software
  • Service
  • Managed Services
  • Professional Services

Types

  • Gait Analysis
  • Keystroke Dynamics
  • Signature Analysis
  • Voice Recognition

Applications

  • Continuous Authentication
  • Identity Proofing
  • Risk & Compliance Management
  • Fraud Detection & Prevention

Deployment

  • Cloud
  • On-premise

Enterprise Size

  • Small & Medium Enterprise
  • Large Enterprise

End-users

  • Retail & E-commerce
  • BFSI
  • Government & Defence
  • Healthcare
  • IT & Telecom
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • BioCatch
  • BehavioSec Inc.
  • Mastercard Incorporated
  • Fair Isaac Corporation
  • Plurilock Security Solutions Inc.
  • Nuance Communications, Inc.
  • SecuredTouch Inc.
  • SecureAuth Corporation
  • Zighra
  • UnifyID

Competitive Landscape

Key players competing in the behavioral biometrics market are BioCatch; BehavioSec Inc.; Mastercard Incorporated; Fair Isaac Corporation; Plurilock Security Solutions Inc.; Nuance Communications, Inc.; SecuredTouch Inc; SecureAuth Corporation; Zighra; and UnifyID. The main market players are continuously indulging in the activities such as mergers and acquisitions, research and developments, investments for innovative products and collaborations.

For instance, Fair Isaac Corporation (FICO) acquired EZMCOM Inc. security access provider In November 2019.

Behavioral Biometrics Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Behavioral Biometrics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Behavioral Biometrics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Behavioral Biometrics Market - Supply Chain
  4.5. Global Behavioral Biometrics Market Forecast
     4.5.1. Behavioral Biometrics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Behavioral Biometrics Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Behavioral Biometrics Market Absolute $ Opportunity
5. Global Behavioral Biometrics Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Behavioral Biometrics Market Size and Volume Forecast by Types
     5.3.1. Gait Analysis Keystroke Dynamics Signature Analysis Voice Recognition
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Behavioral Biometrics Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Behavioral Biometrics Market Size and Volume Forecast by Applications
     6.3.1. Continuous Authentication Identity Proofing Risk & Compliance Management Fraud Detection & Prevention
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Behavioral Biometrics Market Analysis and Forecast by End Users
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by End Users
     7.2.2. Y-o-Y Growth Projections by End Users
  7.3. Behavioral Biometrics Market Size and Volume Forecast by End Users
     7.3.1. Retail & E-commerce BFSI Government & Defence Healthcare IT & Telecom Others
  7.4. Absolute $ Opportunity Assessment by End Users
  7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Behavioral Biometrics Market Analysis and Forecast by Region
  8.1. Market Trends
  8.2. Introduction
     8.2.1. Basis Point Share (BPS) Analysis by Region
     8.2.2. Y-o-Y Growth Projections by Region
  8.3. Behavioral Biometrics Market Size and Volume Forecast by Region
     8.3.1. North America
     8.3.2. Latin America
     8.3.3. Europe
     8.3.4. Asia Pacific
     8.3.5. Middle East and Africa (MEA)
  8.4. Absolute $ Opportunity Assessment by Region
  8.5. Market Attractiveness/Growth Potential Analysis by Region
  8.6. Global Behavioral Biometrics Demand Share Forecast, 2019-2026
9. North America Behavioral Biometrics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
  9.2. North America Behavioral Biometrics Market Size and Volume Forecast by Country
     9.2.1. U.S.
     9.2.2. Canada
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. North America Behavioral Biometrics Market Size and Volume Forecast by Types
     9.4.1. Gait Analysis Keystroke Dynamics Signature Analysis Voice Recognition
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. North America Behavioral Biometrics Market Size and Volume Forecast by Applications
     9.7.1. Continuous Authentication Identity Proofing Risk & Compliance Management Fraud Detection & Prevention
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. North America Behavioral Biometrics Market Size and Volume Forecast by End Users
     9.10.1. Retail & E-commerce BFSI Government & Defence Healthcare IT & Telecom Others
  9.11. Basis Point Share (BPS) Analysis by End Users
  9.12. Y-o-Y Growth Projections by End Users
  9.13. Market Attractiveness/Growth Potential Analysis
     9.13.1. By Country
     9.13.2. By Product Type
     9.13.3. By Application
  9.14. North America Behavioral Biometrics Demand Share Forecast, 2019-2026
10. Latin America Behavioral Biometrics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Latin America Average Pricing Analysis
  10.2. Latin America Behavioral Biometrics Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
  10.4. Latin America Behavioral Biometrics Market Size and Volume Forecast by Types
     10.4.1. Gait Analysis Keystroke Dynamics Signature Analysis Voice Recognition
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Latin America Behavioral Biometrics Market Size and Volume Forecast by Applications
     10.7.1. Continuous Authentication Identity Proofing Risk & Compliance Management Fraud Detection & Prevention
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Latin America Behavioral Biometrics Market Size and Volume Forecast by End Users
     10.10.1. Retail & E-commerce BFSI Government & Defence Healthcare IT & Telecom Others
  10.11. Basis Point Share (BPS) Analysis by End Users
  10.12. Y-o-Y Growth Projections by End Users
  10.13. Market Attractiveness/Growth Potential Analysis
     10.13.1. By Country
     10.13.2. By Product Type
     10.13.3. By Application
  10.14. Latin America Behavioral Biometrics Demand Share Forecast, 2019-2026
11. Europe Behavioral Biometrics Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Europe Average Pricing Analysis
  11.2. Europe Behavioral Biometrics Market Size and Volume Forecast by Country
     11.2.1. Germany
     11.2.2. France
     11.2.3. Italy
     11.2.4. U.K.
     11.2.5. Spain
     11.2.6. Russia
     11.2.7. Rest of Europe
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Europe Behavioral Biometrics Market Size and Volume Forecast by Types
     11.4.1. Gait Analysis Keystroke Dynamics Signature Analysis Voice Recognition
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Europe Behavioral Biometrics Market Size and Volume Forecast by Applications
     11.7.1. Continuous Authentication Identity Proofing Risk & Compliance Management Fraud Detection & Prevention
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Europe Behavioral Biometrics Market Size and Volume Forecast by End Users
     11.10.1. Retail & E-commerce BFSI Government & Defence Healthcare IT & Telecom Others
  11.11. Basis Point Share (BPS) Analysis by End Users
  11.12. Y-o-Y Growth Projections by End Users
  11.13. Market Attractiveness/Growth Potential Analysis
     11.13.1. By Country
     11.13.2. By Product Type
     11.13.3. By Application
  11.14. Europe Behavioral Biometrics Demand Share Forecast, 2019-2026
12. Asia Pacific Behavioral Biometrics Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Asia Pacific Average Pricing Analysis
  12.2. Asia Pacific Behavioral Biometrics Market Size and Volume Forecast by Country
     12.2.1. China
     12.2.2. Japan
     12.2.3. South Korea
     12.2.4. India
     12.2.5. Australia
     12.2.6. Rest of Asia Pacific (APAC)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Asia Pacific Behavioral Biometrics Market Size and Volume Forecast by Types
     12.4.1. Gait Analysis Keystroke Dynamics Signature Analysis Voice Recognition
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Asia Pacific Behavioral Biometrics Market Size and Volume Forecast by Applications
     12.7.1. Continuous Authentication Identity Proofing Risk & Compliance Management Fraud Detection & Prevention
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Asia Pacific Behavioral Biometrics Market Size and Volume Forecast by End Users
     12.10.1. Retail & E-commerce BFSI Government & Defence Healthcare IT & Telecom Others
  12.11. Basis Point Share (BPS) Analysis by End Users
  12.12. Y-o-Y Growth Projections by End Users
  12.13. Market Attractiveness/Growth Potential Analysis
     12.13.1. By Country
     12.13.2. By Product Type
     12.13.3. By Application
  12.14. Asia Pacific Behavioral Biometrics Demand Share Forecast, 2019-2026
13. Middle East & Africa Behavioral Biometrics Market Analysis and Forecast
  13.1. Introduction
     13.1.1. Basis Point Share (BPS) Analysis by Country
     13.1.2. Y-o-Y Growth Projections by Country
     13.1.3. Middle East & Africa Average Pricing Analysis
  13.2. Middle East & Africa Behavioral Biometrics Market Size and Volume Forecast by Country
     13.2.1. Saudi Arabia
     13.2.2. South Africa
     13.2.3. UAE
     13.2.4. Rest of Middle East & Africa (MEA)
  13.3. Absolute $ Opportunity Assessment by Country
  13.4. Middle East & Africa Behavioral Biometrics Market Size and Volume Forecast by Types
     13.4.1. Gait Analysis Keystroke Dynamics Signature Analysis Voice Recognition
  13.5. Basis Point Share (BPS) Analysis by Types
  13.6. Y-o-Y Growth Projections by Types
  13.7. Middle East & Africa Behavioral Biometrics Market Size and Volume Forecast by Applications
     13.7.1. Continuous Authentication Identity Proofing Risk & Compliance Management Fraud Detection & Prevention
  13.8. Basis Point Share (BPS) Analysis by Applications
  13.9. Y-o-Y Growth Projections by Applications
  13.10. Middle East & Africa Behavioral Biometrics Market Size and Volume Forecast by End Users
     13.10.1. Retail & E-commerce BFSI Government & Defence Healthcare IT & Telecom Others
  13.11. Basis Point Share (BPS) Analysis by End Users
  13.12. Y-o-Y Growth Projections by End Users
  13.13. Market Attractiveness/Growth Potential Analysis
     13.13.1. By Country
     13.13.2. By Product Type
     13.13.3. By Application
  13.14. Middle East & Africa Behavioral Biometrics Demand Share Forecast, 2019-2026
14. Competition Landscape
  14.1. Global Behavioral Biometrics Market: Market Share Analysis
  14.2. Behavioral Biometrics Distributors and Customers
  14.3. Behavioral Biometrics Market: Competitive Dashboard
  14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     14.4.1. BioCatch BehavioSec Inc. Mastercard Incorporated Fair Isaac Corporation Plurilock Security Solutions Inc. Nuance Communications, Inc.  

The global behavioral biometrics market has been segmented on the basis of

Components

  • Software
  • Service
  • Managed Services
  • Professional Services

Types

  • Gait Analysis
  • Keystroke Dynamics
  • Signature Analysis
  • Voice Recognition

Applications

  • Continuous Authentication
  • Identity Proofing
  • Risk & Compliance Management
  • Fraud Detection & Prevention

Deployment

  • Cloud
  • On-premise

Enterprise Size

  • Small & Medium Enterprise
  • Large Enterprise

End-users

  • Retail & E-commerce
  • BFSI
  • Government & Defence
  • Healthcare
  • IT & Telecom
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • BioCatch
  • BehavioSec Inc.
  • Mastercard Incorporated
  • Fair Isaac Corporation
  • Plurilock Security Solutions Inc.
  • Nuance Communications, Inc.
  • SecuredTouch Inc.
  • SecureAuth Corporation
  • Zighra
  • UnifyID

Key players competing in the behavioral biometrics market are BioCatch; BehavioSec Inc.; Mastercard Incorporated; Fair Isaac Corporation; Plurilock Security Solutions Inc.; Nuance Communications, Inc.; SecuredTouch Inc; SecureAuth Corporation; Zighra; and UnifyID. The main market players are continuously indulging in the activities such as mergers and acquisitions, research and developments, investments for innovative products and collaborations.

For instance, Fair Isaac Corporation (FICO) acquired EZMCOM Inc. security access provider In November 2019.

Behavioral Biometrics Market By Key Players

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