Behavioral Biometric Trends and Forecast
The future of the global behavioral biometric market looks promising with opportunities in the BFSI, retail and e-commerce, healthcare, IT & telecom, and government and defense markets. The global behavioral biometric market is expected to reach an estimated $3.2 billion by 2030 with a CAGR of 23.4% from 2024 to 2030. The major drivers for this market are increase in fraudulent activities and online transactions worldwide and growing demand for multi-layer security in the finance sector.A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Behavioral Biometric by Segment
The study includes a forecast for the global behavioral biometric by solution, organization size, application, end use, and region.Behavioral Biometric Market by Solution [Shipment Analysis by Value from 2018 to 2030]:
- Behavioral Biometrics Software
- Services
Behavioral Biometric Market by Organization Size [Shipment Analysis by Value from 2018 to 2030]:
- Small And Medium-Sized Enterprises
- Large Enterprises
Behavioral Biometric Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Identity Verification & Validation
- Fraud Prevention
- Multi-Factor Authentication
- Others
Behavioral Biometric Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- BFSI
- Retail And E-Commerce
- Healthcare
- IT & telecom
- Government And Defense
Behavioral Biometric Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Behavioral Biometric Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies behavioral biometric companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the behavioral biometric companies profiled in this report include-- Biocatch
- Ibm
- Nuance Communications
- Secureauth
- UnifyID
- Behaviosec
- Securedtouch
- Threatmark
- Plurilock
- Zighra
Behavioral Biometric Market Insights
The publisher forecasts that identity verification & validation will remain the largest segment over the forecast period because the users are given several authentication choices based on their privilege levels.North America will remain the largest region over the forecast period due to increasing need for data security owing to the availability of top technology providers and behavioral biometrics solutions in this region.
Features of the Global Behavioral Biometric Market
- Market Size Estimates: Behavioral biometric market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Behavioral biometric market size by various segments, such as by solution, organization size, application, end use, and region in terms of value ($B).
- Regional Analysis: Behavioral biometric market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different solution, organization size, application, end use, and regions for the behavioral biometric market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the behavioral biometric market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the behavioral biometric market size?Answer: The global behavioral biometric market is expected to reach an estimated $3.2 billion by 2030.
Q2. What is the growth forecast for behavioral biometric market?
Answer: The global behavioral biometric market is expected to grow with a CAGR of 23.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the behavioral biometric market?
Answer: The major drivers for this market are increase in fraudulent activities and online transactions worldwide and growing demand for multi-layer security in the finance sector.
Q4. What are the major segments for behavioral biometric market?
Answer: The future of the global behavioral biometric market looks promising with opportunities in the BFSI, retail and e-commerce, healthcare, IT & telecom, and government and defense markets.
Q5. Who are the key behavioral biometric market companies?
Answer: Some of the key behavioral biometric companies are as follows:
- Biocatch
- Ibm
- Nuance Communications
- Secureauth
- UnifyID
- Behaviosec
- Securedtouch
- Threatmark
- Plurilock
- Zighra
Answer: The publisher forecasts that identity verification & validation will remain the largest segment over the forecast period because the users are given several authentication choices based on their privilege levels.
Q7. In behavioral biometric market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing need for data security owing to the availability of top technology providers and behavioral biometrics solutions in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the behavioral biometric market by solution (behavioral biometrics software and services), organization size (small and medium-sized enterprises and large enterprises), application (identity verification & validation, fraud prevention, multi-factor authentication, and others), end use (BFSI, retail and e-commerce, healthcare, IT & telecom, and government and defense), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Behavioral Biometric Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Biocatch
- Ibm
- Nuance Communications
- Secureauth
- UnifyID
- Behaviosec
- Securedtouch
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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