Behavioral Biometrics Market to Reach $3.7 Billion By 2024: Report
The Global Behavioral Biometrics Market is estimated to reach USD 3.07 Billion in 2024 at a CAGR of 23.2%. Rising demand for cloud computing, rising combat malware and robotic activities, increasing digitization in financial services, and adoption digital services in healthcare expected to drive the market during forecast period. However, cybercrime and fraud issues act as a restrain to the market during next five years. Advancing machine learning algorithms, growing demand for fingerprint sensor and EMV technology, and highly adoption of artificial intelligence is identified as an opportunity in this market.
Biometrics is a technology that use to identify the unique physical and behavioral characteristics of a person. Behavioral biometrics technology provide user security to identify, measure, and record the human behavioral pattern that help us to recognize fingerprints, signature, facial patterns and voice. Some key players of the market Gemalto NV, BioCatch, IBM Corporation, Nuance Communications, Inc., Mastercard, Plurilock, One Identity LLC., and ThreatMark andUnifyID among others.
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Behavioral Biometrics Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global behavioral biometrics market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of technology, the market is segmented into cloud and on-premises. By type, the behavioral biometrics market is segmented voice recognition, signature, gesture recognition, iris recognition, and others. By solution type the market is segmented into fraud control, payment, identification, data protection, risk management, and others. By component, the market is segmented software and services. By end user, the market is segmented BFSI, e-commerce, telecom, government, manufacturing, retail, and military & defense. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, and The Middle East and Africa with individual country-level analysis.
Behavioral Biometrics Market: Report Scope
The report on this market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Companies Covered
· Gemalto NV (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
· BioCatch
· IBM Corporation
· Nuance Communications, Inc.
· Mastercard
· Plurilock
· One Identity LLC
· ThreatMark
· UnifyID
· Other Key Companies
Behavioral Biometrics Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Behavioral Biometrics Market, by Technology
· Cloud
· On-Premises
Behavioral Biometrics Market, by Type
· Voice Recognition
· Signature
· Gesture Recognition
· Iris Recognition
· Others
Behavioral Biometrics Market, by Solution
· Fraud Control
· Payment
· Identification
· Data Protection
· Risk Management
· Others
Behavioral Biometrics Market, by Component
· Software
· Services
Behavioral Biometrics Market, by End-User
· BFSI
· E-Commerce
· Telecom
· Government
· Manufacturing
· Retail
· Military & Defense
Behavioral Biometrics Market, by Region
Asia-Pacific
· China
· Japan
· South Korea
· India
· Taiwan
· Rest of Asia-Pacific
North America
· US
· Canada
· Mexico
Europe
· Germany
· Russia
· France
· Italy
· UK
· Spain
· The Netherlands
· Rest of Europe
Middle East and Africa
· Saudi Arabia
· UAE
· Rest of Middle East & Africa
South America
· Brazil
· Argentina
· Rest of South America
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Key Questions answered by the report
· What are the major developments impacting the global market and its growth?
· What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
· What are the evolving types of the global market?
· What are the evolving applications of global market?
· What are the major characteristics that will affect the global market growth during the study period?
· Who are the key players operating in the global market?
· How are the major players leveraging in the existing market conditions?
Report Audience
· Behavioral Biometrics Market Providers
· Behavioral Biometrics Market Solution and Services Suppliers, Distributors, and Dealers
· End-Users of Varied Segments of Behavioral Biometrics Market
· Government Bodies and Intellectual Institutions
· Associations and Industrial Organizations
· Research & Consulting Service Providers
· Research & Development Organizations
· Investment Banks & Private Equity Firms
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About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
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