Behavioral Biometrics
The Behavioral Biometrics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Behavioral Biometrics Market Size and Its Estimated Growth Rate?
The expansion of the behavioral biometrics market has been remarkable in the past years. Its size is expected to rise from $2.4 billion in 2024 to $2.92 billion in 2025, reflecting a compound annual growth rate (CAGR) of 21.9%. The notable growth during the historical period is due to the growing use of behavioral biometrics in mobile devices, heightened worries about data breaches and identity theft, an increased necessity for continuous authentication, and growing uptake of behavioral biometrics in enterprise applications.
The market size of behavioral biometrics is anticipated to witness a steep rise in the coming years, reaching $6.99 billion by 2029 due to a compound annual growth rate (CAGR) of 24.4%. This projected increase during the forecast period could be linked to the growing uptake of behavioral biometrics in untapped markets, escalating demand for uninterrupted authentication, as well as increased usage of behavioral biometrics in innovative applications, and the expanding governmental rules in favor of behavioral biometrics. The forecast period also expects to see key trends such as the progression in artificial intelligence and machine learning, constant authentication, multi-modal biometrics, and IoT security.
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How Are Emerging Segments Shaping the Behavioral Biometrics Market Landscape?
The behavioral biometrics market covered in this report is segmented –
1) By Components: Software, Services
2) By Type: Keystroke Dynamics, Gait Analysis, Signature Analysis, Voice Recognition
3) By Deployment Model: Cloud, On-Premises
4) By Application: Identity Proofing, Continuous Authentication, Risk And Compliance Management, Fraud Detection And Prevention
5) By Verticals: Banking, Financial Services And Insurance (BFSI), Retail, e-Commerce, Healthcare, Government And Defense, Telecommunications, Other verticals
Subsegments:
1) By Software: Authentication Software, Fraud Detection Software, Identity Verification Software, Risk Assessment Software
2) By Services: Consulting Services, Implementation Services, Support and Maintenance Services, Training Services
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Which Growth Factors Are Influencing Behavioral Biometrics Market Expansion?
The surge in incidents related to data breaches is likely to push forward the behavioral biometrics market. Data breaches involve the unauthorized hacking of confidential information through malicious means and security infractions, where privileged information can be unlawfully acquired from a computer system without the initial consent of the system’s owner. Behavioral biometrics is employed to safeguard against unauthorized data access from the company’s staff database by examining behavioral patterns. For instance, in November 2023, the Department of Defence Australia revealed that the Australian Cyber Security Centre received upward of 94,000 cybercrime reports during the fiscal year 2022-2023. This is a rise of 23 percent compared to the preceding year, 2021-2022. As such, the proliferation of cybersecurity threats and data breaches are catalyzing the growth of the behavioral biometrics market.
Who Are the Dominant Players Across Different Behavioral Biometrics Market Segments?
Major companies operating in the behavioral biometrics market are BioCatch Ltd., Microsoft Corporation, NuData Security Inc., LexisNexis Corporation, Ping Identity Holding Corporation, Fair Isaac and Company, Prove Identity Inc., ThreatMark sro, Plurilock Security Solutions Inc., Callsign Technologies LLC, SecureAuth Corporation, International Business Machines Corporation, XTN Cognitive Security, One Identity LLC, TypingDNA, Nethone Sp. z o.o., Unbotify Ltd., BehavioSec Inc., EZMCOM Inc., NEC Corporation, Nuance Communications Inc., Samsung SDS, SecuredTouch Inc., AimBrain Solutions Ltd., AuthenWare Corp., Fst Biometrics, UnifyID Inc., Zighra Inc., Crossmatch Technologies Inc., EyeVerify Inc., FacePhi Biometria S.A.
What Are the Latest Developing Trends in the Behavioral Biometrics Market?
Top-tier firms in the behavioral biometrics market are utilizing strategic alliances to provide Australia and New Zealand’s financial bodies with state-of-the-art fraud detection enabled by behavioral biometrics. Strategic partnerships refer to a collaboration whereby companies are leveraging each other’s strengths and assets for reciprocal advantages and prosperity. For example, BioCatch, a behavioral biometrics firm located in Israel, struck a partnership deal with Indue, an Australian financial product company, in October 2022. As a result of this recent collaboration, the financial institutions, merchants, and non-governmental organizations under Indue’s umbrella can tap into BioCatch’s cutting-edge technology to better safeguard their clients against fraudulent actions and cybercrime. This will allow users within Indue’s network to leverage a frictionless digital experience in a secure environment, fostering a climate of trust between financial institutions and their customers.
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Which Geographic Regions Are Expected to Dominate the Behavioral Biometrics Market in the Coming Years?
North America was the largest region in the behavioral biometrics market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the behavioral biometrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Behavioral Biometrics Market?
2. What is the CAGR expected in the Behavioral Biometrics Market?
3. What Are the Key Innovations Transforming the Behavioral Biometrics Industry?
4. Which Region Is Leading the Behavioral Biometrics Market?
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