“Behavioral Biometrics Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on behavioral biometrics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for behavioral biometrics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The behavioral biometrics market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Keystroke Dynamics; Gait Analysis; Signature Analysis; Voice Recognition
- 2) By Components: Software; Services
- 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
- Companies Mentioned: BioCatch; Microsoft Corporation; NuData Security Inc.; LexisNexis Corporation; Ping Identity Holding Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the behavioral biometrics market are BioCatch, Microsoft Corporation, NuData Security Inc., LexisNexis Corporation, Ping Identity Holding Corporation, Fair Isaac and Company, Prove Identity Inc., ThreatMark, Plurilock Security Solutions Inc., Callsign Technologies LLC, SecureAuth Corporation, International Business Machines Corporation, XTN Cognitive Security, One Identity LLC, TypingDNA, Nethone, and Unbotify Ltd.
The global behavioral biometrics market is expected to grow from $1.61 billion in 2022 to $1.97 billion in 2023 at a compound annual growth rate (CAGR) of 22.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The behavioral biometrics market is expected to reach $4.44 billion in 2027 at a CAGR of 22.5%.
The behavioral biometrics market consists of revenues earned by entities by providing professional and managed services. The market value includes the value of related goods sold by the service provider or included within the service offering. The behavioral biometrics market also includes sales of cloud-based and on-premise software. Values in this market are "factory gate" values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Behavioral biometrics refers to the area of research concerned with measuring and uniquely recognizing trends in human behavior. Behavioral biometrics examines a user's digital, physical, and cognitive behaviour to distinguish between cybercriminal and lawful consumer behaviour.
North America was the largest region in the behavioral biometrics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the behavioral biometrics report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of behavioral biometrics are keystroke dynamics, gait analysis, signature analysis, and voice recognition. Keystroke dynamics is a behavioral biometric that depicts how quickly a user types when using a keyboard. Keystroke dynamics in behavioral biometrics are used to identify typing patterns, rhythms, and speeds. The various components include software, services that are deployed through various deployment models such as cloud, and on-premises. The various applications include identity proofing, continuous authentication, risk and compliance management, and fraud detection and prevention, that are used in banking, financial services, insurance, retail, e-commerce, healthcare, government and defense, telecommunications and others.
Rising data breach cases are expected to propel the behavioral biometrics market going forward. Data breaches refer to unauthorized sensitive information hacking using malicious information and security violations in which sensitive information can be stolen from a computer system without the prior permission of the owner of the system. Behavioral biometrics is used to prevent any unauthorized access to information from the system of the company's employees' database by analysing the behavioural pattern. For instance, according to the cybersecurity threatscape report by Positive Technologies, a Russia-based cybersecurity company, the number of cyberattacks increased by 17% in Q1 of 2021 as compared to Q1 2020, and it increased by 1.2% as compared to Q4 2020. Moreover, in June 2022, according to Forbes, a US-based business magazine, the average frequency of data breaches and cyberattacks rose by 15.1% in 2021 compared to the previous year. Therefore, cyber security and data breach cases are driving the behavioral biometrics market.
Product innovations are a key trend gaining popularity in the behavioral biometrics market. Major market players are concentrating their efforts on creating innovative products to sustain their position in the behavioral biometrics market. For instance, in July 2020, Unisys Corporation, a US-based company operating in behavioral biometrics unveiled Unisys Stealth(identity)™ Software-as-a-Service (SaaS) 2.0 and Stealth(identity) 2.7. These provide secured biometric identity management for both on-premise and cloud and also support behavioral biometrics, fingerprint, face, and voice recognition with the ability to integrate new biometric modalities in the future.
In June 2021, Ping Identity Corporation, a US-based software company, acquired SecuredTouch for an undisclosed amount. Through this acquisition, Ping Identity increases its capabilities in preventing identity fraud activities, increasing authentication and better understanding of fraudulent behaviour, and improving customer experience. SecuredTouch is a US-based technology company specialising in fraud intelligence, identity risk reduction and behavioral biometrics.
The countries covered in the behavioral biometrics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The behavioral biometrics market research report is one of a series of new reports from The Business Research Company that provides behavioral biometrics market statistics, including behavioral biometrics industry global market size, regional shares, competitors with a behavioral biometrics market share, detailed behavioral biometrics market segments, market trends and opportunities, and any further data you may need to thrive in the behavioral biometrics industry. This behavioral biometrics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry
Table of Contents
1. Executive Summary
2. Behavioral Biometrics Market Characteristics
3. Behavioral Biometrics Market Trends And Strategies
4. Behavioral Biometrics Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Behavioral Biometrics Market
- 4.2. Ukraine-Russia War Impact On Behavioral Biometrics Market
- 4.3. Impact Of High Inflation On Behavioral Biometrics Market
5. Behavioral Biometrics Market Size And Growth
- 5.1. Global Behavioral Biometrics Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Behavioral Biometrics Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Behavioral Biometrics Market Segmentation
- 6.1. Global Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Keystroke Dynamics
- Gait Analysis
- Signature Analysis
- Voice Recognition
- 6.2. Global Behavioral Biometrics Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Software
- Services
- 6.3. Global Behavioral Biometrics Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Cloud
- On-Premises
- 6.4. Global Behavioral Biometrics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Identity Proofing
- Continuous Authentication
- Risk and Compliance Management
- Fraud Detection and Prevention
- 6.5. Global Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Banking, Financial Services and Insurance (BFSI)
- Retail
- e-Commerce
- Healthcare
- Government and Defense
- Telecommunications
- Other verticals
7. Behavioral Biometrics Market Regional And Country Analysis
- 7.1. Global Behavioral Biometrics Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Behavioral Biometrics Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Behavioral Biometrics Market
- 8.1. Asia-Pacific Behavioral Biometrics Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Behavioral Biometrics Market
- 9.1. China Behavioral Biometrics Market Overview
- 9.2. China Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Behavioral Biometrics Market
- 10.1. India Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Behavioral Biometrics Market
- 11.1. Japan Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Behavioral Biometrics Market
- 12.1. Australia Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Behavioral Biometrics Market
- 13.1. Indonesia Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Behavioral Biometrics Market
- 14.1. South Korea Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Behavioral Biometrics Market
- 15.1. Western Europe Behavioral Biometrics Market Overview
- 15.2. Western Europe Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Behavioral Biometrics Market
- 16.1. UK Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Behavioral Biometrics Market
- 17.1. Germany Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Behavioral Biometrics Market
- 18.1. France Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Behavioral Biometrics Market
- 19.1. Eastern Europe Behavioral Biometrics Market Overview
- 19.2. Eastern Europe Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Behavioral Biometrics Market
- 20.1. Russia Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Behavioral Biometrics Market
- 21.1. North America Behavioral Biometrics Market Overview
- 21.2. North America Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Behavioral Biometrics Market
- 22.1. USA Behavioral Biometrics Market Overview
- 22.2. USA Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Behavioral Biometrics Market
- 23.1. South America Behavioral Biometrics Market Overview
- 23.2. South America Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Behavioral Biometrics Market
- 24.1. Brazil Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Behavioral Biometrics Market
- 25.1. Middle East Behavioral Biometrics Market Overview
- 25.2. Middle East Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Behavioral Biometrics Market
- 26.1. Africa Behavioral Biometrics Market Overview
- 26.2. Africa Behavioral Biometrics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Behavioral Biometrics Market, Segmentation By Verticals, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Behavioral Biometrics Market Competitive Landscape And Company Profiles
- 27.1. Behavioral Biometrics Market Competitive Landscape
- 27.2. Behavioral Biometrics Market Company Profiles
- 27.2.1. BioCatch
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Microsoft Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. NuData Security Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. LexisNexis Corporation
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Ping Identity Holding Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Behavioral Biometrics Market
29. Behavioral Biometrics Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer