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The global behavioral biometrics market size was valued at $720.50 million in 2017, and the behavioral biometrics market forecast is projected to reach $3,922.42 million by 2025, registering a CAGR of 23.71% from 2018 to 2025.
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Behavioral Biometrics Market Analyst Review Asia-Pacific is expected to grow at the highest CAGR during the forecast period, due to rise in investments in behavioral biometrics technology among the government & BFSI sectors. PramodBorasiResearch Associate, ICT at Allied Market Research
CURRENT AND FUTURE MARKET SCENARIO • The global behavioral biometrics market size was valued at $720.50 million in 2017. • The behavioral biometrics market forecast is projected to reach $3,922.42 million by 2025. • The global behavioral biometrics market growing at a CAGR of 23.71% from 2018 to 2025. • By industry vertical, the BFSI segment is expected to dominate the global behavioral biometrics during the forecast period. • The healthcare segment is expected to grow at the highest CAGR during the forecast period. Top Investment Pockets In 2017, North America dominated the global market, and is expected to maintain this trend during the forecast period. However, Asia-Pacific is expected to witness the highest growth in the near future, owing to rise in digital security spending among the government & BFSI sector and increase in smartphones penetration in the emerging economies such as China, Japan, India, and South Korea.
TOP IMPACTING FACTORS TO MARKET GROWTH • Rise in number of digital transactions. • Development of IoT landscape. • Growth in applications of biometric technology in commercial and government sectors. Based on industry vertical, the BFSI dominated the global market in 2017, owing to rise in demand for advanced data security solutions among these organizations. Recently, Israel-based bank, Leumi Card announced to replace passwords with passive behavioral authentication for data security. Furthermore, the healthcare segment is expected to grow at the highest CAGR during the forecast period, owing to rise in demand for biometric solutions to meet the unique challenges such as patient identification, patient record maintenance, fake billing, duplicates claims, and others.
Behavioral Biometrics Market Segmentation • By Type • Keystroke Dynamics • Gait Analysis • Signature Analysis • Voice Recognition • Others • By Deployment Model • On-premise • Cloud • By Component • Software • Service Request PDF Sample Copy@ https://www.alliedmarketresearch.com/request-sample/5118
By region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period. Based on deployment mode, the on-premise behavioral biometrics solutions segment generated the highest revenue in 2017. By industry vertical, the BFSI segment is expected to dominate the global behavioral biometrics during the forecast period.
GEOGRAPHICAL OVERVIEW • Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • In 2017, North America accounted for the highest revenue among the other regions. • Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.
DOMINATING MARKET PLAYERS PROFILED IN THE STUDY • BehavioSec Inc. • BioCatch • EZMCOM Inc. • IBM Corporation • NEC Corporation • Nuance Communications, Inc. • NuData Security Inc. • Plurilock • Samsung SDS • SecuredTouch Inc.
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