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HOME Top Market Reports Behavioral Biometrics Market by Component (Software & Services), Application (Identity & Access Management, Risk & Compliance Management, Fraud Detection & Prevention management), Deployment Model, Organization Size, and Vertical - Global forecast to 2023

Behavioral Biometrics Market by Component (Software & Services), Application (Identity & Access Management, Risk & Compliance Management, Fraud Detection & Prevention management), Deployment Model, Organization Size, and Vertical - Global forecast to 2023

By: marketsandmarkets.com
Publishing Date: July 2018
Report Code: TC 6487

 

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[159 Pages Report] The behavioral biometrics market size was USD 675.6 million in 2017 and is projected to reach USD 2,552.7 million by 2023, at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period. The base year considered for this report is 2017, and the market forecast period is 2018–2023. The major growth drivers of the behavioral biometrics market include global rise in online transactions and fraudulent activities, and an increasing need for multi-layered security approach in the finance industry.

Objectives of the Study

The major objective of the report is to define, describe, and forecast the global behavioral biometrics market by component, application, deployment model, organization size, vertical, and region. The report provides detailed information related to the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market. The report aims to strategically analyze micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market. The report attempts to forecast the market size with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as partnerships, collaborations, and agreements; mergers and acquisitions; new product launches and developments; and research and development (R&D) activities in the global behavioral biometrics market.

Research Methodology

The research methodology used to estimate and forecast the behavioral biometrics market begins with capturing the data on the key vendor revenues through secondary research, which includes directories and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva. Vendor offerings are considered to determine the market segmentation. The bottom-up procedure is employed to arrive at the overall size of the global market that has been derived from the revenue of the key players in the market. After arriving at the overall market size, the total market is split into several segments and subsegments, which are then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures are employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The following figure depicts the breakdown of profiles of primary participants:

Behavioral Biometrics Market

To know about the assumptions considered for the study, download the pdf brochure

The behavioral biometrics market includes many major vendors providing software and services, including BioCatch (Israel), IBM (US), Nuance Communications (US), SecureAuth (US), Mastercard (US), BehavioSec (Sweden), SecuredTouch (US), ThreatMark (Czech Republic), Plurilock (Canada), Zighra (Canada), XTN (Italy), EZMCOM (US), One Identity (US), Callsign (UK), FST Biometrics (Israel), UnifyID (US), AimBrain (UK), AuthenWare (US), Sentegrity (US), TypingDNA (Romania), NoPassword (US), ID Finance (Spain), Nethone (Poland), Pinn Technology (US), and Unbotify (Israel).

Key Target Audience:

  • Biometric component and equipment manufacturers and suppliers
  • Device manufacturers and suppliers
  • System integrators
  • Managed service providers
  • Installation, monitoring, and controlling companies
  • Technology standards organizations, forums, alliances, and associations related to the behavioral biometrics market
  • Government organizations
  • Artificial Intelligence (AI) solution providers
  • User data analytics software providers
  • Legal agencies
  • Professional service providers

“The study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.”

Scope of the Report

The research report categorizes the behavioral biometrics market to forecast revenues and analyze trends in each of the following subsegments:

By Application

  • Identity and access management
  • Fraud detection and prevention management
  • Risk and compliance management

By Component

  • Software
  • Services

By Organization Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large enterprises

By Deployment Model

  • On-premises
  • Cloud

By Vertical

  • BFSI
  • Retail and eCommerce
  • Healthcare
  • Government and Defense
  • Telecommunications
  • Others (Education, Real Estate, and Travel)

By Region

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players up to 5.

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Market Opportunities in the Behavioral Biometrics Market
    4.2 Behavioral Biometrics Market, By Component
    4.3 Behavioral Biometrics Market, By Application
    4.4 Behavioral Biometrics Market, By Organization Size
    4.5 Behavioral Biometrics Market, By Deployment Model
    4.6 Behavioral Biometrics Market, By Vertical
    4.7 Behavioral Biometrics Market, By Region

5 Market Overview and Industry Trends (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Global Rise in Online Transactions and Fraudulent Activities
                    5.2.1.2 Rising Need for A Multi-Layered Security Approach in the Finance Vertical
           5.2.2 Restraints
                    5.2.2.1 Low Cybersecurity Budget and High Installation Cost of the Behavioral Biometrics Software
           5.2.3 Opportunities
                    5.2.3.1 Enhanced Security as Compared to Static Biometrics
                    5.2.3.2 Higher Compatibility With Emerging AI Technologies
           5.2.4 Challenges
                    5.2.4.1 Lack of Competent Behavioral Biometrics Experts
    5.3 Examples of Behavioral Biometrics-Related Technologies
           5.3.1 Using Ai-Enabled Technologies Such as Machine Learning and Deep Learning to Comply With Regulations and Compliances
           5.3.2 Aiops for Change-Tolerant Algorithms
           5.3.3 AI for Analyzing Users’ Behavior Data
    5.4 Types of Behavioral Biometrics
           5.4.1 Signature Dynamics Analysis
           5.4.2 Voice
           5.4.3 Keystroke Dynamics
           5.4.4 Gait
           5.4.5 Gestures
    5.5 Regulatory Implications
           5.5.1 Introduction
           5.5.2 General Data Protection Regulation (GDPR)
           5.5.3 Sarbanes–Oxley Act of 2002 (SOX)
           5.5.4 Basel
           5.5.5 Governance, Risk, and Compliance (GRC) Standards
           5.5.6 Eu Data Protection Regulation
           5.5.7 Health Information Technology for Economic and Clinical Health (Hitech)
           5.5.8 Health Insurance Portability and Accountability Act (HIPAA)

6 Behavioral Biometrics Market, By Component (Page No. - 45)
    6.1 Introduction
    6.2 Software
    6.3 Services
           6.3.1 Managed Services
           6.3.2 Professional Services
                    6.3.2.1 Consulting
                    6.3.2.2 Support and Maintenance

7 Behavioral Biometrics Market, By Application (Page No. - 53)
    7.1 Introduction
    7.2 Identity and Access Management
    7.3 Fraud Detection and Prevention Management
    7.4 Risk and Compliance Management

8 Behavioral Biometrics Market, By Organization Size (Page No. - 57)
    8.1 Introduction
    8.2 Small and Medium-Sized Enterprises
    8.3 Large Enterprises

9 Behavioral Biometrics Market, By Deployment Model (Page No. - 61)
    9.1 Introduction
    9.2 On-Premises
    9.3 Cloud

10 Behavioral Biometrics Market, By Vertical (Page No. - 65)
     10.1 Introduction
     10.2 Banking, Financial Services, and Insurance
     10.3 Retail and Ecommerce
     10.4 Healthcare
     10.5 Government and Defense
     10.6 Telecommunications
     10.7 Others

11 Behavioral Biometrics Market, By Region (Page No. - 72)
     11.1 Introduction
     11.2 North America
             11.2.1 By Component
             11.2.2 By Service
             11.2.3 By Professional Service
             11.2.4 By Application
             11.2.5 By Deployment Model
             11.2.6 By Organization Size
             11.2.7 By Vertical
             11.2.8 By Country
                        11.2.8.1 United States
                        11.2.8.2 Canada
     11.3 Europe
             11.3.1 By Component
             11.3.2 By Service
             11.3.3 By Professional Service
             11.3.4 By Application
             11.3.5 By Deployment Model
             11.3.6 By Organization Size
             11.3.7 By Vertical
             11.3.8 By Country
                        11.3.8.1 United Kingdom
                        11.3.8.2 Germany
                        11.3.8.3 France
                        11.3.8.4 Rest of Europe
     11.4 Asia Pacific
             11.4.1 By Component
             11.4.2 By Service
             11.4.3 By Professional Service
             11.4.4 By Application
             11.4.5 By Deployment Model
             11.4.6 By Organization Size
             11.4.7 By Vertical
             11.4.8 By Country
                        11.4.8.1 Japan
                        11.4.8.2 China
                        11.4.8.3 India
                        11.4.8.4 Rest of APAC
     11.5 Latin America
             11.5.1 By Component
             11.5.2 By Service
             11.5.3 By Professional Service
             11.5.4 By Application
             11.5.5 By Deployment Model
             11.5.6 By Organization Size
             11.5.7 By Vertical
             11.5.8 By Country
                        11.5.8.1 Mexico
                        11.5.8.2 Brazil
                        11.5.8.3 Rest of Latin America
     11.6 Middle East and Africa
             11.6.1 By Component
             11.6.2 By Service
             11.6.3 By Professional Service
             11.6.4 By Application
             11.6.5 By Deployment Model
             11.6.6 By Organization Size
             11.6.7 By Vertical
             11.6.8 By Subregion
                        11.6.8.1 Middle East
                        11.6.8.2 Africa

12 Competitive Landscape (Page No. - 99)
     12.1 Overview
     12.2 Competitive Scenario
             12.2.1 New Product Launches and Product Upgradations
             12.2.2 Partnerships and Collaborations
             12.2.3 Acquisitions
             12.2.4 Business Expansions
     12.3 Behavioral Biometrics Market: Prominent Players

13 Company Profiles (Page No. - 104)
(Business Overview, Products and Solutions Offered, Recent Developments, MnM View, SWOT Analysis)*
     13.1 BioCatch
     13.2 IBM
     13.3 Nuance Communications
     13.4 SecureAuth
     13.5 Mastercard
     13.6 BehavioSec
     13.7 ThreatMark
     13.8 Plurilock
     13.9 One Identity
     13.10 Fst Biometrics
     13.11 UnifyID
     13.12 AimBrain
     13.13 Zighra
     13.14 AuthenWare
     13.15 XTN 
     13.16 Sentegrity
     13.17 TypingDNA
     13.18 NoPassword
     13.19 Id Finance
     13.20 Nethone
     13.21 Pinn Technologies
     13.22 EZMCOM
     13.23 SecuredTouch
     13.24 Unbotify
     13.25 Callsign

*Business Overview, Products and Solutions Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 152)
     14.1 Key Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Available Customization
     14.5 Related Reports
     14.6 Author Details


List of Tables (74 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2017
Table 2 Behavioral Biometrics Market Size and Growth Rate, 2016–2023 (USD Million, Y-O-Y %)
Table 3 Behavioral Biometrics Market Size, By Component, 2016–2023 (USD Million)
Table 4 Software: Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 5 Services: Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 6 Services: Behavioral Biometrics Market Size, By Type, 2016–2023 (USD Million)
Table 7 Managed Services Market Size, By Region, 2016–2023 (USD Million)
Table 8 Professional Services Market Size, By Region, 2016–2023 (USD Million)
Table 9 Professional Services Market Size, By Type, 2016–2023 (USD Million)
Table 10 Consulting Services Market Size, By Region, 2016–2023 (USD Million)
Table 11 Support and Maintenance Services Market Size, By Region, 2016–2023 (USD Million)
Table 12 Behavioral Biometrics Market Size, By Application, 2016-2023 (USD Million)
Table 13 Identity and Access Management: Behavioral Biometrics Market Size, By Region, 2016-2023 (USD Million)
Table 14 Fraud Detection and Prevention Management: Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 15 Risk and Compliance Management: Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 16 Behavioral Biometrics Market Size, By Organization Size, 2016–2023 (USD Million)
Table 17 Small and Medium-Sized Enterprises: Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 18 Large Enterprises: Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 19 Behavioral Biometrics Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 20 On-Premises: Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 21 Cloud: Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 22 Behavioral Biometrics Market Size, By Vertical, 2016-2023 (USD Million)
Table 23 Banking, Financial Services, and Insurance: Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 24 Retail and Ecommerce: Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 25 Healthcare: Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 26 Government and Defense: Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 27 Telecommunications: Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 28 Others: Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 29 Behavioral Biometrics Market Size, By Region, 2016–2023 (USD Million)
Table 30 North America: Behavioral Biometrics Market Size, By Component, 2016-2023 (USD Million)
Table 31 North America: Behavioral Biometrics Market Size, By Service, 2016–2023 (USD Million)
Table 32 North America: Behavioral Biometrics Market Size, By Professional Service, 2016–2023 (USD Million)
Table 33 North America: Behavioral Biometrics Market Size, By Application, 2016-2023 (USD Million)
Table 34 North America: Behavioral Biometrics Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 35 North America: Behavioral Biometrics Market Size, By Organization Size, 2016–2023 (USD Million)
Table 36 North America: Behavioral Biometrics Market Size, By Vertical, 2016-2023 (USD Million)
Table 37 North America: Behavioral Biometrics Market Size, By Country, 2016-2023 (USD Million)
Table 38 Europe: Behavioral Biometrics Market Size, By Component, 2016–2023 (USD Million)
Table 39 Europe: Behavioral Biometrics Market Size, By Service, 2016–2023 (USD Million)
Table 40 Europe: Behavioral Biometrics Market Size, By Professional Service, 2016–2023 (USD Million)
Table 41 Europe: Behavioral Biometrics Market Size, By Application, 2016-2023 (USD Million)
Table 42 Europe: Behavioral Biometrics Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 43 Europe: Behavioral Biometrics Market Size, By Organization Size, 2016–2023 (USD Million)
Table 44 Europe: Behavioral Biometrics Market Size, By Vertical, 2016–2023 (USD Million)
Table 45 Europe: Behavioral Biometrics Market Size, By Country, 2016–2023 (USD Million)
Table 46 Asia Pacific: Behavioral Biometrics Market Size, By Component, 2016-2023 (USD Million)
Table 47 Asia Pacific: Behavioral Biometrics Market Size, By Service, 2016-2023 (USD Million)
Table 48 Asia Pacific: Behavioral Biometrics Market Size, By Professional Service, 2016–2023 (USD Million)
Table 49 Asia Pacific: Behavioral Biometrics Market Size, By Application, 2016–2023 (USD Million)
Table 50 Asia Pacific: Behavioral Biometrics Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 51 Asia Pacific: Behavioral Biometrics Market Size, By Organization Size, 2016–2023 (USD Million)
Table 52 Asia Pacific: Behavioral Biometrics Market Size, By Vertical, 2016-2023 (USD Million)
Table 53 Asia Pacific: Behavioral Biometrics Market Size, By Country, 2016–2023 (USD Million)
Table 54 Latin America: Behavioral Biometrics Market Size, By Component, 2016–2023 (USD Million)
Table 55 Latin America: Behavioral Biometrics Market Size, By Service, 2016–2023 (USD Million)
Table 56 Latin America: Behavioral Biometrics Market Size, By Professional Service, 2016–2023 (USD Million)
Table 57 Latin America: Behavioral Biometrics Market Size, By Application, 2016–2023 (USD Million)
Table 58 Latin America: Behavioral Biometrics Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 59 Latin America: Behavioral Biometrics Market Size, By Organization Size, 2016–2023 (USD Million)
Table 60 Latin America: Behavioral Biometrics Market Size, By Vertical, 2016–2023 (USD Million)
Table 61 Latin America: Behavioral Biometrics Market Size, By Country, 2016–2023 (USD Million)
Table 62 Middle East and Africa: Behavioral Biometrics Market Size, By Component, 2016–2023 (USD Million)
Table 63 Middle East and Africa: Behavioral Biometrics Market Size, By Service, 2016–2023 (USD Million)
Table 64 Middle East and Africa: Behavioral Biometrics Market Size, By Professional Service, 2016–2023 (USD Million)
Table 65 Middle East and Africa: Behavioral Biometrics Market Size, By Application, 2016–2023 (USD Million)
Table 66 Middle East and Africa: Behavioral Biometrics Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 67 Middle East and Africa: Behavioral Biometrics Market Size, By Organization Size, 2016–2023 (USD Million)
Table 68 Middle East and Africa: Behavioral Biometrics Market Size, By Vertical, 2016–2023 (USD Million)
Table 69 Middle East and Africa: Behavioral Biometrics Market Size, By Subregion, 2016–2023 (USD Million)
Table 70 New Product Launches and Product Upgradations, 2016–2018
Table 71 Partnerships and Collaborations, 2017–2018
Table 72 Acquisitions, 2017–2018
Table 73 Business Expansions, 2016–2018
Table 74 Key Players in the Tag Management System Market


List of Figures (37 Figures)

Figure 1 Behavioral Biometrics Market: Market Segmentation
Figure 2 Regional Scope
Figure 3 Behavioral Biometrics Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Behavioral Biometrics Market: Assumptions
Figure 9 Behavioral Biometrics Market Analysis
Figure 10 Fastest-Growing Segments in the Behavioral Biometrics Market
Figure 11 Need for Continuous User Authentication is Expected to Drive the Market Growth During the Forecast Period
Figure 12 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 13 Fraud Detection and Prevention Management Segment is Expected to Register the Fastest Growth Rate During the Forecast Period
Figure 14 Large Enterprises Segment is Expected to Have the Larger Market Share During the Forecast Period
Figure 15 Cloud Deployment Model is Estimated to Witness the Larger Adoption in 2018
Figure 16 Government and Defense Vertical is Expected to Register the Fastest Growth Rate During the Forecast Period
Figure 17 North America is Expected to Capture the Largest Market Share in 2018
Figure 18 Behavioral Biometrics Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 20 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 21 Support and Maintenance Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 22 Fraud Detection and Prevention Management Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 24 Cloud Deployment Model is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 25 Government and Defense Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 28 North America: Market Snapshot
Figure 29 Asia Pacific: Market Snapshot
Figure 30 Key Developments By the Leading Players in the Behavioral Biometrics Market, 2015–2018
Figure 31 Biocatch: SWOT Analysis
Figure 32 IBM: Company Snapshot
Figure 33 IBM: SWOT Analysis
Figure 34 Nuance Communications: Company Snapshot
Figure 35 Nuance Communications: SWOT Analysis
Figure 36 Secureauth: SWOT Analysis
Figure 37 Mastercard: SWOT Analysis

MarketsandMarkets expects the global behavioral biometrics market size to grow from USD 871.2 million in 2018 to USD 2,552.7 million by 2023, at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period. The major growth drivers of the market include rise in online transactions and online fraudulent activities across the globe, and an increasing need for multi-layered security approach in the finance industry. Growth opportunities for the behavioral biometrics market include enhanced security as compared to static biometrics, and higher compatibility with emerging AI technologies. Apart from major applications such as identity and access management, and fraud detection and prevention management, risk and compliance management will also fuel the growth of market.

The behavioral biometrics market study aims at estimating the market size and future growth potential of the market across segments, such as component (software and services), application, deployment model, organization size, vertical, and region. The user experience management application is expected to dominate the market’s application segment, as companies across major verticals are deploying behavioral biometrics solutions for enhancing customers’ overall web experience by improving the performance of web site.

The behavioral biometrics market by component covers behavioral biometrics software and behavioral biometrics services. In the component segment, the service segment is expected to record the highest growth rate as the behavioral biometrics technology has been around for nearly decade, resulting complete adoption and deployment of behavioral biometrics software for which users need continuous post-service assistance for all kind of updates and upgrades. As a result, the professional services, mainly for support and maintenance, will grow at a higher rate.

Behavioral biometrics applications are witnessing steady demand growth across major industry verticals including BFSI, retail and eCommerce, healthcare, telecommunications, government and defense, and others, mainly due to the increasing adoption of major business applications such as identity and access management, fraud detection and prevention management, and risk and compliance management. Applications such as identity and access management, fraud detection and prevention management, and risk and compliance management assist users with an additional layer of security over the existing identity and access solutions without impeding the performance of applications and enhancing overall user experience. Behavioral biometrics incorporates capabilities to record and measure human behavioral patterns using gait analysis, keystroke or signature analysis, mouse use characteristics, voice dynamics etc. to verify and authenticate an individual user, either in real time or retrospectively. Behavioral biometrics software captures an array of human interactions between an application and a device and analyzes these characteristics to recognize and authenticate true users. Identity and access management, fraud detection and prevention, and risk and compliance management are major application areas where these behavioral biometrics software is currently being deployed with varying degree.

The large enterprises segment is expected to dominate the market in terms of market size, as large enterprises are focusing on implementing behavioral biometrics business applications to improve the customer loyalty and have an overall reduced infrastructure cost. However, the Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR, owing to the easy availability and scalability of cloud-based deployments.

Behavioral Biometrics Market

The global behavioral biometrics market by region covers 5 major geographic regions: North America, Asia Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. North America is estimated to hold the largest market size in 2018. It is the most advanced region in terms technology adoption and IT infrastructure. The wide presence of the key industry players of the behavioral biometrics software, and the largest payment industry are major driving factors for the behavioral biometrics market in North America. APAC, on the other hand, is expected to grow at the highest rate during the forecast period, owing to the increase in the overall investments in the behavioral biometrics software to change the business processes in the finance industry.

The behavioral biometrics market includes a significant number of vendors providing software and services, including BioCatch (Israel), IBM (US), Nuance Communications (US), SecureAuth (US), Mastercard (US), BehavioSec (Sweden), SecuredTouch (US), ThreatMark (Czech Republic), Plurilock (Canada), Zighra (Canada), XTN (Italy), EZMCOM (US), One Identity (US), Callsign (UK), FST Biometrics (Israel), UnifyID (US), AimBrain (UK), AuthenWare (US), Sentegrity (US), TypingDNA (Romania), NoPassword (US), ID Finance (Spain), Nethone (Poland), Pinn Technology (US), and Unbotify (Israel). These players have majorly adopted partnerships, agreements and collaborations, and new product launches as their key growth strategies to offer feature-rich behavioral biometrics software to their customers and enter untapped market segments.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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