According to a new market research report published by sheer analytics and insights, “The Global Behavioral Biometrics Market was $0.94 Bn in 2020, and it is expected to reach $13.2 Bn by 2031. It is eventually growing at a commendable high compound annual growth rate CAGR of 26.7% between 2021-2031 as per the latest market research report titled Global Behavioral Biometrics Market – Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
Due to increased incidences of cyber-attacks and the increased demand to protect the data of the customer and also to offer a streamlined experience the different enterprises are now looking for advanced security solutions. The behavioral biometric tools are actually less vulnerable to the authentication of frauds and hacking which will help to accelerate the growth of this market during the forecasted period. Also the increase in the number of fraudulent activities all over the world will help the market to grow during the forecasted period.
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Geographically, The Global Behavioral Biometrics Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The primary key players in Global Behavioral Biometrics Market include BioCatch, BehavioSec Inc., Fair Isaac Corporation, Nuance Communications, Inc., SecureAuth Corporation, Mastercard Incorporated, Plurilock Security Solutions Inc., UnifyID, SecuredTouch Inc., Zighra.
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The Global Behavioral Biometrics Market Has Been Segmented Into:
Global Behavioral Biometrics Market, By Component
- Software
- Service (Managed Services & Professional Services)
Global Behavioral Biometrics Market, By Type
- Keystroke Dynamics
- Gait Analysis
- Signature Analysis
- Voice Recognition
Global Behavioral Biometrics Market, By Application
- Identity Proofing
- Continuous Authentication
- Risk & Compliance Management
- Fraud Detection & Prevention
Global Behavioral Biometrics Market, By Deployment
- Cloud
- On-premise
Global Behavioral Biometrics Market, By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
Global Behavioral Biometrics Market, By End-Use
- BFSI
- Retail & E-commerce
- Healthcare
- Government & Defense
- IT & Telecom
- Others
Global Behavioral Biometrics Market, By Region\
- North America
- USA
- Canada
- Mexico
- Rest of North America
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America, Middle East & Africa
- Brazil
- South Africa
- UAE
- Rest of LAMEA
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