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Food Safety Testing Market by 2025: Analysis of Key Players and comprehensive analysis of the factors that drive and restrict the growth

02-12-2019 07:00 PM CET | Health & Medicine

Press release from: Allied Market Research

Food Safety Testing Market by 2025: Analysis of Key Players

Increasing cases of foodborne illnesses due to food contamination and rising consumer inclination toward better quality & safe food are expected to fuel the demand for pathogen testing in the global food safety testing market by the end of forecast period.

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The research provides in-depth analysis of the industry dynamics, key market segments, market size & estimations, top investment pockets, and competitive landscape. According to the report, the global keystroke dynamics market accounted for $129.8 million in 2017 and is expected to reach $754.9 million by 2025, registering a CAGR of 24.7% through 2025.

Increase in the number of fraudulent digital transactions worldwide and rise in demand for multi-modular biometrics drive the growth of the global keystroke dynamics market. However, issues related to performance and interoperability coupled with lack of awareness about this technology hamper the market growth. On the contrary, growing need for advanced security measures in the Internet of Things (IoT) landscape is expected to create lucrative opportunities for the market players in the near future.

Software segment to retain largest market share through 2025:

The software segment held the largest share in 2017, contributing three-fourths of the total revenue, owing to rise in demand for multimodal biometrics alongside associated benefits such as accurate real-time detection. However, the service segment is expected to register the fastest CAGR of 27.6% during the forecast period, owing to aggrandized need for periodic release of security updates and provision of maintenance services for existing infrastructure.

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SMEs segment to manifest the fastest growth by 2025:

Small and medium enterprises (SMEs) segment is projected to register the fastest CAGR of 30.7% through 2025, owing to ease of installation and cost-effectiveness of keystroke dynamics solutions among SMEs. However, the large enterprises' segment held the largest share in 2017, contributing more than four-fifths of the total revenue, owing to the increasing need for securing digital transactions in large enterprises and the introduction of the "bring your own device" concept.

Major market players

The key players analyzed in the report include KeyTrak Inc., ID Control, Delfigo Security, Authenware Corporation, SERBAN Biometrics, TypingDNA, BehavioSec Inc., Intensity Analytics, DeepNet Security, and Daon Inc.

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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