Keystroke Dynamics Market Ready to Surpass $754.9 Million by 2025 with Key Players Strategies KeyTrak Inc., ID Control, Delfigo Security, Authenware Corporation, SERBAN Biometrics, TypingDNA
"Surge in cyber frauds, increase in demand for multi-modular biometrics, and need for advanced security measures in IoT landscape are expected to propel the growth of the global keystroke dynamics market"
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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, the 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 the 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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On premise segment to lead the market through 2025:
The on premise segment held the largest share in 2017, contributing nearly two-thirds of the total revenue, owing to the increasing adoption of on-premise keystroke dynamics in data intensive industry verticals such as BFSI, government and defense, which generate massive amount of critical data, which needs high level of security. However, the cloud segment is expected to grow at the fastest CAGR of 28.6% through 2025, owing to its growing adoption supported by numerous benefits, such as scalability, high cost efficiency, and enhanced flexibility in deployment.
North America region to garner the largest revenue through 2025:
North America region contributed the largest share, with nearly two-fifths of the total market revenue in 2017. This is attributed to the increased demand for security and verification on account of the surge in cyberattacks and data breaches in this region and rise in demand for multimodal biometrics in government databases, large organizations, and defense sector for safeguarding confidential data. However, Asia-Pacific region is expected to register the fastest CAGR of 27.5% during the forecast period, owing to rise in online transactions, a growth of the e-commerce industry, and increase in expenditure by government and BFSI organizations to beef up security to safeguard data.
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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.
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