What’s driving the behavioral biometrics market report? | by key vendors NoPassword, ID Finance, Nethone, Pinn Technologies, FST Biometrics, UnifyId, AimBrain, Zighra
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A key factor leading to the growth of the behavioral biometrics market is the need for a multilayered security approach. Over the years, the cybersecurity threats have become advanced and sophisticated. Hence, the traditional remedies for fighting viruses and malicious codes are increasingly becoming ineffective. This has driven the companies to adopt multilayered security solutions to protect their network infrastructures, driving the growth of the behavioral biometrics market.
Behavioral biometrics is used across BFSI, healthcare, government, defense, telecommunication, and retail sectors. BFSI holds a majority share in the Behavioral biometrics market. It enables the measurement and analysis of patterns in human behaviors. It tracks the activities of the users to identify malicious actors and secures the organization’s network infrastructure in an age where the cybercriminals have more access to the personally identifiable information (PII) of users.
North America is anticipated to hold a majority share in the behavioral biometrics market. This can be credited to the technological advancements in the IT infrastructure and the widespread adoption of big data and social media platforms. Furthermore, the government across the region has taken a keen interest in biometric applications and is aggressively funding multiple research programs and startups to develop advanced behavioral biometrics applications in crucial public sector departments. For instance, in 2017 the IARPA launched the Odin program, which aimed at developing advanced behavioral biometrics technologies to identify imposters & unauthorized user attempts.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• ID Finance
• Pinn Technologies
• FST Biometrics
• Nuance Communications
Browse Full Report: https://www.gminsights.com/industry-analysis/behavioral-biometrics-market
The key players providing behavioral biometrics market are Callsign, Unbotify, SecuredTouch, EZMCOM, NoPassword, ID Finance, Nethone, Pinn Technologies, FST Biometrics, UnifyId, AimBrain, Zighra, AuthenWare, XTN, Sentegrity, BioCatch, IBM, Nuance Communications, SecureAuth, and Mastercard. The companies operating in the market are focusing on strategic partnership & collaboration initiatives and fund-raising activities to expand their offerings and increase their market share. For instance, in 2018, BioCatch raised a fund of USD 30 million from Maverick Ventures, American Express Ventures, NexStar Partners, and Credit Ease. BioCatch plans to use the funding to develop customized solutions for various industry verticals such as insurance, P2P payments, healthcare, and government.
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