Behavioral Biometrics Market 2022 Disclosing Latest Trends and Advancement Outlook 2026

The Behavioral Biometrics Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Behavioral Biometrics market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Behavioral Biometrics market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Behavioral Biometrics market.

The behavioral biometrics market is anticipated to register a CAGR of over 21.3% during the forecast period (2021 - 2026).

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Top Leading Companies of Behavioral Biometrics Market are - Nuance Communications Inc., SecureAuth Corporation, Mastercard Technologies Canada ULC (NuData Security), BehavioSec Inc, FST Biometrics Corporation, UnifyID Inc., Zighra Inc, Plurilock Security Solutions Inc, SecuredTouch Inc. and others.

Industry News and Updates:

- Feb 2020: Biocatch Ltd completed its strategic acquisition with AimBrain to enhance its digital identity position in all over the world. According to the Biocatch, this acquisition will deepen its solution by enhancing its fraud detection capabilities and by also providing a better experience to its users.

- August 2020: Nuance Communications released its cloud-based Dragon Professional Anywhere speech recognition solution which can be used for the multiple markets, including law enforcement, social services and financial services. Moreover, any banking and financial organisation can use this system to to record client interactions and document disclosures.

Key Market Trends:

Increasing Data Breaches in BFSI will Drive the Growth of this Market

- With the increasing fraud and cybercrime, along with improving the customer experience, preventing customers from being exposed to risk has become a top concern of banks' agendas. With new threats emerging almost daily, measures to protect end-users from hacking and fraud have to be delivered without jeopardizing the consumer experience.
- With the rise of fintech start-ups and the imminent PSD2 (Revised Payment Service Directive) regulations set to increase competition in the sector, the customer experience is becoming an increasingly important differential, so a more nuanced approach is necessary.

North America to Hold Highest Share

- Owing to the significant adoption of behavioral biometrics in BFSI and ICT in North America, the region is anticipated to hold a substantial share in the market studied. The area is witnessing an increase in spending on security solutions. In 2019, the United States announced to spend USD 15 billion for cybersecurity, a USD 583.4 million (4.1 %) increase over 2018.
- Cybersecurity Ventures predicts cybercrime would continue rising and cost businesses globally more than USD 6 trillion annually by 2021. The estimate is based on historical cybercrime figures, including recent year-over-year growth, a dramatic increase in the hostile nation state-sponsored, and organized crime gang hacking activities. This would increase cybersecurity spending over the forecast period.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Behavioral Biometrics Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Behavioral Biometrics Market (%),2016 - 2026
- Behavioral Biometrics Market Share, By Brand
- Behavioral Biometrics Market Share, By Company
- Behavioral Biometrics Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Behavioral Biometrics Market Value Analysis & Forecast
- Promising Behavioral Biometrics Development by Major Companies
- Detailed Behavioral Biometrics Portfolio of the Major Companies
- Major Deals in the Behavioral Biometrics Market
- Major Companies Analysis

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