Keystroke Dynamics Market Exceptional Business Performance

The Global Keystroke Dynamics Market was valued at approximately USD 311 million in 2021 and is expected to grow at a healthy growth rate of over 25.48% during the forecast period of 2022-2029. Keystroke dynamics is a biometric authentication technology that identifies individuals based on their typing patterns.

It utilizes unique patterns and rhythm of typing behavior, such as speed, timing, and pressure, to create a biometric profile of the user. The market for keystroke dynamics is expanding due to factors such as the increasing incidence of cybercrimes and fraudulent digital transactions.

Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw7237

Keystroke dynamics finds applications in various sectors including online banking, e-commerce, and secure online transactions. Its prevalence has been progressively increasing in recent years. Phishing was reported as the most common type of cybercrime to the United States Internet Crime Complaint Center in 2022, affecting an estimated 300,000 people.

Additionally, breaches of private information were also reported, with nearly 59,000 cases reported to the IC3 during the same year. India had the highest percentage of internet users who experienced cybercrime, followed by the United States. Fraudulent digital transactions are also on the rise, with global e-commerce losses to online payment fraud estimated at USD 41 billion in 2022, expected to reach USD 48 billion in 2023.

Digital ad fraud costs in the United States were projected to reach USD 81 billion in 2022. The increasing adoption of smartphones and advancements in IT infrastructure further contribute to the market's growth potential.

However, the high cost of keystroke dynamics hinders market growth throughout the forecast period. The key regions considered for the market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World.

North America dominated the market in terms of revenue, mainly due to the presence of key market players. Asia Pacific is expected to exhibit the highest compound annual growth rate (CAGR) during the forecast period, driven by factors such as increasing investment in IT infrastructure and government initiatives to promote digitalization.

Download Free Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw7237

Major market players in the global keystroke dynamics market include AdmitOne Security, Authenware Corporation, BehavioSec Inc., Watchful Software, Deepnet Security, Delfigo Security, ID Control BV, Intensity Analytics Corporation, Plurilock Security Solutions Inc, and Serban Biometrics. In terms of recent developments, in August 2022, Plurilock Security Inc. completed the acquisition of certain assets of CloudCodes Software Private Limited, a cloud access security broker based in India.

The Global Keystroke Dynamics Market Report covers historical data from 2019 to 2021 as the base year for estimation, with a forecast period of 2022-2029. The report provides insights into revenue forecasts, company rankings, competitive landscape, growth factors, and trends. The market is segmented by type (keyboard, keypad), application (enterprises, education, e-commerce), and region (North America, Europe, Asia Pacific, Latin America, and the Rest of the World).

The objective of the study is to define the market sizes of different segments and countries in recent years and forecast their values for the coming years. The report incorporates both qualitative and quantitative aspects of the industry within the countries covered in the study. It also provides information about driving factors, challenges, opportunities, competitive landscape, and product offerings of key players.

The global Smart market report answers questions such as:

• What is the market size and forecast of the Global Smart airport Market?
• What are the inhibiting factors and impact of COVID-19 on the Global Smart airport Market during the assessment period?
• Which are the products/segments/applications/areas to invest in over the assessment period in the Global Smart airport Market?
• What is the competitive strategic window for opportunities in the Global Smart airport Market?
• What are the technology trends and regulatory frameworks in the Global Smart airport Market?
• What is the market share of the leading players in the Global Smart airport Market?
• What modes and strategic moves are considered favorable for entering the Global Smart airport Market?

Request Full Report - https://reportocean.com/industry-verticals/sample-request?report_id=bw7237

About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean is the world's leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.

Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website: https://reportocean.com

This release was published on openPR.