Keystroke Dynamics Market Size Is Booming Worldwide | AdmitOne Security, Authenware Corporation

The Global Keystroke Dynamics Market is projected to experience significant growth over the forecast period from 2022 to 2029. Keystroke dynamics is a biometric authentication technology that analyzes typing patterns to identify individuals.

The market is driven by factors such as the increasing incidence of cybercrimes and fraudulent digital transactions.

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The prevalence of keystroke dynamics has been on the rise, particularly due to the growing number of cybercrimes reported worldwide. Phishing, a type of cybercrime, was the most commonly reported offense in the United States in 2022, affecting an estimated 300,000 individuals. Additionally, there were thousands of cases of breaches of private information reported during the same year. India had the highest number of internet crime victims, followed by the United States.

Fraudulent digital transactions are also contributing to the expansion of the keystroke dynamics market. In 2022, e-commerce losses due to online payment fraud were estimated at USD 41 billion globally, and this figure is expected to increase to USD 48 billion by 2023. Digital ad fraud costs in the United States were predicted to reach USD 81 billion in 2022.

The adoption of smartphones and advancements in IT infrastructure are further driving market growth. However, the high cost of keystroke dynamics is a restraining factor throughout the forecast period.

Geographically, North America currently dominates the market due to the presence of key market players. The region has a high number of diagnosed diabetics, which may be related to the use of keystroke dynamics for healthcare purposes. Asia Pacific is expected to grow at the highest compound annual growth rate (CAGR) during the forecast period, primarily due to increased investment in IT infrastructure and government initiatives promoting digitalization.

The major 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.

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One notable recent development in the market is the acquisition of certain assets of CloudCodes Software Private Limited by Plurilock Security Inc., an identity-centric cybersecurity solutions provider for workforces. The acquisition strengthens Plurilock's position in the market.

The market report provides a comprehensive analysis of the market size and forecasts for different segments and regions. It covers historical data from 2019 to 2021, with 2021 as the base year for estimation. The report includes revenue forecasts, company rankings, competitive landscape analysis, growth factors, and trends. The market segments covered in the report include type (keyboard and keypad) and application (enterprises, education, and e-commerce). The regional scope includes North America, Europe, Asia Pacific, Latin America, and the Rest of the World.

The objective of the study is to define market sizes for different segments and countries, as well as forecast their values for the coming years. The report incorporates both qualitative and quantitative aspects of the industry, including driving factors, challenges, and potential opportunities in micro markets. It also provides a detailed analysis of the competitive landscape and product offerings of key players.

Please note that the information provided is based on the given context, and the actual market dynamics may vary.

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