openPR Logo
Press release

Behavioral Biometrics Market Poised to Grow to $5.59 Billion by 2028 with a CAGR of 23.0% Amid Cybersecurity Demands

06-13-2024 04:11 PM CET | Health & Medicine

Press release from: The Business Research Company

Behavioral Biometrics Market Report

Behavioral Biometrics Market Report

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Behavioral Biometrics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $394.09 billion In 2028 At A CAGR Of 14.0%:

The behavioral biometrics market size has grown exponentially in recent years. It will grow from $1.99 billion in 2023 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 23.1%. The growth in the historic period can be attributed to rising adoption of behavioral biometrics in mobile devices, growing concerns over data breaches and identity theft, increasing demand for continuous authentication, growing adoption of behavioral biometrics in enterprise applications.

The behavioral biometrics market size is expected to see exponential growth in the next few years. It will grow to $5.59 billion in 2028 at a compound annual growth rate (CAGR) of 23.0%. The growth in the forecast period can be attributed to increasing adoption of behavioral biometrics in emerging markets, increasing demand for continuous authentication, growing adoption of behavioral biometrics in new applications, growing government mandates for behavioral biometrics. Major trends in the forecast period include advancements in artificial intelligence and machine learning, continuous authentication, multi-modal biometrics, iot security.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=8760&type=smp

Behavioral Biometrics Market Major Segments
The behavioral biometrics market covered in this report is segmented -
1) By Components: Software, Services
2) By Type: Keystroke Dynamics, Gait Analysis, Signature Analysis, Voice Recognition
3) By Deployment Model: Cloud, On-Premises
4) By Application: Identity Proofing, Continuous Authentication, Risk and Compliance Management, Fraud Detection and Prevention
5) By Verticals: Banking, Financial Services and Insurance (BFSI), Retail, e-Commerce, Healthcare, Government and Defense, Telecommunications, Other verticals

Key Driver - Surge In Data Breaches Accelerates Adoption Of Behavioral Biometrics For Robust Cybersecurity Measures

Rising data breach cases are expected to propel the behavioral biometrics market going forward. Data breaches refer to unauthorized sensitive information hacking using malicious information and security violations in which sensitive information can be stolen from a computer system without the prior permission of the owner of the system. Behavioral biometrics is used to prevent any unauthorized access to information from the system of the company's employees' database by analysing the behavioural pattern. For instance, according to the cybersecurity threatscape report by Positive Technologies, a Russia-based cybersecurity company, the number of cyberattacks increased by 17% in Q1 of 2021 as compared to Q1 2020, and it increased by 1.2% as compared to Q4 2020. Moreover, in June 2022, according to Forbes, a US-based business magazine, the average frequency of data breaches and cyberattacks rose by 15.1% in 2021 compared to the previous year. Therefore, cyber security and data breach cases are driving the behavioral biometrics market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=8760&type=smp

Prominent Trend - Strategic Partnerships Propel Advanced Fraud Detection In Australia And New Zealand's Behavioral Biometrics Market

Major companies operating in the behavioral biometrics market are adopting a strategic partnership approach to offer financial institutions throughout Australia and New Zealand access to advanced fraud detection capabilities driven by behavioral biometrics. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in October 2022, BioCatch, an Israel-based behavioral biometrics company, partnered with Indue, an Australia-based financial products company. Through this recent partnership, Indue's array of financial institutions, retailers, and non-profit organizations can harness the advanced technology of BioCatch to enhance protection against fraud attacks and cybercrime for their customers. Users within Indue's network will now have the capability to enjoy a seamless digital experience, fostering a sense of security and trust between financial institutions and their customers.

Behavioral Biometrics Market Players
Major companies operating in the behavioral biometrics market report are BioCatch Ltd., Microsoft Corporation, NuData Security Inc., LexisNexis Corporation, Ping Identity Holding Corporation, Fair Isaac and Company, Prove Identity Inc., ThreatMark sro, Plurilock Security Solutions Inc., Callsign Technologies LLC, SecureAuth Corporation, International Business Machines Corporation, XTN Cognitive Security, One Identity LLC, TypingDNA, Nethone Sp. z o.o., Unbotify Ltd., BehavioSec Inc., EZMCOM Inc., NEC Corporation, Nuance Communications Inc., Samsung SDS, SecuredTouch Inc., AimBrain Solutions Ltd., AuthenWare Corp., Fst Biometrics, UnifyID Inc., Zighra Inc., Crossmatch Technologies Inc., EyeVerify Inc., FacePhi Biometria S.A.

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/behavioral-biometrics-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the behavioral biometrics market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the behavioral biometrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Behavioral Biometrics Market Report Structure
3. Behavioral Biometrics Market Trends And Strategies
4. Behavioral Biometrics Market - Macro Economic Scenario
5. Behavioral Biometrics Market Size And Growth
…..
27. Behavioral Biometrics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Behavioral Biometrics Market Poised to Grow to $5.59 Billion by 2028 with a CAGR of 23.0% Amid Cybersecurity Demands here

News-ID: 3538232 • Views:

More Releases from The Business Research Company

Global Limestone Market Expected to Grow to $100.85 Billion by 2028 at 6.5% CAGR, Driven by Construction Boom
Global Limestone Market Expected to Grow to $100.85 Billion by 2028 at 6.5% CAGR …
The new report published by The Business Research Company, titled "Limestone Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the limestone market size has grown strongly in recent years. It will grow from $73.28 billion in 2023 to
Global Lactose-Free Food Market Soars to $29.11 Billion by 2028 with 11.7% CAGR Growth, Driven by Rising Lactose Intolerance
Global Lactose-Free Food Market Soars to $29.11 Billion by 2028 with 11.7% CAGR …
The new report published by The Business Research Company, titled "Lactose Free Food Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the lactose free food market size has grown rapidly in recent years. It will grow from $16.51
Global Investment Banking Market Set to Grow $194.05 Billion by 2028 at 8.1% CAGR, Driven by Economic Growth
Global Investment Banking Market Set to Grow $194.05 Billion by 2028 at 8.1% CAG …
The new report published by The Business Research Company, titled "Investment Banking Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the investment banking market size has grown strongly in recent years. It will grow from $131.25 billion in
Global Infrastructure Inspection Market o Hit $2.93 Billion by 2028 at 7.5% CAGR, Driven by Capital Investments
Global Infrastructure Inspection Market o Hit $2.93 Billion by 2028 at 7.5% CAGR …
The new report published by The Business Research Company, titled "Infrastructure Inspection Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the infrastructure inspection market size has grown strongly in recent years. It will grow from $2.05 billion in

All 5 Releases


More Releases for Behavioral

Behavioral Therapy Market Worth Observing Growth | Autism Home Support, Behavior …
Latest survey on Behavioral Therapy Market is conducted to provide hidden gems performance analysis to better demonstrate competitive environment of Behavioral Therapy. The study is a mix of quantitative market stats and qualitative analytical information to uncover market size revenue breakdown by key business segments and end use applications. The report bridges the historical data from 2015 to 2020 and forecasted till 2026*, the outbreak of latest scenario in Behavioral
Behavioral Health Market is Booming Worldwide | Acadia Healthcare, Universal Hea …
A Latest intelligence report published by AMA Research with title “Behavioral Health Market Outlook to 2026.A detailed study accumulated to offer Latest insights about acute features of the Global Behavioral Health market. This report provides a detailed overview of key factors in the Behavioral Health Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown,
Behavioral Health Market Growth, Business Analysis & Forecast To 2028 | Acadia H …
This detailed market study covers behavioral health market growth potentials which can assist the stake holders to understand key trends and prospects in behavioral health market identifying the growth opportunities and competitive scenarios. The report also focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The
Behavioral Health Tools Market Growth Factors, Emerging Trends and Forecast to 2 …
The research report on the Behavioral Health Tools Market provides professional in-depth analysis available on the market status and development trends, including growth rate, competition landscape, opportunities, technological advancement, drivers, restraints, product launches, future products, and the dynamic structure of the market. Further, it provides detailed insight into the Behavioral Health Tools Market key players that includes their financial statements along with its key development product benchmarking, future plans, and
Potential Impact of COVID-19 on Behavioral Therapy Market 2020 | Magellan Health …
A detailed study on 'Behavioral Therapy Market' formulated by Brandessence Market Research, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry's size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in the
Behavioral Rehabilitation Market - Evolution Landscape 2025 | Magellan Health, I …
Global Behavioral Rehabilitation Market: Overview The global behavioral rehabilitation market is driven by the growing awareness among people regarding the availability of therapeutic options. The prevalence of behavioral disorders is also increasing, driving the behavioral rehabilitation market. The growing efforts and initiatives taken by governments across the globe in this direction will also push the growth of this market. Some of the programs started by governments to help people affected