Behavioral Biometrics Market Poised to Hit $6.99 Billion by 2029 with Accelerating Growth Trends

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Behavioral Biometrics Market Size Growth Forecast: What to Expect by 2025?
The market size for behavioral biometrics has seen a significant increase in recent times. The estimated increase is from $2.4 billion in 2024 to $2.92 billion in 2025, with a CAGR of 21.9%. The increase in the past can be credited to the increased use of behavioral biometrics in mobile devices, rising worries about data leaks and identity theft, a growing need for continuous verification, and a heightened use of behavioral biometrics in enterprise applications.

How Will the Behavioral Biometrics Market Size Evolve and Grow by 2029?
Predictions show a surge in the size of the behavioral biometrics market over the upcoming years. It is expected to balloon to $6.99 billion by 2029, with a projected annual growth rate of 24.4%. Factors contributing to this remarkable growth includes increased use of behavioral biometrics in emerging markets, higher demand for continuous authentication, and the incorporation of behavioral biometrics in novel applications. Furthermore, the growing government mandates for behavioral biometrics add to this expansion. Trends to watch include advancements in artificial intelligence and machine learning, continued authentication, multi-modal biometrics, as well as IoT security.

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What Drivers Are Propelling the Growth of Behavioral Biometrics Market Forward?
The increasing instances of data breaches are anticipated to drive the growth of the behavioral biometrics industry. Data breaches involve unauthorised hacking of sensitive information through harmful information and security infringements, which can result in sensitive data being stolen from a system without the owner's consent. Behavioral biometrics policy is applied to inhibit unauthorised access to data within a company's employee database by examining behavioral patterns. For instance, the Australian Department of Defence disclosed in November 2023 that the Australian Cyber Security Centre received over 94,000 cybercrime complaints in the fiscal year 2022-2023, denoting a 23 percent surge compared to the preceding fiscal year of 2021-2022. As a result, cybersecurity and data breach incidents are fueling the expansion of the behavioral biometrics market.

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Which Emerging Trends Are Transforming the Behavioral Biometrics Market in 2025?
Leading businesses in the behavioral biometrics market are leaning towards strategic partnerships to provide financial entities across Australia and New Zealand with access to cutting-edge fraud detection technology powered by behavioral biometrics. The essence of strategic partnerships is to utilize each other's strong points and assets to facilitate reciprocal benefits and accomplishments. For example, in October 2022, an alliance was formed between BioCatch, an Israeli firm specializing in behavioral biometrics, and Indue, a financial products firm based in Australia. This recent collaboration allows the gamut of financial institutions, retailers, and not-for-profit organizations within Indue's sphere to utilize BioCatch's progressive technology for bolstering protection from fraud and cybercrime for their clientele. As a result, users in the Indue network will now be able to relish a flawless digital experience, creating a feeling of safety and reliability between financial bodies and their consumers.

What Are the Key Segments in the Behavioral Biometrics Market?
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

Subsegments:
1) By Software: Authentication Software, Fraud Detection Software, Identity Verification Software, Risk Assessment Software
2) By Services: Consulting Services, Implementation Services, Support and Maintenance Services, Training Services

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Who Are the Key Players Shaping the Behavioral Biometrics Market's Competitive Landscape?
Major companies operating in the behavioral biometrics market 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.

What Geographic Markets Are Powering Growth in the Behavioral Biometrics Market?
North America was the largest region in the behavioral biometrics market share in 2024. 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.

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