Behavioral Biometric Market grow at a compound annual growth with CAGR of 17.34%

According to the new market research report by IndustryARC titled “Behavioral Biometrics Market: By Type (Active, Passive); By Level of Authentication; By Deployment Mode; By Application (Fraud Detection and Prevention, Continuous Authentication, Others); By End User (Banking, Enterprise, Government and Law Enforcement, Others) & Geography – Forecast (2018 – 2023),” the market will be driven by increasing sale of smartphones with built-in finger print sensors.

Biometric authentication has become a unique technology used to prove an individual’s identity. It has become increasingly common in the recent years. Millions of people have become accustomed to use their finger prints, eyes and faces to authenticate themselves.

North America Dominates Share in Behavioral Biometric Market

North American regions is the leading market, and estimated to account for more than 40% in the forecast period of 2018-2023. The increased use of behavioral biometric devices in government establishments, hospitals, and ATMs in this region is foreseen to raise the growth of the market in the predicted period. Asia-Pacific is among the growing markets for biometric technology. Asian countries have started adopting the biometric technology in screening security systems at all the border checkpoints, through facial detection systems.

Selected Type and End-User Analysis Done in the Full Report:

The finding say, voice recognition is the leading segment in the present market. This is an actually a new form of authentication, of voice recognition in mobile banking, that creates a growing demand for multifactor authentication in enterprises, ability to use technology remotely, and quite reasonable price is factor behind the growing market. Multi-factor biometric technology is used under e-commerce and cloud computing, and had created plenty of opportunities for prominent players. This multi-factor authentication is not simple and convenient, they are unlikely to setback widespread in acceptance.

Selected Driving Factors Mentioned in the Full Report

  • Finger print biometric systems have witnessed wide range of acceptance in various applications. Increasing adoption in e-commerce, tablets , mobile phones, and cloud computing are expected to generate a high demand in the biometric technology.
  • The face detection biometric technology is expected to grow rapidly due to its high adoption in retail, security and consumer electronics. Software for face recognition technology in mobile apps, such as digiKam, and Lightroom are have increased the demand in smartphone applications and social networking platforms.

To access the full report, click the link below:

https://industryarc.com/Report/9596/behavioral-biometrics-market-research-report.html

Key Players of the Behavioral Biometric Market

Prominent players in market include Biometric Signature ID, BehavioSec, HYPR Corp., AnchorID, B-Secure and Laforge Optical. BehavioSec develops non-invasive biometric authentication methods, its ability is to prevent fraudulent activity. The team is working on enabling defensive systems to recover from a security breach in real-time situation. HYPR Corporation works with enterprise level clients for security systems and convert the legacy systems to modern biometric standards. The company creates systems used under voice, eye, face, and fingerprint systems. AnchorID offers biometric security in banking environments that helps you to log without password. Increase in security threats has led various market players to expand their market presence by establishing themselves in marketplace.

The Behavioral Biometric Market is Segmented as Indicated Below:

The growing popularity of advanced authentication technology are in developed countries will drive the demand for behavioural biometric market.

  • Behavioral Biometrics Market – By Type
    • Active
      • Signature
      • Keystroke Dynamics
  • Passive
    • Gait
    • Voice
    • Eye Tracking
    • Gesture Recognition
  • Behavioral Biometrics Market – By Level of Authentication
    • Single Factor
    • Multi Factor
  • Behavioral Biometrics Market – By Deployment Mode
    • On Premise
    • Cloud Based
  • Behavioral Biometrics Market – By Application
    • Continous Authentication
    • Risk Based Authentication
    • Insider Threat Detection
    • Fraud Detection and Prevention
    • Others
  • Behavioral Biometrics Market – By End User
    • BFSI
    • Government and Law Enforcement
    • Consumer Electronics
    • Enterprises
    • E-Commerce
    • Casinos
    • Online Education
    • Healthcare
    • Defense
    • Others
  • Behavioral Biometric Market By Geography (16+ countries)
  • Behavioral Biometric Market Entropy
  • Company Profiles
    • BaziFIT
    • Decilion Group
    • Hitachi
    • Odyssey Technologies
    • SpeechPro
    • SutiSoft
    • VoicePass
    • WonderNet
    • Company 9
    • Company 10

More than 10 companies are profiled in this report

Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer.

What can you expect from the report?

The Behavioral Biometric Market Report is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Category
2. Market Trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End User Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis

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