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Worldwide Behavioral Biometrics Industry to 2026 – Market Analysis and Forecast

Dublin, Dec. 16, 2020 (GLOBE NEWSWIRE) — The “Global Behavioral Biometrics Market By Component, By Application, By Type, By Deployment Type, By End User, By Region, Industry Analysis and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering. The Global Behavioral Biometrics Market size is expected to reach $3.4 billion by 2026, rising at a market growth of 23.4% CAGR during the forecast period. Behavioral biometrics solution is beneficial for the purpose of identification of users by examining their activities like signature verification, keystroke dynamics, gesture recognition, voice recognition, and others. In the solution, a biometrics system validates a behavior of the users against its profile that is built from a huge number of cognitive, physiological, and contextual traits. This technology is expected to improve data security amongst different end-users. This will create beneficial opportunities for the expansion of the market in the coming future.The market growth of global behavioral biometrics is mainly driven by the development of the IoT landscape, an increase in the number of online transactions, and a rise in the necessity for improved security systems. Moreover, performance issues related to behavioral biometrics solutions and the dearth of cybersecurity budget are anticipated to substantially impact the behavioral biometrics market growth in the coming years. Furthermore, the advent of AI in behavioral biometrics and the development of the cloud-based solutions market is likely to have a positive effect on the growth of the global behavioral biometrics market during the foreseeable period. These factors together provide new opportunities for the growth of the market. Though, each factor has a certain impact on the market.The advent of technologies like Artificial Intelligence (AI) & machine learning (MI), and the increasing adoption of these technologies in authentication and identification application, could offer a potential growth opportunity for players of the market. Developers are progressively started adopting AI and machine learning in behavioral biometrics in order to develop identification, authentication, and verification products for improved security. AI-driven behavioral biometrics are mostly used for the prevention of account takeover fraud across financial institutions. Progresses in the field of AI are assisting substantial improvements in the abilities of AI-driven behavioral biometrics, the rising adoption of which is anticipated to advance identification and authentication approaches.The COVID-19 pandemic is anticipated to have a negative impact on the behavioral biometrics technology market on numerous fronts. The pandemic has forced several companies to temporarily halt manufacturing operations in order to obey new government regulations. Revenue streams have been affected the most owing to the adverse impact of disruption of supply chains and trade on overall operations. Though, the pandemic has augmented the demand for hygienic, secure, and appropriate authentication systems all across the globe. The extremely infectious nature of COVID-19 has made people cautious of touching keypads, card readers, and other devices that are used for precise identity authentication.Based on Component, the market is segmented into Software and Services. Based on Application, the market is segmented into Identity & Access Management, Risk & Compliance Management and Fraud Detection & Prevention. Based on Type, the market is segmented into Voice Recognition, Signature Analysis, Keystroke Dynamics and Others. Based on Deployment Type, the market is segmented into On-premise and Hosted. Based on End User, the market is segmented into BFSI, Telecom & IT, Healthcare, Retail & E-commerce, Government & Defense and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.The major strategies followed by the market participants are Partnerships and Product Launches. Based on the Analysis presented in the Cardinal matrix; Mastercard, Inc., Samsung Electronics Co., Ltd., and IBM Corporation are the forerunners in the Behavioral Biometrics Market. Companies such as Nuance Communications, Inc., NEC Corporation, and BioCatch Ltd., BehavioSec, Inc., SecuredTouch, Inc., Plurilock Security Solutions, Inc., and Fair Issac Corporation are some of the key innovators in the market.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Samsung Electronics Co., Ltd. (Samsung Group), NEC Corporation, Nuance Communications, Inc., Fair Isaac Corporation (FICO) (EZMCOM, Inc.), Mastercard, Inc. (NuData Security, Inc.), BioCatch Ltd., BehavioSec, Inc., Plurilock Security Solutions, Inc. and SecuredTouch, Inc.Companies Profiled IBM CorporationSamsung Electronics Co., Ltd. (Samsung Group)NEC CorporationNuance Communications, Inc.Fair Isaac Corporation (FICO) (EZMCOM, Inc.)Mastercard, Inc. (NuData Security, Inc.)BioCatch Ltd.BehavioSec, Inc.Plurilock Security Solutions, Inc.SecuredTouch, Inc. Unique Offerings from the Publisher Exhaustive coverageHighest number of market tables and figuresSubscription based model availableGuaranteed best priceAssured post sales research support with 10% customization free Key Topics Covered: Chapter 1. Market Scope & Methodology1.1 Market Definition1.2 Objectives1.3 Market Scope1.4 Segmentation1.4.1 Global Behavioral Biometrics Market, by Component1.4.2 Global Behavioral Biometrics Market, by Application1.4.3 Global Behavioral Biometrics Market, by Type1.4.4 Global Behavioral Biometrics Market, by Deployment Type1.4.5 Global Behavioral Biometrics Market, by End User1.4.6 Global Behavioral Biometrics Market, by Geography1.5 Methodology for the researchChapter 2. Market Overview2.1 Introduction2.1.1 Overview2.1.2 Executive Summary2.1.3 Market Composition and Scenario2.2 Key Factors Impacting the Market2.2.1 Market Drivers2.2.2 Market RestraintsChapter 3. Competition Analysis – Global3.1 Cardinal Matrix3.2 Recent Industry Wide Strategic Developments3.2.1 Partnerships, Collaborations and Agreements3.2.2 Product Launches and Product Expansions3.2.3 Mergers & Acquisitions3.3 Top Winning Strategies3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, Apr – 2020, Jul) Leading PlayersChapter 4. Global Behavioral Biometrics Market by Component4.1 Global Behavioral Biometrics Software Market by Region4.2 Global Behavioral Biometrics Services Market by RegionChapter 5. Global Behavioral Biometrics Market by Application5.1 Global Behavioral Biometrics Identity & Access Management Market by Region5.2 Global Behavioral Biometrics Risk & Compliance Management Market by Region5.3 Global Behavioral Biometrics Fraud Detection & Prevention market by RegionChapter 6. Global Behavioral Biometrics Market by Type6.1 Global Voice Recognition Behavioral Biometrics Market by Region6.2 Global Signature Analysis Behavioral Biometrics Market by Region6.3 Global Keystroke Dynamics Behavioral Biometrics Market by Region6.4 Global Other Type Behavioral Biometrics Market by RegionChapter 7. Global Behavioral Biometrics Market by Deployment Type7.1 Global On-premise Behavioral Biometrics Market by Region7.2 Global Hosted Behavioral Biometrics Market by RegionChapter 8. Global Behavioral Biometrics Market by End Use8.1 Global BFSI Behavioral Biometrics Market by Region8.2 Global Telecom & IT Behavioral Biometrics Market by Region8.3 Global Healthcare Behavioral Biometrics Market by Region8.4 Global Retail & E-commerce Behavioral Biometrics Market by Region8.5 Global Government & Defense Behavioral Biometrics Market by Region8.6 Global Others Behavioral Biometrics Market by RegionChapter 9. Global Behavioral Biometrics Market by Region9.1 North America Behavioral Biometrics Market9.2 Europe Behavioral Biometrics Market9.3 Asia Pacific Behavioral Biometrics Market9.4 LAMEA Behavioral Biometrics MarketChapter 10. Company Profiles10.1 IBM Corporation10.1.1 Company Overview10.1.2 Financial Analysis10.1.3 Regional & Segmental Analysis10.1.4 Research & Development Expenses10.1.5 Recent strategies and developments:10.1.5.1 Partnerships, Collaborations, and Agreements:10.1.5.2 Product Launches and Product Expansions:10.1.6 SWOT Analysis10.2 Samsung Electronics Co., Ltd. (Samsung Group)10.2.1 Company Overview10.2.2 Financial Analysis10.2.3 Segmental and Regional Analysis10.2.4 Research & Development Expense10.2.1 Recent strategies and developments:10.2.1.1 Partnerships, Collaborations, and Agreements:10.2.2 SWOT Analysis10.3 NEC Corporation10.3.1 Company Overview10.3.2 Financial Analysis10.3.3 Segmental and Regional Analysis10.3.4 Research & Development Expenses10.3.5 Recent strategies and developments:10.3.5.1 Partnerships, Collaborations, and Agreements:10.3.5.2 Product Launches and Product Expansions:10.3.5.3 Acquisition and Mergers:10.3.6 SWOT Analysis10.4 Nuance Communications, Inc.10.4.1 Company Overview10.4.2 Financial Analysis10.4.3 Segmental and Regional Analysis10.4.4 Research & Development Expense10.4.5 Recent strategies and developments:10.4.5.1 Partnerships, Collaborations, and Agreements:10.4.5.2 Acquisition and Mergers:10.4.5.3 Product Launches and Product Expansions:10.4.6 SWOT Analysis10.5 Fair Isaac Corporation (FICO) (EZMCOM, Inc.)10.5.1 Company Overview10.5.2 Financial Analysis10.5.3 Segmental and Regional Analysis10.5.4 Research & Development Expense10.5.5 Recent strategies and developments:10.5.5.1 Product Launches and Product Expansions:10.5.6 SWOT Analysis10.6 Mastercard, Inc. (NuData Security, Inc.)10.6.1 Company Overview10.6.2 Financial Analysis10.6.3 Regional Analysis10.6.4 Recent strategies and developments:10.6.4.1 Partnerships, Collaborations, and Agreements:10.6.4.2 Product Launches and Product Expansions:10.7 BioCatch Ltd.10.7.1 Company Overview10.7.2 Recent strategies and developments:10.7.2.1 Partnerships, Collaborations, and Agreements:10.7.2.2 Product Launches and Product Expansions:10.7.2.3 Acquisition and Mergers:10.8 BehavioSec, Inc.10.8.1 Company Overview10.8.2 Recent strategies and developments:10.8.2.1 Partnerships, Collaborations, and Agreements:10.8.2.2 Product Launches and Product Expansions:10.9 Plurilock Security Solutions, Inc.10.9.1 Company Overview10.9.2 Recent strategies and developments:10.9.2.1 Product Launches and Product Expansions:10.10. SecuredTouch, Inc.10.10.1 Company Overview10.10.2 Recent strategies and developments:10.10.2.1 Partnerships, Collaborations, and Agreements: For more information about this report visit https://www.researchandmarkets.com/r/lt0aot Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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