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 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.
- SecuredTouch, Inc.
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Behavioral Biometrics Market, by Component
1.4.2 Global Behavioral Biometrics Market, by Application
1.4.3 Global Behavioral Biometrics Market, by Type
1.4.4 Global Behavioral Biometrics Market, by Deployment Type
1.4.5 Global Behavioral Biometrics Market, by End User
1.4.6 Global Behavioral Biometrics Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, Apr - 2020, Jul) Leading Players
Chapter 4. Global Behavioral Biometrics Market by Component
4.1 Global Behavioral Biometrics Software Market by Region
4.2 Global Behavioral Biometrics Services Market by Region
Chapter 5. Global Behavioral Biometrics Market by Application
5.1 Global Behavioral Biometrics Identity & Access Management Market by Region
5.2 Global Behavioral Biometrics Risk & Compliance Management Market by Region
5.3 Global Behavioral Biometrics Fraud Detection & Prevention market by Region
Chapter 6. Global Behavioral Biometrics Market by Type
6.1 Global Voice Recognition Behavioral Biometrics Market by Region
6.2 Global Signature Analysis Behavioral Biometrics Market by Region
6.3 Global Keystroke Dynamics Behavioral Biometrics Market by Region
6.4 Global Other Type Behavioral Biometrics Market by Region
Chapter 7. Global Behavioral Biometrics Market by Deployment Type
7.1 Global On-premise Behavioral Biometrics Market by Region
7.2 Global Hosted Behavioral Biometrics Market by Region
Chapter 8. Global Behavioral Biometrics Market by End Use
8.1 Global BFSI Behavioral Biometrics Market by Region
8.2 Global Telecom & IT Behavioral Biometrics Market by Region
8.3 Global Healthcare Behavioral Biometrics Market by Region
8.4 Global Retail & E-commerce Behavioral Biometrics Market by Region
8.5 Global Government & Defense Behavioral Biometrics Market by Region
8.6 Global Others Behavioral Biometrics Market by Region
Chapter 9. Global Behavioral Biometrics Market by Region
9.1 North America Behavioral Biometrics Market
9.2 Europe Behavioral Biometrics Market
9.3 Asia Pacific Behavioral Biometrics Market
9.4 LAMEA Behavioral Biometrics Market
Chapter 10. Company Profiles
10.1 IBM Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional & Segmental Analysis
10.1.4 Research & Development Expenses
10.1.5 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 Analysis
10.2 Samsung Electronics Co., Ltd. (Samsung Group)
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.1 Recent strategies and developments:
10.2.1.1 Partnerships, Collaborations, and Agreements:
10.2.2 SWOT Analysis
10.3 NEC Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 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 Analysis
10.4 Nuance Communications, Inc.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 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 Analysis
10.5 Fair Isaac Corporation (FICO) (EZMCOM, Inc.)
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Product Launches and Product Expansions:
10.5.6 SWOT Analysis
10.6 Mastercard, Inc. (NuData Security, Inc.)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Regional Analysis
10.6.4 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 Overview
10.7.2 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 Overview
10.8.2 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 Overview
10.9.2 Recent strategies and developments:
10.9.2.1 Product Launches and Product Expansions:
10.10. SecuredTouch, Inc.
10.10.1 Company Overview
10.10.2 Recent strategies and developments:
10.10.2.1 Partnerships, Collaborations, and Agreements:
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