Behavioral Biometric Market Size 2024-2028
The behavioral biometric market size is forecast to increase by USD 14.33 billion at a CAGR of 26.65% between 2023 and 2028.
What will be the Size of the Behavioral Biometric Market During the Forecast Period?
How is this Behavioral Biometric Industry segmented and which is the largest segment?
The behavioral biometric industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- End-user
- Government
- BFSI
- Automotive
- Healthcare
- Others
- Technology
- Voice recognition
- Signature recognition
- Keystroke recognition
- Gait analysis
- Geography
- North America
- US
- APAC
- China
- Japan
- Europe
- Germany
- UK
- South America
- Middle East and Africa
- North America
By End-user Insights
- The government segment is estimated to witness significant growth during the forecast period.
Behavioral biometrics is a critical technology in modern security solutions, with significant growth in various sectors, particularly the government. The need for enhanced security measures, border control, and public safety drives the adoption of behavioral biometrics by government entities. Applications include access control to critical areas, identity verification for law enforcement, and securing digital government platforms. Behavioral biometrics, such as keystroke dynamics, swipe analysis, touch analysis, mouse interactions, cognitive biometrics, and physical biometrics like fingerprints, facial patterns, iris characteristics, and voiceprints, offer unique human attributes for user verification. These technologies improve the accuracy and reliability of identity verification processes, ensuring secure access to sensitive databases and infrastructure.
In border control and immigration, behavioral biometrics are used to authenticate travelers' identities through facial and voice recognition. The integration of behavioral biometrics enhances security, prevents fraudulent activities, and provides personalized experiences with minimal friction. Emerging technologies, such as continuous authentication and monitoring, offer increased security and adaptability in preventing higher-risk events, including account opening fraud, account takeover, scams, and cybercriminal attacks.
Get a glance at the Behavioral Biometric Industry report of share of various segments Request Free Sample
The Government segment was valued at USD 1.36 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
- North America is estimated to contribute 33% to the growth of the global market during the forecast period.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions, Request Free Sample
Behavioral biometrics, which involves analyzing user proclivities, interactions, and unique human attributes, has gained significant traction in North America due to escalating cybersecurity threats and the increasing importance of secure identity verification. This market growth is fueled by the widespread use of digital devices and online transactions, necessitating advanced verification methods. Keystroke dynamics, swipe analysis, touch analysis, mouse interactions, cognitive biometrics, and physical biometrics such as fingerprints, facial patterns, iris characteristics, and voiceprints are all integral to behavioral biometrics. These technologies enable continuous authentication and monitoring, ensuring security during financial transactions and the protection of sensitive data. Organizations in various sectors, including finance, healthcare, and e-commerce, are adopting behavioral biometrics for customer recognition, personalized experiences, and fraud prevention.
Regulatory initiatives promoting data security and privacy further bolster market expansion. The advanced technological infrastructure and high cybersecurity awareness in North America provide a conducive environment for the implementation of behavioral biometrics solutions.
Market Dynamics
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the key market drivers leading to the rise In the adoption of Behavioral Biometric Industry?
Increasing cybersecurity concerns driving behavioral biometrics is the key driver of the market.
What are the market trends shaping the Behavioral Biometric Industry?
Combining multiple biometric modalities is the upcoming market trend.
What challenges does the Behavioral Biometric Industry face during its growth?
Increasing misuse of personal information is a key challenge affecting the industry growth.
Exclusive Customer Landscape
The behavioral biometric market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the behavioral biometric market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, behavioral biometric market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
BIO key International Inc. - Behavioral biometrics is a cutting-edge technology that allows users to securely access multiple applications or systems using unique behavioral credentials. These credentials, which can include fingerprints, palm prints, facial features, or iris patterns, offer a more dynamic and nuanced approach to authentication than traditional methods. By analyzing user behavior patterns, behavioral biometric solutions provide an additional layer of security, helping to prevent unauthorized access and protect against fraud. This technology is an essential component of modern security strategies, empowering organizations to verify identity and enhance user experience in a seamless and efficient manner.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- BIO key International Inc.
- BioCatch Ltd.
- Callsign Inc.
- Deepnet Security
- Fingerprint Cards AB
- International Business Machines Corp.
- Mangopay SA
- Mastercard Inc.
- Microsoft Corp.
- Mitek Systems Inc.
- Plurilock Security Inc
- Prove Identity Inc.
- Quest Software Inc.
- RELX Plc
- SecureAuth Corp.
- ThreatMark
- TypingDNA
- Veridium IP Ltd.
- XTN Cognitive Security Srl
- Zighra Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Research Analyst Overview
Behavioral biometrics refers to the analysis of unique human attributes and interactions with digital devices to verify user identity and detect fraudulent activities. This approach utilizes various verification methods, including keystroke dynamics, swipe analysis, touch analysis, mouse interactions, cognitive biometrics, and physical biometrics such as fingerprints, facial patterns, and iris characteristics. Behavioral biometrics provides a dynamic and adaptive solution for user verification in online transactions and website interactions. It recognizes users based on their unique behavioral habits, including mouse movement, mobile phone usage, touch screen swiping, and keyboard typing. This method offers a frictionless experience for genuine transactions while increasing security by detecting potential fraud and suspicious activities.
Fraudsters employ various tactics, such as account opening fraud, account takeover, scams, social engineering attacks, deep fakes, and compromised credentials, to bypass initial authentication and gain unauthorized access to sensitive data. Behavioral biometrics, with its continuous authentication and monitoring capabilities, can detect anomalies and signals of automation, providing an additional layer of security to prevent these threats. Trust is a crucial factor in online transactions, and behavioral biometrics plays a significant role in establishing trust between users and digital platforms. By recognizing authorized users based on their unique behavioral patterns, behavioral biometrics enables personalized experiences and reduces friction.
However, behavioral biometrics also faces challenges, such as limited adaptability and increased friction. Emerging technologies, such as machine learning and artificial intelligence, are being explored to address these challenges and improve the overall effectiveness of behavioral biometrics. Behavioral biometrics offers a dynamic and continuous approach to user verification and fraud prevention, making it an essential tool for businesses in various industries, including finance, healthcare, and e-commerce, to secure their digital interactions and protect their customers' sensitive data.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
165 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 26.65% |
|
Market growth 2024-2028 |
USD 14.33 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
25.87 |
|
Key countries |
US, China, Japan, UK, and Germany |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What are the Key Data Covered in this Behavioral Biometric Market Research and Growth Report?
- CAGR of the Behavioral Biometric industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across North America, APAC, Europe, South America, and Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the behavioral biometric market growth of industry companies
We can help! Our analysts can customize this behavioral biometric market research report to meet your requirements.



