Behavioral Biometric Market Report: Trends, Forecast and Competitive Analysis to 2030

Behavioral Biometric Trends and Forecast

The future of the global behavioral biometric market looks promising with opportunities in the BFSI, retail and e-commerce, healthcare, IT & telecom, and government and defense markets. The global behavioral biometric market is expected to reach an estimated $3.2 billion by 2030 with a CAGR of 23.4% from 2024 to 2030. The major drivers for this market are increase in fraudulent activities and online transactions worldwide and growing demand for multi-layer security in the finance sector.

A more than 150-page report is developed to help in your business decisions.

Behavioral Biometric by Segment

The study includes a forecast for the global behavioral biometric by solution, organization size, application, end use, and region.

Behavioral Biometric Market by Solution [Shipment Analysis by Value from 2018 to 2030]:

• Behavioral Biometrics Software
• Services

Behavioral Biometric Market by Organization Size [Shipment Analysis by Value from 2018 to 2030]:

• Small And Medium-Sized Enterprises
• Large Enterprises

Behavioral Biometric Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Identity Verification & Validation
• Fraud Prevention
• Multi-Factor Authentication
• Others

Behavioral Biometric Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• BFSI
• Retail And E-Commerce
• Healthcare
• IT & telecom
• Government And Defense

Behavioral Biometric Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Behavioral Biometric Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies behavioral biometric companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the behavioral biometric companies profiled in this report include-

• Biocatch
• Ibm
• Nuance Communications
• Secureauth
• UnifyID
• Behaviosec
• Securedtouch
• Threatmark
• Plurilock
• Zighra

Behavioral Biometric Market Insights

Lucintel forecasts that identity verification & validation will remain the largest segment over the forecast period because the users are given several authentication choices based on their privilege levels.

North America will remain the largest region over the forecast period due to increasing need for data security owing to the availability of top technology providers and behavioral biometrics solutions in this region.

Features of the Global Behavioral Biometric Market

Market Size Estimates: Behavioral biometric market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Behavioral biometric market size by various segments, such as by solution, organization size, application, end use, and region in terms of value ($B).

Regional Analysis: Behavioral biometric market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different solution, organization size, application, end use, and regions for the behavioral biometric market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the behavioral biometric market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the behavioral biometric market size?

Answer: The global behavioral biometric market is expected to reach an estimated $3.2 billion by 2030.

Q2. What is the growth forecast for behavioral biometric market?

Answer: The global behavioral biometric market is expected to grow with a CAGR of 23.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the behavioral biometric market?

Answer: The major drivers for this market are increase in fraudulent activities and online transactions worldwide and growing demand for multi-layer security in the finance sector.

Q4. What are the major segments for behavioral biometric market?

Answer: The future of the global behavioral biometric market looks promising with opportunities in the BFSI, retail and e-commerce, healthcare, IT & telecom, and government and defense markets.

Q5. Who are the key behavioral biometric market companies?

Answer: Some of the key behavioral biometric companies are as follows:

• Biocatch
• Ibm
• Nuance Communications
• Secureauth
• UnifyID
• Behaviosec
• Securedtouch
• Threatmark
• Plurilock
• Zighra

Q6. Which behavioral biometric market segment will be the largest in future?

Answer: Lucintel forecasts that identity verification & validation will remain the largest segment over the forecast period because the users are given several authentication choices based on their privilege levels.

Q7. In behavioral biometric market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to increasing need for data security owing to the availability of top technology providers and behavioral biometrics solutions in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the behavioral biometric market by solution (behavioral biometrics software and services), organization size (small and medium-sized enterprises and large enterprises), application (identity verification & validation, fraud prevention, multi-factor authentication, and others), end use (BFSI, retail and e-commerce, healthcare, IT & telecom, and government and defense), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?