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24.0% Growth Rate for Behavioral Biometrics Market by 2023 | BioCatch, IBM , Nuance Communications, Secure Auth, Mastercard , BehavioSec , SecuredTouch and Others
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The Global Behavioral Biometrics Market size is expected to grow from US$ 871.2 Million in 2018 to US$ 2,552.7 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period. Major growth drivers for the market are a rapid increase in online transactions and online fraudulent activities, and an increasing need for multi-layered security approach in the BFSI industry are expected to drive the behavioral biometrics market.
Complete report on Behavioral Biometrics Market spread across 187 pages, profiling 25 companies and supported with tables and figures. Access Research at https://www.reportsnreports.com/purchase.aspx?name=1589483 .
Organizations are rapidly deploying behavioral biometric solutions, either on-premises or thecloud. The demand for cloud-based behavioral biometrics solutions is increasing due to cost-effective and time-efficient features of cloud. Hence, SMEs would prefer to deploy behavioral biometrics solutions on the cloud.
“APAC to grow at the highest rate during the forecast period”
The behavioral biometrics market growth in Asia Pacific (APAC)is gaining momentum and is expected to record the highest growth rate during the forecast period. Vendors in the region have been adopting venture funding strategies and are investing in R&D activities in an effort to provide technologically advanced tag management solutions. In addition, major economies in APAC, such as China, India, Australia, and New Zealand, are investing in emerging technologies to implement innovation in the traditional business processes and enhance the performance. The region witnesses an increased adoption rate of such solutions across major industry verticals.
Study Objectives:
The major objective of the report is to define, describe, and forecast the global behavioral biometrics market by component, application, deployment model, organization size, vertical, and region. The report provides detailed information related to the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market. The report aims to strategically analyze micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market. The report attempts to forecast the market size with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
#Target Audience for Behavioral Biometrics Market:
• Device manufacturers and suppliers
• Biometric component and equipment manufacturers and suppliers
• System integrators
• Managed service providers
• Installation, monitoring, and controlling companies
• Technology standards organizations, forums, alliances, and associations related to the market
• Government organizations
• Artificial Intelligence (AI) solution providers
• User data analytics software providers
• Professional service providers
• Legal agencies
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#Top Companies in the “Behavioral Biometrics Market” include are BioCatch (Israel), IBM (US), Nuance Communications (US), Secure Auth (US), Mastercard (US), BehavioSec (Sweden), SecuredTouch (US), ThreatMark (Czech Republic), Plurilock (Canada), Zighra (Canada), XTN (Italy), EZMCOM (US), One Identity (US), Callsign (UK), FST Biometrics (Israel), UnifyID(US), AimBrain (UK), AuthenWare (US), Sentegrity (US), TypingDNA (Romania), NoPassword (US), ID Finance (Spain), Nethone (Poland), Pinn Technology (US), and Unbotify (Israel).
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