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Behavioral Biometrics Market Annual Growth with CAGR of 17.34% Between 2018 and 2023.
The conversion from simple biometric to behavioral biometric authentications are already in under process. Analyst under market research forecasts that the global behavioral biometric market grow at a compound annual growth with CAGR of 17.34% between 2016 and 2020.
The Behavioral Biometric Market is expected to growas products and services are moving into advanced digital security beyond simple password and pincodes.
According to the new market research report by IndustryARC titled “Behavioral Biometrics Market: By Type (Active, Passive); By Level of Authentication; By Deployment Mode; By Application (Fraud Detection and Prevention, Continuous Authentication, Others); By End User (Banking, Enterprise, Government and Law Enforcement, Others) & Geography – Forecast(2018 - 2023),” the market will be driven by increasing sale of smartphones with built-in finger print sensors.
To access the full report, click the link below:
North America Dominates Share in BehavioralBiometric Market:
North American regions is the leading market, and estimated to account for more than 40% in the forecast period of 2018-2023. The increased use of behavioral biometric devicesin government establishments, hospitals, and ATMs in this region is foreseen to raise the growth of the market in the predicted period.Asia-Pacific is among the growing markets for biometric technology.
Selected Type and End-User Analysis Done in the Full Report:
The finding say, voice recognition is the leading segment in the present market.This is an actually a new form of authentication, of voice recognition in mobile banking, that creates a growing demand for multifactor authentication in enterprises, ability to use technology remotely, and quite reasonable price is factor behind the growing market.
Selected Driving Factors Mentioned in the Full Report:
Finger print biometric systems have witnessed wide range of acceptance in various applications. Increasing adoption in e-commerce, tablets, mobile phones, and cloud computingare expected to generate a high demand in the biometric technology.
Key Players of the BehavioralBiometric Market:
Prominent players in market include Biometric Signature ID, BehavioSec, HYPR Corp., AnchorID, B-Secure and Laforge Optical. BehavioSec develops non-invasive biometric authentication methods, its ability is to prevent fraudulent activity. The team is working on enabling defensive systems to recover from a security breach in real-time situation.
A. Next Generation Biometrics Market
B. Biometrics Banking Market
The BehavioralBiometric Market is Segmented as Indicated Below:
The growing popularity of advanced authentication technology are in developed countries will drive the demand for behavioural biometric market.
A. Behavioral Biometrics Market – By Type
1.2. Keystroke Dynamics
2.3. Eye Tracking
2. Decilion Group
4. Odyssey Technologies
What can you expect from the report?
The Behavioral Biometric Market Report is prepared with the main agenda to cover the following points:
1. Market Size by Product Category
2. Market Trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
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