IMARC Group’s latest report, titled "Behavioral Biometrics Market Report by Component (Software, Services), Type (Keystroke Dynamics, Gait Analysis, Signature Analysis, Voice Recognition), Application (Identity Proofing, Continuous Authentication, Risk and Compliance Management, Fraud Detection and Prevention, and Others), Deployment (Cloud-based, On-premises), Enterprise Size (Large Enterprise, Small and Medium Enterprise), End Use Industry (BFSI, Retail and E-commerce, Government and Defense, Healthcare, IT and Telecom, and Others), and Region 2025-2033," finds that the global behavioral biometrics market size reached USD 4.5 Billion in 2024. Behavioral biometrics is a cybersecurity solution that tracks and identifies human behavioral patterns to authenticate users in real-time. It uses mobile computing devices, including smartphones, tablets, and wearables, to collect data via accelerometers and gyroscopes. The data is then evaluated using advanced software algorithms like artificial intelligence (AI) to facilitate identity verification and fraud detection. It provides numerous benefits in the banking industry, including social engineering scam detection, account takeover protection, and account opening protection. As a result, behavioral biometrics finds extensive applications in the banking, financial services, and insurance (BFSI) industry for securing internet banking services.
Global Behavioral Biometrics Market Trends:
Due to rising data breaches, the widespread adoption of authentication technology for preventing fraudulent transactions and securing customers against cybercrime represents the primary factor driving the market growth. Moreover, the surging need for high-security enterprise solutions to manage the challenges of safeguarding digital identity for governmental applications is positively influencing market growth. Additionally, behavioral biometrics offers robust, continuous, risk-based identity authentication and anti-fraud protection that do not require specialized hardware or additional security measures. Besides this, the rising applications of behavioral biometrics in the e-learning industry for exam integrity solutions due to its flexibility, convenience, efficiency, and insider threat detection have augmented product demand. Furthermore, there has been an increase in the use of smartphones for entertainment, socializing, and work purposes. In line with this, the rising security and privacy concerns due to the increasing exchange of data over the web are contributing to market growth. Apart from this, the emergence of advanced technologies, such as machine learning (ML) and AI, and the surging use of these technologies in authentication and identification applications have catalyzed market growth. Other factors, including the rapid rise in mobile banking, favorable government initiatives, and the growing popularity of voice assistants, are also creating a positive market outlook. Looking forward, the market value is expected to reach USD 10.5 Billion by 2033, expanding at a CAGR of 9.31% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Component, Type, Application, Deployment, Enterprise Size, End Use Industry, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | BehavioSec Inc., BioCatch Ltd., Fair Isaac Corporation, International Business Machines Corporation, Mastercard Incorporated, Nuance Communications Inc., Plurilock Security Inc., SecureAuth Corporation, SecuredTouch Inc., ThreatMark s.r.o., UnifyID Inc. and Zighra Inc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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