Behavoiur monitoring : Detect, track and stop risky behaviour before it affects your business

According to research report "Behavioral Biometrics Market by Component (Software & Services), Application (Identity & Access Management, Risk & Compliance Management, Fraud Detection & Prevention management), Deployment Model, Organization Size, and Vertical - Global forecast to 2023",published by MarketsandMarkets, global behavioral biometrics market size is expected to grow from USD 871.2 million in 2018 to USD 2,552.7 million by 2023, at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period.

The key factors driving the market include growth in online transactions and online fraudulent activities, and higher compatibility with emerging AI technologies.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=64844371The identity and access management application segment to hold the largest market size in the behavioral biometrics market in 2018The identity and access management application segment would dominate the overall market in terms of share, as the behavioral biometrics applications are predominantly finding use in all major industry verticals to reduce risks and improve the efficiency and transparency in payment systems across verticals.

The technology monitors user behavior, such as their typing styles, in background while they log-in into their applications and during sessions.

Working retrospectively, behavioral biometrics provides an additional layer of security over the existing identity and access solutions without impeding the performance of applications and enhancing overall user experience.The services segment to grow at a higher CAGR in the global market during the forecast periodThe categories in the behavioral biometrics market by components are software and services.

Professional services and managed services help enterprises in building successful client relationships by continuously supporting them through the business tenure.

Further, these services benefit enterprises by maximizing the resource usage, improving project execution, and streamlining the business operations.

The Mobile Biometrics Market is expected to grow from USD 4.03 Billion in 2015 to USD 49.33 Billion by 2022, at a CAGR of 29.3% between 2016 and 2022.

In the last few years, most of the smart phone companies have launched biometrics-enabled phones.

While the focus is currently on fingerprint recognition technology, the market is trending toward advanced biometric technologies such as face, voice, iris, and others.Mobile biometrics is a technology used for security and authentication.

Consumer electronics companies have shown extensive growth and hold a major share of the global mobile biometrics market.

The mobile biometrics market is mainly driven by the strategic contracts, partnerships, agreements, mergers, acquisitions, expansions, new product launches, and other developments carried out by the players in market.Request PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=255843667Apple Inc. (U.S.), a world leader in consumer electronics, was ranked first in the mobile biometrics market in 2015.

The acquisition enabled Apple to incorporate Authentec proprietary technology in its offering.

Global behavioral biometrics market was valued at US$ 760.43 Mn in 2017 and is expected to reach US$ 4344.56 Mn by 2026, at a CAGR of 24.34% during a forecast period.Global behavioral biometrics marketBehavioral biometrics is the field of study correlated to the measure of exclusively identifying and measurable patterns in human activities.

The term compares with physical biometrics, which includes innate human characteristics such as fingerprints or iris patterns.The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.

The report also helps in understanding behavioral biometrics market dynamics, structure by identifying and analyzing the market segments and project the global market size.

Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.

The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in behavioral biometrics market.The major growth drivers of the market include increasing online transactions and online fraudulent activities across the globe, and rising need for multi-layered security approach in the finance industry.

Apart from major applications such as fraud detection & prevention management, identity & access management, risk & compliance management will also fuel the growth of market.