14 May 2021 | Friday | Analysis
A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Behavioral Biometrics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: May 2021
Executive Engagements: 1512
Companies: 38– Players covered include AimBrain Solutions Ltd.; AuthenWare Corporation; BehavioSec Inc.; Biocatch Ltd.; Callsign Inc.; Ezmcom Inc.; FST Biometrics Corporation; IBM Corporation; Id Finance; MasterCard, Inc.; Nethone; NoPassword Inc.; Nuance Communications, Inc.; One Identity LLC.; Pinn Technologies, Inc.; Plurilock Security Solutions Inc.; SecureAuth Corporation; SecuredTouch Inc.; Sentegrity; Threatmark; Typingdna; Unbotify; UnifyID, Inc.; XTN; Zighra and Others.
Coverage: All major geographies and key segments
Segments: Application (Identity & Access Management, Risk & Compliance Management, Fraud Detection & Prevention management); Component (Software, Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Behavioral Biometrics Market to Reach $3.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Behavioral Biometrics estimated at US$1 Billion in the year 2020, is projected to reach a revised size of US$3.9 Billion by 2027, growing at aCAGR of 20.8% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 19.2% CAGR and reach US$2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 22.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $311.9 Million, While China is Forecast to Grow at 20.4% CAGR
The Behavioral Biometrics market in the U.S. is estimated at US$311.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$691 Million by the year 2027 trailing a CAGR of 20.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.5% and 17.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.6% CAGR.
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