This market research report presents a detailed segmentation of the global keystroke biometrics market by end user (enterprises, education, e-commerce, and others) and by geography (the Americas, APAC, and EMEA). The leading vendors in this market are AuthenWare, Deepnet Security, and ID Control.
Technavio’s market research analysts estimate the global keystroke biometrics market to grow at a CAGR of 10% between 2016 and 2020. Keystroke biometrics is a transparent authentication solution that requires no alteration to an individual’s behavior. Increase in the instances of data theft will necessitate the implementation of keystroke biometrics across sectors like banking, insurance, and e-commerce during the forecast period. The Americas lead the global keystroke biometrics market, and is expected to hold around 51% of eth overall market share by 2020. Much of this market’s growth comes from the heavy dependence on wireless technologies, rapid transition to cloud-based services, and the presence of a dynamic e-commerce market
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“Owing to the rising need for data security, businesses and governments from across the globe have been compelled to adopt multimodal biometric solutions. Multimodal biometrics integrates several applications like keystrokes, facial, and fingerprints to prevent unauthorized access to sensitive data. In this mode of data protection, online and offline access to networks and mobile devices is made available to those who have access. Since the integration of different technologies helps end users to not only restrict access but also overcome the limitations of using a single technology, its demand among the end users will increase rapidly over the next few years,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research
Business enterprises comprise the largest segment of the global keystroke biometrics market during 2015 and will generate a market revenue of nearly USD 220 million by the end of 2020. Much of this segment’s growth can be attributed to the introduction of the “bring your own device”policy by enterprises, which necessitates the integration of keystroke biometrics with any mobile device to protect sensitive data.
Segmentation of global keystroke biometrics market by end-users
Source: Technavio
This market is still in its nascent stage, and though there are a number of players in the market, there is intense competition between them. Since this market is still in its nascent stage, there is enough room for new entrants during the forecast period. Many companies are adopting M&A strategies to consolidate their position and expand their global reach. In this market, the major challenge for vendors is to offer unique products so that they can compete better for market shares. Rapid changes in technology and changing end-user preferences are the other challenges faced by vendors in this market.
A more detailed analysis is available in the Technavio report, Global Keystroke Biometrics Market 2016-2020
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