Behavioral Biometrics Market to witness a high growth by 2024

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Behavioral Biometrics Market predicted to grow
exponentially by 2024 Global Market Insights,
Inc.
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Regional Analysis of Behavioral Biometrics
Market

• North America is anticipated to hold a majority
  share in the behavioral biometrics market. This
  can be credited to the technological advancements
  in the IT infrastructure and the widespread
  adoption of big data and social media platforms.
• Furthermore, the government across the region
  has taken a keen interest in biometric
  applications and is aggressively funding multiple
  research programs and startups to develop
  advanced behavioral biometrics applications in
  crucial public sector departments. For instance,
  in 2017 the IARPA launched the Odin program,
  which aimed at developing advanced behavioral
  biometrics technologies to identify imposters
  unauthorized user attempts.

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• Application Analysis of Behavioral Biometrics
  Market
• Behavioral biometrics is used for a wide range of
  application including identity access
  management, fraud detection prevention, and
  risk compliance management. Identity and access
  management is the most used application of the
  behavioral biometrics. This solution is used to
  provide different authentication options to its
  employees based on their privilege levels. It
  also helps in setting up authentication policies
  for sensitive applications defining the maximum
  number of attempts and developing fail-safe
  mechanisms.
• It uses artificial intelligence to detect
  changes in its users environmental behavioral
  factors to trigger caution. Fraud detection
  prevention is also one of the prominent
  applications of the behavioral biometrics
  solutions. It analysis the human-device
  interactions to protect the users and data.
  Moreover, it also collects data through multiple
  data points to capture an array of human
  interactions such as hand-eye coordination,
  pressure, fingerprint movement, and navigation.

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Competitive Market Share of Behavioral
Biometrics Market

• A key factor leading to the growth of the
  behavioral biometrics market is the need for a
  multilayered security approach. Over the years,
  the cybersecurity threats have become advanced
  and sophisticated. Hence, the traditional
  remedies for fighting viruses and malicious codes
  are increasingly becoming ineffective. This has
  driven the companies to adopt multilayered
  security solutions to protect their network
  infrastructures, driving the growth of the
  behavioral biometrics market.
• Behavioral biometrics is used across BFSI,
  healthcare, government, defense,
  telecommunication, and retail sectors. BFSI holds
  a majority share in the market. It enables the
  measurement and analysis of patterns in human
  behaviors. It tracks the activities of the users
  to identify malicious actors and secures the
  organizations network infrastructure in an age
  where the cybercriminals have more access to the
  personally identifiable information (PII) of
  users.

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