Keystroke Dynamics Market to Projected Reach $754.9 Million by 2025 - AMR

PORTLAND, Ore. - March 6, 2019 - PRLog -- Increase in the number of fraudulent digital transactions worldwide and rise in demand for multi-modular biometrics drive the growth of the global keystroke dynamics market. However, issues related to performance and interoperability coupled with lack of awareness about this technology hamper the market growth. On the contrary, growing need for advanced security measures in the Internet of Things (IoT) landscape is expected to create lucrative opportunities for the market players in the near future. The global keystroke dynamics market accounted for $129.8 million in 2017 and is expected to reach $754.9 million by 2025, registering a CAGR of 24.7% through 2025.

Software segment to retain largest market share through 2025:

The software segment held the largest share in 2017, contributing three-fourths of the total revenue, owing to rise in demand for multimodal biometrics alongside associated benefits such as accurate real-time detection. However, the service segment is expected to register the fastest CAGR of 27.6% during the forecast period, owing to aggrandized need for periodic release of security updates and provision of maintenance services for existing infrastructure.

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SMEs segment to manifest fastest growth by 2025:

Small and medium enterprises (SMEs) segment is projected to register the fastest CAGR of 30.7% through 2025, owing to ease of installation and cost-effectiveness of keystroke dynamics solutions among SMEs. However, the large enterprises segment held the largest share in 2017, contributing more than four-fifths of the total revenue, owing to the increasing need for securing digital transactions in large enterprises and introduction of   the "bring your own device" concept.

On premise segment to lead the market through 2025:

The on premise segment held the largest share in 2017, contributing nearly two-thirds of the total revenue, owing to the increasing adoption of on-premise keystroke dynamics in data intensive industry verticals such as BFSI, government and defense, which generate massive amount of critical data, which needs high level of security. However, the cloud segment is expected to grow at the fastest CAGR of 28.6% through 2025, owing to its growing adoption supported by numerous benefits, such as scalability, high cost efficiency, and enhanced flexibility in deployment.

Risk and compliance management segment to register highest CAGR by 2025:

The risk and compliance management segment is projected to register the fastest CAGR of 26.6% during the forecast period, owing to the increase in demand for risk and compliance management solutions among end-user organizations to reduce cyber and data breach risks. However, the continuous authentication segment held the largest share in 2017, contributing nearly one-third of the total revenue, as the data captured through continuous keystroke dynamics enables real-time authentication and prevents data breach after the initial login process. The report also analyzes identity proofing and fraud detection & prevention segments.

North America region to garner largest revenue through 2025:

North America region contributed the largest share, with nearly two-fifths of the total market revenue in 2017. This is attributed to the increased demand for security and verification on account of the surge in cyberattacks and data breaches in this region and rise in demand for multimodal biometrics in government databases, large organizations, and defense sector for safeguarding confidential data. However, Asia-Pacific region is expected to register the fastest CAGR of 27.5% during the forecast period, owing to rise in online transactions, growth of the e-commerce industry, and increase in expenditure by government and BFSI organizations to beef up security to safeguard data.

Major market players:

The key players analyzed in the report include KeyTrak Inc., ID Control, Delfigo Security, Authenware Corporation, SERBAN Biometrics, TypingDNA, BehavioSec Inc., Intensity Analytics, DeepNet Security, and Daon Inc.

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