Keystroke dynamics is a type of behavioral biometrics used to verify the identity of an individual based on the manner and the rhythm of typing on a keyboard. The technology authenticates its users on different parameters such as patterns of rhythm, overall speed, common errors, and variations of speed moving between specific keys. This behavioral biometrics technology provides a new generation of user security solutions to different end-user industries. Growth in adoption of multi-modal biometrics solutions supported by increase in number of online transactions and rise in number of frauds associated with it are the some major key factors that drive the growth of the global keystroke dynamics market.
Continuous increase in IoT landscape and rise in demand for enhanced multi-modal biometric solutions boost the growth of the market. However, lack of awareness and performance & compatibility issues are some major factors that hinder the growth of the market. Furthermore, factors such as developments in smartphone market in the developing economies and increase in the market of cloud-based keystroke dynamics solutions are expected to create remunerative opportunities for the market in the upcoming years.
The global keystroke dynamics market is segmented based on component, deployment model, application, organization size, industry vertical, authentication type, and region. Based on component, the market is bifurcated into software and service. Based on deployment model, it is divided into on-premise and Cloud-based. Based on application, it is fragmented into identity proofing, continuous authentication, risk & compliance management, fraud detection & prevention, and others. Based on organization size, it is divided into large enterprises and SMBs. According to industry vertical, it is classified into BFSI, retail & e-commerce, healthcare, government & defense, Education, and others. Depending on authentication type, it is divided into static authentication and continuous authentication. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global keystroke dynamics market is dominated by key players such as KeyTrak, Inc., TypingDNA, ID Control, BehavioSec Inc., Delfigo Security, Intensity Analytics, Authenware Corporation, DeepNet Security, SERBAN Biometrics, Daon, Inc., and others.
Key Benefits for Keystroke Dynamics Market:
The study provides an in-depth analysis of the global keystroke dynamics market along with the current trends & future estimations to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
Porter’s five forces analysis illustrates the potency of the buyers and the suppliers operating in the industry.
The quantitative analysis of the global market from 2018 to 2025 is provided to determine the market potential.
Keystroke Dynamics Key Market Segments:
By Component
Software
Service
By Authentication Type
Static Authentication
Continuous Authentication
By Deployment Model
On-premise
Cloud
By Application
Identity Proofing
Continuous Authentication
Risk and Compliance Management
Fraud Detection & Prevention
By Organization Size
Large Enterprises
SMBs
By Industry-vertical
BFSI
Retail & E-commerce
Healthcare
Government & Defense
Education
Others
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Authenware Corporation
BehavioSec Inc.
Daon, Inc.
DeepNet Security
Delfigo Security
ID Control
Intensity Analytics
KeyTrak, Inc.
SERBAN Biometrics
TypingDNA
Table of Contents
Executive Summary
According to the report titled, 'Keystroke dynamics Market by Component, Authentication Type, Deployment Model, Application, Organization Size, Industry Vertical, and Region: Global Opportunity Analysis and Industry Forecast, 2018 - 2025' the global keystroke dynamics was valued at $129.76 million in 2017, and is projected to reach $754.86 million by 2025, registering a CAGR of 24.7% from 2018 to 2025. The large enterprises segment was the highest contributor to the market, owing to the growth in need of multimodal biometrics among these organizations.Every user has a certain way of typing, which separates them from other users. Keystroke dynamics is one of the major evolving biometrics, which involves authentication based on typing patterns of its users, which distinguishes them from one another. This technology can be used with any form of authentication such as PINs and passwords. It helps decrease the dependency on primary forms of authentication. This technology is widely adopted, as enterprise customers constantly focus on adding an additional layer of security to secure their data. Rise in number of online frauds in digital transactions, need of advanced security mechanisms in growing IoT landscape, and surge in demand for multimodal biometrics increase the need for keystroke dynamics, thereby driving the market growth. However, performance & interoperability issues and lack of awareness restrain the growth of the market.
Based on industry vertical, the BFSI segment dominated the global market in 2017, owing to significant applications of keystroke dynamics in strengthening e-banking security. Furthermore, the healthcare segment is expected to grow at the highest CAGR during the forecast period, owing to rise in demand for advanced security mechanisms to control access of health related data stored in public cloud and to prevent fake billing, duplicates claims, and others.
In 2017, North America dominated the global keystroke dynamics market, and is expected to maintain this trend during the forecast period. However, Asia-Pacific is expected to witness the highest growth in the near future, owing to significant increase in digital security expenditure among different end user industries, such as BFSI, government & defense sector. Moreover, developments in the smartphones market in the emerging economies in the region are expected to create significant opportunities for the market growth.
Key Findingsn of the Keystroke dynamics Market:
Based on organization size, the large enterprises segment is expected to dominate the global keystroke dynamics during the forecast period.
Based on application, the continuous authentication segment generated the highest revenue in 2017.
Based on region, North America accounted for the highest revenue among the other regions, in 2017.
Based on region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.
Some of the key market players profiled in the report include KeyTrak, Inc., TypingDNA, ID Control, BehavioSec Inc., Delfigo Security, Intensity Analytics, Authenware Corporation, DeepNet Security, SERBAN Biometrics, and Daon, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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