This research report titled ‘Global Keystroke Biometrics Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments, including enterprises, education, e-commerce, and others.
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“One of the trends in the global keystroke biometrics market is the increased demand for cloud-based biometric solutions. These solutions provide many significant advantages, which have increased their demand among enterprises. Enterprises find it difficult to manage stand-alone and integrated network components because of budget constraints and the lack of resources and expertise,” said Amrita Choudhury, one of Technavio’s lead analysts for automatic identification systems research.
“Therefore, enterprises opt for cloud-based biometric solutions that are cost-effective and compatible with regulations and offer round-the-clock monitoring of systems. As keystroke algorithms can be deployed on both cloud-based and hybrid infrastructure, their demand is growing in the market,” added Amrita.
Segmentation of global keystroke biometrics market by end-users 2015
Source: Technavio research
Global keystroke biometrics market in enterprise: largest segment
The global keystroke biometrics market in enterprises was valued at USD 137.7 million in 2015. The major application of keystroke recognition in enterprises is to provide identity and access control to network data. As large volumes of confidential data exist in enterprise networks, an unauthorized access can lead to a significant loss for organizations. With the introduction of the bring your own device policy in different organizations, the need for user authentication has increased. As the bring your own device policy allows employees to access critical data from remote locations, the need for security is high. Keystroke biometrics can be easily installed and integrated with any mobile devices, and it is leading to the high adoption of keystroke recognition in enterprises.
Global keystroke biometrics market in education sector: second largest segment
The global keystroke biometrics market in e-commerce was valued at USD 26.22 million in 2015. In the education sector, keystroke biometrics is being adopted by online education program providers to authenticate students through their computer systems. It is also being implemented for verifying the identity of students for online examinations where establishing the identity of students is a major issue. The education sector is a slow adopter of biometric solutions mainly because of the lack of customized solutions, but keystroke biometrics will find high acceptance in this sector when compared to other biometric technologies like fingerprint and facial recognition during the forecast period.
Global keystroke biometrics market in e-commerce
E-commerce is an upcoming end-user of keystroke biometrics. In e-commerce, keystroke biometrics is used to identify and authenticate customers. As e-commerce processes deal with online transactions, the need for advanced security to authenticate users is increasing. However, the adoption of multifactor authentication in e-commerce is affecting the demand for keystroke biometrics, which is leading to its declining year-over-year growth rate.
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