According to the report, 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.
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.
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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.
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.
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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.
Static authentication segment to portray fastest growth through 2025
The static authentication segment is projected to manifest the fastest CAGR of 25.6% during the forecast period, owing to the increase in applications of static authentication during sign-in process for authenticating legitimate users. However, continuous authentication segment held the largest share in 2017, contributing about two-thirds of the total market share, owing to the surge in end-user industry applications such as risk and compliance management and fraud detection & prevention.
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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.
Key Findings of the Study –
- 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.
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