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Global Behavioral Biometrics Market Envisaged to Reach USD 9,345.99 Million by 2032, at CAGR of 25.10%: Polaris Market Research

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New York, NY, Aug. 03, 2023 (GLOBE NEWSWIRE) — Polaris Market Research has published a new research report titled “Behavioral Biometrics Market Share, Size, Trends, Industry Analysis Report, By Solution (Software, Services); By Application; By Enterprise Size; By Industry; By Region; Segment Forecast, 2023 – 2032” in its research database.

“As per the latest research analysis, the global behavioral biometrics market size/share will be valued at roughly USD 1,101.33 Million in 2022, and its revenue is projected to reach about USD 9,345.99 Million by 2032. The market is forecasted to expand at a compound annual growth rate of approximately 25.10% between 2023 and 2032.”

What is Behavioral Biometrics? How Big Is Behavioral Biometrics Market Size & Share?

Analyzing a user’s physical, digital, and cognitive behavior using behavioral biometrics allows fraud and identity theft to be detected, as well as online criminal conduct. Digital platforms are used differently by actual customers and scammers. Criminals are more likely to copy and paste their way through a form than to enter information one key at a time like you would. However, the essential point is that we may use behavioral data to gain insights regarding fraudulent activities.

Incorporating technologies such as big data, the Internet of Things (IoT), Artificial Intelligence (AI), and others will probably lead to the development of behavioral biometrics services with improved performance. Additionally, the behavioral biometrics market demand is increasing worldwide due to advantages like ease of use, flexibility, security, and efficiency that facilitate integration with cloud solutions.

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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)

Our Sample Report Covers:

  • 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
  • 110+ Pages Research Report (Inclusion of Updated Research).
  • Provide Chapter-wise guidance on Requests.
  • 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of tables & figures.
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.

Some of the Top Market Leaders Are:

  • BioCatch
  • BehavioSec
  • Bio-Metrica
  • Featurespace
  • HYPR Secured2
  • NuData Security
  • Plurilock Security Solutions
  • SecuredTouch
  • TypingDNA
  • UnifyID

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Prominent Growth Driving Factors

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  • Rise of phishing attacks: The increase in phishing attacks against financial institutions has expanded the behavioral biometrics market size. Phishing site detection with phishing victim reports is a new solution that BioCatch, a pioneer of behavioral biometrics and a global leader in fraud detection, has introduced in response to this trend. The demand for effective fraud prevention measures has grown as phishing rates approach previously unheard-of heights, with the financial services sector as the main target.
  • Increased recognition of behavioral biometrics: Financial institutions are becoming increasingly aware of the benefits of including behavioral biometric information in their fraud prevention plans. Implementing such technology boosts security measures and inspires consumer confidence, which propels the expansion of the global market.

Top Findings of the Report

  • The market’s main development factors are global increases in fraudulent activity, online transactions, and the financial sector’s growing requirement for multi-layered security.
  • The behavioral biometrics market segmentation is primarily based on the application, solution, enterprise size, region, and industry.
  • Asia Pacific witnesses the highest growth rate during the forecast period.

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Top Trends Influencing the Market

  • The innovative approach to identifying risks: Behavioral biometrics is an innovative method for locating and reducing fraud threats, which analyzes and keeps track of user behavior patterns. Financial fraud executives know the benefits of using behavioral biometrics technology to strengthen security precautions and provide customers with trust when making secure online transactions, expanding the behavioral biometrics market growth.
  • Phishing attacks frequency: Phishing attacks were most prevalent in the financial sector in the first quarter of 2022, accounting for 23.6% of all reported instances. Consumer losses of USD 43 billion in 2021 due to fraud schemes using robocalls and phishing demonstrate the significant impact of these attacks. Addressing these risks is more urgent now that the average victim loses $1,100.

Segmental Analysis

  • Software Sector Experiences Faster Growth

The behavioral biometrics market share is anticipated to grow more quickly in the software category. The behavioral biometrics software solutions include advanced algorithms and analytics capabilities. Large volumes of behavioral data may be effectively processed, captured, and analyzed by these software solutions, enabling precise identification and authentication of people.

Moreover, the acceptance and expansion of behavioral biometrics systems have been facilitated by the creation and advancement of sophisticated software algorithms, which have considerably improved accuracy, dependability, and performance.

  • Fraud Prevention Sector Accounts for the Largest Share

Fraud has emerged as a widespread and expensive problem for organizations in various industries. Robust fraud prevention solutions are in high demand due to the growing sophistication of fraudulent activities such as identity theft, account takeovers, and financial fraud. Organizations seeking to secure their operations and protect their consumers greatly value the proactive and dynamic approach that behavioral biometrics provides to detecting and combating fraud.

  • Banking, Financial Services, and Insurance Sectors Expected Higher Growth

The behavioral biometrics market is anticipated to grow more quickly in the BFSI category in the upcoming years. This sector is particularly vulnerable to security risks, including fraud and identity theft. It has become clearer that conventional authentication techniques like passwords and PINs need to be stronger.

Also, by identifying distinctive user activity patterns, behavioral biometrics adds an extra layer of security, making it more challenging for scammers to pose as legitimate users. Behavioral biometrics solutions are driven by the desire to reduce fraud and improve safety in the BFSI industry.

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Behavioral Biometrics Market: Report Scope

Report Attribute Details
Revenue Forecast in 2032 USD 9,345.99 Million
Market size value in 2023 USD 1,245.39 Million
Expected CAGR Growth 25.10% from 2023 – 2032
Base Year 2022
Forecast Year 2023 – 2032
Top Market Players BioCatch, BehavioSec, Plurilock Security Solutions, NuData Security, Bio-Metrica, SecuredTouch, Featurespace, TypingDNA, UnifyID, HYPR & Secured2
Segments Covered By Solution, By Application, By Enterprise Size, By Industry, By Region
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options

Geographical Overview

Asia Pacific: The behavioral biometrics market in Asia Pacific is anticipated to grow more quickly. The 2023 Asia-Pacific (APAC) Digital Banking Fraud Trends Report, published by BioCatch, reveals the alarming increase in scams and their substantial influence on the landscape of financial cybercrime in the area. The market for behavioral biometrics is expanding in Asia Pacific due to this new trend.

Europe: A greater revenue share for the market is predicted for Europe. BioCatch’s
EMEA Digital Banking Fraud Trends research shows that scams play a large role in the European banking fraud scene. This is one of the main factors propelling the market for behavioral biometrics in Europe. In 2022, more than 50% of fraud cases in digital retail banking were recorded, indicating the necessity for effective fraud protection measures.

Browse the Detail Report “Behavioral Biometrics Market Share, Size, Trends, Industry Analysis Report, By Solution (Software, Services); By Application; By Enterprise Size; By Industry; By Region; Segment Forecast, 2023 – 2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/behavioral-biometrics-market             

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Recent Developments

  • In June 2023, the well-known fraud detection company BioCatch said it had recently increased its global footprint in the behavioral biometric intelligence solutions market. The company’s solutions are now accessible through Microsoft’s Cloud for Financial Services (FSI Cloud), which was made possible by a partnership with Microsoft.
  • To improve its powers in anti-fraud detection and identity authentication by adopting passive behavioral biometrics technology, LexisNexis Risk Solutions purchased BehavioSec in May 2022.

The Report Answers Questions Such As:

  • At what rate did the market for behavioral biometrics increase during the forecast period?
  • What are the growth driving factors of the behavioral biometrics market?
  • Which is the fastest-growing region in the behavioral biometrics industry?
  • Who are the behavioral biometrics market key players competing in the market?
  • Which segment accounts for the largest market share?
  • What are the upcoming trends in the industry of behavioral biometrics?

Polaris Market Research has segmented the behavioral biometrics market report based on solution, application, enterprise size, industry, and region:

By Solution Outlook

  • Software
  • Services

By Application Outlook

  • Identity Verification & Validation
  • Fraud Prevention
  • Multi-factor Authentication
  • Others

By Enterprise Size Outlook

  • Small and Medium-sized Enterprises
  • Large Enterprises

By Industry Outlook

  • Banking, Financial Services, and Insurance
  • Retail and E-commerce
  • Healthcare
  • IT & Telecom
  • Government and Defense
  • Others

By Region Outlook

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

Browse More Research Reports:

About Polaris Market Research:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

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Artificial Intelligence

Huawei Cloud: One Step to Intelligence, One Leap to Excellence

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SHANGHAI, Sept. 20, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, Huawei Cloud hosted a Summit themed “One Step to Intelligence, One Leap to Excellence”, gathering global industry leaders to explore the intelligent transformation trend, share pioneering cases, and assist customers in their journey to cloud-based operational excellence. At the summit, Huawei Cloud and global customers, unveiled the Data Center-to-Cloud solution and the PRIME Framework white paper.

Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, said: “Customers’ support enables us to innovate with finance, retail, autonomous driving, the Internet and many other sectors. By combining cutting-edge technologies with industry know-how, Huawei Cloud paves your way to digital and intelligence.”
Kevin Gao, President of Huawei Cloud Public Cloud Business, presented a keynote speech “One Step to Intelligence, One Leap to Excellence”. He outlined three critical factors for accelerating cloud migration and AI use: global infrastructure, continuous technological innovation, and lean operations.
In terms of global infrastructure, Huawei Cloud’s global infrastructure, KooVerse, offers extensive coverage, exceptional experience, and excellent quality. With 33 Regions and 93 Availability Zones (AZs) worldwide, Huawei Cloud supports over 10,000 customers in achieving business globalization. Huawei Cloud has interconnected with over 2,400 peers of global carriers, ensuring one hop to cloud and global business deployment for customers. Huawei Cloud data centers achieve Tier IV reliability.
Technological innovation is at the heart of Huawei Cloud’s mission to accelerate enterprise transformation. At this summit, three key areas were highlighted: compute upgrade, data-AI convergence, and application innovation.
The Data Center-to-Cloud solution released by Gao offers data center facilities, intelligent O&M, and DCN as a service, allowing customers to easily relocate and run dedicated compute resources on Huawei Cloud.
Huawei Cloud’s Ascend AI Cloud Service enables training jobs to run non-stop up to 40 days, shortens the fault recovery time to 10 minutes, and increases the linear scalability to 90% (the industry average are 2.8 days, 60 minutes, and 80%, respectively).
Huawei Cloud’s deterministic operations system has been adopted by over 300 global customers, maintaining a strong security record with zero intrusions and zero data breaches. 
DeFacto from Türkiye leverages Huawei Cloud’s cloud native solution with Cloud Container Engine (CCE) and streamlines their services.
Huawei Cloud helps Chery to deploy, use, and manage the cloud. Currently, Huawei Cloud nodes in more than 10 countries and regions are providing services for Chery.
NavInfo has adopted Huawei Cloud’s R&D expertise and CodeArts software development pipeline to establish efficient development management standards and efficiency measurement systems.
Kingsoft and Huawei Cloud have collaboratively developed an excellence framework to optimize cost management.
Tencent Music’s Tianqin Lab has developed the MUSELight AI model acceleration framework, utilizing Huawei Cloud’s Ascend AI Cloud Service.
At the end of the summit, Huawei Cloud and global customers jointly released the Enterprise Excellence PRIME Model White Paper. This white paper offers a reference framework for enterprises to leap to excellence with digital and intelligent technologies.
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Artificial Intelligence

Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM with around 500K AMRs shipment by 2030 – LogisticsIQ

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NEW DELHI, Sept. 20, 2024 /PRNewswire/ — The global Autonomous Mobile Robots (AMRs) market is poised for significant growth, driven by increasing demand for automation across various sectors, including logistics, manufacturing, and healthcare. According to the latest market research by LogisticsIQ (5th Edition), Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM by 2030 with a CAGR of ~30% between 2024 and 2030. We expect the installed base of AMRs to reach 2 million units in 2030.

Download a Free Sample of our report on Autonomous Mobile Robots Market
Key Market Drivers
Increased Efficiency: Businesses are rapidly adopting AMRs to enhance operational efficiency, reduce labour costs, and streamline workflows.Labor Shortages: The ongoing labour shortages in various industries have accelerated the need for automated solutions, making AMRs a crucial investment for companies.Technological Advancements: Innovations in artificial intelligence (AI), machine learning, and sensor technology are making AMRs more capable and reliable.Growing E-Commerce: The rise of e-commerce has created a demand for efficient warehouse management solutions, further boosting the AMR market.Regional Insights
North America leads the AMR market, accounting for the largest share due to the early adoption of automation technologies. Meanwhile, the Asia-Pacific region, especially China is expected to witness the fastest growth, fuelled by rapid industrialization and increasing investments in smart factories. US and China are going to contribute ~40% of this market by 2030.
Industry Applications
Autonomous mobile robots are being utilized in various applications, including:
Warehouse Automation: AMRs enhance inventory management and order fulfillment processes. This industry is expected to lead with more than 75% share by 2030.Manufacturing: Robots facilitate material handling and assembly line operations. Traditionally, it has been dominated by AGVs but are getting replaced by AMRs due to more flexibility and scalability features.Healthcare: AMRs assist in transporting medical supplies, improving patient care and operational efficiency. It is a niche market but high growing area to focus further.Purchase the full report on the Autonomous Mobile Robots Market – Growth, Trends, and Forecast
Top Factors & Challenges in the Autonomous Mobile Robots Market
Top Factors Driving Growth
Increased Demand for Automation: Businesses across industries are increasingly seeking automation to enhance efficiency and reduce operational costs.Technological Advancements: Innovations in AI, machine learning, and sensor technologies improve the capabilities and reliability of AMRs, making them more attractive to businesses.Labor Shortages: Ongoing labour shortages, especially in sectors like logistics and manufacturing, are pushing companies to adopt AMRs to maintain productivity.Growth of E-Commerce: The surge in online shopping requires efficient warehouse and logistics solutions, driving the adoption of AMRs for inventory management and order fulfillment.Improved Safety Standards: AMRs can reduce workplace accidents by taking over hazardous tasks, leading to safer working environments.Customization and Scalability: Many AMR solutions offer customizable features that allow businesses to scale operations according to their specific needs.Top Challenges
High Initial Costs: The upfront investment for AMRs can be substantial, which may deter smaller businesses from adoption.Integration with Existing Systems: Integrating AMRs into current operational workflows and legacy systems can be complex and resource-intensive.Regulatory Compliance: Navigating regulatory requirements and safety standards can pose challenges, especially in highly regulated industries.Limited Awareness and Understanding: Some businesses may lack knowledge about AMR technology and its potential benefits, hindering adoption.Technical Limitations: While technology is advancing, AMRs may still struggle with navigating complex environments or handling unexpected obstacles.Cybersecurity Concerns: As AMRs become more connected, they may be vulnerable to cybersecurity threats, requiring robust security measures.Know more about Autonomous Mobile Robots Market – Top Players, Cost Analysis, Competition, and Customer Expectation
What will you get in this report?
500 Pages and 160+ Exhibits Market ReportRevenue and Shipment data segmented:By form factor (Deck-load, Tugger/Pull, Forklift)By Navigation (Tape/Wire/Magnet, Reflector, QR Codes, LiDAR, Camera, Sensor, Fusion)By Function (Goods to person (G2P), Person to Goods (P2G), Conveying, Piece picking, Towing, Pallet Handling)By Application (Manufacturing, Logistics and Warehousing, Shipping, Delivery, Cleaning, Security, Hospital, Retail)Detailed excel file with 150+ market tables (Revenue and Shipment) including forecast till 2030A bottom-up analysis of Autonomous Mobile Robots Market for 19 countries (United States, Canada, Germany, UK, France, Italy, Spain, Nordics, China, Japan, South Korea, Australia, India, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Phillippines) in 5 regionsIn-depth analysis of 700 companies in the ecosystem with more than 160 company profiles.Focus Group Discussion with 100+ key industry stakeholders across the value chain to collect the first-hand information to validate our analysis. Stakeholders include components and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals. Apart this, study also focuses on different components and integral parts of Autonomous Mobile Robots like Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication.2 Analyst Sessions to brainstorm furtherInvestment details excel file with 175+ M&A and ~1000 funding dealsLogisticsIQ™ Exclusive Market Map (700+ Players across more than 15 categories)About LogisticsIQ
LogisticsIQ is a dedicated market research and advisory firm in Logistics & Supply Chain sector, empowering decision makers from top fortune 1000 companies, financial and research institutions, private equity and high potential start-ups with market insights to make better decisions. We enable this by analysing the right mix of the best data, the best research methodologies, and the best industry panel to deliver value to our clients.
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Name: Sunny M.Email: [email protected]: +91-952-918-4938 
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Huawei Cloud: Thrive with the Cloud and Reshape Industries with AI

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SHANGHAI, Sept. 20, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, Executive Director of the Board of Huawei and CEO of Huawei Cloud Zhang Ping’an delivered a keynote speech “Thrive with the Cloud: Reshaping Industries with AI”. Zhang states that enterprises must seize opportunities in the intelligent era and use AI to build competitive advantages. The key is to adopt an AI-native mindset now.

First, enterprises should actively embrace AI, open up industry scenarios, and develop enterprise AI platforms. This will enable AI to serve their core business. Today, Huawei Cloud Pangu Models have been applied in more than 30 industries and 400 scenarios.
Second, AI computing power is critical. Enterprises need to build AI-native cloud infrastructure that matches their requirements. Zhang officially released CloudMatrix to interconnect and pool all resources including CPUs, NPUs, DPUs and memory. It marks an evolution from monolithic to matrix compute. CloudMatrix comprises an AI-native cloud infrastructure in which everything can be pooled, peer-to-peer, and composed, providing enterprises with abundant AI computing power.
Third, data quality determines the effectiveness of AI models. We need to build knowledge-centric data foundations to enable data to serve AI better. Huawei Cloud has fully upgraded DataArts to provide customers with AI-oriented and knowledge-centric data foundations. The updated features include AI+data convergence engines, data development and governance, knowledge services, and AI+data application enablement services.
Fourth, build suitable AI models based on business applications. We must abandon the misconception that larger models are better. It is not feasible to address all needs with just one foundation model. Pangu Models 5.0 are available in different sizes, with parameters in the billions, tens of billions, hundreds of billions, and trillions. The complete series of Pangu models meet practically all business application needs.
In addition, Huawei Cloud’s Pangu 5.0 models enhance spatiotemporal controllable generation (STCG) in the field of multimodal generation. For autonomous driving,the Pangu model can generate driving scenarios that accurately mirror the physical world. It can generate videos that reflect normal driving scenarios, random road conditions and accidental and aggressive driving, allowing automotive enterprises to train autonomous driving more efficiently.
Huawei Cloud officially released the Mainframe-to-Cloud Solution, designed to help customers develop new core systems on the cloud with high availability, easy O&M, and better agility, helping customers achieve 99.999% financial-grade high availability. Currently, most banks in China have chosen Huawei to build their new core systems on the cloud.
Tao Jingwen, Huawei’s Director of the Board and President of the Quality, Business Process & IT Mgmt Dept, recounted Huawei’s digital transformation journey. Huawei has developed a methodology, which can be broken down into three layers, five phases, and eight steps. The three layers are redefining intelligent business, AI model development and delivery, and ongoing optimization of intelligent applications. The five phases are identifying suitable scenarios, reshaping processes, transforming organizations, optimizing corporate data, and adopting AI applications.
Bruno Zhang, CTO of Huawei Cloud, presented insights on how Huawei Cloud is leveraging AI to reshape data centers, infrastructure, and cloud services. He also addressed the construction of an AI-native cloud designed to accelerate intelligence in industries. The “1+N” Pangu assistant system, unveiled by Mr. Zhang, signifies a new era in cloud service interaction. The system includes Pangu Doer, and the myriad use cases in product R&D, data analytics, security, and office collaboration, where Pangu models are trained using the scenario-specific data, know-how, and practices to enhance cloud services and boost efficiency with tailored AI.
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