A new report from Allied Market Research suggests that the keystrokes dynamic market is set to explode in the next few years. According to AMR, 2017’s $129.8 million keystroke market figure will climb to $754.9 million by 2025 as more companies look for behavioral biometric solutions to increase security and combat the rising number of fraudulent transactions.
The new report comes in the wake of a similar AMR report that forecasted a $3.9 billion market for behavioral biometrics as a whole. Keystroke dynamics represents a fast-growing subset of that market, with programs like TypingDNA that are appealing because they offer unobtrusive, easy-to-implement software solutions to large and small companies alike. Though large enterprises were responsible for the bulk (four-fifths) of revenue in 2017, small and medium enterprises are expected to see the most growth, with a CAGR of 30.7 percent through 2025.
Keystroke tools are effective because they provide continuous authentication and can be incorporated alongside other forms of biometric identification in a broader anti-fraud suite like BioCatch. Most (three-fourths) of the keystroke market is currently dedicated to software, although AMR expects the service segment to display more growth due to the demand for updates and maintenance on existing keystroke services.
February 8, 2019 – by Eric Weiss