AMR Forecasts a Booming Keystroke Dynamics Market

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.

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February 8, 2019 – by Eric Weiss