Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global Passive Authentication Market Research Report 2022-2027 Author: Elena Anderson Marketing Manager IMARC Group© 2022 IMARC All Rights Reserved
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Passive authentication refers to the process of verifying an individual’s identity using their behavioral patterns. Some of the commonly used passive authentication methods include contextual, biometric and correlative. Along with this, it also includes multi-factor authentication that aids in providing enhanced control and security while assisting the organization in eliminating the need for passwordbased security models.
Passive Authentication Market Outlook 2022-2027:
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According to the latest report by IMARC Group, titled "Passive Authentication Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global passive authentication market reached a value of US$ 1.12 Billion in 2021.
It is usually adopted across the retail, telecom and e-commerce sectors in order to analyze authentication data in real-time precisely while offering an improved experience to the user.
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Additionally,globe. the penetration of high-speed internet connectivity and rapid digitization across multiple businesses are creating a positive market outlook. Other factors, including intensive business competition, continuous innovations in authentication solutions, continual improvements in the information technology (IT) infrastructure, and extensive research and development activities (R&D) conducted by key players, are also positively influencing the demand for passive authentication.
On account of the aforementioned factors, the market is anticipated to reach a value of US$ 4.12 Billion by 2027, exhibiting a CAGR of 24.1% during 2022-2027.
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The global market is primarily driven by the increasing demand for passive authentication from the banking, financial services and insurance (BFSI) sector. This can be accredited to the rising incidences of money laundering and cybercrime across the globe. Moreover, continual technological advancements, such as the widespread integration of artificial intelligence (AI) and the Internet of Things (IoT) with passive authentication systems, and the shifting preference for virtual transactions due to an enhanced convenience offered by online platforms are further providing a boost to the market growth across the
Global Passive Authentication Market Trends:
The report includes
the following segments: Breakup by Component: • Solution • Services Breakup by Deployment Mode: • On-premises • Cloud-based Breakup by Organization Size: • Small and Medium-sized Enterprises • Large Enterprises
Key Market Segmentation
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• BFSI • Government • IT and Telecom • Retail and Consumer Goods • Healthcare • Media and Entertainment • Others
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• Compliance Management • Marketing Management • Risk Management • Others
Breakup by Function:
Breakup by End Use Industry:
by Region: • North America • Asia Pacific • Europe • Latin America • Middle East and Africa Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. click here: https://www.imarcgroup.com/request?type=report&id=4760&flag=E
Breakup
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Competitive Landscape: Aware Inc.
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• Equifax Inc. Experian plc
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• BioCatch Ltd. Cisco Systems Inc.
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• Fair Isaac Corporation International Business Machines Corporation, NEC Corporation Nuance Communications Inc. (Microsoft Corporation) RSA Security LLC Thales Group Verint Systems Inc.
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Report Description Key Questions Answered in the Report
1. How has the global passive authentication market performed so far and how will it perform in the coming years?
5. What is the breakup of the market based on the deployment mode?
11. What is the structure of the global passive authentication market and who are the key players?
8. What is the breakup of the market based on the end use industry?
6. What is the breakup of the market based on the organization size?
9. What are the various stages in the value chain of the industry?
2. What has been the impact of COVID-19 on the global passive authentication market?
7. What is the breakup of the market based on the function?
3. What are the key regional markets?
10. What are the key driving factors and challenges in the industry?
12. What is the degree of competition in the industry?
4. What is the breakup of the market based on the component?
Report Description Table of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends
Report Description Table of Contents 5 Global Passive Authentication Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Component 6.16.1.1SolutionMarket Trends 6.1.2 Market Forecast 6.26.2.1ServicesMarket Trends 6.2.2 Market Forecast Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/passive-authentication-market/toc
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