Press release
Passive Authentication Market Covid-19 Analysis: By Product Type, Industry Challenges, Development & Innovation, Verticals
Market SynopsisMarket Research Future (MRFR) explains the global passive authentication market 2020 dynamics in COVID 19. Other controlling forces of the passive authentication market is discussed in the report. As per MRFR study, the passive authentication market is likely to thrive at 22.6% CAGR in the forecast period. The passive authentication market value can touch USD 1351.3 Mn by 2023.
The growing case of forging important documents is creating the need for passive authentication across enterprises. This is expected in prompt the expansion of passive authentication market in the review period. The surge in the demand for seamless authentication process across different sectors is expected to bolster the passive authentication market in the years to come. The increased demand from enterprises for enhanced user experience has resulted in the shifting focus of developers towards effective innovation. The hefty investment made by top notch players in the passive authentication industry is likely to earn long-term benefit. However, the increase in concerns for privacy is encouraging the adoption of biometrics that can restrain the expansion of the passive authentication market growth. The application of Artificial Intelligence (AI) for fraud detection in passive authentication solutions can create considerable opportunities for the market to rise. In addition, the use of Internet of Things (IoT) across different industries is also observed to create lucrative scope for the rise of the passive authentication market.
Get Free Sample Copy Report @ https://www.marketresearchfuture.com/sample_request/7534
Market Segmentation
The segment analysis of the passive authentication market is done by component, organization size, deployment mode, and vertical.
The component based segments of the global passive authentication market are solution and services.
The deployment mode based segments of the passive authentication market are cloud and on-premises.
The organization size based segments of the global passive authentication market are large enterprises and small and medium-sized enterprises (SMEs).
The vertical based segments of the global passive authentication market are healthcare, banking, retail and consumer goods, financial services and insurance (BFSI), government, telecommunication and IT, and media and entertainment among others.
Regional analysis
Trends of the global market for passive authentication is studied across APAC, EU, Latin America, MEA, and North America. As per MRFR regional study, the passive authentication market in North America is likely to thrive in the forecast period. The increased demand for technical advancements in authentication solutions across industries, such as Telecom and IT, and BFSI can bolster the expansion of the passive authentication market in the years to come. In addition, the increased adoption of behavioral analytics and robust mobile technology in different sectors can favor North America passive authentication market in the near future. In Europe, the expansion of the regional passive authentication market can be attributed to rise in the demand for advanced authentication solutions in multiple enterprises across Europe. The increase in US-based passive authentication software developers in Europe can favor the regional market to earn high revenue in the years to come.
Other major factors that can prompt the passive authentication market in the region is the expansion of the IT sector. In Asia Pacific, the passive authentication market is expected to surge due to its unceasing demand in BFSI, manufacturing, IT and telecom, and retail sectors.
Access Complete Report @ https://www.marketresearchfuture.com/reports/passive-authentication-market-7534
Key Players
NEC Corporation (Japan), Fair Isaac Corporation (US), Cisco Systems, Inc. (US), IBM Corporation (US), Gemalto (Netherlands), Experian PLC (Ireland), Dell Technologies (US), Equifax Inc. (US), Nuance Communications, Inc. (US), Verint Systems (US), Veridium Ltd (US), Aware, Inc. (US), OneSpan Inc. (US), Mastercard Technologies (Canada), and Jumio (US) are some reputed players in the passive authentication market that are listed by MRFR.
Office No. 528, Amanora Chambers Pune - 411028
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
528, Amanora Chambers, Magarpatta Road, Hadapsar
Pune – 411028, Maharashtra, India
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Passive Authentication Market Covid-19 Analysis: By Product Type, Industry Challenges, Development & Innovation, Verticals here
News-ID: 2218720 • Views: …
More Releases from Market Research Future
Glue Machine Market to Reach USD 14.9 Billion by 2035, Growing at 4.56% CAGR
The Glue Machine Market is witnessing significant growth due to the increasing adoption of adhesive technologies across various industries, including packaging, woodworking, automotive, furniture, and construction. Valued at USD 9.15 billion in 2024, the market is projected to reach USD 14.9 billion by 2035, registering a CAGR of 4.56% between 2025 and 2035.
Glue machines, also known as adhesive application machines, are critical for efficiently dispensing adhesives in industrial and commercial…
Expansion Valves Market to Reach USD 5.39 Billion by 2035, Growing at 4.62% CAGR
The expansion valves market is witnessing steady growth due to increasing demand for efficient heating, ventilation, air conditioning, and refrigeration (HVACR) systems across residential, commercial, and industrial sectors. Valued at USD 3.28 billion in 2024, the market is projected to reach USD 5.39 billion by 2035, growing at a CAGR of 4.62% between 2025 and 2035.
Expansion valves, also known as thermostatic expansion valves (TXVs) or electronic expansion valves (EEVs), are…
Cheese Packaging Market to Reach USD 101.31 Billion by 2034, Growing at 3.50% CA …
The Cheese Packaging Market is poised for steady growth over the next decade due to rising demand for dairy products, evolving consumer preferences, and increasing focus on food safety and sustainability. According to recent estimates, the market was valued at USD 71.87 billion in 2024 and is projected to reach USD 101.31 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.50% between 2025 and 2034.
Cheese packaging…
Maritime Market to Reach USD 2,920 Billion by 2035, Growing at 2.69% CAGR
The Maritime Market is a cornerstone of international trade, logistics, and economic connectivity, serving as the backbone of global commerce. Valued at USD 2,181.1 billion in 2024, the market is projected to expand to USD 2,920 billion by 2035, registering a steady CAGR of 2.69% between 2025 and 2035. Despite modest growth, the industry's scale and importance are unmatched, as more than 80% of global trade volume is carried by…
More Releases for MRFR
Keeping Cool: The Booming Data Center Cooling Market | MRFR Reports
In today's digital world, data centers are the unsung heroes. These massive warehouses store and process the ever-growing mountain of information we create, from social media posts to complex scientific simulations. But all this computing power comes at a cost: heat. Just like any machine, data centers can overheat if not properly cooled, leading to malfunctions and even equipment failure. This is where the data center cooling market comes in.
Request…
Mobile Gaming Market: A Comprehensive Overview | MRFR Reports
Mobile gaming has become a ubiquitous part of modern entertainment, with millions of users around the world engaging in games on their smartphones and tablets. This booming industry has seen exponential growth in recent years, driven by advancements in mobile technology, widespread internet access, and the popularity of casual and immersive gaming experiences. In this article, we'll explore the market size of mobile gaming, key trends shaping its growth, challenges…
Solar Rooftop Market: A Comprehensive Analysis | MRFR Research
The solar rooftop market is proliferating on the global platform. The continually growing energy demand and wide adoption of solar rooftops in residential, commercial, infrastructural, and industrial sectors worldwide impact the market growth positively.
Besides, the development of solar parks, funding support for domestic cells & modules, and schemes for grid-connected solar rooftop manufacturing influence the market growth. Rise in solar panel installations and growing government initiatives for infrastructure…
Understanding the Contract Management Market: A Comprehensive Analysis | MRFR Re …
In the realm of business and commerce, managing contracts effectively is a crucial aspect that directly impacts organizational success and compliance. Contract management refers to the process of creating, negotiating, executing, and monitoring contracts between parties, such as businesses, suppliers, vendors, and clients. In this article, we will delve into the market size of contract management solutions, key trends driving their growth, challenges faced by businesses, and future prospects.
What is…
Exploring the Mobile Cobots Market: A Comprehensive Analysis | MRFR Reports
In the world of robotics and automation, mobile cobots have emerged as a revolutionary solution, combining the flexibility of mobility with the collaborative nature of robots. These mobile cobots, short for collaborative robots, are designed to work alongside humans in various industries, offering enhanced productivity, safety, and efficiency. In this article, we will delve into the market size of mobile cobots, key trends shaping their growth, challenges faced by the…
Understanding Enterprise Risk Management (ERM) Market Size | MRFR Reports
In today's rapidly changing business landscape, companies face a multitude of risks that can impact their operations, finances, and reputation. These risks can stem from various sources such as economic downturns, cybersecurity threats, regulatory changes, and natural disasters. To navigate these challenges effectively, organizations implement Enterprise Risk Management (ERM) strategies and solutions. The ERM market plays a crucial role in providing tools and frameworks for businesses to identify, assess, and…
