Passive Authentication Market 2021 Competitive Insights and Outlook- IBM Corporation, Cisco Systems, Inc., Thales Group (Gemalto N.V.), NEC Corporation, OneSpan, Inc., Verint Systems

The report presents an in-depth assessment of the Passive Authentication Market including enabling technologies, key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Passive Authentication investments from 2021 till 2025.

The Passive Authentication Market is expected to register a CAGR of 23.65% in the forecast period from 2020 to 2025.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Passive Authentication Market: IBM Corporation, Cisco Systems, Inc., Thales Group (Gemalto N.V.), NEC Corporation, OneSpan, Inc., Verint Systems, Inc., Aware, Inc., Pindrop Security, Inc., Equifax, Inc., Nuance Communications, Inc., BioCatch Ltd, ID R&D Inc., Fortress Identity

Recent Developments:

- June 2020 - ID R&D, announced that RelyComply had selected its ISO/IEC 30107-3 compliant passive facial liveness product, IDLive Face, to integrate with their AI-powered Know Your Customer (KYC) offering. IDLive Face detects spoofing attacks when verifying a new client's identity without adding any extra effort to the onboarding experience.
- May 2020 - NEC Corporation has launched NeoFace Thermal Express to provide touchless screening. The latest offering combines personal protective equipment, and elevated body temperature (EBT) detection, which includes face masks, and NeoFace biometrics on a scalable and modular platform with video and thermal analytics.

Market Overview:

Voice biometrics replace traditional and outdated security methods such as PINs, passwords, and answers to security questions, offering a more secure and friction-free way to verify identity in telephone calls and digital transactions. Passive verification involves listening to the speakers voice while talking with an agent or a voice bot. This process usually requires a more extended period of speech to achieve a high-security verification score. Passive verification means a caller doesnt need to remember their account number or phone number, which is beneficial for some customers. However, some customers may have some security concerns if they think the call center agent hasnt asked for any proof of identity and completes their transaction without considering the security of the account holder. Passive Authentication even provides seamless Authentication to a user for network resources and internet access without entering user credentials multiple times.

Regional Analysis:

For comprehensive understanding of market dynamics, the global Passive Authentication Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Key Market Trends
BFSI is Expected Hold Significant Share
- Passive authentication methods are capable of identifying a person without their active participation. The banking sector could utilize this feature when a customer calls a bank instead of asking for account numbers or passwords, the agent merely interacts. In the background, the system listens to the customer and compares the voice to the voiceprint on file. Also, a mobile banking application can quietly track user behavior like typing cadence, swiping patterns, and even geographic location to provide continuous authentication if the users session has been hijacked. For financial services companies that require a more discrete enrollment process, passive voice biometric technologies are also readily available to enroll customers using archives of previous calls automatically. Then, customers are quietly authenticated during the initial seconds of every call, without being prompted for a passphrase.
- Increasing the data breaches in the banks is also increasing the need for robust authentication technologies with passive authentication being one of them. Most modern smartphones are also equipped with a wealth of sophisticated technology like accelerometers, gyroscopes, touch screens, and GPS. In behavioral authentication, a user is authenticated by the unique way they interact with the phone, such as how they type or swipe, or the angle at which they hold the device. Its not just limited to smartphones and tablets, either. Top behavioral solutions can extract and analyze over 500 unique parameters from mouse and trackpad patterns to typing cadence and browser events. They track how users interact with Web and mobile applications identifying fraudulent behavior and providing a risk score for banking and financial companies for each transaction.

The report has 150 tables and figures browse the report description and TOC:

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Passive Authentication Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Passive Authentication Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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