Press release
Passive Authentication Market size is expected to reach US$ 6.83 Bn. by 2029, at a CAGR of 22.14% during the forecast period.
Passive Authentication Market
The report covers an in-depth exploration of Passive Authentication, a process used to verify the authenticity of data stored on RF chips within electronic ID documents. It highlights the authentication process, which involves user sign-ins via web forms provided by identity providers. Additionally, the report investigates the growth drivers, restraints, and opportunities in the Passive Authentication Market.
To compile this comprehensive report, a robust research methodology was employed, ensuring accuracy and reliability. Readers interested in understanding the methodology can request a free sample report.
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What are Passive Authentication Market Dynamics?
Enterprises' escalating demand for an enhanced user experience and the increasing need for frictionless authentication are driving the adoption of Passive Authentication solutions across regions. These technologies cater to various industries, aiding establishments in secure authentication while ensuring optimal customer experiences.
Security concerns related to data confidentiality and sluggish growth in developing or underdeveloped countries are key challenges hindering the growth of the Passive Authentication Market.
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What is Passive Authentication Market Regional Insight?
The Passive Authentication Market is categorized by geographical regions, including North America, Europe, Asia Pacific, Middle East, and Latin America. North America leads the market share due to its early adoption of cutting-edge technologies like biometrics, behavioral analytics, and mobile technology. These factors contribute to the region's dominance in the Passive Authentication Market.
The retail industry is projected to experience the highest growth rate during the forecast period. Passive authentication solutions facilitate secure customer authentication, safeguarding their financial data by analyzing unique human behavioral factors. This approach not only ensures security but also enhances overall customer experiences.
The market segmentation includes components, deployment types, organization sizes, industries, and regions. Cloud-based solutions are anticipated to exhibit substantial growth due to their cost-efficiency, scalability, and high computing speed advantages. Notable players in the Passive Authentication Market include Nuance Communications (US), LexisNexis (US), NEC (Japan), Gemalto (Netherlands), IBM (US), Jumio (US), IDology (US), and NuData Security (Canada).
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What is Passive Authentication Market Segmentation?
by Component
• Solution
• Services
• Professional
• Managed
by Business Function
• Finance
• Marketing
• Others
by Organization Size
• Large Enterprise
• SMEs
by Industry
• Banking, Financial Services, and Insurance (BFSI)
• Retail
• Media and Entertainment
• Healthcare
• Government
• Telecom and IT
• Others
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Who are Passive Authentication Market Key Players?
• NEC
• Nuance Communications
• NuData Security
• IDology
• Jumio
• IBM
• BehavioSec
• Aware
• Cisco
• Early Warning
• BioCatch
• LexisNexis
• Pindrop
• RSA Security
• Equifax
• Experian
• FacePhi
• FICO
• Gemalto
• SecuredTouch
• VASCO
• Veridium
• Verint
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Table of content for the Passive Authentication Market includes:
1. Global Passive Authentication Market: Research Methodology
1. Global Passive Authentication Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Passive Authentication Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Passive Authentication Market Segmentation
• Global Market, by Component (2022-2029)
• Global Market, by Business Function (2022-2029)
• Global Market, by Organization Size (2022-2029)
• Global Market, by Industry (2022-2029)
5. Regional Passive Authentication Market(2021-2029)
• Regional Market, by Component (2022-2029)
• Regional Market, by Business Function (2022-2029)
• Regional Market, by Organization Size (2022-2029)
• Regional Market, by Industry (2022-2029)
• Regional Market, by Country (2022-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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