Passive Authentication Market – Global Industry Analysis
Passive Authentication Market is expected to propel US$ XX Mn by 2026 with a CAGR of XX% in the forecasting period 2019-2026.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region
Passive Authentication or PA is used for check the data present on the RF chip of any electronic ID document that is both authentic and unforged. The data is stored on the RF chip is normally digitally signed while production of any normal electronic ID document. In a passive authentication, the user normally signs in through a particular web form that is displayed by the identity provider and where the user is requested to log in.
The rise in demand among enterprises for delivering an enhanced user experience as well as an increasing need for the frictionless authentication among establishments is expected to drive the Passive Authentication Market of passive authentication across all regions. The passive authentication market faces various challenges like the security concerns connected to the data confidentiality and sluggish growth in the developing or underdeveloped countries acting as some major restraints for the Passive Authentication Market growth.
The retail industry is expected to witness the highest growth rate during the current forecast period. Passive authentication solutions help retailers to safely authenticate customers and protecting their financials by understanding unique human behavioral factors while improving the overall customer experiences.
The passive authentication market is segmented by component, deployment type, organization size, industry, and region. The cloud segment is expected to grow at a higher rate during the forecast period, because of the various benefits that are offered by cloud-based passive authentication solutions. It includes cost-efficiency, reduced expenditure scalability, and high computing speed on Information Technology (IT) infrastructure.
By geography, the passive authentication market can be segmented into North America, Europe, Asia Pacific, Middle East, and Latin America. North America is expected to be the largest market share holder for 2017. The region is an early adopter of updated technologies such as biometrics, behavioral analytics, and mobile technology, resulting in the growth of the passive authentication market in North America.
The key players of 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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Passive Authentication Market, By Component
Passive Authentication Market, By Business Function
Passive Authentication Market, By Organization Size
• Large Enterprise
Passive Authentication Market, By Industry
• Banking, Financial Services, and Insurance (BFSI)
• Media and Entertainment
• Telecom and IT
Passive Authentication Market, By Geography
• North America
• Middle East & Africa
• Latin America
Key Players operating in the Passive Authentication Market:
• Nuance Communications
• NuData Security
• Early Warning
• RSA Security
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the current Passive Authentication market outlook. The report encompasses the Passive Authentication Market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the Passive Authentication Market dynamics, and future opportunities that might exist in the Passive Authentication Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Passive Authentication Market positioning of competitors.
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