Passive Authentication Market Status and Outlook 2023
Overview
The Passive Authentication Market is projected to grow at a CAGR of 22.6% during the forecast period. As per the passive authentication market research report, the global market for passive authentication is projected to grow swiftly by US$1351.3 million by 2023. According to analysts, the growing demand for seamless authentication as well as demand for delivering enhanced user experience will drive the market growth during the forecast period. The passive authentication market research report offers a comprehensive analysis of the global passive authentication market and its deployment mode, organization size, region/country, vertical, and component segments. The concerns regarding privacy along with biometrics safety issues are the elements that could influence the passive authentication market advancement throughout the forecast period. The passive authentication market research report by expert analysts is developed to assist organizations in the passive authentication market.
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Market Segmentation:
The global passive authentication market has been segmented based on deployment mode, organization size, region/country, vertical, and component. On the basis of deployment mode, the market for passive authentication is segmented based on on-premises and cloud. Additionally, the market on the basis of organization size, is segmented into small and medium-sized enterprises (SMEs) and large enterprises. The global market for passive authentication is also covered based on vertical segments which is further split into government, healthcare, media and entertainment, retail and consumer goods, telecommunication and IT, banking financial services and insurance (BFSI), and others. On the basis of components, the market for passive authentication is segmented based on solution and services.
Major elements such as loss of user data could obstruct the passive authentication market growth. However, according to the passive authentication market research report, the rising acceptance of the Internet of Things (IoT) along with enhanced user experience will propel growth throughout the forecast period. The passive authentication market is set to register growth at a high CAGR owing to these key factors. The exploration of deployment mode, organization size, region/country, vertical, and component segments along with regional markets has been given in the global passive authentication market research report. The research analysts studying the passive authentication market have put out market forecasts in the passive authentication market research report in order to support passive authentication market-based companies. The passive authentication market research report provides an extensive understanding of the passive authentication market based on the information and forecasts till 2023.
Regional Overview:
North America, Europe, Asia Pacific and the rest of the world regional market for passive authentication are predominantly covered in the global passive authentication market research report. Country-level passive authentication markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level passive authentication markets are covered in the report. In Asia-Pacific (APAC) region, the country-level passive authentication markets covered are Japan, India, China, and others. The passive authentication market research report also explores the regional market for passive authentication present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The passive authentication market research report also covers regional markets from the rest of the world alongside passive authentication markets of Africa and the Middle East.
Competitive Landscape:
The rising adoption of new technology and automation solutions are presumed to drive the passive authentication market growth worldwide. The global passive authentication market could be challenged by growing concerns regarding privacy and user data, nevertheless, organizations in the passive authentication market will carry the growth rate forward. The passive authentication market research report presents company profiles of major companies active in the passive authentication market globally. Furthermore, the global passive authentication market report offers an all-inclusive analysis of the market collected from the passive authentication market’s primary and secondary sources covering both decision makers and thought leaders. The passive authentication market research report highlights such key areas assisting businesses operating in the passive authentication market to build better growth strategies.
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Industry News:
A new biometric onboarding solution was introduced by Ping Identity to ensure and streamline the account generation for remote users. It uses face and document recognition, in order to align one's image with the official government ID. In this regard PingOne Verification is equivalent to other face-based onboarding solutions. This solution is also called the PingOne Verification solution. The cloud delivers the service and uses facial phrases to detect hostility. For this reason, the solution captures a continuous stream to make sure the person shown on the ID is present and can obey simple instructions.
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