Dublin, Nov. 12, 2024 (GLOBE NEWSWIRE) -- The "Passive Authentication Market - A Global and Regional Analysis: Focus on End-use Industry, Organization Size, Deployment Type, Component, Business Function, and Region - Analysis and Forecast, 2024-2034" report has been added to ResearchAndMarkets.com's offering.
Passive Authentication Market is valued at $1.92 billion in 2024, is anticipated to grow at a CAGR of 21.26%, reaching $13.20 billion by 2034
The passive authentication market is rapidly transforming the landscape of cybersecurity and user experience, melding them into an intuitive and seamless interaction. As digital transactions and online activities become ubiquitous across various sectors, the need for security measures that do not impede user convenience has escalated. Passive authentication, by verifying users' identities unobtrusively through the analysis of behaviour patterns and biometrics, offers an ideal solution.
This technology harnesses data like keystroke dynamics, device handling patterns, and even biometric readings, processed in real-time, to authenticate users without their active participation. The rise of this market is fueled by the increasing integration of digital technologies in everyday life and the corresponding need for non-intrusive security solutions that ensure both safety and ease of use.
One of the primary drivers of the passive authentication market is the heightened demand within the financial services sector. Banks and financial institutions are particularly keen adopters, leveraging this technology to enhance security while improving customer experience. For instance, major banks have implemented systems that analyze how a user types of their password or interacts with a banking app, allowing for continuous authentication that detects any unusual behaviour indicative of fraud.
This application not only secures transactions but also streamlines the user experience, negating the need for repeated manual authentication steps. Similarly, in retail, passive authentication systems are used to prevent fraud in online transactions, subtly verifying users through their interaction patterns without disrupting the shopping experience.
However, the market faces significant challenges, particularly regarding data privacy and the ethical use of biometric information. Users often express concerns about how their data is being monitored, stored, and used. Regulatory challenges are also prominent as companies must navigate complex landscapes like the European Union's General Data Protection Regulation (GDPR), which imposes stringent restrictions on data usage. An instance of these challenges can be seen in the consumer backlash against certain tech companies, where users questioned the extent of data monitoring and its security. Such incidents highlight the need for transparent practices and robust data protection measures to gain and maintain public trust.
The passive authentication market presents numerous opportunities, particularly through expansion into new verticals that have yet to fully adopt advanced security practices. Education and healthcare are prime examples where the integration of passive authentication can revolutionize security protocols. In schools and universities, this technology can enhance data security and access control systems, seamlessly verifying the identity of students and staff as they access various digital resources.
In healthcare, passive authentication can secure access to patient records and hospital systems, ensuring that sensitive information is accessed only by authorized personnel, thus improving compliance with health data protection standards. The ongoing advancement of technology and the increasing sophistication of cyber threats are likely to spur further innovations and adoption in the passive authentication market, making it a critical component of future security ecosystems.
How can this report add value to an organization?
Product/Innovation Strategy: The global passive authentication market has been extensively segmented based on various categories, such as end-use industry, business function, component, deployment type, and organization size. This can help readers get a clear overview of which segments account for the largest share and which ones are well-positioned to grow in the coming years.
Competitive Strategy: A detailed competitive benchmarking of the players operating in the global passive authentication market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Questions Answered in this Report:
- What are the main factors driving the demand for passive authentication market?
- What are the major patents filed by the companies active in the passive authentication market?
- Who are the key players in thepassive authentication market, and what are their respective market shares?
- What partnerships or collaborations are prominent among stakeholders in the passive authentication market?
- What are the strategies adopted by the key companies to gain a competitive edge in passive authentication market?
- What is the futuristic outlook for the passive authentication market in terms of growth potential?
- What is the current estimation of the passive authentication market and what growth trajectory is projected from 2024 to 2034?
- Which application, and product segment is expected to lead the market over the forecast period (2024-2034)?
- Which regions demonstrate the highest adoption rates forpassive authentication market, and what factors contribute to their leadership?
Key Market Players and Competition Synopsis
- IBM Corporation
- Cisco Systems, Inc.
- NEC Corporation
- Nuance Communications, Inc.
- BioCatch Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 120 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value (USD) in 2024 | $1.92 Billion |
| Forecasted Market Value (USD) by 2034 | $13.2 Billion |
| Compound Annual Growth Rate | 21.2% |
| Regions Covered | Global |
Key Topics Covered:
1. Markets: Industry Outlook
1.1 Trends: Current and Future Impact Assessment
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Pricing Forecast
1.3 R&D Review
1.3.1 Patent Filing Trend by Country, by Company
1.4 Regulatory Landscape
1.5 Stakeholder Analysis
1.5.1 Use Case
1.5.2 End User and Buying Criteria
1.6 Impact Analysis for Key Global Events
1.7 Market Dynamics Overview
1.7.1 Market Drivers
1.7.2 Market Restraints
1.7.3 Market Opportunities
2. Passive Authentication Market (by Application)
2.1 Application Segmentation
2.2 Application Summary
2.3 Passive Authentication Market (by End-use Industry)
2.3.1 Banking, Financial Services, and Insurance (BFSI)
2.3.2 Government
2.3.3 Telecom and IT
2.3.4 Retail and consumer goods
2.3.5 Healthcare
2.3.6 Media and entertainment
2.3.7 Others
3. Passive Authentication Market (by Product)
3.1 Product Segmentation
3.2 Product Summary
3.3 Passive Authentication Market (by Organization Size)
3.3.1 Small and Medium-sized Enterprises (SMEs)
3.3.2 Large enterprises
3.4 Passive Authentication Market (by Deployment Type)
3.4.1 On-premises
3.4.2 Cloud
3.5 Passive Authentication Market (by Component)
3.5.1 Solution
3.5.2 Services
3.6 Passive Authentication Market (by Business Function)
3.6.1 Compliance management
3.6.2 Marketing management
3.6.3 Risk management.
3.6.4 Others
4. Passive Authentication Market (by Region)
4.1 Passive Authentication Market (by Region)
4.2 North America
4.2.1 Regional Overview
4.2.2 Driving Factors for Market Growth
4.2.3 Factors Challenging the Market
4.2.4 Application
4.2.5 Product
4.2.6 U.S.
4.2.6.1 Market by Application
4.2.6.2 Market by Product
4.2.7 Canada
4.2.7.1 Market by Application
4.2.7.2 Market by Product
4.2.8 Mexico
4.2.8.1 Market by Application
4.2.8.2 Market by Product
4.3 Europe
4.4 Asia-Pacific
4.5 Rest-of-the-World
5. Companies Profiled
5.1 Next Frontiers
5.2 Geographic Assessment
5.2.1 Overview
5.2.2 Top Products/Product Portfolio
5.2.3 Top Competitors
5.2.4 Target Customers
5.2.5 Key Personnel
5.2.6 Analyst View
5.2.7 Market Share
- IBM Corporation
- Cisco Systems, Inc.
- Thales Group
- 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
- Early Warning Services
- Trust Stamp
6. Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/xofubm
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