The global passive authentication market is expected to grow at a CAGR of 22.6% during the forecast period and reach $1351.3 million by 2023.
Enterprises install Context Directory Agent (CDA) in the enterprise network to collect user identity information. This information is collected when users log into the network. This type of identity mapping is considered passive identity mapping. With passive authentication, the user identity is obtained by checking a mapping of IP addresses to user identity. Authentication is passive because the user is not prompted to provide credentials.
The major factor contributing to the market growth is the increasing demand for seamless authentication process from enterprises acrosssectors. Another factor is the increasing demand from enterprises to deliver enhanced user experience. The concerns regarding the privacy of biometrics are proving to be a restraint for this market. The market has various opportunities such as increasing adoption of the biometric technology for authentication and fraud detection. Along with this, Artificial Intelligence (AI) is increasingly being implemented for authentication. The acceptance of Internet of Things (IoT) in all industry verticals is also expected to be a lucrative opportunity for the passive authentication market.
The global passive authentication market has been segmented based on component, deployment mode, organization size, vertical and region/country.
By component, the global passive authentication market has been segmented into solution and services.
By deployment mode, the global passive authentication market has been segmented into on-premises and cloud.
By organization size, the global passive authentication market has been segmented into small and medium-sized enterprises (SMEs) and large enterprises.
By vertical, the global passive authentication market has been segmented into banking, financial services and insurance (BFSI), healthcare, telecommunication and IT, government, retail and consumer goods, media and entertainment, and others.
By region, the global passive authentication market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
The key players in the Passive Authentication Market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are NEC Corporation (Japan), IBM Corporation (US), Cisco Systems, Inc. (US), Gemalto (Netherlands), Fair Isaac Corporation (US), Dell Technologies (US), Experian PLC (Ireland), Equifax Inc. (US), Verint Systems (US), Nuance Communications, Inc. (US), Veridium Ltd (US), OneSpan Inc. (US), Aware, Inc. (US), Jumio (US), and Mastercard Technologies (Canada). The key strategies adopted by most of the players are partnerships, agreements, collaborations, and product releases.
The global market for passive authentication is expected to grow at a CAGR of 22.6% during the forecast period and reach $1351.3 million by 2023. The geographical analysis of the passive authentication market is studied for North America, Europe, Asia-Pacific, Middle East, Africa, and Latin America.
Among the regions mentioned, the market in North America is anticipated to have the largest market share during the forecast period. High demand from technologically advanced industries such as BFSI and Telecom and IT, and high adoption of biometrics, behavioral analytics, and mobile technology in North America are expected to boost the growth of the passive authentication market. In terms of market size, the market in Europe is expected to follow North America. The increasing demand for advanced authentication solutions among enterprises in Europe and the expansion of various US-based passive authentication software companies in Europe are the main factors for fueling the market growth in the region. The market in Asia-Pacific is expected to have the fastest growth rate as the demand is projected to rise more than the global CAGR of 22.6% during the forecast period of 2018 to 2023. The developing countries such as India and China are driving the growth of the passive authentication market with unceasing demand across sectors such as BFSI, IT and telecom, manufacturing, and retail. Latin America, andMiddle East & Africa are anticipated to offer numerous opportunities for the vendors as the majority of the countries are yet to adopt passive authentication solutions.
The passive authentication market witnesses the presence of a number ofvendors from the US which is intensifying the competition in the North American market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries by adopting various organic and inorganic growth strategies. For instance, in December 2018, NEC Corporation acquired KMD, which is a major player in Denmark and also has a strong customer base. Another instance is the acquisition of US-based Duo Security, a company specialized in unified access security and multi-factor authentication, by Cisco Systems, Inc. in August 2018.
LIST OF TABLES
Table1 Global Passive Authentication Market, By Region, 2018—2023
Table2 North America Passive Authentication Market, By Country, 2018—2023
Table3 Europe Passive Authentication Market, By Country, 2018—2023
Table4 Asia-Pacific Passive Authentication Market, By Country, 2018—2023
Table6 Global Passive Authentication Market, By Component, By Region, 2018—2023
LIST OF FIGURES
FIGURE 1 Global Passive Authentication Market: Segmentations
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Passive Authentication Market
FIGURE 4 Value Chain Of Global Passive Authentication Market
FIGURE 5 Share Of Global Passive Authentication Market By Country, 2017
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members
Market Research Future
+1 646 845 9312
Email: [email protected]