Market Overview:
The global passive authentication market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing adoption of passive authentication by enterprises for safeguarding their data and preventing unauthorized access. In addition, the growing demand for advanced security solutions across different industries is also fueling the growth of the global passive authentication market. Based on type, the global passive authentication market can be segmented into passive biometric and device ID. The device ID segment is expected to grow at a higher CAGR during the forecast period as compared to other segments, owing to its ability to provide an extra layer of security against cyber-attacks. By application, BFSI sector accounted for majority share in 2017 and it is projected that this trend will continue during forecast period as well due increased adoption of cloud-based services by banks and other financial institutions worldwide.
Product Definition:
Passive authentication is a security measure that uses something the user has (like a physical token or a digital certificate) to verify their identity. This is in contrast to active authentication, which requires the user to provide something they know (like a password). Passive authentication is often used in conjunction with other security measures, like firewalls and intrusion detection systems.
Passive Biometric:
Passive biometrics is a new term in the field of security technology. It refers to identification methods based on body characteristics such as heart rate, breathing, and temperature sensors instead of traditional techniques such as passwords or tokens. The technology has been around for more than two decades but has only recently started gaining widespread attention due to its growing adoption by consumers and enterprises alike.
Device ID:
Passive authentication is a security process where the device being authenticated does not possess any knowledge about the authenticator. The most commonly used form of passive authentication is a smart card. In this method, an identification number or code is printed on the card and it must be swiped or inserted into some kind of reader to validate its authenticity before allowing access to sensitive information.
Application Insights:
The application segment is segregated into seven broad categories, namely banking, financial services, and insurance (BFSI), government, IT and telecom, retail and consumer goods, healthcare IT infrastructure & software industry. The BFSI sector accounted for the largest market share in 2017 owing to the high usage of authentication solutions in online transactions. Moreover, increasing frauds committed via e-banking transactions has propelled demand for PBA solutions among banks worldwide.
Passive authentication techniques are widely used by governments across all departments and agencies to ensure secure access to public web applications or internal networks from malicious users or malware attempting to penetrate a system.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. This growth can be attributed to increasing government mandates and regulations for user identification, stringent laws regarding data protection, and rising cyber-attacks. For instance, in June 2016, the Federal Trade Commission (FTC) launched an initiative called Safeguard Your Data Together that encourages people to take protective measures against hackers by sharing their experiences with others.
In Europe passive authentication has been witnessing considerable growth owing to its benefits over traditional password policies such as improved security through multi-factor authentication solutions along with strong customer acceptance due to ease of use offered by these systems.
Growth Factors:
- Increasing demand for online transactions and the need for security is expected to drive the growth of passive authentication market.
- The increasing number of cyber-attacks and data breaches are also anticipated to fuel the growth of this market in the coming years.
- Growing awareness about advanced authentication methods is another key factor that would propel the growth of this market in near future.
- Proliferation of Bring Your Own Device (BYOD) trend is also expected to create new opportunities for passive authentication vendors in forthcoming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Passive Authentication Market Research Report
By Type
Passive Biometric, Device ID
By Application
BFSI, Government, IT and Telecom, Retail and Consumer Goods, Healthcare, Media and Entertainment, Others
By Companies
NEC Corporation, IBM Corporation, Cisco Systems, Inc., Gemalto NV, Jumio, RSA Security, SecuredTouch, FICO, Pindrop, Verint, OneSpan, NuData Security, Equifax, LexisNexis, SESTEK, UnifyID, Aware, Nuance Communications, Precognitive, Inc., BioCatch
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Passive Authentication Market Report Segments:
The global Passive Authentication market is segmented on the basis of:
Types
Passive Biometric, Device ID
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Government, IT and Telecom, Retail and Consumer Goods, Healthcare, Media and Entertainment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NEC Corporation
- IBM Corporation
- Cisco Systems, Inc.
- Gemalto NV
- Jumio
- RSA Security
- SecuredTouch
- FICO
- Pindrop
- Verint
- OneSpan
- NuData Security
- Equifax
- LexisNexis
- SESTEK
- UnifyID
- Aware
- Nuance Communications
- Precognitive, Inc.
- BioCatch
Highlights of The Passive Authentication Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Passive Biometric
- Device ID
- By Application:
- BFSI
- Government
- IT and Telecom
- Retail and Consumer Goods
- Healthcare
- Media and Entertainment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Passive Authentication Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Passive authentication is a security mechanism that relies on the user's identity being known by the system. This can be achieved through a number of methods, such as having the user's username and password stored in an encrypted form on the server, or using a token that is issued to users upon login.
Some of the major players in the passive authentication market are NEC Corporation, IBM Corporation, Cisco Systems, Inc., Gemalto NV, Jumio, RSA Security, SecuredTouch, FICO, Pindrop, Verint, OneSpan, NuData Security, Equifax, LexisNexis, SESTEK, UnifyID, Aware, Nuance Communications, Precognitive, Inc., BioCatch.
The passive authentication market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passive Authentication Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Passive Authentication Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passive Authentication Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Passive Authentication Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Passive Authentication Market Size & Forecast, 2020-2028
4.5.1 Passive Authentication Market Size and Y-o-Y Growth
4.5.2 Passive Authentication Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Passive Biometric
5.2.2 Device ID
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Government
6.2.3 IT and Telecom
6.2.4 Retail and Consumer Goods
6.2.5 Healthcare
6.2.6 Media and Entertainment
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passive Authentication Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Passive Authentication Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Passive Biometric
9.6.2 Device ID
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Government
9.10.3 IT and Telecom
9.10.4 Retail and Consumer Goods
9.10.5 Healthcare
9.10.6 Media and Entertainment
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Passive Biometric
10.6.2 Device ID
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Government
10.10.3 IT and Telecom
10.10.4 Retail and Consumer Goods
10.10.5 Healthcare
10.10.6 Media and Entertainment
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Passive Biometric
11.6.2 Device ID
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Government
11.10.3 IT and Telecom
11.10.4 Retail and Consumer Goods
11.10.5 Healthcare
11.10.6 Media and Entertainment
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Passive Biometric
12.6.2 Device ID
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Government
12.10.3 IT and Telecom
12.10.4 Retail and Consumer Goods
12.10.5 Healthcare
12.10.6 Media and Entertainment
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Passive Biometric
13.6.2 Device ID
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Government
13.10.3 IT and Telecom
13.10.4 Retail and Consumer Goods
13.10.5 Healthcare
13.10.6 Media and Entertainment
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Passive Authentication Market: Competitive Dashboard
14.2 Global Passive Authentication Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NEC Corporation
14.3.2 IBM Corporation
14.3.3 Cisco Systems, Inc.
14.3.4 Gemalto NV
14.3.5 Jumio
14.3.6 RSA Security
14.3.7 SecuredTouch
14.3.8 FICO
14.3.9 Pindrop
14.3.10 Verint
14.3.11 OneSpan
14.3.12 NuData Security
14.3.13 Equifax
14.3.14 LexisNexis
14.3.15 SESTEK
14.3.16 UnifyID
14.3.17 Aware
14.3.18 Nuance Communications
14.3.19 Precognitive, Inc.
14.3.20 BioCatch
