What is Passive Authentication Market?
A passive authentication is a form of authentication in which the user's identity is verified and validated without requiring any additional actions for authentication. The data on the RF chip of an electronic ID document is tested for authenticity and forgery using passive authentication (PA). The communication and technology industry is growing at a breakneck rate around the world. The production of advanced authentication solutions is being fueled by the rapid growth of the communication and technology industries around the world. As the number of security breaches rises across industries, industry players are being forced to implement advanced authentication technologies to tackle the problem.
The market study is being classified by Type (Solution and Services (Consulting, Integration and Deployment, Support & Maintenance)), by Application (BFSI, Government, Telecom and IT, Retail and consumer goods, Healthcare, Media and entertainment and Others) and major geographies with country level break-up.
Aware (United States), BehavioSec (United States), BioCatch (Israel), Cisco (United States), Early Warning (United States), Equifax (United States), Experian (Ireland), FacePhi (Spain), FICO (United States), Gemalto (Netherlands), IDology (United States), IBM (United States), Jumio (United States), LexisNexis (United States), NEC (Japan), Nuance Communications (United States) and NuData Security (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Pindrop (United States), RSA Security (United States), SecuredTouch (Israel), Trust Stamp (United States) and TypingDNA (Romania).
Passive Authentication Solution Market comprises of a high degree of competition, well-established players have an edge over the new entrants in terms of customer base & better serviceability & players are the concentrated majority in North America particularly in the United States. Currently, key players are in the industry are looking to enhance their existing range of products by implementing advanced technologies and at the same time deliver the quality of the systems. Significant mergers & acquisitions have happened in recent years thus indicating the growth potential in the Market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Passive Authentication market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Passive Authentication market by Type, Application and Region.
On the basis of geography, the market of Passive Authentication has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Need for Frictionless Authentication among Organizations
- Increasing Demand for Multi-Factor Authentication in Organization
Market Trend
- Increasing Implementation Of AI
Restraints
- Privacy concerns about Biometrics
Opportunities
- Adoption Of the Biometric Technology For Authentication And Fraud Detection
- Rising Acceptance Of IoT In All Verticals
Challenges
- Death of Professional Expertise
- Lack of Awareness
Market Leaders and some development strategies
In Dec 2018, NEC Corporation announced the acquisition of KMD Holding ApS, the holding company of KMD A/S (KMD), the largest Danish IT company. NEC is acquiring KMD for approximately 8 billion Danish Kroner (DKK) from Advent International, one of the world's largest and most experienced private equity investors., and In Aug 2018, Cisco announced its intent to acquire privately-held Duo Security, headquartered in Ann Arbor, Mich. Duo Security is the leading provider of unified access security and multi-factor authentication delivered through the cloud.
In Mar 2021, ID R&D announced that it has achieved a breakthrough in voice biometric accuracy. Using voice biometrics for the scenario of unlocking a device with spoken voice, ID R&D attained a .01% false acceptance rate and a 5% false rejection rate in the microphone channel in a third-party test.
Key Target Audience
Passive Authentication Solution Providers, Authentication Services Providers, Professional Services Providers, Managed Services Providers, System Integrators, Cloud Services Providers, Government Organizations, Resellers and Distributors, Investors and Venture Capitalists and Research Organizations