Passive Authentication Market Share, Size, Growth, Opportunity and Forecast By 2021-2026

According to the recent report by IMARC Group, titled “Passive Authentication Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026.’ Passive authentication is the process of identifying a user and confirming it without requiring multiple actions. It is commonly used for compliance, marketing, risk, operation and information technology (IT) management. Passive authentication involves recording the voice of the speaker during the interaction with a voice agent or a bot for conducting high-security verification checks. The authentication system gathers insights regarding the activity of the user or other observable data that is further analyzed for identity proof. As a result, passive authentication is widely used across healthcare, entertainment, telecommunication and banking, financial services and insurance (BFSI) industries.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

The global passive authentication market is primarily being driven by significant growth in the BFSI industry. Passive authentication solutions are widely used for minimizing the interaction between agents and customers and streamlining banking operations. In line with this, they are also used for registering customers through an automated archive of previous calls. Moreover, various technological advancements, such as the launch of mobile banking (m-banking) applications and the integration of artificial intelligence (AI) and biometric solutions, are favoring the market growth. Other factors, including the increasing demand for passive authentication solutions in small and medium-scale enterprises (SMEs), along with the widespread adoption of cloud-based services, are creating a positive outlook for the market. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.

Competitive Landscape:

· Aware Inc.

· BioCatch Ltd.

· Cisco Systems Inc.

· Equifax Inc.

· Experian plc

· Fair Isaac Corporation

· International Business Machines Corporation

· NEC Corporation

· Nuance Communications Inc.

· Microsoft Corporation

· RSA Security LLC

· Thales Group

· Verint Systems Inc.

Key Market Segmentation:

Breakup by Component:

· Solution

· Services

Breakup by Deployment Mode:

· On-premises

· Cloud-based

Breakup by Organization Size:

· Small and Medium-sized Enterprises

· Large Enterprises

Breakup by Function:

· Compliance Management

· Marketing Management

· Risk Management

· Others

Breakup by End Use Industry:

· BFSI

· Government

· IT and Telecom

· Retail and Consumer Goods

· Healthcare

· Media and Entertainment

· Others

Breakup by Region:

· North America (United States, Canada)

· Europe (Germany, France, United Kingdom, Italy, Spain, Others)

· Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

· Latin America (Brazil, Mexico, Others)

· Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:

• Market Performance (2015-2020)

• Market Outlook (2021-2026)

• Market Trends

• Market Drivers and Success Factors

• The Impact of COVID-19 on the Global Market

• Value Chain Analysis

• Structure of the Global Market

• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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