DUBLIN--(BUSINESS WIRE)--The "Passive Authentication Market by Component (Solution and Services), Business Function (Compliance Management, Risk Management, Marketing Management), Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Growing need for the frictionless authentication among organizations is expected to drive the growth of the passive authentication market.
The passive authentication market size is expected to grow from USD 492.8 million in 2018 to USD 1,535.0 million by 2023, at a Compound Annual Growth Rate (CAGR) of 25.5% during the forecast period.
The market growth is expected to have driven by the growing need for the frictionless authentication among organizations. The advancements in technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) are expected to further fuel the growth of the passive authentication market, globally. However, privacy concerns about biometrics are expected to restrain the growth of the market.
The cloud segment is expected to grow at a higher CAGR during the forecast period.
Cloud-based services are provided directly through the cloud-deployed network connection. These services help reduce the overall costs while also provide highly flexible and scalable access to passive authentication solutions through Information Technology (IT) infrastructure hosted by cloud services providers.
Companies are deploying the passive authentication solutions on the cloud to improve their mobility and decentralize their data storage and computing. The increasing demand for digital services is expected to fuel the growth of the passive authentication market. Passive authentication solutions help companies in digital transformation and customer engagement strategies.
Security is a critical issue, which restricts the adoption of cloud-based services. However, this issue is gradually being eradicated with the help of rigorous security tests of the highest standards by third parties. Owing to such advantages, several enterprises are switching from the on-premises deployment mode to the cloud deployment mode.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Passive Authentication Market, By Component
7 Market By Business Function
8 Passive Authentication Market, By Deployment Type
9 Market By Organization Size
10 Passive Authentication Market, By Industry Vertical
11 Passive Authentication Market, By Region
12 Competitive Landscape
13 Company Profiles
- Rsa Security
- Vasco Data Security International
- Nuance Communications
- Lexisnexis Risk Solutions
- Early Warning Services
- Nudata Security
- Trust Stamp
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