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Report
Passive Authentication Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-24 I 138 Pages I IMARC Group
The global passive authentication market size reached US$ 1.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.0 Billion by 2028, exhibiting a growth rate (CAGR) of 23.63% during 2022-2028.
Passive authentication refers to the frictionless process of identifying the user and confirming without the need for additional actions. It involves listening to the speaker's voice while talking to an agent or a voice bot and usually requires a more extended period of speech to achieve a high-security verification score. It mainly gathers the user's activity, or other observable data, which is analyzed for evidence of identity without further intervention from or work by the user. At present, its demand is escalating across the globe on account of the development of frictionless online and physical dynamic probabilities and confidence scoring technology by numerous startups.
Passive Authentication Market Trends:
Presently, there is a rise in the adoption of passive authentication methods in the banking industry, which can be attributed to numerous beneficial features that minimize agent interaction with the customers. This represents one of the key factors bolstering the growth of the market. Passive authentication methods can also be utilized by financial services companies to enroll customers using archives of previous calls automatically. Moreover, it offers several other advantages, such as enabling companies to continually monitor conversations in real-time and ensure that the person they are interacting with is the authenticated speaker. Apart from this, there is an increase in the incidences of data breaches in the banks, which is positively influencing the need for robust authentication technologies. Furthermore, the outbreak of the coronavirus disease (COVID-19) outbreak has encouraged enterprises to transform their security methods by defining next-generation user security experience. This is anticipated to drive the demand for passive authentication solutions around the world to control and identify areas wherein businesses can introduce automation and provide a frictionless user experience.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global passive authentication market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment mode, organization size, function and end use industry.
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
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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, and Verint Systems Inc.
Key Questions Answered in This Report:
How has the global passive authentication market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global passive authentication market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the deployment mode?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the function?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global passive authentication market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Passive Authentication Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solution
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment Mode
7.1 On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Organization Size
8.1 Small and Medium-sized Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Large Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Function
9.1 Compliance Management
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Marketing Management
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Risk Management
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by End Use Industry
10.1 BFSI
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Government
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 IT and Telecom
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Retail and Consumer Goods
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Healthcare
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Media and Entertainment
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Others
10.7.1 Market Trends
10.7.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Aware Inc.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.2 BioCatch Ltd.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Cisco Systems Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Equifax Inc.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Experian plc
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.6 Fair Isaac Corporation
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 International Business Machines Corporation
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 NEC Corporation
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Nuance Communications Inc. (Microsoft Corporation)
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 RSA Security LLC
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Thales Group
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
16.3.12 Verint Systems Inc.
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.12.4 SWOT Analysis
Figure 1: Global: Passive Authentication Market: Major Drivers and Challenges
Figure 2: Global: Passive Authentication Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Passive Authentication Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Passive Authentication Market: Breakup by Component (in %), 2022
Figure 5: Global: Passive Authentication Market: Breakup by Deployment Mode (in %), 2022
Figure 6: Global: Passive Authentication Market: Breakup by Organization Size (in %), 2022
Figure 7: Global: Passive Authentication Market: Breakup by Function (in %), 2022
Figure 8: Global: Passive Authentication Market: Breakup by End Use Industry (in %), 2022
Figure 9: Global: Passive Authentication Market: Breakup by Region (in %), 2022
Figure 10: Global: Passive Authentication (Solution) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Passive Authentication (Solution) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Passive Authentication (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Passive Authentication (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Passive Authentication (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Passive Authentication (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Passive Authentication (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Passive Authentication (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Passive Authentication (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Passive Authentication (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Passive Authentication (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Passive Authentication (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Passive Authentication (Compliance Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Passive Authentication (Compliance Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Passive Authentication (Marketing Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Passive Authentication (Marketing Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Passive Authentication (Risk Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Passive Authentication (Risk Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Passive Authentication (Other Functions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Passive Authentication (Other Functions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Passive Authentication (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Passive Authentication (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Passive Authentication (Government) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Passive Authentication (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Passive Authentication (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Passive Authentication (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Passive Authentication (Retail and Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Passive Authentication (Retail and Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Passive Authentication (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Passive Authentication (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Passive Authentication (Media and Entertainment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Passive Authentication (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Passive Authentication (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Passive Authentication (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: North America: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: North America: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: United States: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: United States: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Canada: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Canada: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Asia-Pacific: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Asia-Pacific: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: China: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: China: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Japan: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Japan: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: India: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: India: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: South Korea: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: South Korea: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Australia: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Australia: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Indonesia: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Indonesia: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Europe: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Europe: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Germany: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Germany: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: France: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: France: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: United Kingdom: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: United Kingdom: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Italy: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Italy: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Spain: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Spain: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Russia: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Russia: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Latin America: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Latin America: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Brazil: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Brazil: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Mexico: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Mexico: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Others: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Others: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Middle East and Africa: Passive Authentication Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Middle East and Africa: Passive Authentication Market: Breakup by Country (in %), 2022
Figure 92: Middle East and Africa: Passive Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Global: Passive Authentication Industry: SWOT Analysis
Figure 94: Global: Passive Authentication Industry: Value Chain Analysis
Figure 95: Global: Passive Authentication Industry: Porter's Five Forces Analysis
Table 1: Global: Passive Authentication Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Passive Authentication Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Passive Authentication Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 4: Global: Passive Authentication Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 5: Global: Passive Authentication Market Forecast: Breakup by Function (in Million US$), 2023-2028
Table 6: Global: Passive Authentication Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 7: Global: Passive Authentication Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Passive Authentication Market: Competitive Structure
Table 9: Global: Passive Authentication Market: Key Players
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