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Passive Authentication Market to Reach $4.09 Billion, Globally, by 2027 at 22.7% CAGR: Allied Market ResearchPORTLAND, Ore., July 7, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Passive Authentication Market by Component (Solution and Services), Function (Compliance Management, Marketing Management, Risk Management, and Others), Deployment (On-Premise and Cloud), Organization Size (Small & Medium Enterprise and Large Enterprise), and Industry Vertical (Banking, Financial Services, and Insurance (BFSI), Government, IT & Telecom, Retail & Consumer Goods, Healthcare, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global passive authentication industry generated $796 million in 2019, and is estimated to reach $4.09 billion by 2027, witnessing a CAGR of 22.7% from 2020 to 2027. Download Sample Report: https://www.alliedmarketresearch.com/request-sample/11462 Prime determinants of growth Rise in demand for passive authentication in modern-day businesses, improvement in user accessibility, and time-saving benefits are factors that drive the growth of the global passive authentication market. However, issues regarding data confidentiality hinder the market growth. On the other hand, advanced passive authentication techniques and rise in issues of fraud detection and identification create new opportunities in the coming years. Covid-19 Scenario:
Get detailed COVID-19 impact analysis on the Passive Authentication Market: https://www.alliedmarketresearch.com/request-for-customization/11462?reqfor=covid The solution segment to maintain its lead position throughout the forecast period Based on component, the solution segment held the highest market share in 2019, accounting for nearly three-fifths of the global passive authentication market, and is estimated to maintain its lead position throughout the forecast period. This is due to rapid technological advancements such as emergence of voice and facial biometrics for authentication and fraud prevention. However, the services segment is expected to portray the highest CAGR of 23.2% from 2020 to 2027, owing to a significant rise in cyber-crimes. The BFSI segment to maintain its dominant share in terms of revenue during the forecast period Based on industry vertical, the BFSI segment ontributed to the largest share in 2019, accounting for nearly two-fifths of the global passive authentication market, and will maintain its dominant share in terms of revenue during the forecast period. This is due to increase in prevalence of cyber-crimes and rise in demand for data security worldwide. However, the healthcare segment is projected to register the highest CAGR of 27.8% from 2020 to 2027. This is attributed to integration of digital technologies in the sector that gave a huge scope to effective authentication methods. For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/11462 North America to continue its leadership status by 2027 Based on region, North America accounted for the highest share in terms of revenue in 2019, contributing to nearly two-fifths of the global passive authentication market, and will continue its leadership status by 2027. This is attributed to rapid adoption of biometrics, behavioral analytics, and mobile technology. However, Asia-Pacific is estimated to witness the fastest CAGR of 24.8% during the forecast period, owing to increase in enterprises across the region that led to the need for effective security solutions. Leading market players
Official Press Release: https://www.alliedmarketresearch.com/press-release/passive-authentication-market.html Similar Research Reports for Information, Communication and Technology: Email Encryption Market Expected to Reach $3,186 Million, Globally, by 2023 Neural Network Market worth $38,719 Million Globally by 2023 Security Information& Event Management Market to Reach $3,720 Million Globally by 2023 Application Container Market Predicted to Reach $8,202 Million by 2025 Network Traffic Analytics Market Expected to Reach $3.11 Billion by 2026 Function-as-a-Service Market Expected to Reach $24,007.00 Million by 2026 AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model): AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports. Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact 5933 NE Win Sivers Drive View original content:https://www.prnewswire.com/news-releases/passive-authentication-market-to-reach-4-09-billion-globally-by-2027-at-22-7-cagr-allied-market-research-301326742.html SOURCE Allied Market Research |