Passive Authentication Market to Expand with Significant CAGR by 2023

0
0

Passive authentication solutions have been adopted by several companies across the globe to counter the growing need for the frictionless authentication among organizations. The increasing adoption of passive authentication solutions helps organizations adhere to the increasing government compliance and deliver enhanced user experience, which drives the passive authentication market growth. The strategic partnership, collaborations, and agreements is an important growth strategy adopted by the key market players to develop new services and gain traction in the passive authentication market. MarketsandMarkets expects the passive authentication market 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.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=151421257

The major vendors of the passive authentication market include Aware (US), BehavioSec (US), BioCatch (Israel), Cisco (US), Early Warning (US), Equifax (US), Experian (Ireland), FacePhi (Spain), FICO (US), Gemalto (Netherlands), IDology (US), IBM (US), Jumio(US),  LexisNexis (US), NEC (Japan), Nuance Communications (US), NuData Security (Canada), Pindrop (US), RSA Security (US), SecuredTouch (Israel), Trust Stamp (US), TypingDNA (Romania), VASCO (US), Veridium (US), and Verint (US). These players have adopted various growth strategies, such as partnerships, collaborations, and agreements; mergers and acquisitions; and new product developments, to grow in the passive authentication market.

NEC has a significant presence in the market and aspires to become the top market provider of passive authentication solutions by constant investments in R&D capabilities. In February 2018, NEC enhanced NeoFace Access Control, a facial recognition product that helps organizations authenticate users at entry and exit points. In April 2017, NEC launched NC7000-3A, a user data utilization platform software that uses the facial recognition software. Moreover, this platform ensures the security of data on mobile devices, and complies with the Fast Identity Online (FIDO) industry standards for authentication.

Gemalto is another top player in the passive authentication market. The company delivers software and other technologies to businesses and governments that help them authenticate identities and protect data. In May 2017, Gemalto partnered with Enfuce, a Finland-based financial services provider, to offer cost-effective, convenient, and strong customer authentication using mobile devices. This partnership helped Gemalto  leverage its Authentication-as-a-Service (AaaS) in the Nordic region. 

Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/passive-authentication-market-151421257.html

Showing 0 results
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.