Passive Authentication Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Offering (Software, Services), By Deployment Model (On-Premise, Cloud), By Enterprise Size (Small, Medium, Large), By End-User Industry (Government, BFSI, Media And Entertainment, Education, Communication And Technology, Others) And By Geography - Forecasts From 2021 To 2026

Published:  Jul 2021 Report Code: KSI061612180 Pages: 119

The passive authentication market is expected to grow at a compound annual growth rate of 25.53% over the analyzed period to reach a market size of US$3,089.319 million in 2026 from US$628.831 million in 2019. A passive Authentication is an advanced form of authentication under which the identification of the user is confirmed without the requirement of any additional specific actions for authentication.

Passive authentication is an advancement over the traditional password system. The prime reasons driving the market growth is rising cyber threat and cybercrime, along with growing technology penetration around the world. However, validation of passive authentication systems has been checked only on simple devices, which may constrain the market.

Passive authentication is an alternative to the password protection system

A passive authentication system is a technologically enhanced substitute to password protection systems. The problem with the latter system is that having to create and then remember a long, strong, and complex password for greater security at times gets in way of the work, especially in case of emergency. On the other hand, a short and simple password is weak and insecure as it is easier to crack. Hence, the overall password protection system is inefficient. There are additional layers of authentication for greater security, for example, a passcode in addition to the password or a one-time password sent to the user’s mobile number, however, these layers extend the time of operation.  Passive authentication, on the other hand, is stronger and does not require extra security layers. Passive biometric authentications are harder to crack and keep the user credential safe. Hence, passive authentication systems will grow at a faster rate than password protection systems.

Rising cybercrime is supporting the market growth of passive authentication

One of the prime reasons surging the market growth of the passive authentication market is a surge in cyber and related crime. In this digital era, the majority of operations have turned to the online channel for better performance. From grocery, cloth, and accessories shopping, to banking and financial services, every industry has paved the way in online channels for a greater customer base. However, along with these businesses, data is been transferred to online channels. These consumer data are sensitive and on the radar of hackers and criminal-minded people intending to gain financial benefits. Data such as name, phone number, bank details, and others are robbed by hackers and used to their advantage. A report by McAfee, published in 2014, states that in the US alone in the year, US $1.5 billion were robed using stolen debit and credit card numbers. Hence, to decrease the cases of fraud and robbery, companies are adopting modern authentication methods, such as the passive authentication system.

passive authentication market

The BFSI sector is anticipated to dominate the passive authentication market during the forecasted period.

Based on the end-user industry, the passive authentication market is segmented into government, BFSI, media and entertainment, education, communication and technology, and others. the BFSI sector is anticipated to dominate the passive authentication market during the forecasted period owing to surging online banking and financial operations which are prone to bleach and robbery. In February 2018, for instance, an unidentified group of hackers successfully pilfered into accounts at the Russian Central Bank, stealing the US $6 million, with the help of the SWIFT international payment messaging system. Increasing cases of robbery and theft are creating a demand for securer authentication systems and hence driving the market for the passive authentication industry.

Small and Medium Firms will provide huge market growth prospectus during the studied period.

Based on enterprise size, the market for passive authentication is divided into small firms, medium firms, and large firms. Mushrooming growth of small and medium enterprises will significantly boost the demand for passive authentication systems for securer business operations. Further, the market is divided, based on development mode, as on-premise and cloud. The Cloud model of passive authentication will show robust growth prospectus due to the rising adoption of the cloud model, especially in small and medium enterprises. A report by the World Bank states that globally, 11% of SMEs use private cloud services, while 17% of SMEs use some public cloud services.

Based on offering, the passive authentication market offers authentication software and authentication services. Authentication software is expected to grow at an exponential rate owing to the increasing installation of this software in BFSI, government, and educational sectors.

The North American region holds a noteworthy share of the passive authentication market.

The passive authentication market is segmented by geography as the North American region, the Middle East and African region, the South American region, the European region, and the Asia Pacific region. The North American region is anticipated to hold dominating share in the passive authentication industry owing to its state-of-art infrastructure and early technological adoption. Rising internet penetration and growing education among the customers will boost the market growth in the Asia Pacific region.

Covid Insights

The analysis report covers detailed information regarding the effect of the coronavirus pandemic on the passive authentication market. due to nationwide lockdown and physical shutdown of institutes, operations were transferred online to facilitate continuous work and development. This in turn increased the demand for security measures to prevent bleach and robbery. The passive authentication market was notably boosted as a result of the pandemic.

Passive Authentication Market Scope:
Report Metric Details
 Market size value in 2019  US$628.831 million
 Market size value in 2026  US$3,089.319 million
 Growth Rate  CAGR of 25.53% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Million
 Segments covered  Development Model, Offering, Enterprise Size, End-users Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  NEC Corporation, IBM, Cisco, Thales Group, Nuance Communications, BehavioSec   Inc., Pindrop
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Development Model
    • On-premise
    • Cloud
  • By Offering
    • Software
    • Services
  • By Enterprise Size
    • Small
    • Medium
    • Large
  • By End-users Industry
    • Government
    • BFSI
    • Media and Entertainment
    • Education
    • Communication and Technology
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • Spain
      • United Kingdom
      • Others
    • The Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the passive authentication market size by 2026?
A1. The global passive authentication market is expected to reach a market size of US$3,089.319 million by 2026.


Q2. What is the size of the global passive authentication market?
A2. Passive Authentication Market was valued at US$628.831 million in 2019.


Q3. What are the growth prospects for the passive authentication market?
A3. The passive authentication market is expected to grow at a CAGR of 25.53% over the forecast period.


Q4. What factors are anticipated to drive the passive authentication market growth?
A4. The prime reasons driving the passive authentication market growth is rising cyber threat and cybercrime, along with growing technology penetration around the world.


Q5. Which region holds the largest market share in the passive authentication market?
A5. The North American region holds a noteworthy share of the passive authentication market owing to its state-of-art infrastructure and early technological adoption.

1.Introduction

1.1.Market Definition

1.2.Market Segmentation

 

2.Research Methodology

2.1.Research Data

2.2.Assumptions

 

3.Executive Summary

3.1.Research Highlights

 

4.Market Dynamics

4.1.Market Drivers

4.2.Market Restraints

4.3.Porters Five Forces Analysis

4.3.1.Bargaining Power of Suppliers

4.3.2.Bargaining Powers of Buyers

4.3.3.Threat of Substitutes

4.3.4.The threat of New Entrants

4.3.5.Competitive Rivalry in Industry

4.4.Industry Value Chain Analysis

 

5.Passive Authentication Market, by Offering

5.1.Introduction

5.2.Software

5.3.Services

 

6.Passive Authentication Market, by Development Model

6.1.Introduction

6.2.On-premise

6.3.Cloud

 

7.Passive Authentication Market, by Enterprise Size

7.1.Introduction

7.2.Small

7.3.Medium

7.4.Large

 

8.Passive Authentication Market, by End-users Industry

8.1.Introduction

8.2.Government

8.3.BFSI

8.4.Media and Entertainment

8.5.Education

8.6.Communication and Technology

8.7.Others

 

9.Passive Authentication Market, by Geography

9.1.Introduction

9.2.North America

9.2.1.North America Passive Authentication Market Analysis, By Offering, 2019 to 2026

9.2.2.North America Passive Authentication Market Analysis, By Development Model, 2019 to 2026

9.2.3.North America Passive Authentication Market Analysis, By Enterprise Size, 2019 to 2026

9.2.4.North America Passive Authentication Market Analysis, By End-user Industry, 2019 to 2026

9.2.5.By Country

9.2.5.1.United States

9.2.5.2.Canada

9.2.5.3.Mexico

9.3.South America

9.3.1.South America Passive Authentication Market Analysis, By Offering, 2019 to 2026

9.3.2.South America Passive Authentication Market Analysis, By Development Model, 2019 to 2026

9.3.3.South America Passive Authentication Market Analysis, By Enterprise Size, 2019 to 2026

9.3.4.South America Passive Authentication Market Analysis, By End-users Industry, 2019 to 2026

9.3.5.By Country

9.3.5.1.Brazil

9.3.5.2.Argentina

9.3.5.3.Others

9.4.Europe

9.4.1.Europe Passive Authentication Market Analysis, By Offering, 2019 to 2026

9.4.2.Europe Passive Authentication Market Analysis, By Development Model, 2019 to 2026

9.4.3.Europe Passive Authentication Market Analysis, By Enterprise Size, 2019 to 2026

9.4.4.Europe Passive Authentication Market Analysis, By End-users Industry, 2019 to 2026

9.4.5.By Country

9.4.5.1.Germany

9.4.5.2.France

9.4.5.3.United Kingdom

9.4.5.4.Spain

9.4.5.5.Others

9.5.The Middle East and Africa

9.5.1.The Middle East and Africa Passive Authentication Market Analysis, By Offering, 2019 to 2026

9.5.2.The Middle East and Africa Passive Authentication Market Analysis, By Development Model, 2019 to 2026

9.5.3.The Middle East and Africa Passive Authentication Market Analysis, By Enterprise Size, 2019 to 2026

9.5.4.The Middle East and Africa Passive Authentication Market Analysis, By End-user Industry, 2019 to 2026

9.5.5.By Country

9.5.5.1.Saudi Arabia

9.5.5.2.South Africa

9.5.5.3.Others

9.6.Asia Pacific

9.6.1.Asia Pacific Passive Authentication Market Analysis, By Offering, 2019 to 2026

9.6.2.Asia Pacific Passive Authentication Market Analysis, By Development Model, 2019 to 2026

9.6.3.Asia Pacific Passive Authentication Market Analysis, By Enterprise Size, 2019 to 2026

9.6.4.Asia Pacific Passive Authentication Market Analysis, By End-users Industry, 2019 to 2026

9.6.5.By Country

9.6.5.1.China

9.6.5.2.India

9.6.5.3.South Korea

9.6.5.4.Japan

9.6.5.5.Others

 

10.Competitive Environment and Analysis

10.1.Major Players and Strategy Analysis

10.2.Emerging Players and Market Lucrative

10.3.Mergers, Acquisition, Agreements, and Collaborations

10.4.Vendor Competitiveness Matrix

 

11.Company Profiles

11.1.NEC Corporation

11.2.IBM

11.3.Cisco

11.4.Thales Group

11.5.Nuance Communications

11.6.BehavioSec Inc.

11.7.Pindrop

NEC Corporation

IBM

Cisco

Thales Group

Nuance Communications

BehavioSec Inc.

Pindrop

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us