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The global passive authentication market reached a value of US$ XX Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global passive authentication market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on component, deployment mode, organization size, function and end use industry.
Breakup by Component:
Breakup by Deployment Mode:
Breakup by Organization Size:
Breakup by Function:
Breakup by End Use Industry:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|Segment Coverage||Component, Deployment Mode, Organization Size, Function, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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