Passive Authentication Market Size (US$ 5.0 Billion) | Industry Report 2023-2028

According to the recent report by IMARC Group, titled “Passive Authentication Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.’ 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 23.8% during 2023-2028.

What is Passive Authentication?

Passive authentication is the process of identifying a user and confirming it without requiring multiple actions. It is commonly used for compliance, marketing, risk, operation and information technology (IT) management. Passive authentication involves recording the voice of the speaker during the interaction with a voice agent or a bot for conducting high-security verification checks. The authentication system gathers insights regarding the activity of the user or other observable data that is further analyzed for identity proof. As a result, passive authentication is widely used across healthcare, entertainment, telecommunication and banking, financial services and insurance (BFSI) industries.

What are the growth prospects and trends in the Passive Authentication industry?

The global passive authentication market is primarily being driven by significant growth in the BFSI industry. Passive authentication solutions are widely used for minimizing the interaction between agents and customers and streamlining banking operations. In line with this, they are also used for registering customers through an automated archive of previous calls. Moreover, various technological advancements, such as the launch of mobile banking (m-banking) applications and the integration of artificial intelligence (AI) and biometric solutions, are favoring the market growth. Other factors, including the increasing demand for passive authentication solutions in small and medium-scale enterprises (SMEs), along with the widespread adoption of cloud-based services, are creating a positive outlook for the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Based On Component:

  • Solution
  • Services

Based On Deployment Mode:

  • On-premises
  • Cloud-based

Based On Organization Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises

Based On Function:

  • Compliance Management
  • Marketing Management
  • Risk Management
  • Others

Based On End Use Industry:

  • BFSI
  • Government
  • IT and Telecom
  • Retail and Consumer Goods
  • Healthcare
  • Media and Entertainment
  • Others

Based On Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Who are the key players operating in the industry?

The report covers the major market players including: 

  • 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
  • Verint Systems Inc.

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Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Table of Content:

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
  Market Trends
  Market Forecast
        11.1.2 Canada
  Market Trends
  Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
  Market Trends
  Market Forecast
        11.2.2 Japan
  Market Trends
  Market Forecast
        11.2.3 India
  Market Trends
  Market Forecast
        11.2.4 South Korea
  Market Trends
  Market Forecast
        11.2.5 Australia
  Market Trends
  Market Forecast
        11.2.6 Indonesia
  Market Trends
  Market Forecast
        11.2.7 Others
  Market Trends
  Market Forecast
    11.3    Europe
        11.3.1 Germany
  Market Trends
  Market Forecast
        11.3.2 France
  Market Trends
  Market Forecast
        11.3.3 United Kingdom
  Market Trends
  Market Forecast
        11.3.4 Italy
  Market Trends
  Market Forecast
        11.3.5 Spain
  Market Trends
  Market Forecast
        11.3.6 Russia
  Market Trends
  Market Forecast
        11.3.7 Others
  Market Trends
  Market Forecast
    11.4    Latin America
        11.4.1 Brazil
  Market Trends
  Market Forecast
        11.4.2 Mexico
  Market Trends
  Market Forecast
        11.4.3 Others
  Market Trends
  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.
  Company Overview
  Product Portfolio
        16.3.2    BioCatch Ltd.
  Company Overview
  Product Portfolio
        16.3.3    Cisco Systems Inc.
  Company Overview
  Product Portfolio
  SWOT Analysis
        16.3.4    Equifax Inc.
  Company Overview
  Product Portfolio
  SWOT Analysis
        16.3.5    Experian plc
  Company Overview
  Product Portfolio
        16.3.6    Fair Isaac Corporation
  Company Overview
  Product Portfolio
  SWOT Analysis
        16.3.7    International Business Machines Corporation
  Company Overview
  Product Portfolio
  SWOT Analysis
        16.3.8    NEC Corporation
  Company Overview
  Product Portfolio
  SWOT Analysis
        16.3.9    Nuance Communications Inc. (Microsoft Corporation)
  Company Overview
  Product Portfolio
  SWOT Analysis
        16.3.10    RSA Security LLC
  Company Overview
  Product Portfolio
        16.3.11    Thales Group
  Company Overview
  Product Portfolio
  SWOT Analysis
        16.3.12    Verint Systems Inc.
  Company Overview
  Product Portfolio
  SWOT Analysis

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