Passive Authentication Market Report: Trends, Forecast and Competitive Analysis to 2030

Passive Authentication Trends and Forecast

The future of the global passive authentication market looks promising with opportunities in the banking, financial service, and insurance (BFSI), government, telecom and it, retail and consumer good, healthcare, media and entertainment markets. The global passive authentication market is expected to reach an estimated $3.2 billion by 2030 with a CAGR of 24.6% from 2024 to 2030. The major drivers for this market are increasing enterprise demand for delivering an improved user experience and rising demand for seamless authentication within organizations.

A more than 150-page report is developed to help in your business decisions.

Passive Authentication by Segment

The study includes a forecast for the global passive authentication by deployment type, component, business function, end use, and region.

Passive Authentication Market by Deployment Type [Shipment Analysis by Value from 2018 to 2030]:

• On-Premises
• Cloud

Passive Authentication Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Solution
• Services

Passive Authentication Market by Business Function [Shipment Analysis by Value from 2018 to 2030]:

• Compliance Management
• Marketing Management
• Risk Management
• Others

Passive Authentication Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Banking, Financial Services, and Insurance (BFSI)
• Government
• Telecom and IT
• Retail and Consumer Goods
• Healthcare
• Media and Entertainment
• Others

Passive Authentication Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Passive Authentication Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies passive authentication companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the passive authentication companies profiled in this report include-

• Aware
• BehavioSec
• BioCatch
• Cisco
• Early Warning

Passive Authentication Market Insights

Lucintel forecasts that cloud is expected to witness the higher growth over the forecast period due to its cost-effectiveness, scalability, and rapid computational speed.

Within this market, BFSI will remain the largest segment due to rising need to manage digital assets.

North America will remain the largest region over the forecast period due to increasing number of smartphone users.

Features of the Global Passive Authentication Market

Market Size Estimates: Passive authentication market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Passive authentication market size by various segments, such as by deployment type, component, business function, end use, and region in terms of value ($B).

Regional Analysis: Passive authentication market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different deployment types, components, business function, end uses, and regions for the passive authentication market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the passive authentication market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the passive authentication market size?

Answer: The global passive authentication market is expected to reach an estimated $3.2 billion by 2030.

Q2. What is the growth forecast for passive authentication market?

Answer: The global passive authentication market is expected to grow with a CAGR of 24.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the passive authentication market?

Answer: The major drivers for this market are increasing enterprise demand for delivering an improved user experience and rising demand for seamless authentication within organizations.

Q4. What are the major segments for passive authentication market?

Answer: The future of the passive authentication market looks promising with opportunities in the banking, financial service, and insurance (BFSI), government, telecom and it, retail and consumer good, healthcare, media and entertainment markets.

Q5. Who are the key passive authentication market companies?

Answer: Some of the key passive authentication companies are as follows.

• Aware
• BehavioSec
• BioCatch
• Cisco
• Early Warning

Q6. Which passive authentication market segment will be the largest in future?

Answer: Lucintel forecasts that cloud is expected to witness the higher growth over the forecast period due to its cost-effectiveness, scalability, and rapid computational speed.

Q7. In passive authentication market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to increasing number of smartphone users.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the passive authentication market by deployment type (on-premises and cloud), component (solution and services), business function (compliance management, marketing management, risk management, and others), end use (banking, financial services, and insurance (BFSI), government, telecom and it, retail and consumer goods, healthcare, media and entertainment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?