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Software Links: Application Software, Enterprise Software, Virus Software Home > Software News: Watch News Feed Bestsellers Software Search Software News: Software News | Submit Press Release | Passive Authentication Market Size, Share, Segmentation, Analysis By Recent Trends, Development and Growth To 2023 (I-SoftwareNews.Com, September 06, 2019 ) According to a new market research report "Passive Authentication Market by Component (Solution and Services), Business Function (Compliance Management, Risk Management, Marketing Management), Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets, the passive authentication market size is expected 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. The growing need for the frictionless authentication among organizations is expected to drive the growth of the passive authentication market. Moreover, the increasing demand among enterprises to deliver enhanced user experience is expected to drive the passive authentication market growth. Browse and in-depth TOC on “Passive Authentication Market” 75 - Tables 48 - Figures 169 - Pages Request PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=151421257 The BFSI industry vertical is expected to account for the largest market size during the forecast period. The development of the BFSI industry vertical is dependent on the efficient utilization of advanced technologies that help maintain strong customer relationships, identify legitimate customers, and reduce risks. The digital technology has enabled banking customers to access real-time banking and financial information services on any device. As passwords are the least secure form of authentication when used alone, hence they are easy to hack. Passive authentication solutions enable BFSI organizations to optimize their customer experience and revenues by leveraging the machine learning technology. Moreover, passive authentication solutions help BFSI organizations to identify their customers by taking advantages of behavioural analytics that prevent new account frauds and enable legitimate customers to access their information. The Small and Medium-sized Enterprises segment is expected to grow at a higher CAGR during the forecast period. Organizations with less than 1,000 employees are categorized under the SMEs segment. SMEs face some specific challenges, such as the requirement of the domain-specific technical personnel and skilled workforce, budget constraints, scalability, management control, and the limited economy of scale. Moreover, the entry of small vendors in the passive authentication market has provided opportunities for organizations to install low-cost software. The intense competitive market scenario has encouraged SMEs to invest in passive authentication solutions for providing frictionless experience to users. When compared to large enterprises, SMEs face resource crunch and require cost-effective methods to solve complexities for the better cost optimization of their assets and requirements. Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=151421257 North America is expected to account for the largest market size during the forecast period. North America has been an early adopter for advanced security solutions and practices. Most passive authentication vendors, including the major players, have a direct or an indirect presence in this region via system integrators, distributors, and resellers. The countries considered for analysis in North America include the US and Canada. With the growing demand for passive authentication solutions and services across several industry verticals, the US is expected to be the major revenue contributor to the passive authentication market in North America. After the US, Canada is expected to provide major growth opportunities for passive authentication vendors. The major vendors in 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). Browse Adjacent Markets @ Information Security Market Research Reports & Consulting About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: sales@marketsandmarkets.com MnM Blog: https://mnmblog.org/ Visit Our Website: https://www.marketsandmarkets.com MarketsandMarkets™ Mr. Shelly Singh 1-888-600-6441 raviraj.tak@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com Media Sponsor Watch the latest videos on YouTube.com

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