• About us
  • Contact Us
  • Submit a Press Release
Sunday, May 28, 2023
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
TheEast-Africana
No Result
View All Result
Submit PR
  • Ethiopia

    Gem trader HB Antwerp eyes African diamonds after Botswana pact … – London South East

    Police senior command students in Botswana for external study tour – Taarifa News

    Botswana to focus on improving quality of goods, service: official – Xinhua

    Opinion – Namibia and Botswana: An exciting future – Truth, for its … – New Era

  • Kenya

    African Trade Observatory to spur small business in African Free Trade Area – ZAWYA

    Biden Plans to Thaw and Diversify Relationship With China – Yahoo Canada Finance

    Eswatini: Increased Private Sector Employment and Enhanced Human Capital Development are top priorities of new World Bank Group (WBG) Strategy – ZAWYA

    Health News Roundup: Taiwan excluded from WHO annual assembly following Chinese opposition; Don't delay reforms to prepare for next pandemic – WHO chief and more – Devdiscourse

  • Rwanda

    Africa Smartphone Tariff Tracker and Analysis 2023: Post-and … – Business Wire

    Lesotho imposes nationwide curfew in attempt to curb violent crime … – Daily Independent

    President Ramaphosa to attend launch of Phase 2 of Lesotho … – South African Government News Agency

    Rwanda: Red Cross Supports Cooperatives Owned By Refugees … – AllAfrica – Top Africa News

  • Uganda

    Uganda: We Should Have a Dialogue With Museveni – FDC Chairman – AllAfrica – Top Africa News

    era92 Fund Raises $425k to Empower Micro and Social Ventures in Uganda – Causeartist – Causeartist

    Tech ‘unicorns’ are still mythological in SA – ITWeb

    Uganda's net foreign assets register Shs29b increase – Monitor

  • MORE COUNTRIES
    • Burundi
    • Comoros
    • Djibouti
    • Eritrea
    • Ethiopia
    • Kenya
    • Madagascar
    • Malawi
    • Mauritius
    • Mozambique
    • Rwanda
    • Seychelles
    • Somalia
    • South Sudan
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • AFRICA
    Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

    Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

    BZR on Coinstore – a Significant Milestone for Bazaars

    BZR on Coinstore – a Significant Milestone for Bazaars

    Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

    Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

    أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

    أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

  • Press releases
    إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

    A handful of walnuts a day may enhance cognitive development in adolescents

    إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

    إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

    Pharmaceutical Manufacturing Equipment Market Set to Reach $19.7 Billion by 2028: Growth Projections and Industry Analysis

    Tunnel Field Effect Transistor Market to Hit USD 2.3 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

    Tunnel Field Effect Transistor Market to Hit USD 2.3 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

    Prosthetics Market to grow at a CAGR of 4.5 percent to reach USD 2.5 Bn by 2029

    Prosthetics Market to grow at a CAGR of 4.5 percent to reach USD 2.5 Bn by 2029

    Controlled Release Fertilizers Granules Market to reach USD 976.84 Mn by 2029, emerging at a CAGR of 8.2 percent for (2022-2029)

    Controlled Release Fertilizers Granules Market to reach USD 976.84 Mn by 2029, emerging at a CAGR of 8.2 percent for (2022-2029)

    Trending Tags

    • Ethiopia

      Gem trader HB Antwerp eyes African diamonds after Botswana pact … – London South East

      Police senior command students in Botswana for external study tour – Taarifa News

      Botswana to focus on improving quality of goods, service: official – Xinhua

      Opinion – Namibia and Botswana: An exciting future – Truth, for its … – New Era

    • Kenya

      African Trade Observatory to spur small business in African Free Trade Area – ZAWYA

      Biden Plans to Thaw and Diversify Relationship With China – Yahoo Canada Finance

      Eswatini: Increased Private Sector Employment and Enhanced Human Capital Development are top priorities of new World Bank Group (WBG) Strategy – ZAWYA

      Health News Roundup: Taiwan excluded from WHO annual assembly following Chinese opposition; Don't delay reforms to prepare for next pandemic – WHO chief and more – Devdiscourse

    • Rwanda

      Africa Smartphone Tariff Tracker and Analysis 2023: Post-and … – Business Wire

      Lesotho imposes nationwide curfew in attempt to curb violent crime … – Daily Independent

      President Ramaphosa to attend launch of Phase 2 of Lesotho … – South African Government News Agency

      Rwanda: Red Cross Supports Cooperatives Owned By Refugees … – AllAfrica – Top Africa News

    • Uganda

      Uganda: We Should Have a Dialogue With Museveni – FDC Chairman – AllAfrica – Top Africa News

      era92 Fund Raises $425k to Empower Micro and Social Ventures in Uganda – Causeartist – Causeartist

      Tech ‘unicorns’ are still mythological in SA – ITWeb

      Uganda's net foreign assets register Shs29b increase – Monitor

    • MORE COUNTRIES
      • Burundi
      • Comoros
      • Djibouti
      • Eritrea
      • Ethiopia
      • Kenya
      • Madagascar
      • Malawi
      • Mauritius
      • Mozambique
      • Rwanda
      • Seychelles
      • Somalia
      • South Sudan
      • Tanzania
      • Uganda
      • Zambia
      • Zimbabwe
    • AFRICA
      Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

      Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

      BZR on Coinstore – a Significant Milestone for Bazaars

      BZR on Coinstore – a Significant Milestone for Bazaars

      Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

      Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

      أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

      أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

    • Press releases
      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

      A handful of walnuts a day may enhance cognitive development in adolescents

      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

      Pharmaceutical Manufacturing Equipment Market Set to Reach $19.7 Billion by 2028: Growth Projections and Industry Analysis

      Tunnel Field Effect Transistor Market to Hit USD 2.3 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

      Tunnel Field Effect Transistor Market to Hit USD 2.3 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

      Prosthetics Market to grow at a CAGR of 4.5 percent to reach USD 2.5 Bn by 2029

      Prosthetics Market to grow at a CAGR of 4.5 percent to reach USD 2.5 Bn by 2029

      Controlled Release Fertilizers Granules Market to reach USD 976.84 Mn by 2029, emerging at a CAGR of 8.2 percent for (2022-2029)

      Controlled Release Fertilizers Granules Market to reach USD 976.84 Mn by 2029, emerging at a CAGR of 8.2 percent for (2022-2029)

      Trending Tags

      Submit PR
      No Result
      View All Result
      TheEast-africana
      Submit PR
      Home Press Releases

      Passive Authentication Market Size Estimated to Reach $3.03 Billion by 2026

      admin by admin
      January 27, 2022
      in Press Releases
      Phototherapy Equipment Market Size Forecast to Reach $1.2 Billion by 2026
      Share on FacebookShare on Twitter


      (EMAILWIRE.COM, January 20, 2022 ) Passive Authentication Market size is estimated to reach $3.03 billion by 2026 and is projected to grow at a CAGR of 25.5% during the forecast period 2021-2026. Increasing penetration of IoTs and related digital age technologies such as Artificial intelligence, Big Data, Machine Learning is estimated to fuel the market. With the increasing transition towards digitalization in BFSI, the retail sector the growing demand for protecting digital data from cyber breaches to optimize compliance management and risk management is set to drive the market. The increasing adoption of online transactions has significantly triggered the demand for real-time passive authentication platforms. Adoption of passive authentication eliminating the need for password-based security models enables the organizations to verify and validate users analyzing precisely the behavioral authentication pattern to prevent forgery and such seamless, frictionless authentication techniques are analyzed to boost the market during 2021-2026. In October 2020, big banks such as Barclays, Citi, HSBC, National Australia Bank invested $20 Million in BioCatch to expand its behavioral biometric business and thus accelerating the market growth.

      Passive Authentication Market Segment Analysis – By Deployment

      By deployment, Passive Authentication Market has been segmented under cloud and on-premise. Cloud Segment and is estimated to be the fastest-growing market during the forecast period 2021-2026 owing to reduced operational cost and higher scalability. The increasing adoption of cloud infrastructure in various business organizations has significantly triggered the growth of the market. Cloud-based deployment removes the hassle of maintaining and updating systems to fulfill business strategies. In cloud deployment, data synchronization can be done seamlessly from multiple sources as it provides the ability to communicate and share data more easily than on-premise. Moreover, advanced benefits of cloud deployment such as ease of deployment, and pay per usage model are analyzed to drive the market. In February 2021, Ping Identity launched biometric face-based onboarding solutions to secure account creation for remote users. Such developments are anticipated to boost the market during the forecast period 2021-2026.

      Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=500610

      Report Price: $ 4500 (Single User License)

      Passive Authentication Market Segment Analysis – By End User

      By end-user, Passive Authentication Market has been segmented under industrial, commercial, and residential sectors. The industrial sector is anticipated to account for the largest market share of 48% by 2026 due to the rising demand for verifying users to protect against sophisticated cyber-attacks. Among industrial sectors, BFSI sector is estimated to hold the major market share of 18% by 2026 owing to increasing demand for validating and verifying users to facilitate digital banking solutions. The increasing number of data breaches and sophisticated cyber-attacks have contributed to the growth of the market. Increasing penetration of remote workforce and BYOD trend are anticipated to boost the market. Retail and e-commerce is analyzed to be the fastest-growing market owing to a growing demand for authenticating users to protect their financial information by leveraging biometric solutions to enhance the consumer experience. In January 2021, South Korean bank Daegu bank announced to open checking and saving accounts through a fully digital process by leveraging Facephi’s facial recognition software. Such developments are anticipated to propel market growth during 2021-2026.

      Passive Authentication Market Segment Analysis – By Geography

      By geography, Passive Authentication Market has been segmented under North America, Europe, APAC, South America and RoW. North America dominated the market acquiring a share of 36% in 2020 and is estimated to hold the major market share with a CAGR 14.67% during 2021-2026 owing to high investment towards advanced security techniques and early adoption of biometrics and behavioral analysis. In December 2020, Mexico passed a new law to enable creating a database with the personal data including biometrics for the entire population of the country. APAC is estimated to be the fastest growing market during the forecast period 2021-2026 with a CAGR 16.3% owing to the shift towards digitalization and growing demand for the prevention of digital forgery and cyber-crime. For instance, from December 2020 onwards, Singapore citizens can use facial recognition authentication to access online Government services. In December 2020, Malaysia based eKYC firm Wise AI announced to raise a fund of an undisclosed amount to expand the digital identity solution based on face recognition technology in South-East Asia. Such developments and investments are analyzed to drive the market during 2021-2026 in this region.

      Passive Authentication Market Drivers

      Growing demand for quick and secure digital transaction

      The increasing convergence of BFSI sector with digitalization to deliver reliable, secure, and seamless services to achieve enhanced customer experience is estimated to drive the market during the forecast period 2021-2026. The banking sector holds a large volume of sensitive and confidential financial data that must be protected to avoid data breaches and cyber-attacks. Combining Behavioral Biometrics with Machine Learning and Risk Assessment, the passive authentication platforms enable connected customers to experience a robust and convenient digital banking operation. Rising demand for correlative authentication has contributed to the growth of the market. Increasing security concerns among the banks and the consumers regarding information leakage or false data injection have significantly triggered the growth of the market. In October, 2020 Elco Federal Credit Union announced to deploy Enacommpassive biometric voice recognition technology for personalized and intelligent customer interaction to verify and validate their users. Such developments are set to drive the market during 2021-2026.

      Increasing adoption of Biometric System for forgery prevention

      Increasing penetration of biometric authentication using biological characteristics to verify and validate users’ identity to prevent cyber-crimes such as identity theft, data breaches are set to drive the market during the forecast period2021-2026. Growing demand for behavioral biometric pattern analysis in online baking, the e-commerce sector has contributed to the growth of passive authentication market.With the advancements in biometric authentication such as the development of gait recognition, mouse biometrics, keystroke dynamics the demand for passive authentication is analyzed to gain huge traction during 2021-2026. In February 2020, Mastercard announced to work with transport organizations to develop a gait authentication system for developing digital transit fares as an alternative to physical transit fares.

      Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=500610

      Passive Authentication Market Challenges

      Biometric data security concerns

      Enterprises that adopt biometric authentication lead to data breaches owing to misconfigured databases and services and thus hampering the adoption. Collection or storage of biometrics should be under strict and stringent regulations as databases of biometric information have become targets for cyber-terrorists or hackers. Various incidents of unauthorized access or identity thefts such as fingerprint cloning are analyzed to impede the market growth during the forecast period 2021-2026. However, significant investments in cybersecurity is set to offset this challenge and promote healthy growth during the later stages of the forecast period 2021-2026.

      Passive Authentication Market Landscape

      Technology launches, acquisitions, Partnerships, and R&D activities are key strategies adopted by players in the Passive Authentication market. In 2020, the market of Passive Authentication industry outlook has been fragmented by several companies. Passive Authentication top 10 companies include Cisco Systems Inc., BioCatch Ltd., NEC Corporation, IBM Corporation, Aware Inc., Equifax Inc., Truststamp Inc., Jumio, RSA Security LLC, Typing DNA among others.

      Acquisitions/Technology Launches

      In December 2020, NEC completed the acquisition of Avaloq to expand digital business solutions and wealth management platforms.

      In February 2020, BioCatch announced the completion of acquisition Aimbrain’s multi modal biometric authentication platform.

      In September 2019, NEC Corporation announced to start working with Japanese banks for deployment of biometric authentication at ATMs.

      Key Takeaways

      Cloud the segment is analyzed to be the fastest-growing market during 2021-2026 due to reduced operational costs and hassle-free systems to fulfill digital business strategies.

      BFSI the sector is estimated to hold the largest market share during the forecast period 2021-2026 due to the rapid penetration of digitalization in this sector.

      North America is estimated to dominate the market during 2021-2026 owing to high investments towards advanced security platforms.

      Increasing penetration of digital banking and rising demand for preventing forgery are estimated to drive the market between 2021 and 2026.

      Biometric data security issues are one of the challenges impeding the growth of the market.

      Related Reports

      A.Risk-based Authentication Market

      https://www.industryarc.com/Research/Risk-based-Authentication-Market-Research-500897

      B.Out Of Band Authentication Market

      https://www.industryarc.com/Research/Out-Of-Band-Authentication-Market-Research-510346

      For more Information and Communications Technology Market reports, please click here

      About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



      Source link

      Previous Post

      Rachele Royale and Jackie Vae Bring the Jams at ArtBarLA

      Next Post

      Polymer Ingredients in Personal Care Market Size to Grow at a CAGR of 3.8% During 2021-2026

      Related Posts

      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين
      Press Releases

      A handful of walnuts a day may enhance cognitive development in adolescents

      May 23, 2023
      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين
      Press Releases

      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

      May 23, 2023
      Tunnel Field Effect Transistor Market to Hit USD 2.3 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation
      Press Releases

      Tunnel Field Effect Transistor Market to Hit USD 2.3 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

      May 22, 2023
      Prosthetics Market to grow at a CAGR of 4.5 percent to reach USD 2.5 Bn by 2029
      Press Releases

      Prosthetics Market to grow at a CAGR of 4.5 percent to reach USD 2.5 Bn by 2029

      May 22, 2023
      Controlled Release Fertilizers Granules Market to reach USD 976.84 Mn by 2029, emerging at a CAGR of 8.2 percent for (2022-2029)
      Press Releases

      Controlled Release Fertilizers Granules Market to reach USD 976.84 Mn by 2029, emerging at a CAGR of 8.2 percent for (2022-2029)

      May 22, 2023
      Press Releases

      Data Science Platform Market Segmented by Product, Top Manufacturers, Geography Trends & Growth Opportunity to 2026

      May 22, 2023

      Discussion about this post

      LATEST NEWS

      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

      A handful of walnuts a day may enhance cognitive development in adolescents

      May 23, 2023
      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

      May 23, 2023

      Gem trader HB Antwerp eyes African diamonds after Botswana pact … – London South East

      May 22, 2023

      Police senior command students in Botswana for external study tour – Taarifa News

      May 22, 2023

      About

      The East Africana™ reports and aggregates business, socio-economic, Tech and industrial news on Southern African countries.

      We provide press release distribution to media outlets in Africa including Botswana, Eswatini, Lesotho, Namibia and South Africa. Submit a press release or contact us today.

      Categories

      ETHIOPIA

      KENYA

      RWANDA

      UGANDA

      MORE COUNTRIES

      AFRICA

      PRESS RELEASES

      Recent Post

      Recent Posts
      • A handful of walnuts a day may enhance cognitive development in adolescents
      • إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين
      • Gem trader HB Antwerp eyes African diamonds after Botswana pact … – London South East

      Subscribe to Our Newsletter

        Share Us

        Share on facebook
        Share on twitter
        Share on linkedin
        Share on pinterest

        Contact Us

        • +1 832 716 2363
        • +12816454086
        • Email: Email Us
        • Skype: groupwebmedia
        The East Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC
        No Result
        View All Result
        • Ethiopia
        • Kenya
        • Rwanda
        • Uganda
        • MORE COUNTRIES
          • Burundi
          • Comoros
          • Djibouti
          • Eritrea
          • Ethiopia
          • Kenya
          • Madagascar
          • Malawi
          • Mauritius
          • Mozambique
          • Rwanda
          • Seychelles
          • Somalia
          • South Sudan
          • Tanzania
          • Uganda
          • Zambia
          • Zimbabwe
        • AFRICA
        • Press releases

        Share on facebook
        Share on twitter
        Share on linkedin
        Share on pinterest
        © 2023 The-East-Africana