• About us
  • Contact Us
  • Submit a Press Release
Monday, January 30, 2023
South-Africana
No Result
View All Result
Submit a Press Release
  • Gambia

    The Republic of Gambia’s measures to combat money laundering and terrorist financing

    Education Column: A Brief History of Education in The Gambia – Dr Cherno Omar Barry

    President Barrow Applauds Islamic Development Bank Support to The Gambia –

    Global Banking – Finance Awards® 2022

  • Ghana

    Pandemic control shift seen as economic boon

    Finance Minister may attempt to woo individual bondholders with new terms – Martin Kpebu

    Pandor calls on MTN, Ghana to resolve R13.3-billion tax dispute

    Dr. Akoto, Ghana's President in Waiting and the Backbone of Ghana's Economy Cometh – Modern Ghana

  • Niger

    MOFI: Nigeria’s strategic vision for sustainable economic recovery

    CHAN 2023: Galaxies, Niger battle for semis slot tonight

    New Naira Notes Not Targeted At The Poor – President Muhammadu Buhari

    Ghana, Nigeria, and Kenya lead 25% growth in finance app installs

  • Nigeria

    World Bank Recommends Mixed Reforms To Reduce Nigeria’s Economic Shocks

    Godwin Emefiele: Softly, softly

    Nigeria, India unveil millet production to tackle food insecurity

    DANGOTE REFINERY AND THE NIGERIAN ECONOMY – THISDAY Newspapers

  • More Countries
    • Benin
    • Burkina Faso
    • Cape Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Ivory Coast
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Senegal
    • Sierra Leone
    • Togo
  • AFRICA
    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

  • Press releases
    Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

    Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

    CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

    CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

    UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

    UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

    Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

    Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

    Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

    Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

    Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

    Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

    Trending Tags

    • Gambia

      The Republic of Gambia’s measures to combat money laundering and terrorist financing

      Education Column: A Brief History of Education in The Gambia – Dr Cherno Omar Barry

      President Barrow Applauds Islamic Development Bank Support to The Gambia –

      Global Banking – Finance Awards® 2022

    • Ghana

      Pandemic control shift seen as economic boon

      Finance Minister may attempt to woo individual bondholders with new terms – Martin Kpebu

      Pandor calls on MTN, Ghana to resolve R13.3-billion tax dispute

      Dr. Akoto, Ghana's President in Waiting and the Backbone of Ghana's Economy Cometh – Modern Ghana

    • Niger

      MOFI: Nigeria’s strategic vision for sustainable economic recovery

      CHAN 2023: Galaxies, Niger battle for semis slot tonight

      New Naira Notes Not Targeted At The Poor – President Muhammadu Buhari

      Ghana, Nigeria, and Kenya lead 25% growth in finance app installs

    • Nigeria

      World Bank Recommends Mixed Reforms To Reduce Nigeria’s Economic Shocks

      Godwin Emefiele: Softly, softly

      Nigeria, India unveil millet production to tackle food insecurity

      DANGOTE REFINERY AND THE NIGERIAN ECONOMY – THISDAY Newspapers

    • More Countries
      • Benin
      • Burkina Faso
      • Cape Verde
      • Gambia
      • Ghana
      • Guinea
      • Guinea-Bissau
      • Ivory Coast
      • Liberia
      • Mali
      • Mauritania
      • Niger
      • Nigeria
      • Senegal
      • Sierra Leone
      • Togo
    • AFRICA
      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

      NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    • Press releases
      Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

      Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

      CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

      CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

      UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

      UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

      Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

      Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

      Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

      Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

      Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

      Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

      Trending Tags

      Submit a Press Release
      No Result
      View All Result
      West-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

      CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.
      Press Releases

      CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

      January 28, 2023
      UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period
      Press Releases

      UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

      January 28, 2023
      Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.
      Press Releases

      Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

      January 28, 2023
      Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period
      Press Releases

      Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

      January 27, 2023
      Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.
      Press Releases

      Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

      January 27, 2023
      Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period
      Press Releases

      Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

      January 27, 2023

      Discussion about this post

      LATEST NEWS

      The Republic of Gambia’s measures to combat money laundering and terrorist financing

      January 30, 2023

      Education Column: A Brief History of Education in The Gambia – Dr Cherno Omar Barry

      January 30, 2023

      President Barrow Applauds Islamic Development Bank Support to The Gambia –

      January 30, 2023

      Pandemic control shift seen as economic boon

      January 30, 2023

      About

      West Africana™ reports and aggregates business, socio-economic, Tech and industrial news on Western African countries.

      We provide press release distribution to media outlets in Africa including Gambia, Ghana, Niger, Nigeria and  Africa. To submit a press release today, contact us.

      Categories

      GAMBIA

      GHANA

      NIGER

      NIGERIA

      AFRICA

      PRESS RELEASES

      MORE COUNTRIES

      Recent Post

      Recent Posts
      • The Republic of Gambia’s measures to combat money laundering and terrorist financing
      • Education Column: A Brief History of Education in The Gambia – Dr Cherno Omar Barry
      • President Barrow Applauds Islamic Development Bank Support to The Gambia –
      • Pandemic control shift seen as economic boon

      Subscribe to Our Newsletter

        Share Us

        Share Us

        • +1 832 716 2363
        • +12816454086
        • Email: Email Us
        • Skype: groupwebmedia

        West Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

        No Result
        View All Result
        • Gambia
        • Ghana
        • Niger
        • Nigeria
        • More Countries
          • Benin
          • Burkina Faso
          • Cape Verde
          • Gambia
          • Ghana
          • Guinea
          • Guinea-Bissau
          • Ivory Coast
          • Liberia
          • Mali
          • Mauritania
          • Niger
          • Nigeria
          • Senegal
          • Sierra Leone
          • Togo
        • AFRICA
        • Press Releases
        • About us
          • Submit Press Release
          • Contact Us

        West Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC