Passive Authentication Market to Reach $4.09 Billion, Globally, by 2027 at 22.7% CAGR: Allied Market Research
According to the report, the global passive authentication industry generated $796 million in 2019, and is estimated to reach $4.09 billion by 2027, witnessing a CAGR of 22.7% from 2020 to 2027.
- According to the report, the global passive authentication industry generated $796 million in 2019, and is estimated to reach $4.09 billion by 2027, witnessing a CAGR of 22.7% from 2020 to 2027.
- Rise in demand for passive authentication in modern-day businesses, improvement in user accessibility, and time-saving benefits are factors that drive the growth of the global passive authentication market.
- On the other hand, advanced passive authentication techniques and rise in issues of fraud detection and identification create new opportunities in the coming years.
- The need for passive authentication increased during the Covid-19 pandemic with adoption of the "work from home" strategy in organizations.