#FIDO Authentication Market Growth

[differenttimemachinecrusade]

FIDO Authentication Market Size, Share, and Business Outlook 2032

The FIDO Authentication Market Size was USD 1.5 billion in 2023 and is expected to Reach USD 9.90 billion by 2032 and grow at a CAGR of 23.33% over the forecast period of 2024-2032.

FIDO Authentication Market is expanding rapidly as organizations shift toward passwordless authentication solutions to enhance security and user experience. The rise in cyber threats, phishing attacks, and data breaches has accelerated the demand for FIDO (Fast Identity Online) standards. Leading companies and governments are adopting FIDO-based authentication to eliminate reliance on traditional passwords.

FIDO Authentication Market continues to gain traction as businesses prioritize secure and frictionless authentication methods. With biometric authentication, hardware security keys, and mobile-based authentication becoming mainstream, FIDO protocols provide a robust framework for ensuring password-free security. The adoption of FIDO2 and WebAuthn standards is driving the market forward, reducing authentication vulnerabilities and improving compliance with regulatory requirements.

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Market Keyplayers:

Yubico (YubiKey)

Auth0 (Identity Platform)

Okta (Okta Adaptive Authentication)

Gemalto (Thales) (SafeNet Trusted Access)

Microsoft (Windows Hello)

Google (Google Authenticator)

Apple (Apple Face ID, Touch ID)

Mastercard (ID Check Mobile)

Amazon Web Services (AWS) (AWS Cognito)

Ping Identity (PingOne)

SecureAuth (SecureAuth Identity Platform)

Ubisoft (Ubisoft Connect Authentication)

Duo Security (Duo Push)

(RSA SecurID)

BioConnect (BioConnect Authentication Platform)

Vasco Data Security (Digipass for FIDO)

OneLogin (OneLogin Adaptive Authentication)

Trustonic (Trustonic Secure User Authentication)

Deep Identity (Deep Identity Authentication Services)

HID Global (HID Approve, FIDO2 Authentication)

Market Trends Driving Growth

1. Increasing Adoption of Passwordless Authentication

Organizations are moving away from traditional passwords due to security concerns. FIDO authentication leverages biometrics, public key cryptography, and hardware-based security to provide a seamless login experience.

2. Expansion of Multi-Factor Authentication (MFA)

With cyberattacks on the rise, businesses are integrating FIDO-based authentication into their MFA strategies. This approach enhances security by combining biometric authentication with cryptographic keys.

3. Government Regulations and Compliance

Regulatory bodies are pushing for stronger authentication frameworks. FIDO standards align with global compliance requirements such as PSD2, GDPR, and Zero Trust security models.

4. Growth in Enterprise and Consumer Adoption

Enterprises, financial institutions, and tech companies are implementing FIDO authentication to enhance security while improving user convenience. Consumers are also embracing passwordless authentication through mobile devices and security keys.

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Market Segmentation:

By Component

FIDO Authentication Devices

FIDO Authentication SDKs

FIDO Client SDK

FIDO Server SDK

Services

Technology Consulting

Integration & Deployment

FIDO Certification Services

Support Services

By Application

Payment Processing

PKI/Credential Management

Document Signing

User Authentication

Others

By Industry Vertical

BFSI

Healthcare & Life Sciences

IT & Telecom

Retail & CPG

Government & Defense

Energy & Utilities

Market Analysis and Current Landscape

Key factors influencing market growth include:

Rise in Cyber Threats: As phishing and credential theft increase, businesses are seeking more secure authentication solutions.

Advancements in Biometrics and Hardware Security: Fingerprint, facial recognition, and hardware-based authentication (e.g., YubiKey) are gaining widespread adoption.

Tech Giants Driving Adoption: Companies like Google, Microsoft, and Apple are integrating FIDO authentication into their platforms, making it a global standard.

Regulatory Push for Strong Authentication: Governments worldwide are enforcing stronger authentication measures to mitigate cyber risks.

Despite the positive outlook, challenges such as interoperability issues, integration complexities, and user adoption barriers remain. However, ongoing innovations in authentication technology are addressing these concerns.

Future Prospects: The Road Ahead

1. Expansion Across Industries

FIDO authentication is expected to witness significant adoption in banking, healthcare, e-commerce, and enterprise security as businesses prioritize cybersecurity.

2. Growth of Decentralized Authentication

The rise of decentralized identity solutions and blockchain-based authentication will further enhance the security and privacy of FIDO-based authentication systems.

3. Enhanced User Experience with AI and ML

AI-driven authentication and behavioral biometrics will refine FIDO implementations, reducing friction for users while maintaining high security.

4. Adoption of WebAuthn and FIDO2 in IoT Security

With the growing number of IoT devices, FIDO authentication will play a key role in securing connected ecosystems, preventing unauthorized access.

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Conclusion

The FIDO Authentication Market is set for exponential growth as businesses, governments, and consumers embrace passwordless authentication. With rising cyber threats and stricter regulations, FIDO standards are becoming the preferred choice for secure and user-friendly authentication. As technology advances, FIDO authentication will continue to evolve, providing a robust foundation for the future of digital security.

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[rohitpalan]

FIDO Authentication Industry Hits $1.24 Billion in 2023, Set to Soar to $12.06 Billion by 2033

The FIDO Authentication Market has witnessed remarkable growth, with the total revenue reaching US$ 1,238.6 million in 2022. This impressive growth trajectory is projected to continue, with the market expected to surge to US$ 12,059.7 million by 2033, reflecting a robust Compound Annual Growth Rate (CAGR) of 23.1% from 2023 to 2033.

Get Sample Copy of this Report at: https://www.futuremarketinsights.com/reports/sample/rep-gb-12485

Drivers and Opportunities:

The market’s expansion is driven by several factors, including the increasing adoption of FIDO authentication solutions across various industries. The rising concerns over cybersecurity threats have prompted organizations to seek robust authentication methods, further fueling market growth. Additionally, the growing popularity of biometric authentication methods and the proliferation of mobile devices are providing lucrative opportunities for market players to innovate and expand their offerings.

Competitive Landscape – Regional Trends:

The FIDO Authentication Market is highly competitive, with key players constantly innovating to maintain their market position. Regional trends indicate that North America dominates the market, owing to a high concentration of tech-savvy enterprises and stringent security regulations. Europe follows closely behind, driven by increasing awareness of data security. Meanwhile, the Asia-Pacific region presents significant growth potential due to the rapid digitalization of economies and the need for robust authentication solutions.

Restraints:

Despite its rapid growth, the market faces certain limitations, including concerns related to user privacy and data protection. Striking a balance between stringent security measures and user convenience remains a challenge for market players. Moreover, the high initial costs associated with implementing FIDO authentication solutions may hinder adoption among smaller enterprises.

Region-wise Insights – Category-wise Insights:

Regionally, North America leads the FIDO Authentication Market, with a substantial share of the global market. Within categories, biometric authentication solutions are gaining prominence due to their accuracy and user-friendliness. Moreover, the healthcare and financial sectors are witnessing substantial adoption of FIDO authentication, driven by the need for secure access to sensitive data.

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Competitive Landscape

As organizations around the world are challenged in controlling dynamic and hybrid IT environment, the need for secure mobile or online applications without compromising user convenience is increasing continuously.

Owing to this, most of the leading players in the FIDO authentication technology are coming with advanced and innovative solutions that meets the ever-changing demand from organizations for advanced security and privacy concerns.

In January 2021, Aware, Inc. announced the launch of AwareABIS, an automated biometric identification system (ABIS) used for large-scale biometric identification and deduplication. Designed to serve among 1-30 million identities or more, AwareABIS supports fingerprint, face and iris modalities, and features a modular architecture that helps security teams configure and optimize the system for civil or criminal applications.

FIDO Authentication Outlook by Category

By Solution:

FIDO U2F Authentication Devices

FIDO Authentication SDKs

FIDO Client SDK

FIDO Server SDK

Services

Technology Consulting

Integration & Deployment

FIDO Certification Services

Support Services

By Application:

Payment Processing

PKI/Credential Management

Document Signing

User Authentication

Others

By Industry:

BFSI

Healthcare & Life Sciences

IT & Telecom

Retail & CPG

Government & Defense

Energy & Utilities

Others

By Region:

North America

Latin America

Europe

East Asia

South Asia & Pacific

Middle East and Africa

[sagarg889]

Cloud Authentication Market Share, Development by Companies Outlook, Growth Prospects & Key Opportunities by 2022-2032

A recent market analysis by Future Market Insights predicts that the cloud authentication market is worth US$ 11,279.2 million in 2022. Over the projection period, a CAGR of 14.4% is expected to be achieved in the market.

The BFSI industry is among those with the highest information sensitivity. Cloud authentication is being aggressively adopted by the sector to safeguard client data and guard against fraud and data breaches.

Most telecom and IT organizations are embracing the Bring Your Own Device (BYOD) trend, which is anticipated to accelerate the market for cloud authentication as a service. E-commerce is also among the most cost-conscious industries and one of the companies that hackers target the most owing to the possibility for payments and the vast amount of financial transactions made using credit and debit cards.

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Adopting cloud authentication is therefore seen as the most secure choice for companies.

Over the years, both large enterprises and SMEs have primarily used cloud authentication. Features like automatic user account provisioning, workflow and self-service management, Single Sign-On (SSO), password management, and access governance are useful for large enterprises.

However, the more authentication elements there are, the longer it takes to complete a single task. Fraudsters can also quickly obtain a user's physical sim card and access IDs by using methods like sim swapping or switching. These factors are anticipated to restrict the growth of the cloud authentication market.

Key Takeaways

The cloud authentication market is likely to have a CAGR of 14.4% during the forecast period.

Historically, the cloud authentication market had a CAGR of 12.6% between 2017-2021.

The value of the cloud authentication market is expected to be US$ 12,753.4 million by 2032.

Based on type, the multifactor authentication segment has a 68% share in the cloud authentication market.

Based on the enterprise size, the very large enterprise (1000+ employees) dominated the market share by 26% in 2021.

North America dominated the cloud authentication market with a share of 32.9% in 2021.

During the forecast period, the cloud authentication market in South Asia & Pacific is likely to showcase the growth of 22.5%.

Immense Prospects For Major Key Players

IBM, Microsoft, CA. Inc, Secureworks Inc, Oracle Corporation, Intel Corporation, Onelogin Inc, Hewlett Packard Enterprise Development LP, Sailpoints Technology Holdings Inc, and Ping Identity are some of the major players in the cloud authentication market.

Manufacturers must focus on creating linked production processes that allow them to pinpoint potential growth opportunities and create new revenue streams.

IBM released the security IAM suite V1.0 in August 2020. Access manager, security identity governance and intelligence, security directory suite, and security identity manager are among the security tools included in the latest version.

Oracle released an improved version of their IAM solutions in November 2020. (Oracle Identity Cloud Service). It enables typical IDaaS use cases, including social login, password-less login, strong and adaptive authentication, bidirectional synchronization to on-prim, and others.

The creation and advancement of open standards for safe authentication are the main objectives of a worldwide business organization known as the FIDO Alliance.

Key Players

IBM

Microsoft

CA. Inc

Secureworks Inc.

Oracle corporation

Intel Corporation

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Key segments

By Type:

Single

Multifactor

By Enterprise Size:

Small Offices (1-9 employees)

Small Enterprises (10-99 employees)

Medium-sized enterprise (100-499 employees)

Large Enterprises (500-999 employees)

Very Large Enterprises (1000+ employees)

By Industry:

Service

Distribution Services

Public Sector

Finance

Manufacturing Resources

Infrastructure

By Region:

North America

Latin America

Europe

East Asia

South Asia and Pacific

Middle East & Africa

[pallavi24]

PSD2 and Open Banking Biometric Authentication Market Insights 2021, Global Analysis and Forecast to 2027

A significant PSD2 and Open Banking Biometric Authentication  market research study helps in planning by providing accurate and state-of-the-art information about the consumer’s demands, preferences, attitudes and their changing tastes about the specific product. It estimates the market share and possible sales volume of a client company. The industry report makes familiar with the types of consumers, their views about the product, their buying intentions and their ideas for the step up of a product. Moreover, PSD2 and Open Banking Biometric Authentication market analysis report discovers the better and new methods to distribute the products to consumers and also recognizes the extent of the marketing problems.

 Get Sample Copy of Report@ https://extrapolate.com/sample/Information-Technology-Communication-IoT/PSD2-and-Open-Banking-Biometric-Authentication/7311

 There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.

For competitor segment, the report includes global key players of PSD2 and Open Banking Biometric Authentication as well as some small players. At least 10 companies are included:

·         Nok Nok Labs

·         Apple

·         Gemalto

·         Iritech,Inc.

·         The FIDO Alliance

·         VoiceVault

 A trustworthy PSD2 and Open Banking Biometric Authentication market research report guides the manufacturer about planning of advertising and sales promotion efforts thereby making it more effective. It not only restrains the risks of ambiguity but also assists in taking sound decisions. Furthermore, the market report helps keep hold of reputation of the firm and its products. Whether it is about the product, customer, competitor or marketing strategy, market research analysis report helps drive the business in a right direction. To gain competitive advantage and to thrive in the market, go for PSD2 and Open Banking Biometric Authentication market report.

 For product type segment, this report listed main product type of PSD2 and Open Banking Biometric Authentication market in global and china.

·         Type 1

·         Type 2

For end use/application segment, this report focuses on the status and outlook for key applications. End users are also listed.

·         Bank

·         Other

Globalization makes it clear that market research report hold an immense importance for the growth of many businesses. The wide ranging PSD2 and Open Banking Biometric Authentication market document proves to be true in this regard and is designed in a way that is anticipated. It’s the demand or necessity of today’s business to do market research analysis before taking any verdict about the products. This is the transparent market report which has been structured with authentic tools and techniques. The market research analysis conducted in the winning PSD2 and Open Banking Biometric Authentication market report helps improve product and also decide about the necessary changes to the future products.

[rohitpalan]

FIDO Authentication Industry Hits $1.24 Billion in 2022, Set to Soar to $12.06 Billion by 2033

The FIDO Authentication Market has witnessed remarkable growth, with the total revenue reaching US$ 1,238.6 million in 2022. This impressive growth trajectory is projected to continue, with the market expected to surge to US$ 12,059.7 million by 2033, reflecting a robust Compound Annual Growth Rate (CAGR) of 23.1% from 2023 to 2033.

Get Sample Copy of this Report at: https://www.futuremarketinsights.com/reports/sample/rep-gb-12485

Drivers and Opportunities:

The market’s expansion is driven by several factors, including the increasing adoption of FIDO authentication solutions across various industries. The rising concerns over cybersecurity threats have prompted organizations to seek robust authentication methods, further fueling market growth. Additionally, the growing popularity of biometric authentication methods and the proliferation of mobile devices are providing lucrative opportunities for market players to innovate and expand their offerings.

Competitive Landscape – Regional Trends:

The FIDO Authentication Market is highly competitive, with key players constantly innovating to maintain their market position. Regional trends indicate that North America dominates the market, owing to a high concentration of tech-savvy enterprises and stringent security regulations. Europe follows closely behind, driven by increasing awareness of data security. Meanwhile, the Asia-Pacific region presents significant growth potential due to the rapid digitalization of economies and the need for robust authentication solutions.

Restraints:

Despite its rapid growth, the market faces certain limitations, including concerns related to user privacy and data protection. Striking a balance between stringent security measures and user convenience remains a challenge for market players. Moreover, the high initial costs associated with implementing FIDO authentication solutions may hinder adoption among smaller enterprises.

Region-wise Insights – Category-wise Insights:

Regionally, North America leads the FIDO Authentication Market, with a substantial share of the global market. Within categories, biometric authentication solutions are gaining prominence due to their accuracy and user-friendliness. Moreover, the healthcare and financial sectors are witnessing substantial adoption of FIDO authentication, driven by the need for secure access to sensitive data.

Request for Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-12485

Competitive Landscape

As organizations around the world are challenged in controlling dynamic and hybrid IT environment, the need for secure mobile or online applications without compromising user convenience is increasing continuously.

Owing to this, most of the leading players in the FIDO authentication technology are coming with advanced and innovative solutions that meets the ever-changing demand from organizations for advanced security and privacy concerns.

In January 2021, Aware, Inc. announced the launch of AwareABIS, an automated biometric identification system (ABIS) used for large-scale biometric identification and deduplication. Designed to serve among 1-30 million identities or more, AwareABIS supports fingerprint, face and iris modalities, and features a modular architecture that helps security teams configure and optimize the system for civil or criminal applications.

FIDO Authentication Outlook by Category

By Solution:

FIDO U2F Authentication Devices

FIDO Authentication SDKs

FIDO Client SDK

FIDO Server SDK

Services

Technology Consulting

Integration & Deployment

FIDO Certification Services

Support Services

By Application:

Payment Processing

PKI/Credential Management

Document Signing

User Authentication

Others

By Industry:

BFSI

Healthcare & Life Sciences

IT & Telecom

Retail & CPG

Government & Defense

Energy & Utilities

Others

By Region:

North America

Latin America

Europe

East Asia

South Asia & Pacific

Middle East and Africa

[marketsnmarkets39]

Passive Authentication Market top competitors within the market framework

Passive authentication solutions have been adopted by several companies across the globe to counter the growing need for the frictionless authentication among organizations. The increasing adoption of passive authentication solutions helps organizations adhere to the increasing government compliance and deliver enhanced user experience, which drives the passive authentication market growth. The strategic partnership, collaborations, and agreements is an important growth strategy adopted by the key market players to develop new services and gain traction in the passive authentication market. MarketsandMarkets expects the passive authentication market 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.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=151421257

The major vendors of 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). These players have adopted various growth strategies, such as partnerships, collaborations, and agreements; mergers and acquisitions; and new product developments, to grow in the passive authentication market.

NEC has a significant presence in the market and aspires to become the top market provider of passive authentication solutions by constant investments in R&D capabilities. In February 2018, NEC enhanced NeoFace Access Control, a facial recognition product that helps organizations authenticate users at entry and exit points. In April 2017, NEC launched NC7000-3A, a user data utilization platform software that uses the facial recognition software. Moreover, this platform ensures the security of data on mobile devices, and complies with the Fast Identity Online (FIDO) industry standards for authentication.

Gemalto is another top player in the passive authentication market. The company delivers software and other technologies to businesses and governments that help them authenticate identities and protect data. In May 2017, Gemalto partnered with Enfuce, a Finland-based financial services provider, to offer cost-effective, convenient, and strong customer authentication using mobile devices. This partnership helped Gemalto  leverage its Authentication-as-a-Service (AaaS) in the Nordic region.

Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/passive-authentication-market-151421257.html

[researchtrendingmarket-blog]

Automated Border Control Market Shows Strong Growth with Leading Players | Gemalto NV, IDEMIA, Dermalog, Identification Systems GmbH.

Automated Border Control Market are the solutions to the security at border crossing across the globe which is an integration of automated self-service barriers and biometric devices which hold the biographical data of an individual in order for verification of the passenger’s identity. E-Gates are used as automated border control systems at airports which are the physical form of gates that controls the immigration at failure of identity mismatch. These E-Gates use the data stored in biometric chip which tracks the facial, iris, fingerprint recognition modalities. This solution is used for enhancement in passenger’s travel and to raise the security boundaries at border control.

Asia Pacific automated border control market is expected to reach a healthy CAGR of 17.4% in the forecast period of 2019 to 2026.

 Get Sample Report at :

https://www.databridgemarketresearch.com/request-a-sample/?dbmr=asia-pacific-automated-border-control-market

Competitive Analysis: Asia Pacific Automated Border Control Market

Few of the major competitors currently working in Asia Pacific Automated Border Control Market are Secunet, IER, Gemalto NV, IDEMIA, Dermalog, Identification Systems GmbH, SITA, Cognitec Systems GmbH, Securiport LLC, Veridos, CrossMatch, HID Global Corporation, NEC Corporation, Indra Sistemas, Accenture, Gunnebo AB, Vision Box, Collins Aerospace, Aware, Inc., Vancouver Airport Authority, Atos SE and other.

 Key Pointers Covered in the Asia Pacific Automated Border Control Market Trends and Forecast to 2026

Asia Pacific   Automated Border Control Market New Sales Volumes

Asia Pacific   Automated Border Control  Market Replacement Sales Volumes

Asia Pacific   Automated Border Control Market Installed Base

Asia Pacific   Automated Border Control Market By Brands

Asia Pacific   Automated Border Control Market Size

Asia Pacific   Automated Border Control  Market Procedure Volumes

Asia Pacific   Automated Border Control Market Product Price Analysis

Asia Pacific   Automated Border Control Market Healthcare Outcomes

Asia Pacific   Automated Border Control Market Cost of Care Analysis

Asia Pacific   Automated Border Control Market Regulatory Framework and Changes

Asia Pacific   Automated Border Control Market Prices and Reimbursement Analysis

Asia Pacific   Automated Border Control Market Shares in Different Regions

Recent Developments for Asia Pacific   Automated Border Control Market Competitors

Asia Pacific   Automated Border Control Market Upcoming Applications

Asia Pacific   Automated Border Control Market Innovators Study

Get Detailed TOC:

https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-automated-border-control-market

Segmentation: Asia Pacific Automated Border Control Market

Asia Pacific automated border control market is segmented into three notable segments which are type, component and application.

On the basis of type, the market is segmented into ABC E-Gates and ABC Kiosks. In 2018, ABC E – Gates segment is growing with the highest CAGR of 18.3% in the forecast period of 2019 to 2026.

In September 2018, Aware’s and Knomi Mobile Biometric Voice and Face Authenticators have been certified by FIDO certified status which is going to grow its market value as a certification promotes the value of the product.

On the basis of component, the market is segmented into hardware, software and services. Hardware further segmented into document authentication system (DAS) and biometric verification system (BVS) and others (signature scanner and baggage scanner). Biometric verification system is further classified into face recognition, fingerprint recognition, IRIS recognition and other (palm print and vein). Services further divided into installation and maintenance. In 2018, hardware segment is growing with the highest CAGR of 18.0% in the forecast period of 2019 to 2026.

In October 2018, Vancouver Airport Authority has received Level 3 Airport Carbon Accreditation from Airports Council International. This recognition was achieved for its sustainability.

On the basis of application, the market is segmented into airport, land port and seaport. In 2018, airport segment is growing with the highest CAGR of 18.6% in the forecast period of 2019 to 2026.

In December 2018, Gemalto availed an order for Intesa Sanpaolo to supply the first mastercard biometric contactless payment card. This order will lead to more opportunities for the company to avail more such orders from different governments and organizations

 Inquire Before Buying:

https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=asia-pacific-automated-border-control-market

Research Methodology: Asia Pacific Industrial Services Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.

Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key Market players involved in this industry

Detailed analysis of the Market Segmentation

Competitive analysis of the key players involved

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.

Contact:

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Email: Sopan.gedam@databridgemarketresearch.com

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Flexible Sensors Market

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[supermarkettrends]

Automated Border Control Market Shows Strong Growth with Leading Players | Gemalto NV, IDEMIA, Dermalog, Identification Systems GmbH, SITA, Cognitec Systems GmbH.

Automated Border Control Market are the solutions to the security at border crossing across the globe which is an integration of automated self-service barriers and biometric devices which hold the biographical data of an individual in order for verification of the passenger’s identity. E-Gates are used as automated border control systems at airports which are the physical form of gates that controls the immigration at failure of identity mismatch. These E-Gates use the data stored in biometric chip which tracks the facial, iris, fingerprint recognition modalities. This solution is used for enhancement in passenger’s travel and to raise the security boundaries at border control.

Asia Pacific automated border control market is expected to reach a healthy CAGR of 17.4% in the forecast period of 2019 to 2026.

 Get Sample Report at :

https://www.databridgemarketresearch.com/request-a-sample/?dbmr=asia-pacific-automated-border-control-market

Competitive Analysis: Asia Pacific Automated Border Control Market

Few of the major competitors currently working in Asia Pacific Automated Border Control Market are Secunet, IER, Gemalto NV, IDEMIA, Dermalog, Identification Systems GmbH, SITA, Cognitec Systems GmbH, Securiport LLC, Veridos, CrossMatch, HID Global Corporation, NEC Corporation, Indra Sistemas, Accenture, Gunnebo AB, Vision Box, Collins Aerospace, Aware, Inc., Vancouver Airport Authority, Atos SE and other.

 Key Pointers Covered in the Asia Pacific Automated Border Control Market Trends and Forecast to 2026

Asia Pacific   Automated Border Control Market New Sales Volumes

Asia Pacific   Automated Border Control  Market Replacement Sales Volumes

Asia Pacific   Automated Border Control Market Installed Base

Asia Pacific   Automated Border Control Market By Brands

Asia Pacific   Automated Border Control Market Size

Asia Pacific   Automated Border Control  Market Procedure Volumes

Asia Pacific   Automated Border Control Market Product Price Analysis

Asia Pacific   Automated Border Control Market Healthcare Outcomes

Asia Pacific   Automated Border Control Market Cost of Care Analysis

Asia Pacific   Automated Border Control Market Regulatory Framework and Changes

Asia Pacific   Automated Border Control Market Prices and Reimbursement Analysis

Asia Pacific   Automated Border Control Market Shares in Different Regions

Recent Developments for Asia Pacific   Automated Border Control Market Competitors

Asia Pacific   Automated Border Control Market Upcoming Applications

Asia Pacific   Automated Border Control Market Innovators Study

Get Detailed TOC:

https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-automated-border-control-market

Segmentation: Asia Pacific Automated Border Control Market

Asia Pacific automated border control market is segmented into three notable segments which are type, component and application.

On the basis of type, the market is segmented into ABC E-Gates and ABC Kiosks. In 2018, ABC E – Gates segment is growing with the highest CAGR of 18.3% in the forecast period of 2019 to 2026.

In September 2018, Aware’s and Knomi Mobile Biometric Voice and Face Authenticators have been certified by FIDO certified status which is going to grow its market value as a certification promotes the value of the product.

On the basis of component, the market is segmented into hardware, software and services. Hardware further segmented into document authentication system (DAS) and biometric verification system (BVS) and others (signature scanner and baggage scanner). Biometric verification system is further classified into face recognition, fingerprint recognition, IRIS recognition and other (palm print and vein). Services further divided into installation and maintenance. In 2018, hardware segment is growing with the highest CAGR of 18.0% in the forecast period of 2019 to 2026.

In October 2018, Vancouver Airport Authority has received Level 3 Airport Carbon Accreditation from Airports Council International. This recognition was achieved for its sustainability.

On the basis of application, the market is segmented into airport, land port and seaport. In 2018, airport segment is growing with the highest CAGR of 18.6% in the forecast period of 2019 to 2026.

In December 2018, Gemalto availed an order for Intesa Sanpaolo to supply the first mastercard biometric contactless payment card. This order will lead to more opportunities for the company to avail more such orders from different governments and organizations

 Inquire Before Buying:

https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=asia-pacific-automated-border-control-market

Research Methodology: Asia Pacific Industrial Services Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.

Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key Market players involved in this industry

Detailed analysis of the Market Segmentation

Competitive analysis of the key players involved

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.

Contact:

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Tel: +1-888-387-2818

Email: Sopan.gedam@databridgemarketresearch.com

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Miracast Wireless Display Market

[wesagar1994]

Automated Border Control Market Analysis, growth with Top Manufactures and Business Opportunities

Automated Border Control Market Report is a collective informative report that goes through the fundamental characteristics of the Market Research Store, essential to be understood by the client including an expert. Automated Border Control market’s financial condition by taking into consideration various factors such supply chain, demand, size, manufacture analysis, forecast trends, share, production, sales, growth of Automated Border Control Markey By Few of the major competitors are Secunet, IER, Gemalto NV, IDEMIA, Dermalog, Identification Systems GmbH, SITA, Cognitec Systems GmbH, Securiport LLC, Veridos, CrossMatch, HID Global Corporation, NEC Corporation, Indra Sistemas, Accenture, Gunnebo AB, Vision Box, Collins Aerospace, Aware, Inc., Vancouver Airport Authority, Atos SE and other.

Global Automated Border Control Market is expected to reach a healthy CAGR of 18.1% in the forecast period of 2019 to 2026.

 Request a sample copy at: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-automated-border-control-market

The automated border control (ABC) systems are the solutions to the security at border crossing across the globe which is an integration of automated self-service barriers and biometric devices which hold the biographical data of an individual in order for verification of the passenger’s identity. E-Gates are used as automated border control systems at airports which are the physical form of gates that controls the immigration at failure of identity mismatch. These E-Gates use the data stored in biometric chip which tracks the facial, iris, fingerprint recognition modalities. This solution is used for enhancement in passenger’s travel and to raise the security boundaries at border control.

Segmentation: Global Automated Border Control Market

Global automated border control market is segmented into three notable segments which are type, component and application.

On the basis of type, the market is segmented into ABC E-Gates and ABC Kiosks. In 2018, ABC E – Gates segment is growing with the highest CAGR of 18.3% in the forecast period of 2019 to 2026.

In September 2018, Aware’s and Knomi Mobile Biometric Voice and Face Authenticators have been certified by FIDO certified status which is going to grow its market value as a certification promotes the value of the product.

On the basis of component, the market is segmented into hardware, software and services. Hardware further segmented into document authentication system (DAS) and biometric verification system (BVS) and others (signature scanner and baggage scanner). Biometric verification system is further classified into face recognition, fingerprint recognition, IRIS recognition and other (palm print and vein). Services further divided into installation and maintenance. In 2018, hardware segment is growing with the highest CAGR of 18.0% in the forecast period of 2019 to 2026.

In October 2018, Vancouver Airport Authority has received Level 3 Airport Carbon Accreditation from Airports Council International. This recognition was achieved for its sustainability.

On the basis of application, the market is segmented into airport, land port and seaport. In 2018, airport segment is growing with the highest CAGR of 18.6% in the forecast period of 2019 to 2026.

In December 2018, Gemalto availed an order for Intesa Sanpaolo to supply the first mastercard biometric contactless payment card. This order will lead to more opportunities for the company to avail more such orders from different governments and organizations

Table of Contents

Abstract: It comprises ten chapters of Automated Border Control Market research overview, major manufacturers included, market segmentation by various segments such as by application, by type, by share, study goal, and forecast years considered.

Market Size by Type: It includes analysis of production value market share, price, and production market share by type.

Market Size by Application: Automated Border Control market includes consumption analysis by application.

Market Share by key Vendors: Revenue, and price study are provided together with other chapters such as growth plans and merger and acquisition, products serves by key manufacturers and headquarters distribution.

Company Profiles and Sales Data: As the name suggests, these chapters provide the sales information of leading players of the global Automated Border Control Market. It elaborates on the gross margin, revenue, products, product specifications, type, applications, market competitors, price, and manufacturing base, the key business of leading players performing in the global Automated Border Control Market.

Market Forecast: In this section of the report, the authors have highlight on production value production value forecast by type and application.

Research Methodology and Conclusion: In this section specific procedures or techniques used to analyze information about Automated Border Control market is included.

Profiles of key players: Here, leading players of the worldwide Automated Border Control market are analyzed based on major products, revenue, price, gross margin, and production.

Market Sales Channel and Value Chain Analysis: It comprises customer, Automated Border Control market value chain distributor and sales channel study.

Appendix: Here, data triangulation, market breakdown, research programs, our information sources, and design, and our research approach.

Get Detailed TOC: @ https://www.databridgemarketresearch.com/toc/?dbmr=global-automated-border-control-market

The Global Automated Border Control market research report offers the predictable forecast market growth trend on the basis of past business strategy, current market growth patterns the market is following, and the different guidelines and strategies authorized by the organization, which have been affecting or could affect the market development. In general, the global Automated Border Control market report provides the complete and in-depth survey of the Automated Border Control market at the global level.

The Global Automated Border Control Market Research Report Scope

• The global Automated Border Control market research report elucidates the market characteristics—from market description to its regional analysis.

• Regional segmentation analysis has been thoroughly researched in the global Automated Border Control market research report.

• Competitive study of the global market is evaluated on production capability as well as production chain, along with the key Automated Border Control market.

• The global Automated Border Control market is also analyzed on the production size, product price, demand, supply information and income generated by goods.

• For thorough analysis of the global Automated Border Control market, multiple analysis parameters such as asset returns, market appearance analysis and the probability have been used.

Market Segment by Regions, regional analysis covers:

North America (USA, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Columbia, etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Have Any Query? Ask Our Experts @       https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-automated-border-control-market

Reasons for Buying this Automated Border Control Report

1. Automated Border Control market report aids in understanding the crucial product segments and their perspective.

2. Initial graphics and exemplified that a SWOT evaluation of large sections supplied from the Automated Border Control industry.

3. Even the Automated Border Control economy provides pin line evaluation of changing competition dynamics and retains you facing opponents.

4. This report provides a more rapid standpoint on various driving facets or controlling Automated Border Control promote advantage.

5. This worldwide Automated Border Control report provides a pinpoint test for shifting dynamics that are competitive.

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market

Contact:

Data Bridge Market Research

Tel: +1-888-387-2818

Email: Sopan.gedam@databridgemarketresearch.com

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[kiransharma123]

Global Automated Border Control Market - Recent Trends and Growth Opportunities by CAGR, Share, Revenue and Prominent Key Players Forecast till 2026

Global automated border control market is expected to reach a healthy CAGR of 18.1% in the forecast period of 2019 to 2026.

The Automated Border Control (ABC) systems are the solutions to the security at border crossing across the globe which is an integration of automated self-service barriers and biometric devices which hold the biographical data of an individual in order for verification of the passenger’s identity. E-Gates are used as automated border control systems at airports which are the physical form of gates that controls the immigration at failure of identity mismatch.

Competitive Analysis: Automated Border Control Market

Some of the major players operating in this market are

Secunet IER

Gemalto NV

IDEMIA

Dermalog

Identification Systems GmbH

SITA

Cognitec Systems GmbH

Securiport LLC

Veridos

CrossMatch

HID Global Corporation

NEC Corporation

Indra Sistemas

Accenture

Gunnebo AB

Vision Box

Collins Aerospace

Segmentation: Automated Border Control Market

Global automated border control market is segmented into three notable segments which are type, component and application.

On the basis of type, the market is segmented into ABC E-Gates and ABC Kiosks. In 2018, ABC E – Gates segment is growing with the highest CAGR of 18.3% in the forecast period of 2019 to 2026.

On the basis of component, the market is segmented into hardware, software and services. Hardware further segmented into document authentication system (DAS) and biometric verification system (BVS) and others (signature scanner and baggage scanner). Biometric verification system is further classified into face recognition, fingerprint recognition, IRIS recognition and other (palm print and vein). Services further divided into installation and maintenance. In 2018, hardware segment is growing with the highest CAGR of 18.0% in the forecast period of 2019 to 2026.

In September 2018, Aware’s and Knomi Mobile Biometric Voice and Face Authenticators have been certified by FIDO certified status which is going to grow its market value as a certification promotes the value of the product.

Recent Developments:

In December 2018, at the 5th Border Management and Identity Conference in Bangkok, secunet has presented its eID PKI (Public-Key Infrastructures) suite.

In December 2018, IDEMIA offered eSim connected watches to all its subscribers in Thailand by providing subscription management platform to dtac. This solution by Idemia is scalable for the continuously changing market trends to support dtac.

READ MORE

Contact:

Data Bridge Market Research

Email: info@databridgemarketresearch.com

Tel: +1-888-387-2818

[marketresearchblog1-blog]

Global Automated Border Control Market Report Competition by Manufacturers, Type and Application, Growth and Opportunities 2026

The Automated Border Control (ABC) systems are the solutions to the security at border crossing across the globe which is an integration of automated self-service barriers and biometric devices which hold the biographical data of an individual in order for verification of the passenger’s identity. E-Gates are used as automated border control systems at airports which are the physical form of gates that controls the immigration at failure of identity mismatch.

Global automated border control market is expected to reach a healthy CAGR of 18.1% in the forecast period of 2019 to 2026.

Segmentation: Automated Border Control Market

Global automated border control market is segmented into three notable segments which are type, component and application.

On the basis of type, the market is segmented into ABC E-Gates and ABC Kiosks. In 2018, ABC E – Gates segment is growing with the highest CAGR of 18.3% in the forecast period of 2019 to 2026.

On the basis of component, the market is segmented into hardware, software and services. Hardware further segmented into document authentication system (DAS) and biometric verification system (BVS) and others (signature scanner and baggage scanner). Biometric verification system is further classified into face recognition, fingerprint recognition, IRIS recognition and other (palm print and vein). Services further divided into installation and maintenance. In 2018, hardware segment is growing with the highest CAGR of 18.0% in the forecast period of 2019 to 2026.

In September 2018, Aware’s and Knomi Mobile Biometric Voice and Face Authenticators have been certified by FIDO certified status which is going to grow its market value as a certification promotes the value of the product.

Competitive Analysis: Automated Border Control Market

Some of the major players operating in this market are

Secunet IER

Gemalto NV

IDEMIA

Dermalog

Identification Systems GmbH

SITA

Cognitec Systems GmbH

Securiport LLC

Veridos

CrossMatch

HID Global Corporation

NEC Corporation

Indra Sistemas

Accenture

Gunnebo AB

Vision Box

Collins Aerospace

Recent Developments:

In December 2018, at the 5th Border Management and Identity Conference in Bangkok, secunet has presented its eID PKI (Public-Key Infrastructures) suite.

In December 2018, IDEMIA offered eSim connected watches to all its subscribers in Thailand by providing subscription management platform to dtac. This solution by Idemia is scalable for the continuously changing market trends to support dtac.

READ MORE

Contact:

Data Bridge Market Research

Email: Sales@databridgemarketresearch.com

Tel: +1-888-387-2818

[rohitpalan]

FIDO Authentication Market: Projected Revenue Surge by 2033

The FIDO Authentication Market has witnessed remarkable growth, with the total revenue reaching US$ 1,238.6 million in 2022. This impressive growth trajectory is projected to continue, with the market expected to surge to US$ 12,059.7 million by 2033, reflecting a robust Compound Annual Growth Rate (CAGR) of 23.1% from 2023 to 2033.

Get Sample Copy of this Report at: https://www.futuremarketinsights.com/reports/sample/rep-gb-12485

Drivers and Opportunities:

The market’s expansion is driven by several factors, including the increasing adoption of FIDO authentication solutions across various industries. The rising concerns over cybersecurity threats have prompted organizations to seek robust authentication methods, further fueling market growth. Additionally, the growing popularity of biometric authentication methods and the proliferation of mobile devices are providing lucrative opportunities for market players to innovate and expand their offerings.

Competitive Landscape – Regional Trends:

The FIDO Authentication Market is highly competitive, with key players constantly innovating to maintain their market position. Regional trends indicate that North America dominates the market, owing to a high concentration of tech-savvy enterprises and stringent security regulations. Europe follows closely behind, driven by increasing awareness of data security. Meanwhile, the Asia-Pacific region presents significant growth potential due to the rapid digitalization of economies and the need for robust authentication solutions.

Restraints:

Despite its rapid growth, the market faces certain limitations, including concerns related to user privacy and data protection. Striking a balance between stringent security measures and user convenience remains a challenge for market players. Moreover, the high initial costs associated with implementing FIDO authentication solutions may hinder adoption among smaller enterprises.

Region-wise Insights – Category-wise Insights:

Regionally, North America leads the FIDO Authentication Market, with a substantial share of the global market. Within categories, biometric authentication solutions are gaining prominence due to their accuracy and user-friendliness. Moreover, the healthcare and financial sectors are witnessing substantial adoption of FIDO authentication, driven by the need for secure access to sensitive data.

Request for Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-12485

Competitive Landscape

As organizations around the world are challenged in controlling dynamic and hybrid IT environment, the need for secure mobile or online applications without compromising user convenience is increasing continuously.

Owing to this, most of the leading players in the FIDO authentication technology are coming with advanced and innovative solutions that meets the ever-changing demand from organizations for advanced security and privacy concerns.

In January 2021, Aware, Inc. announced the launch of AwareABIS, an automated biometric identification system (ABIS) used for large-scale biometric identification and deduplication. Designed to serve among 1-30 million identities or more, AwareABIS supports fingerprint, face and iris modalities, and features a modular architecture that helps security teams configure and optimize the system for civil or criminal applications.

FIDO Authentication Outlook by Category

By Solution:

FIDO U2F Authentication Devices

FIDO Authentication SDKs

FIDO Client SDK

FIDO Server SDK

Services

Technology Consulting

Integration & Deployment

FIDO Certification Services

Support Services

By Application:

Payment Processing

PKI/Credential Management

Document Signing

User Authentication

Others

By Industry:

BFSI

Healthcare & Life Sciences

IT & Telecom

Retail & CPG

Government & Defense

Energy & Utilities

Others

By Region:

North America

Latin America

Europe

East Asia

South Asia & Pacific

Middle East and Africa

[marketsnmarkets39]

Passive Authentication Market to Expand with Significant CAGR by 2023

Passive authentication solutions have been adopted by several companies across the globe to counter the growing need for the frictionless authentication among organizations. The increasing adoption of passive authentication solutions helps organizations adhere to the increasing government compliance and deliver enhanced user experience, which drives the passive authentication market growth. The strategic partnership, collaborations, and agreements is an important growth strategy adopted by the key market players to develop new services and gain traction in the passive authentication market. MarketsandMarkets expects the passive authentication market 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.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=151421257

The major vendors of 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). These players have adopted various growth strategies, such as partnerships, collaborations, and agreements; mergers and acquisitions; and new product developments, to grow in the passive authentication market.

NEC has a significant presence in the market and aspires to become the top market provider of passive authentication solutions by constant investments in R&D capabilities. In February 2018, NEC enhanced NeoFace Access Control, a facial recognition product that helps organizations authenticate users at entry and exit points. In April 2017, NEC launched NC7000-3A, a user data utilization platform software that uses the facial recognition software. Moreover, this platform ensures the security of data on mobile devices, and complies with the Fast Identity Online (FIDO) industry standards for authentication.

Gemalto is another top player in the passive authentication market. The company delivers software and other technologies to businesses and governments that help them authenticate identities and protect data. In May 2017, Gemalto partnered with Enfuce, a Finland-based financial services provider, to offer cost-effective, convenient, and strong customer authentication using mobile devices. This partnership helped Gemalto  leverage its Authentication-as-a-Service (AaaS) in the Nordic region.

Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/passive-authentication-market-151421257.html

[readersforum]

Passbase is building a full-stack identity engine with privacy baked in

New Post has been published on https://www.readersforum.tk/passbase-is-building-a-full-stack-identity-engine-with-privacy-baked-in-2/

Passbase is building a full-stack identity engine with privacy baked in

Digital identity startup Passbase has bagged $600,000 in pre-seed funding led by a group of business angel investors from Alphabet, Stanford, Kleiner Perkins and EY, as well as seed fund investment from Chicago-based Upheaval Investments and Seedcamp.

The 2018-founded Silicon Valley-based startup — whose co-founder we chatted to briefly on camera at Disrupt Berlin — is building what it dubs an “identity engine” to simplify identity verification online.

Passbase offers a set of SDKs to developers to integrate into their service facial recognition, liveness detection, ID authenticity checks and ID information extraction, while also baking in privacy protections that allow individual users to control their own identity data.

A demo video of the verification product shows a user being asked to record a FaceID-style 3D selfie by tilting their face in front of a webcam and then scanning an ID document, also by holding it up to the camera.

On the developer front, the flagship claim is Passbase’s identity verification product can be deployed to a website or mobile app in less than three minutes, with just seven lines of code.

Co-founder Mathias Klenk tells TechCrunch the system architecture draws on ideas from public-private key encryption, blockchain and biometric authentication — and is capable of completing “zero-knowledge authentications.”

In practice, that means a website visitor or app user can prove who they are (or how old they are) without having to share their full identity document with the service.

Klenk, a Stanford alum, says the founding team pivoted to digital identity in the middle of last year after their earlier startup — a crypto exchange management app called Coinance — ran into regulatory difficulties right after they’d decided to go full-time on the project.

He says they got a call from Apple, in August 2018, informing them Coinance had been pulled from the AppStore. The issue was they needed to be able to comply with know your customer (KYC) requirements as regulators cracked down on the risk of cryptocurrency being used for money laundering.

“With a quick call to our lawyers, we learned it was because we now needed to complete strong identity verification with every exchange integrated for every user in order to fulfill our KYC obligations,” explains Klenk. “This is how our pivot to Passbase began.”

The experience with Coinance convinced Klenk and his two co-founders — Felix Gerlach (an ex-Rocket Internet product manager/designer) and Dave McGibbon (previously an investment associate at GoogleX) — that there was a “huge opportunity” to build a “full-stack” identity verification tool that was easy for engineering teams to integrate. So it sounds like it’s thinking along similar lines to Estonian startup Veriff.

Klenk claims current vendors “take weeks to integrate and charged thousands of dollars from the start.” And in classic startup formula fashion, he too condenses the idea down to: “Stripe for Identity Verification” — arguing that: “In order to solve digital identity verification, you cannot only streamline the identity verification process, you need to enable identity ownership and reuse across different services.”

At the same time, Klenk says the founding team saw a growing need for a privacy-focused identity verification tool — to “protect people’s information by design and help companies collect only the information they need.”

On this he freely cites Europe’s General Data Protection Regulation as an inspiring force. (“GDPR is built into the DNA of this product,” is the top-line claim.)

“Companies gain access to users’ information in a secure enclave, and avoid the dangers of getting hacked and leaking sensitive information,” says Klenk, describing the system architecture for verification as the core IP of the business.

They’re in the process of filing patents for the “developed technology,” working with two technical advisors, he adds. 

Passbase’s verification stack itself involves modular pieces so that it can adapt to changing threats, as Klenk tells it.

The startup is partnering with service providers for various verification components. Though he says it also has in-house computer vision experts who have built its anti-spoofing and liveness detection.

“This will always be an arms race against the latest spoofing tactics. We plan to stay ahead of the curve by introducing multi-factor authentication techniques and partnering with the best technology providers,” he adds on that.

He says they’re also working with a U.S.-based security company and other security experts to test the robustness and security of their system on an ongoing basis, adding: “We are planning to obtain all required certifications to ensure the security of our system e.g. ISO, Fido.”

Passbase’s product is currently in a closed beta with more than 200 companies signed up to its early access program.

Five have been “handpicked and onboarded” for a closed pilot — and Klenk says it’s now running tests and figuring out final requirements for an open beta launch planned for the middle of this year.

“Our early customers are mostly trust-based marketplaces (like an Airbnb),” he tells TechCrunch. “We are adding features such as PEP, OFAC and others over the next month to allow us to also service the mobility space, age-restricted products and eventually online banking and fintechs with KYC obligations.”

The startup’s first tranche of investor funding will be used for building out its core tech and mobile apps — while also “delighting our first clients with our B2B solution, getting traction, nailing product market fit,” as Klenk puts it.

He emphasizes that they’re also keen to nail a healthy startup culture from the get-go — saying that building “an exciting and inclusive place to work” is a priority. (“Since many high-growth startups dropped the priority for this in order for growth. We want to get this right from the beginning.”)

On the competitive front, Passbase is certainly driving into a noisy arena with no shortage of past effort and current players touting identity and digital verification services — albeit, all that activity underlines the high demand level for robust online verification.

Demand that’s likely to rise as more policymakers and governments wake up to the risks and challenges posed by online fakes — and prepare to regulate internet firms.

Discussing the competitive landscape, Klenk name-checks Jumio, Onfido and Veriff in the identity verification space, though he argues Passbase’s “developer-focused go-to-market and focus on creating digital identity” creates a different set of incentives which he also claims “allow us to get really creative on price and auxiliary offerings.”

“Our competition cares about price x volume. We care about creating a robust and secure network of trusted user-owned digital identities,” he suggests.

On the digital identity front he points to Civic, Verimi and Authenteq as being focused on “digital and self-sovereign identity,” though he says they have “tended” to take a B2C approach versus Passbase’s “full-stack” developer offering, which he claims is “immediately useful to a large market of players.”

There’s clearly plenty still to play for where digital identity is concerned. It remains a complex and challenging problem that loops in all sorts of entities, touchpoints and responsibilities.

But add privacy considerations into the mix and Passbase’s hope is that, by going the extra mile to build a zero-knowledge architecture, it can become a key player.

[toomanysinks]

Passbase is building a full stack identity engine with privacy baked in

Digital identity startup Passbase has bagged $600k in pre-seed funding led by a group of business angel investors from Alphabet, Stanford, Kleiner Perkins, EY; as well as seed fund investment from Chicago-based Upheaval Investments and Seedcamp.

The 2018-founded Silicon Valley-based startup — whose co-founder we chatted to briefly on camera at Disrupt Berlin — is building what it dubs an “identity engine” to simplify identity verification online.

Passbase offers a set of SDKs to developers to integrate facial recognition, liveness detection, ID authenticity checks and ID information extraction into their service, while also baking in privacy protections that allow individual users to control their own identity data.

A demo video of the verification product shows a user being asked to record a FaceID-style 3D selfie by tilting their face in front of a webcam and then scanning an ID document also by holding it up to the camera.

On the developer front, the flagship claim is Passbase’s identity verification product can be deployed to a website or mobile app in less than three minutes, with just seven lines of code.

Co-founder Mathias Klenk tells TechCrunch the system architecture draws on ideas from public-private key encryption, blockchain, and biometric authentication — and is capable of completing “zero-knowledge authentications”.

In practice that means a website visitor or app user can prove who they are (or how old they are) without having to share their full identity document with the service.

Klenk, a Stanford alumni, says the founding team pivoted to digital identity in the middle of last year after their earlier startup — a crypto exchange management app called Coinance — ran into regulatory difficulties right after they’d decided to go full-time on the project.

He says they got a call from Apple, in August 2018, informing them Coinance had been pulled from the AppStore. The issue was they needed to be able to comply with know your customer (KYC) requirements as regulators cracked down on the risk of cryptocurrency being used for money laundering.

“With a quick call to our lawyers, we learned it was because we now needed to complete strong identity verification with every exchange integrated for every user in order to fulfil our KYC obligations,” explains Klenk. “This is how our pivot to Passbase began.”

The experience with Coinance convinced Klenk and his two co-founders — Felix Gerlach (an ex-Rocket Internet product manager/designer) and Dave McGibbon (previously an investment associate at GoogleX) — that there was a “huge opportunity” to build a ‘full-stack’ identity verification tool that was easy for engineering teams to integrate. So it sounds like it’s thinking along similar lines to Estonian startup Veriff.

Klenk claims current vendors “take weeks to integrate and charged thousands of dollars from the start”. And in classic startup formula fashion he too condenses the idea down to: “Stripe for Identity Verification” — arguing that: “In order to solve digital identity verification, you cannot only streamline the identity verification process, you need to enable identity ownership and reuse across different services.”

At the same time, Klenk says the founding team saw a growing need for a privacy-focused identity verification tool — to “protect people’s information by design and help companies collect only the information they need”.

On this he freely cites Europe’s General Data Protection Regulation as an inspiring force. (“GDPR is built into the DNA of this product,” is the top-line claim.)

“Companies gain access to users information in a secure enclave, and avoid the dangers of getting hacked and leaking sensitive information,” says Klenk, describing the system architecture for verification as the core IP of the business.

They’re in the process of filing patents for the “developed technology”, working with two technical advisors, he adds. 

Passbase’s verification stack itself involves modular pieces so that it can adapt to changing threats, as Klenk tells it.

The startup is partnering with service providers for various verification components. Though he says it also has in-house computer vision experts who have built its anti-spoofing and liveness detection.

“This will always be an arms race against the latest spoofing tactics. We plan to stay ahead of the curve by introducing multi-factor authentication techniques and partnering with the best technology providers,” he adds on that.

He says they’re also working with a US-based security company and other security experts to test the robustness and security of their system on an ongoing basis, adding: “We are planning to obtain all required certifications to ensure the security of our system e.g. ISO, Fido.”

Passbase’s product is currently in a closed beta with more than 200 companies signed up to its early access program.

Five have been “handpicked and onboarded” for a closed pilot — and Klenk says it’s now running tests and figuring out final requirements for an open beta launch planned for the middle of this year.

“Our early customers are mostly trust-based marketplaces (like an Airbnb),” he tells TechCrunch. “We are adding features such as PEP, OFAC, and others over the next month to allow us to also service the mobility space, age-restricted products, and eventually online banking and fintechs with KYC obligations.”

The startup’s first tranche of investor funding will be used for building out its core tech and mobile apps — while also “delighting our first clients with our B2B solution, getting traction, nailing product market fit”, as Klenk puts it.

He emphasizes that they’re also keen to nail a healthy startup culture from the get-go — saying that building “an exciting and inclusive place to work” is a priority. (“Since many high growth startups dropped the priority for this in order for growth. We want to get this right from the beginning.”)

On the competitive front, Passbase is certainly driving into a noisy arena with no shortage of past effort and current players touting identity and digital verification services — albeit, all that activity underlines the high demand level for robust online verification.

Demand that’s likely to rise as more policymakers and governments wake up to the risks and challenges posed by online fakes — and prepare to regulate Internet firms.

Discussing the competitive landscape, Klenk name-checks Jumio, Onfido, and Veriff in the identity verification space, though he argues Passbase’s “developer-focused go-to-market and focus on creating digital identity” creates a different set of incentives which he also claims “allow us to get really creative on price and auxiliary offerings”.

“Our competition cares about price x volume. We care about creating a robust and secure network of trusted user-owned digital identities,” he suggests.

On the digital identity from he points to Civic, Verimi, and Authenteq as being focused on “digital and self-sovereign identity”, though he says they have “tended” to take a B2C approach vs Passbase’s “full-stack” developer offering which he claims is “immediately useful to a large market of players”.

There’s clearly plenty still to play for where digital identity is concerned. It remains a complex and challenging problem that loops in all sorts of entities, touchpoints and responsibilities.

But add privacy considerations into the mix and Passbase’s hope is that, by going the extra mile to build a zero-knowledge architecture, it can become a key player.

  source https://techcrunch.com/2019/03/15/passbase-is-building-a-full-stack-identity-engine-with-privacy-baked-in/