The Latin America, Middle East and Africa Passive Authentication Market would witness market growth of 22.8% CAGR during the forecast period (2022-2028).
Passive authentication includes validating the digital signature of the master list's security object (SOML), which can be stored as CSCA certificates for SOD verification. This digital signature is created by the issuer based on the content of the master list at the time of issuance (so called "Master List Signer", MLS).
One of two possible criteria can be used to find a public key to verify a digital signature: the name of the organization that performed document personalization, the name of the source (organization) that issued the relevant certificate (Issuer); and the serial number of the certificate (serial number) (subjectKeyIdentifier).
The policy of providing terminal functionality must be applied to the provision of access to the CSCA, DS, and MLS certificates. A public Key Directory (PKD), a local or centralized certificate storage system, is typically employed for these uses. The DS certificate is often explicitly contained in the SOD data structure, while SOML data structures may also contain the MLS- and associated CSCA certificate.
Government initiatives in Arab countries to build electronic or digital IDs are expected to boost market expansion in the Middle East and Africa. The official identity management strategy of the government of South Africa is one of the major factors that is increasing the penetration of digital identity solutions across the region. In addition, as per the World Bank, people in Sub Saharan are often representatives of the most marginalized communities.
The Brazil market dominated the LAMEA Passive Authentication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $66.8 million by 2028.The Argentina market is exhibiting a CAGR of 23.5% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 22.5% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Function, the market is segmented into Compliance Management, Marketing Management, Risk Management and Others. Based on Deployment, the market is segmented into On-Premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, Healthcare, Government, Retail & Consumer Goods, Media & Entertainment, IT & Telecom and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Passive Authentication Market is Predict to reach $3.9 Billion by 2028, at a CAGR of 20.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., IBM Corporation, NEC Corporation, Fair Isaac Corporation (FICO), Experian PLC, Nuance Communications, Inc. (Microsoft Corporation), Equifax Inc., RSA Security LLC (Symphony Technology Group), and BioCatch Ltd.
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