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Passwordless Authentication Market–Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028

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New York, April 25, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Passwordless Authentication Market–Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028” – https://www.reportlinker.com/p06450666/?utm_source=GNW

The Global Passwordless Authentication Market is anticipated to grow at a robust pace in the forecast period, 2024-2028, owning to the rise of biometric authentication.Passwordless Authentication is a security technique that uses unique biological qualities, such as voice analysis, iris recognition, fingerprint recognition, face recognition, and others, as well as personal identification numbers, security tokens, and other means.

Due to improved security and the ease of accessing data from anywhere, Passwordless Authentication techniques are still becoming more common globally. Such factors drive the growth in the Global Passwordless Authentication Market.
Another factor boosting the market for Passwordless Authentication is the growing requirement for security measures beyond passwords.In addition, the quick uptake of technologies like artificial intelligence (AI) and the internet of things (IoT) in products like smartphones and tablets, among others, is a significant driver of the Passwordless Authentication market’s expansion.

Identity verification is done via fingerprint sensors and smartcards, and these security points enable a seamless user experience and a smooth transfer of data across locations.
Rising Usage of Multi-Factor Authentication
In the upcoming years, it is projected that multi-factor authentication will experience a significant increase.Greater identity theft and breaches, increased IoT device use, and stricter government laws are all factors in the segment’s rise.

Organizations worldwide are employing more stringent identity verification procedures to safeguard sensitive data stored there against fraud.Such theft and fraud occurrences function as a warning for companies to adopt multi-factor authentication tools and services.

For example, the Advanced Software Products Group announced the release of React MFA, a new multi-factor authentication (MFA) product, in September 2022.Re-ACT MFA serves as a secondary authentication source, authenticating end users and authorizing access to data while protecting resources and reducing their susceptibility to attack.

Hence, the companies offering these services now have a stronger market position resulting in greater demand for Passwordless Authentication, driving market growth.
Passwordless Authentication Market Trend
The market for biometric authentication is expanding significantly due to the increasing use of smartphones and other consumer electronics.The market for Passwordless Authentication is also expanding because of the increased need for security measures other than passwords.

Another important element driving the expansion of the Passwordless Authentication market is the quick uptake of technologies like artificial intelligence and the internet of things (IoT) in devices like smartphones and tablets, among others.Identity confirmation is done using smartcards and fingerprint sensors, which provide a seamless user experience and allow for a smooth transfer of data across locations.

Additionally, Passwordless Authentication has become more popular due to the global increase in data theft incidents.Due to data theft concerns in devices like computers, cellphones, and tablets, the requirement for security goes beyond passwords.

Modern computers may be protected in various ways to reduce the risk of data theft, such as fingerprint sensors and face recognition. The majority of businesses now utilize staff smartcards and fingerprint verification in their workplaces. To enter and depart the office building, employees utilize smart cards or biometric authentication. Only a small number of companies utilize speech analysis, iris recognition, and face recognition to identify their staff. Additionally, the popularity of Passwordless Authentication has grown because of the global increase in incidents of data theft. Due to problems with data theft on devices like computers, cellphones, and tablets, among others, the demand for security has grown beyond the use of passwords.
The rapid adoption of technologies such as artificial intelligence and the internet of things (IoT) in devices such as smartphones and tablets, among others, is another key factor responsible for the growth of the global password-less authentication market
Reticence to abandon the old-fashioned password-based authentication method
For many firms, a lack of familiarity with the new system is the biggest obstacle to switching from a password-based system.Over time, people have become accustomed to using passwords, particularly those that are easy to remember.

Organizations believe that switching to a new password-free platform will reduce user satisfaction and interfere with productivity.Furthermore, putting Passwordless Authentication into practice takes a lot of work.

It demands understanding new technologies, setting up new devices, configuring biometric authentication factors, and systematically deploying new authentication factors throughout each login session.The transition to Passwordless Authentication needs assistance.

Passwordless Authentication is more practical for individuals who are used to password-based authentication.
Market Segmentation
Global Password-less Authentication Market is segmented based on Type, Authentication Type, End-user Industry, regional distribution, and competitive landscape.Based on Type, the market is segmented into Fingerprint Authentication, Palm Print Recognition, Iris Recognition, Face Recognition market, Smart Card, Voice Analysis, Smart Card, and Others.

Based on Authentication Type, the market is segmented into Single-factor Authentication and Multi-factor authentication. Based on End-user Industry, the market is segmented into BFSI, Aerospace & Defense, Healthcare, Retail, Food Delivery, IT & Telecom, Government, and Others.
Market players
Major market players in the global Passwordless Authentication market are NEC Corporation, Microsoft Corporation, HID Global Corporation, M2SYS Technology, Safran, DERMALOG Identification Systems GmbH, Fujitsu, East Shore Technologies, Inc, Thales Group, Crossmatch Technologies.
Recent Development
• HID Global launched a new product called Omnikey Secure Element in March 2022. Applications like locker management and electric car charging are supported by the Omnikey Secure Element’s secure access identification and authentication capabilities. For further data protection, it offers multi-layer security that goes beyond card technology. Additionally, Apple Wallet now supports credential technologies like employee badges and mobile IDs.
• NEC introduced a new product called Account Based Ticketing System in March 2022. (ABT). With help from Electric Railway and LECIP Corporation, NEC will create an Account Based Ticketing (ABT) system for commuters in the Hiroshima area.

Report Scope:

In this report, the Global Passwordless Authentication market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
• Passwordless Authentication Market, By Type:
o Fingerprint Authentication
o Palm Print Recognition
o Iris Recognition
o Face Recognition
o Voice Analysis
o Smart Card
o Others
• Passwordless Authentication Market, By Authentication Type:
o Single-factor Authentication
o Multi-factor Authentications
• Passwordless Authentication Market, By End-user Industry:
o BFSI
o Aerospace & Defense
o Healthcare
o Retail
o Food Delivery
o IT & Telecom
o Government
o Others
• Passwordless Authentication Market, By Region:
o North America
United States
Canada
Mexico
o Asia-Pacific
India
Japan
China
South Korea
Australia
Singapore
Malaysia
o Europe
Germany
United Kingdom
France
Russia
Spain
Belgium
Italy
o South America
Brazil
Argentina
Colombia
Peru
Chile
o Middle East & Africa
Saudi Arabia
South Africa
UAE
Israel
Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Passwordless Authentication market.

Available Customizations:

Global Passwordless Authentication market report with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06450666/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Artificial Intelligence

Brainomix Achieves Breakthrough with FDA Clearance of e-Lung AI Software

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Established market leader in stroke AI imaging receives its first FDA clearance in the lung imaging space.With this expanded foundation of AI-driven healthcare solutions, the Oxford-based company remains committed to driving innovation and delivering impactful advancements in imaging biomarkers.OXFORD, England, and CHICAGO, May 17, 2024 /PRNewswire/ — Brainomix, a pioneer in artificial intelligence (AI) imaging solutions to enable precision medicine, is proud to announce the FDA clearance of its latest product, Brainomix 360 e-Lung. Brainomix’s entry into the lung imaging space follows a series of successful clearances and widespread clinical adoption of its Brainomix 360 Stroke platform in both the US and Europe.

The clearance of e-Lung marks a significant milestone in Brainomix’s journey to expand its footprint in medical imaging beyond stroke-related applications and represents a notable step forward in the quest for advanced lung imaging solutions. The company, with its rich academic heritage and record of scientific excellence, will expand its research collaborations in the pulmonology space to yield new insights to inform future iterations of e-Lung and chart a path towards continual improvements for the lung imaging technology.
Dr Deji Adegunsoye, Assistant Professor of Medicine and Scientific Director of the Interstitial Lung Disease Program at University of Chicago Medicine, said: “This is an exciting step for Brainomix, who have a demonstrated track record of developing novel AI-based solutions in stroke and are now applying that expertise to develop innovative tools in the lung space. The preliminary data for e-Lung is impressive and would indicate that we have a promising tool that could help to expedite healthcare delivery and improve clinically meaningful outcomes for patients with lung disease.”
Brainomix recently announced the publication of a new study1 in the prestigious peer-reviewed journal American Journal of Respiratory and Critical Care Medicine (AJRCCM), resulting from a research collaboration with AstraZeneca. The results showed that Brainomix’s proprietary lung imaging biomarkers, which include the weighted reticulovascular score (WRVS), stratified patients at risk of Idiopathic Pulmonary Fibrosis (IPF) progression, outperforming standard measures.
Dr Michalis Papadakis, CEO and Co-Founder of Brainomix, said: “We are harnessing our expertise in AI-powered imaging to develop novel biomarkers in other disease indications where AI can support imaging-based diagnostic and treatment decisions.
“This e-Lung FDA clearance reflects our focus on developing innovative solutions that empower healthcare professionals with cutting-edge tools for sophisticated disease evaluation, enhancing access to treatments that can ultimately work to improve patient outcomes.”
Brainomix will be presenting its latest e-Lung data at the American Thoracic Society (ATS) annual conference in San Diego May 17th – 22nd, including results from research collaborations with Heidelberg University and with Seattle-based Avalyn Pharma.
Am. J. Respir. Crit. Care Med.: 2024 Feb 16 – e-Lung CT Biomarker Stratifies Patients at Risk of IPF Progression in a 52-Week Clinical Trialhttps://www.atsjournals.org/doi/abs/10.1164/rccm.202312-2274LEAbout Brainomix
Brainomix specializes in the creation of AI-powered software solutions to enable precision medicine for better treatment decisions in stroke and lung fibrosis. With origins as a spin-out from the University of Oxford, Brainomix is an expanding commercial-stage company with offices in the UK, Ireland and the USA, and operations in more than 30 countries. A private company, backed by leading healthtech investors, Brainomix has innovated award-winning imaging biomarkers and software solutions that have been clinically adopted in hundreds of hospitals worldwide. Its first product, the Brainomix 360 stroke platform, provides clinicians with the most comprehensive stroke imaging solution, driving increased treatment rates and improving functional independence for patients.
To learn more about Brainomix and its technology visit www.brainomix.com, and follow us on Twitter, LinkedIn and Facebook.
Contacts
Jeff Wyrtzen, Chief Marketing & Business Development [email protected] +44 (0)7927 164210T +44 (0)1865 582730
Media enquiries
Charles ConsultantsSue [email protected] M +44 (0)7968 726585
Logo – https://mma.prnewswire.com/media/1989193/3856380/Brainomix_Logo.jpg

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CUBE acquires global regulatory intelligence businesses from Thomson Reuters

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LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.

The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.
Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”
Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”
Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.
Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.” 
Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”
Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”
The terms of the transaction will not be disclosed.
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.
About Regulatory Intelligence
Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.
About Oden
Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.

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Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan

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The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”

With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.  
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky. 
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter:  @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City 
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman 
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
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FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone  Email: [email protected]  

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