Middle East & Africa Passive Authentication Market Size & Outlook
The passive authentication market in Middle East & Africa is expected to reach a projected revenue of US$ 480.4 million by 2030. A compound annual growth rate of 24.1% is expected of Middle East & Africa passive authentication market from 2024 to 2030.
Revenue, 2023 (US$M)
$106.1
Forecast, 2030 (US$M)
$480.4
CAGR, 2024 - 2030
24.1%
Report Coverage
Middle East & Africa
Middle East & Africa passive authentication market, 2018-2030 (US$M)
MEA passive authentication market highlights
- The MEA passive authentication market generated a revenue of USD 106.1 million in 2023.
- The market is expected to grow at a CAGR of 24.1% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 106.1 million |
| Market revenue in 2030 | USD 480.4 million |
| Growth rate | 24.1% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.5% of the global passive authentication market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,923.1 million by 2030.
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Passive Authentication Market Scope
Passive authentication market segmentation & scope
Organization Size
Large Enterprises
SMEs
Deployment Model
On Premise
Cloud
Function
Compliance Management
Marketing Management
Risk management
Others
Vertical
BFSI
Government
IT & Telecommunications
Retail & Consumer Goods
Healthcare
Media & Entertainment
Others
Countries
U.S.
Canada
Mexico
Denmark
France
Germany
Italy
Norway
Spain
UK
Sweden
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Kuwait
Australia
China
India
Japan
South Korea
Thailand
Passive Authentication Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa passive authentication market
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