Future Analysis For Mobile Devices User Authentication Services Market Forecast By 2020 – 2027
Mobile Devices User Authentication Services Market Scenario:
The crippling effect of the global COVID-19 pandemic has
detained the growth potential of the Mobile
Devices User Authentication Services Market. This MRFR
report on the Mobile
Devices User Authentication Services Market indicates
critical pointers that may emerge as growth hubs in the future. Moreover,
in-depth data analysis is estimated to offer a clearer growth perspective to
market participants.
According to MRFR, the Global Mobile Devices User Authentication Services Market is estimated to reach
USD 3.45 Billion by 2027, recording a CAGR of 25.9% during the forecast period
(2020–2027).
One of the key drivers of the Mobile Devices User
Authentication Services Market is rising data generation due to the growing
digitisation and virtualization industry. In addition, there has been an
increase in corporate organizational efficiency due to digitalisation, as data
can be conveniently transferred from one stage to another without any
difficulty. However, related security concerns, such as cyberattacks and data
breaches, are subject to impact on companies. Therefore, in order to make data
more reliable, including confidential data, contract details and details on
research and development, businesses and organizations are moving towards
mobile user authentication. In addition , other factors such as the rising
trends in online data sharing and BYOD, as well as the increasing traction
among businesses, drive demand for mobile user authentication to secure data
from fraudulent activities and other vulnerabilities. Growing global cloud
adoption also leads to data sharing, making it easier for companies ,
organisations, industries and individuals.
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Competitive Outlook:
MRFR distinguishes the key
players in the global Mobile Devices User Authentication Services Market as
Microsoft Corporation (US), Swivel Secure Ltd (UK), CA Technologies Inc. (US),
Vasco Data Security International Inc. (US), EMC Corporation (US), Gemalto NV
(Netherlands), Symantec Corporation (US), Authentify Inc. (US), SecureAuth
Corporation (US), SecurEnvoy PLC (UK), Entrust Datacard Corporation (US), and
TeleSign Corporation(US), among others.
Segmentation:
· The global Mobile Devices User
Authentication Services Market is analyzed based on organization size,
component, end-user and region.
· Based on component, global Mobile
Devices User Authentication Services Market has been divided into solutions and
services. The solution segment has been further divided as biometric
authentication, one-time passwords, QR code validation and others.
· The global Mobile Devices User
Authentication Services Market, based on the organization size, has been
bifurcated into large enterprises and SMEs.
· By end user, the global Mobile
Devices User Authentication Services Market has been segmented into IT &
telecommunication, BFSI, retail, healthcare, government, media and
entertainment, and others.
Regional
Analysis:
It is expected
that the global demand for mobile user authentication will expand at a
significant rate over the 2018 to 2024 forecast period. Global smartphone app
authentication geographic research was performed for North America (the United
States, Canada , and Mexico), Europe (the United Kingdom , Germany , France,
Spain , Italy, and the rest of Europe), Asia-Pacific (China , Japan , India,
Singapore, and the rest of the Asia-Pacific), and the rest of the world (the
Middle East , Africa and South America).
Owing to the
presence of numerous primary vendors, such as CA Technologies Inc., Microsoft
Corporation, Entrust Datacard Corporation, SecureAuth Corporation, and TeleSign
Corporation North America reported the largest market share in2018. With the
help of the mobile user authentication software, these companies offer the
solutions and services for various industries to secure the data. In addition,
the the acceptance of BYOD and the the threat of high-profile cyber-attacks by
different business enterprises are the major driving factors for the industry.
With industry
players such as Swivel Secure Ltd and Gemalto NV offering solutions to
organizations and individuals, Europe has the second-largest market share in
the global mobile device authentication market. In addition , mobile apps are
widely used across business verticals such as media and entertainment, BFSI,
and the government sector. On the other hand, the market in Asia-Pacific is
slated to be the fastest-growing during the forecast period owing to increasing
population and growing awareness among the users in the region which is
contributing to the development of the market in the region.
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Table
of Contents:
Continued….
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