Mobile User Authentication Market Analysis, Drivers, Opportunities, Trends, Applications, And Growth Forecast To 2027
Mobile User Authentication Market Scenario:
The crippling effect of the global COVID-19 pandemic has
detained the growth potential of the Mobile
User Authentication Market. This MRFR report on the Mobile User Authentication 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 User Authentication Market is estimated to reach
USD 3.45 Billion by 2027, recording a CAGR of 25.9% during the forecast period
(2021–2027).
One of the key drivers of the mobile user
authentication 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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Segmentation:
· The global mobile user
authentication market is analyzed based on organization size, component,
end-user and region.
· Based on component, global
mobile user authentication 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 user
authentication market, based on the organization size, has been bifurcated into
large enterprises and SMEs.
· By end user, the global mobile
user authentication 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 2020 to 2027 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.
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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.
Competitive Outlook:
MRFR distinguishes the key
players in the global mobile user authentication 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.
Read more:
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