Future Analysis For Mobile User Authentication Market Trends Forecast By 2020 – 2027
Mobile User Authentication Market Trends Scenario:
According to MRFR, the Global Mobile User Authentication Market Trends 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 User
Authentication Market Trends 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 Trends is analyzed based on organization size, component,
end-user and region.
· Based on component, global Mobile
User Authentication Market Trends 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 Trends, based on the organization size, has been
bifurcated into large enterprises and SMEs.
· By end user, the global Mobile
User Authentication Market Trends 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 Trends 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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