GLOBAL ADVANCED AUTHENTICATION MARKET 2016-2020
WiseGuyReports.com adds “GLOBAL ADVANCED AUTHENTICATION MARKET 2016-2020” report to its research database.
This market research report includes a detailed segmentation of the global advanced authentication market by technology (multi-factor authentication and biometrics) and by end users (government organizations, large enterprises, and SMEs). It also outlines the market shares for key regions such as the Americas, EMEA, and APAC. The leading vendors analyzed in this report are CA Technologies, Crossmatch, EMC, Entrust Datacard, and Gemalto.
Outlook of the global advanced authentication market
Technavio’s market research analyst predicts the global advanced authentication market to grow at a CAGR of more than 16% during the forecast period. One of the primary drivers of this market is the increase in mobile workforce. The augmented utilization of mobile devices enables employees to access confidential data from remote locations. Though mobile devices help organizations enhance their productivity, they also increase the security threat to an organization's confidential data. This has led to the high demand for advanced authentication solutions to protect sensitive information.
Another major driver for this market is the increasing number of mobile transactions. Recently, it has been observed that consumers are becoming increasingly dependent on the Internet for their financial and e-commerce online transactions. Online transactions are rapidly gaining popularity among end-users because they are easy and convenient. However, internet-based financial transactions are vulnerable cyber-attacks. As a result, many organizations are using hardware OTP token authentication methods to secure their online transactions.
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End-user segmentation of the advanced authentication market
- Government organizations
- Large enterprises
The large enterprises segment was the largest market segment in 2015 and is anticipated to account for more than 55% of the total market share by 2020. The growing adoption of multi-factor authentication solutions across industries like retail, BFSI, PC, and healthcare will result in the substantial growth of this market segment.
Technological segmentation of the advanced authentication market
- Multi-factor authentication
The biometrics segment is expected to account for a market share of more than 72% by 2020. Factors such as the increasing adoption of different biometrics technologies like fingerprint recognition, voice recognition, and facial recognition across various end user segments will result in the strong growth of this market segment during the forecast period.
Competitive landscape and key vendors
The global advanced authentication market is highly fragmented because of the presence of numerous small and large vendors. The providers in the market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion. The high level of vendor competition in this market has led to an increase in the number of mergers and acquisitions.
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The leading vendors in the market are -
- CA Technologies
- Entrust Datacard
Other prominent vendors in the market include Authenex, BIO-key, Deepnet Security, Dell, Duo Security, Early Warning, Equifax, FEITIAN Technologies, Fortinet, HID Global, Microsoft, SecureAuth, SecurEnvoy, SecuTech Solutions, SMS Passcode, Swivel Secure, Symantec, Technology Nexus, TeleSign, Tricerion, Trustwave, VASCO, VMware, and Yubico.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global advanced authentication market?
- What are the key market trends impacting the growth of the advanced authentication market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global advanced authentication market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the advanced authentication market?
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