Authentication Services Market to Grow at 21.1% CAGR to 2022| Global Forecast, Trends, Opportunity and Industry Analysis

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The scope of this research study covers the managed authentication services only. The authentication services market size is expected to grow from US$ 622.9 Million in 2017 to US$ 1,619.5 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period. The major drivers of the authentication services market are an increasing number of digital identities and stringent data security compliances, such as PCI DSS, and HIPAA.

“eCommercevertical is expected to grow at the highest rate during the forecast period”

The eCommercevertical is expected to grow at the highest CAGR during the forecast period. The vertical deals with selling consumer products and services to its clients through multiple channels. eCommerce is one of the top cost-conscious verticals and the most targeted vertical by cyber criminals because of the potential payouts and a huge number of monetary transactions via credit and debit cards.

“Asia Pacific (APAC) is expected to grow at the fastest rate during the forecast period”

As per the geographic analysis, the APAC region is expected to witness the fastest growth in the authentication services market, due to an increasing number of digital identities, online transactions, and mobile computing devices. Additinally, India, Japan, and Singapore have all updated or introduced new national cyber security policies that would drive the authentication services market.

The break-up profiles of the primary discussion participants are given below:
• By Company Type: Tier1 (38%), Tier2 (32%), and Tier 3 (30%)
• By Designation: C-Level (68%), Director Level (24%),and Manager Level (8%)
• By Region: North America (34%), Europe (22%), APAC (26%), and RoW (18%)

Study Objectives:

• To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)

• To determine and forecast the global authentication services market by service types, managed authentication types, managed tokenization types, verticals, and regions from 2017 to 2022, and analyze various macro and microeconomic factors that affect the market growth

• To provide detailed information regarding major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market

• To analyze each submarket with respect to individual growth trends, prospects, and contributions to the total market

• To profile the key market players, provide comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market

• To track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities in the market

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Top Key Players in the “Authentication Services Market” include are Verizon (US),Trust wave(US),Gemal to (the Netherlands),Wipro (India),Tata Ccommunications (India),Bell Canada (Canada),GCI Channel Solutions (UK),Entrust Datacard (US),GCX(India),Interoute (UK).

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