Advanced Authentication Market in Financial Services Industry to Expand at a CAGR of 14.37% during 2019 – 2023 | Fujitsu, Gemalto NV, NEC, Suprema, RSA Security, Lumidigm, Validsoft, Pistolstar

Marketprognosis.com Publish a New Market Research Report On “Global Advanced Authentication in Financial Services Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Advanced Authentication in Financial Services Market:

The Global Advanced Authentication Market in Financial Services Industry is expected to register a CAGR of 14.37% over the forecast period of 2018-2023.

Globally, the financial industry accounts for the most significant share in the advanced authentication market. With a significant rise in critical financial operations, security remains the primary focus, thus supporting the adoption of authentication solutions. Changing consumer dynamics and increasing technology penetration are driving the adoption of online services among end users. The trend is driving an increase in the number of online transactions, resulting in a renewed emphasis on security and privacy. Owing to multiple vulnerabilities in the systems, the growing integration of connected solutions within the industry is also creating a need for authentication solutions.

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Rapid Adoption of Advanced Biometrics Driving the Growth of Market; The mobile biometrics market is expected to gain full maturity in 2022, from a consumer adoption phase in 2015. It is expected that by 2022, these authentication systems are expected to be ubiquitous and will be installed in almost every authentication method. At present, the market is moving toward the incorporation of multifactor authentication using biometric systems, such as vein, face, heartbeat, voice recognition, etc. As the demand for mobile application security, particularly for financial services, along with low-cost apps and on-demand provisioning of software is growing, the cost of biometric integration is expected to decline. Moreover, consumers' clamor to eliminate their reliance on passwords and pins is further driving the growth in the market.

The United States to Witness Huge Adoption Owing to Significant Losses Incurred by Companies due to Cyber-attacks; The hacked credit card fraud was recorded at USD 4 billion in 2016, a 25% decrease in comparison with 2015, owing to increasing adoption of chip-based cards over magnetic strip cards. Identity theft is one of the fastest growing threats in the region. According to CNBC, around 40 million Americans had their identities stolen, in 2016.

Based on an extensive study from the Breach Level Index (BLI), there were 974 publicly disclosed data breaches, in the first half of 2016, which led to the successful theft or loss of 554 million data records. Identity theft accounted for 64% of all data breaches. Wells Fargo and JP Morgan have started taking proactive steps, to address their primary concerns on security breaches. Therefore, customers have become enthusiastic about the introduction of biometrics modalities.

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Major Key Players:

1 Fujitsu Ltd

2 Gemalto NV

3 NEC Corporation

4 Suprema Inc.

5 RSA Security

6 Lumidigm Inc.

7 Validsoft Ltd

8 Pistolstar Inc.

9 SecurEnvoy Ltd and More……………

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Advanced Authentication in Financial Services Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Global Advanced Authentication Market in the Financial Service Industry - Segmentation

6 Competitive Intelligence Company Profiles

7 Investment Analysis

8 Outlook of the Advanced Authentication Market in the Financial Service Industry

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