Advanced Authentication Market Share, Size Data 2020: Key Manufacturers, Industry Price, Trend, Size Estimation, and Future Forecast, Revenue, Business Growth, Regional Analysis & Forecast to 2023

Global "Advanced Authentication" Market report 2020 intends to give inside and out data about Advanced Authentication industry with market outlook, trends, business strategies and future prospects of industry. It includes the present market status with some changing size and trends that can affect the market growth rate. Advanced Authentication market report covers the significant growth prospect over the coming years. Likewise, it studies market new product analysis, strategies, financial overview and trends. Advanced Authentication market report also offers an overview of revenue, sales, product demand, and supply of data, cost, and growth analysis during the forecast year 2023.

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Top Manufacturers Listed in the Advanced Authentication Market Report are:
o Fujitsu Ltd.
o Gemalto N.V.
o NEC Corporation
o Suprema Inc.
o RSA Security
o Lumidigm Inc.
o Validsoft Ltd.
o Pistolstar Inc.
o SecurEnvoy Ltd.

The global advanced authentication market in the financial service industry is expected to register a CAGR of 14.37% over the forecast period of 2018-2023. This study aims at gaining a detailed overview of the dynamics of the contemporary market, for the authentication market in the BFSI industry, over the forecast period. It focuses on the need to develop strategic insights in the global and regional-level markets, taking into consideration the technology cycles. The growth of this market is primarily fueled by increasing internet penetration in emerging markets and the growing focus and investments in cyber security. This report seeks to dissect the broader market dynamics for the advanced authentication market in the financial service industry, using Porter's five forces model.
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. With increasing number of data breaches and cyber-attacks, the integration of security solutions into the systems is on the rise.
With the advent of fingerprint sensors on mobile devices, financial institutions are integrating advanced authentication technologies within mobile environments, thus providing additional security.
The growing adoption of multi-factor authentication techniques is expected to aid the growth of this market, during the forecast period. However, government regulations, compliance, and retailer payment policies might hinder the growth of the market.
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.
In a 2011 Twitter survey by Nuance Communications, around 77% of the participants said that they would be comfortable using voice biometrics, if it meant tighter security. Since then, Citi Bank has invested into advanced authentication and deployed voice biometrics authentication from NICE systems, to recognize and redirect customers from their voice, during the first few seconds of conversation.
Key Developments in the Market
o August 2019: NEC Corporation announced that it will contribute to the provision of a highly reliable, business-oriented, mobile-network-powered access service, 'Twin Access', which SoftBank Corp. plans to offer to business customers, in Japan.
o February 2019: It was reported that Precise Biometrics reached an agreement to acquire NexID Biometrics in early 2019, for USD 3.49 million to add its spoof mitigation and liveness detection technology to its capabilities and will integrate liveness detection with Precise BioMatch Mobile, in the first half of the year.

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Regional Segmentation Includes:
- United States
- Europe
- China
- Japan
- South Korea
- Other Regions
Reasons to Purchase the Advanced Authentication Market Report:
- The report analyses how the shift towards safety will drive the global automotive anti-lock braking system market size and Share.
- Analyzing various perspectives of the market with the help of Porter's five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Advanced Authentication Market growth during the forecast period.
- Identify the latest developments, Advanced Authentication market shares and strategies employed by the major market players.

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Major Points from Table of Contents:
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Increasing Number of Online Transactions
4.2.2 Increasing Security Threats
4.2.3 Growing Integration of Mobile Technologies
4.3 Factors Challenging the Market
4.3.1 High Upgrade and Replacement Costs
4.3.2 Privacy Concerns toward Authentication Vendors
4.4 Technology Snapshot
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products or Services
4.6.5 Competitive Rivalry among Existing Competitors
5. Global Advanced Authentication Market in the Financial Service Industry - Segmentation
5.1 By Authentication Method
5.1.1 Smartcards
5.1.2 Biometrics
5.1.3 Mobile Smart Credentials
5.1.4 Tokens
5.1.5 Other Authentication Methods
5.2 By Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Latin America
5.2.5 Middle East & Africa
6. Competitive Intelligence - Company Profiles
6.1 Fujitsu Ltd
6.2 Gemalto NV
6.3 NEC Corporation
6.4 Suprema Inc.
6.5 RSA Security
6.6 Lumidigm Inc.
6.7 Validsoft Ltd
6.8 Pistolstar Inc.
6.9 SecurEnvoy Ltd
7. Investment Analysis
8. Outlook of the Advanced Authentication Market in the Financial Service Industry

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