Security Assertion Markup Language Authentication Market Enhancement and Growth Opportunity 2021

Global “Security Assertion Markup Language Authentication Market” 2021 Research report produces information with reference to market size, share, trends, growth, cost structure, capacity, revenue, and forecast 2025. This report also contains the general and comprehensive study of the Security Assertion Markup Language Authentication market with all its aspects influencing the growth of the market. This report is a full-scale quantitative survey of the Security Assertion Markup Language Authentication industry and provides data for building strategies to expand the market growth and effectiveness.

The security assertion markup language authentication (SAML) market is expected to register a growth at a CAGR of 13.6% over the forecast period (2021-2026). 

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Industry News and Update:

- July 2019 - Gemalto announced to partner with Entrust Datacard, which specializes in offering identity and secure transaction technology. In terms of this partnership, the companies have agreed to offer cloud-based platform from Gemalto for integrating identity management and data protection solutions for the IoT devices.

Key Market Trends

Adoption by BFSI to grow Significantly

- The banking and financial Industry (BFSI) has witnessed significant technology penetration over the decade, owing to the increase in the number of digital and online channels, internet banking and mobile banking, online payments portals, etc. With the increasing adoption of technology in the industry, the instances of data breaches in the BFSI industry have also increased significantly, due to the vulnerability of the data stored.
- According to the Identity Theft Resource center, the number of US data breaches in the BFSI industry amounted to 35 in 2013, and has grown significantly to 135 in 2019, depicting a massive growth in the number of data breaches in five years. Hence, the need for enhanced security systems as well systems to manage all the access details, security assertion markup language authentication (SAML), is increasing due to the increased instances of identity thefts in the recent years.
- The contact centers have also been one of the emerging sector adopting SAML solutions in the BFSI sector. For instance, in May 2020, UJET Inc, a provider of cloub-based contact center has announced to integrate identity manager in partnership with Microsoft, Okta, and OneLogin.

North America is Expected to Hold Largest Market Share

- The North American region is expected to hold a significant share, owing to the high adoption of advanced technologies. There is an increasing need for advanced security systems in the regional banking sector, which boosts the markets growth positively.
- Payment Card Industry Data Security Standard (PCI DSS) compliance originally drove the adoption of cloud security solutions in large enterprises. Data breaches related to payment and banking sectors have been prominent in the United States, which, in turn, is set to boost the adoption of advanced cloud security solutions.
- For instance, In July 2019, hackers stole the personal information of more than 106 million people from financial corporation Capital One - the third-largest issuer of credit cards in the US. Additionally, In August 2018, attackers stole USD 13.5 million from India's Cosmos bank by compromising their financial systems.

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Important Features that are under offering and key highlights of the report:
– Detailed overview of the Security Assertion Markup Language Authentication market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of the Security Assertion Markup Language Authentication market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards Security Assertion Markup Language Authentication market performance
– Must-have information for market players to sustain and enhance their market footprint

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Security Assertion Markup Language Authentication Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Security Assertion Markup Language Authentication industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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