Mobile Devices User Authentication Services Market Size, Status, Global outlook 2022 To 2027 | Symantec Corporation, Aware Inc, CA Technologies (Broadcom Inc.), RSA Security LLC (Dell Technologies),

This report discusses many vital industry facets that influence Global Mobile Devices User Authentication Services  industry acutely which includes extensive study of competitive edge, latest advancements, region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Sodium-ion Battery investments from 2021 till 2026.

The mobile devices user authentication services market is expected to reach USD 4.7 billion in 2026 from USD 1.36 billion in 2020, witnessing a CAGR of 23%, during the forecast period (2021 - 2026)

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: Symantec Corporation, Aware Inc, CA Technologies (Broadcom Inc.), RSA Security LLC (Dell Technologies), OneSpan Inc., Duo Security (Cisco Systems Inc.), Nexus Group, Entrust Datacard Corporation, SecurEnvoy (Shearwater Group PLC Company), Gemalto NV (Thales Group)

News and Updates

- May 2019 - FIDO Alliance announced that Microsoft achieved FIDO2 certification for Windows Hello. Microsoft has made FIDO Authentication a fundamental component in its efforts to provide users a seamless, password-free login experience.

- May 2019 - Truxtun Capital released broadly available FIDO Certified, a multi-factor strong authentication payment solution for consumers in the payment industry. It provided customers with mobile, virtual and physical card products in a simple user experience where the customer takes control of their own digital identity and security profile on a mobile phone while activating security credentials.

- March 2019 - Gemalto NV acquired Green Bit S.p.A., in order to offer its biometric scanners as part of the complete automated fingerprint identification system (AFIS) offerings.

Market Overview

- According to the IBM Data Breach study (2018), the global average cost of a data breach is up by 6.4 % in 2018 over the USD 3.86 million in2017. To prevent any loss of sensitive data, awareness about user authentication is increasing. This creates a positive outlook for mobile devices user authentication services market because the penetration of smartphones is growing exponentially.

- Moreover, the enhancement in IT infrastructure, increasing cyber-attacks, which is a serious concern for the enterprises, and surge in the expenditure for safety and security for private and confidential data have further increased the demand for mobile devices user authentication services market.

- However, due to a lack of awareness when it comes to authentication and security of their devices among the user and high cost involved with matured authentication methods acting as key impediments to the growth of the market.

Segmentation by type: breakdown data from 2016 to 2021 in Section 2.3; and forecast to 2026 in section 10.7

Two Factor Authentication
Biometrics/Multi Factor Authentication
Password Authentication
Soft Tokens
Others

Segmentation by application: breakdown data from 2016 to 2021, in Section 2.4; and forecast to 2026 in section 10.8

BFSI
Consumer Electronics
Healthcare
Telecom
Manufacturing
Others

Regional and Country-level Analysis

- In Asia-pacific, great strides are being made in the digital economy. But it is also causing more threat-related opportunities. According to Cisco, companies receive 6 threats every minute in APAC and 51% of all cyber attacks resulted in a loss of more than USD 1 million. Thus the need for user authentications is growing which in result will create a market for mobile devices user authentication services market because of the increasing trend of BYOD and the increasing penetration of smartphones in the region.

- The growing penetration of the internet and shift toward digitization of the internal processes have been instrumental in driving the adoption of cloud-based services. Alongside the digital transformation in the region, owing to ineffective cyber laws and lack of cybersecurity awareness, companies in Asia-Pacific have been found to be 80% more likely to be targeted by hackers as compared to other regions.

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Mobile Devices User Authentication Services Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Mobile Devices User Authentication Services market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Mobile Devices User Authentication Services market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Mobile Devices User Authentication Services Market report.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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