Mobile Devices User Authentication Services Market Size 2022 Manufacturing Size, Share, Opportunities, Trends, Industry Expansion Strategies and Global Analysis by Forecast to 2026

The "Mobile Devices User Authentication Services Market" provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the Market’s growth. The rise in the aviation sector is escalating the growth of the Mobile Devices User Authentication Services Market. Increased adoption of superior technology consisting of synthetic intelligence and system learning, a developing quantity of records and growing utility of records answers through an extensive variety of ends person verticals consisting of banking, economic services, and insurance, authorities and public sector, telecommunications and IT, energy, healthcare and others are the foremost elements as a consequence of the increase of the market.

The Global Mobile Devices User Authentication Services Market Size is Projected to Reach at a CAGR of 23% during 2022-2026.

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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.

Key players in the global Mobile Devices User Authentication Services Market covered:

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),

Recent Development:

- 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 Segmentation by Type:

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

Market Segmentation by Application:

BFSI
Consumer Electronics
Healthcare
Telecom
Manufacturing
Others

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Key Market Trends

Biometrics / Multi-Factor Authentication is Expected to Have Significant Share

- According to a study by ManpowerGroup, the millennials are more likely to enable multi-factor authentication in the wake of a breach (32 % versus 28 % of the general population). And, 75 % of millennials were comfortable using biometrics today, compared to 58 % of those over age 55. This could be an indication that younger adults are putting less care into traditional password but are more likely to layer access with multifactor authentication, use biometrics for speed and convenience.
- Further, according to IBM the average cost for each lost or stolen record containing sensitive and confidential information also increased by 4.8 % year over year to USD148 in 2018. When risk levels rise, the additional authentication checkpoints are triggered, such as letting users toggle between a mobile push notification that invokes fingerprint readers on their phone and a one-time passcode.

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Asia- Pacific to Witness Fastest Growth

- 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.

Table of Contents: Mobile Devices User Authentication Services Market

- Chapter 1: outline of Mobile Devices User Authentication Services marketplace

- Chapter 2: worldwide market reputation and forecast through areas

- Chapter 3: worldwide marketplace popularity and forecast by using types

- Chapter 4: worldwide marketplace repute and forecast by using Downstream enterprise

- Chapter 5: marketplace riding issue evaluation

- Chapter 6: market opposition reputation by major producers

- Chapter 7: essential producers Presentation and market data

- Chapter 8: Upstream and Downstream marketplace investigation

- Chapter 9: Fetched and net part investigation

- Chapter 10: marketplace file end

- Chapter 11: research technique and Reference

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