Mobile User Authentication Market Demand, Share And Overview 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Mobile User Authentication Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $7.51 Bn In 2028 At A CAGR Of 19.7% :

The mobile user authentication market size has grown rapidly in recent years. It will grow from $3.06 billion in 2023 to $3.66 billion in 2024 at a compound annual growth rate (CAGR) of 19.6%. The growth in the historic period can be attributed to increasing adoption of smartphones and tablets , Rise in Mobile Transactions, rise of remote work and mobile workforce, rise of mobile payment apps and digital wallets.

The mobile user authentication market size is expected to see rapid growth in the next few years. It will grow to $7.51 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%. The growth in the forecast period can be attributed to increasing mobile device adoption, rapid digital transformation, growing cybersecurity threats, expansion of IoT devices, demand for frictionless authentication. Major trends in the forecast period include biometric authentication dominance, adoption of behavioral biometrics, adoption of zero trust security, blockchain-based authentication, blockchain-based authentication, integration with AI and ML.

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Mobile User Authentication Market Major Segments
The mobile user authentication market covered in this report is segmented -

1) By Authentication: Biometric Authentication, Multi-Factor Authentication (MFA), Knowledge-Based Authentication (KBA), Other Authentication
2) By Deployment: Cloud-Based Authentication, On-Premises Authentication
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By End-User Vertical: Banking, Financial Services, and Insurance, Consumer Electronics, Government, Telecommunication, Healthcare, Manufacturing, Other End-user Verticals

Key Driver - Rising Cybersecurity Threats Drive Growth Of Mobile User Authentication Market

The rising cybersecurity threats are expected to propel the growth of mobile user authentication forward. Cybersecurity threats are potential risks to computer systems, networks, and data that can result in unauthorized access, data breaches, or information loss. The rising cybersecurity threats is due to increased connectivity, data monetization, remote work, sophisticated attack techniques, and a lack of awareness. Mobile user authentication is used in crucial in cybersecurity to mitigate various threats such as password theft, phishing attacks, MitM attacks, device theft or loss, data breaches, and unauthorized access to applications. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, cyber crime reports received were 76,000, up from 13% from the previous year. Therefore, rising cybersecurity threats are driving the growth of the mobile user authentication market.

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Prominent Trend - Innovative Digital Identity And Security Services Transforming The Mobile User Authentication Market

Major companies operating in the mobile user authentication market are focusing on the development of innovative technologies such as TruSense to meet the growing demand. TruSense is a digital identity and security service that encompass a range of solutions and technologies aimed at verifying and protecting the identities of individuals and entities in digital environments. For instance, in February 2023, Route Mobile Limited, an India-based cloud communications platform service provider, launched TruSense, a cutting-edge digital identity and security service aimed at securing digital transactions through a reliable ecosystem, enabling businesses to authenticate end-users in a frictionless manner. It ensures secure authentication, reliable identity verification, and intelligent fraud detection, leveraging AI and ML for real-time risk assessment and facilitating seamless identity verification against authorized third-party data. Overall, it is a versatile technology used in various applications, providing solutions for digital identity and security, content curation and product tagging, row guidance, and cooling water technology.

Mobile User Authentication Market Players
Major companies operating in the mobile user authentication market are Apple Inc, Google LLC, Microsoft Corporation, International Business Machines Corporation, Broadcom Inc, Gemalto NV, Entrust Datacard Corporation, HID Global, Avast Antivirus, RSA SecurID, BlackBerry Limited, CyberArk Software Inc, ESET s.r.o, Ping Identity Corporation, OneSpan, ForgeRock Inc., MobileIron Inc, Centrify Inc, SecureAuth Corporation, Duo Security , CA Technologies, BIO-key International, Authentify Inc, Veridium, TeleSign

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the mobile user authentication market in 2023. The regions covered in the mobile user authentication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Mobile User Authentication Market Report Structure
3. Mobile User Authentication Market Trends And Strategies
4. Mobile User Authentication Market - Macro Economic Scenario
5. Mobile User Authentication Market Size And Growth
…..
27. Mobile User Authentication Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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