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Mobile User Authentication Global Market Report 2024 - By Share, Growth, Trends And Demand, Outlook By 2033
Mobile User Authentication Market
As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
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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