Mobile User Authentication Market
Market Research Future (MRFR) projects that the global mobile user authentic market will demonstrate a 25.9% CAGR between 2019 and 2024. Additionally, the market is likely to surpass a valuation of USD 3 Bn by the end of the forecast period. Mobil phones are a staple in the modern world. Rapid mobile phone proliferation coupled with digitization has created new dimensions of application. Modern consumers heavily rely on mobile phones running day-to-day errands.
Mobile user authentication facilitates validation, authentication and verification with element such as biometrics, geographical positioning, timestamps and biometrics. On the back of rapid virtualization and digitization, data volumes continue to grow which is also reflecting favourably for the market. Digitization has been rampant in industrial verticals due to the host benefits it bring along. However, new treats are appearing which mostly pertain to data theft, privacy breach, digital espionage, etc. In order to prevent such risks, businesses are adopting mobile user authentication.
The global mobile authentication market in benefiting from emerging technology trends such as online data sharing, increase used of portable devices and robust mobile penetration worldwide. Increased phishing activities are resulting in a higher demand for reliable authentication barriers. Moreover, growth of cloud technology and its adoption by individuals, organization, and industries is viewed as a major market driver.
Segmentation
According to Market Research Future, the global mobile user authentication market has been segmented based on component, organization size, end user, and region.
Mobile user authentication is a technological process for securing the data by offering secured services to the end user. It is an authentication method which sends a one-time password (OTP), on the user’s smartphone for validating and authenticating the data to the user. There are various enterprises which are adopting bring your own device (BYOD) and are sharing their data online allowing the user to access data from anywhere which raises the concerns for security, which is an essential factor driving the market globally. Some of the benefits of using mobile user authentication are that there is multi-level security and low data redundancy, among others; this also fuels the market growth.
The global mobile user authentication market has been segmented based on component, organization size, and end user.
By component, the mobile user authentication market has been segmented into solutions and services. The solution segment accounts the largest market share due to increasing cyber-attacks, data breaches, ransomware, and others. Moreover, the increasing sharing of data online requires a secure path to reach to end users. Various companies are adopting these software solutions to increase security and offer a secured service to the end user. Moreover, mobile user authentication software solutions validate the end user by sending an OTP or other methods for confirming the authorization.
The market has been segmented, by organization size, into large enterprises and SMEs. The large enterprises dominate the segment as these generate large volumes of data, which are shared through emails to various in-house departments and consultancy agencies, users and other end users. The encrypted data can only be opened or used by a certain password or authentication methods. The companies also share confidential information through emails, which need to be protected from cyberattacks, therefore are adopting mobile user authentication to offer a secure service to the users.
By vertical, the market has been segmented into BFSI, government, IT & telecom, healthcare, media and entertainment, retail, and others. The BFSI vertical was the dominating segment in 2018 and is expected to be the fastest-growing segment during the forecast period 2019–2024. The BFSI industry vertical generates a large volume of financial and private data, which requires a high secured path for sharing it with the end user. Additionally, the demand for mobile user authentication in the BFSI is higher due to increasing security requirements.
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Mobile User Authentication Market WorthMarket Research Future (MRFR) projects that the global mobile user authentic market will demonstrate a 25.9% CAGR between 2019 and 2024.
Additionally, the market is likely to surpass a valuation of USD 3 Bn by the end of the forecast period.
Modern consumers heavily rely on mobile phones running day-to-day errands.Mobile user authentication facilitates validation, authentication and verification with element such as biometrics, geographical positioning, timestamps and biometrics.
Digitization has been rampant in industrial verticals due to the host benefits it bring along.
In order to prevent such risks, businesses are adopting mobile user authentication.The global mobile authentication market in benefiting from emerging technology trends such as online data sharing, increase used of portable devices and robust mobile penetration worldwide.
On the basis of component, the market has been segmented into services and solutionsGlobal Mobile User Authentication Market: Regional AnalysisKey regions covered in the report include Asia Pacific, Europe and North America.
Mobile User Authentication MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Mobile User Authentication Market.
The growth sectors of the Mobile User Authentication Market are identified with precision for a better growth perspective.According to Market Research Future, the global mobile user authentication market has been segmented based on component, organization size, end user, and region.Mobile user authentication is a technological process for securing the data by offering secured services to the end user.
There are various enterprises which are adopting bring your own device (BYOD) and are sharing their data online allowing the user to access data from anywhere which raises the concerns for security, which is an essential factor driving the market globally.
Some of the benefits of using mobile user authentication are that there is multi-level security and low data redundancy, among others; this also fuels the market growth.The global mobile user authentication market has been segmented based on component, organization size, and end user.By component, the mobile user authentication market has been segmented into solutions and services.
The solution segment accounts the largest market share due to increasing cyber-attacks, data breaches, ransomware, and others.
Moreover, mobile user authentication software solutions validate the end user by sending an OTP or other methods for confirming the authorization.The market has been segmented, by organization size, into large enterprises and SMEs.
ReportCrux Market Research has published a Latest report titled Print Management Software Market By Organization Size (Large Enterprises and SMEs); By Software Type (Embedded Software and Stand-alone Software); By End User (Healthcare, Media and Entertainment, BFSI, Retail, IT and Telecommunications and Other End Users) and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 - 2027".Print Management Software Market SizePrint Management Software market is estimated to grow from USD 399.1 Million in 2020 to USD 1,382.3 Million by 2027, at a CAGR of 16.8% between 2020-2027.Print management software offers efficient and effective optimization and management of overall printing processes as well as devices.
Increased adoption of print management software is due to optimized management of networked devices or printers.To enhance user experience, service providers are also offering variety of value-added features such as network security, information governance and regulatory compliance, user authentication, data & document security etc.Market OverviewThe market report covers a basic overview of the market from the industry perspective.
This will help the reader to get a gist about different industry dimensions from a manufacturer's view.
The report divides the market into different sections and is comprised of market revenue (value) by segments.The report provides market data from 2016 till 2027, wherein, 2016 to 2018 will be historic years, 2019 would be the base year and 2020 to 2027 will be forecast years.
Print management software allows secure and managed printing with user authentication, auditing, print and copy control, thereby allowing better printing process management.
Thus, BFSI sector has widely deployed print management software contributing to largest revenue share.Print Management Software CompaniesThe top 14 Key players in Print Management Software market analysisCanon Inc., ePaper Ltd., Hewlett-Packard Development Company, L.P., Maprinter, Nuance Communications, Inc., PaperCut Software International, Pcounter, Print Manager, Printix.net, Ringdale UK Ltd., Sepialine, Inc., United Carlton, Xerox Corporation, Y Soft CorporationRegional AnalysisNorth America Captured Largest Revenue Share of Almost 38% in 2019At regional level, North America held largest market share of almost 38% in 2019.
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