Global Advanced Authentication Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during forecast period.
Market Definition
Advanced authentication is a software solution that improves the traditional user authentication process of user name and password by providing an opportunity to login with different types of authentication. By this advanced software, authentication process becomes easy and secure.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Market Dynamics
The global advanced authentication reports presents the complete overview of market shares, growth drivers, restrain factors, challenges and future opportunities about the market. Rising number of cybercrimes and security breaches across the world are expected to drive the global advanced authentication market. Growing adoption of digital transaction in various applications is the major driving factor behind the growth of market. Benefits such as protection from frauds, providing secure access to any organization and prevention of computer from unauthorized user access are expected to improve the market growth. Furthermore, advantages such as stronger protection, lower cost and easy implementation are ultimately driving the growth of market.
One of the main restrain factor of advanced authentication is that it can’t ensure 100% protection from hacking attacks. Major factors such as, high cost for biometric authentication, vulnerability to hacking attacks, dependency on a devices, need for regular updates and complicated corporate deployment could hamper the growth of market.
Global Advanced Authentication Market: Segmentation Analysis
By method, biometrics segment is expected to dominate the market and grow at CAGR of XX% during forecast period. Biometric authentication provides authentication based on humans physical characteristics such as face recognition, fingerprints, iris recognition, voice recognition, retinal scan and palm prints. It forms a strong connection between a person and his identity because biometric behaviors cannot be easily lost, shared or duplicated. Hence, biometric recognition is basically superior and more resistant to cyber-attacks, which directly improves the growth of market.
By solution, multi factor authentication segment dominated the market in 2018 and is expected to keep its dominance in forecast period as well. It is also called as 2- factor authentication. Multi factor authentication provides benefits such as security, compliance, flexibility, productivity and usability, which leads to the growth of market. Many multi-factor authentication retailers offer mobile phone-based authentication, it includes QR code based authentication, OTP authentication, Barcode based authentication, RFID and SMS-based verification.
By deployment mode, cloud segment is dominating the market. The growing adoption of cloud computing and IoT based technologies are expected to boost the market growth. Maintenance of cloud computing services is easier, because they do not need to be installed on each user's computer and can be accessed from different places.
Global Advanced Authentication Market: Regional Analysis
Region wise, North America is dominating the advanced authentication market and it is expected to grow at CAGR of XX% during forecast period. The US and Canada are key contributor to the growth of the market and analyzed in detail with competitive landscape of the market.
Furthermore, the increasing technological advancement and adoption of various authentication tools for the security purpose is the major driver factor behind the growth of market in the region.
The objective of the report is to present a comprehensive analysis of the Global Advanced Authentication Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Advanced Authentication Market dynamics, structure by analyzing the market segments and project the Global Advanced Authentication Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Advanced Authentication Market make the report investor’s guide.
The Scope of Global Advanced Authentication Market
Global Advanced Authentication Market, By Method
• Smart Cards
• Biometrics
• Mobile Smart Credentials
• Tokens
• User-Based Public Key Infrastructure
• Others
Global Advanced Authentication Market, By Solution
• Single Factor Authentication
• Multi-Factor Authentication
Global Advanced Authentication Market, By Deployment Mode
• Cloud
• On-premises
Global Advanced Authentication Market, By Industry
• Banking Financial Services & Insurance
• Healthcare
• Consumer Goods and Retail
• Government and Defense
• IT and Telecom
• Others
Global Advanced Authentication Market, By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Global Advanced Authentication Market, Key Players
• Microsoft
• Microfocus
• CA Technologies
• IBM
• Crossmatch
• EMC
• Entrust Datacard
• Gemalto
• Authenex
• Deepnet Security
• Dell
• Equifax
• FEITIAN Technologies
• SecureAuth
• SecurEnvoy
• SecuTech Solutions
• SMS Passcode
• Swivel Secure
• Symantec
• Technology Nexus
• HP ESSN
• Mastercard Inc.
• Atos Corporation
• CSC BSS
• Oracle Corporation
• Datacard Group
• NEC
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However, in the recent years many high profiles breaches were reported, which triggered awareness among public about importance of security measures.
The factor that is driving the growth of the global advanced authentication market are security threats, BYOD (Bring Your Own Device) and increase in mobile transactions.The global advanced authentication market is a fragmented market.
The global advanced authentication market is expected to reach approximately USD 7 billion by 2023 growing at a CAGR of 12% during the forecast period 2017-2023.Some of the leading market players in the global advanced authentication market: CA Technologies (U.S.), IBM Corporation (U.S.), HP ESSN (U.S.), CSC BSS (India), Oracle Corporation (U.S.), MasterCard Inc. (U.S.), Atos Corporation (France), Versasec AB (Sweden), Gemalto (the Netherlands), Datacard Group (U.S.) and others Browse Full Report Details @ https://www.marketresearchfuture.com/reports/advanced-authentication-market-4747 Regional Analysis:The global market is segmented on the basis of region into North America, Asia Pacific, Europe, and Rest of the world.
North America leads the global advanced authentication market owing to concentration of leading players in this region.In February 2017, Leadership Compass report from KuppingerCole, a leading analyst firm for identity and access management, named CA Technologies a Leader in adaptive authentication.
These optional features help companies adhere to a higher standard of business regulations and compliance.Europe holds the second position in the global advanced authentication market.
Atos Corporation (France), a leading digital transformation company, is planning to launch a new ultra-secure authentication method in its Evidian Enterprise SSO solution.
According to the latest report by IMARC Group titled, “Advanced Authentication Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global advanced authentication market size reached a value of US$ 11.1 Billion in 2020.
Looking forward, IMARC Group expects the global advanced authentication market to reach a value of US$ 24.10 Billion by 2026, exhibiting a CAGR of 13.80% during 2021-2026.
Advanced authentication refers to a verification approach that helps users gain access to a specific physical or virtual space.
It is a much safer way to secure sensitive information while providing enhanced speed and convenience of access.
The verification process can involve knowledge-based variables like security questions and password, or inherence-based variables like fingerprints.
These advanced authentication systems are widely utilized by various businesses and organizations to prevent fraud cases and security breaches.As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
