Mobile User Authentication Market 2024 – A New Age Revolution in IT Solutions

Global Mobile User Authentication Market to Post 25.9% CAGR from 2019 to 2024

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.

Global Mobile User Authentication Market: Segmental Analysis

The segmental analysis of the market has been conducted based on organization size, component and end user.

On the basis of organization size, the market has been segmented into small and medium sized enterprises and large enterprises. On the basis component, the market has been segmented into retail, IT & telecommunication, media and entertainment, BFSI, healthcare, government and others. On the basis of component, the market has been segmented into services and solutions

Global Mobile User Authentication Market: Regional Analysis

Key regions covered in the report include Asia Pacific, Europe and North America. The Asia Pacific (APAC) market covers countries such as Japan, China, Singapore, India among others. The Europe market covers countries such as Germany, the UK, France, Italy, Spain among others. The North America market covers the US, Mexico and Canada. In terms of value, North America currently commands the largest share of the global mobile user authentication market. This is mainly owing to presence of numerous prominent vendor, which include TeleSign Corporation, CA Technologies Inc., SecureAuth Corporation, Entrust Datacard Corporation, and Microsoft Corporation. Many of these companies offer services and solutions catering to several industrial domains which are in need for robust data security. Furthermore, the growing trend of bring-your-own-device and increased risk of cyber-attacks are prompting enterprises to adopt robust security solutions such as mobile user authentication.

Europe following on the heels of North America occupies the second spot in the global mobile user authentication market in terms of revenue. Technologically advanced countries such as Germany, the UK, Netherlands, France among others are expected to make important contributions to the region’s market during the assessment period.

More Information@

Mobile User Authentication Market by Type, Size, Growth and Forecast – 2024 | MRFR

Mobile User Authentication Market is assessed to reach USD 3.45 billion by 2024, registering a CAGR …

Read on marketresearchfuture.com

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]