This market research report includes a detailed segmentation of the global advanced authentication market by technology (multi-factor authentication and biometrics) and by end users (government organizations, large enterprises, and SMEs). It also outlines the market shares for key regions such as the Americas, EMEA, and APAC. The leading vendors analyzed in this report are CA Technologies, Crossmatch, EMC, Entrust Datacard, and Gemalto.
Technavio’s market research analysts predict the global advanced authentication market to grow at a CAGR of almost 17% between 2016 and 2020. The primary driver for the market is the increase in mobile workforce such as traveling executives, sales representatives, and field workers. The increased use of mobile devices enables employees to access confidential data from remote locations, but not without the threat of compromising the organization’s confidential data. This triggers an increasing demand for advanced authentication solutions to safeguard sensitive enterprise information against malware attacks and other security threats. Currently, the Americas dominate the market by accounting for over 41% of the overall market share. The increased investments in advanced authentication solutions stimulated by an increase in revenue due to the existence of a number of banks and financial organizations are likely to have a positive influence on the market in this region by 2020.
The new market research report from Technavio presents a breakdown and analysis of the advanced authentication segments by technology.
“The implementation of biometrics is the latest trend in the global advanced authentication market. Maintaining security of enterprise and personal data is of utmost importance, especially with the implementation of bring your own device (BYOD) policies and an increase in the adoption of mobile devices. Integrating biometrics technologies in mobile devices ensure authorized access to personal and enterprise data,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research.
In 2015, the biometrics segment dominated the global advanced authentication market by accounting for over 77% of the overall market share. This segment of the market is expected to grow steadily during the forecast period as more enterprises are transitioning to biometrics technologies such as fingerprint recognition, voice recognition, and facial recognition due to its high accuracy.
The key vendors in the global advanced authentication market include CA Technologies, Crossmatch, EMC, Entrust Datacard, and Gemalto. The global advanced authentication market is highly fragmented because of the presence of numerous small and large vendors. The providers in the market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion. The high level of vendor competition in this market has led to an increase in the number of mergers and acquisitions.
A more detailed analysis is available on the Technavio report, Global Advanced Authentication Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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