Mobile User Authentication Market Research Report - Global Forecast till 2027

Global Mobile User Authentication Market Research Report: by Component (Solutions, Services), by Organization Size (SMEs and Large Enterprises), by End User (BFSI, Retail, Healthcare, IT & Telecommunication, Government, Media and Entertainment and others) and by Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/ICT/6718-HCR | February 2021 | Region: Global | 111 pages         

Mobile User Authentication Market

The Mobile User Authentication Market is estimated to reach 7375.58 Million with 25.22 % CAGR by 2027

Segmentation

By Component Solutions Services
By Organization Size SMEs and Large Enterprises
By End User BFSI Retail Healthcare IT & Telecommunication Government Media and Entertainment and others

Key Players

  • Swivel Secure Ltd (UK)
  • Microsoft Corporation (US)
  • CA Technologies Inc. (US)
  • EMC Corporation (US)
  • Gemalto NV (Netherlands)
  • Symantec Corporation (US)
  • Vasco Data Security International Inc. (US)
  • Authentify Inc. (US)
  • Entrust Datacard Corporation (US)
  • SecureAuth Corporation (US)
  • SecurEnvoy PLC (UK)
  • TeleSign Corporation(US)

Drivers

  • The high rate of adoption of mobile user authentication across sectors can augment the market expansion.
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Mobile User Authentication Market Synopsis:
The Mobile User Authentication Market is estimated to reach USD 3.45 Billion by 2024, registering a CAGR of 25.9% during the forecast period of 2019–2024.


Mobile user authentication is defined as a process for identifying a user with the help of a mobile phone or any other authentication methods for more secure access to data. This process also authenticates, validates, and verifies with factors such as geographical positioning, co-ordinates, biometrics, and timestamps. One of the major factors driving the mobile user authentication market is increasing data generation due to the growing market for digitalization and virtualization. Additionally, due to digitalization, there has been an improvement in the operational functionality of enterprises as data can be shared easily from one point to another without any difficulty. However, security concerns associated with it, such as cyberattacks, and data breaches are subject to affect the enterprises. Therefore, to make data more secure, which includes confidential data, contracts information, and research & development information, the companies and enterprises are shifting towards mobile user authentication. Additionally, other factors such as the rising trends of online data sharing and BYOD, and the increasing traction among enterprises are propelling the demand for mobile user authentication to secure data from fraudulent activities, and other vulnerabilities. Increasing cloud adoption globally is also contributing to data sharing, making it easy for companies, organizations, industries, and individuals.  


Mobile User Authentication Market Segmentation:
The global mobile user authentication market is segmented based on component, organization size, end-user and region


  • Based on component, global mobile user authentication market has been segmented into solutions and services. The solution segment has been further segmented as one-time passwords, biometric authentication, QR code validation and others.

  • The global mobile user authentication market, by organization size, has been segmented into large enterprises and SMEs.

  • By end user, the global mobile user authentication market has been segmented into BFSI, retail, healthcare, IT & telecommunication, government, media and entertainment, and others.

  • By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Global Mobile User Authentication, 2018–2024 (USD Billion)  Mobile User Authentication


Source: MRFR Website


Mobile User Authentication Market Regional Analysis:
The global mobile user authentication market is estimated to grow at a significant rate during the forecast period from 2018 to 2024. The geographical analysis of the global mobile user authentication has been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe),  Asia-Pacific (China, Japan, India, Singapore, and the rest of Asia-Pacific), and the rest of the world (the Middle East and Africa and South America).


North America accounted for the largest market share in 2018 due to the presence of various key vendors such as Microsoft Corporation, CA Technologies Inc., Entrust Datacard Corporation, SecureAuth Corporation, and TeleSign Corporation. These companies are offering the  solutions and services for various industries for securing the data with the help of the mobile user authentication software. Moreover, the increasing adoption of BYOD and the rising threat of high-profile cyber-attacks among various business enterprises are the major factors driving the market.  


Europe holds the second-largest position in terms of market share in the global mobile user authentication market due to the key players such as Swivel Secure Ltd and Gemalto NV  providing solutions to organizations and individuals. Additionally, the rising usage of mobile devices across industry verticals such as BFSI, media and entertainment, and the government sector. However, the market in Asia-Pacific is expected to be the fastest-growing during the forecast period due to increasing population and increasing awareness among the users in the region which is contributing to the growth of the market in the region. 


Mobile User Authentication Market Key Players:
MRFR recognizes the key players in the global mobile user authentication market as Swivel Secure Ltd (UK), Microsoft Corporation (US), CA Technologies Inc. (US), EMC Corporation (US), Gemalto NV (Netherlands), Symantec Corporation (US), Vasco Data Security International Inc. (US), Authentify Inc. (US), Entrust Datacard Corporation (US), SecureAuth Corporation (US), SecurEnvoy PLC (UK), and TeleSign Corporation(US), among others.   


The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.


Intended Audience:



  • BFSI

  • Application Developers

  • Investors and consultants

  • System Integrators

  • Government Organizations

  • Research/Consultancy firms

  • Technology solution providers

  • IT Solution Providers

  • Cloud Service Providers

  • Instant Messaging Vendors

  • Security Solution Providers



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 3.45 Billion (2024)
  CAGR   25.9% (2019-2024)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Component, by Organization Size
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Swivel Secure Ltd (UK), Microsoft Corporation (US), CA Technologies Inc. (US), EMC Corporation (US), Gemalto NV (Netherlands), Symantec Corporation (US), Vasco Data Security International Inc. (US), Authentify Inc. (US), Entrust Datacard Corporation (US), SecureAuth Corporation (US), SecurEnvoy PLC (UK), and TeleSign Corporation(US)
  Key Market Opportunities   The market in Asia-Pacific is expected to be the fastest-growing during the forecast period due to increasing population and increasing awareness among the users in the region which is contributing to the growth of the market in the region.
  Key Market Drivers   The high rate of adoption of mobile user authentication across sectors can augment the market expansion.


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Frequently Asked Questions (FAQ) :

The mobile user authentication market can thrive at 26% CAGR by 2024.

The mobile user authentication market can value at USD 3 Bn by 2024.

Authentify Inc. (US), Vasco Data Security International Inc. (US), and Entrust Datacard Corporation (US) are some reputed names in the mobile user authentication market.

The high rate of adoption of mobile user authentication across sectors can augment the market expansion.

The rise in mobile phone ownerships can impel the North America mobile user authentication market growth.

The solution segment has been further segmented as one-time passwords, biometric authentication, QR code validation and others.