Phone Based Authentication Solutions Market – 23.8% CAGR to 2022

Forecasts show phone-based authentication solutions market growth driven by increasing smart connected devices with Y-o-Y growth rate for 2018 estimated at 22.5% and Americas occupying a large share of 45% of the projected growth.

Selbyville, United States – July 3, 2018 /MarketersMedia/ —

MarketStudyReport.com adds Global Phone-based Authentication Solutions Market 2018-2022, a new research report that considers revenue generated from sales to end-users such as BFSI, payment card industry, government, and others while calculating the market size.

The implementation of BYOD in enterprises will be a key trend driving the growth of phone-based authentication solutions market. With the growing adoption of mobile devices such as netbooks, smartphones, and other handheld devices are driving the requirement for authentication. The reduced operational costs encourage several organizations, primarily SMEs, to opt for BYOD policy. This policy demands for specific authentication solutions and IT service delivery to guarantee electronically secure environment.

The BFSI segment held the largest market share in 2017, accounting for nearly 45% of the market. This end-user segment is expected to dominate the phone based authentication solutions market throughout the forecast period. The Americas held the highest share of the global industry in 2017, accounting for a market share of approximately 46%.

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Further, the report states that the need for change in existing business processes will impact the phone-based authentication solutions market growth. With the implementation of authentication solutions, organizations must modify their business processes due to the requirement for modified roles and responsibilities of the employees. This challenges the implementation by various vendor due to the requirement for complex transition of people, processes, hardware, software, and other assets.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive phone-based authentication solutions market and vendor landscape in addition to a SWOT analysis of the key vendors. Companies like CA Technologies, Gemalto, Shearwater Group, Symantec and VASCO Data Security International are profiled in this research.

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Another report titled “Global and Chinese Phone-Based Authentication Industry, 2013-2023 Market Research Report” is a professional and in-depth study on the current state of the global Phone-Based Authentication industry with a focus on the Chinese market. The report provides key statistics on the market status of the Phone-Based Authentication manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for each company.

Through the statistical analysis, the report depicts the global and Chinese total market of Phone-Based Authentication industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. The report then estimates 2018-2023 market development trends of Phone-Based Authentication industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Phone-Based Authentication Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2013-2023 global and Chinese Phone-Based Authentication industry covering all important parameters. Complete report is available at
https://www.marketstudyreport.com/reports/global-and-chinese-phone-based-authentication-industry-2018-market-research-report .

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Source URL: https://marketersmedia.com/phone-based-authentication-solutions-market-23-8-cagr-to-2022/371423

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Source: MarketersMedia

Release ID: 371423