Saturday, 27 November 2021 11:54 GMT

Mobile User Authentication Market 2021 to 2030 Globally Exploring Sales Volume Revenue and Price by Types


(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for  Mobile User Authentication Market  for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021.

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However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for  Mobile User Authentication Market  products.

Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

The Global 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

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Market Synopsis

.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.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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. 

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Segmentation

The global mobile user authentication market is segmented based on component, organization size, end-user and regionBased 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)

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).

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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.

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.  

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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

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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Darlene Dooley

Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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