About the Advanced Authentication Market
Data security is a major concern for enterprises, government organizations, and individuals. Identity badges, numeric keypads, and PINs were the most popular devices used to prevent unauthorized access to sensitive data and assets. However, hacking these security codes was easy. Advanced authentication solutions, which were introduced in 2012, use a number of authentication techniques such as hardware OTP authentication, smart card-based authentication, phone-based authentication, and biometrics. Advanced authentication solutions are security systems that require two or more types of authentication to verify a transaction, which act as a security layer and make it difficult for an unauthorized person to access a database or computing device. Increased usage of mobile devices such as smartphones, laptops, and tablets for banking and e-commerce has increased the need for advanced authentication solutions.
Technavio’s analysts forecast the Global Advanced Authentication Market to grow at a CAGR of 16.95% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Advanced Authentication Market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of multi-factor authentication solutions (two-factor authentication solutions and three-factor authentication solutions) and biometrics technologies. The revenue includes hardware tokens, biometrics scanners and cameras, software solutions, and services. The revenue generated from after-sales services is not considered.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Advanced Authentication Market 2016-2020"
Technavio recognizes the following companies as the key players in the Global Advanced Authentication Market: CA Technologies, Crossmatch, EMC, Entrust Datacard, and Gemalto."
Other Prominent Vendors in the market are: Authenex, BIO-Key, Deepnet Security, Dell, Duo Security, Early Warning, Equifax, FEITIAN Technologies, Fortinet, HID Global, Microsoft, SecureAuth, SecurEnvoy, SecuTech Solutions, SMS Passcode, Swivel Secure, Symantec, Technology Nexus, TeleSign, Tricerion, VASCO, VMware, and Yubico."
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends boosting market growth is the emergence of mobile biometrics. With the implementation of the BYOD policy in enterprises and an increase in the adoption of mobile devices among individual consumers, maintaining security of enterprise and personal data is of utmost importance. Biometrics technologies are being integrated in mobile devices, which will ensure authorized access to personal and enterprise data.”"
According to the report, a key driver for market growth is the implementation of the BYOD policy. A BYOD policy allows employees to use their personal devices for work purposes. It allows employees to work without any time or location constraints, thereby increasing their productivity and reducing the operational costs of companies. SMEs worldwide are increasingly adopting BYOD policies to reduce their operational costs. This has given rise to the need to authenticate employee credentials before allowing access to business data, applications, and services."
Further, the report states that one challenge that could hamper market growth is the inferior telecom infrastructure in developing countries. "
CA Technologies, Crossmatch, EMC, Entrust Datacard, Gemalto, Authenex, BIO-Key, Deepnet Security, Dell, Duo Security, Early Warning, Equifax, FEITIAN Technologies, Fortinet, HID Global, Microsoft, SecureAuth, SecurEnvoy, SecuTech Solutions, SMS Passcode, Swivel Secure, Symantec, Technology Nexus, TeleSign, Tricerion, VASCO, VMware, Yubico.