Mobile User Authentication Market Size
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Mobile User Authentication Market Size. The growth sectors of the Mobile User Authentication Market Size are identified with precision for a better growth perspective.
According to MRFR, the Global Mobile User Authentication Market is estimated to reach USD 3.45 Billion by 2024, recording a CAGR of 25.9% during the forecast period (2019–2024).
Market Highlights
One of the key drivers of the mobile user authentication market is rising data generation due to the growing digitisation and virtualization industry. In addition, there has been an increase in corporate organizational efficiency due to digitalisation, as data can be conveniently transferred from one stage to another without any difficulty. However, related security concerns, such as cyberattacks and data breaches, are subject to impact on companies. Therefore, in order to make data more reliable, including confidential data, contract details and details on research and development, businesses and organizations are moving towards mobile user authentication. In addition , other factors such as the rising trends in online data sharing and BYOD, as well as the increasing traction among businesses, drive demand for mobile user authentication to secure data from fraudulent activities and other vulnerabilities. Growing global cloud adoption also leads to data sharing, making it easier for companies , organisations, industries and individuals.
Market Segmentation
The global mobile user authentication market is analyzed based on organization size, component, end-user and region.
Based on component, global mobile user authentication market has been divided into solutions and services. The solution segment has been further divided as biometric authentication, one-time passwords, QR code validation and others.
The global mobile user authentication market, based on the organization size, has been bifurcated into large enterprises and SMEs.
By end user, the global mobile user authentication market has been segmented into IT & telecommunication, BFSI, retail, healthcare, government, media and entertainment, and others.
Regional Review
It is expected that the global demand for mobile user authentication will expand at a significant rate over the 2018 to 2024 forecast period. Global smartphone app authentication geographic research was performed for North America (the United States, Canada , and Mexico), Europe (the United Kingdom , Germany , France, Spain , Italy, and the rest of Europe), Asia-Pacific (China , Japan , India, Singapore, and the rest of the Asia-Pacific), and the rest of the world (the Middle East , Africa and South America).
Owing to the presence of numerous primary vendors, such as CA Technologies Inc., Microsoft Corporation, Entrust Datacard Corporation, SecureAuth Corporation, and TeleSign Corporation North America reported the largest market share in2018. With the help of the mobile user authentication software, these companies offer the solutions and services for various industries to secure the data. In addition, the the acceptance of BYOD and the the threat of high-profile cyber-attacks by different business enterprises are the major driving factors for the industry.
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Mobile User Authentication Market SizeThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Mobile User Authentication Market Size.
The growth sectors of the Mobile User Authentication Market Size are identified with precision for a better growth perspective.According to Market Research Future, the global mobile user authentication market has been segmented based on component, organization size, end user, and region.Mobile user authentication is a technological process for securing the data by offering secured services to the end user.
There are various enterprises which are adopting bring your own device (BYOD) and are sharing their data online allowing the user to access data from anywhere which raises the concerns for security, which is an essential factor driving the market globally.
Some of the benefits of using mobile user authentication are that there is multi-level security and low data redundancy, among others; this also fuels the market growth.The global mobile user authentication market has been segmented based on component, organization size, and end user.By component, the mobile user authentication market has been segmented into solutions and services.
The solution segment accounts the largest market share due to increasing cyber-attacks, data breaches, ransomware, and others.
Moreover, mobile user authentication software solutions validate the end user by sending an OTP or other methods for confirming the authorization.The market has been segmented, by organization size, into large enterprises and SMEs.
Mobile User Authentication MarketMarket Research Future (MRFR) projects that the global mobile user authentic market will demonstrate a 25.9% CAGR between 2019 and 2024.
Additionally, the market is likely to surpass a valuation of USD 3 Bn by the end of the forecast period.
Modern consumers heavily rely on mobile phones running day-to-day errands.Mobile user authentication facilitates validation, authentication and verification with element such as biometrics, geographical positioning, timestamps and biometrics.
Digitization has been rampant in industrial verticals due to the host benefits it bring along.
In order to prevent such risks, businesses are adopting mobile user authentication.The global mobile authentication market in benefiting from emerging technology trends such as online data sharing, increase used of portable devices and robust mobile penetration worldwide.
Some of the benefits of using mobile user authentication are that there is multi-level security and low data redundancy, among others; this also fuels the market growth.The global mobile user authentication market has been segmented based on component, organization size, and end user.By component, the mobile user authentication market has been segmented into solutions and services.
ReportCrux Market Research has published a Latest report titled Print Management Software Market By Organization Size (Large Enterprises and SMEs); By Software Type (Embedded Software and Stand-alone Software); By End User (Healthcare, Media and Entertainment, BFSI, Retail, IT and Telecommunications and Other End Users) and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 - 2027".Print Management Software Market SizePrint Management Software market is estimated to grow from USD 399.1 Million in 2020 to USD 1,382.3 Million by 2027, at a CAGR of 16.8% between 2020-2027.Print management software offers efficient and effective optimization and management of overall printing processes as well as devices.
Increased adoption of print management software is due to optimized management of networked devices or printers.To enhance user experience, service providers are also offering variety of value-added features such as network security, information governance and regulatory compliance, user authentication, data & document security etc.Market OverviewThe market report covers a basic overview of the market from the industry perspective.
This will help the reader to get a gist about different industry dimensions from a manufacturer's view.
The report divides the market into different sections and is comprised of market revenue (value) by segments.The report provides market data from 2016 till 2027, wherein, 2016 to 2018 will be historic years, 2019 would be the base year and 2020 to 2027 will be forecast years.
Print management software allows secure and managed printing with user authentication, auditing, print and copy control, thereby allowing better printing process management.
Thus, BFSI sector has widely deployed print management software contributing to largest revenue share.Print Management Software CompaniesThe top 14 Key players in Print Management Software market analysisCanon Inc., ePaper Ltd., Hewlett-Packard Development Company, L.P., Maprinter, Nuance Communications, Inc., PaperCut Software International, Pcounter, Print Manager, Printix.net, Ringdale UK Ltd., Sepialine, Inc., United Carlton, Xerox Corporation, Y Soft CorporationRegional AnalysisNorth America Captured Largest Revenue Share of Almost 38% in 2019At regional level, North America held largest market share of almost 38% in 2019.
