Advanced Authentication Market, 2027 Business Statistics Focus Report Growth by Top Key Players | IBM, Symantec, ), CA Technologies
Market
Scenario:
The
Advanced
Authentication Market is garnering rapid traction
worldwide. Market growth attributes to rising data security concerns in
enterprises, government organizations, and individuals. Besides,
the rise in the development of new viruses and implementations of advanced
authentication solutions to give convenient and secure access to information
drives the growth of the market.
Advances in authentication techniques such
as OTP (one-time-password) authentication, phone-based authentication, and
biometrics push the advanced authentication industry. Moreover, the increase in
cybercriminal activities, such as hacking of identity badges and numeric pins,
boosts the advanced authentication market share. The rising uptake of IoT
securities in BSFI and telecom sectors creates substantial market demand.
Spurring rise in demand for the latest
security and authentication technologies in various information-sensitive
industries escalates the market growth. Market Research Future (MRFR), in its
latest advanced authentication market report, asserts that the market is poised
to grow at a 12% CAGR during the review period (2017-2023).
Many organizations are increasingly shifting their
traditional data storage methods to cloud-based data storage, thereby requiring
high-security services. Additionally, the high adoption of cloud-based
technology by organizations and government agencies accelerates the market
growth. Also, increasing digital payments via
smartphones and evolving network services create substantial market demand.
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Competitive Outlook:
Highly
competitive, the advanced authentication market appears fragmented, with
several key players forming a competitive landscape. These players make substantial
investments to drive R&D activities and expansion. This market is
expected to witness fierce competition due to increasing innovations and
strategic initiatives. Players active in the global advanced
authentication market include IBM Corporation (US), CA Technologies (US), HP
ESSN (US), Oracle Corporation (US), CSC BSS (India), MasterCard Inc. (US),
Versasec AB (Sweden), Atos Corporation (France), Gemalto (the Netherlands),
Datacard Group (US), among others.
Segmentation:
The
advanced authentication market segments are defined as solution, product,
deployment, end-users, and regions. The solution segment is sub-segmented into
single-factor authentication and multi-factor authentication. The product
segment is sub-segmented into hardware, software, and services. The hardware
segment is further bifurcated into hardware tokens, biometrics, smart cards,
and others.
The deployment segment is sub-segmented
into on-premise and on-cloud. The end-users segment is sub-segmented into BFSI,
utilities, government, retail, and others. By regions, the market is
sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
Regional
Analysis:
North
America dominates the global advanced authentication market. The market growth
attributes to the rapid deployments of advanced authentication solutions and
services, mainly in BFSI, eCommerce, and mobile payments. Besides, the presence
of a large number of technology providers and efficient agencies working
against cybercrimes drive the market growth in the region.
Moreover, substantial technological
advancements and investments made in developing authentication technology
foster market growth. Rapid uptake of mobile and cloud applications in banking,
government, energy & utility services boost the market demand colossally.
The US accounts for the largest share in the advanced authentication market in
North America, followed by Canada and Mexico, respectively.
Europe seizes the second-highest share in
the global advanced authentication market. Factors such as the increasing
uptake of advanced authentication solutions in government establishments like
cyber authorities & policies to protect confidential data in small and
large organizations push the regional market growth. Additionally, the growing
adoption of advanced analytics and increased data security issues propel the
regional market growth.
The Asia Pacific advanced authentication
market is growing rapidly. Factors such as the increasing cyber-attacks and the
rising demand from banking & financial services positively impact the
market growth in the region. The APAC advanced authentication market is
forecasted to register the highest CAGR over the review period.
Industry News
QOMPLX,
a leading risk analytics provider, announced the acquisition of a
cyber-intelligence company - Sentar Inc., to drive active directory security
and authentication attack detection and advanced security data fusion use
cases.
The acquisition would enhance QOMPLX’s
cybersecurity intelligence, operations, and service delivery across the
government. Sentar and QOMPLX had already partnered around industrial control
systems security and continuous monitoring using shared expertise and QOMPLX
software and analytics.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
Continued….
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