Global Authentication Services Market 2019 Technology Demand, Key Features, Types, Latest Trends, Growth Analysis and Forecast Overview by 2024
Sep 12, 2019
Global Authentication Services Market Provides In-depth Study, Size, Share, Applications and Statistics to Keep Organizations Networks Secure
Dallas, United States - September 12, 2019 /MarketersMedia/ —
Global Authentication Services Market Overview:
The Global Authentication Services Market is expected to grow at a CAGR of 22% during the forecast period (2019-2024).
- With the corporate perimeter changing, employees not only handle the internal information pertaining to the organizations but also the confidential information relating to the clients or information provided by the clients which makes it essential for the organizations to deploy authentication services that prevent any misconduct by either granting access to its employees to a specific area of the organization or information relating to any important project.
- The increasing trend of digitization has resulted in increased access via devices which has made the organizations obliged to engage authentication solutions. The BFSI sector has been tremendously affected by the digitizations with many organizations trying to digitize its services. This is expected to drive the market throughout the forecast period.
- The increasing adoption of the authentication services across the healthcare sector to maintain the confidentiality of the crucial information pertaining to a particular patient, data associated with the concerned person handling, and operating the right equipment is expected to boost the market over the forecast period.
- For instance, HCI Group, a leader in healthcare IT consulting services wanted to deploy biometric identification to track visiting hours of the licensed trainers without having to worry about the heavy IT infrastructure requirement and maintenance cost. Henceforth they adopted CloudABIS to use Biometric-as-a-service from M2SYS.
Scope of the Report:
Authentication services allow organizations to identify someone or something by providing access control for systems in which it checks the person or a things credentials against the ones stored in a database. This report segments the market by Type (Single-Factor, Multi-Factor), Deployment (Cloud, On-Premise End-User, and Geography.
Request a sample of this report @ https://www.orbisresearch.com/contacts/request-sample/3635902?utm_source=km
Key Market Trends:
BFSI Sector is Expected to Hold Significant Share.
- The utilization of banking and financial services through online portals is increasing at a high pace, which creates a demand for advanced authentication to protect the vital data of consumers associated with the banking organization.
- According to the RBI, the share of electronic transactions in the total volume of retail payments increased from 88.9% in 2016-2017 to 92.6% in 2017-2018. This represents a lucrative opportunity for the authentication service providers which could boost the growth for the market over the forecast period.
- Some of the prominent players in the BFSI sector have been adopting the authentication services which has enabled them to provide their consumers with a safe and secure environment to do their transactions.
- For instance, In March 2018, Mizuho Bank deployed Fujitsu’s Finplex Online Authentication Service for its mobile banking customers enabling the biometric login for Mizuho’s mobile customers.
- With the number of web attacks increasing drastically since 2015, coupled with an increase in the emergence of multiple platforms for transactions, has left the organizations more vulnerable to hacking and loss of critical information. This is expected to drive the need for more secure and efficient methods of operations fueling the demand for the authentication services over the forecast period.
North America is Expected to Hold the Largest Share:
- According to the Federal Trade Commission, identity thefts related to payment and banking sector are prominent in the United States, which in turn, would boost the adoption of authentication services over the forecast period.
- The increased adoption of the BYOD in the region has resulted in the increased need for the adoption of multi-way authentication and risk mitigation authentication methods. This is expected to boost the market over the forecast period.
- The increased adoption of cloud computing by the banking organizations and the financial institutions in the region, authentication services are set to gain more pace in terms of adoption.
- In 2017, Bank of America turned to the Microsoft Cloud as part of its digital transformation, in order to help deliver new business efficiencies, support digital culture change, and better meet customer needs.
- With IT and Telecommunications sector booming in the region, there has been tremendous growth in terms of the number of employees, the details pertaining to salary, office timings, and holidays are stored, which further accumulates as a big data making it essential for the organizations to keep the data safe and away from compromising.
Competitive Landscape:
The competitive rivalry in the authentication services market is high owing to the presence of some key players such as Gemalto NV, Bell Canada amongst others. The ability of these competitors to continually innovate their products and services has enabled them to achieve a competitive advantage over other players in the market. Through research and development activities, mergers and acquisitions, and strategic partnerships these players have been able to gain a larger footprint in the market.
- June 2019 - IBM announced the decision to acquire Red Hat Inc. for USD 34 billion. With this acquisition, IBM is set to become the world's number one hybrid cloud provider, offering companies the only open cloud solution.
Place a purchase order @ https://www.orbisresearch.com/contact/purchase-single-user/3635902?utm_source=km
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Some Points from Table of Content:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Growth in the Number of Digital Identities
4.3.2 Authentication Needed for Security Compliances and Regulations
4.3.3 Growing Adoption of Bring Your Own Device (BYOD)
4.4 Market Restraints
4.4.1 High Cost Involved with Matured Authentication Methods
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 TECHNOLOGY SNAPSHOT
5.1 Token-based Authentication
5.2 Tokenless Authentication
............Continued
Make an enquiry of this report @ https://www.orbisresearch.com/contacts/enquiry-before-buying/3635902?utm_source=km
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Contact Info:
Name: Hector Costello
Email: Send Email
Organization: Orbis Research
Address: 4144N Central Expressway, Suite 600
Phone: +1 (214) 884-6817
Website: https://www.orbisresearch.com/reports/index/authentication-services-market-growth-trends-and-forecast-2019-2024
Source: MarketersMedia
Release ID: 88918263
More News
Spanish firm set to buy Harland and Wolff
Spain’s state-owned shipbuilder Navantia is in exclusive talks to buy the Belfast-based shipyard.
Cyber wars and global collaboration: Huawei executive on cybersecurity
"Cybersecurity is no longer a weapon of mass disruption but of mass destruction, because it can kill lives," said Aloysius Cheang, Huawei's president of Cybersecurity & Privacy Protection and chief security officer for the Middle East and Central Asia, stressing the increasingly dangerous nature of cyberattacks.
China's economy shows stable overall performance
China's economy has continued to improve and made steady progress in high-quality development, amidst a complex and ever-evolving international landscape.
China's yuan loans grow by 16.02 trillion yuan in first 3 quarters
China's yuan-denominated loans rose by 16.02 trillion yuan (about $2.27 trillion) in the first three quarters of the year. The M2, a broad measure of money supply that covers cash in circulation and all deposits, climbed 6.8 percent year on year to 309.48 trillion yuan at the end of September.
China to enhance catalytic role of government investment
On September 26, the Political Bureau of the Central Committee of the Communist Party of China convened a meeting to analyze the current economic situation and outline the next steps for economic work. This meeting not only signaled a shift in China's macroeconomic policy but also showed the country's confidence in achieving its annual economic and social development goals, rallying the entire society to drive sustained economic recovery and improvement.
Ensuring rule-based high-quality development of the private sector
A draft law on China's private sector promotion was released to solicit public opinions last week, marking a significant milestone in the construction of a law-based business environment in China.
How Kamala Harris’s Economic Plan Has Been Shaped by Business Leaders
The vice president has repeatedly incorporated suggestions from business executives into her economic agenda.
China’s Stock Markets Rebound on Promises to Help Businesses
Assurances from government officials on plans to strengthen the private sector offset a lack of specifics about economic stimulus.
China reports 5.3% growth in foreign trade over first three quarters
China's foreign trade surged robustly in the first three quarters of 2024, surpassing the 32 trillion yuan ($4.44 trillion) mark for the first time during this period.
‘I lost £165k to fraud in an hour’ - customers say they were let down by Revolut
Revolut was named in more complaints about fraud last year than any of the UK’s biggest banks or e-money services.
TSMC 3rd-quarter profit to jump by 40% amid rising chip demand
TSMC 3rd-quarter profit to jump by 40% amid rising chip demand
John F. Kennedy Jr.’s 1990s-Era Magazine Is Back, With a QAnon Twist
It is a reanimation story strange enough for a zombie movie, made possible by the fact that the original George trademark lapsed, only to be secured by a conservative lawyer.
Evan Gershkovich, U.S. Journalist Imprisoned in Russia, Will Publish a Memoir
The memoir, which will cover his time in prison and Russia’s move toward autocracy, will be published by Crown, an imprint of Penguin Random House.
Dreaming of diamonds: Generations dig for fortune in India's gem town
In Panna, families hunt for diamonds hoping to strike rich and escape the cycle of poverty.
Thousands of cars that crash in US are ending up in Russia
The South Caucasus nation of Georgia has a huge used car market, with many vehicles finding their way over the border.
The Secretive Dynasty That Controls the Boar’s Head Brand
The deli-meat company made its owners fabulously wealthy. But they have remained silent, even as the company faces the biggest scandal in its history.
Watch: Why is the latest SpaceX rocket test a big deal?
The BBC's Pallab Ghosh explores why this world first test is a big deal for space exploration.
Fisher-Price Recalls ‘Snuga Swings’ Linked to Five Infant Deaths
The U.S. Consumer Product Safety Commission announced the recall, which one of its commissioners said was “doomed to fail.”
How Roger Goodell Made the NFL the World’s Wealthiest Sports League
Under the expansionist leadership of its commissioner, the National Football League is growing richer and richer. So, too, is Mr. Goodell.
Pakistan hosting SCO meeting is a turning point for regional diplomacy
Pakistan hosting SCO meeting is a turning point for regional diplomacy
Executives and Research Disagree About Hybrid Work. Why?
Companies like Amazon have required a return to the office five days a week despite findings showing benefits to employers that allow some remote days.
Mortgage costs 'unlikely' to return to low levels
The boss of the UK's biggest lender says mortgage costs are unlikely to fall to levels seen in the past decade.
Budget rule change could mean more money to build hospitals
Here is how the chancellor could choose to tweak the government's borrowing rules to free up more cash.
Port plan to go ahead after row over minister's comments
A £1bn investment will take place, despite a row with the owner of P&O Ferries, says the business secretary.
Why Millennials Prioritize Spending Money to Improve Their Lives
Placing a high value on personal growth, millennials and Gen Z appear more likely than older generations to make hobbies and nonessential purchases a spending priority.
Work Advice: How Can I Get My Male Boss to Notice Me?
When there are men in the room, a female colleague is made to feel invisible.
Filmed in New York, Hold the Taxis and Radiators
When independent movies like “Rosemead” travel to a state for tax incentives, they save money but add creative challenges.
China's consumer prices rose moderately in September
China's consumer prices rose moderately in September. Experts say that market demand is set to rise following the introduction of powerful new policies aimed at stimulating the economy.
California Rejects Bid for More Frequent SpaceX Launches
A commission denied a request to increase the number of rocket launches on the state’s central coast, citing environmental concerns.
Fitch Ratings Issues Warning About France’s Finances
A rating agency’s warning about the country’s ballooning debt comes as the prime minister tries to push an austerity budget through a divided Parliament.
Led by Believers in the City’s Future, Detroit Is on the Rebound
Once the largest city in the U.S. to declare bankruptcy, this Midwestern metropolis is now thriving. But some obstacles still remain.
China stimulus policy blueprint shows passion, patience & perseverance
China's economic policy shift can be viewed through three keywords: passion, patience and perseverance.
P&O owner to attend summit despite row over minister's comments
It had been feared they might pull out after Transport Secretary Louise Haigh criticised the ferry firm and urged consumers to boycott the company.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.