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Global Advanced Authentication Industry Will Grow Steadily at a CAGR of 16.95% During the Period 2016-2020

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Albany, NY -- (SBWIRE) -- 01/27/2017 -- 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.

Technavios 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:

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Technavio's report, Global Advanced Authentication Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
CA Technologies
Entrust Datacard

Other prominent vendors
Deepnet Security
Duo Security
Early Warning
FEITIAN Technologies
HID Global
SecuTech Solutions
SMS Passcode
Swivel Secure
Technology Nexus

Market driver
Implementation of BYOD policy
For a full, detailed list, view our report

Market challenge
Inferior telecom infrastructure in developing countries
For a full, detailed list, view our report

Market trend
Emergence of mobile biometrics
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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