Albany, NY -- (SBWIRE) -- 11/18/2016 -- The latest report, titled "Global Phone-Based Authentication Market 2016 – 2020," is based on the trends that have affected or augmented the market's growth rate over the recent past and in current times. These facts and figures allow analysts to derive a conclusive and highly accurate projection for the global phone-based authentication market till 2020, which players and report users can then use to gauge their standing in it. The data presented in the report is intended for a player's improvement in the global phone-based authentication market with regards to market share and business direction.

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According to the report, the global phone-based authentication market is expected to progress at a whopping CAGR of 49.40% within a forecast period from 2016 to 2020. As mentioned in the report, the leading driver for the global phone-based authentication market is the growing use of its products and services within an enterprise ICT ecosystem. While common consumer use of phone-based authentication services and tools is already widespread, especially across developed regions, the scope of using identical services and tools within the corporate realm is exceptionally high. This process will improve the work rate of employees and process flows to a significant effect.

Another visible trend currently augmenting the global phone-based authentication market is the growing adoption of its services in retail and healthcare. Both sectors are witnessing an influx of innovative products and services from the global phone-based authentication market to meet the growing demand from hospitals and retail stores. However, the global phone-based authentication market is currently being restricted by the constantly changing policies regarding out of bounds usage of SMS facilities.

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To calculate the future scope of growth in the global phone-based authentication market, the report makes use of all key factors responsible for core revenue generation for its players. These include the sales of phone-based authentication software use for calls, emails, and authentication through SMS using OTPs. The report takes into account the current figures for all the above factors and uses proven research methodologies and market trend assessment to generate an accurate representation of the market's future.

The geographical segmentation of the global phone-based authentication market is done to give regional players a clearer perspective on the market they work in. It also provides globally prominent players a better view of all locations that can prove to be beneficial for their company's growth.

Some of the leading players in the global phone-based authentication market today, in terms of market share, are CA Technologies, Gemalto, Symantec, and Vasco. Other prominent vendors mentioned in the report include Entrust Datacard, IdentityGuard, Mi-Token, Early Warning, SecurEnvoy, HID Global, Deepnet Security, EZMCOM, Swivel Secure, and TeleSign.

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