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Market 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. Mobil phones are a staple in the modern world. Rapid mobile phone proliferation coupled with digitization has created new dimensions of application. Modern consumers heavily rely on mobile phones running day-to-day errands.

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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. Increased phishing activities are resulting in a higher demand for reliable authentication barriers. Moreover, growth of cloud technology and its adoption by individuals, organization, and industries is viewed as a major market driver.

Mobile user authentication facilitates validation, authentication and verification with element such as biometrics, geographical positioning, timestamps and biometrics. On the back of rapid virtualization and digitization, data volumes continue to grow which is also reflecting favourably for the market. Digitization has been rampant in industrial verticals due to the host benefits it bring along. However, new treats are appearing which mostly pertain to data theft, privacy breach, digital espionage, etc. In order to prevent such risks, businesses are adopting mobile user authentication.

Global Mobile User Authentication Market: Segmental Analysis

The segmental analysis of the market has been conducted based on organization size, component and end user.

On the basis of organization size, the market has been segmented into small and medium sized enterprises and large enterprises. On the basis component, the market has been segmented into retail, IT & telecommunication, media and entertainment, BFSI, healthcare, government and others. On the basis of component, the market has been segmented into services and solutions

Global Mobile User Authentication Market: Regional Analysis

Europe following on the heels of North America occupies the second spot in the global mobile user authentication market in terms of revenue. Technologically advanced countries such as Germany, the UK, Netherlands, France among others are expected to make important contributions to the region’s market during the assessment period.

Market 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. Mobil phones are a staple in the modern world. Rapid mobile phone proliferation coupled with digitization has created new dimensions of application. Modern consumers heavily rely on mobile phones running day-to-day errands.

APAC is viewed as an emerging market for mobile user authentication. Rising number of internet user and expansion of end-use industrial verticals such as media & entertainment and BFSI is favouring the market growth. Other factors such as presence of a large consumer pool and rising level of awareness are also contributing to the growth of the market.

Global Mobile User Authentication Market: Competition Analysis

Swivel Secure Ltd (UK), CA Technologies Inc. (US), Gemalto NV (Netherlands), Vasco Data Security International Inc. (US), SecureAuth Corporation (US), TeleSign Corporation(US), Microsoft Corporation (US), SecurEnvoy PLC (UK), Entrust Datacard Corporation (US), Symantec Corporation (US), EMC Corporation (US), and Authentify Inc. (US) are among the prominent companies operating in the global market for mobile user authentication.

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