Dublin, July 09, 2024 (GLOBE NEWSWIRE) -- The "Phone-based Authentication Solutions - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Phone-based Authentication Solutions was valued at an estimated US$6.2 Billion in 2023 and is projected to reach US$17.8 Billion by 2030, growing at a CAGR of 16.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the phone-based authentication solutions market is driven by several factors, including increasing cyber threats, regulatory requirements, and the widespread adoption of mobile devices. As cyber-attacks become more sophisticated and prevalent, organizations are prioritizing robust authentication mechanisms to protect their digital assets and customer data. Regulatory frameworks, such as the General Data Protection Regulation (GDPR) and the Payment Card Industry Data Security Standard (PCI DSS), mandate strong authentication practices, further propelling the demand for secure authentication solutions.
Additionally, the rapid proliferation of smartphones and mobile internet usage has created a conducive environment for the adoption of phone-based authentication, as users seek convenient and secure ways to access their accounts and perform transactions. As these trends continue, the market for phone-based authentication solutions is expected to experience substantial growth, driven by the need for enhanced security in an increasingly digital world.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Single-Factor Certification Method segment, which is expected to reach US$8.0 Billion by 2030 with a CAGR of a 12.2%. The Multi-Factor Certification Method segment is also set to grow at 21.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.7 Billion in 2023, and China, forecasted to grow at an impressive 22.8% CAGR to reach $4.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Phone-based Authentication Solutions Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Cisco Systems, Inc., Deepnet Security Ltd., Duo Security, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors Featured:
- Cisco Systems, Inc.
- Deepnet Security Ltd.
- Duo Security
- Entersekt (Pty) Limited
- Entrust Corporation
- Eset Spol. Sro
- Microsoft Corporation
- OneSpan, Inc.
- SecureAuth Corporation
- SecurEnvoy Limited
- Shearwater Group Plc
- Swivel Secure
- TeleSign Corporation
- Thales Group
- Trustwave Holdings, Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 279 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $6.2 Billion |
| Forecasted Market Value (USD) by 2030 | $17.8 Billion |
| Compound Annual Growth Rate | 16.4% |
| Regions Covered | Global |
Key Topics Covered:
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Phone-based Authentication Solutions - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Incidents of Cybersecurity Threats Throw the Spotlight on Phone-Based Authentication
- Technological Advancements in Biometric Authentication Propel Market Growth
- Rising Adoption of Multi-Factor Authentication (MFA) Drives Demand for Phone-Based Solutions
- Integration with Mobile Banking and Financial Services Expands Addressable Market Opportunity
- Regulatory Compliance and Data Protection Requirements Strengthen Business Case for Phone-Based Authentication
- Enhanced Security Features Propel Market Growth
- Increasing Utilization in E-commerce and Online Retail
- Strategic Collaborations and Partnerships Expand Solution Offerings
- Growing Use of AI and Machine Learning in Authentication Drives Adoption
- The Role of Phone-Based Authentication in Reducing Fraud and Identity Theft
- Focus on Reducing Password Fatigue and Enhancing Convenience Propels Demand
- Innovations in One-Time Password (OTP) and Push Notification Authentication Strengthen Market Position
- Rising Demand for Secure Remote Access Solutions
- The Impact of COVID-19 on Accelerating Digital Authentication Adoption
- Growing Utilization in Enterprise and Workforce Management Expands Addressable Market
- The Role of Authentication Solutions in Enhancing Mobile Security
- Increasing Consumer Awareness About Cybersecurity Generates Demand
- The Impact of Blockchain Technology on Future Authentication Solutions
4. GLOBAL MARKET PERSPECTIVE
- World Phone-based Authentication Solutions Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
- World Recent Past, Current & Future Analysis for Phone-based Authentication Solutions by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- World Historic Review for Phone-based Authentication Solutions by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Phone-based Authentication Solutions by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Single-Factor Certification Method by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- World Historic Review for Single-Factor Certification Method by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Single-Factor Certification Method by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Multi-Factor Certification Method by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- World Historic Review for Multi-Factor Certification Method by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Multi-Factor Certification Method by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for BFSI End-Use by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- World Historic Review for BFSI End-Use by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for BFSI End-Use by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Payment Card Industry (PCI) End-Use by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- World Historic Review for Payment Card Industry (PCI) End-Use by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Payment Card Industry (PCI) End-Use by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Government End-Use by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- World Historic Review for Government End-Use by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Government End-Use by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- World Historic Review for Other End-Uses by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
For more information about this report visit https://www.researchandmarkets.com/r/khcynt
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