Global Mobile User Authentication Market

Mobile User Authentication Market Size, Share, Growth Analysis, By Authentication Type(Two-factor Authentication, Biometrics or Multi-factor Authentication), By Organization Size(Small and Medium Enterprises (SMEs), and Large Enterprises), By Industry Vertical(Education, BFSI) - Industry Forecast 2024-2031

Report ID: SQMIG45A2315 | Region: Global | Published Date: April, 2024
Pages: 189 | Tables: 94 | Figures: 74

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Mobile User Authentication Market size was valued at USD 1.5 Billion in 2022 and is poised to grow from USD 1.83 Billion in 2023 to USD 27 Billion by 2031, growing at a CAGR of 22.53% in the forecast period (2024-2031).

The competitive environment of the Mobile User Authentication Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The mobile user authentication market is competitive and has several vendors offering various authentication solutions. RSA Security Multi-factor authentication (MFA), biometric authentication, and risk-based authentication. 'Symantec Corporation', 'CA Technologies Inc.', 'Gemalto N.V.', 'Vasco Data Security International', 'Tele Sing Corp.', 'Entrust Datacard Corporation', 'Authentify Inc.', 'Plurilock Security Inc.', 'Securenvoy Plc', 'SECUREAUTH Corporation', 'EMC Corporation.', 'Stytch', 'Aware Inc', 'RSA Security LLC (Dell Technologies)', 'OneSpan Inc.', 'Duo Security (Cisco Systems Inc.)', 'Nexus Group', 'Entrust Datacard Corporation'

Cloud technologies are an important trend in fraud detection and prevention. It provides robust power generation, storage space and the Internet and cloud technology, which enables faster investigations into cybercrime. In addition, small and medium-sized companies operating in banks and financial institutions are actively implementing cloud-based fraud detection and prevention services in their organizations. For example, in November Salesforce .com, Inc. reported 10,000 euros. collaborated with. The partnership aims to integrate Salesforce Commerce Cloud with the company’s real-time fraud prevention platform. The integration provides capabilities such as predictive analytics, machine learning, customer profile strategies, and more.

Rise in the Emergence of Avant-garde Ecommerce Services: The emergence of avant-garde ecommerce services such as Amway, Flipkart, MakeMyTrip, Amazon, OLX etc. increases the need for end-to-end connectivity to protect sensitive customer data and leading to increased demand in the in the mobile user authentication market. Indeed, growing digital analytics applications are rapidly evolving to manage the massive increase in structured and unstructured data, and beat the basics wall.

Europe's region holds the second largest market share in the mobile user authentication market due to rising smartphone and tablet usage in the region, as well as technologies such as facial recognition and fingerprint recognition by German manufacturers mobile. The mobile user authentication market had the largest market share, and the UK mobile user trust market is the fastest growing market in the European region.

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