Advanced Authentication Market 2020 Industry Size, Share, Regional Growth Analysis, Share, Trends and Forecast 2027

Security threats in every industry have been growing continuously, with hackers constantly finding different ways to hack data, and viruses being created to hack private information from individual users and enterprises. Today, most users prefer to perform transactions online; hence, it becomes necessary for an organization to put together verification solutions which help in secure access. Organizations need a reliable authentication system to confirm the truth of somebody (person) or something (object). The manual password method is too often copied, breached, or shared, thus exposing data to theft. The Criminal Justice Information System (CJIS) obligated the use of advanced authentication in organizations in order to maintain the privacy and security of data. This mandate to use the system affects all agencies that access the CJIS network, including law enforcement agencies, the judicial system, and public safety. The advanced authentication system is again revamped or advanced in order to ensure more safety and confidentiality of the data and is known as two-factor authentication. Two-factor authentication requires alternative forms of verification (or credentials) in addition to the traditional username and password. The first credentials in the authentication is always something the user has (eye scan or fingerprint), whereas the second credential is something that the user knows (pin number, password, or a challenge question).
There are various factors driving the growth of the advanced authentication market. One of the key factors is growing security threats and the need of organizations to protect themselves from these threats. Government regulations, and increasing use of advanced authentication in several industry verticals such as BFSI and healthcare is responsible for the rising growth of the advanced authentication market. Also, increased adoption of mobility is contributing to the growth of the market. The pressure on enterprises to enable partners, employees and other investors to handle more sensitive information from any device and from anywhere is also expected to help the advanced authentication market to expand further. This factor makes advanced authentication systems a vital aspect of an enterprise’s organizational strategy. The centralized policy engine in the advanced authentication system crosses all authentication methods. It is flexible, easing redundant work, and brings consistency in authentication, thus driving the growth of the advanced authentication market. Another vital factor contributing to the growth of the market is its geo-fencing facility. Geo-fencing uses global positioning technology (GPS); it allows the user to specify authentication policies on the basis of the user’s definite location, such as campus or building. These policies can be formed to limit access to users in the permitted locations in order to provide a safer environment for operation. However, inferior telecom infrastructure in developing countries and cultural factors are issues that may hamper the progress of the advanced authentication market.
Why You Need Advanced Authentication to Protect User Identities
The advanced authentication market is segmented on the basis of authentication methods, end- user industry, and geographic regions. By authentication methods, the market is segmented into smartcards, tokens, mobile smart credentials, user-based public key infrastructure, and others. On the basis of end-user industry, the market is segregated into BFSI, government, healthcare, travel and transport, defense and others. Geographically, the advanced authentication market is distributed over North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the advanced authentication market due to significant regulatory compliance and a large industrial base.
Key players in the global advanced authentication market include Fujitsu, RSA Security, Safran, NEC Corporation, Lumidigm, Gemalto, Suprema, ValidSoft, PistolStar, SecurEnvoy and others. In order to gain competitive advantage in the market, these players are vigorously involved in organic and inorganic growth strategies. Partnerships, collaborations, agreements, and new product launches are some of the vital strategies followed by them.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Request For Covid19 Impact Analysis Across Industries And Markets – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=38012
The study is a source of reliable data on:
  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis
The regional analysis covers:
  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Customization of the Report: This report can be customized as per your needs for additional data or countries. – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=38012
Related Reports Press-Release –
  1. https://www.prnewswire.com/news-releases/creation-of-digital-economies-across-key-regions-to-drive-demand-within-the-global-smart-education-and-learning-market–transparency-market-research-301059309.html
  2. https://www.prnewswire.com/news-releases/swimwear-market-expected-to-reach-us-33-075-3-mn-expanding-at-a-cagr-of-6-2-by-2026-states-tmr-807823501.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact


Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/

Comments

Post a Comment

Popular posts from this blog

Automotive Camshaft Market By Characteristics, Analysis, Opportunities And Forecast To 2027

Image
  Camshaft Market: Introduction According to the report, the global automotive camshaft market is projected to surpass ~ US$ 27 Bn by 2027 , expanding at a CAGR of ~3% during the forecast period. Asia Pacific and Latin America are anticipated to witness high growth in vehicle production and subsequently, estimated to boost the camshaft market during the forecast period. Expansion of Camshaft Market Increased adoption of double overhead camshaft (DOHC) engines in order to achieve more power is expected to drive the camshaft market. The DOHC type engine utilizes two camshafts per cylinder block, i.e., 2 camshafts in an inline engine and 4 camshafts in v engine. Increase in the number of camshafts per engine, owing to a rise in the demand for DOHC engine is projected to drive the camshaft market. The expansion of the automotive industry in developing countries such as China, India, Brazil and Mexico is boosting the camshaft market. Vehicle sales are expected to improve in Europe post t
Read more

Beverage Cans Market By New Business Developments, Emerging Trends, Innovations And Top Companies – Forecast To 2027

Image
  A beverage can is a container, specifically designed to hold liquids such as carbonated drinks, fruits and vegetables juices, flavored drinks, beer, and ready-to-drink teas and coffees. These cans are made from steel, plastic, or aluminum. Aluminum is extensively used to manufacture beverage cans, as it is sustainable and can be recycled without compromising the strength or quality. Beverage cans have a large printable surface area, which is not generally possible with other packaging formats. Use of high-definition printing and bold colors on aluminum cans attract consumer interaction with the package. Beverage cans are preferred for their convenience, lightweight, and portability and are ideal for active lifestyles, as they do not break easily. Moreover, aluminum beverage cans chill faster than other materials and provide barrier against light and oxygen, which can affect the flavor and freshness of the beverage. The global beverage cans market is anticipated to expand at a rapid p
Read more

Multifactor Authentication Market 2020 Opportunities, Future Guidelines, Value Chain Forecast To 2027

Image
The growing need for security across digital platforms has generated humongous demand within the global  multi-factor authentication market . However, digital platforms alone do not account for expansion within this market. Several physical security systems also deploy multi-factor authentication nodes to protect key assets, people, and equipment. Therefore, the growing relevance of multi-factor authentication within various industries shall fetch key revenues for the market vendors. The essence of physical and cyber security lies in creating multiple layers to protect the concerned assets. Therefore, multi-factor authentication has emerged as a launch pad for fostering greater security across various industries. The total volume of revenues within the global multi-factor authentication market is set to touch new heights in the coming times. Transparency Market Research (TMR), in one of its reports, finds that the global multi-factor authentication market would accumulate revenues
Read more