[September 30, 2016] |
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Mobile Identity Management - Top Market Drivers and Forecast from Technavio
Technavio
analysts forecast the global
mobile identity management market to grow at a CAGR of
more than 9% during the forecast period, according to their latest
report.
The research study covers the present scenario and growth prospects of
the global mobile
identity management market for 2016-2020. To
determine the market size, the study considers paid mobile identity
applications for mobile application management (MAM) and mobile
device management (MDM).
Mobile identity management plays a vital role in identity and
access management technology. Mobile identity management is used to
identify, access and pay for online services like banking. However,
with the increasing variety of digital content that can be accessed
through mobile devices, the regulatory bodies are facing challenges
in developing privacy safeguards that will encourage the development
of new applications.
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Technavio ICT
analysts highlight the following four factors that are contributing to
the growth of the global mobile identity management market:
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Increased access to high-speed internet with 3G and 4G networks
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Growing popularity of mobile applications
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Rise in number of online transactions
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Privacy concerns of mobile users
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Increased access to high-speed internet with 3G and 4G networks
Technological advances in mobile networks are among the major factors
contributing to the growing adoption of mobile security solutions. In
developed countries, mobile operators are investing heavily to expand 3G
and 4G networks. In 2014, global 3G/4G connections
were around 40% of the total connections and is expected to increase to
70% in 2020.
Mobile operators are offering high-speed mobile broadband services
that have enabled consumers to use bandwidth-intensive applications.
High-speed internet services also increase security issues for
individual customers, and they need effective mobile security solutions
to avoid internet-centric malware attacks. Thus, the increased
availability of 3G and 4G networks will boost the adoption of mobile
security solutions during the forecast period.
Growing popularity of mobile applications
Amrita Choudhury, a lead IT
security analyst at Technavio, says, "The growing demand for
mobile applications that improve device functionalities has helped
increase the availability of advanced mobile devices. Business
applications such as e-mail, calendars, and teleconferencing and
entertainment applications are readily available for free for mobile
device users. Mobile applications are an easy, quick, and practical way
of accessing favorite and important things on smartphones."
Application development is an important component of a mobile
ecosystem. Mobile apps have achieved tremendous success with their
deployment on smartphones. In future, the apps are expected to conquer
the Internet of Things (IoT)
platform that has a lot of applications such as smart car, wearables,
smart home, and smart sensors that collect, proceed, and transmit data.
Rise in number of online transactions
"Consumers are becoming more and more reliant on the internet for a
number of transactions, especially banking and e-commerce
transactions. Online transactions are gaining prominence among
individual consumers because they are very easy, quick, and convenient.
Consumers are using smartphones to make online transactions at any
time," adds Amrita.
However, these banking and e-commerce transactions are vulnerable to
cyber-attacks. Cyber-attacks are increasing in lucrative sectors such as
the banking, financial services, and insurance; payment card; and
retail, where a huge number of individual consumers operate. In order to
make online transactions secure, a number of vendors in the market, such
as Gemalto (News - Alert), are providing mobile payment security software
for preventing fraudulent activities.
Privacy concerns of mobile users
The mobile threat landscape continues to grow because of the growing
internet speed, cloud services, and a number of apps available on mobile
devices for every age group. With more people using their smartphones
for managing finances, online shopping, paying bills, and playing online
games, the threat is expected to be always on the phone. Some of the
mobile threats are malware, risky apps, device vulnerabilities,
jailbroken and rooted devices, and rogue Wi-Fi access points. A
rogue access point is a wireless access point, which is installed on a
secure network without the authorization from a local network
administrator.
Top vendor offerings:
Company
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Mobile identity products and solutions
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CA (News - Alert) Technologies
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CA Identity Manager
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Centrify
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Centrify Identity Service
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Gemalto
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Mobile ID
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Oracle (News - Alert)
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Identity-Centric Enterprise Mobility Management (EMM) Platform
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Source (News - Alert): Technavio
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20160930005162/en/
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