[June 23, 2018] |
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Global Phone-based Authentication Solutions Market to Post 24% CAGR During 2018-2022 | Technavio
The global phone-based authentication solutions market is expected to
register a CAGR of close to 24% during the period 2018-2022,
according to the latest market research report by Technavio.
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https://www.businesswire.com/news/home/20180623005072/en/
Technavio has published a new market research report on the global phone-based authentication solutions market from 2018-2022. (Graphic: Business Wire)
A key factor driving the market's growth is the increasing number of
smart connected devices. The number of smart connected devices across
the world is expected to reach 21 billion by 2020. Various organizations
are focusing on maintaining, managing, and monitoring data, which will
increase the demand for network communication. Education, retail, and
BFSI organizations are improving their processes by adopting Internet of
Things (IoT) for analysis. The close monitoring of business processes
necessitates the development of effective information security products
and services in real time.
This market research report on the global
phone-based authentication solutions market 2018-2022 provides
an analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio predicts an emerging trend
as a major factor that has the potential to significantly impact the
market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing
In this report, Technavio highlights the implementation of BYOD in
enterprises as one of the key emerging trends in the global phone-based
authentication solutions market:
Global phone-based authentication solutions
market: Implementation of BYOD in enterprises
The increasing use of mobiles such as netbooks, smartphones, and other
handheld devices drives the growth of the global phone-based
authentication solutions market. The growing adoption of mobile devices
has necessitated the need for authentication. The bring your own device
policy enables employees to use their personal devices such as laptops,
smartphones, tablets, and desktops for official purposes. It allows
employees to perform their work without the constraints of time or
location, which reduces the operational costs of companies and increases
the productivity of employees.
"SMEs are the major adopters of the BYOD policy because it reduces
their operational costs. employees using their own devices must
authenticate their credentials to use business data, applications, and
services. Out of the different authentication methods such as hardware
and software authentication, phone-based authentication is
cost-effective as it does not use hardware tokens," says a senior
analyst at Technavio for research on IT security.
Global phone-based authentication solutions
market: Segmentation analysis
This market research report segments the global phone-based
authentication solutions market into the following end-users (BFSI, PCI (News - Alert),
and government) and key regions (the Americas, APAC, and EMEA).
The BFSI segment held the largest market share in 2017, accounting for
nearly 45% of the market. This end-user segment is expected to dominate
the global market throughout the forecast period.
The Americas held the highest share of the global phone-based
authentication solutions market in 2017, accounting for a market share
of approximately 46%. The market share occupied by this region is
anticipated to decrease during 2018-2022.
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Market characteristics
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Market segmentation analysis
Market Sizing
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Market sizing
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Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
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Regional comparison
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Key leading countries
Market Drivers
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Vendor Landscape
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Vendors covered
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Vendor classification
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Market positioning of vendors
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Competitive scenario
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180623005072/en/
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