The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Mobile User Authentication Global Market Report 2024 offers crucial insights into the mobile user authentication market help businesses analyse and build stronger strategies.

Rapid Market Expansion

The mobile user authentication market has witnessed significant growth in recent years.

• 2023 to 2024 Growth: Projected to increase from $3.06 billion in 2023 to $3.66 billion in 2024, boasting a compound annual growth rate (CAGR) of 19.6%.
• Historic Growth Factors: The surge in adoption of smartphones and tablets, rise in mobile transactions, emergence of remote work culture, and the popularity of mobile payment apps and digital wallets have contributed to this growth.

Future Growth Projections

The trajectory continues upwards for the mobile user authentication market.

• 2024 to 2028 Growth: Expected to reach $7.51 billion by 2028 at a CAGR of 19.7%.
• Key Growth Drivers:
  • Increasing mobile device adoption
  • Rapid digital transformation across industries
  • Escalating cybersecurity threats
  • Expansion of Internet of Things (IoT) devices
  • Demand for frictionless authentication methods

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Emerging Trends in Mobile User Authentication

Several noteworthy trends are shaping the future landscape of mobile user authentication:

• Biometric Authentication Dominance: Increasing reliance on biometric authentication methods.
• Behavioral Biometrics Adoption: Utilization of behavioral biometrics for enhanced security.
• Zero Trust Security: Adoption of zero trust security frameworks.
• Blockchain-Based Authentication: Integration of blockchain technology for secure authentication.
• AI and ML Integration: Incorporation of artificial intelligence (AI) and machine learning (ML) for intelligent authentication solutions.

Rising Cybersecurity Threats Drive Market Growth

The Significance of Cybersecurity

Rising cybersecurity threats serve as a catalyst for the mobile user authentication market’s growth.

• Cybersecurity Threats: Increased connectivity, data monetization, and remote work have led to more sophisticated cyber threats.
• Role of Mobile User Authentication: Crucial in mitigating threats such as password theft, phishing attacks, device theft, and unauthorized access.
• Statistics: According to the Australian Cyber Security Centre, cybercrime reports in November 2022 reached 76,000, marking a 13% increase from the previous year.

Major Players in the Market

Key companies driving innovation in the mobile user authentication market include:

• Apple Inc.
• Google LLC
• Microsoft Corporation
• International Business Machines Corporation (IBM)
• Broadcom Inc.
• Gemalto NV
• Entrust Datacard Corporation
• HID Global
• Avast Antivirus
• RSA SecurID
• BlackBerry Limited
• CyberArk Software Inc.
• ESET s.r.o
• Ping Identity Corporation
• OneSpan

Innovations Driving Market Transformation

Introduction of TruSense

Innovative technologies like TruSense are reshaping the mobile user authentication market.

• TruSense: Developed by Route Mobile Limited, TruSense is a digital identity and security service designed to secure digital transactions.
  • Features: Offers secure authentication, reliable identity verification, and intelligent fraud detection.
  • Technological Advancements: Leverages AI and ML for real-time risk assessment and seamless identity verification.

Strategic Acquisitions

SecureAuth’s Acquisition of Cloudentity

In February 2024, SecureAuth Corp. acquired Cloudentity to enhance its solutions portfolio.

• Acquisition Details: Aims to strengthen SecureAuth’s position in the identity and access management (IAM) market.
• Cloudentity: Provider of identity-aware authorization and application security solutions.

Market Segmentation

The mobile user authentication market is segmented based on various factors:

• Authentication: Biometric Authentication, Multi-Factor Authentication (MFA), Knowledge-Based Authentication (KBA), Other Authentication.
• Deployment: Cloud-Based Authentication, On-Premises Authentication.
• Organization Size: Small and Medium-Sized Enterprises (SMEs), Large Enterprises.
• End-User Vertical: Banking, Financial Services, and Insurance (BFSI), Consumer Electronics, Government, Telecommunication, Healthcare, Manufacturing, Other End-user Verticals.

Regional Insights

Dominance of Asia-Pacific

• Current Market Leader: Asia-Pacific led the mobile user authentication market in 2023.
• Future Growth Potential: The region is poised for significant growth, driven by technological advancements and increasing digitalization.

The mobile user authentication market is witnessing remarkable growth, fueled by rising cybersecurity concerns and technological innovations. With advancements like biometric authentication and blockchain integration, the market is evolving to meet the demands of a digitally-driven world, ensuring secure and seamless access to mobile devices and applications.

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The Mobile User Authentication Global Market Report 2024  provides a comprehensive outlook of the mobile user authentication market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The mobile user authentication market forecast offers a thorough analysis on mobile user authentication market size, mobile user authentication market share, prominent players and their strategies.

The Table Of Content For The Mobile User Authentication Market Include:
1. Mobile User Authentication Market Executive Summary
2. Mobile User Authentication Market Segments
3. Mobile User Authentication Market Size And Mobile User Authentication Market Growth Rate
4. Key Mobile User Authentication Market Trends
5. Major Mobile User Authentication Market Drivers
……
25. Key Mergers And Acquisitions In The Mobile User Authentication Market
26. Top Mobile User Authentication Companies
27. Mobile User Authentication Market Opportunities And Strategies
28. Mobile User Authentication Market, Conclusions And Recommendations
29. Appendix

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