Global Authentication Services Market – Industry Analysis and Forecast (2017-2024) _ by Service (Subscription Keys Management, Reporting, Subscription Keys Management, Managed Public Key Infrastructure, Others), by Managed Authentication Type (Multi-factor Authentication, Single-Factor Authentication), by Managed Tokenization Type (Token-based Authentication, Tokenless Authentication), by Vertical (BFSI, Telecom, Government & Defense, Healthcare, Energy & Power, eCommerce, Others) and by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)
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Authentication Services Market valued USD 500 Million in 2016 and expected to reach USD 2178.5 Million by 2024, at a CAGR of 23.4%.
Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the component, type, mobility, body part, vertical, and geography to assist in strategic business planning.
The rising adoption of mobile computing applications majorly in enterprises and various government agencies are trying to standardize the data security protocols on the global level are the key driving factors for the growth of the market in the forecast period.
The eCommerce segment is expected to witness huge market growth and a larger market share:
The eCommerce segment is anticipated to grow at the highest CAGR during the forecast period. The eCommerce vertical is expected to continue its dominance over the forecast period. This deals with selling services and consumer products to its customers through various channels. eCommerce is one of the most cost efficient verticals and the maximum targeted by cyber-attackers, because of the large number of monetary transactions via credit and debit cards and potential payouts.
APAC region is expected to hold a major chunk of the market during the forecast period:
The APAC region is anticipated to witness the fastest growth in this market, due to growing number of online transactions, digital identities,and mobile computing devices.
Scope of the Report
Global Authentication Services Market, by Service: Subscription Keys Management, Reporting, Subscription Keys Management, Managed Public Key Infrastructure, Others
Global Authentication Services Market, by Managed Authentication Type: Multi-factor Authentication, Single-Factor Authentication
Global Authentication Services Market, by Managed Tokenization Type: Token-based Authentication, Tokenless Authentication
Global Authentication Services Market, by Vertical: BFSI, Telecom, Government & Defense, Healthcare, Energy & Power, eCommerce, Others
Global Authentication Services Market, By Geography: North America, Europe, Asia Pacific, Middle East, Africa and Latin America
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