Overview and Scope
Mobile user authentication refers to the process of verifying a user’s identity on their mobile device before granting them access to an account or system. It is a critical component for any organization that conducts business or manages customer accounts through mobile devices.
Sizing and Forecast
The mobile user authentication market size has grown rapidly in recent years. It will grow from $3.06 billion in 2023 to $3.66 billion in 2024 at a compound annual growth rate (CAGR) of 19.6%. The growth in the historic period can be attributed to increasing adoption of smartphones and tablets , Rise in Mobile Transactions, rise of remote work and mobile workforce, rise of mobile payment apps and digital wallets.
The mobile user authentication market size is expected to see rapid growth in the next few years. It will grow to $7.51 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%. The growth in the forecast period can be attributed to increasing mobile device adoption, rapid digital transformation, growing cybersecurity threats, expansion of IoT devices, demand for frictionless authentication. Major trends in the forecast period include biometric authentication dominance, adoption of behavioral biometrics, adoption of zero trust security, blockchain-based authentication, blockchain-based authentication, integration with AI and ML.
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The mobile user authentication market covered in this report is segmented –
1) By Authentication: Biometric Authentication, Multi-Factor Authentication (MFA), Knowledge-Based Authentication (KBA), Other Authentication
2) By Deployment: Cloud-Based Authentication, On-Premises Authentication
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By End-User Vertical: Banking, Financial Services, and Insurance, Consumer Electronics, Government, Telecommunication, Healthcare, Manufacturing, Other End-user Verticals
Asia-Pacific was the largest region in the mobile user authentication market in 2023. The regions covered in the mobile user authentication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising cybersecurity threats are expected to propel the growth of mobile user authentication forward. Cybersecurity threats are potential risks to computer systems, networks, and data that can result in unauthorized access, data breaches, or information loss. The rising cybersecurity threats is due to increased connectivity, data monetization, remote work, sophisticated attack techniques, and a lack of awareness. Mobile user authentication is used in crucial in cybersecurity to mitigate various threats such as password theft, phishing attacks, MitM attacks, device theft or loss, data breaches, and unauthorized access to applications. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, cyber crime reports received were 76,000, up from 13% from the previous year. Therefore, rising cybersecurity threats are driving the growth of the mobile user authentication market.
Key Industry Players
Major companies operating in the mobile user authentication market are Apple Inc, Google LLC, Microsoft Corporation, International Business Machines Corporation, 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, ForgeRock Inc., MobileIron Inc, Centrify Inc, SecureAuth Corporation, Duo Security , CA Technologies, BIO-key International, Authentify Inc, Veridium, TeleSign
The mobile user authentication market report table of contents includes:
1. Executive Summary
2. Mobile User Authentication Market Characteristics
3. Mobile User Authentication Market Trends And Strategies
4. Mobile User Authentication Market – Macro Economic Scenario
5. Global Mobile User Authentication Market Size and Growth
………..
32. Global Mobile User Authentication Market Competitive Benchmarking
33. Global Mobile User Authentication Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mobile User Authentication Market
35. Mobile User Authentication Market Future Outlook and Potential Analysis
36. Appendix
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