Need to Safeguard Critical Data Necessitates Use of Advanced Authentication Systems


Published Date : Jun 07, 2016

ALBANY, NY, June 07, 2016: Considering that data security is a major concern for businesses, government organizations, and individuals, technology has played a crucial role in the protection of the same. MarketResearchReports.biz’s new report on the global advanced authentication market discusses data security practices that are currently used while using electronic devices for information exchange. A complete reports of the utilization of hi-tech equipment for data protection is presented in the report, titled ‘Global Advanced Authentication Market 2016-2020.’

According to the report, the global advanced authentication market will rise at a CAGR of 16.95% from 2016 to 2020.

The report covers the current state and growth prospects of the global market for advanced authentication for the 2016-2020 period. Market size estimates are presented based on the revenue generated from sales of biometrics technologies and multi-factor authentication solutions.

Introduced in 2012, advanced authentication solutions are presently considered to be one of the most reliable solutions for protection of sensitive data. Advanced authentication techniques are of several types, such as hardware one-time password (OTP) authentication, phone-based authentication, smart-card-based authentication, and biometrics. These systems employ a combination of authentication methodologies to validate a transaction, which acts as a security layer making it difficult for an unauthorized person to gain access to a database or computing device. The increased usage of mobile devices such as laptops, smartphones, and tablets for financial transactions and e-commerce has necessitated the use of advanced authentication solutions.

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The report presents the reasons for the progression of the advanced authentication market. In corporate environments, bring your own device (BYOD) in now a well-accepted practice, wherein employees use their own device to access corporate data. However, BYOD, if not properly regulated, can threaten IT security and pose a risk to a company’s sensitive business systems. The increasing acceptance of BYOD policies due to employee satisfaction and increased productivity is a primary factor driving the advanced authentication market. Corporations need to implement failsafe authentication systems before employees can use personal devices for gaining access to business emails and other corporate information.

However, the development of this market is hindered by certain factors as well. In developing countries, the presence of inferior telecom infrastructure not compatible with the system requirements of advanced authentication solutions is slowing the market’s growth. Nevertheless, the emergence of mobile biometrics is a marked trend that will open new opportunities for implementation of advanced authentication systems, says the report.

The report mentions top players that will benefit from developments in the global advanced authentication market. These include CA Technologies, EMC, Gemalto, Crossmatch, and Entrust Datacard. Some other major vendors that operate in this market are Authenex, Deepnet Security, Duo Security, Equifax, Fortinet, Microsoft, SecurEnvoy, SMS Passcode, Symantec, TeleSign, VASCO, Yubico, BIO-Key, Dell, Early Warning, FEITIAN Technologies, HID Global, SecureAuth, SecuTech Solutions, Swivel Secure, Technology Nexus, Tricerion, and VMware.

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