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Authentication Services Market Worth 1,619.5 Million USD by 2022

PUNE, India, December 7, 2017 /PRNewswire/ --

According to a new market research report "Authentication Services Market by Service (Compliance Management, Subscription Keys Management, Managed Public Key Infrastructure, and Reporting), Managed Authentication Type, Managed Tokenization Type, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the scope of this research study covers the managed authentication services only. The Authentication Services Market size is expected to grow from USD 622.9 Million in 2017 to USD 1,619.5 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period. 

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Browse 47 market data Tables and 33 Figures spread through 118 Pages and in-depth TOC on "Authentication Services Market"

https://www.marketsandmarkets.com/Market-Reports/authentication-services-market-85067532.html
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The major driver for the Authentication Services Market is the growing number of digital identities and stringent data security compliance, such as PCI DSS, and HIPAA across the globe.

Multi-factor authentication is expected to hold the largest market share during the forecast period 

The multi-factor authentication (MFA) segment is expected to hold the largest market share during the forecast period. Due to the increasing incidents of cyber-attacks and identity theft, organizations are implementing two-factor authentication. MFA provides a high degree of security, which ensures confidentiality of personal information. This is superior to the traditional one-factor username and passwords/PINs, as these are easily hacked by cyber-attackers. Organizations are implementing MFA to meet regulatory compliances, and strengthening their data and endpoint security.

BFSI vertical is expected to hold the largest market size during the forecast period 

The BFSI vertical is expected to hold the largest market size during the forecast period, owing to the rapid increase in online transactions and trading, which makes this vertical a prime target for cyber-attackers. This vertical is vulnerable to various risks, such as phishing, identity thefts, card skimming, vishing, SMSishing, viruses and Trojans, spyware and adware, social engineering, website cloning, and cyber stalking. Hence, strong authentication is required to address these cyber risks and securing enterprise data.

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North America is expected to hold the largest market share during the forecast period 

As per the geographic analysis, North America is expected to hold the largest market share during the forecast period. This is due to the presence of most of the large managed security services providers, stringent data security regulations and compliance. The US and Canada are significantly advanced in terms of cyber security technology and most vulnerable to cyber threats in the world.

Major vendors covered in the Authentication Services Market include as Verizon (US), Trustwave (US), Gemalto (the Netherlands), Wipro (India), Tata Communications (India), Bell Canada (Canada), GCI Channel Solutions (UK), Entrust Datacard (US), GCX (India), and Interoute (UK).

Browse Related Reports 

Managed Security Services Market by Managed Services (Firewall, (IDS/IPS), Vulnerability Management, UTM, DDOS, Compliance Management, SIEM, Antivirus/Antimalware and Others), Deployment Type, Organization Size, Vertical, and Region - Global Forecast To 2021
https://www.marketsandmarkets.com/Market-Reports/managed-security-services-market-5918403.html

Identity & Access Management Market by Component (Provisioning, Directory Services, Password Management, S SO, and Audit, Compliance, and Governance), Organization Size, Deployment Type, Vertical (BFSI, Telecom & IT), and Region - Global Forecast to 2021
https://www.marketsandmarkets.com/Market-Reports/identity-access-management-iam-market-1168.html

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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