Global User Authentication Solutions Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of xx% over the forecast period 2020-2027.

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The report covers an in-depth analysis of COVID-19 pandemic impact on Global User Authentication Solutions Market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Global User Authentication Solutions Market Dynamics:

The user authentication solution refers to verifying a broad variety of human-to - machine credential transfers that involve the user’s authenticity for validation. The word computer authentication, on the other hand, refers to an automatic method that does not need human input. In all human to machine interactions other than automatic, user authentication is required and visitors have signed in to a specific account. Authentication enables human-to - machine contact on wireless and wired networks to enable the device to provide access to resources and applications linked to the internet and network. In the area of user authentication, there has been considerable development. User authentication has historically required a mixture of passwords and a simple ID. There are now a wide variety of user authentication variables that have been used in communications to enhance and improve security. The rapid adoption of IoT and cloud computing technologies will witness to create lucrative opportunities for market over the forecast period. However, factors such as concerns pertaining to cost of deployment, rising cyberattacks and high risk of data loss which in turn pose a restraint for the market growth over the forecast period.

Increased integration of biometric sensors in security-based and mobility-based applications and widespread adoption of authentication solutions in emerging markets to provide significant market opportunities. The technologies used in the identification and access control of devices and permitted human recognition using human physiological or behavioural features, such as iris, fingerprints, face, palm prints, retina, and voice. The technology behind biometrics has become cheaper and more accurate, leading to businesses incorporating different biometrics into their existing safety systems. Biometric-based authentication is increasingly developed and innovated by authentication service providers. The best benefit of biometric technology is that no password or personal identification number (PIN) needs to be recognised by the user, as the biometric identity is identical to any human being in the world. It therefore provides a major obstacle for a cyber intruder to penetrate it and presents multiple opportunities in different verticals of the industry.

Global User Authentication Solutions Market is segmented by Authentication Type, by deployment, industry vertical, and organization size, and by region. By Authentication Type, multi-factor authentication is anticipated to account for a major share during the forecast period in 2019 and is expected to keep its dominance over the forecast period owing to the growing numbers of cyber-attacks and identity theft, companies are introducing a two-factor authentication solution. The MFA provides an extra layer of security and makes it more difficult for cyber criminals to breach the IT infrastructure of an enterprise. In addition, the growth of the multi-factor authentication market will be driven by various regulations and compliances, such as PCI DSS and GDPR. By deployment, cloud-based held the highest market share in 2019 due to the agile, smooth, scalable, and inexpensive characteristics, which was easily incorporated by different businesses in the corporate landscape. The growth of the cloud-based applications is due to the penetration of internet-of-things applications. By industry vertical, IT & telecommunications segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period. Due to the rising improved awareness about the use of organizational mobility tools to complement unified communications and collaboration systems capabilities. By organization size, large organization segment held the largest market share due to the large investments on requirements on the user authentication solutions for better security and data safety for the clients.

By geography, global User Authentication Solutions Market is segmented into North America, APAC, Europe, ME & Africa, and South America. Among these, North America held the highest market share of xx% in 2019 and is expected to keep its dominance over the forecast period owing to the involvement of broad regulated providers of security services and strict regulations on data security and enforcement in the region. In addition to that, rising BYOD penetration, deployment of 5G, growing adoption of smartphone. The service in the market in APAC is forecasted to expand a significant pace on account of the growing penetration of internet as well as digitization in countries such as India, China, Korea, etc.

Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger & acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.

The objective of the report is to present a comprehensive analysis of the Global User Authentication Solutions Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global User Authentication Solutions Market dynamics, structure by analyzing the market segments and project Global User Authentication Solutions Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global User Authentication Solutions Market the report investor’s guide.
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Global User Authentication Solutions Market, by Authentication Type

• Single-Factor Authentication
• Multi-Factor Authentication
Global User Authentication Solutions Market, by Deployment

• On-Premise
• Cloud-based
Global User Authentication Solutions Market, by Industry Vertical

• Banking, Financial Services & Insurance
• IT & Telecommunications
• Travel and Transportation
• Manufacturing
• Retail
• Government
• Construction
• Chemicals
• Food and Beverage
• Retail
• Others
Global User Authentication Solutions Market,by Organization Size

• Large Enterprises
• Small Medium Enterprises
Global User Authentication Solutions Market, by Region

• North America
• APAC
• Europe
• ME & Africa
• Latin America
Global User Authentication Solutions Market Major Players

• Trustwave Holdings, Inc.
• Verizon
• Wipro Limited
• DXC Technology Company
• Broadcom
• SecurEnvoy Ltd
• Ping Identity
• Thales Group
• SecureAuth Corporation
• OneSpan
• Entrust Corporation
• LogMeIn
• TWILIO, INC.
• CyberArk Software Ltd.
• Duo
• Okta, Inc.
• RSA Security LLC
• Silverfort

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