Global Phone-based Authentication Market 2012-2016
- ID: 2603849
- July 2013
- Region: Global
- 40 Pages
The analysts forecast the Global Phone-based Authentication market to grow at a CAGR of 48.59 percent over the period 2012–2016. One of the key factors contributing to this market growth is the need to reduce the complexity of devices. The Global Phone-based Authentication market has also been witnessing continual rapid growth in the SMS One-time Password segment. However, inferior telecom infrastructure in developing regions could pose a challenge to the growth of this market.
The report, the Global Phone-based Authentication Market 2012–2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Phone-based Authentication market in the Americas, the EMEA, and the APAC landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this space include are Entrust Inc., PhoneFactor Inc., RSA Security Inc., and VASCO Data Security International Inc.
The other vendors mentioned in the report are ActivIdentity Corp., Authentify Inc., and Symantec Corp.
Key questions answered in this report:
- What will the market size be in 2016 and at what will be the growth rate?
- What are key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by key vendors?
- What are the strengths and weaknesses of each of these key vendors?
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1. Executive Summary
2. List of Abbreviations
4. Market Research Methodology
Market Research Process
5. Scope of the Report
6. Market Landscape
6.1. Market Size and Forecast by Revenue
6.2. End-user Segmentation
7. Geographical Segmentation
8. Key Leading Countries
9. Vendor Landscape
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Key Vendor Analysis
16.1 Entrust Inc.
16.1.1. Business Overview
16.1.2. Key Information
16.1.3. SWOT Analysis
16.2. PhoneFactor Inc.
16.2.1. Business Overview
16.2.2. Key Information
16.2.3. SWOT Analysis
16.3. RSA Security Inc.
16.3.1. Business Overview
16.3.2. Key Information
16.3.3. SWOT Analysis
16.4. VASCO Data security International Inc.
16.4.1. Business Overview
16.4.2. Key Information
16.4.3. SWOT Analysis
17. Other Reports in this Series
List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: Global Phone-based Authentication Market 2012-2016 (US$ million)
Exhibit 3: Share of Phone-based OTP in Total OTP 2012 (percentage)
Exhibit 4: Share of Phone-based OTP in Total OTP 2016 (percentage)
Exhibit 5: Global Phone-based Authentication Market by End-user Segmentation 2012
Exhibit 6: Global Phone-based Authentication Market by Geographical Segmentation 2012
Exhibit 7: Global Phone-based Authentication Market by Vendor Share 2012
Commenting on the report, an analyst from the team said: “Among the different phone-based authentication solutions available, SMS OTP is currently the most favored solution. Its many advantages include ease of use, inexpensiveness, and high accuracy. Common network issues such as call drops or poor call quality are not applicable to SMS OTP, providing it with a better accuracy rate than other phone-based authentication techniques. The number of vendors venturing into this category is expected to increase as it is a much cheaper solution than other phone-based authentication solutions, which will help boost the growth of this sub-segment further. Because of its ease of use, SMS OTP is also witnessing its adoption in non-traditional sectors such as Social Networking and Online Gaming. Thus, the SMS OTP sub-segment is expected to remain the fastest-growing sub-segment in the Global Phone-Based Authentication market.”
According to the report, the Global Phone-based Authentication market has several growth drivers, a major driver being the need to reduce the complexity of the authentication process. Phone-based authentication does not require any additional hardware or device to be accessed/carried around, in contrast with the two-factor authentication process. Thus, this will reduce the complexity of the authentication process, which will lead to increased adoption of phone-based authentication technology in the market.
Further, the report states that the inferior telecom infrastructure in developing regions is a major challenge for the market. Many developing countries do not possess the necessary telecom infrastructure to support the phone-based authentication technology.
This results in frequent call drops, poor network signals, and other disturbances, which often leads to customer dissatisfaction. Hence, this makes end-users reluctant to adopt phone-based authentication solutions.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are ActivIdentity Corp., Authentify Inc., and Symantec Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.