Technavio Announces the Publication of its Research Report Global Mobile Identity Management Market 2016-2020
Technavio recognizes the following companies as the key players in the global mobile identity management market: CA Technologies, Centrify, Gemalto, and Oracle.
Other Prominent Vendors in the market are: Bitdefender, BullGuard, Cisco, Fortinet, F-Secure, Juniper Networks, NetIQ, Quick Heal Technologies, SOPHOS, Trend Micro, Telstra, and TeleSign.
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Commenting on the report, an analyst from Technavios team said: Rising adoption of multi-factor authentication will be a key trend for market growth. Multi-factor authentication is a verification model that uses two or more different authentication methods, which act as an added security layer and help prevent unauthorized access to financial details of customers. Multi-factor authentication solutions involves the use of smart cards, phone-based authentication, and biometrics to make financial transactions on mobile devices. For instance, fingerprint biometrics technology can be used with phone-based authentication and smart card-based authentication to authenticate an individual for mobile payments. In addition, multi-factor authentication does not require the installation of any hardware.
According to the report, one of the key drivers for market growth will be privacy concerns of mobile users. The mobile threat landscape continues to grow because of the growing internet speed, cloud services, and a number of apps available on mobile devices for every age group. With more people using their smartphones for managing finances, online shopping, paying bills, and playing online games, the threat is expected to be always on the phone. Some of the mobile threats are malware, risky apps, device vulnerabilities, jailbroken and rooted devices, and rogue Wi-Fi access points. A rogue access point is a wireless access point, which is installed on a secure network without the authorization from a local network administrator.
Further, the report states that difficulty in formulating common regulatory framework will be a challenge for the market. The legal and regulatory frameworks for mobile identity management are particularly related to issues of authentication and identification. So, policymakers and regulators need to ensure adequate privacy safeguards and maintain a flexible approach that will encourage new applications and also allow consumers to make their decisions based on their digital identity.
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.
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About Mobile Identity Management
Mobile identity management is an approach that can address both usability and trust concerns in mobile business. It has been a fundamental service for the next-generation mobile telecommunications infrastructure. Mobile identity management is used to identify, acquire, access, and pay for services that follow the user from device to device, location to location, and context to content.
Technavios analysts forecast the global mobile identity management market to grow at a CAGR of 9.45% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global mobile identity management market for 2016-2020. To calculate the market size, the report considers paid mobile identity applications for mobile application management (MAM) and mobile device management (MDM).
The market is divided into the following segments based on geography:
Technavio’s report, Global Mobile Identity Management Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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