Phone based Authentication Market Research Report covers the present scenario and the growth prospects of the Phone based Authentication Industry for 2016-2020. Phone based Authentication Market, 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 and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Phone based Authentication globally.
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The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Phone based Authentication Market:
Other Prominent Vendors of Phone based Authentication Market Are:
“High popularity of SMS OTP will be a key trend for market growth. Among the different available phone-based authentication solutions, such as push notifications, smartphone passcodes, SMS OTP, and phone calls, SMS OTP is the most preferred, as it is easy to use, inexpensive, and accurate. Most of the other authentication methods face network issues such as call drops or poor call quality. Therefore, we expect the number of vendors to adopt this method to increase during the forecast period. The adoption of SMS OTP grew significantly in other sectors such as social networking and online gaming.”
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According to the report, the online payment gateways are also prone to cyber-attacks. Hackers tend to target websites with high traffic and huge customer base. To make online transactions secure, enterprises have started using phone-based authentication methods. Hence, the rapid increase in the volume of online financial transactions acts as a driver for the global phone-based authentication market.
Report also presents Geographical Segmentation analysis of Phone based Authentication Market of Americas, APAC, EMEA region.
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Further, the report states that phone-based authentication requires a strong and sustainable telecom infrastructure to work effectively. Several developing countries do not have the necessary telecom infrastructure that can support of phone-based authentication. 4G technology has just picked up momentum in many Asian countries and is yet to witness strong adoption. Consumers are also facing challenges like call drops, poor voice quality, and cross-connection, which is further hampering the growth of the market.
Key questions answered in Phone based Authentication market report:
No of Pages: 57
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