Research – Global Phone-based Authentication Market 2016-2020 report is the latest addition to RnRMarketResearch.com.
The global phone-based authentication market is expected to grow during the forecast period because of the increasing global penetration of mobile phones and smart devices. Companies are replacing traditional token-based authentication with phone-based authentication techniques, which is driving the growth of the market.
This report covers the present scenario and the growth prospects of the global phone-based authentication market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of phone-based authentication software, OTP authentication through SMS, e-mail, and call.
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This analyst forecast the global phone-based authentication market to grow at a CAGR of 49.40% during the period 2016-2020. The market is divided into the following segments based on geography:
The report, Global Phone-Based Authentication Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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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Key players in the global phone-based authentication market: CA Technologies, Gemalto, Symantec, and Vasco. Other Prominent Vendors in the market are: Entrust Datacard, Deepnet Security, EZMCOM, Early Warning, HID Global, IdentityGuard, Mi-Token, SecurEnvoy, Swivel Secure, and TeleSign.
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.
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