Lewes, DE -- (SBWIRE) -- 05/19/2016 -- Report forecast the Global Advanced Authentication Market to grow at a CAGR of 16.95% during the period 2016-2020.

Data security is a major concern for enterprises, government organizations, and individuals. Identity badges, numeric keypads, and PINs were the most popular devices used to prevent unauthorized access to sensitive data and assets. However, hacking these security codes was easy. Advanced authentication solutions, which were introduced in 2012, use a number of authentication techniques such as hardware OTP authentication, smart card-based authentication, phone-based authentication, and biometrics.

Advanced authentication solutions are security systems that require two or more types of authentication to verify a transaction, which act as a security layer and make it difficult for an unauthorized person to access a database or computing device. Increased usage of mobile devices such as smartphones, laptops, and tablets for banking and e-commerce has increased the need for advanced authentication solutions.

The report covers the present scenario and the growth prospects of the Global Advanced Authentication Market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of multi-factor authentication solutions (two-factor authentication solutions and three-factor authentication solutions) and biometrics technologies. The revenue includes hardware tokens, biometrics scanners and cameras, software solutions, and services. The revenue generated from after-sales services is not considered.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, a key driver for market growth is the implementation of the BYOD policy. A BYOD policy allows employees to use their personal devices for work purposes. It allows employees to work without any time or location constraints, thereby increasing their productivity and reducing the operational costs of companies. SMEs worldwide are increasingly adopting BYOD policies to reduce their operational costs. This has given rise to the need to authenticate employee credentials before allowing access to business data, applications, and services.

Further, the report states that one challenge that could hamper market growth is the inferior telecom infrastructure in developing countries.

Global Advanced Authentication 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.

key players in the Global Advanced Authentication Market: CA Technologies, Crossmatch, EMC, Entrust Datacard, and Gemalto.

Other Prominent Vendors in the market are: Authenex, BIO-Key, Deepnet Security, Dell, Duo Security, Early Warning, Equifax, FEITIAN Technologies, Fortinet, HID Global, Microsoft, SecureAuth, SecurEnvoy, SecuTech Solutions, SMS Passcode, Swivel Secure, Symantec, Technology Nexus, TeleSign, Tricerion, VASCO, VMware, and Yubico.

Market driver
- Implementation of BYOD policy
- For a full, detailed list, view our report

Market challenge
- Inferior telecom infrastructure in developing countries
- For a full, detailed list, view our report

Market trend
- Emergence of mobile biometrics
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the 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 the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 17 Exhibit "Global Advanced Authentication Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market description, Life cycle analysis, Market segmentation by technology, Market segmentation by end-user, Geographical segmentation, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces model, Vendor landscape, SWOT analysis, Appendix.

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