PUBLISHER: IMARC | PRODUCT CODE: 1379194
PUBLISHER: IMARC | PRODUCT CODE: 1379194
Phone-based Authentication Market Report by Product Type (Single Factor Certification, Multifactor Certification), Application (Banking, Financial Services, And Insurance (BFSI), Payment Card Industry (PCI), Government), and Region 2023-2028
Abstract
The global phone-based authentication market size reached US$ 1.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.9 Billion by 2028, exhibiting a growth rate (CAGR) of 11.3% during 2022-2028. The increasing cybersecurity concerns, extensive research and development (R&D) activities, stringent regulatory requirements for data protection and privacy, rapid technological advancements, and rising demand for secure and convenient authentication methods represent some of the key factors driving the market.
Phone-based authentication is a method of verifying the identity of a user through a mobile phone as a form of authentication. It involves using the phone as a trusted device or channel to confirm the user's identity during the login or access request process. SMS verification, such as one-time password (OTP), voice call verification, mobile app authentication, passwords, and fingerprint scanners or face recognition features, are some of the commonly used phone-based authentication methods. It provides an additional layer of security beyond traditional username and password combinations that help in fraud prevention and account recovery. As a result, phone-based authentication is widely used in various applications and services, such as online banking, email accounts, and social media platforms.
Phone-based Authentication Market Trends:
The increasing cybersecurity concerns across the globe are one of the key factors propelling the market growth. Moreover, the growing demand for advanced authentication methods due to the rising cyber threats and data breaches among organizations and individuals is acting as a growth-inducing factor. In line with this, the widespread adoption of smartphones and mobile devices, as they provide convenient access to a wide range of applications and services, is favoring the market growth. Apart from this, the integration of biometric sensors in smartphones, such as fingerprint scanners and facial recognition, which help in improving the accuracy and reliability of phone-based authentication, is providing a thrust to the market growth. Additionally, the launch of behavioral biometrics, which adds a layer of security by continuously monitoring user behavior and identifying anomalies that may indicate fraudulent activity, is contributing to the market growth. Furthermore, the increasing utilization of phone-based authentication that offers convenience to users by incorporating authentication into their devices and eliminating the need for carrying additional physical tokens or remembering complex passwords is positively influencing the market growth. Other factors, including stringent regulatory requirements for data protection and privacy, rapid technological advancements, enhanced focus on research and development (R&D) activities and rising demand for secure and convenient authentication methods, are presenting remunerative growth opportunities for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global phone-based authentication market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on product type and application.
Product Type Insights:
Single Factor Certification
Multifactor Certification
The report has provided a detailed breakup and analysis of the phone-based authentication market based on the product type. This includes single factor and multifactor certifications. According to the report, multifactor certification represented the largest segment.
Application Insights:
Banking, Financial Services, And Insurance (BFSI)
Payment Card Industry (PCI)
Government
The report has provided a detailed breakup and analysis of the phone-based authentication market based on the application. This includes banking, financial services, and insurance (BFSI), payment card industry (PCI), and government. According to the report, banking, financial services, and insurance (BFSI) represented the largest segment.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa. According to the report, North America was the largest market for phone-based authentication. Some of the factors driving the North America phone-based authentication market included the increasing cybersecurity concerns, extensive research and development (R&D) activities, and rising demand for secure and convenient authentication methods.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global phone-based authentication market. Detailed profiles of all major companies have been provided. Some of the companies covered include Cisco System Inc., Deepnet Security Limited, Early Warning Services LLC, Entrust Corporation, Hid Global Corporation (Assa Abloy AB), OneSpan, Swivel Secure Ltd., Telesign Corporation (BICS), Thales Group, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global phone-based authentication market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global phone-based authentication market?
- What is the impact of each driver, restraint, and opportunity on the global phone-based authentication market?
- What are the key regional markets?
- Which countries represent the most attractive phone-based authentication market?
- What is the breakup of the market based on the product type?
- Which is the most attractive product type in the phone-based authentication market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the phone-based authentication market?
- What is the competitive structure of the global phone-based authentication market?
- Who are the key players/companies in the global phone-based authentication market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Phone-based Authentication Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Single Factor Certification
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Multifactor Certification
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Application
- 7.1 Banking, Financial Services, And Insurance (BFSI)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Payment Card Industry (PCI)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Government
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Cisco System Inc.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Deepnet Security Limited
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Early Warning Services LLC
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Entrust Corporation
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Hid Global Corporation (Assa Abloy AB)
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 OneSpan
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Swivel Secure Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Telesign Corporation (BICS)
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Thales Group
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.1 Cisco System Inc.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Phone-based Authentication Market: Major Drivers and Challenges
- Figure 2: Global: Phone-based Authentication Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Phone-based Authentication Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Phone-based Authentication Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Phone-based Authentication Market: Breakup by Application (in %), 2022
- Figure 6: Global: Phone-based Authentication Market: Breakup by Region (in %), 2022
- Figure 7: Global: Phone-based Authentication (Single Factor Certification) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Phone-based Authentication (Single Factor Certification) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Phone-based Authentication (Multifactor Certification) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Phone-based Authentication (Multifactor Certification) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Phone-based Authentication (Banking, Financial Services, And Insurance (BFSI)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Phone-based Authentication (Banking, Financial Services, And Insurance (BFSI)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Phone-based Authentication (Payment Card Industry (PCI)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Phone-based Authentication (Payment Card Industry (PCI)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Phone-based Authentication (Government) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Phone-based Authentication (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: North America: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: North America: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: United States: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: United States: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Canada: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Canada: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Asia-Pacific: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Asia-Pacific: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: China: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: China: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Japan: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Japan: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: India: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: India: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: South Korea: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: South Korea: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Australia: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Australia: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Indonesia: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Indonesia: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Others: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Others: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Europe: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Europe: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Germany: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Germany: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: France: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: France: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: United Kingdom: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: United Kingdom: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Italy: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Italy: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Spain: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Spain: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Russia: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Russia: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Others: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Others: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Latin America: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Latin America: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Brazil: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Brazil: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Mexico: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Mexico: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Others: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Others: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Middle East and Africa: Phone-based Authentication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Middle East and Africa: Phone-based Authentication Market: Breakup by Country (in %), 2022
- Figure 65: Middle East and Africa: Phone-based Authentication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Global: Phone-based Authentication Industry: Drivers, Restraints, and Opportunities
- Figure 67: Global: Phone-based Authentication Industry: Value Chain Analysis
- Figure 68: Global: Phone-based Authentication Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Phone-based Authentication Market: Key Industry Highlights, 2022 & 2028
- Table 2: Global: Phone-based Authentication Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Phone-based Authentication Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Phone-based Authentication Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Phone-based Authentication Market: Competitive Structure
- Table 6: Global: Phone-based Authentication Market: Key Players
