Mobile Identity Management Market Trends, Size, Demand, Price and Forecasts to 2020

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...