The global mobile identity management market to grow at a CAGR of 9.45% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global mobile identity management market for 2016-2020. To calculate the market size, the report considers paid mobile identity applications for mobile application management (MAM) and mobile device management (MDM) The report also includes a discussion of the key vendors operating in this market.
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 rogue access point is a wireless access point, which is installed on a secure network without the authorization from a local network administrator.
Further, the report states that difficulty in formulating common regulatory framework will be a challenge for the market. The legal and regulatory frameworks for mobile identity management are particularly related to issues of authentication and identification. So, policymakers and regulators need to ensure adequate privacy safeguards and maintain a flexible approach that will encourage new applications and also allow consumers to make their decisions based on their digital identity.
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?
- CA Technologies
Other prominent vendors
- Juniper Networks
- Quick Heal Technologies
- Trend Micro
For more information about this report visit http://www.researchandmarkets.com/research/2hxzpd/global_mobile
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SOURCE Research and Markets