The phone-factor is the second layer of two-factor or multi-factor authentication. Phone-based authentication is enabled through an end-user’s cell phone or smartphone and provides an advanced level of authentication. The authentication process is done using passcodes, text messages, or phone calls. It is mainly used by banks and payment gateways to ensure confidentiality and to verify the authenticity of the user during monetary transactions. It is also being adopted by other sectors such as healthcare. It is a cost-effective method compared to hardware tokens for securing information.
Global Phone-based Authentication Market 2016 report has Forecasted Compound Annual Growth Rate (CAGR) in 49.33% value for particular period, that will help user to take decision based on futuristic chart. Report also includes key players in global Phone-based Authentication market.
With advances in technology, several mobile network operators (MNOs) have introduced 2G, 3G, and 4G network services. This helps them improve their efficiency in sending OTP to customers for their online transactions and mobile banking. Thus, MNOs play an important role in the growth of the global phone-based authentication market.
This report covers the present scenario and the growth prospects of the global phone-based authentication market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of the phone-based authentication solutions.
The market is segmented on the basis of the following:
• Geography: Americas, EMEA, and APAC
• End-users: BFSI, PCI, government organizations, and others sectors
Global Phone-based Authentication Market 2015-2019, 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 in the coming years. The report includes a discussion of the key vendors operating in this market.
The market report, titled Phone-based Authentication Market 2016, is an analytical research done by QY Market Research study based on the Phone-based Authentication market, which analyzes the competitive framework of the Phone-based Authentication industry worldwide. This report “Worldwide Phone-based Authentication Market 2016” build by the usage of efficient methodical tools such SWOT analysis, the Phone-based Authentication industrial 2016 study offers a comprehensive evaluation worldwide Phone-based Authentication market.
The Phone-based Authentication market size is estimated in terms of revenue (US$) and production volume in this report. Whereas the Phone-based Authentication market key segments and the geographical distribution across the globe is also deeply analyzed. Various Phone-based Authentication market dynamics such as growth drivers, restrictions, and the future prospects of each segment have been discussed in detail. Based on that, the Phone-based Authentication market report determines the future status of the market globally.
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