Increase in Online Transactions on the Global Advanced Authentication Market



The increasing use of smartphones and other mobile devices in the digital industry is henceforth at the core of new stakes and realities. Segments such as online transactions evolve at the rapid space and are predicted to Fuel the Global Advanced Authentication Market in the near future.

 
When it comes to advanced authentication, we talk about multi-factor authentication solutions (two-factor authentication solutions and three-factor authentication solutions) and biometrics technologies; hardware tokens, biometrics scanners and cameras, software solutions, and services.
To secure online transactions and to avoid risks, organizations are moving toward multi-modal biometrics.

Technavio researchers expect more companies to adopt multi-factor authentication solutions and biometrics technologies to control data breaches and ensure compliance with data privacy regulations.

According to the firm, some of the other driving forces behind the growth of the global advanced authentication market are as follows:
  • Increase in mobile workforce
  • Implementation of BYOD policies
  • Increase in compliance requirements.