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The global authentication services market is forecast to reach USD 2.74 Billion by 2026, according to a new report by Reports and Data. The increasing risks of security breaches, coupled with the rising number of digital identities, will drive the growth of the market. Moreover, extensive adoption of smartphones, the internet, and e-commerce will also have a positive impact on the growth of the market
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Authentication Services Market To Reach USD 2.74 Billion By 2026 www.reportsanddata.com
Market Summary The global authentication services market is forecast to reach USD 2.74 Billion by 2026, according to a new report by Reports and Data. The increasing risks of security breaches, coupled with the rising number of digital identities, will drive the growth of the market. Moreover, extensive adoption of smartphones, the internet, and e-commerce will also have a positive impact on the growth of the market. With the evolution of technologies and digitalization, the need for appropriate authentication services has been increasing. The increasing amount of data generated today has led to increased risks of security breaches. The banking sector is more prone to these breaches since the database of the industry contains personal data of all the customers. Thus the sector is forecasted to generate the highest revenue in the near future.[ Read More @ https://www.reportsanddata.com/report-detail/authentication-services-market
Market Summary • Key players include- • Trustwave, Verizon, Wipro, Gemalto, Bell Canada, Tata Communications, Entrust Datacard, GCI Channel Solutions, GCX, and Interoute, among others. The companies have adopted various strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market. • By Type- • Single-Factor Authentication • Multi-Factor Authentication • Token type Outlook - • Token-based Authentication • TokenlessAuthentication
Market Summary • By Application Type- • Government and Defense • e-commerce • Energy and Power • IT & Telecommunication • Travel & Hospitality • Healthcare & Life Sciences • Manufacturing • Banking, Financial Services, and Insurance • Media and Entertainment • Education • Others
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