The scope of this research study covers the managed authentication services only. The authentication services market size is expected to grow from USD 622.9 Million in 2017 to USD 1,619.5 Million Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period. Major drivers for the authentication services market are an increasing number of digital identities and stringent data security regulations, such as PCI DSS and HIPAA. The major restraining factor is the increasing number of data breaches in a virtual server.
Key market players profiled in this report are Verizon (US), Trustwave (US), Gemalto (Netherland), Wipro (India), Tata Communications (India), Bell Canada (Canada), GCI Channel Solutions (UK), Entrust Datacard (US), GCX (India), and Interoute (UK). These players offer authentication services catering to the needs and demands of the market. They have adopted various growth strategies, such as partnerships, agreements and collaborations, business expansions, and new product launches. Partnerships, agreements, and collaborations have been the major growth strategies, followed by mergers and acquisitions.
Gemalto has adopted a mix of organic and inorganic growth strategies, such as new product launches, partnerships, mergers and acquisitions, and business expansions. For instance, in 2014, the company acquired SafeNet, a leader in data and software protection. This acquisition has strengthened Gemalto’s core digital security solution and service offerings and helped to strengthen its market position in the US. Furthermore, the company partnered with leading security solution providers, such as Precise Biometrics, STMicroelectronics, and Enfuce.
Wipro has also adopted a strategic mix of organic and inorganic growth strategies. The company has forged alliances with industry leading technology solution providers to strengthen its market position and to provide unparalleled value to its clients. Pertaining to this, in August 2016, Wipro partnered with Qualys, a pioneer and leading provider of cloud-based security and compliance solutions, to bolster its managed security services offerings by leveraging Qualys vulnerability management, policy compliance, and web application security services.
Authentication Services Market by Service (Compliance Management, Subscription Keys Management, Managed Public Key Infrastructure, and Reporting), Managed Authentication Type, Managed Tokenization Type, Vertical, and Region - Global Forecast to 2022
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