Phone-based Authentication Solutions
Market Product - Growth, Future Prospects
and Competitive Analysis 2025
“the forecast period due to the higher market penetration of
smartphones and increasing incidences related to theft.
Stringent laws & regulations by regional governments to
mandate the adoption of identification technologies for citizens,
employees and foreign nationals in order to enhance national
security are expected to favor market growth over the forecast
period.”
The Global Phone-Based Authentication Solutions Market is expected to grow at a significant CAGR of 23.8% over
the forecast period due to the higher market penetration of smartphones and increasing incidences related to theft.
Stringent laws & regulations by regional governments to mandate the adoption of identification technologies for
citizens, employees and foreign nationals in order to enhance national security are expected to favor market growth
over the forecast period.
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The growing demand for advanced security solutions and rising incidences of burglary and terrorist attacks are
propelling the growth of the market over the forecast period. Additionally, numerous collaborative efforts are
undertaken various government to improve security in response to the threat of terrorism over public safety, thereby
fostering the market demand for advanced security solutions in the past few years. Globally, the market is predicted
to generate massive revenue over next five years, providing numerous opportunities for market players to invest for
research and development in the phone-based authentication solutions market.