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Phone-Based Authentication Solutions - Global Strategic Business Report

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    Report

  • 279 Pages
  • April 2025
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5980694
The global market for Phone-based Authentication Solutions was valued at US$7.3 Billion in 2024 and is projected to reach US$17.8 Billion by 2030, growing at a CAGR of 16% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Phone-based Authentication Solutions - Key Trends and Drivers

The growth in the phone-based authentication solutions market is driven by several factors, including increasing cyber threats, regulatory requirements, and the widespread adoption of mobile devices. As cyber-attacks become more sophisticated and prevalent, organizations are prioritizing robust authentication mechanisms to protect their digital assets and customer data. Regulatory frameworks, such as the General Data Protection Regulation (GDPR) and the Payment Card Industry Data Security Standard (PCI DSS), mandate strong authentication practices, further propelling the demand for secure authentication solutions. Additionally, the rapid proliferation of smartphones and mobile internet usage has created a conducive environment for the adoption of phone-based authentication, as users seek convenient and secure ways to access their accounts and perform transactions. As these trends continue, the market for phone-based authentication solutions is expected to experience substantial growth, driven by the need for enhanced security in an increasingly digital world.

Technological advancements have significantly enhanced the effectiveness and adoption of phone-based authentication solutions. Innovations such as multi-factor authentication (MFA) frameworks, advanced encryption techniques, and machine learning algorithms for fraud detection have made these systems more secure and reliable. The integration of biometric authentication methods, such as fingerprint scanning and facial recognition, provides an additional layer of security that is both user-friendly and difficult to bypass. Furthermore, the development of sophisticated mobile security features and secure elements within smartphones, such as Trusted Execution Environments (TEEs), has strengthened the security infrastructure supporting phone-based authentication. These advancements ensure that authentication processes are not only secure but also seamless and efficient for users.

Phone-based authentication solutions have become a cornerstone of digital security, providing a robust mechanism to verify user identities and protect sensitive information. These solutions utilize mobile devices as a second factor in the authentication process, adding an extra layer of security beyond traditional passwords. Common methods include SMS-based one-time passwords (OTPs), push notifications, and biometric verification such as fingerprint or facial recognition. By leveraging the ubiquity and convenience of smartphones, phone-based authentication enhances security while maintaining user convenience, making it a popular choice for both consumers and businesses. These solutions are widely used in banking, e-commerce, and enterprise environments to safeguard access to accounts, sensitive data, and secure transactions.

Report Scope

The report analyzes the Phone-based Authentication Solutions market, presented in terms of market value (USD). The analysis covers the key segments and geographic regions outlined below.

Segments

Authentication Method (Single-Factor Certification Method, Multi-Factor Certification Method); End-Use (BFSI End-Use, Payment Card Industry (PCI) End-Use, Government End-Use, Other End-Uses).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Single-Factor Certification Method segment, which is expected to reach US$8 Billion by 2030 with a CAGR of a 11.8%. The Multi-Factor Certification Method segment is also set to grow at 20.6% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, valued at $2 Billion in 2024, and China, forecasted to grow at an impressive 22.6% CAGR to reach $4.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Phone-based Authentication Solutions Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Phone-based Authentication Solutions Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Phone-based Authentication Solutions Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of players such as Cisco Systems, Inc., Deepnet Security Ltd., Duo Security, Entersekt (Pty) Limited, Entrust Corporation and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Phone-based Authentication Solutions market report include:

  • Cisco Systems, Inc.
  • Deepnet Security Ltd.
  • Duo Security
  • Entersekt (Pty) Limited
  • Entrust Corporation
  • Eset Spol. Sro
  • Microsoft Corporation
  • OneSpan, Inc.
  • SecureAuth Corporation
  • SecurEnvoy Limited
  • Shearwater Group Plc
  • Swivel Secure
  • TeleSign Corporation
  • Thales Group
  • Trustwave Holdings, Inc.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Phone-based Authentication Solutions - Global Key Competitors Percentage Market Share in 2025 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Increasing Incidents of Cybersecurity Threats Throw the Spotlight on Phone-Based Authentication
  • Technological Advancements in Biometric Authentication Propel Market Growth
  • Rising Adoption of Multi-Factor Authentication (MFA) Drives Demand for Phone-Based Solutions
  • Integration with Mobile Banking and Financial Services Expands Addressable Market Opportunity
  • Regulatory Compliance and Data Protection Requirements Strengthen Business Case for Phone-Based Authentication
  • Enhanced Security Features Propel Market Growth
  • Increasing Utilization in E-commerce and Online Retail
  • Strategic Collaborations and Partnerships Expand Solution Offerings
  • Growing Use of AI and Machine Learning in Authentication Drives Adoption
  • The Role of Phone-Based Authentication in Reducing Fraud and Identity Theft
  • Focus on Reducing Password Fatigue and Enhancing Convenience Propels Demand
  • Innovations in One-Time Password (OTP) and Push Notification Authentication Strengthen Market Position
  • Rising Demand for Secure Remote Access Solutions
  • The Impact of COVID-19 on Accelerating Digital Authentication Adoption
  • Growing Utilization in Enterprise and Workforce Management Expands Addressable Market
  • The Role of Authentication Solutions in Enhancing Mobile Security
  • Increasing Consumer Awareness About Cybersecurity Generates Demand
  • The Impact of Blockchain Technology on Future Authentication Solutions
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Phone-based Authentication Solutions Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Phone-based Authentication Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • Table 3: World Historic Review for Phone-based Authentication Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • Table 4: World 15-Year Perspective for Phone-based Authentication Solutions by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2015, 2025 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Single-Factor Certification Method by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • Table 6: World Historic Review for Single-Factor Certification Method by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • Table 7: World 15-Year Perspective for Single-Factor Certification Method by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Multi-Factor Certification Method by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • Table 9: World Historic Review for Multi-Factor Certification Method by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • Table 10: World 15-Year Perspective for Multi-Factor Certification Method by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for BFSI End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • Table 12: World Historic Review for BFSI End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • Table 13: World 15-Year Perspective for BFSI End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Payment Card Industry (PCI) End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • Table 15: World Historic Review for Payment Card Industry (PCI) End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • Table 16: World 15-Year Perspective for Payment Card Industry (PCI) End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Government End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • Table 18: World Historic Review for Government End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • Table 19: World 15-Year Perspective for Government End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • Table 21: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • Table 22: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Phone-based Authentication Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
CANADA
JAPAN
  • Phone-based Authentication Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
CHINA
  • Phone-based Authentication Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
EUROPE
  • Phone-based Authentication Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
FRANCE
  • Phone-based Authentication Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
GERMANY
  • Phone-based Authentication Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
ITALY
UNITED KINGDOM
  • Phone-based Authentication Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Phone-based Authentication Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
AUSTRALIA
  • Phone-based Authentication Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2025 (E)
INDIA
  • Phone-based Authentication Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2025 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Phone-based Authentication Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2025 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Phone-based Authentication Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2025 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Phone-based Authentication Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2025 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Cisco Systems, Inc.
  • Deepnet Security Ltd.
  • Duo Security
  • Entersekt (Pty) Limited
  • Entrust Corporation
  • Eset Spol. Sro
  • Microsoft Corporation
  • OneSpan, Inc.
  • SecureAuth Corporation
  • SecurEnvoy Limited
  • Shearwater Group Plc
  • Swivel Secure
  • TeleSign Corporation
  • Thales Group
  • Trustwave Holdings, Inc.

Table Information