Global phone-based authentication market to reach $755.6 million by 2014

DUBLIN, IRELAND: Research and Markets has announced the addition of the "Global Phone-based Authentication Market 2010-2014" report to its offering.

One of the key factors contributing to this market growth is the increasing need to reduce the complexity of devices involved in the authentication process. The Global Phone-based Authentication market has also been witnessing increasing acceptance in non-traditional sectors. However, telecommunication infrastructure issues in developing regions could pose a challenge to the growth of this market.

TechNavio's report, Global Phone-based Authentication Market 2010-2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions It analyzes the current Global Phone-based Authentication market landscape and its growth prospects. The report also includes a discussion of the key vendors operating in this market.

Key vendors dominating this market include RSA, VASCO Data Security International Inc., PhoneFactor Inc., and Entrust Inc. The report aims to aid decision makers understand the road map of this market.

Commenting on the report, an analyst from TechNavio's IT Security team said: "The impressive growth of the Global Phone-based Authentication market has encouraged the entry of phone-based authentication-specific vendors. The barrier to entry is low, leading to the easy entry of small vendors. Since the market is in the growth stage and the adoption rate is still low, the growth rate is expected to increase by 2014."

According to the report, the major driver for the Global Phone-based Authentication market is the growing need to reduce the complexity involved in the authentication process. In comparison to other software, phone-based authentication does not require any additional hardware or device to be carried around, thus reducing complexity. The report also discusses the challenges associated with telecommunication infrastructure issues in developing regions.