The Latin America, Middle East and Africa Advanced Authentication in Financial Services Market would witness market growth of 17.3% CAGR during the forecast period (2022-2028).
In recent years, the cost of implementing advanced authentication techniques has considerably decreased. As a result, financial organizations can now employ these techniques without incurring large fees because trustworthy and affordable authentication options are available. Financial institutions that use advanced authentication techniques can give their clients a safe and convenient user experience and a competitive edge. In addition, increased client loyalty and retention may result from this. Social engineering is a term that refers to a very broad range of tactics employed by hackers to deceive victims into exposing their login information recently.
Platforms for social networking frequently provide the right environment for hackers to impersonate potential victims and approach them for information. Some social engineering strategies don't require attackers to speak to the victims directly. The two most deadly types of cyberattacks, phishing and brute force attacks, are controllable through advanced authentication. Also, adopting this authentication technique does not require employees to submit their passwords, even if they get phishing texts or emails. This market will therefore experience exponential growth during the next few years.
The UAE's expanding infrastructure and construction accelerated the region's use of biometrics. Most of their financial transactions now take place through mobile devices and banks. The biometrics industry is equally well-developed in the Saudi Arabian region. Its increase results from multiple government programs, increasing IT industry, expanding establishment of enterprises and trades, and evolving governmental reforms. The LAMEA region substantially impacts the sector and, as a result, will help the market for advanced authentication in financial services grow over the next years.
The Brazil market dominated the LAMEA Advanced Authentication in Financial Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $228.3 Million by 2028. The Argentina market is experiencing a CAGR of 17.9% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 17% during (2022 - 2028).
Based on Type, the market is segmented into Multi-factor Authentication and Single-factor Authentication. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on Authentication Method, the market is segmented into Biometrics, Smart Cards, Mobile Smart Credentials and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Advanced Authentication in Financial Services Market is Projected to reach USD 11.3 Billion by 2028, at a CAGR of 14.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Broadcom, Inc. (CA Technologies, Inc.), Dell Technologies, Inc., Mastercard, Inc., Thales Group S.A., NEC Corporation, ValidSoft Group, SecurEnvoy Limited (Shearwater Group PLC), Ping Identity Holding Corp. (Thoma Bravo, L.P.), Absolute Software Corporation and Fujitsu Limited.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Multi-factor Authentication
- Single-factor Authentication
By Enterprise Size
- Large Enterprises
- Small & Medium-sized Enterprises
By Authentication Method
- Biometrics
- Smart Cards
- Mobile Smart Credentials
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Broadcom, Inc. (CA Technologies, Inc.)
- Dell Technologies, Inc.
- Mastercard, Inc.
- Thales Group S.A.
- NEC Corporation
- ValidSoft Group
- SecurEnvoy Limited (Shearwater Group PLC)
- Ping Identity Holding Corp. (Thoma Bravo, L.P.)
- Absolute Software Corporation
- Fujitsu Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Advanced Authentication in Financial Services Market, by Type
1.4.2 LAMEA Advanced Authentication in Financial Services Market, by Enterprise Size
1.4.3 LAMEA Advanced Authentication in Financial Services Market, by Authentication Method
1.4.4 LAMEA Advanced Authentication in Financial Services Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Acquisition and Mergers: 2019, Apr – 2023, Mar) Leading Players
Chapter 4. LAMEA Advanced Authentication in Financial Services Market by Type
4.1 LAMEA Multi-factor Authentication Market by Country
4.2 LAMEA Single-factor Authentication Market by Country
Chapter 5. LAMEA Advanced Authentication in Financial Services Market by Enterprise Size
5.1 LAMEA Large Enterprises Market by Country
5.2 LAMEA Small & Medium-sized Enterprises Market by Country
Chapter 6. LAMEA Advanced Authentication in Financial Services Market by Authentication Method
6.1 LAMEA Biometrics Market by Country
6.2 LAMEA Smart Cards Market by Country
6.3 LAMEA Mobile Smart Credentials Market by Country
6.4 LAMEA Others Market by Country
Chapter 7. LAMEA Advanced Authentication in Financial Services Market by Country
7.1 Brazil Advanced Authentication in Financial Services Market
7.1.1 Brazil Advanced Authentication in Financial Services Market by Type
7.1.2 Brazil Advanced Authentication in Financial Services Market by Enterprise Size
7.1.3 Brazil Advanced Authentication in Financial Services Market by Authentication Method
7.2 Argentina Advanced Authentication in Financial Services Market
7.2.1 Argentina Advanced Authentication in Financial Services Market by Type
7.2.2 Argentina Advanced Authentication in Financial Services Market by Enterprise Size
7.2.3 Argentina Advanced Authentication in Financial Services Market by Authentication Method
7.3 UAE Advanced Authentication in Financial Services Market
7.3.1 UAE Advanced Authentication in Financial Services Market by Type
7.3.2 UAE Advanced Authentication in Financial Services Market by Enterprise Size
7.3.3 UAE Advanced Authentication in Financial Services Market by Authentication Method
7.4 Saudi Arabia Advanced Authentication in Financial Services Market
7.4.1 Saudi Arabia Advanced Authentication in Financial Services Market by Type
7.4.2 Saudi Arabia Advanced Authentication in Financial Services Market by Enterprise Size
7.4.3 Saudi Arabia Advanced Authentication in Financial Services Market by Authentication Method
7.5 South Africa Advanced Authentication in Financial Services Market
7.5.1 South Africa Advanced Authentication in Financial Services Market by Type
7.5.2 South Africa Advanced Authentication in Financial Services Market by Enterprise Size
7.5.3 South Africa Advanced Authentication in Financial Services Market by Authentication Method
7.6 Nigeria Advanced Authentication in Financial Services Market
7.6.1 Nigeria Advanced Authentication in Financial Services Market by Type
7.6.2 Nigeria Advanced Authentication in Financial Services Market by Enterprise Size
7.6.3 Nigeria Advanced Authentication in Financial Services Market by Authentication Method
7.7 Rest of LAMEA Advanced Authentication in Financial Services Market
7.7.1 Rest of LAMEA Advanced Authentication in Financial Services Market by Type
7.7.2 Rest of LAMEA Advanced Authentication in Financial Services Market by Enterprise Size
7.7.3 Rest of LAMEA Advanced Authentication in Financial Services Market by Authentication Method
Chapter 8. Company Profiles
8.1 Broadcom, Inc. (CA Technologies, Inc.)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Dell Technologies, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis:
8.3 Mastercard, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Partnerships, Collaborations, and Agreements:
8.3.4.2 Product Launches and Product Expansions:
8.3.4.3 Acquisition and Mergers:
8.4 Thales Group S.A.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.5.3 Acquisition and Mergers:
8.5 NEC Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.6 ValidSoft Group
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.6.2.2 Product Launches and Product Expansions:
8.7 SecurEnvoy Limited (Shearwater Group plc)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.8 Ping Identity Holding Corp. (Thoma Bravo, L.P.)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.5.3 Acquisition and Mergers:
8.9 Absolute Software Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Acquisition and Mergers:
8.10. Fujitsu Limited
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Acquisition and Mergers:
TABLE 1 LAMEA Advanced Authentication in Financial Services Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Advanced Authentication in Financial Services Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Advanced Authentication in Financial Services Market
TABLE 4 Product Launches And Product Expansions– Advanced Authentication in Financial Services Market
TABLE 5 Acquisition and Mergers– Advanced Authentication in Financial Services Market
TABLE 6 LAMEA Advanced Authentication in Financial Services Market by Type, 2018 - 2021, USD Million
TABLE 7 LAMEA Advanced Authentication in Financial Services Market by Type, 2022 - 2028, USD Million
TABLE 8 LAMEA Multi-factor Authentication Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Multi-factor Authentication Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Single-factor Authentication Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Single-factor Authentication Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Advanced Authentication in Financial Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 13 LAMEA Advanced Authentication in Financial Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 14 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Small & Medium-sized Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Small & Medium-sized Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Advanced Authentication in Financial Services Market by Authentication Method, 2018 - 2021, USD Million
TABLE 19 LAMEA Advanced Authentication in Financial Services Market by Authentication Method, 2022 - 2028, USD Million
TABLE 20 LAMEA Biometrics Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Biometrics Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA Smart Cards Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA Smart Cards Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Mobile Smart Credentials Market by Country, 2018 - 2021, USD Million
TABLE 25 LAMEA Mobile Smart Credentials Market by Country, 2022 - 2028, USD Million
TABLE 26 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 27 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 28 LAMEA Advanced Authentication in Financial Services Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA Advanced Authentication in Financial Services Market by Country, 2022 - 2028, USD Million
TABLE 30 Brazil Advanced Authentication in Financial Services Market, 2018 - 2021, USD Million
TABLE 31 Brazil Advanced Authentication in Financial Services Market, 2022 - 2028, USD Million
TABLE 32 Brazil Advanced Authentication in Financial Services Market by Type, 2018 - 2021, USD Million
TABLE 33 Brazil Advanced Authentication in Financial Services Market by Type, 2022 - 2028, USD Million
TABLE 34 Brazil Advanced Authentication in Financial Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 35 Brazil Advanced Authentication in Financial Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 36 Brazil Advanced Authentication in Financial Services Market by Authentication Method, 2018 - 2021, USD Million
TABLE 37 Brazil Advanced Authentication in Financial Services Market by Authentication Method, 2022 - 2028, USD Million
TABLE 38 Argentina Advanced Authentication in Financial Services Market, 2018 - 2021, USD Million
TABLE 39 Argentina Advanced Authentication in Financial Services Market, 2022 - 2028, USD Million
TABLE 40 Argentina Advanced Authentication in Financial Services Market by Type, 2018 - 2021, USD Million
TABLE 41 Argentina Advanced Authentication in Financial Services Market by Type, 2022 - 2028, USD Million
TABLE 42 Argentina Advanced Authentication in Financial Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 43 Argentina Advanced Authentication in Financial Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 44 Argentina Advanced Authentication in Financial Services Market by Authentication Method, 2018 - 2021, USD Million
TABLE 45 Argentina Advanced Authentication in Financial Services Market by Authentication Method, 2022 - 2028, USD Million
TABLE 46 UAE Advanced Authentication in Financial Services Market, 2018 - 2021, USD Million
TABLE 47 UAE Advanced Authentication in Financial Services Market, 2022 - 2028, USD Million
TABLE 48 UAE Advanced Authentication in Financial Services Market by Type, 2018 - 2021, USD Million
TABLE 49 UAE Advanced Authentication in Financial Services Market by Type, 2022 - 2028, USD Million
TABLE 50 UAE Advanced Authentication in Financial Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 51 UAE Advanced Authentication in Financial Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 52 UAE Advanced Authentication in Financial Services Market by Authentication Method, 2018 - 2021, USD Million
TABLE 53 UAE Advanced Authentication in Financial Services Market by Authentication Method, 2022 - 2028, USD Million
TABLE 54 Saudi Arabia Advanced Authentication in Financial Services Market, 2018 - 2021, USD Million
TABLE 55 Saudi Arabia Advanced Authentication in Financial Services Market, 2022 - 2028, USD Million
TABLE 56 Saudi Arabia Advanced Authentication in Financial Services Market by Type, 2018 - 2021, USD Million
TABLE 57 Saudi Arabia Advanced Authentication in Financial Services Market by Type, 2022 - 2028, USD Million
TABLE 58 Saudi Arabia Advanced Authentication in Financial Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 59 Saudi Arabia Advanced Authentication in Financial Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 60 Saudi Arabia Advanced Authentication in Financial Services Market by Authentication Method, 2018 - 2021, USD Million
TABLE 61 Saudi Arabia Advanced Authentication in Financial Services Market by Authentication Method, 2022 - 2028, USD Million
TABLE 62 South Africa Advanced Authentication in Financial Services Market, 2018 - 2021, USD Million
TABLE 63 South Africa Advanced Authentication in Financial Services Market, 2022 - 2028, USD Million
TABLE 64 South Africa Advanced Authentication in Financial Services Market by Type, 2018 - 2021, USD Million
TABLE 65 South Africa Advanced Authentication in Financial Services Market by Type, 2022 - 2028, USD Million
TABLE 66 South Africa Advanced Authentication in Financial Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 67 South Africa Advanced Authentication in Financial Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 68 South Africa Advanced Authentication in Financial Services Market by Authentication Method, 2018 - 2021, USD Million
TABLE 69 South Africa Advanced Authentication in Financial Services Market by Authentication Method, 2022 - 2028, USD Million
TABLE 70 Nigeria Advanced Authentication in Financial Services Market, 2018 - 2021, USD Million
TABLE 71 Nigeria Advanced Authentication in Financial Services Market, 2022 - 2028, USD Million
TABLE 72 Nigeria Advanced Authentication in Financial Services Market by Type, 2018 - 2021, USD Million
TABLE 73 Nigeria Advanced Authentication in Financial Services Market by Type, 2022 - 2028, USD Million
TABLE 74 Nigeria Advanced Authentication in Financial Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 75 Nigeria Advanced Authentication in Financial Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 76 Nigeria Advanced Authentication in Financial Services Market by Authentication Method, 2018 - 2021, USD Million
TABLE 77 Nigeria Advanced Authentication in Financial Services Market by Authentication Method, 2022 - 2028, USD Million
TABLE 78 Rest of LAMEA Advanced Authentication in Financial Services Market, 2018 - 2021, USD Million
TABLE 79 Rest of LAMEA Advanced Authentication in Financial Services Market, 2022 - 2028, USD Million
TABLE 80 Rest of LAMEA Advanced Authentication in Financial Services Market by Type, 2018 - 2021, USD Million
TABLE 81 Rest of LAMEA Advanced Authentication in Financial Services Market by Type, 2022 - 2028, USD Million
TABLE 82 Rest of LAMEA Advanced Authentication in Financial Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 83 Rest of LAMEA Advanced Authentication in Financial Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 84 Rest of LAMEA Advanced Authentication in Financial Services Market by Authentication Method, 2018 - 2021, USD Million
TABLE 85 Rest of LAMEA Advanced Authentication in Financial Services Market by Authentication Method, 2022 - 2028, USD Million
TABLE 86 Key Information – Broadcom, Inc.
TABLE 87 Key Information – Dell Technologies, Inc.
TABLE 88 key Information – Mastercard, Inc.
TABLE 89 key information – Thales Group S.A.
TABLE 90 KEY INFORMATION – NEC Corporation
TABLE 91 Key Information – ValidSoft Group
TABLE 92 key Information – SecurEnvoy Limited
TABLE 93 Key information – Ping Identity Holding Corp.
TABLE 94 Key Information – Absolute Software Corporation
TABLE 95 Key Information – Fujitsu Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Acquisition and Mergers: 2019, Apr – 2023, Mar) Leading Players
FIG 6 SWOT Analysis: Broadcom, Inc.
FIG 7 SWOT Analysis: Dell Technologies, Inc.
FIG 8 Recent strategies and developments: Mastercard, Inc.
FIG 9 Recent strategies and developments: Thales Group S.A.
FIG 10 Recent strategies and developments: Ping Identity Holding Corp.