Article posted: Dec 12, 2017
By Joakim Thorén, CEO
In its recent report, "Advanced Authentication Market Research Report - Global Forecast to 2023," technology research firm Market Research Future provided insight into why the advanced authentication market will grow significantly, topping $7B USD by 2023.
Among the report highlights, Market Research Future noted that new identity and access technologies are driving sales and market growth. Advanced authentication adds an additional layer of security to standard username and password authentication method. Identity and access management companies recognize that hackers are stealing identity badges and numeric PINs. In response, they have developed different authentication techniques such as one-time passwords (OTPs), biometrics and virtual smart cards.