Increase in installation of advanced driver assistance systems and stringent automotive security norms introduced by the government are factors responsible for the growth of end-point authentication systems market. The rising preference for multifactor authentication among end-users is also driving the growth of market.
Pune, India -- (SBWIRE) -- 04/16/2018 -- An endpoint authentication mechanism is used to verify/track the identity of external devices connected to a network, thereby ensuring the connectivity of only authorized endpoint devices. An endpoint authentication is of vital importance for networks that have flurry of remote users. The mechanism is also implemented via an endpoint authentication system, which not only verifies users but also monitors incoming connections of endpoint devices. At present, cars are equipped with connectivity options such as Bluetooth and WIFI, thus rendering them vulnerable to cyberattacks.
The global end-point authentication market for automotive is estimated to be USD 529.5 million in 2017, and is projected to reach USD 1,042.5 million by 2022, at a CAGR of 14.5% During Forecast Period
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Increasing complexity in vehicles, along with rising chances of cyber-attacks on vehicles, is driving the demand for global end-point authentication market for automotive. As a result, the global end-point authentication market for automotive has shown immense growth in developed countries such as Germany, France, and the U.S. Unpredictable weather conditions and human tendency to forget the authentication passwords are expected to be a restraint for the single-factor end-point authentication systems market. However, these factors would promote the installation of multi-factor end-point authentication systems in the automotive industry.
Top Companies Profiled in this Report includes, Continental AG, Fitbit, Fujitsu, Garmin, HID Global, Hitachi, Nuance Communications, Safran S.A., Samsung Electronics Company, Symantec Corporation, Synaptics Incorporated, Voxx International
End-point Authentication market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.
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The global end-point authentication market for automotive, by authentication type, is estimated to be dominated by the automotive wearables industry, and followed by smartphone applications and biometric vehicle access. The market for smartphone applications is expected to have the maximum share in the market in the next five years. This can be attributed to the increasing installation of driver assistance systems in new vehicle models, the type of electronics present in the vehicles, and the increasing mandates of automotive security.
Various factors are responsible behind the market's growth trail, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the Global End-point Authentication market. It also gauges the bargaining power of suppliers and buyers, threat to the new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the market's trajectory between forecast periods.
End-point Authentication market is segmented on the basis of various parameters. The factors which are impacting the market's growth are studied in detail. The report also presents a overall weaknesses which companies operating in the market must avoid in order to enjoy sustainable growth through the course of the forecast period. Besides this, profiles of some of the leading players operating and encouraging in the growth of the Global market are included in the study. Additionally, using SWOT analysis, markets weaknesses and strengths are analyzed. It also helps the report provide insights into the opportunities and threats that these companies may face during the forecast period.
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