When it comes to PCI compliance, we know that SFOR
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NOTICE THE FOLLOWING BY: LONDON--(BUSINESS WIRE)
QUOTE:
This research report titled ‘Global Out of Band Authentication Software Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
Amrita Choudhury, a lead analyst at Technavio for IT security research, says, “The increase in the number of online transactions and the use of technology in financial institutions is driving the growth of the market. Also, an increase in the severity of security threats such as advanced persistent threats and an increase in the number of security breaches in various sectors such as BFSI and government sectors have further led to the rising adoption of OOB authentication software.”
Request a sample report: http://www.technavio.com/request-a-sample?report=53661
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Based on end-user, the report categorizes the global OOB authentication software market into the following segments:
FIRST
PCI sector
BFSI sector
Government sector
Global OOB authentication software market in PCI sector
The global OOB authentication software market in the PCI sector will grow at a CAGR of 23.82% during the forecast period.
Major payment card companies have set a number of standards to standardize their individual programs. As of April 2015, the PCI Security Standards Council has updated the PCI DSS multiple times with the most recent version 3.1. The concerns about data privacy have increased over the years. Governments of countries across the globe have formulated regulations, such as the PCI DSS, as counter measures. These regulations provide detailed guidelines related to end-user authentication, which is essential before granting a user access to confidential data.
“Organizations must comply with the regulations specific to their regions, and any non-compliance can result in vendors getting penalized. The tightening of the regulatory framework related to data security will support the growth of the market during the forecast period,” confirms Amrita.
By: LONDON--(BUSINESS WIRE)
October 03, 2016 01:03 PM Eastern Daylight Time
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