SIM-based mobile network authentication Market Size (2023 – 2030)

The Global SIM-based mobile network authentication Market is estimated to be USD 2.27 Billion in 2023 and is projected to reach a value of USD 5.43 Billion by 2030, growing at a fast CAGR of 13.26% during the forecast period 2024-2030.

The market for SIM-based mobile network authentication is expanding and is centered on offering mobile devices trustworthy and secure authentication. Subscriber Identification Modules, or SIMs, are tiny chips that are put into mobile devices and hold specific data about a user's account with a mobile network operator. In order to identify users and authenticate them on mobile networks, SIM-based mobile network authentication is a crucial component of mobile security. Applications for this technology include mobile banking, mobile payments, and mobile commerce. The market for secure mobile network authentication solutions that use Subscriber Identity Module (SIM) cards to confirm the identification of mobile device users is known as the SIM-based mobile network authentication market. The unique identifying data about the user, including their phone number and service provider, is stored on SIM cards, which are tiny chips that are placed into mobile devices. SIM-based mobile network authentication is used to prevent fraud or illegal use by ensuring that only authorized users can access a mobile network. Mobile network operators (MNOs) all over the world use it as a crucial part of mobile network security. Companies that offer SIM cards, SIM card readers, and related hardware and software systems for mobile network authentication are included in the market for SIM-based mobile network authentication. It also covers businesses that offer similar solutions for security, authentication, and management of mobile devices. The market is being pushed by both the rising demand for secure mobile network authentication systems and the rising use of mobile devices. The need for safe and dependable mobile network authentication is growing as more people rely on mobile devices for communication, shopping, and other activities. 

Global SIM-based mobile network authentication Market Drivers:

Increasing Need for Secure Mobile Network Authentication Systems.is driving market growth:

Mobile network authentication systems need to be more dependable and secure as the use of smartphones and other mobile devices increases. A popular technique for securing safe access to mobile networks is SIM-based authentication.  In order to safeguard against fraud and other security issues, there is an increasing need for secure mobile network authentication systems. Mobile devices are increasingly being utilized for private transactions like online payments and mobile banking.

Regulatory Compliance and IoT Security with SIM-based Authentication:

The security of mobile networks is being ensured through legislation being implemented by governments all around the world. To comply with these laws, SIM-based mobile network authentication is frequently needed. A wide variety of connected gadgets are being adopted as a result of the Internet of Things (IoT). Secure access to IoT networks and devices is frequently ensured by the use of SIM-based authentication.

Global SIM-based mobile network authentication Market Challenges:

The market for SIM-based mobile network authentication is getting more and more crowded with businesses selling comparable goods and services. Because of this, it may be challenging for new competitors to achieve market share and for incumbent businesses to hold onto their positions. Systems using SIM-based authentication must be compatible with a variety of mobile platforms and operating systems. The likelihood of security risks including hacking, phishing, and other types of cybercrime rises as mobile networks become more complicated.  Implementing and maintaining SIM-based authentication systems can be expensive, especially for smaller mobile network operators. This may make it difficult for new businesses to enter the market and may prevent the market from expanding.

Global SIM-based mobile network authentication Market Opportunities:

Mobile device adoption and mobile network usage are growing quickly in many emerging markets. For businesses that can offer safe and dependable mobile network authentication systems, these markets offer considerable prospects. For even more convenient and secure authentication solutions, SIM-based authentication systems can be combined with other technologies like biometrics, machine learning, and artificial intelligence. Beyond mobile network access, SIM-based authentication can be used for a variety of purposes, including secure authentication for online banking, e-commerce, and other types of transactions. Interested parties can open up new possibilities for growth and innovation, cooperation, and collaborations among mobile network operators, hardware, and software vendors.

COVID-19 Impact on Global SIM-based mobile network authentication Market:

The global market for SIM-based mobile network authentication has seen a varied response to the COVID-19 pandemic. The pandemic has affected numerous sectors and supply chains, but it has also sped up the transition to mobile devices and digital technologies, increasing demand for mobile network authentication solutions. The increase in online and remote work has been one of the pandemic's biggest effects on the market for SIM-based mobile network authentication. The demand for secure mobile network authentication has increased as more individuals work from home and rely on digital technology for communication. Due to this, there is now a higher need for SIM-based authentication systems that enable safe remote access to mobile networks. The pandemic has also hampered manufacturing processes and supply chains, causing delays and shortages of SIM cards and associated gear. Mobile network providers and other businesses that depend on SIM-based authentication systems now face difficulties as a result. The trend toward digital technologies and mobile devices is anticipated to persist, spurring the further expansion of market for secure mobile network authentication solutions. Notwithstanding these difficulties, the pandemic's overall effect on the market for SIM-based mobile network authentication has been favourable.

Global SIM-based mobile network authentication Market Recent Developments:

• In October 2022, the leading supplier of digital security products, Gemalto recently established a partnership with Finnish telecommunications provider Elisa to offer SIM-based authentication services to Elisa's clients.
• In June 2022, the $5.4 billion acquisition of Gemalto by the international defense and aerospace corporation Thales Group included the maker of SIM cards. The Thales Group's position in the digital security sector, particularly the market for SIM-based mobile network authentication, is anticipated to be strengthened by this acquisition.
• In August 2022, Leading German telecoms provider Deutsche Telekom established a partnership with secure mobile authentication solution supplier G+D Mobile Security to introduce a new SIM-based authentication solution for its clients.

SIM-BASED MOBILE NETWORK AUTHENTICATION MARKET REPORT COVERAGE:

Global SIM-based mobile network authentication Market Segmentation: By Component

• SIM Cards

• Mobile Devices

• Hardware Components

• Software Components

Mobile network operator's SIM cards must function with these devices, and they must support a variety of authentication protocols and technologies. This section comprises numerous hardware elements needed for SIM-based mobile network authentication, such as SIM readers, authentication servers, and other network infrastructure. The main element needed for SIM-based mobile network authentication is a SIM card. These cards are placed into mobile devices to enable various services like phone, data, and messaging as well as secure access to mobile networks.

Another essential element needed for SIM-based mobile network authentication is mobile devices, such as smartphones, tablets, and other mobile devices.

This section comprises numerous hardware elements needed for SIM-based mobile network authentication, such as SIM readers, authentication servers, and other network infrastructure. In SIM-based mobile network authentication, numerous software elements such as authentication algorithms, encryption protocols, and other security software.

Global SIM-based mobile network authentication Market Segmentation: By Application

• Voice Authentication

• Data Authentication

• Messaging Authentication

• Online Banking and E-commerce Authentication

• IoT Network Authentication

Voice services on mobile networks frequently employ IM-based verification, enabling users to place and receive calls in confidence. Services for Data On mobile networks, SIM-based authentication is also used to provide secure access to data services like email and web browsing. Mobile networks also utilize SIM-based authentication for messaging services and MMS messaging for secure communication. Internet Banking and Online Shopping While accessing online banking and shopping platforms securely, SIM-based authentication is frequently utilized to add an extra degree of security. Networks for IoT A wide variety of connected gadgets are being adopted as a result of the Internet of Things (IoT). Secure access to IoT networks and devices is frequently ensured by the use of SIM-based authentication.

Global SIM-based mobile network authentication Market Segmentation: By End-User

• Individual Consumers

• Small and Medium-sized Enterprises (SMEs)

• Large Enterprises

Those who use mobile handsets for personal use and need SIM-based verification for phone, data, and messaging services are included in this sector. The demand for SIM-based mobile network authentication solutions in this market is being driven by the rising consumer adoption of mobile devices and mobile applications. Small and medium-sized organizations that need secure and dependable mobile network authentication solutions to safeguard their data and communications are included in this market category. The demand for SIM-based authentication solutions in this market is being driven by the growing adoption of mobile devices and applications by SMEs. Large enterprises and organizations that need high-security mobile network authentication solutions are included in this market category. Big businesses are active in a number of sectors, including healthcare, banking, and government.

Global SIM-based mobile network authentication Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• Rest of the World

North American region comprises the United States and Canada, where the increased adoption of smartphones and mobile devices, as well as the requirement for secure mobile banking and e-commerce transactions, are driving factors behind the demand for SIM-based mobile network authentication. The demand for SIM-based mobile network authentication is driven by the extensive use of mobile devices for a variety of applications and the growing uptake of IoT devices in Europe, which includes nations like the United Kingdom, Germany, France, and Italy. Asia-Pacific nations including China, Japan, India, and Australia are among those where there is a high need for SIM-based mobile network authentication due to the region's massive smartphone user base, burgeoning m-commerce and mobile banking industries, and rising IoT device usage.

Global SIM-based mobile network authentication Market Key Players:

1. Gemalto NV (Thales Group)
2. IDEMIA (formerly Morpho)
3. Oberthur Technologies (OT-Morpho)
4. Giesecke+Devrient GmbH
5. Valid
6. Watchdata Technologies
7. Eastcompeace
8. Datang Telecom Technology Co., Ltd.
9. Kona I Co., Ltd.
10. Wuhan Tianyu Information Industry Co., Ltd.