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DUBLIN— The “Advanced Authentication Market in Defense Industry – Growth, Trends, and Forecast (2019 – 2024)” report has been added to ResearchAndMarkets.com’s offering.
The Advanced Authentication Market in Defense Industry is a highly fragmented market. In terms of market share, several major players continue to hold a considerable share in the overall market, especially across developed economies in regions such as North America and Europe. The leaders constantly keep innovating for the new technology and investing in research and development. These companies are leveraging collaborative initiatives to increase their market share and increase their profitability.
As attack vectors increase with the burgeoning of the Internet of Things (IoT), the Defense sector is exposed to different risks that require increasingly advanced authentication techniques. Today’s threat players are using more sophisticated social engineering tactics, credential-stuffing botnets, and account takeover tactics to pull off all sorts of attacks. According to the IBM Security’s Future of Identity Report, identity fraudsters have stolen USD 112 billion over the past six years – that’s approximately USD 35,600 every minute. Advanced authentication methods in Defense can help identify malicious actions while reducing unwanted speed bumps in the online experience.
The increasing digitization of the defense industry is likely to create new avenues for cyber-criminal activities, and the risk is high as compared to any other sector. The defense industry is investing rigorously in software application and is expected to grow at a fast pace, owing to the increasing integration of digitization and connected devices. Hence, the increasing number of attacks with the rapid adoption of technologies, such as IoT, is driving the growth of the market. The defense industry contains information related to equipment and relevant data, which can be illegally utilized to vandalize a country. In addition, the companies involved in the transfer of enormous amounts of data associated with flight monitoring are the major adopters of advanced authentication.
Companies are introducing advanced authentication, such as biometrics and iris scanners to overthrow cyber attackers. Furthermore, data about performance, technology, and service, is transferred over the internet by companies, which can be misused to steal ideas and outgrow the competitors. This is expected to drive the advanced authentication market over the forecast period. The aerospace and defense sector face persistent cyber threats from Advanced Persistent Threat (APT) groups working in association with nation-states. From stealing intellectual property to collecting intelligence that risks undermining nations’ defense systems and capabilities, aerospace and defense organizations have a responsibility to ensure best practice cybersecurity is maintained.
For example, the Associated Press (AP) reported that the Fancy Bear hacking group targeted at least 87 employees working for U.S. defense contractors via personal Gmail accounts and some corporate email accounts. If compromised, proprietary company data, such as advancements in drone and weapons research, and the U.S.’s defense could be at risk. To minimize the cyber threat it is essential that defense companies adopt the strongest form of advanced authentication for employees and suppliers by issuing and managing cryptographically protected digital identities across large numbers of employees and tier suppliers using public key infrastructure (PKI) for the most secure method of multi-factor authentication.
Scope of the Report
Advanced authentication is an approach to authentication which requires the presentation of two or more of the three authentication factors: a knowledge factor – something the user knows, a possession factor – something the user has, and an inherence factor – something the user is. Advanced authentication gives a central place for all authentication systems to be managed. This is critical because companies are usually made to operate and maintain various infrastructures.
Key Market Trends
Biometrics to Drive the Advanced Authentication Market in Defense Industry
North America Holds a Dominant Share of Advanced Authentication Market in Defense Industry
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increased Number of Cloud Users and Datacenters
4.2.2 Increasing Number of Security Breaches and Related Costs
4.3 Market Restraints
4.3.1 Privacy Concerns towards the Authentication Vendor and High Costs of Token