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July 2018

Authentication and Identity Management

Sectorwatch

M&A activity continued in the sector as evidenced by TransUnion’s acquisition of iovation, one of the most advanced providers of device-based information in the world. The acquisition will strengthen TransUnion’s leadership position in fraud and identity management. “iovation has unique device identity and consumer authentication capabilities that help businesses and consumers seamlessly and safely transact in a digital world,” said Jim Peck, TransUnion’s president and chief executive officer.

According to Technavio research, the global multi-factor authentication market is projected to grow at a CAGR of almost 23% between 2017 and 2021 while the global multi-factor authentication market in the banking and financial sector was valued at $2.4 billion in 2016.

Industry Trends:

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