Global Multi-Factor Authentication Market To Grow At A CAGR Of 22.18% During The Period 2016-2020
Multi-factor authentication is a verification technique that uses two or more different authentication methods. This ensures additional security, making it difficult for an unauthorized person to access a physical location, database, or computing device. Multi-factor authentication solutions incorporate biometrics and phone-based authentication solutions, making them one of the most secure authentication solutions available in the market.
Multi-factor authentication is a security system that requires more than one type of authentication to verify the identity of a user for the purpose of login or transaction:
Primary layer (something the user knows): personal identification number (PIN), pattern, or password
Secondary layer (something the user has): smart card, ID card, software token, hardware token, or phone-based token
Tertiary layer (something the user is): biometric identifiers such as facial recognition, fingerprint identification, or retinal pattern
Technavios analysts forecast the global multi-factor authentication market to grow at a CAGR of 22.18% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global multi-factor authentication market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of multi-factor authentication products and services.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
New report, Global Multi-factor Authentication Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
EMC
Entrust
Gemalto
Vasco
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Other prominent vendors
Authenex
Authentify
CA Technologies
Deepnet Security
HID Global
Mi-Token
PointSharp
Safran
SecureAuth
SecurEnvoy
SecurStar
SecuTech Solutions
Swivel Secure
Market driver
Increased need for network security on mobile devices
For a full, detailed list, view our report
Market challenge
Increase in cost of OTP tokens
For a full, detailed list, view our report
Market trend
Introduction of OOB authentication
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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