Global Multifactor Authentication Market By Application (Commercial Security, Government, Travel and Immigration, Consumer Electronics, Healthcare, Banking and Finance, Military and Defense), Model (Two-Factor Authentication, Multifactor with Three-Factor Authentication, Multifactor with Four-Factor Authentication, Multifactor with Five-Factor Authentication), and Regional Market Size, Status and Forecast to 2025

  • KMI-172487
  • Dec 2017
  • 130 pages
  • Telecom And IT
Market Overview:
The Global Multifactor Authentication Market was valued at USD 5.19 billion in 2016 and is projected to reach USD 18.96 billion by 2025, growing at a CAGR of 15.48% from 2017 to 2025.

Multi-factor authentication (MFA) is a security mechanism in which individuals are authenticated through more than one required security and validation procedure. MFA is built from a combination of physical, logical and biometric validation techniques used to secure a facility, product or service. Benefits of MFA include - strengthens security, high usability, achieve compliance, increase flexibility and productivity, prevents hacking from ex-employees, and reduction in data theft.

Sample Infographics:



Market Dynamics:
1. Market Drivers
1.1 Increasing demand for MFA for data security in the cloud environment
1.2 Strict regulations and the growing pressure of data security compliances
1.3 Rising adoption of BYOD among enterprises
1.4 Rising data breaches and cyber attacks
1.5 Growing adoption of the interconnected devices in the IoT environment
2. Market Restraints
2.1 High cost solutions
2.2 Technical complexity in implementing the multifactor authentication
2.3 Rising response time in higher order authentication models

Market Segmentation:
The Global Multifactor Authentication Market is segmented on the basis of application, model, and region.

1. Application:
1.1 Commercial Security
1.2 Government
1.3 Travel and Immigration
1.4 Consumer Electronics
1.5 Healthcare
1.6 Banking and Finance
1.7 Military and Defense

2. By Model:
2.1 Two-Factor Authentication
2.1.1 Smart Card with Pin
2.1.2 Two-Factor Biometric Technology
2.1.3 One Time Password with Pin
2.1.4 Smart Card with Biometric Technology
2.1.5 Biometric Technology with Pin
2.2 Multifactor with Three-Factor Authentication
2.2.1 Pin with Two-Factor Biometric Technology
2.2.2 Three-Factor Biometric Technology
2.2.3 Smart Card with Pin and Biometric Technology
2.2.4 Smart Card with Two-Factor Biometric Technology
2.3 Multifactor with Four-Factor Authentication
2.4 Multifactor with Five-Factor Authentication

3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. NEC Corporation
2. Rsa Security LLC
3. 3M
4. Fujitsu
5. Suprema HQ Inc.
6. Crossmatch
7. Safran
8. Gemalto NV
9. Hid Global Corporation/Assa Abloy Ab
10. CA Technologies
11. Vasco Data Security International, Inc.


These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Research Methodology:
Research study on the Global Multifactor Authentication Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team.
Table of Content

1 INTRODUCTION OF GLOBAL MULTIFACTOR AUTHENTICATION MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL MULTIFACTOR AUTHENTICATION MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework

5 GLOBAL MULTIFACTOR AUTHENTICATION MARKET , BY APPLICATION
5.1 Overview
5.2 Commercial Security
5.3 Government
5.4 Travel and Immigration
5.5 Consumer Electronics
5.6 Healthcare
5.7 Banking and Finance
5.8 Military and Defense

6 GLOBAL MULTIFACTOR AUTHENTICATION MARKET , BY MODEL
6.1 Overview
6.2 Two-Factor Authentication
6.2.1 Smart Card with Pin
6.2.2 Two-Factor Biometric Technology
6.2.3 One Time Password with Pin
6.2.4 Smart Card with Biometric Technology
6.2.5 Biometric Technology with Pin
6.3 Multifactor with Three-Factor Authentication
6.3.1 Pin with Two-Factor Biometric Technology
6.3.2 Three-Factor Biometric Technology
6.3.3 Smart Card with Pin and Biometric Technology
6.3.4 Smart Card with Two-Factor Biometric Technology
6.4 Multifactor with Four-Factor Authentication
6.5 Multifactor with Five-Factor Authentication


7 GLOBAL MULTIFACTOR AUTHENTICATION MARKET , BY GEOGRAPHY
7.1 Overview
7.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
7.5.1 Brazil
7.5.2 Argentina
7.6 Rest of the World Regional Market Estimates and Forecasts, 2012 – 2025

8 GLOBAL MULTIFACTOR AUTHENTICATION MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Share
8.3 Vendor Landscape
8.4 Key Development Strategies

9 COMPANY PROFILES
9.1 NEC Corporation
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments

9.2 Rsa Security LLC
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments

9.3 3M
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments

9.4 Fujitsu
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments

9.5 Suprema HQ Inc.
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments

9.6 Crossmatch
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments

9.7 Safran
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments

9.8 Gemalto NV
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments

9.9 Hid Global Corporation/Assa Abloy Ab
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments

9.10 CA Technologies
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments

9.11 Vasco Data Security International, Inc.
9.11.1 Overview
9.11.2 Financial Performance
9.11.3 Product Outlook
9.11.4 Key Developments
10 Appendix
10.1 Related Reports

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