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(USGovernment-News.Com, February 14, 2018 ) 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
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.
Some of the major players in the multi-factor authentication market are RSA Security, SecureAuth Coproration, Microsoft Corporation, CA Technologies, Symantec Corporation, Vasco Data Security International Inc., Okta Inc., Ping Identity, Gemalto, Entrust Datacard Corporation and HID Global Corporation.
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
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.
Table of Content
1 INTRODUCTION OF GLOBAL MULTIFACTOR AUTHENTICATION MARKET
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 GLOBAL MULTIFACTOR AUTHENTICATION MARKET OUTLOOK
5 GLOBAL MULTIFACTOR AUTHENTICATION MARKET , BY APPLICATION
6 GLOBAL MULTIFACTOR AUTHENTICATION MARKET , BY MODEL
7 GLOBAL MULTIFACTOR AUTHENTICATION MARKET , BY GEOGRAPHY
8 GLOBAL MULTIFACTOR AUTHENTICATION MARKET COMPETITIVE LANDSCAPE
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