1. Market Research
  2. > IT Infrastructure
  3. > Security Systems Market Trends
  4. > Multi-Factor Authentication Market by Model, Application, and Geography - Global Forecast to 2020

Multi-Factor Authentication Market by Model, Application, and Geography - Global Forecast to 2020

  • August 2015
  • -
  • MarketsandMarkets
  • -
  • 169 pages

Summary

Table of Contents

Search Inside

Multi-factor authentication is a vast market with a huge scope for growth. The MFA technology plays an important role because it helps to meet legislative compliances, security needs, inter border security requirements, enterprise data securities, and so on. Banking and finance, travel and immigration, defense and cyber security applications are deploying MFA on a large scale.

The major drivers of the MFA market are the initiatives taken by governments of several countries to invest in the government-based operations and the rolling out of regulations for others to increase the security of the user. Moreover, MFA is extensively being used for user authentication and to reduce financial frauds, phishing, to avoid data breach and so on, this is mainly because of the increase in online trading and online transactions. The major restraint for the MFA market is that people in some regions consider multi-model authentication as offensive, unpleasant, invasive, and an awkward act. The major challenge for the market is ensuring the security of data so that it cannot be intercepted and misused. The life cycle of multi-factor authentication market, by model portrays that four-factor and five-factor are in the introduction stage, three-factor is in the growth stage, whereas two-factor is at the maturity stage.

Global MFA market was valued at USD 3.60 billion in 2014 and it is expected to reach USD 9.60 billion by 2020, at an estimated CAGR of 17.7%. Government, banking & finance, and healthcare will be the key application areas of the MFA market.

Two-factor authentication is the most used authentication models followed by three-factor, four-factor, and five-factor authentication, respectively. The U.S. is the global leader in MFA technology consumption. North America leads the market followed by Europe and APAC based on region. In applications, banking & finance is the major contributor, whereas healthcare, government, and commercial security are expected to play an important role.

The major players that offer various products in the MFA market are RSA Security, LLC (U.S.), Vasco Data Security (U.S.), Gemalto NV (Netherlands), Safran SA (France), Fujitsu, Ltd. (Japan), CA Technologies (U.S.), NEC Corporation (Japan), and Cross Match Technologies (U.S.) among others.

1.1 AVAILABLE CUSTOMIZATIONS
With the given market data, MarketsandMarkets offers customizations as per the Company’s specific needs. The following customization options are available for the report:
Geographic Analysis
- Further breakdown of the North American MFA market into countries such as U.S., Canada, Mexico, and Rest of North America
- Comprehensive coverage of regulations followed in each region (Americas, APAC, and Europe)
Company Information
- Detailed analysis and profiling of additional market players (Up to 5).

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Global Markets and Technologies for Voice Recognition

Global Markets and Technologies for Voice Recognition

  • $ 6650
  • Industry report
  • January 2017
  • by BCC Research

Use this report to: - Evaluate the market opportunity for voice recognition technology providers. - Learn about the advances in machine learning, statistical data-mining techniques, ubiquitous mobile ...

Biometric Vehicle Access System Market by Authentication type, Future Technology, Vehicle Type, and Region - Global Forecast to 2021

Biometric Vehicle Access System Market by Authentication type, Future Technology, Vehicle Type, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • December 2016
  • by MarketsandMarkets

“Growing demand for and awareness regarding safety technologies to drive the biometric vehicle access system market” The biometric vehicle access system market is estimated to be USD 442.7 million ...

Biometrics Technology Market Analysis By Application (Face, Hand Geometry, Voice, Signature, Iris, AFIS, Non-AFIS), By End-Use (Government, Banking & Finance, Consumer Electronics, Healthcare, Defense & Security), By Region, And Segment Forecasts, 2014 -

Biometrics Technology Market Analysis By Application (Face, Hand Geometry, Voice, Signature, Iris, AFIS, Non-AFIS), By End-Use (Government, Banking & Finance, Consumer Electronics, Healthcare, Defense & Security), By Region, And Segment Forecasts, 2014 -

  • $ 4950
  • Industry report
  • February 2017
  • by Grand View Research

The global biometrics technology market is expected to reach USD 59.31 billion by 2025, according to a new study by Grand View Research, Inc. The increasing demand for biometrics technology across various ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.