Market Scenario:
Multi-Factor Authentication is a technology which allows the organization to protect their secret information from the unwanted access. Multi-Factor authentication uses the various security keys such as passwords, OTPs, Biometric too give the authentication to access the data.
Increasing cybercrimes and security proliferation around the world is giving the boost to the market where as technological advancement and new security services are driving the market. Global Multi-Factor Authentication Market has been valued at USD high million in the year 2015.
Major Key Players:
• Fujitsu (Japan)
• Dell EMC (U.S.)
• CA Technologies (U.S.)
• Securenvoy Ltd (UK)
• 3M (U.S.)
• Microsoft (U.S.)
• Crossmatch (U.S.)
• Vasco Data Security (U.S.)
• 3M (U.S.)
• IBM (U.S.)
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Study Objective of Multi-Factor Authentication Market
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Multi-Factor Authentication Market
• To provide insights about factors affecting the market growth
• To analyze the Multi-Factor Authentication market based on various factors- value chain analysis, porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment by types, by security, by deployment, by industry verticals and sub-segments
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Multi-Factor Authentication Market
Market Segmentation:
• Segmentation by Security Key: Passwords, Software Tokens, Hardware Tokens, OTP (One Time Password), Biometric among others.
• Segmentation by Type: Two Factor Authentication, Three Factor Authentication among others.
• Segmentation by Deployment: On Premise & On Cloud.
• Segmentation by Industry Verticals: BFSI, Security Firms, Defence, Aerospace, Government among others.
Regional Analysis:
North America is dominating the market of Multi-Factor authentication with market share of high. Increasing security threats in the organization and high cyber-attacks in the North America countries are driving the market of Multi-Factor Authentication. This market has been valued at USD in million in the year 2015 which is expected to grow at USD high million by the end of forecasted period.
Europe market is also growing with CAGR due to the increasing government initiative with respect to cyber security. Asia-Pacific has emerged as fastest growing market with CAGR of high and has been valued at USD billion.
Industry News
• In July 2016, Microsoft announced the expansion plan of multi factor authentication.
• In February 2016, IBM announced the their multi factor authentication for z/OS is working with RACF Security Server infrastructure.
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Target Audience
• Government Security Agencies
• Private Security Agencies
• Banks
• Manufacturing Industries
• Labs
• Security Software Developers
• Security Component Manufacturers
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