The global multi-factor
authentication (MFA) market has shown remarkable progress in the recent years
and is also showing attractive market potential for the future. North America
and Europe hold the largest market share of the global MFA market and
Asia-Pacific is expected to be the fastest growing region in the coming years.
The market is segmented into three major categories on the basis of model types
into: two factor authentication, three factor authentication, and four factor
authentication. It is divided into five major categories on the basis of
applications into government, defense, banking and finance, consumer
electronics, healthcare, commercial security, travel and immigration and
transportation and others. The market is further segmented by geography into
North America, Asia-Pacific, Europe, and the Rest of the World regions.
This market is driven by
factors such as the increasing security concerns for network, PC, and internet
security, and the rising use of multi model authentication in banking and
finance. The legislative compliance and increase in number of smartphones with
MFA technology will also act as drivers for the global multi-factor
authentication market. Some of the factors inhibiting the growth of the market
are the high initial investment and complex maintenance. The low acceptance in
several countries due to cultural reasons will also hinder the growth of the
global multi-factor authentication market. The introduction of MFA in the
gaming industry will also serve as an opportunity, fuelling the growth of the
market.
Some of the market players
in this industry are 3M, Cross Match Technologies, Fujitsu, Sagem Morpho,
Securenvoy Ltd., Gemalto, Passfaces, RSA Security, Technology Nexus AB,
Entrust, Inc., Nec Corp., ActivIdentity Inc., Deepnet Security Ltd., Identive
Group, SafeTIC, SMS PASSCODE A/S, Entrust, Inc., Lumidigm, ZK Software,
Suprema, Inc., Watchdata Technologies, RCG Holding, SecuGen, and Confident Technologies.
This research report
analyzes this market depending on its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a complete
study of current trends in the market, industry growth drivers, and restraints.
It provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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