Multi Factor Authentication Market 2018 Key Players: 3M, Cross Match Technologies, ACTivIdentity Inc., CA Technologies, Confident Technologies, Deepnet Security Ltd., Dell Technologies, Entrust Inc., Fujitsu Ltd
Multi Factor Authentication Market estimated to grow at a substantial CAGR from 2018 to 2024
(EMAILWIRE.COM, August 09, 2018 ) Market Overview: -
The multi factor authentication market is segmented based on the technology models such as five factor, four factor, three factor and two factor, authentication models. These models are mainly being implemented for identifying an individual through one’s information or physical traits. One time password (OTP) and smart cards with PINs are the commonly used two factor authentication techniques. The OTP authentication is widely gaining approval in the developed countries. Biometric based multi factor models are growing at a speedy pace as they are providing high convenience and security which are gaining popularity, thereby boosting the multi factor authentication market demand.
Multi Factor Authentication Market size is anticipated to grow substantially over the future owing to the increase in network security threats coupled with the growing demand for advanced and reliable authentication systems. Rising usage of smartphones with in-built verification technology and the emergence of e-commerce is propelling the multi factor authentication market growth.
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Top Key Players: -
Key players involved in the multi factor authentication market are 3M, Cross Match Technologies, ACTivIdentity Inc., CA Technologies, Confident Technologies, Deepnet Security Ltd., Dell Technologies, Entrust Inc., Fujitsu Ltd., Gemalto NV., HID Global, Lumidigm, NEC Corporation, Passfaces, RCG Holding, RSA Security LLC, Safran SA, Sagem Morpho, SMS Passcode A/S, Safe TLC, SecuGen, Securenvoy Ltd., Suprema Inc., Technology Nexus AB, Vasco Data Security, Watchdata Technologies and ZK Software.
Market share calculation in this report is not done based on companies covered in it. The calculation of multi factor authentication market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
The multi factor authentication market in the U.S. accounts for the major revenue share. The growth is credited to the presence of developed IT infrastructure, financial institutes, and the rising requirement for dependable authentication models. In the region, several banks have prompted the adoption for these models. In 2016, the U.S. Homeland Security launched an airport biometric scanning system which is helping track the immigration in the country through iris and facial recognitions and is aiding the government identify non-U.S. citizens.
The Asia Pacific multi factor authentication market is anticipated to witnesses robust growth owing to the improving economic conditions in developing countries such as China, India and Japan. Increasing usage of smartphones and demonetization effect in India has shown a growing usage for e-wallets and mobile payment applications, which in turn demands for added security.
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The technology is being implemented across several industries such as commercial security, consumer electronics, BFSI, aerospace & defense, healthcare, government, transportation and travel & immigration. The BFSI industry is a key segment which is anticipated to lead the multi factor authentication market growth. Three factor models are being commonly used in BFSI segment owing to its usage in restricted access areas such as bank lockers.
The four and five factor models have been implemented in defense, and government applications and are anticipated to play a vital role owing to the stringent government regulations, border security and data security needs. Several government administrations are developing rules & regulations for diverse sectors to protect their data and are capitalizing a substantial sum for solution developments, thereby contributing the multi factor authentication market growth.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
The multi factor authentication market is segmented based on the technology models such as five factor, four factor, three factor and two factor, authentication models. These models are mainly being implemented for identifying an individual through one’s information or physical traits. One time password (OTP) and smart cards with PINs are the commonly used two factor authentication techniques. The OTP authentication is widely gaining approval in the developed countries. Biometric based multi factor models are growing at a speedy pace as they are providing high convenience and security which are gaining popularity, thereby boosting the multi factor authentication market demand.
Multi Factor Authentication Market size is anticipated to grow substantially over the future owing to the increase in network security threats coupled with the growing demand for advanced and reliable authentication systems. Rising usage of smartphones with in-built verification technology and the emergence of e-commerce is propelling the multi factor authentication market growth.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1761
Top Key Players: -
Key players involved in the multi factor authentication market are 3M, Cross Match Technologies, ACTivIdentity Inc., CA Technologies, Confident Technologies, Deepnet Security Ltd., Dell Technologies, Entrust Inc., Fujitsu Ltd., Gemalto NV., HID Global, Lumidigm, NEC Corporation, Passfaces, RCG Holding, RSA Security LLC, Safran SA, Sagem Morpho, SMS Passcode A/S, Safe TLC, SecuGen, Securenvoy Ltd., Suprema Inc., Technology Nexus AB, Vasco Data Security, Watchdata Technologies and ZK Software.
Market share calculation in this report is not done based on companies covered in it. The calculation of multi factor authentication market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
The multi factor authentication market in the U.S. accounts for the major revenue share. The growth is credited to the presence of developed IT infrastructure, financial institutes, and the rising requirement for dependable authentication models. In the region, several banks have prompted the adoption for these models. In 2016, the U.S. Homeland Security launched an airport biometric scanning system which is helping track the immigration in the country through iris and facial recognitions and is aiding the government identify non-U.S. citizens.
The Asia Pacific multi factor authentication market is anticipated to witnesses robust growth owing to the improving economic conditions in developing countries such as China, India and Japan. Increasing usage of smartphones and demonetization effect in India has shown a growing usage for e-wallets and mobile payment applications, which in turn demands for added security.
Request for customization of this report @ https://www.gminsights.com/roc/1761
The technology is being implemented across several industries such as commercial security, consumer electronics, BFSI, aerospace & defense, healthcare, government, transportation and travel & immigration. The BFSI industry is a key segment which is anticipated to lead the multi factor authentication market growth. Three factor models are being commonly used in BFSI segment owing to its usage in restricted access areas such as bank lockers.
The four and five factor models have been implemented in defense, and government applications and are anticipated to play a vital role owing to the stringent government regulations, border security and data security needs. Several government administrations are developing rules & regulations for diverse sectors to protect their data and are capitalizing a substantial sum for solution developments, thereby contributing the multi factor authentication market growth.
Browse Full Report @ https://bit.ly/2slem09
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results