MarketResearchNest.com
adds “Global Multi-Factor Authentication
(MFA) Market 2019 by Company, Regions, Type and Application, Forecast to 2024”new
report to its research database.
This report studies the Multi-factor Authentication (MFA)
market. Multifactor authentication (MFA) is a security system that requires
more than one method of authentication from independent categories of
credentials to verify the user's identity for a login or other transaction.
Scope of the Report:
Banking, financial services and insurance (BFSI) segment
contributed a largest market share during the forecast period owing to growing
need for secure identification and verification techniques. By geography, North
America commanded the largest market share due to plenty IT infrastructures and
more financial institutions and companies in this region.
Multi-factor authentication (MFA) comes with different
models such as two-factor authentication, three-factor authentication,
four-factor authentication, and five-factor authentication. The two-factor
authentication includes smart card with pin, smart card with biometric
technology, biometric technology with pin, two biometric authentications, and
one time password with pin. The three authentications include smart card with
pin and biometric technology, smart card with two biometric technologies, pin
with two biometric technologies, and three biometric authentications. On the
other hand, four- and five-factor authentication includes the use of smart card
and pin with more than one biometric technology such as face recognition,
fingerprint recognition, voice recognition, and so on. MFA model using two
factors is gaining popularityin the market; occupying almost 90.88% of its
share as of 2017, followed by three-, four-, and five-factor authentication
respectively.
MFA is popular due to the high degree of security and is
much better than a single username and password combination. Different models
of MFA have found various applications in verticals: BFSI, government,
immigration and travel, commercial security, electronics and healthcare.
The global Multi-Factor Authentication (MFA) market is
valued at 6230 million USD in 2018 and is expected to reach 16800 million USD
by the end of 2024, growing at a CAGR of 18.0% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in
following years, especially in China, also fast growing India and Southeast
Asia regions.
North America, especially The United States, will still play
an important role which cannot be ignored. Any changes from United States might
affect the development trend of Multi-Factor Authentication (MFA).
Europe also play important roles in global market, with
market size of xx million USD in 2019 and will be xx million USD in 2024, with
a CAGR of xx%.
This report studies the Multi-Factor Authentication (MFA)
market status and outlook of Global and major regions, from angles of players,
countries, product types and end industries; this report analyzes the top
players in global market, and splits the Multi-Factor Authentication (MFA)
market by product type and applications/end industries.
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Research Report @
Market Segment by
Companies, this report covers
·
Morpho (France)
·
Gemalto (Netherlands)
·
NEC (Japan)
·
Entrust Inc. (US)
·
CA Technologies (US)
·
Fujitsu (Japan)
·
VASCO Data Security (US)
·
HID Global (US)
·
RSA Security (US)
·
Symantec Corporation (US)
·
SecurEnvoy ltd (England)
·
Crossmatch (US)
·
Duo Secuirty (US)
·
Deepnet Security (England)
·
CensorNet Ltd. (England)
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with in-depth TOC @
Market Segment by
Type, covers
·
Two-Factor Authentication
·
Three-Factor Authentication
·
Other (Four-Factor Authentication and
Five-Factor Authentication)
Market Segment by
Applications, can be divided into
·
Banking and Finance
·
Government
·
Travel and Immigration
·
Military and Defense
·
Commercial Security
·
Consumer Electronics
·
Healthcare
·
Other
Market Segment by
Regions, regional analysis covers
·
North
America (United States, Canada and Mexico)
·
Europe (Germany,
France, UK, Russia and Italy)
·
Asia-Pacific
(China, Japan, Korea, India and Southeast Asia)
·
South
America (Brazil, Argentina, Colombia etc.)
·
Middle
East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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