Global Multi-factor Authentication Market 2016-2020 - New Market Research Report

From: Fast Market Research, Inc.
Published: Fri Apr 29 2016

Multi-factor authentication is a verification technique that uses two or more different authentication methods. This ensures additional security, making it difficult for an unauthorized person to access a physical location, database, or computing device. Multi-factor authentication solutions incorporate biometrics and phone-based authentication solutions, making them one of the most secure authentication solutions available in the market.
Multi-factor authentication is a security system that requires more than one type of authentication to verify the identity of a user for the purpose of login or transaction:

* Primary layer (something the user knows): personal identification number (PIN), pattern, or password
* Secondary layer (something the user has): smart card, ID card, software token, hardware token, or phone-based token
* Tertiary layer (something the user is): biometric identifiers such as facial recognition, fingerprint identification, or retinal pattern

Full Report Details at

Technavio's analysts forecast the global multi-factor authentication market to grow at a CAGR of 22.18% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global multi-factor authentication market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of multi-factor authentication products and services.

The market is divided into the following segments based on geography:

* Americas

Technavio's report, Global Multi-factor Authentication Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

* Entrust
* Gemalto
* Vasco

Other prominent vendors

* Authenex
* Authentify
* CA Technologies
* Deepnet Security
* HID Global
* Mi-Token
* PointSharp
* Safran
* SecureAuth
* SecurEnvoy
* SecurStar
* SecuTech Solutions
* Swivel Secure

Market driver

* Increased need for network security on mobile devices
* For a full, detailed list, view our report

Market challenge

* Increase in cost of OTP tokens
* For a full, detailed list, view our report

Market trend

* Introduction of OOB authentication
* For a full, detailed list, view our report

Key questions answered in this report

* What will the market size be in 2020 and what will the growth rate be?
* What are the key market trends?
* What is driving this market?
* What are the challenges to market growth?

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