Title: Global Multi-Factor Authentication Market 2017 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2023
1Global Multi-Factor Authentication Market
Research Report By Forecast To 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
2Global Multi-Factor Authentication Market
Research Report By Forecast To 2023
- Global Multi-Factor Authentication Market
Research Report By Forecast To 2023
- Multi-factor Authentication is a technological
tool which enables the organization to safeguard
their confidential data against unwanted access
and theft. The technique includes username,
personal identification number, password,
biometric, and One-time password (OTP). - Increased number of cyber theft cases and surging
demand for secured online transactions of banking
and other financial services are expected to
foster the multi-factor authentication market
over the forecast period. - According to Market Research Future Analysis,
multi factor authentication market has been
valued at 4 billion in 2016 and presumed to reach
approx. USD 11 billion with 13 of CAGR during
the forecast period, 2017-2023.
3Global Multi-Factor Authentication Market
Research Report By Forecast To 2023
Regional Analysis
- North America is expected to be the prominent
region in multi factor authentication market over
the forecast period. This is attributed to the
advancement of technology associated with large
number of technical expertise and growing
requirement of security and surveillance. In
North American region, the U.S. and Canada are
the prominent countries. Large number of market
players in this region are presumed to drive the
growth of the multi-factor authentication market. - However, Asia Pacific is expected to foresee a
promising growth over the forecast period owing
to rising demand from IT business
infrastructure and growing number of solution
providers. China, India, and Japan are the
leading countries of the Asia-Pacific region.
Europe region is expected to have a substantial
growth over the forecast period due increasing
number of data breaches.
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4Global Multi-Factor Authentication Market
Research Report By Forecast To 2023
Application Major Players in this Research
- Global Multi-Factor Authentication Market
Prominent Players - Safran (France),
- Gemalto NV (the Netherlands),
- NEC Corporation (Japan),
- 3M (U.S.),
- CA Technologies (U.S.),
- Fujitsu (Japan),
- VASCO Data Security International Inc. (U.S),
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5Global Multi-Factor Authentication Market
Research Report By Forecast To 2023
Global Multi-Factor Authentication Market
Segmented on the basis of
The multi-factor authentication is
differentiated into model, deployment, and
application. The model segment of multi-factor
authentication is sub-segmented into two-factor
authentication, multi-factor with three-factor
authentication, multi-factor with four-factor
authentication, and multi-factor with five-factor
authentication. Furthermore, two-factor
authentication market is categorized into
smartcard with pin, smart card with biometric
technology, biometric technology with pin, and
smart-card with pin. Also, the three-factor
authentication is sub-segmented into three-factor
biometric technology, smart card with two-factor
biometric technologies, pin with two-factor
biometric technologies, and smart card with pin
biometric technology. The multi-factor
authentication is sub-segmented on the basis of
deployment, on premises, and on the cloud.
Additionally, the multi-factor authentication is
further divided based on application. The
applications sub-segment is subcategorized into
banking finance, government institutions,
travel immigration, military defense,
commercial security, consumer electronics, and
healthcare.
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