Multi-Factor Authentication Market Growth Opportunities, Key Driven Factors, Market Scenario Forecast To 2022

“Multi-Factor Authentication Market”
Global Multi-Factor Authentication Market Information, by Security (Passwords, Software Tokens, Hardware Tokens) by Type (Two Factor Authentication, Three Factor Authentication), by Deployment (On Premise, On Cloud), by Industry Verticals (BFSI, Security Firms, Defense, Aerospace, Government) – Forecast 2016-2022

Market Scenario

Multi-Factor Authentication is a technology which allows the organization to protect their secret information from the unwanted access. Multi-Factor authentication uses the various security keys such as passwords, OTPs, Biometric too give the authentication to access the data. Increasing cybercrimes and security proliferation around the world is giving the boost to the market where as technological advancement and new security services are driving the Multi-Factor Authentication Market.

 

Industry News

  • In July 2016, Microsoft announced the expansion plan of multi factor authentication.
  • In February 2016, IBM announced the multi factor authentication for z/OS is working with RACF Security Server infrastructure.

 

Key players

  • Fujitsu (Japan)
  • Dell EMC (U.S.)
  • CA Technologies (U.S.)
  • Securenvoy Ltd (UK)
  • 3M (U.S.)
  • Microsoft (U.S.)
  • Crossmatch (U.S.)
  • Vasco Data Security (U.S.)
  • IBM (U.S.)

 

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Market Segmentation

Segmentation by Security Key:

  • Passwords
  • Software Tokens
  • Hardware Tokens
  • OTP (One Time Password)
  • Biometric

 

Segmentation by Type:

  • Two Factor Authentication
  • Three Factor Authentication

 

Segmentation by Deployment:

  • On Premise
  • On Cloud

 

Segmentation by Industry Verticals:

  • BFSI
  • Security Firms
  • Defence
  • Aerospace
  • o   Government 

 

Regional Analysis

North America is dominating the market of Multi-Factor authentication with market share of XX%. Increasing security threats in the organization and high cyber-attacks in the North America countries are driving the market of Multi-Factor Authentication. This market has been valued at US $XX million in the year 2015 which is expected to grow at US $XX million by the end of forecasted period. Europe market is also growing with CAGR of XX% due to the increasing government initiative with respect to cyber security. Asia-Pacific has emerged as fastest growing market with CAGR of XX% and has been valued at US $XX billion. Growing economy of Asian countries results in establishment of many big organizations which are creating heavy demand for the multi-factor authentication. This market has been valued at US $XX million which is expected to grow at US $XX million by the end of forecasted period.

 

Target Audience

  • Government Security Agencies
  • Private Security Agencies
  • Banks
  • Manufacturing Industries
  • Labs
  • Security Software Developers
  • Security Component Manufacturers

 

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Brief Table of Content

1. Report prologue

2.  Introduction

2.1 Definition

2.2 Scope of the study

2.2.1 Research objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market structure

3. Research Methodology

3.1 Research process

3.2 Primary research

3.3 Secondary research

3.4 Market size estimation

3.5 Forecast model

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

5. Market factor analysis

5.1 Value chain analysis

5.2 Porters five forces

6. Global Multi-Factor Authentication Market: By Types

7. Global Multi-Factor Authentication Market: By Deployment

8. Global Multi-Factor Authentication Market: By Industry Verticals

9. Global Multi-Factor Authentication Market, by Region

10. Global Multi-Factor Authentication Market: Competitive landscape

11. Global Multi-Factor Authentication Market: Company profile

12. MRFR Conclusion

13. Appendix

 

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