Friday 13 December 2019

Multi-Factor Authentication Market by Opportunities, Trends, Dynamics and Growth Factors Forecast to 2025


Felton, 13 December 2019 - This report provides in depth study of “Multi-Factor Authentication Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Multi-Factor Authentication Market report also provides an in-depth survey of top key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

This report includes market status and forecast of global and major regions, with introduction of vendors, regions, product types and end industries; and this report counts product types and end industries in global and major regions.
Market Segment:
Multi-Factor Authentication Model Outlook (Revenue, USD Million, 2014 - 2025)
    • Two Factor Authentication
    • Three Factor Authentication
    • Four Factor Authentication
    • Five Factor Authentication
Multi-Factor Authentication Application Outlook (Revenue, USD Million, 2014 - 2025)
    • BFSI
    • Government & Defense
    • Healthcare
    • Travel & Immigration
    • Retail & E-commerce
    • Others
Global Multi-Factor Authentication Market is expected to reach USD 17.76 billion at a CAGR as the scope and its applications are rising enormously across the globe. To confirm the user’s identity for a login or other transaction, Multi-Factor Authentication (MFA) is a security system that needs more than one technique of verification from independent groups of credentials. The aim of MFA is to create a layered defense that helps to protect personal and official data from an unauthorized person. It is built from a grouping of biometric validation techniques, physical techniques, and logical techniques to protect product or service and a facility. The multi-factor authentication market is expected to grow at a CAGR of 15.07% by 2025.
It allows administrations to use enhanced safety choices and used in various applications as high security guarantee and welfares provided for data security are documented as major factors of Multi-Factor Authentication Market that are estimated to enhance the growth in the years to come. However, requires more time for higher order authentication models and technical complexity and cost in implementing Multi-Factor Authentication are the factors that restrain overall market growth in coming years. Multi-Factor Authentication industry is segmented based on model, applications, and region.
The two-factor authentication sector accounted for the largest market share of Multi-Factor Authentication and is estimated to lead the overall market in the coming years. This may be because of secure online transaction, enhanced security, lower security management cost, and raising flexibility and productivity. Moreover, it includes onetime password with pin, smart card with pin, two-factor biometric technology, smart card with biometric technology and biometric technology with pin.
Major Key Points in Table of Content
1 Market Definition
2 Global Market by Vendors
3 Global Market by Type
4 Global Market by End-Use / Application
5 Global Market by Regions
6 North America Market
7 Europe Market
8 Asia-Pacific Market
9 South America Market
10 Middle East & Africa Market
11 Market Forecast
12 Key Manufacturers
13 Price Overview
14 Research Conclusion
Continued….
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