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.
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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.
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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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