Press release
Multifactor Authentication Market 2018 Leaders: Safran, Gemalto, NEC Corp., 3M, CA Technologies, Fujitsu, VASCO Data Security, HID Global, Suprema HQ, Crossmatch, IBM, Microsoft
Market Highlights
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.
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Key Players
Market Research Future (MRFR) identifies the following companies as the key in multi factor authentication market – 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), HID Global Corporation/ASSA ABLOY AB (Sweden), RSA Security LLC (U.S.), Suprema HQ Inc. (South Korea), Crossmatch (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Securenvoy Ltd (U.K) and Watchdata Technologies (China).
Regional analysis
Geographically, multi factor authentication market has been bifurcated into North America, Europe, Asia Pacific, and Rest of the World.
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.
LIST OF TABLES
Table1 World Population By Major Regions (2017 To 2023)
Table2 Global Multi-Factor Authentication Market: By Region, 2017-2023
Table3 North America Multi-Factor Authentication Market: By Country, 2017-2023
Table4 Europe Multi-Factor Authentication Market: By Country, 2017-2023
Table5 Asia-Pacific Multi-Factor Authentication Market: By Country, 2017-2023
Table6 Middle East & Africa Multi-Factor Authentication Market: By Country, 2017-2023
Table7 Latin America Multi-Factor Authentication Market: By Country, 2017-2023
Table8 Global Multi-Factor Authentication By Technology Market: By Regions, 2017-2023
Table9 North America Multi-Factor Authentication By Technology Market: By Country, 2017-2023
Table10 Europe Multi-Factor Authentication By Technology Market: By Country, 2017-2023
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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