Multi-Factor Authentication (MFA) Market Comprehensive Analysis | Morpho , Gemalto , NEC
In 2017, the global Multi-Factor Authentication (MFA) market size was 6230 million US$ and it is expected to reach 26100 million US$ by the end of 2025, with a CAGR of 19.6% during 2018-2025.
If you are involved in the Multi-Factor Authentication (MFA) industry or intend to be, then this study will provide you comprehensive outlook. It offers a consequential analysis of the Multi-Factor Authentication (MFA) company, key tactics followed by leading manufactures and trending segments.
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This report studies the Multi-factor Authentication (MFA) market. Multifactor authentication (MFA) is a security system that requires more than one method of authentication from independent categories of credentials to verify the user's identity for a login or other transaction.
Banking, financial services and insurance (BFSI) segment contributed a largest market share during the forecast period owing to growing need for secure identification and verification techniques. By geography, North America commanded the largest market share due to plenty IT infrastructures and more financial institutions & companies in this region.
Multi-factor authentication (MFA) comes with different models such as two-factor authentication, three-factor authentication, four-factor authentication, and five-factor authentication. The two-factor authentication includes smart card with pin, smart card with biometric technology, biometric technology with pin, two biometric authentications, and one time password with pin. The three authentications include smart card with pin and biometric technology, smart card with two biometric technologies, pin with two biometric technologies, and three biometric authentications. On the other hand, four- and five-factor authentication includes the use of smart card and pin with more than one biometric technology such as face recognition, fingerprint recognition, voice recognition, and so on. MFA model using two factors is gaining popularityin the market; occupying almost 90.88% of its share as of 2017, followed by three-, four-, and five-factor authentication respectively.
MFA is popular due to the high degree of security and is much better than a single username and password combination. Different models of MFA have found various applications in verticals: BFSI, government, immigration & travel, commercial security, electronics and healthcare.
The research study is segmented by Types [Two-Factor Authentication, Three-Factor Authentication & Other (Four-Factor Authentication and Five-Factor Authentication)] as well as Key Applications [Banking and Finance, Government, Travel and Immigration, Military and Defense, Commercial Security, Consumer Electronics, Healthcare & Other] with historical and projected market share along with the growth rate, revenue figures and gross profit margin in tabular format which makes easy to understand product/service differences, market concentration rate and product distribution for past 5 years.
Major geographical regions like United States, Europe, China, Japan, Southeast Asia & India and leading players such as Morpho (France), Gemalto (Netherlands), NEC (Japan), Entrust Inc. (US), CA Technologies (US), Fujitsu (Japan), VASCO Data Security (US), HID Global (US), RSA Security (US), Symantec Corporation (US), SecurEnvoy ltd (England), Crossmatch (US), Duo Secuirty (US), Deepnet Security (England) & CensorNet Ltd. (England) involved in this report. The report gives a clear idea about the growth factors, reasons for deterioration of Global Multi-Factor Authentication (MFA) in recent years and different opportunities and strategies to expand market.
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If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization according to your requirement.
Each player highlighted in the research study contains companies Basic Information, Manufacturing Base, Sales Area and Its Competitors, in-depth business overview, geographic footprint and contact information. The report contains a comprehensive market and vendor landscape in addition to SWOT Analysis.
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- What will be the market size in 2022 and at what rate will it grow?
- What growth potential do Multi-Factor Authentication (MFA) market have?
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- Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
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- Influential factors that are thriving demand and constraints in the market.
To add, value to product and services research report comprises of valuable insights with distinguishable traits that influence consumer’s behavior and demand. The report offers a measurable and verifiable method made towards analysis of market concentration, new entrants and the technological trends in future.
Some of the key questions answered in this report:
- Detailed Overview of Global Multi-Factor Authentication (MFA) market helps deliver clients and businesses making strategies.
- Influential factors that are thriving demand and constraints in the market.
- What is the market concentration? Is it fragmented or highly concentrated?
- What trends, challenges and barriers will impact the development and sizing of Multi-Factor Authentication (MFA) market?
- SWOT Analysis of each key player mentioned along with its company profile.
- What growth momentum or acceleration market carries during the forecast period?
- Which region is going to tap highest market share in future?
- What Application/end-user category or Product Type may see incremental growth prospects?
- What focused approach and constraints are holding the market tight?
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There are 15 Chapters to display the Global Multi-Factor Authentication (MFA) market
Chapter 1, to describe Definition, Specifications and Classification of Multi-Factor Authentication (MFA), Applications of Multi-Factor Authentication (MFA), Market Segment by Regions;
Chapter 2, to analyze the Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure;
Chapter 3, to display the Technical Data and Manufacturing Plants Analysis of , Capacity and Commercial Production Rate, Manufacturing Plants Distribution, Export & Import, R&D Status and Technology Source, Raw Materials Sources Analysis;
Chapter 4, to show the Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment);
Chapter 5 and 6, to show the Regional Market Analysis that includes United States, Europe, China, Japan, Southeast Asia & India, Multi-Factor Authentication (MFA) Segment Market Analysis (by Type);
Chapter 7 and 8, to analyze the Multi-Factor Authentication (MFA) Segment Market Analysis (by Application [Banking and Finance, Government, Travel and Immigration, Military and Defense, Commercial Security, Consumer Electronics, Healthcare & Other]) & Type [Two-Factor Authentication, Three-Factor Authentication & Other (Four-Factor Authentication and Five-Factor Authentication)] Major Manufacturers Analysis of Multi-Factor Authentication (MFA);
Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type [Two-Factor Authentication, Three-Factor Authentication & Other (Four-Factor Authentication and Five-Factor Authentication)], Market Trend by Application Banking and Finance, Government, Travel and Immigration, Military and Defense, Commercial Security, Consumer Electronics, Healthcare & Other;
Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis;
Chapter 11, to analyze the Consumers Analysis of Global Multi-Factor Authentication (MFA);
Chapter 12, to describe Multi-Factor Authentication (MFA) Research Findings and Conclusion, Appendix, methodology and data source;
Chapter 13, 14 and 15, to describe Multi-Factor Authentication (MFA) sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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