Multifactor Authentication Market: Cost Effectiveness of Two-Factor Authentication Segment to Push it to Top
Credentials that have been compromised are the key cause resulting breach of data. Multi-factor authentication is thus utilized by enterprises in order to administer an extra security layer that makes users to authenticate via knowledge, possession, and inherence factors to gain access to corporate and social networks.
There has been as surge in concern regarding data privacy across the globe. A large number of countries have introduced countermeasures be implementing regulations such as HIPAA, Gramm-Leach-Bliley Act (GLBA), Basel II, PCI DSS, and SOX. The rise in regulatory demands for large banks and PCI companies is providing impetus to the adoption of multi-factor authentication in across the globe.
Furthermore, technological progress in authentication solutions such as phone-based authentication and SMS tokens, integrated with biometric authentication is also boost the growth of the global multifactor authentication market.
Get PDF Sample of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1400
The global multifactor authentication market is expected to rise to US$20,444.9 mn by 2025 from US$ 4,829.2 mn in 2016. Over the forecast duration of 2017 and 2025, the global multifactor authentication market is prognosticated to expand at 17.7% CAGR.
Cost Effectiveness of Two-Factor Authentication Segment to Push it to Top
On the basis of the authentication models the multifactor-authentication market has been further segmented into three categories which are, two-factor authentication, three-factor authentication, and four-factor authentication. Two-factor authentication is a two-step verification process of combining any two of the four possible authentication parameters including possession, knowledge, genetics and location.
Among all the models, two-factor authentication model could see a significant market share for the forecast period-2017-2025, as it is a cost-effective method for multi-factor authentication.
Download TOC@ https://www.transparencymarketresearch.com/report-toc/1400
On the basis of the end-user industry segment, the multi-factor authentication market has been divided into BFSI, government, healthcare, retail, defense, telecom & IT, and others. Among all the sectors, BFSI is expected to show a significant market revenue share for the forecast period. This higher market revenue share is attributed to the increasing number of cyber-attacks on financial institutions.
Presence of Key Vendors to Propel North American Market
North America is expected to have the highest market revenue share. The growth in the North American region is majorly due to the countries such as United States and Canada. Furthermore, many companies from the multi-factor authentication market are significantly focusing on strategic mergers and acquisitions for deeper geographical penetration.
Preview Report @ https://www.transparencymarketresearch.com/multi-factor-authentication-market.html
Some of the major players in the multi-factor authentication market are RSA Security, SecureAuth Coproration, Microsoft Corporation, CA Technologies, Symantec Corporation, Vasco Data Security International Inc., Okta Inc., Ping Identity, Gemalto, Entrust Datacard Corporation and HID Global Corporation.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Research Blog: http://www.techyounme.com/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Multifactor Authentication Market: Cost Effectiveness of Two-Factor Authentication Segment to Push it to Top here
News-ID: 1157529 • Views: 666
More Releases from Transparency Market Research
Ambient Food Packaging Market to Register Substantial Expansion in Next 5 Years …
Ambient food packaging refers to packing a food product in pasteurised and sterilized packs to increase its shelf life. Ambient food packing has become a trend in the food packaging industry and ambient food products are preferred by majority of the consumers over others. Increasing demand for having more empty space in chill cabinets calls for the adoption of the food packaging methods that can offer a better shelf life
Horizontal Fan Coil Market is set to Garner Staggering Revenues by 2027 - TMR
Global Fan Coil Unit Market: Overview According to a new market report pertaining to the global fan coil unit market published by Transparency Market Research the global fan coil unit market is anticipated to reach volume of 11,378.2 thousand units by 2027. The fan coil unit market is projected to expand at a CAGR of 3.6 % from 2019 to 2027 in terms of sale. Growth of the fan coil unit
RTC IC Market – Opportunities in Key Application Sectors by 2029
Global Real-time Clock (RTC) IC Market: Introduction Transparency Market Research delivers key insights on the global real-time clock (RTC) IC market. In terms of revenue, the global real-time clock IC market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global real-time clock IC market. A real-time clock IC is a
Healthcare Packaging Market: Explore Top Factors that Will Boost the Global Mark …
Healthcare Packaging Market: Introduction The latest report published by Transparency Market Research on the global healthcare packaging market, includes global industry analysis, share, size, growth trends and forecast for 2021-2029. The current value of the global healthcare packaging market is US$ 100 Bn and is anticipated to expand to US$ 155 Bn by the year 2029. Growth of the pharmaceutical industry and high demand for medicinal supplies & drugs have created
More Releases for Cost
Mobile Application Development Cost
Mobile application development cost depends on app features, functionality, platform and technology used, development time & expertise involved. With budget constraints, choosing the appropriate mobile application development cost is crucial for organizations. It is usually seen that many technology leaders get confused while choosing between native and hybrid app platforms. Understanding exact app requirements helps overcome this challenge. Now you must be wondering which app is more cost-effective- native
Prince2 Foundation Exam Cost in India | Prince2 Certification Cost
Prince2 Foundation Certification Training Exam Cost in Pune, India at Vinsys. We Conduct 4-Day Full Time Intensive Certification PeopleCert Accredited Prince2 Certification Cost. Description: With an outstanding experience of Prince2 Foundation Certification Training more than thousands of professionals in project management around the world, we have established a well-crafted Prince2 Certification course. For Prince2 Certification Cost, we conduct a foundation course and a practitioner course. Our excellent faculty with a decent
Cost of Failure, Cost of Success
Contact centre managers and inside sales teams are constantly chasing efficiency and productivity gains, and often the holy grail of calling strategy is being able to determine the optimum time to call each number, which improves the probability of successful outcomes. Aside from chasing efficiency, there are also compliance issues to be considered, such as the requirement in Australia to comply with the Do Not Call Register Act 2006.
Better Exhibits at Lower Cost
Ascent Aerospace® recently employed a new software product for giving out technical literature (brochures and flyers) electronically rather than using printed pieces. They used this new product by D-Three™ at the Farnborough International Air Show. Ascent is a leading integrator of aerospace assembly solutions and tooling, and spans the globe to meet with clients and prospects at trade shows. Courtney Sturniolo of Ascent commented on using the new D-Three™
Cost-Efficient Driver for Cost-Efficient Piezomotors
With the E-870 series for the piezo-based PIShift inertia drives, PI (Physik Instrumente) offers a series of drive electronics at various integration levels. Whether as OEM board, as a variant for 4-channel serial control, or as bench-top device in a case: The E-870 combines low costs with an extraordinary ease of operation. The driver can be configured and operated via a USB interface. Software drivers for Windows and LabVIEW facilitate
Free Siding Cost Estimation Online
The Internet is helping everyone in so many ways, so why not in finding cost estimation for a siding project? And that’s precisely what is happening now. Every home owner will need to carry out a home improvement project from time to time, and making changes to the siding is one of them. This building material covers and protects the home from rain, sun and snow, and can thus get