Multi-Factor Authentication (MFA) Market Future Forecasts with: NEC (Japan), Entrust Inc. (US), CA Technologies (US), Fujitsu (Japan), VASCO Data Security (US) and more.

Multi-Factor Authentication (MFA) Industry Overview

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 global Multi-Factor Authentication (MFA) market is valued at 6230 million USD in 2017 and is expected to reach 16800 million USD by the end of 2023, growing at a CAGR of 18.0% between 2017 and 2023.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Multi-Factor Authentication (MFA).

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The scope of the Report:

The report offers a comprehensive evaluation of the Multi-Factor Authentication (MFA) market . It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.Through the statistical analysis, the report depicts the global total market including capacity, production, production value, cost/profit, supply/demand and import/export.

The elaboration comprises numerous vital aspects such as significant developments, financial details, gross margin, effective business strategies, sales as well as SWOT analysis, the tool known for determining business threats, opportunities, strength, and weakness.

The report also provides regional level market analysis and future outlook for: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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The research report of the global Multi-Factor Authentication (MFA) market additionally includes an in-depth assessment of competitive landscape. It analyzes the business and marketing approaches of the overall market for the forthcoming years. Alongside this, the research report likewise includes a study of the present advancements and future plans of the organizations so as to comprehend the course of the players in the near future.

Market Segment by Companies, this report covers
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).

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Two-Factor Authentication
Three-Factor Authentication
Other (Four-Factor Authentication and Five-Factor Authentication)

Market Segment by Applications, can be divided into
Banking and Finance
Government
Travel and Immigration
Military and Defense
Commercial Security
Consumer Electronics
Healthcare
Other

Crucial points coated in Multi-Factor Authentication (MFA) Market Research Report are:

What will the industry size and the growth rate by 2025?
What are the key market trends impacting the growth of the market?
Which would be the important market trends affecting the growth?
Who are the global key manufacturers of the industry?
What will be the challenges in future period?
There are 15 Chapters to deeply display the Multi-Factor Authentication (MFA) market:

Chapter 1, to describe Multi-Factor Authentication (MFA) Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top Vendors of Multi-Factor Authentication (MFA), with revenue, and gross margin of Multi-Factor Authentication (MFA), in 2016 2018;

Chapter 3, to display the competitive situation among the top Vendors, with revenue and market share from 2016-2018;

Chapter 4, to show the market by regions, with revenue and market share of Multi-Factor Authentication (MFA), for each region.

Chapter 5, 6, 7, 8 and 119, to analyze the key regions, with revenue and market share by key countries in these regions;

Continued...

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