|03-14-2019 10:28 PM CET - IT, New Media & Software||
Multi-Factor Authentication Market to Expand at a CAGR of 14.4% during 2019 – 2023 | Top Key Vendors - CA Technologies, Fujitsu, Gemalto NV, NEC, RSA Security, Safran SA, SecureAuth, Symantec
Press release from: Market Prognosis
Marketprognosis.com Publish a New Market Research Report On “Global Multi-Factor Authentication Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.
Overview of the Global Multi-Factor Authentication Market:
The Global Multi-Factor Authentication Market is expected to register a CAGR of 14.4% over the forecast period of 2018 - 2023. The scope of market covers both hardware and software solutions offered by various vendors of the market.
The need to share sensitive and often regulated information across organizational and even corporate boundaries has become commonplace, majorly as a result of the advent of data center, cloud services, and “bring-your-own-device” policy. As a result, a huge amount of security and data breaches are being witnessed and are anticipated to grow further. Today, an immense amount of data and infrastructure is being deployed over the cloud, thus increasing the cost due to these breaches. All these factors have driven the need for a more robust authentication, driving the multi-factor authentication market.
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Government Sector to Hold a Significant Share; The governments of various countries across the globe are adopting digitization to create transparency and to cater information to the public. The governments are investing in digital transformation at the national or state level to enhance fraud management and increase productivity. As of 2016, over 130 countries used online services to pay taxes and access various basic information, to ease public tasks. Estonia, a European country allows their 1.3 million residents to vote and pay every tax online and provides access over 155 services over the internet, which creates vulnerability, thereby fueling the market growth over the forecast period.
United Arab Emirates to Drive the Market in the Middle East Region; United Arab Emirates is expected to be one of the prime targets for identity attacks according to the United States homeland security department. The government's initiative to make Dubai a smart city is expected to increase such attacks on the country further. It has been identified that about 561 cyber-attacks with a need for authentication crisis have been averted in six months in the country, which emphasizes the need for multi-factor authentication technology in the country. United Arab Emirates has one of the highest levels of malware threats compared to other regions. About 10.26 million incidents have been reported in the country.
The growing trend of bring-your-own-device (BYOD) among companies has further emphasized the need for authentication technologies to ensure the safekeeping of data. The number of payments through online banking has also been on the rise. About one in every five transactions is through online modes of payment. Cashless payments in the country have also increased owing to the government’s implementation of e-Government strategies. All these factors are expected to drive the need for multi-factor authentication across the country.
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Major Key Players:
1 CA Technologies, Inc.
2 Fujitsu Limited
3 Gemalto NV
4 NEC Corporation
5 RSA Security LLC
6 Safran SA
7 SecureAuth Coproration
8 Suprema HQ, Inc.
9 Symantec Corporation and More……………….
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This study answers to the below key questions:
1 What are the key market trends?
2 What will the market size be in 2023 and what will the growth rate be?
3 What are the strengths and weaknesses of the key vendors?
4 Who are the key vendors in this market space?
5 What is driving this market?
6 What are the market opportunities and threats faced by the key vendors?
7 What are the challenges to market growth?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Multi-Factor Authentication Market.
Table of Contents:
2 Executive Summary
3 Multi-Factor Authentication Market Overview
4 Multi-Factor Authentication Market Dynamics
5 Multi-Factor Authentication Market Segmentation
6 Vendor Market Share
7 Company Profiles
8 Investment Analysis
9 Future of the Market
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This release was published on openPR.
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