Press release
Two-Factor Authentication Market 2020: Business Opportunities, Growth Factors, Size, Share, Key Players and Regional Forecast till 2024
Overview:The increasing online frauds and dangers from cybercrime have pushed the service providers to enhance their security services, for which two-factor authentication is employed. It is a multistage verification procedure, which is accessible by the user only. Data theft and online dangers have helped the market in gaining desired growth rates during this period. On observing the current market trends, the global two-factor authentication market is expected to touch an 18 % annual growth mark during the survey period. It includes one-time passwords (OTPs), biometric identification, and other methods.
Get Free Sample at: https://www.marketresearchfuture.com/sample_request/3772
In this digitally sound world, the demands for data and safeguard of the service user are some of the major factors responsible for the rising preference for this security method. This authentication procedure acts as an extra layer of security, which makes it difficult for an unauthorized person to access the transmitted information and enhance safety. The adoption of online funds transfer has pushed the banking sector to add extra security measures to its system to provide financial security to its customers.
Apart from its extensive usage, the global two-factor authentication market is facing challenges from high costs included in installations and maintenance procedures and insufficient telecom spread in underdeveloped regions. Also, for the increasing online threats and data breach, the companies have to keep their systems ready and updated for any kind of danger, which is also financially challenging the users.
Companies Covered:
The key players of global two-factor authentication market are Gemalto NV (Netherlands), Fujitsu Ltd (Japan), Suprema Inc. (South Korea), OneSpan Inc. (US), NEC CORPORATION (Japan), Symantec Corporation (US), RSA Security LLC (US), IDEMIA (France), HID Global Corporation (US), CA Inc. (US), and Google LLC (US).
Global Two-Factor Authentication Market Segments:
The global Two-Factor Authentication market is segmented into four parts, which are:
Types: OTP and Public Key Infrastructure (PKI) are the types of authentication methods used.
Models: Smart card with biometric technology, one-time password with Pin, Biometric technology with Pin, and other models are used for two-factor authentications.
Technologies: Logical Access Control, OTP, Mobile PKI office suite, smartcard with biometrics, and other technologies are employed.
End-Users: Commercial security, banking & finance, travel & immigration, defense & government, and other industries are employing this technology.
Regional Market Summary:
America, Europe, Asia Pacific, and The Middle East & Africa are the major regions observed for the global two-factor authentication market.
The American region is the current market leader with North America holding maximum shares. The growing security concerns, demands for better security measures, financial security, and other factors are driving this market. The European region is the next biggest market, followed by the Asia Pacific market. The Asia Pacific region will emerge as the fastest growing market due to vast population covers, adoption of online solutions, demands for secure transaction portals, and other factors.
The rest of the regions are also gaining pace due to improving financial structures and awareness, but in some areas lagging telecom services are challenging the market.
Recent Industry News:
The global two-factor authentication market has become an essential part of the online activities but is still facing some challenges against the high costs and lagging telecom services. The North American region will lead the market during the survey period, whereas the Asia Pacific region will emerge as the fastest-growing market.
Browse More Details on Report at: https://www.marketresearchfuture.com/reports/two-factor-authentication-market-3772
Contact:
+1 646 845 9312
Email: sales@marketresearchfuture.com/
Blog: http://mrfrblog.com/
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.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Two-Factor Authentication Market 2020: Business Opportunities, Growth Factors, Size, Share, Key Players and Regional Forecast till 2024 here
News-ID: 2085339 • Views: …
More Releases from Market Research Future
Humanoid Robots Market Size to Reach USD 13.8 Billion by 2032, Growing at 50.2% …
The global Humanoid Robots Market is projected to reach USD 13.8 Billion by 2032, growing at a robust CAGR of 50.2% during the forecast period from 2024 to 2032.
Driven by advancements in artificial intelligence, machine learning, and machine vision, humanoid robots-designed with human-like characteristics-are witnessing widespread adoption across healthcare, education, space exploration, and service industries. These robots are enhancing operational efficiency, performing complex tasks, and improving customer engagement across multiple…
Vertical Farming Market Expansion: USD 9.023 Billion in 2025 Growing to USD 58.8 …
The Vertical Farming Market was estimated at USD 7.48 Billion in 2024 and is projected to grow from USD 9.023 Billion in 2025 to USD 58.83 Billion by 2035, exhibiting a robust CAGR of 20.62% during the forecast period from 2025 to 2035.
Driven by increasing demand for sustainable agriculture, urbanization, and technological advancements in controlled-environment farming, vertical farming solutions are seeing widespread adoption across commercial, industrial, and urban agriculture sectors.
Key…
Robotics Market Trends and Forecast: USD 74,120.70 Million in 2024 Expected to H …
The Robotics Market was valued at USD 74,120.70 Million in 2024 and is projected to reach USD 476,019.67 Million by 2035, growing at a robust CAGR of 18.4% during the forecast period from 2024 to 2035.
Driven by advancements in medical robots, growing industrial robotics adoption, and the development of AI technologies, robotics solutions are witnessing widespread adoption across healthcare, manufacturing, logistics, and service sectors. Despite challenges like high initial costs…
SCADA Market Size to Reach USD 27,584.34 Million by 2035, Growing from USD 12,01 …
The global SCADA (Supervisory Control and Data Acquisition) market was valued at USD 12,010.23 million in 2024 and is projected to reach USD 27,584.34 million by 2035, growing at a CAGR of 7.85% during the forecast period from 2025 to 2035.
Driven by the rise of smart buildings, rapid urbanization in developing economies, and increased adoption of IoT and AI technologies in manufacturing, SCADA systems are witnessing extensive deployment across industrial,…
More Releases for Authentication
Battery Authentication ICs Market
Battery Authentication ICs Market Analysis:
The global Battery Authentication ICs Market size was estimated at USD 635 million in 2023 and is projected to reach USD 1183.35 million by 2030, exhibiting a CAGR of 9.30% during the forecast period.
North America Battery Authentication ICs market size was USD 165.46 million in 2023, at a CAGR of 7.97% during the forecast period of 2025 through 2030.
To Read Full Market Report -
https://semiconductorinsight.com/report/battery-authentication-ics-market/
Battery Authentication ICs…
Key Trend Reshaping the Fast Identity Online (FIDO) Authentication Market in 202 …
What combination of drivers is leading to accelerated growth in the fast identity online (fido) authentication market?
The upsurge in cyber threats is likely to fuel the expansion of the fast identity online (FIDO) authentication market in the future. These cyber threats encompass the potential dangers or vulnerabilities created by malicious activities that aim to harm data through different activities and strategies aimed at computer systems, networks, and digital information. FIDO…
Key Trend Reshaping the Fast Identity Online (FIDO) Authentication Market in 202 …
What Are the Projections for the Size and Growth Rate of the Fast Identity Online (FIDO) Authentication Market?
The Fast Identity Online (FIDO) authentication market has grown exponentially in recent years. It is projected to increase from $1.93 billion in 2024 to $2.39 billion in 2025, at a compound annual growth rate (CAGR) of 23.8%. The growth can be attributed to password vulnerabilities, increasing cybersecurity threats, consumer demand for user-friendly security,…
Multi-Factor Authentication to Dominate Global Authentication Software Market by …
[San Francisco, USA] - As businesses continue to digitize their operations, the need for reliable authentication software has become paramount. A recent market research report added on Trouve360Reports analyzes the global authentication software market and provides insights into its size, growth, and key players.
Authentication software is a security technology that ensures that users or devices are who they claim to be before granting access to a network or application. The…
Luxury Authentication Service Market Is Booming Worldwide | Komehyo, TheRealReal …
The Latest research study released by HTF MI “Luxury Authentication Service Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this Research…
Out of band Authentication Market Dynamic Business Environment during 2018 - 202 …
Global Out of Band Authentication Market: Overview
The global out-of-band authentication market is likely to display monumental growth in the near future. Spanning outside the defined band for telecommunications frequency, out-of-band is an activity mainly used for protection from false decode in telecommunication systems.
Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=5040
To define, out of band authentication (OOBA) refers to a process where authentication is carried out using two different signals using…
