Press release
Two-Factor Authentication Market Growth Prospects, Competitive Analysis, Trend, Regulatory Landscape & Forecasts 2027
Global Two-Factor Authentication Market
Two-Factor Authentication Market Trends
The rise in data breaches and cyber-attacks is expected to propel the growth of the multi-factor authentication market. Cyber data breaches are identified as gaining unauthorized access to a computer system or network to obtain private, sensitive, or confidential personal and financial information from customers or users. Due to the numerous planned breaches, there is a need to enforce multi-factor authentication to prevent data breaches with endpoint detection and response (EDR), biometric technology, cloud security, code audits, and embedded system security assessments.
Moreover, launching new mobile banking platforms leads to a high market growth opportunity. Today, there are thousands of digital platforms to make payments. The emergence of E-commerce enterprises is leading to more adoption of digital payments. In the upcoming years, online shopping will be a primary preference of customers. Due to this, digital payments are expected to surge massively. The growing mobile banking will lead to high opportunities for the two-factor authentication market. Especially, the two-factor authentication market will have more demand for OTP generation and network security. These market opportunities will expand the overall industry growth.
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Global Two-Factor Authentication Market: Major Players
DynaPass
Protectimus Solutions
SecurEnvoy
VASCO Data Security International
Meontrust
Fortinet
Entrust
Yubico
PointSharp
i-Sprint
SecurEnvoy
RSA Security
SecurStar
Symantec
ID Control
Authy
Authenex
Gemalto
SecureAuth
Authentify
HID Global
Mi-Token
Deepnet Security
Global Two-Factor Authentication Market: By Types
Hardware OTP authentication
Smart card-based authentication
Phone-based authentication
Biometrics
Global Two-Factor Authentication Market: By Applications
BFSI
PCI
Government
Healthcare
Global Two-Factor Authentication Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Two-Factor Authentication market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Frequently Asked Questions (FAQ) :
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Which model area led the two-factor authentication market?
Which technology had the largest market share in the two-factor authentication market?
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