Press release
Two-Factor Authentication Market with Focus on Growth Analysis, 19.6% of CAGR and Forecast to 2023
Market Synopsis of Two-Factor Authentication Market
Market Highlights
The study reveals that Two-factor authentication is trending in North America region. The global Two-factor authentication market is expected to witness a high growth in the coming years. However, the application segment including BFSI, PCI, healthcare, government and among others are major contributors in the market. The BFSI segment is expected to occupy the market share of 43%, in 2016.
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The study indicates that the introduction of OOB authentication, emergence of cloud-based 2FA, Growing adoption of unified platforms for authentication purposes are the trending factor of this market growth of Two-factor authentication. However, in BFSI sector, the volume of online financial transactions has increased significantly due to their swiftness and ease of use and to ensure safety and avoid cyber-attacks, vendors in the 2FA market are providing software one-time password (OTP) tokens, hardware OTP tokens, e-mail, and phone-based authentication options. The growth in the e-commerce market is also significantly impacting the volume of online financial transactions, leading to increased adoption of 2FA solutions.
The Two-factor authentication Market is growing rapidly over 19.6% of CAGR and is expected to reach at USD $~8.78 Billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Two-factor authentication Market Research Report -Forecast to 2023”.
Study Objectives of Two-Factor Authentication Market:
To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Two-Factor Authentication market.
To provide insights about factors affecting the market growth.
To analyze the Two-Factor Authentication market based porter’s five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
To provide country level analysis of the market with respect to the current market size and future prospective.
To provide country level analysis of the market for segment on the basis of type, application, end -users and region.
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Two-Factor Authentication.
Key Players
The prominent players in the Two-factor authentication system Market are –Fujitsu Ltd. (Japan), VASCO Data Security International Inc. (US), HID Global Corporation/ASSA ABLOY AB (Sweden), Safran S.A (France), Gemalto NV (the Netherlands), NEC Corporation (Japan), CA Technologies (US), RSA Security LLC (US), Suprema HQ Inc. (South Korea), Crossmatch Technologies Inc. (US) and 3M Company(US), among others.
Segments:
The global Two-factor authentication system market has been segmented on the basis of types, model, technology, end -users and region.
Two-factor authentication system Market by Types:
One-time passwords
Public key infrastructure
Others
Two-factor authentication system Market by Model:
Smart Card with Pin
Smart Card with Biometric Technology
Biometric Technology with Pin
Two-Factor Biometric Technology
One Time Password with Pin
Others
Two-factor authentication system Market by Technology:
Physical and Logical Access Control
SafeNet OTP Authenticators
Out-of-Band Authenticators
MobilePKI Office Suite
PKI Authenticators
Others
Two-factor authentication system Market by End-User:
Banking and Finance
Consumer Electronics
Healthcare
Government
Travel and Immigration
Military and Defense
Commercial Security
Others
Two-factor authentication system Market by Regions:
North America
Europe
APAC
Rest of the World
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Regional Analysis:
The regional analysis of Two-factor authentication market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. The Two-Factor Authentication analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, and consumer buying patterns, demand and present scenarios in Two-Factor Authentication industry. The Key Vendors such as Entrust, Gemalto, RSA Security, SecurEnvoy, VASCO Data Security International, and many more are the major player in this market. The Two-Factor Authentication Market report includes company share analysis for the major companies operating in this market by major regions. Europe market in 2016, owing to major Two-factor authentication manufacturing companies based out here. This region is expected to grow further in the coming years of the Two-factor authentication market
Intended Audience
Raw material providers
Companies in the MFA technology market
Authentication applications and software designing companies
Electronics and semiconductor companies
Investment community interested in the MFA technology market
Research institutes and organizations
Market research and consulting firms
Government and financial institutions
Research institutes and organizations
Technology standards organizations
Technology investors
Research institutes
System Integrators
Research/Consultancy firms
About Us:
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.
Media Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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