Press release
Multi-Factor Authentication Market Spurred By Applicational Areas like Defense & Banking & Finance
The Multi-Factor Authentication Market deals with the development of authentication mechanisms. Multi-factor authentication is a method of computer access control and is used to authenticate a person on the basis of factors provided by an individual. This Technology will work by identifying an individual through his/her information provided.The commonly available models are two-factor authentication, three- factor authentication, four- factor authentication and five- factor authentication. The authentication factors are classified under three categories that include ‘Something you know’, ‘Something you are’ and ‘Something you have’. These three factors can be PIN, hardware tokens, biological traits and passwords among others. OTP one time password is an another type of authenticating factor. This technology is superior to the one factor authentication like user-name and PIN/password which could be guessed or forgotten easily.
Scope & Regional Forecast of the Multi-Factor Authentication Market
The worldwide popularized authenticated factor, OTP is being widely used across many applications, is the main key growth driver of the Multi-Factor Authentication Market. Multi-factor authentication provides a high degree of security that gives rise to the huge adoption of this technology by many consumers. The increasing national and network security threats that had been observed across various applications gives rise to the adoption of this technology which in turn boost the growth for the market.
On the other side, high initial investments, complex maintenance, and high usage service time are hindering the market growth. But, with the introduction of cloud computing in MFA the maintenance costs has been reduced, which in turn promotes the market growth. In addition, a rapid rise in online transactions due to an exponential growth in e-commerce industry is also encouraging the Multi-Factor Authentication Market.
Make an Inquiry @ http://www.industryarc.com/inquiry-before-buying.php?id=15300
Currently North America is holding the largest share on account of revenue for the Multi-Factor Authentication Market. Also it is expected to be one of the most prominent market during forecast period. Europe is leading with the next position followed by Asia-Pacific. These two regions are registering the fastest growth due to rapid digitization and growing e-commerce across various applications.
Segmentations & Key Players Involved in the Multi-Factor Authentication Market
According to IndustryARC findings, the Multi-Factor Authentication Market can be broken down into various segmentations on the basis of –
Authentication Model: Two Factor Authentication, Three Factor Authentication, Four Factor Authentication and Five Factor Authentication.
Application: Government, Travel & Immigration, Banking & Finance, Defense, Commercial Security, Health-care, Consumer Electronics, Retail and Others.
Region: North America, Europe, Asia-Pacific and Rest of the World (RoW).
Some of the key players involved in the Multi-Factor Authentication Market according to IndustryARC are as follows:
The 3M Company
NEC Corporation
Hid Global Corporation
Cross Match Technologies, Inc
Vasco Data Security International, Inc.
Request For Table Of content @ http://www.industryarc.com/pdfdownload.php?id=15300
About IndustryARC:
IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
Media Contact
Contact Person:Venkat
Email: sales@industryarc.com
Phone: 1-614-588-8538 (Ext: 101)
Company Name: IndustryARCTM
Connect with us on LinkedIn @ http://www.linkedin.com/company/industryarc
Get More Insights on Reports @ http://goo.gl/Ga7fq7
IndustryARC, 11200 Rockville Pike, Suite 504
Rockville, Maryland 20852
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 Multi-Factor Authentication Market Spurred By Applicational Areas like Defense & Banking & Finance here
News-ID: 883855 • Views: …
More Releases from IndustryARC
Professional Diagnostics Market Size to Grow at a CAGR of 6.3% During the Foreca …
Professional Diagnostics Market size in 2020 is estimated to be $45 billion, growing at a CAGR of 6.3% during the forecast period 2021-2026. Professional diagnostic is the diagnostic method which are used for faster detection of various diseases such as tuberculosis, cancer, malaria, and others. The main purpose of professional diagnostics is to diagnose or monitor disease in early condition so that treatment can be started so that this diagnostic…
Body Dryer Market Size to Grow at a CAGR of 6.0% During the Forecast Period 2021 …
Body Dryer Market size was valued at $2,978 million in 2020 and is anticipated to reach $5,143 million by the end of 2026 growing at a CAGR of 6.0% during the forecast period 2021-2026. The Body Dryer industry growth rate is attributed to the rising need to reduce medication errors and development of automated systems with improved features and is likely to new opportunities. Body dryers are type of air…
India P2P Lending Market Size Forecast to Reach $10.5 Billion by 2026
The India P2P lending Market size is forecast to reach $10.5 billion by 2026, after growing at a CAGR of 21.6% during the forecast period 2021-2026. The Peer to Peer Lending Market growth is attributed to increasing transparency in P2P lending with technologies such as block chain and smart contracts being incorporated into lending platforms. The Indian Government’s enthusiastic promotion of cashless technologies has also managed to restructure the financial…
Cloud Relational Database Market Forecast to Reach $18.8 Billion by 2026
Cloud Relational Database Market is forecast to reach $18.8 billion by 2026, after growing at a CAGR of 38.4% during 2021-2026. With rise in the adoption of IoT technologies and the usage of cloud database for computing in various organizations for different applications is analyzed to boost the Cloud Relational Database Market. Moreover, the cloud databases provide the customers with improved performance, service resilience and so on, thereby enhancing the…
More Releases for Authentication
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…
Global User Authentication Solution Market Size Study, by Type (Single Factor Au …
The user authentication solution refers to verification of a wide range of transfers of human to machine credentials which require the authenticity of the user for confirmation. In contrast the term machine authentication refers to automated process which does not require a human input. User authentication is required in all human to computer interaction other than automatically and guest logged in to a particular account. The authentication authorizes human to…
Out of band Authentication Market - Upcoming Top Innovations 2028 | Entrust Data …
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.
To define, out of band authentication (OOBA) refers to a process where authentication is carried out using two different signals using two different networks or channels. Using such…
Multifactor Authentication Market Size | MFA Market Size By Application (Commerc …
According to Verified Market Intelligence, the Global Multifactor Authentication Market was valued at USD 5.19 billion in 2016 and is projected to reach USD 18.96 billion by 2025, growing at a CAGR of 15.48% from 2017 to 2025. There are several multifactor authentication market benefits that are driving the global market, such as the increase in the strength of the overall security of an organization’s network, the high usability of…
Multifactor Authentication Market: Cost Effectiveness of Two-Factor Authenticati …
Multi-factor authentication can be considered to be an emerging sector of the identity access management and may utilize many-fold methods of authentication to verify a user’s identity. Authenticating user identity ensures security during online transactions, while logging into online services, and accessing corporate resources.
Credentials that have been compromised are the key cause resulting breach of data. Multi-factor authentication is thus utilized by enterprises in order to administer an extra…
