Description
The global multi-factor
authentication (MFA) market has shown remarkable progress in the recent years
and is also showing attractive market potential for the future. North America
and Europe hold the largest market share of the global MFA market and
Asia-Pacific is expected to be the fastest growing region in the coming years. The
market is segmented into three major categories on the basis of model types
into: two factor authentication, three factor authentication, and four factor
authentication. It is divided into five major categories on the basis of
applications into government, defense, banking and finance, consumer
electronics, healthcare, commercial security, travel and immigration and
transportation and others. The market is further segmented by geography into
North America, Asia-Pacific, Europe, and the Rest of the World regions.
To
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This market is driven by factors
such as the increasing security concerns for network, PC, and internet
security, and the rising use of multi model authentication in banking and
finance. The legislative compliance and increase in number of smartphones with
MFA technology will also act as drivers for the global multi-factor
authentication market. Some of the factors inhibiting the growth of the market
are the high initial investment and complex maintenance. The low acceptance in
several countries due to cultural reasons will also hinder the growth of the
global multi-factor authentication market. The introduction of MFA in the
gaming industry will also serve as an opportunity, fuelling the growth of the
market.
Some of the market players in this
industry are 3M, Cross Match Technologies, Fujitsu, Sagem Morpho, Securenvoy
Ltd., Gemalto, Passfaces, RSA Security, Technology Nexus AB, Entrust, Inc., Nec
Corp., ActivIdentity Inc., Deepnet Security Ltd., Identive Group, SafeTIC, SMS
PASSCODE A/S, Entrust, Inc., Lumidigm, ZK Software, Suprema, Inc., Watchdata
Technologies, RCG Holding, SecuGen, and Confident Technologies.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
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