Multifactor Authentication Market


Multifactor Authentication Market

Multifactor Authentication Market was valued US$6.93 Bn by 2017 and is estimated to reach US$24.82 Bn by 2026 at a CAGR of about 15.23% during a forecast period. Multi-factor authentication utilizes many-fold methods of authentication to verify a user’s identity. Authenticating user identity ensures security during online transactions and accessing corporate resources. Multi-factor authentication utilized for Credentials breach of data that enterprise in order to administer an extra security layer that makes users authenticate via knowledge, possession, and inherence factors to gain access to corporate and social networks. A large number of countries have introduced countermeasures to implement the regulations such as HIPAA, Basel II, Gramm-Leach-Bliley Act (GLBA), PCI DSS, and SOX. Multifactor Authentication Market Based on the Model type, Multifactor Authentication market can be fragmented into Two-factor, Three-factor, Four-factor and Five factor. Authentication model of five-factor is expected to grow at the highest rate during the forecast period. As five-factor authentication model provides a high level of security to top secret information, which is of high importance. Provide many good solutions for government applications such as security services, homeland access to top-secret national data/files, safeguarding data, and technology in national research centers. Based on application Multifactor Authentication market is sectionized into BFSI, Government, Healthcare, Retail, and Telecom & IT. Increasing online traction and the growth of e-commerce are the major factors for growth. Many regulatory bodies have moved to regulation for the use of multifactor authentication technology in this application. Thus BFSI is accounted for the largest share in multifactor authentication market. In terms of geography Multifactor Authentication market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to dominate the Multifactor Authentication market over the forecast period. Many companies of this market are significantly focusing on strategic mergers and acquisitions for deeper geographical penetration. The growth of the North American region is majorly followed by countries such as the United States and Canada. According to 2017, multi-factor authentication market revenue in North America is around 2327.5 Mn. Key Players Profiled and Analyzed in the Report CA Technologies, RSA Security, SecureAuth Corporation, Gemalto, Microsoft Corporation, HID Global Corporation/ASSA ABLOY AB, Symantec Corporation, Vasco Data Security International Inc., Safran, Okta Inc., NEC Corporation, Ping Identity, Fujits, Entrust Datacard Corporation and HID Global Corporation, 3M, VASCO Data Security International Inc., RSA Security LLC , Suprema HQ Inc. , and Crossmatch

Scope of the Multifactor Authentication Market

Multifactor Authentication Market by Model Type:

• Two-factor • Three-factor • Four-factor • Five-Factor

Multifactor Authentication Market by Application Type:

• BFSI • Government • Healthcare • Retail • Telecom & IT

Multifactor Authentication Market by Region:

• Asia Pacific • Europe • North America • Middle East & Africa • Latin America

Key Players in the Multifactor Authentication Market:

  1. CA Technologies 2. RSA Security 3. SecureAuth Corporation 4. Gemalto 5. Microsoft Corporation 6. HID Global Corporation/ASSA ABLOY AB 7. Symantec Corporation 8. Vasco Data Security International Inc. 9. Safran 10. Okta Inc. 11. NEC Corporation 12. Ping Identity 13. Fujits 14. Entrust Datacard Corporation 15. HID Global Corporation 16. 3M 17. VASCO Data Security International Inc. 18. RSA Security LLC 19. Suprema HQ Inc. 20. Crossmatch

About company information-

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.


Keywords: multifactor authentication market


Other related blogs

How to setup HP OfficeJet Pro 9000 series All-in-One Printer

By : HP OfficeJet Pro 9000 Series All-in-One Printer

The 9015 is an across the board inkjet printer and provides an excellent highlight ..

DIAL HP Officejet pro 9025 printer support number| + 1-800-396-0517

By : HP OfficeJet Pro 9000 Series All-in-One Printer

Dial for HP Officejet pro 9015 printer support number to get nonstop performance for technical bottl..

Instructions for troubleshooting HP laptop support DVD drive issues

By : Contact HP - Help

The hp laptop support number is notable HP quality items that are accessible in the market with DVD ..

family tree maker number

By : Family Tree Maker Supports

family tree maker number is the technical support number of family tree maker support ,you can conta..