Two-Factor Authentication Market Is Expected To Grow At A CAGR Of 19.6% By 2023


Posted August 28, 2017 by kp41764

Two-factor authentication Market, By Types (One-time passwords, Public key infrastructure), By Model , By Technology (Physical and Logical Access Control, Out-of-Band Authenticators, PKI Authenticators), By End-User - Forecast 2023

 
Market Scenario:

Two Factor Authentication, also known as 2FA, two step verifications. The emerging trends of market dynamics, industry structure and developments, market share assessments for the regional and country level segments, the Two-Factor Authentication Market is derived by the increase in volume of online transactions, high level of security provided by hardware OTP tokens, adherence to compliance mandates and the Challenges are the inconvenience of carrying hardware tokens and vulnerability to threats, lack of telecom infrastructure in developing countries, rise in number of technical defects and others.

The study indicates that low-cost, safe and secure authentication infrastructure to support a variety of cloud services. It gives the PKI service more flexibility so that users can authenticate to cloud applications on any computer or device, at the office, or at home. Two Factor Authentication process can help to lower the number of cases of identity theft on the Internet, as well as phishing via email.

The global Two-factor authentication market is expected to grow at USD$ ~8.78 Billion by 2023, at ~19.6% of CAGR between 2017 and 2023.

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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.

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

Brief TOC:

1 Market Introduction

1.1 Introduction

1.2 Scope Of Study

1.2.1 Research Objective

1.2.2 Assumptions

1.2.3 Limitations

1.3 Market Structure:

1.3.1 Global Two-Factor Authentication Market: By Types

1.3.2 Global Two-Factor Authentication Market: By Model

1.3.3 Global Two-Factor Authentication Market: By Technology

1.3.4 Global Two-Factor Authentication Market: By End User

1.3.5 Global Two-Factor Authentication Market: By Region

2 Research Methodology

2.1 Research Model

2.2 Primary Research

2.3 Secondary Research

2.4 Forecast Model

3 Market Dynamics

3.1 Introduction

3.2 Market Drivers

3.3 Market Challenges

3.4 Market Opportunities

4 Executive Summary

Market Factor Analysis
5.1 Porter’s Five Forces Analysis

5.2 Supply Chain Analysis

Continue…

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
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Issued By Market Research Future
Country India
Categories Business
Last Updated August 28, 2017