The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with 10 major regions and 30 major countries.
Two-factor biometric solutions are used to ensure physical and information security. Here, the user needs to provide the second piece of information - a code, a temporary password, or a finger swipe - to access credentials. If the user is unable to provide the correct information, the account remains locked.
The growing number of online transactions is considered to be one of the major drivers for this market. Though internet-based financial transactions are highly vulnerable to cyber-attacks, consumers are still dependent on the Internet for financial transactions due to its high convenience. Even though many financial institutions from across the globe have started using hardware OTP (one-time password) for financial transactions, the rising number of online-dependent customers will augment the need for better security techniques. This need for better security measures will fuel the need for two-factor authentication among end users from the banking and financial sectors.
North America is estimated to dominate this market during the forecast period and is envisaged to account for an impressive market share of almost 35% by 2023. In this region, the presence of many global financial institutions, increased acceptance among financial institutions, growing instances of security threats, and early adoption of technological advances are primary factors that will fuel the growth of the market.
The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Two-Factor Biometrics by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Two-Factor Biometrics market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
First, this report covers the present status and the future prospects of the global Two-Factor Biometrics market for 2015-2027.
Key Companies
EMC
Entrust
Gemalto
VASCO
Authenex
Authentify
Authy
Deepnet Security
DynaPass
Fortinet
HID Global
At the same time, we classify Two-Factor Biometrics according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market by Order Type
Passwords
Hard Tokens
Soft Tokens
OTP
Biometrics
Market by Application
BFSI
PCI
Government
Healthcare
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Two-Factor Biometrics market for the forecast period 2021 - 2027?
• What are the driving forces in the Two-Factor Biometrics market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Two-Factor Biometrics industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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