The report offers detailed coverage of Multi-factor Authentication industry and main market trends. Multi-factor authentication is an emerging category of the identity access management that involves use of multiple methods of authentication to verify a user\'s identity. Authentication of user identity ensures secure online transactions, log on to online services, and access to corporate resources. Compromised credentials are the main cause of data breaches. Multi-factor authentication is used by organizations to implement an additional layer of security that requires users to authenticate via knowledge, possession, and inherence factors to gain access to corporate and social networks.
There is an increasing concern about data privacy across the globe. Numerous countries have introduced countermeasures by formulating regulations like HIPAA for the healthcare sector and the Gramm-Leach-Bliley Act (GLBA), Basel II, PCI DSS, and SOX for the BFSI sector. These regulations offer complete guidelines related to end-user authentication that are essential before granting users access to confidential data. Organizations need to comply with the regulations specific to their regions and the non-compliance with rules can invite penalties. The stringency of the regulatory requirements for data security will contribute to the market\'s growth during the forecast period.
The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Multi-factor Authentication by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Multi-factor Authentication market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2028.
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 Multi-factor Authentication market for 2015-2028.
In this report, we analyze global market from 5 geographies: 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].
Key Companies
Entrust
Gemalto
RSA Security
SecureAuth
VASCO Data Security International
CA Technologies
Deepnet Security
Early Warning Services
Fujitsu
HID
IBM
Safran
SecurEnvoy
SecuTech Solutions
Swivel Secure
Symantec
At the same time, we classify Multi-factor Authentication 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
Multi-factor authentication products
Multi-factor authentication services
Market by Application
Hardware OTP token
Phone-based authentication
Smart Card-based authentication
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 Multi-factor Authentication market for the forecast period 2021 - 2028?
• What are the driving forces in the Multi-factor Authentication market for the forecast period 2021 - 2028?
• 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 Multi-factor Authentication 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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