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Multifactor Authentication Market is Projected to Grow at a Highest CAGR of 15.21% with Top Players like Fujitsu, Gemalto NV, Hid Global Corporation/Assa Abloy Ab, Iovation Inc, NEC Corporation, Nexus Group

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Multifactor Authentication Market is Projected to Grow at a Highest CAGR of 15.21% with Top Players like Fujitsu, Gemalto NV, Hid Global Corporation/Assa Abloy Ab, Iovation Inc, NEC Corporation, Nexus Group

Multifactor Authentication MarketPress Release

Global Multifactor Authentication Market Projected for USD 5.52 billion in 2016 growing at a CAGR of 15.21% during the forecast period of 2017 to 2024.

Multifactor Authentication Market Research helps companies to obtain market information from different sources, and in multiple formats. It aims to study supply and demand, analyze data as per geography, age factors, demography, technology, product, psychographic & gender differences, and many other parameters. Access to in-depth market trends helps companies to assess the market effectiveness. Some of the multiple techniques used for market research include customer analysis, choice modeling, competition and risk analysis, product research, advertising the research, marketing mix modeling, simulated test marketing, and more.

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Report Consists of: 

No of pages: 350

No of Figures: 60

No of Tables: 220

Multi-Factor Authentication is a technology which allows the organization to safeguard their confidential information from the undesirable access. Multi-Factor authentication uses the various security keys such as passwords, OTP, Biometric too give the authentication to access the data. It is widely incorporated in application industries such as banking and finance, government, travel and immigration, military and defense, commercial security, consumer electronics, healthcare, and others.

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Major Market Drivers& Restraints:

  • Rapid globalization
  • Growing demand of e-commerce
  • High-level security provided by hardware OTP tokens
  • High usage service time are limiting the market
  • High initial investments, and complex maintenance

Market Segmentation:

The global multifactor authentication market is segmented on the basis of model which is further segmented into two-factor authentication, multifactor with three-factor authentication, multifactor with four-factor authentication, multifactor with five-factor authentication, and others. The two-factor authentication segment is further sub segmented into smart card with pin, smart card with biometric technology, biometric technology with pin, two-factor biometric technology, one time password with pin, and others. The multifactor with three-factor authentication is further sub categorized into smart card with pin and biometric technology, smart card with two-factor biometric technologies, pin with two-factor biometric technologies, three-factor biometric technology, and others.

On the basis of deployment, the global multifactor authentication market is segmented into premise, on cloud, and others.

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On the basis of application, the multifactor authentication market is further segmented into banking and finance, government, travel and immigration, military and defense, commercial security, consumer electronics, healthcare, and others.

On the basis of geography, global multifactor authentication market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis:

The report for global multifactor authentication market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

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Major Market Competitors:

Some of the major players of the global multifactor authentication market 3M, Apersona, Inc, Biomio, CA Technology, Censornet Ltd, Crossmatch, Deepnet Security, Duo Security, Entrust Inc., Fujitsu, Gemalto NV, Hid Global Corporation/Assa Abloy Ab, Iovation Inc, NEC Corporation, Nexus Group, Rcg Holdings Limited, Rsa Security LLC, Safran, Secugen Corporation, Securenvoy Ltd, Suprema HQ Inc., Symantec Corporation, Vasco Data Security International, Inc., Watchdata.Com, ZK Software, and others.

Research Methodology:

Some of the key research methodologies used by DBMR research team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.

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