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Multifactor Authentication Market at a Highest CAGR with Top Players | Safran, Thales Group, NEC Corporation, 3M, Broadcom., FUJITSU, OneSpan Inc. and others

Global multifactor authentication market is to register a healthy CAGR of 17.40% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to surging trend for bring your own device (BYOD) and increasing cyber-attacks.

Few of the major competitors currently working in the global multifactor authentication market are Safran, Thales Group, NEC Corporation, 3M, Broadcom., FUJITSU, OneSpan Inc., HID Global Corporation/ASSA ABLOY AB., RSA Security LLC., SUPREMA., Crossmatch, Censornet, Duo, IDEMIA, ZKTECO CO., LTD.., Watchdata, SecurEnvoy Ltd, SecuGen Corporation, Entrust Datacard Corporation, Messe Frankfurt New Era Business Media Ltd. among others.

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Global Multifactor Authentication Market Definition: 

Multifactor authentication is a security system requiring more than one authentication technique from autonomous credentials classifications to check the identity of the user for a login or other transaction. Two or more independent credentials like password, security token, biometric and verification are combined in multifactor authentication.

Key Developments in the Market

  • In June 2019, Microsoft to require multi-factor authentication for Cloud Solution Providers. Cloud solution providers will have to use multi-factor authentication to assist businesses and handle their Office365 accounts. It will prevent the account from getting hacked or from any kind of cyber-attacks. This will help in the expansion of the product portfolio for the company.
  • In June 2019, Boon Edam, for the Tourniket Revolving Door, launched Automated Resistance Class 3 Shield Doors. The update comprises automated and advanced burglar resistance class 3 shield doors as share of an operative safety package alternative. This enhancement in technology will help in growth of this company and the market.

Market Drivers:

  • Technological advancements in biometric and cloud-based authentication services, drives the market growth
  • Surging trend for BYOD and cloud-based services across enterprises, fosters the growth of the market
  • Strict security regulations and mandates, is benefiting the market growth

Market Restraints:

  • High complexity and cost involved in applying MFA solutions, hinders the market growth
  • Dynamic security guidelines and agreements, are expected to restrain the market growth

Table of Contents

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

  • Market Ecosystem
  • Market Characteristics
  • Market Segmentation Analysis

Part 05: Pipeline Analysis

  • Pipeline Analysis

Part 06: Market Sizing

  • Market Definition
  • Market Sizing
  • Market Size And Forecast

Part 07: Five Forces Analysis

  • Bargaining Power Of Buyers
  • Bargaining Power Of Suppliers
  • Threat Of New Entrants
  • Threat Of Substitutes
  • Threat Of Rivalry
  • Market Condition

Part 08: Market Segmentation

  • Segmentation
  • Comparison
  • Market Opportunity

Part 09: Customer Landscape

Part 10: Regional Landscape

  • Geographical Segmentation
  • Regional Comparison
  • North America
  • South America
  • Europe
  • MEA
  • APAC
  • Market Opportunity

Part 11: Decision Framework

Part 12: Drivers and Challenges

  • Market Drivers
  • Market Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

  • Overview
  • Landscape Disruption

Part 15: Vendor Analysis

  • Vendors Covered
  • Vendor Classification
  • Market Positioning Of Vendors

Part 16: Appendix

  • List Of Abbreviations

See The Complete Table Of Contents And List Of Exhibits, As Well As Selected Illustrations And Example Pages From This Report.

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Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

Global Multifactor Authentication Market Segmentation: 

By Model

  • Two-Factor Authentication
    • Smart Card With Pin
    • Smart Card With Biometric Technology
    • Biometric Technology With Pin
    • Two-Factor Biometric Technology
    • One Time Password With Pin
  • Multifactor With Three-Factor Authentication
    • Smart Card With Pin and Biometric Technology
    • Smart Card With Two-Factor Biometric Technologies
    • Pin With Two-Factor Biometric Technologies
    • Three-Factor Biometric Technology
  • Multifactor With Four-Factor Authentication
  • Multifactor With Five-Factor Authentication

Deployment

  • On-premises
  • On-cloud

By Application

  • Banking and Finance
  • Government
  • Travel and Immigration
  • Military and Defences
  • Commercial Security
  • Healthcare
  • Consumer Electronics
  • Others

Geography

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