Wednesday, 15 February 2017

Two-Factor Authentication Market to Grow at a CAGR of 23.57% to 2021

Data security is a primary concern for enterprises, government organizations, and individuals. The popular methods for protecting sensitive data and assets include identity badges, numeric keypads, and PINs. However, these verification methods are vulnerable to hacking attempts.

The advanced 2FA solutions prevent data breach by using verification techniques like hardware OTP authentication, smart card-based authentication, phone-based authentication, and biometrics.

The 2FA solutions require two types of credentials to verify a person's identity or a transaction. This creates an additional layer of security that makes it difficult for an unauthorized person to access a database or computing device.

The surge in online transactions through mobile devices, such as smartphones, laptops, and tablets, for banking and e-commerce, has increased the urgency for 2FA.

The report analysts forecast the global 2FA market to grow at a CAGR of 23.57% during the period 2017-2021.

Covered in this report:

The report covers the present scenario and the growth prospects of the global 2FA market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of 2FA products and services.

The market is divided into the following segments based on geography:
  • APAC
  • Europe
  • MEA
  • North America
  • South America
2FA market has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Entrust
  • Gemalto
  • RSA Security
  • SecurEnvoy
  • VASCO Data Security International
Other prominent vendors
  • Authenex
  • Authentify
  • Authy
  • Deepnet Security
  • DynaPass
  • Fortinet
  • HID Global
  • ID Control
  • Meontrust
  • Mi-Token
  • PointSharp
  • Protectimus Solutions
  • SecureAuth
  • SecurEnvoy
  • SecurStar
  • Yubico
Market driver 
  • Increase in volume of online transactions
  • For a full, detailed list, view our report
Market challenge 
  • Lack of telecom infrastructure in developing countries
  • For a full, detailed list, view our report
Market trend 
  • Growing adoption of unified platforms for authentication purposes
  • For a full, detailed list, view our report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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