HOME Top Market Reports Multi-Factor Authentication Market by Model/Type (Two, Three, Four & Five-Factor), Application (Banking & Finance, Government, Defense, Healthcare and others), & by Geography - Global Trend & Forecast to 2014 - 2020

Multi-Factor Authentication Market by Model/Type (Two, Three, Four & Five-Factor), Application (Banking & Finance, Government, Defense, Healthcare and others), & by Geography - Global Trend & Forecast to 2014 - 2020

By: marketsandmarkets.com
Publishing Date: March 2014
Report Code: SE 2336

 

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Multi-factor authentication (MFA) implies user and employee authentication by verifying, two or more authentication techniques (Hardware token, One Time Password, Password/PIN, and biometric traits) provided by them. In the past methods included for human identification such as username and PIN/password (one factor authentication) were not able to cope up with the increasing demand for stringent security, therefore its giving good opportunity to use MFA. This particular technology is well accepted and popular as it’s not easy to break these security systems.

This report deals with all the driving factors, restraints, and opportunities for the Multi-factor authentication market, which are helpful in identifying trends and key success factors for the industry. The report also profiles companies active in the field of MFA technology. This report provides the competitive landscape of the main players, which covers key growth strategies followed by all the major players. It also highlights the winning imperatives and burning issues pertaining to the MFA industry. It also analyzes the MFA technology market with the help of Porter’s five-force model.

Scope of the report

This research report categorizes the global Multi-factor authentication technology, based on types of authentication and applications market; it also covers the forecasted revenue from 2014 to 2020 and future applications of MFA market. This report also shows the various activities that are being conducted by different institutes and universities. It describes the deployments of MFA technology in various regions. The report describes the applications mapping the MFA market with respect to the growth potential and adoption by the users.

On the basis of types of authentication (Model)

Global MFA market is categorized into various models such two-factor, three-factor, four-factor and five-factor authentication. Two-factor authentication is further segmented into smartcard with PIN, smartcard with biometric technology, PIN with biometric technology and two biometric technologies. Similarly a three-factor authentication model is segmented into smartcard with PIN and biometric technology, smartcard with two biometric technologies, PIN with two biometric technologies and three biometric technologies. On the other hand, four and five-factor authentication includes the use of smart card and pin with more than one biometric technology such as face recognition, fingerprint recognition, voice recognition, and so on.

On the basis of application areas

The Applications areas of biometric technology have been categorized into government, travel and immigration, defense, banking and finance, healthcare, consumer electronics and commercial security.

On the basis of geography
Geographical analysis covers North America, Europe, Asia-Pacific, and ROW. In this report, North America is further segregated by countries such as the U.S., Canada, and Mexico. Europe is further segregated into Germany, U.K., France, Italy, and others. APAC is segregated into Australia, China, Japan, South Korea, and India. ROW is segregated into Africa and the Middle East.

The leading companies in the MFA market covered in the report are Gemalto N.V. (the Netherlands), RSA (U.S.), 3M (U.S.), Fujitsu Ltd (Japan),Safran SA (France), RCG Holdings LTD. (Hong Kong),NEC Corporation (Japan), Suprema Inc. (South Korea), Cross Match Technologies (U.S.), and ValidSoft (U.K.).

Table Of Contents  
  
1 Introduction (Page No.-18)
  1.1 Objectives
  1.2 Report Description
  1.3 Markets Covered
  1.4 Stakeholders
  1.5 Research Methodology
      1.5.1 Market Size Estimation
      1.5.2 Key Data Points Taken From Primary Sources
      1.5.3 Key Data Points Taken From Secondary Sources  
      1.5.4 Assumptions Made For This Report
      1.5.5 List Of Companies Covered During Study

2 Executive Summary (Page No.-28)

3 Cover Story (Page No.-34)
  3.1 Interview: Vice President Business Development, Athena Scs

4 Market Overview (Page No.-37)
  4.1 Introduction
      4.1.1 Market Definition
  4.2 Advantages Of Multi-Factor Authentication
  4.3 Technologies, Standards And Trends
  4.4 Market Dynamics
      4.4.1 Drivers
            4.4.1.1 Legislative Compliance
            4.4.1.2 Increasing National And Network Security Threats
            4.4.1.3 Increasing Online Transactions
            4.4.1.4 Smartphone-Based Mobile Device With Mfa Technology  
            4.4.1.5 Multi Factor Authentication Is The Next Step Of Payment System
      4.4.2 Restraints
            4.4.2.1 Increase In Mfa Usage Service Time
            4.4.2.2 Low Acceptance In Several Countries Due To Cultural/Religious Reasons
      4.4.3 Opportunities
            4.4.3.1 Introduction Of Mfa In Gaming
      4.4.4 Burning Issue
            4.4.4.1 Administration Of Multi-Factor Authentication
      4.4.5 Winning Imperatives
            4.4.5.1 Ease Of Use
  4.5 Porters Analysis
      4.5.1 Degree Of Competition
      4.5.2 Threat From New Entrants
      4.5.3 Threat From Substitutes
      4.5.4 Bargaining Power Of Buyers
      4.5.5 Bargaing Power Of Suppliers
  4.6 Life Cycle Of Multi-Factor Authentication Market By Model
  4.7 Life Cycle Of Multi-Factor Authentication Market By Geography
  4.8 Application Analysis Of Multi-Factor Authentication
  4.9 Macro And Micro Factors Affecting Multi-Factor Authentication Market
      4.9.1 Macro Factors
            4.9.1.1 Fifa World Cup,Brazil
            4.9.1.2 Government Legislature, Regulations
            4.9.1.3 Smart Phones
                    4.9.1.3.1 Major Companies Offering Biometrics In Consumer Electronic
                              4.9.1.3.1.1 Smartphones
                              4.9.1.3.1.2 Tablets
                              4.9.1.3.1.3 Laptops
                              4.9.1.3.1.4 Others
      4.9.2 Micro-Factors
  4.10 Investment Analysis For Multi-Factor Authentication Market

5 Multi-Factor Authentication Market, By Model (Page No.-77)
  5.1 Introduction
  5.2 Multi-Factor With Two-Factor Authentication
      5.2.1 Smart Card With Pin
      5.2.2 Smart Card With Biometric Technology
      5.2.3 Biometric Technology With Pin
      5.2.4 Two-Factor Biometric Technology
      5.2.5 One Time Password With Pin
  5.3 Multi-Factor With Three-Factor Authentication
      5.3.1 Smart Card With Pin And Biometric Technology
      5.3.2 Smart Card With Two-Factor Biometric Technologies
      5.3.3 Pin With Two-Factor Biometric Technologies
      5.3.4 Three-Factor Biometric Technology
  5.4 Multi-Factor With Four-Factor Authentication
  5.5 Multi-Factor With Five-Factor Authentication

6 Multi-Factor Authentication Market, By Applications (Page No.-106)
  6.1 Introduction
  6.2 Travel, Immigration And Transportation
  6.3 Government
  6.4 Defense
  6.5 Banking And Finance
  6.6 Commercial Security
  6.7 Consumer Electronics
  6.8 Healthcare
  6.9 Others 
   
7 Multi-Factor Authentication Market, By Geography (Page No.-150)
  7.1 Introduction
  7.2 North America
      7.2.1 The U.S.
      7.2.2 Canada
      7.2.3 Mexico
  7.3 Europe
      7.3.1 Germany
      7.3.2 U.K.
      7.3.3 France
      7.3.4 Italy
  7.4 Apac
      7.4.1 Australia
      7.4.2 China
      7.4.3 Japan
      7.4.4 South Korea
      7.4.5 India
  7.5 Row

8 Competitive Landscape (Page No.-198)
  8.1 Overview
  8.2 Competitive Analysis
      8.2.1 Market Share Ranking Analysis For Biometric Based Authentication Players
      8.2.2 Market Share Ranking Analysis For Non-Biometric Based Authentication Players
  8.3 Key Biomerics Manufacturers
  8.4 Key Growth Strategies
  8.5 Competitive Situation And Trends
      8.5.1 New Product Developments And Announcements, 2008-2014
      8.5.2 Agreements, Partnerships, Joint Ventures And Collaborations, 2014-2009
      8.5.3 Mergers And Acquisitions, 2009-2014

9 Company Profiles (Overview, Products And Services, Financials, Strategy & Development)* (Page No.-218)
  
9.1 3m
  9.2 Cross Match Technologies, Inc
  9.3 Fujitsu Ltd.
  9.4 Gemalto Nv
  9.5 Lumidigm Inc.
  9.6 Nec Corporation
  9.7 Rcg Holdings Limited
  9.8 Rsa Security Llc.
  9.9 Safran Sa
  9.10 Suprema Inc.
  9.11 Validsoft Uk Ltd
*Details On Overview, Products And Services, Financials, Strategy & Development Might Not Be Captured In Case Of Unlisted Companies.   
   
 List Of Tables (117 Tables)  

Table 1 Multi Factor Authentication Market: List Of Companies Covered  
Table 2 Global Multi-Factor Authentication Market Size, By Models, 2013-2020 ($Million)
Table 3 Global Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 4 Global Multi-Factor Authentication Market Size, By Geography, 2013-2020 ($Million)  
Table 5 Quantification Of Overall Poter’s Analysis
Table 6 Quantification Of The Degree For Competition
Table 7 Quantification Of The Threat From New Entrants
Table 8 Quantification Of The Threat From Substitutes
Table 9 Quantification Of The Bargaining Power Of The Buyers
Table 10 Quantification Of The Bargaining Power Of The Suppliers
Table 11 Biometrics Enabled Smartphones
Table 12 Biometrics Enabled Tablets
Table 13 Other Biometric Enabled Consumer Electronic Products And Their Manufacturers
Table 14 Global Multi-Factor Authentication Market Size, By Models, 2013–2020 ($Million)
Table 15 Global Two-Factor Authentication Market Size, By Types, 2013–2020 ($Million)
Table 16 Two-Factor Authentication Market Size, By Geography, 2013–2020 ($Million)  
Table 17 North America: Two-Factor Authentication Market Size, By Country, 2013–2020 ($Million)  
Table 18 Europe: Two-Factor Authentication Market Size, By Country, 2013–2020 ($Million)
Table 19 Apac: Two-Factor Authentication Market Size, By Country, 2013–2020 ($Million)
Table 20 Row: Two-Factor Authentication Market Size, By Country, 2013–2020 ($Million)
Table 21 Global Three-Factor Authentication Market Size, By Types, 2013–2020 ($Million)
Table 22 Three-Factor Authentication Market Size, By Geography, 2013–2020 ($Million)
Table 23 North America: Three-Factor Authentication Market Size, By Country, 2013–2020 ($Million)  
Table 24 Europe: Three-Factor Authentication Market Size, By Country, 2013–2020 ($Million)  
Table 25 Apac: Three-Factor Authentication Market Size, By Country, 2013–2020 ($Million)
Table 26 Row: Three-Factor Authentication Market Size, By Country, 2013–2020 ($Million)
Table 27 Four-Factor Authentication Market Size, By Geography, 2013–2020 ($Million)  
Table 28 North America: Four-Factor Authentication Market Size, By Country, 2013–2020 ($Million)  
Table 29 Europe: Four-Factor Authentication Market Size, By Country, 2013–2020 ($Million)
Table 30 Apac: Four-Factor Authentication Market Size, By Country, 2013–2020 ($Million)
Table 31 Row: Four-Factor Authentication Market Size, By Country, 2013–2020 ($Million)
Table 32 Five-Factor Authentication Market Size, By Geography, 2013–2020 ($Million)  
Table 33 North America: Five-Factor Authentication Market Size, By Country, 2013–2020 ($Million)  
Table 34 Europe: Five-Factor Authentication Market Size, By Country, 2013–2020 ($Million)
Table 35 Apac: Five-Factor Authentication Market Size, By Country, 2013–2020 ($Million)
Table 36 Row: Five-Factor Authentication Market Size, By Country, 2013–2020 ($Million)
Table 37 Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)
Table 38 Multi-Factor Authentication Market Size, For Travel, Immigration & Transportation Application, By Geography, 2013-2020 ($Million)
Table 39 North America: Multi-Factor Authentication Market Size, For Travel & Immigration And Transportation Application, By Country, 2013-2020 ($Million)  
Table 40 Europe: Multi-Factor Authentication Market Size, For Travel & Immigration And Transportation Application, By Country, 2013-2020 ($Million)
Table 41 Apac: Multi-Factor Authentication Market Size, For Travel & Immigration And Transportation Application, By Country, 2013-2020 ($Million)
Table 42 Row: Multi-Factor Authentication Market Size, For Travel & Immigration And Transportation Application, By Country, 2013-2020 ($Million)
Table 43 Multi-Factor Authentication Market Size, For Government Application, By Geography, 2013-2020 ($Million)
Table 44 North America: Multi-Factor Authentication Market Size, For Government Application, By Country, 2013-2020 ($Million)
Table 45 Europe: Multi-Factor Authentication Market Size, For Government Application, By Country, 2013-2020 ($Million)
Table 46 Apac: Multi-Factor Authentication Market Size, For Government Application, By Country, 2013-2020 ($Million)
Table 47 Row: Multi-Factor Authentication Market Size, For Government Application, By Country, 2013-2020 ($Million)
Table 48 Multi-Factor Authentication Market Size, For Defense Application, By Geography, 2013-2020 ($Million)
Table 49 North America: Multi-Factor Authentication Market Size, For Defense Application, By Country, 2013-2020 ($Million)
Table 50 Europe: Multi-Factor Authentication Market Size, For Defense Application, By Country, 2013-2020 ($Million)
Table 51 Apac: Multi-Factor Authentication Market Size, For Defense Application, By Country, 2013-2020 ($Million)
Table 52 Row: Multi-Factor Authentication Market Size, For Defence, By Country, 2013-2020 ($Million)
Table 53 Multi-Factor Authentication Market Size, For Banking & Finance Application, By Geography, 2013-2020 ($Million)
Table 54 North America: Multi-Factor Authentication Market Size, For Banking And Finance Application, By Country, 2013-2020 ($Million)  
Table 55 Europe: Multi-Factor Authentication Market Size, For Banking & Finance Application, By Country, 2013-2020 ($Million)  
Table 56 Apac: Multi-Factor Authentication Market Size, For Banking & Finance Application, By Country, 2013-2020 ($Million)
Table 57 Row: Multi-Factor Authentication Market Size, For Banking & Finance Application, By Country, 2013-2020 ($Million)
Table 58 Multi-Factor Authentication Market Size, For Commercial Security Application, By Geography, 2013-2020 ($Million)
Table 59 North America: Multi-Factor Authentication Market Size, For Commercial Security Application, By Country, 2013-2020 ($Million)  
Table 60 Europe: Multi-Factor Authentication Market Size, For Commercial Security Application, By Country, 2013-2020 ($Million)  
Table 61 Apac: Multi-Factor Authentication Market Size, For Commercial Security Application, By Country, 2013-2020 ($Million)  
Table 62 Row: Multi-Factor Authentication Market Size, For Commercial Security Application, By Country, 2013-2020 ($Million)  
Table 63 Multi-Factor Authentication Market Size, For Consumer Electronics Application, By Geography, 2013-2020 ($Million)
Table 64 North America: Multi-Factor Authentication Market Size, For Consumer Electronics Application, By Country, 2013-2020 ($Million)  
Table 65 Europe: Multi-Factor Authentication Market Size, For Consumer Electronics Application, By Country, 2013-2020 ($Million)  
Table 66 Apac: Multi-Factor Authentication Market Size, For Consumer Electronics Application, By Country, 2013-2020 ($Million)  
Table 67 Row: Multi-Factor Authentication Market Size, For Consumer Electronics Application, By Country, 2013-2020 ($Million)  
Table 68 Multi-Factor Authentication Market Size, For Healthcare Application, By Geography, 2013-2020 ($Million)
Table 69 North America: Multi-Factor Authentication Market Size, For Healthcare Application, By Country, 2013-2020 ($Million)
Table 70 Europe: Multi-Factor Authentication Market Size, For Healthcare Application, By Country, 2013-2020 ($Million)
Table 71 Apac: Multi-Factor Authentication Market Size, For Healthcare Application, By Country, 2013-2020 ($Million)
Table 72 Row: Multi-Factor Authentication Market Size, For Healthcare Application, By Country, 2013-2020 ($Million)
Table 73 North America: Multi-Factor Authentication Market Size, By Country, 2013-2020 ($Million)  
Table 74 North America: Multi-Factor Authentication Market Size, By Type, 2013-2020 ($Million)  
Table 75 North America: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 76 U.S.: Multi-Factor Authentication Market Size, By Types, 2013-2020 ($Million)
Table 77 U.S.: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 78 Canada: Multi-Factor Authentication Market Size, By Types, 2013-2020 ($Million)
Table 79 Canada: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 80 Mexico: Multi-Factor Authentication Market Size, By Types, 2013-2020 ($Million)
Table 81 Mexico: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 82 Europe: Multi-Factor Authentication Market Size, By Country, 2013-2020 ($Million)  
Table 83 Europe: Multi-Factor Authentication Market Size, By Types, 2013-2020 ($Million)
Table 84 Europe: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 85 Germany: Multi-Factor Authentication Market Size, By Types, 2013-2020 ($Million)
Table 86 Germany: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 87 U.K.: Multi-Factor Authentication Market Size, By Types, 2013-2020 ($Million)  
Table 88 U.K.: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 89 France: Multi-Factor Authentication Market Size, By Types, 2013-2020 ($Million)
Table 90 France: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 91 Italy: Multi-Factor Authentication Market Size, By Types, 2013-2020 ($Million)
Table 92 Italy: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 93 Apac: Multi-Factor Authentication Market Size, By Country, 2013-2020 ($Million)
Table 94 Apac: Multi-Factor Authentication Market Size, By Types, 2012– 2017 ($Million)
Table 95 Apac: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 96 Australia: Multi-Factor Authentication Market Size, By Types, 2013-2020 ($Million)  
Table 97 Australia: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 98 China: Multi-Factor Authentication Market Size, By Types, 2013-2020 ($Million)
Table 99 China: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 100 Japan: Multi-Factor Authentication Market Size, By Types, 2013-2020 ($Million)
Table 101 Japan: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 102 South Korea: Multi-Factor Authentication Market Size, By Types, 2013-2020 ($Million)  
Table 103 South Korea: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 104 India: Multi-Factor Authentication Market Size, By Types, 2013-2020 ($Million)
Table 105 India: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 106 Row: Multi-Factor Authentication Market Size, By Country, 2013-2020 ($Million)
Table 107 Row: Multi-Factor Authentication Market Size, By Types, 2013-2020 ($Million)
Table 108 Row: Multi-Factor Authentication Market Size, By Applications, 2013-2020 ($Million)  
Table 109 Market Rankings Analysis, 2013
Table 110 Ranking Of Non-Biometric Based Multi-Factor Authentication Provider
Table 111 Biometric Based Multi-Factor Authentication Provider And Their Services Offered
Table 112 New Product Developments And Announcements
Table 113 Agreements, Partnerships, Joint Ventures And Collaborations
Table 114 Cross Match Technologies, Inc: Company Snapshot
Table 115 Lumidigm Inc.: Company Snapshot
Table 116 Rsa Security Llc: Company Snapshot
Table 117 Validsoft: Company Snapshot
  
  
List Of Figures (48 Figures)  

Figure 1 Global Multi-Factor Authentication Market Segmentation, 2013  
Figure 2 Steps In Research Mehtodology
Figure 3 Multi Factor Authentication Market Research Strategy
Figure 4 Multi-Factor Market Crackdown Strategy
Figure 5 Major Categories Of Authentication Factors
Figure 6 Sample Pictures Of Usb Biometric Scanners
Figure 7 Multi-Factor Authentication By Model
Figure 8 Impact Analysis Of Drivers
Figure 9 Impact Analysis Of Restraints
Figure 10 Porters Analysis For The Global Mfa Market
Figure 11 Porter’s Five Forces Analysis For Mfa Market
Figure 12 Degree Of Competition In The Mfa Market
Figure 13 Threat From New Entrants In The Mfa Market
Figure 14 Threat From Substitutes In The Mfa Market
Figure 15 Bargaining Power Of Buyers In The Mfa Market
Figure 16 Bargaining Power Of Suppliers In The Mfa Market
Figure 17 Maturity Level Of Different Model Of Multi-Factor Authentication  
Figure 18 Maturity Level Of Different Geographies For Multi-Factor Authentication  
Figure 19 Target Applications Of Multi-Factor Authentication Market
Figure 20 Investment Analysis For Multi-Factor Authentication Market
Figure 21 Two-Factor E-Security Methods
Figure 22 Attacks Prevented Using Authentication In Homeland Security  
Figure 23 Risk Of Exposure V/S Transaction Frequency In Banking & Finance  
Figure 24 Security Offered By Different Methods Of Authentication
Figure 25 Key Growth Strategies, 2014-2008
Figure 26 3m: Company Snapshot
Figure 27 3m: Product Offerings
Figure 28 Crossmatch Technologies Products
Figure 29 Fujitsu Ltd.: Company Snapshot
Figure 30 Fujitsu Ltd: Product Offerings
Figure 31 Fujitsu Ltd.: Swot Analysis
Figure 32 Gemalto Nv: Company Snapshot
Figure 33 Gemalto Nv: Products And Services
Figure 34 Lumidigm Inc.: Products Offering
Figure 35 Nec Corporation: Company Snapshot
Figure 36 Nec Corp Product Offerings
Figure 37 Nec Corp: Swot Analysis
Figure 38 Rcg Holdings Limited: Company Snapshot
Figure 39 Rcg Holdings Limited: Product Offerings
Figure 40 Rsa Security Llc: Products And Services
Figure 41 Rsa Security Llc: Swot Analysis
Figure 42 Safran Sa: Company Snapshot
Figure 43 Safran Sa: Product Offerings
Figure 44 Safran Sa: Swot Analysis
Figure 45 Suprema Inc.: Company Snapshot
Figure 46 Suprema Inc.: Product Offerings
Figure 47 Suprema Inc: Swot Analysis
Figure 48 Validsoft Solutions

Multi-factor authentication (MFA) is a security system where more than one form of authentication is used such as something you know (password), something you have (smart card), and something you are (biometric technology). The combination of these three security systems provides a high degree of security and convenience, which ensures confidentiality of personal information. This is superior compared to traditional passwords/PINs as they can be easily guessed, forgotten or copied. Multi-factor authentication helps in prevention of theft as the information is stored in the form of a digital record in the database; which makes it highly impossible to reconstruct, decrypt or manipulate. MFA also includes biometric technology that uses biological characteristics or features, which are inseparable from a person; therefore, reducing the threat of loss or theft.

Multi-factor authentication (MFA) comes with different models such as two-factor authentication, three-factor authentication, four-factor authentication, and five-factor authentication. The two-factor authentication includes smart card with pin, smart card with biometric technology, biometric technology with pin, two biometric authentications, and one time password with pin. The three authentications include smart card with pin and biometric technology, smart card with two biometric technologies, pin with two biometric technologies, and three biometric authentications. On the other hand, four- and five-factor authentication includes the use of smart card and pin with more than one biometric technology such as face recognition, fingerprint recognition, voice recognition, and so on.

Market can be categorized into different applications such as government, defense, travel and immigration, banking and finance, consumer electronics, commercial security and healthcare. The most common application areas are in the field of banking & finance, government, and defense.

This report describes the market trends, drivers, and challenges of market and forecasts the MFA market from 2014 to 2020, based on applications, model and geography. It covers geographies like North America, Europe, APAC, and ROW (Rest of the World).

The major companies involved in market are Gemalto N.V. (the Netherlands), RSA (U.S.), VASCO (U.S.), Entrust (U.S.), Technology Nexus AB (Sweden), VeriSign Authentication (U.S.), Sagem Morpho (France), NEC Corporation (Japan), and Cross Match Technologies (U.S.).

Multi Factor Authentication Market 2013-2020

Multi Factor  Authentication Market

Source: MarketsandMarkets Analysis

The overall Multifactor Authentication Market is increasing with a CAGR of 19.98% from 2014 to 2020. In MFA market, two-factor authentications contribute for the largest percentage share, whereas “banking & finance” is the major application; followed by government and defense. In geographic analysis, North America is the market leader followed by Europe and APAC.

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