Multifactor Authentication Market

Multifactor Authentication Market by Model (Two-, Three-, Four-, and Five-Factor), Application (Banking and Finance, Government, Military and Defense, Commercial Security, Consumer Electronics, Healthcare), and Geography - Global Forecast to 2022

Report Code: SE 2336 May, 2017, by marketsandmarkets.com

The multifactor authentication market was valued at USD 5.22 billion in 2016 and is expected to reach USD 12.51 billion by 2022, at a CAGR of 15.52% during the forecast period. The base year considered for the study is 2016, and the forecast for the market size is provided for the period between 2017 and 2022.  Both organizations and end users expect seamless but secure access to information, security is rarely transparent and cyber criminals are increasingly shifting toward highly targeted attacks. This makes MFA essential. Thus, mega breaches and cyber-attacks are one of the major factors driving the MFA market growth.

Market Dynamics

Drivers:

  • Increase in data breaches and cyberattacks
  • Stringent regulation and the growing pressure of data security compliances
  • Growing adoption of BYOD among enterprises

Restraints:

  • Cost and technical complexity in implementing the multifactor authentication
  • Increasing response time in higher order authentication models

Opportunities:

  • Demand for MFA for data security in the cloud environment
  • Rising adoption of the interconnected device in the IoT environment
  • Emerging market

Challenge:

  • Uncertainty and pushback from end-users

Increase in data breaches and cyberattacks drives the multifactor authentication market market

A data breach is an incident where information is stolen or taken from a system without the knowledge or the authorization of the system’s owner. Victims of data breaches are usually large companies or organizations, and the data stolen may typically be sensitive, proprietary, or confidential in nature (such as credit card numbers, customer data, trade secrets, or national security information). Despite increased protection, various government and healthcare organizations are targets for cyber-attacks. The graph below represents the data breaches for few industries.

Multi Factor  Authentication Market

The main objectives of this study are as follows:

  • To define, describe, and forecast the global multifactor authentication market based on model, application, and geography
  • To provide the market statistics with detailed classifications along with the respective market size
  • To strategically analyze the micromarkets with regard to individual growth trends, prospects, and contribution to the total market
  • To provide a detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To forecast the size of the market segments with regard to 4 main geographies (along with countries): the Americas, Europe, Asia-Pacific, and Rest of the World
  • To analyze the opportunities in the market for stakeholders and detail the competitive landscape of the market leaders
  • To analyze the competitive developments such as joint ventures, mergers and acquisitions, new product launches, and R&D activities in the multifactor authentication market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To map the competitive intelligence based on company profiles, key player strategies, and game-changing developments such as product developments, collaborations, and acquisitions

Research Methodology:

The research methodology used to estimate and forecast the multifactor authentication market includes the use of extensive primary research and secondary research. The secondary sources referred to for this study include directories; databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource; and associations such as PCI security standard council. The vendor offerings have been taken into consideration to determine the market segmentation. The top-down procedure has been employed to arrive at the overall market size of the global multifactor authentication market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. This data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

Multi Factor  Authentication Market

To know about the assumptions considered for the study, download the pdf brochure

This report provides valuable insights into the multifactor authentication market such as security solution providers, professional services related to the MFA, and different applications. The multifactor authentication market comprises MFA providers such as Safran (France), Gemalto NV (the Netherlands), NEC Corporation (Japan), 3M (US), CA Technologies (US), Fujitsu (Japan), VASCO Data Security International Inc. (US), HID Global Corporation/ASSA ABLOY AB (Sweden), RSA Security LLC (US), Suprema HQ Inc. (South Korea), and Crossmatch (US).

Major Market Developments

  • In February 2017, Safran entered into a partnership with Tessera Holding Corporation, through its wholly owned subsidiary FotoNation Ltd., to deliver advanced iris recognition solutions for mobile devices in India.
  • In 2017, RSA Security LLC enhances its RSA SecurID Access offerings, helping to enable organizations to provide stronger identity protection without sacrificing the ease of use or forcing users to take on additional security burdens.
  • In March 2017, Safran launched MorphoAccess SIGMA Extreme, its new access and time fingerprint terminal.
  • In February 2017, HID Global, has entered into a partnership with Infineon Technologies AG for supplying chips for their ultra-thin Polycarbonate (PC) ePrelaminate inlay for electronic ID (e-ID) cards.

Target Audience

  • Companies in the MFA technology market
  • Authentication apps and software designing companies
  • Electronics and semiconductor companies
  • Investment community interested in the MFA technology market
  • Research institutes and organizations
  • Market research and consulting firms
  • Government and financial institutions
  • End users such as consumer electronics manufacturers, and healthcare institutions such as hospitals

This study answers several questions for the stakeholders, primarily which market segment to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report:

The global multifactor authentication market, in this research report, has been segmented on the basis of model, application, and geography.

Multifactor Authentication Market, 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 Technology
    • Pin with Two-Factor Biometric Technology
    • Three-Factor Biometric Technology
  • Multifactor with Four-Factor Authentication
  • Multifactor with Five-Factor Authentication

Multifactor Authentication Market, by Application

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

Multifactor Authentication Market, by Geography

  • The America
    • US
    • Canada
    • Rest of the Americas
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • APAC
    • Australia
    • China
    • Japan
    • South Korea
    • India
    • Rest of APAC
  • RoW

Critical questions which the report answers

  • What are the various authentication models used for multi factor authentication.
  • Which are the key players in the market and how intense is the competition?

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Comprehensive coverage of regulations followed in each region (the Americas, APAC, and Europe)

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

The multifactor authentication market is expected to reach USD 12.51 billion by 2022, at a CAGR of 15.52% during the forecast period. Multifactor authentication allows organizations to use advanced security options which is easier for end-users, but harder for hackers. The multifactor authentication is used in several applications due to the security assurance and the benefits provided by MFA to comply with the regulatory compliances for data security.

The multifactor authentication market has been segmented on the basis of model into two-factor, three-factor, four-factor, and five-factor authentication models. The two-factor authentication model has the largest market share among all other authentication model in the MFA market owing to the benefits such as improved security, increasing productivity and flexibility, lower security management cost, and building secure online transaction.

The multifactor authentication market, on the basis of application, has been into banking and finance, government, travel and immigration, military and defense, commercial security, consumer electronics, healthcare, and others. The healthcare application accounted for the highest growth rate in the MFA market due to the stringent government and industry regulations and requires a highly secure infrastructure. This made the industry rely MFA solution for protecting the sensitive information and data. The security of patient information is a legal mandate for healthcare. As more and more health information becomes available electronically, more risks arise for the security of the patient information resulting into the highly deployment of MFA for the authentication process.

 RoW is expected to be the fastest-growing market for the multifactor authentication, followed by APAC during the forecast period. The market in RoW is expected to grow at the highest rate during the forecast period owing to the formulation of new regulatory compliances and the adoption of modern technologies such as cloud and IoT, which create a huge opportunity for data and information security.

Multi Factor  Authentication Market

Applications such as banking & finance, government, and travel & immigration drive the growth of multifactor authentication market

Banking and Finance

Banking and finance is one of the most demanding industries when it comes to MFA. Many banks offer MFA for their customers. In October 2005, the Federal Financial Institution Examination Council (FFIEC) of the US-released recommendations that instructed financial institutions to evaluate their protection needs and set up several levels of identification protection beyond username and password screens to their online financial functions.

Government

The government authorities across the world understand the growing need for authentication control alternatives for various reasons. Developed countries such as the US, the UK, Canada, Germany, and so on are looking for authentication control alternatives that help in strengthening their national security. MFA can be used during various mission-critical processes such as elections, courts, and homeland security.

Travel & Immigration

MFA technologies are used extensively in travel, immigration, and transportation sectors. The MFA technology applications majorly used in e-passports, e-visas, and driving license applications. The market of MFA technologies in these applications sector has increased significantly of late, because of the rising number of illegal immigrations, security threats, and illegal driving licenses.

Critical questions which the report answers

  • What are the various authentication models used for multi factor authentication.
  • Which are the key players in the market and how intense is the competition?

However, the factors such as the cost and technical complexity in implementing the MFA and increasing response time in higher order of authentication models are restraining the market growth.

Key players in this market focus on new product developments, strategic partnerships, acquisitions, and agreements to increase their revenue. For instance, in March 2016, NEC Corporation launched a new biometric personal identification technology that uses the resonation of sound determined by the shape of human ear cavities to distinguish individuals. The new technology instantaneously measures (within approximately one second) acoustic characteristics determined by the shape of the ear, which is unique for each person, using an earphone with a built-in microphone to collect earphone-generated sounds as they resonate within ear cavities. This unique method for extracting features is useful for distinguishing individuals based on acoustic characteristics and enables rapid and highly accurate recognition.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Source
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
                    2.1.3.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumption

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Growth Opportunities in the Multifactor Authentication Market
    4.2 Multifactor Authentication Market, By Application
    4.3 Multifactor Authentication Market, By Region and Model
    4.4 Geographic Snapshot of the Multifactor Authentication Market

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Driver
                    5.2.1.1 Increase in Data Breaches and Cyber Attacks
                    5.2.1.2 Stringent Regulations and the Growing Pressure of Data Security Compliances
                    5.2.1.3 Growing Adoption of Byod Among Enterprises
           5.2.2 Restraints
                    5.2.2.1 Cost and Technical Complexity in Implementing the Multifactor Authentication
                    5.2.2.2 Increasing Response Time in Higher Order Authentication Models
           5.2.3 Opportunities
                    5.2.3.1 Demand for MFA for Data Security in the Cloud Environment
                    5.2.3.2 Rising Adoption of the Interconnected Devices in the Iot Environment
                    5.2.3.3 Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Uncertainty and Pushback From End Users

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Regulatory Landscape
           6.3.1 Regulatory Compliances
                    6.3.1.1 Criminal Justice Information System (CJIS) Security Policy
                    6.3.1.2 Payment Card Industry (PCI) Data Security Standard
                    6.3.1.3 Ffiec Authentication in an Internet Banking Environment Guidance
                    6.3.1.4 Fair and Accurate Credit Transaction Act (FACTA)
                    6.3.1.5 Identity Theft Red Flags
                    6.3.1.6 Health Insurance Portability and Accountability Act (HIPPA)
                    6.3.1.7 Sarbanes–Oxley Act (SOX)
                    6.3.1.8 Gramm–Leach–Bliley Act
    6.4 New Industry Trends
           6.4.1 Out-Of-Band Authentication
           6.4.2 Built-In Fingerprint Readers
           6.4.3 Baked-In Authentication

7 Multifactor Authentication Market, By Model (Page No. - 45)
    7.1 Introduction
    7.2 Two-Factor Authentication
           7.2.1 Smart Card With Pin
           7.2.2 Smart Card With Biometric Technology
           7.2.3 Biometric Technology With Pin
           7.2.4 Two-Factor Biometric Technology
           7.2.5 One Time Password With Pin
    7.3 Multifactor With Three-Factor Authentication
           7.3.1 Smart Card With Pin and Biometric Technology
           7.3.2 Smart Card With Two-Factor Biometric Technologies
           7.3.3 Pin With Two-Factor Biometric Technologies
           7.3.4 Three-Factor Biometric Technology
    7.4 Multifactor With Four-Factor Authentication
    7.5 Multifactor With Five-Factor Authentication

8 Multifactor Authentication Market, By Application (Page No. - 65)
    8.1 Introduction
    8.2 Banking and Finance
           8.2.1 Case Study: Cooperative Financial Services (UK)
    8.3 Government
           8.3.1 Case Study: Government Department (Putrajaya, Malaysia)
    8.4 Travel and Immigration
           8.4.1 Case Study: the International Airport of Mexico City (Mexico)
    8.5 Military and Defense
           8.5.1 Case Study: US Department of Defense (US)
    8.6 Commercial Security
           8.6.1 Case Study: City Point (London, UK)
    8.7 Healthcare
           8.7.1 Case Study: Nemours Children’s Health System (Florida, US)
    8.8 Consumer Electronics
    8.9 Others

9 Geographical Analysis (Page No. - 80)
    9.1 Introduction
    9.2 The Americas
           9.2.1 US
           9.2.2 Canada
           9.2.3 Rest of the Americas
    9.3 Europe
           9.3.1 Germany
           9.3.2 UK
           9.3.3 France
           9.3.4 Italy
           9.3.5 Rest of Europe
    9.4 APAC
           9.4.1 Australia
           9.4.2 China
           9.4.3 Japan
           9.4.4 South Korea
           9.4.5 India
           9.4.6 Rest of APAC
    9.5 RoW

10 Competitive Landscape (Page No. - 108)
     10.1 Overview
     10.2 Market Ranking Analysis
             10.2.1 New Product Launches and Developments
             10.2.2 Mergers, Acquisitions, and Collaborations
             10.2.3 Contracts, Partnerships, and Agreements
             10.2.4 Expansions
     10.3 Dive Chart Analysis
             10.3.1 Vanguards
             10.3.2 Dynamic
             10.3.3 Innovator
             10.3.4 Emerging
     10.4 Business Strategy
     10.5 Product Offerings

*Top 25 Companies Analyzed for This Study are - 3M, Apersona, Inc, Biomio, CA Technology, Censornet Ltd, Crossmatch, Deepnet Security, Duo Secuirty, 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

11 Company Profile (Page No. - 120)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     11.1 Introduction
     11.2 Safran
     11.3 NEC Corporation
     11.4 Gemalto NV
     11.5 Rsa Security LLC
     11.6 Hid Global Corporation/Assa Abloy Ab
     11.7 3M
     11.8 CA Technologies
     11.9 Fujitsu
     11.10 Vasco Data Security International, Inc.
     11.11 Suprema HQ Inc.
     11.12 Crossmatch

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Emerging Players (Page No. - 160)
     12.1 Apersona, Inc.
             12.1.1 Key Strategies
     12.2 Biomio
             12.2.1 Key Strategies
     12.3 Iovation Inc.
             12.3.1 Key Strategies
     12.4 ZK Software
             12.4.1 Key Strategies

13 Appendix (Page No. - 164)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (66 Tables)

Table 1 Global Multifactor Authentication Market Size, By Model, 2014–2022 (USD Million)
Table 2 Global Two-Factor Authentication Market Size, By Model Type, 2014–2022 (USD Million)
Table 3 Two-Factor Authentication Market Size, By Geography, 2014–2022 (USD Million)
Table 4 Two-Factor Authentication Market Size in the Americas, By Country, 2014–2022 (USD Million)
Table 5 Two-Factor Authentication Market Size in Europe, By Country, 2014–2022 (USD Million)
Table 6 Two-Factor Authentication Market Size in APAC, By Country, 2014–2022 (USD Million)
Table 7 Two-Factor Authentication Market Size in RoW, By Country, 2014–2022 (USD Million)
Table 8 Global Three-Factor Authentication Market Size, By Type, 2014–2022 (USD Million)
Table 9 Three-Factor Authentication Market Size, By Geography, 2014–2022 (USD Million)
Table 10 Three-Factor Authentication Market Size in the Americas, By Country, 2014–2022 (USD Million)
Table 11 Three-Factor Authentication Market Size in Europe, By Country, 2014–2022 (USD Million)
Table 12 Three-Factor Authentication Market Size in APAC, By Country, 2014–2022 (USD Million)
Table 13 Three-Factor Authentication Market Size in RoW, By Country, 2014–2022 (USD Million)
Table 14 Four-Factor Authentication Market Size, By Geography, 2014–2022 (USD Million)
Table 15 Four-Factor Authentication Market Size in the Americas, By Country, 2014–2022 (USD Million)
Table 16 Four-Factor Authentication Market Size in Europe, By Country, 2014–2022 (USD Million)
Table 17 Four-Factor Authentication Market Size in APAC, By Country, 2014–2022 (USD Million)
Table 18 Four-Factor Authentication Market Size in RoW, By Country, 2014–2022 (USD Million)
Table 19 Five-Factor Authentication Market Size, By Geography, 2014–2020 (USD Million)
Table 20 Five-Factor Authentication Market Size in the Americas, By Country, 2014–2022 (USD Million)
Table 21 Five-Factor Authentication Market Size in Europe, By Country, 2014–2022 (USD Million)
Table 22 Five-Factor Authentication Market Size in APAC, By Country, 2014–2022 (USD Million)
Table 23 Five-Factor Authentication Market Size in RoW, By Country, 2014–2022 (USD Thousand)
Table 24 Global Multifactor Authentication Market Size, By Application, 2014–2022 (USD Million)
Table 25 Market Size for Banking and Finance Application, By Geography, 2014–2000 (USD Million)
Table 26 Market Size for Government Application, By Geography, 2014–2022 (USD Million)
Table 27 Market Size for Travel and Immigration Application, By Geography, 2014–2022 (USD Million)
Table 28 Market Size for Military and Defense Application, By Geography, 2014–2000 (USD Million)
Table 29 Market Size for Commercial Security Application, By Geography, 2014–2000 (USD Million)
Table 30 Market Size for Healthcare Application, By Geography, 2014–2000 (USD Million)
Table 31 Market Size for Consumer Electronics Application, By Geography, 2014–2000 (USD Million)
Table 32 Market Size for Others, By Geography, 2014–2000 (USD Million)
Table 33 Multifactor Authentication Market Size, By Region, 2014–2022 (USD Million)
Table 34 The Americas: Market Size, By Model, 2014–2022 (USD Million)
Table 35 The Americas: Market Size, By Application, 2014–2022 (USD Million)
Table 36 The Americas: Market Size, By Country, 2014–2022 (USD Million)
Table 37 US: Market Size, By Model, 2014–2022 (USD Million)
Table 38 Canada: Market Size, By Model, 2014–2022 (USD Million)
Table 39 Rest of Americas: Market Size, By Model, 2014–2022 (USD Million)
Table 40 Europe: Market Size, By Model, 2014–2022 (USD Million)
Table 41 Europe: Market Size, By Application, 2014–2022 (USD Million)
Table 42 Europe: Market Size, By Country, 2014–2022 (USD Million)
Table 43 Germany: Market Size, By Model, 2014–2022 (USD Million)
Table 44 UK: Market Size, By Model, 2014–2022 (USD Million)
Table 45 France: Market Size, By Model, 2014–2022 (USD Million)
Table 46 Italy: Market Size, By Model, 2014–2022 (USD Million)
Table 47 Rest of Europe: Market Size, By Model, 2014–2022(USD Million)
Table 48 APAC: Market Size, By Model, 2014–2022(USD Million)
Table 49 APAC: Market Size, By Application, 2014–2022(USD Million)
Table 50 APAC: Multifactor Authentication Market Size, By Country, 2014–2022(USD Million)
Table 51 Australia: Multifactor Authentication Market Size, By Model, 2014–2022(USD Million)
Table 52 China: Multifactor Authentication Market Size, By Model, 2014–2022(USD Million)
Table 53 Japan: Multifactor Authentication Market Size, By Model, 2014–2022(USD Million)
Table 54 South Korea: Multifactor Authentication Market Size, By Model, 2014–2022(USD Million)
Table 55 India: Multifactor Authentication Market Size, By Model, 2014–2022(USD Million)
Table 56 Rest of APAC: Multifactor Authentication Market Size, By Model, 2014–2022(USD Million)
Table 57 RoW: Multifactor Authentication Market Size, By Model, 2014–2022(USD Million)
Table 58 RoW: Multifactor Authentication Market Size, By Application, 2014–2022(USD Million)
Table 59 RoW: Multifactor Authentication Market Size, By Region, 2014–2022(USD Million)
Table 60 Middle East: Multifactor Authentication Market Size, By Region, 2014–2022(USD Million)
Table 61 Africa: Multifactor Authentication Market Size, By Region, 2014–2022(USD Million)
Table 62 Ranking of Top 5 Market Players, 2015
Table 63 New Product Launches and Developments (2014–2017)
Table 64 Mergers, Acquisitions, and Collaborations (2014–2016)
Table 65 Contracts, Partnerships, and Agreements (2014–2016)
Table 66 Expansions (2016)


List of Figures (53 Figures)

Figure 1 Multifactor Authentication Market Segmentation
Figure 2 Multifactor Authentication Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top–Down Approach
Figure 5 Data Triangulation
Figure 6 Five-Factor Authentication Expected to Grow at the Highest Rate During the Forecast Period
Figure 7 Banking and Finance Application to Hold the Largest Size of the Market During the Forecast Period
Figure 8 The Americas Held the Largest Share of the Market in 2016
Figure 9 Market Expected to Rise at A Moderate Rate During the Forecast Period
Figure 10 Banking and Finance Application to Exhibit the Largest Size of the Market During the Forecast Period
Figure 11 The Americas to Hold the Largest Share of the Market in 2017
Figure 12 Market in India is Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 13 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 14 Number of Data Breach Incidents, By Industry
Figure 15 Value Chain Analysis: Major Value Added During the Assembly and Distribution Phases
Figure 16 The Multi-Factor Authentication Market, By Model
Figure 17 Two-Factor Authentication: Largest Market Share in the MFA Market Between 2016 and 2022
Figure 18 Smart Card With Pin is Expected to Dominate the Two-Factor Authentication Market 2017 vs 2022
Figure 19 The Americas is Expected to Have the Largest Market Share for the Two-Factor MFA Market During the Forecast Period
Figure 20 Smart Card With Two-Factor Biometric Technology is Expected to Grow at the Highest Rate From 2017 vs 2022
Figure 21 North America is Expected to Hold the Largest Market Value in the Three-Factor MFA Market From 2017 to 2022
Figure 22 RoW Region is Expected to Grow at the Highest Rate in the Four-Factor MFA Market From 2017 to 2022
Figure 23 The Americas is Expected to Have the Largest Market Share in the Five-Factor MFA Market From 2016 to 2022
Figure 24 The Multifactor Authentication Market, By Application
Figure 25 Banking and Finance Application Expected to Hold the Largest Market Share From 2016 vs 2022
Figure 26 The Americas is Expected to Lead the Government Application Market in MFA By 2022
Figure 27 The RoW Region is Expected to Grow at the Highest Rate in the Military and Defense Application in the MFA Market During the Forecast Period
Figure 28 The APAC Region is Expected to Grow at the A Highest Rate in Consumer Electronics Application for the MFA Market From 2017 to 2022
Figure 29 Multifactor Authentication Market, By Geography
Figure 30 The Americas is Estimated to Dominate the MFA Market Between 2016 and 2022
Figure 31 Segmentation: the Americas
Figure 32 Multifactor Authentication Market Snapshot in the America
Figure 33 Three-Factor Authentication Model Expected to Exhibit the Highest Growth Rate During the Forecast Period
Figure 34 Segmentation: Europe
Figure 35 Multifactor Authentication Market Snapshot in Europe
Figure 36 Five-Factor Authentication Model Expected to Exhibit the Highest Growth Rate During the Forecast Period
Figure 37 Segmentation: Asia Pacific
Figure 38 Multifactor Authentication Market Snapshot in APAC
Figure 39 Banking and Financial Application to Lead the MFA Market During the Forecast Period
Figure 40 Segmentation: Rest of the World
Figure 41 Five-Factor Authentication Model Expected to Exhibit the Highest Growth Rate During the Forecast Period
Figure 42 Organic and Inorganic Strategies Adopted By Companies in the Multifactor Authentication Market
Figure 43 Battle for Market Share: New Product Launches and Developments Were the Key Strategies
Figure 44 Multifactor Authentication Market Overview: Dive Analysis
Figure 45 Safran: Company Snapshot
Figure 46 NEC Corporation: Company Snapshot
Figure 47 Gemalto NV: Company Snapshot
Figure 48 Hid Global Corporation/Assa Abloy AB: Company Snapshot
Figure 49 3M: Company Snapshot
Figure 50 CA Technologies: Company Snapshot
Figure 51 Fujitsu: Company Snapshot
Figure 52 Vasco Data Security International Inc.: Company Snapshot
Figure 53 Suprema HQ Inc.: Company Snapshot


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