- Language: English
- Published: August 2013
- Region: North America, United States
Global Two-factor Authentication Market 2010-2014
- ID: 1921071
- September 2011
- Region: Global
- 31 pages
Technavio’s analysts forecast the Global Two-factor Authentication market to grow at a CAGR of 20.8 percent over the period 2010–2014. One of the key factors contributing to this market growth is the growing complexity of attacks and increasingly strict compliance regulations. The Global Two-factor Authentication market has also been witnessing growing adoption of phone-based authentication solutions and a preference for OTP authentication solutions. However, the high upfront cost of hardware tokens is negatively affecting the adoption of hardware tokens, which could pose a challenge to the growth of this market.
Key vendors dominating this market include RSA, Gemalto N.V., VASCO Data Security International Inc., and Entrust Inc.
Technavio’s Global Two-factor Authentication Market 2010–2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Global region and focuses on the Global Two-factor Authentication market landscape and its growth prospects. Further, the report covers different forms of two-factor authentication solutions such as USB Tokens, e-Signature, Subscriber Identity Module (SIM) USB Token, PC Soft Tokens, SMS Text Authentication, Display USB Token, and OTP Token. It also covers the hardware, software, and hybrid solutions or products. The report also covers the vendors that offer two-factor solutions to end-users; in vendor share, the report has included both software/product/license revenue and their services revenue. The companies that offer only single-factor authentication solution and/or biometric authentication solution are not in the scope of this report. Further, the report does not include companies that provide only services and do not have their own product.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
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01. Executive Summary
03. Market Coverage
04. Market Landscape
05. Vendor Landscape
06. Market Growth Drivers
07. Market Challenges
08. Market Trends
09. Key Vendor Analysis
09.2 Gemalto N.V.
09.3 VASCO Data Security International Inc.
09.4 Entrust Inc.
10. Other Reports in this Series
List of Exhibits:
Exhibit 1: Global Two-factor Authentication Market 2010–2014 (US$ million)
Exhibit 2: Global Two-factor Authentication Market by Geographical Segmentation 2010
Exhibit 3: Global Two-factor Authentication Market Vendor Segmentation 2010
Increasing Compliance Regulations Pushing Adoption of Two-factor Authentication
A recently published report by Technavio, specialists in emerging technologies market research, reveals that the Global Two-factor Authentication market is expected to grow at a CAGR of 20.8 percent over the period 2010–2014. The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by the growing number of complex compliance regulations.
According to Technavio’s industry analyst, “The growing number of attacks on critical installations has resulted in increasingly strict compliance regulations. Companies in sectors such as Financial Services, Healthcare, e-Commerce, and PCI have to comply with multiple regulations. A slight breach may result in data theft that will ultimately lead to hefty penalty and reputational loss. Hence these compliance requirements and regulatory guidelines continue to be one of the most important drivers for the Global Two-factor Authentication market.”
The report also highlights that a potential shift towards three-factor authentication is hindering the growth of this market. However, the growing attacks on high-growth sectors such as Online Gaming are expected to keep driving the market. This market is also marked by growing adoption of phone-based authentication. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
Technavio’s report, Global Two-factor Authentication Market 2010–2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market.
Companies mentioned in this report include RSA, Gemalto N.V., VASCO Data Security International Inc., and Entrust Inc.