Global Two-factor Biometrics Market 2016-2020

  • ID: 3769363
  • Report
  • Region: Global
  • 58 pages
  • TechNavio
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FEATURED COMPANIES

  • Authenex
  • Deepnet Security
  • Entrust
  • HID Global
  • PointSharp
  • SecurEnvoy
  • MORE
About the Two-Factor Biometrics Market

The rising occurrences of criminal activities in the BFSI, PCI, government, and healthcare, sectors are leading to a higher demand for cyber security solutions. There is a heightened need for highly reliable personal authentication and identification systems to reduce security risks. Two-factor biometric solutions are used to ensure physical and information security. Here, the user needs to provide the second piece of information - a code, a temporary password, or a finger swipe - to access credentials. If the user is unable to provide the correct information, the account remains locked.

The analysts forecast the global two-factor biometrics market to grow at a CAGR of 22.87% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global two-factor biometrics market for 2016-2020.

To calculate the market size, the report considers revenue generated from the sales of two-factor biometric products and services:

- Two-factor biometric products include hardware products such as one-time password (OTP) tokens, USB tokens, mini tokens, and subscriber identity module (SIM) tokens
- Two-factor biometric services include software and services such as OTP software and software-based security tokens. They also include out-of-band authentication (OOB) services and cloud-based two-factor authentication services.

The market is divided into the following segments based on geography:

- APAC
- Europe
- MEA
- North America
- South America

The report, Global Two-Factor Biometrics Market 2016-2020, 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
- EMC
- Entrust
- Gemalto
- VASCO

Other prominent vendors
- Authenex
- Authentify
- Authy
- Deepnet Security
- DynaPass
- Fortinet
- HID Global
- Meontrust
- Mi-Token
- PointSharp
- Protectimus Solutions
- SecureAuth
- SecurEnvoy
- SecurStar
- SecuTech Solutions
- Swivel Secure

Market drivers
- Growing number of online transactions

Market challenges
- Vulnerability of hardware devices to physical damage

Market trends
- Increasing adoption of two-factor biometrics by SMBs

Key questions answered in this report
- What will the market size be in 2020 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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2 of 5

FEATURED COMPANIES

  • Authenex
  • Deepnet Security
  • Entrust
  • HID Global
  • PointSharp
  • SecurEnvoy
  • MORE
PART 01: Executive summary
  • Highlights
  • Market overview
PART 02: Scope of the report
  • Market overview
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Authentication architecture
  • Two or more factor authentication versus single-factor authentication
PART 06: Types of two-factor authentication
  • Passwords
  • Hard tokens
  • Soft tokens
  • OTP
  • Biometrics
  • Advantages of two-factor biometrics
PART 07: Market landscape
  • Market overview
PART 08: Market assumptions

PART 09: Life cycle analysis
  • Global multi-factor biometrics market
  • Two-factor biometrics in global multi-factor biometrics market
  • Global two-factor biometrics market
PART 10: Market segmentation by end-user
  • Segmentation of global two-factor biometrics market by end-user
PART 11: Geographical segmentation
  • Geographical segmentation of two-factor biometrics market
  • Geographical segmentation of two-factor biometrics market by revenue
PART 12: Buying criteria
  • Buying criteria for two-factor biometrics
PART 13: Market drivers
  • Increasing use of mobile devices
  • Growing number of online transactions
  • Increasing security threats
  • Growing demand in BFSI sector
PART 14: Impact of drivers

PART 15: Market challenges
  • Increasing hardware costs of biometric tokens
  • Changing customer preferences
  • Vulnerability of hardware devices to physical damage
  • Rising number of technical defects
PART 16: Impact of drivers and challenges

PART 17: Market trends
  • Introduction of OOB authentication
  • Emergence of cloud-based two-factor authentication
  • Increasing adoption of two-factor biometrics by SMBs
  • Launch of unified platforms for authentication purposes
PART 18: Impact of trends

PART 19: Five forces model

PART 20: Key vendor analysis
  • Competitive scenario
  • Vendor highlights
  • Vendor matrix
  • Vendor competitive rating
  • Description of major vendors
PART 21: Other prominent vendors

PART 22: Appendix
  • List of abbreviations
PART 23: About the Author

List of Exhibits

Exhibit 01: Market summary
Exhibit 02: Authentication architecture
Exhibit 03: Two or more factor authentication versus single-factor authentication
Exhibit 04: Overview of two-factor biometrics market
Exhibit 05: Market assumptions
Exhibit 06: Life cycle of two-factor biometrics
Exhibit 07: Global multi-factor biometrics market 2015-2020 ($ billions)
Exhibit 08: Share of two-factor biometrics in global multi-factor biometrics market 2015-2020
Exhibit 09: Global two-factor biometrics market 2015-2020 ($ billions)
Exhibit 10: Global two-factor biometrics market by end-user 2015 (% share)
Exhibit 11: Geographical segmentation of two-factor biometrics market 2015-2020 (% share)
Exhibit 12: Two-factor biometrics market by revenue 2015-2020 ($ billions)
Exhibit 13: Buying criteria for two-factor biometrics
Exhibit 14: Impact of drivers
Exhibit 15: Impact of drivers and challenges
Exhibit 16: Impact of trends
Exhibit 17: Five forces model
Exhibit 18: Key news
Exhibit 19: M&A
Exhibit 20: Product offerings
Exhibit 21: Features of products offered by vendors
Exhibit 22: Vendor competitive rating
Exhibit 23: Other prominent vendors
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FEATURED COMPANIES

  • Authenex
  • Deepnet Security
  • Entrust
  • HID Global
  • PointSharp
  • SecurEnvoy
  • MORE
New Report Released: - Global Two-Factor Biometrics Market 2016-2020

The author of the report recognizes the following companies as the key players in the global two-factor biometrics market: EMC, Entrust, Gemalto, and Vasco.

Other Prominent Vendors in the market are: Authenex, Authentify, Authy, Deepnet Security, DynaPass, Fortinet, HID Global, Meontrust, Mi-Token, PointSharp, Protectimus Solutions, SecureAuth, SecurEnvoy, SecurStar, SecuTech Solutions, and Swivel Secure.

Commenting on the report, an analyst from the research team said: “One trend which is helping boost market growth is the rising adoption of two-factor biometrics by SMBs. Most SMBs are conscious about investments and cannot afford high-end token authentication devices. So, a decline in the prices of biometric tokens has led to their increased adoption among cost-conscious SMBs. Increasing number of online transactions and cyber attacks have resulted in the wider adoption of hardware devices. To enhance the security of critical data, it has become important for organizations to adopt biometric tokens.”

According to the report, a key growth driver is the rising number of online transactions. Consumers are becoming increasingly dependent on the internet for financial transactions as it is convenient. Internet-based financial transactions are vulnerable to cyber attacks and security threats. The volume of cyber attacks is increasing in line with the rising number of online transactions, especially in sectors such as BFSI, PCI, healthcare, and retail. To make online transactions more secure, organizations are using hardware OTP token authentication methods.

Further, the report states that one challenge that could hamper market growth is the vulnerability of hardware devices to physical damage.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- EMC
- Entrust
- Gemalto
- Vasco
- Authenex
- Authentify
- Authy
- Deepnet Security
- DynaPass
- Fortinet
- HID Global
- Meontrust
- Mi-Token
- PointSharp
- Protectimus Solutions
- SecureAuth
- SecurEnvoy
- SecurStar
- SecuTech Solutions
- Swivel Secure.
Note: Product cover images may vary from those shown
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