The global multi-factor authentication market is driven by the increasing national and network security threats coupled with stringent legislative compliances to be observed across various applications. In addition, a significant spurge in online transactions owing to an exponential rise in e-commerce industry has further fueled the global multi-factor authentication market. Furthermore, the availability of cloud-based MFA technology has limited maintenance costs associated typically with software/hardware-based two-factor or three-factor authentications. A number of organizations are switching towards adopting cloud-based authentication solutions owing to their cost effective pay-per-use model, improved scalability and reliability, ease of upgrades and installation and lesser maintenance costs. The global multi-factor authentication market is segmented as follows:
By Authentication Model: Two-factor Authentication (Pin with Biometric Technology, Pin with Smart Card, Two-Factor Biometric Technology, Biometric Technology with Smart Card and OTP With Pin), Three-factor Authentication (Three-Factor Biometric Technology, Biometric Technology with Smart Card and Pin, Two-Factor Biometric Technology with Pin and Smart Card With Two-Factor Biometric Technology), Four-factor Authentication and Five-factor Authentication.
By Application: Government, Travel & Immigration, Banking & Finance, Defense, Commercial Security, Healthcare, Consumer Electronics, Retail and Others.
Multi-Factor Authentication (MFA) Market
Lastly, the global multi-factor authentication market is segmented by regions into North America, Asia Pacific (APAC), Europe and Rest of the World (RoW). North America multi-factor authentication market accounts for the largest revenue share currently and is expected to be one of the most prominent market during the forecast period. Europe and Asia Pacific are expected to be key regions for the global multi-factor authentication market owing to rapid digitization and increase in e-commerce across various applications.
Some of the key players operating in the global multi-factor authentication market are:
The 3M Company (U.S.)
Safran SA (France)
CA Technologies (U.S.)
RSA Security LLC (U.S.)
Gemalto NV (Netherlands) among others.
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2. Executive Summary
3. Multi-Factor Authentication - Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End User Profiling
3.2.3. Top 5 Financials Analysis
4. Multi-Factor Authentication - Market Forces
4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of the Multi-Factor Authentication Industry
4.4.1. Power of Suppliers
4.4.2. Power of Customers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitution
4.4.5. Degree of Competition
5. Multi-Factor Authentication Market - Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.4. Suppliers/Distributors Analysis
6. Multi-Factor Authentication Market - By Authentication Model:
6.2. Two-factor Authentication
6.2.1. Biometric Technology With Pin
6.2.2. Smart Card With Pin
6.2.3. Two-Factor Biometric Technology
6.2.4. Smart Card With Biometric Technology
6.2.5. One Time Password With Pin
6.3. Three-factor Authentication
6.3.1. Three-Factor Biometric Technology
6.3.2. Smart Card With Pin and Biometric Technology
6.3.3. Pin With Two-Factor Biometric Technologies
6.3.4. Smart Card With Two-Factor Biometric Technologies
6.4. Four-factor Authentication
6.5. Five-factor Authentication
7. Multi-Factor Authentication Market - By Application:
7.3. Travel & Immigration
7.4. Banking & Finance
7.6. Commercial Security
7.8. Consumer Electronics
8. Multi-Factor Authentication Market- By Geography:
8.2. North America
8.2.4. Rest of North America
8.3.6. Rest of Europe
8.4.5. Rest of APAC
8.5.1. Middle East & Africa
8.5.2. South America
9. Market Entropy
9.1. New Product Launches
9.2. M&As, Collaborations, JVs and Partnerships
10. Company Profiles
10.1. The 3M Company
10.2. Safran SA
10.3. Gemalto NV
10.4. NEC Corporation
10.5. RSA Security LLC
10.6. Fujitsu Ltd.
10.7. Hid Global Corporation
10.8. CA Technologies
10.9. Cross Match Technologies, Inc
10.10. Suprema, Inc.
10.11. Vasco Data Security International, Inc.
*More than 40 Companies are profiled in this Research Report, Complete List available on Request*
"*Financials would be provided on a best efforts basis for private companies"
11.3. Research Methodology
11.5. Compilation of Expert Insights
- Safran SA
- Gemalto NV
- NEC Corporation
- RSA Security LLC
- Fujitsu Ltd.
- Hid Global Corporation
- CA Technologies
- Cross Match Technologies, Inc
- Suprema, Inc.
- Vasco Data Security International, Inc.