Global Two-Factor Authentication Market 2017-2021

  • ID: 4042762
  • Report
  • Region: Global
  • 72 pages
  • TechNavio
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FEATURED COMPANIES

  • Authenex
  • Deepnet Security
  • Fortinet
  • ID Control
  • PointSharp
  • SecureAuth
  • MORE
About Two-factor Authentication (2FA)

Data security is a primary concern for enterprises, government organizations, and individuals. The popular methods for protecting sensitive data and assets include identity badges, numeric keypads, and PINs. However, these verification methods are vulnerable to hacking attempts. The advanced 2FA solutions prevent data breach by using verification techniques like hardware OTP authentication, smart card-based authentication, phone-based authentication, and biometrics. The 2FA solutions require two types of credentials to verify a person's identity or a transaction. This creates an additional layer of security that makes it difficult for an unauthorized person to access a database or computing device. The surge in online transactions through mobile devices, such as smartphones, laptops, and tablets, for banking and e-commerce, has increased the urgency for 2FA.

The analysts forecast the global 2FA market to grow at a CAGR of 23.57% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global 2FA market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of 2FA products and services.

The market is divided into the following segments based on geography:
- APAC
- Europe
- MEA
- North America
- South America

The report, Global 2FA Market 2017-2021, 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:
- Entrust
- Gemalto
- RSA Security
- SecurEnvoy
- VASCO Data Security International

Other prominent vendors:
- Authenex
- Authentify
- Authy
- Deepnet Security
- DynaPass
- Fortinet
- HID Global
- ID Control
- Meontrust
- Mi-Token
- PointSharp
- Protectimus Solutions
- SecureAuth
- SecurEnvoy
- SecurStar
- Yubico

Market drivers
- Increase in volume of online transactions
- For a full, detailed list, view the full report

Market challenges
- Lack of telecom infrastructure in developing countries
- For a full, detailed list, view the full report

Market trends
- Growing adoption of unified platforms for authentication purposes
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 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?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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FEATURED COMPANIES

  • Authenex
  • Deepnet Security
  • Fortinet
  • ID Control
  • PointSharp
  • SecureAuth
  • MORE
Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction
  • Key market highlights
  • 2FA
  • Comparison between 2FA and MFA
  • Advantages of 2FA
  • Regulations related to MFA
  • Types of authentication keys
Part 05: Economic overview

Part 06: Market landscape
  • Market overview
  • Market assumptions
  • Market size and forecast
Part 07: Market segmentation by end-user
  • Global 2FA market by end-user
Part 08: Geographical segmentation
  • Global 2FA market by geography
  • Global 2FA market by geography (revenue)
Part 09: Buying criteria

Part 10: Market drivers
  • Increase in volume of online transactions
  • High level of security provided by hardware OTP tokens
  • Adherence to compliance mandates
  • Impact of drivers
Part 11: Market Challenges
  • Inconvenience of carrying hardware tokens and vulnerability to threats
  • Lack of telecom infrastructure in developing countries
  • Rise in number of technical defects
Part 12: Impact of drivers and challenges

Part 13: Market trends
  • Introduction of OOB authentication
  • Emergence of cloud-based 2FA
  • Growing adoption of unified platforms for authentication purposes
Part 14: Five forces analysis
  • Five forces analysis
Part 15: Vendor landscape
  • Competitive scenario
  • Top-vendor offerings
  • Vendor matrix
  • Vendor rating
  • Vendor highlights
  • M&A
  • Description of major vendors
  • Other prominent vendors
Part 16: Appendix
  • List of abbreviations
Part 17: About the Author

List of Exhibits
Exhibit 01:FA versus MFA
Exhibit 02: Regulations and their depictions
Exhibit 03: Market assumptions
Exhibit 04: Global 2FA market 2016-2021 ($ billions)
Exhibit 05: Global 2FA market by end-user 2016-2021
Exhibit 06: Global 2FA market by end-user 2016-2021 ($ billions)
Exhibit 07: Global 2FA market by geography 2016-2021
Exhibit 08: Global 2FA market by geography 2016-2021 ($ billions)
Exhibit 09: Buying criteria for 2FA
Exhibit 10: Impact of drivers
Exhibit 11: Impact of drivers and challenges
Exhibit 12: Five forces analysis
Exhibit 13: Product offerings
Exhibit 14: Vendor matrix
Exhibit 15: Vendor rating
Exhibit 16: Vendor highlights
Exhibit 17: M&A of vendors
Exhibit 18: Other prominent vendors
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FEATURED COMPANIES

  • Authenex
  • Deepnet Security
  • Fortinet
  • ID Control
  • PointSharp
  • SecureAuth
  • MORE
New Report Released: – Global 2FA Market 2017-2021

The author of the report recognizes the following companies as the key players in the global 2FA market: Entrust, Gemalto, RSA Security, SecurEnvoy, and VASCO Data Security International

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

Commenting on the report, an analyst from the research team said: “OOB authentication is a powerful tool used to prevent fraud. The OOB authentication software works with a secured communication channel. Enterprises use this technology for high-risk transactions to verify and authenticate the user's identity. The technology is used for authentication for both financial and non-financial transactions.”

According to the report, consumers depend on the Internet to perform transactions. Online transactions are instant and easy. However, financial transactions are vulnerable to cyber attacks. Major vendors, such as Gemalto, are providing hardware OTP tokens with payment functionality for banking transactions. Some of Gemalto's offerings are EZIO onCard PAD, Ezio Talk Token, and EZIO Pico.

Further, the report states that hardware tokens are vulnerable to theft, and there are also possibilities that hardware OTP tokens may not get recognized by the transaction systems in use. The hardware OTP token is an extra device that must be carried around, making it inconvenient for users.

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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  • Entrust
  • Gemalto
  • RSA Security
  • SecurEnvoy
  • VASCO Data Security International
  • Authenex
  • Authentify
  • Authy
  • Deepnet Security
  • DynaPass
  • Fortinet
  • HID Global
  • ID Control
  • Meontrust
  • Mi-Token
  • PointSharp
  • Protectimus Solutions
  • SecureAuth
  • SecurEnvoy
  • SecurStar
  • Yubico
Note: Product cover images may vary from those shown
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