Global Multi-factor Authentication Market 2017-2021

  • ID: 4368880
  • Report
  • Region: Global
  • 92 pages
  • TechNavio
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Analysts forecast the global multi-factor authentication market to grow at a CAGR of 22.65% during the period 2017-2021

FEATURED COMPANIES

  • CA Technologies
  • Early Warning Services
  • Fujitsu
  • HID Global
  • RSA Security
  • SecureAuth
  • MORE
About Multi-factor Authentication

Analysts forecast the global multi-factor authentication market to grow at a CAGR of 22.65% during the period 2017-2021

The use of two or more authentication method is known as multi-factor authentication. The implementation of multi-factor authentication has been growing among several industry sectors because organizations are finding ways of increasing security and meeting the demands of industry and government regulations that require protection of sensitive consumer and employee information. Two-factor authentication is the most commonly used type of multi-factor authentication.

Covered in this report

The report covers the present scenario and the growth prospects of the global multi-factor authentication market for 2017-2021. To calculate the market size, the report considers multi-factor authentication products that include hardware products such as one-time password (OTP) tokens, USB tokens, mini tokens, subscriber identification module (SIM) tokens, and smart card tokens.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Global Multi-factor Authentication 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
  • SecureAuth
  • VASCO Data Security International
Other Prominent Vendors
  • CA Technologies
  • Deepnet Security
  • Early Warning Services
  • Fujitsu
  • HID Global
  • IBM
  • Safran
  • SecurEnvoy
  • SecuTech Solutions
  • Swivel Secure
  • Symantec
Market Drivers
  • High-level security provided by hardware OTP tokens
  • For a full, detailed list, view the full report
Market Challenges
  • Increase in cost of OTP tokens
  • For a full, detailed list, view the full report
Market Trends
  • Emergence of cloud-based multi-factor authentication
  • 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?
  • 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.

Research methodology is based on extensive primary and secondary research:
  • Primary research includes in-depth interviews with industry experts, vendors, resellers and customers
  • Secondary research includes the publisher's platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by government agencies
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FEATURED COMPANIES

  • CA Technologies
  • Early Warning Services
  • Fujitsu
  • HID Global
  • RSA Security
  • SecureAuth
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
  • Multi-factor authentication architecture
  • Comparison between single-factor, two-factor, and multi-factor authentication
  • Advantages of multi-factor authentication
  • Regulations related to multi-factor authentication
  • Types of authentication keys
PART 05: Economic overview
  • Global economic overview and its impact on the market and vendors
PART 06: Market landscape
  • Market overview
  • Market assumptions
  • Market size and forecast
PART 07: Market segmentation by component
  • Global multi-factor authentication market by component
  • Global multi-factor authentication market by services
  • Global multi-factor authentication market by products
PART 08: Market segmentation by application
  • Global multi-factor authentication market by application
  • Global smart card-based multi-factor authentication market
  • Global phone-based multi-factor authentication market
  • Global hardware OTP token multi-factor authentication market
PART 09: Market segmentation by end-user
  • Global multi-factor authentication market by end-user
  • Global multi-factor authentication market by BFSI
  • Global multi-factor authentication market by PCI
  • Global multi-factor authentication market by government
  • Global multi-factor authentication market by healthcare
PART 10: Geographical segmentation
  • Global multi-factor authentication market by geography
PART 11: Buying criteria

PART 12: Decision framework

PART 13: Drivers and challenges
  • Market drivers
  • Market challenges
PART 14: Market trends
  • Introduction of OOB authentication
  • Emergence of cloud-based multi-factor authentication
  • Increased adoption of unified platforms for authentication purposes
PART 15: Five forces analysis

PART 16: Vendor landscape
  • Competitive scenario
  • Vendor matrix
  • Comparative chart for vendors
  • Key vendor analysis
  • Other prominent vendors
PART 17: Mergers and acquisitions
  • M&A in the market
PART 18: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Multi-factor authentication: Architecture
Exhibit 02: Comparison between single-factor, two-factor, and multi-factor authentication
Exhibit 03: Multi-factor authentication market: Regulations and their depictions
Exhibit 04: Multi-factor authentication market assumptions
Exhibit 05: Global multi-factor authentication market 2016-2021 ($ billions)
Exhibit 06: Global multi-factor authentication market by component 2016-2021 (% share of revenue)
Exhibit 07: Global multi-factor authentication market by services 2016-2021 ($ billions)
Exhibit 08: Global multi-factor authentication market by products 2016-2021 ($ billions)
Exhibit 09: Global multi-factor authentication market segmentation by application 2016-2021 (% share of revenue)
Exhibit 10: Global smart card-based multi-factor authentication market 2016-2021 ($ billions)
Exhibit 11: Global phone-based multi-factor authentication market 2016-2021 ($ billions)
Exhibit 12: Global hardware OTP token multi-factor authentication market 2016-2021 ($ billions)
Exhibit 13: Global multi-factor authentication market segmentation by end-user 2016-2021 (% share of revenue)
Exhibit 14: Global multi-factor authentication market by BFSI 2016-2021 ($ billions)
Exhibit 15: Global multi-factor authentication market by PCI 2016-2021 ($ billions)
Exhibit 16: Global multi-factor authentication market by government 2016-2021 ($ billions)
Exhibit 17: Global multi-factor authentication market by healthcare 2016-2021 ($ billions)
Exhibit 18: Global multi-factor authentication market by geography 2016-2021 (% share of revenue)
Exhibit 19: Global multi-factor authentication market by geography 2016-2021 ($ billions)
Exhibit 20: Multi-factor authentication: Buying criteria
Exhibit 21: Five forces analysis
Exhibit 22: Key vendors: Product offerings
Exhibit 23: Key vendors: Features
Exhibit 24: Key vendors: Applications
Exhibit 25: Key vendors: Industries served
Exhibit 26: Key vendors: Geographical presence
Exhibit 27: Key vendors: Comparative chart
Exhibit 28: Other prominent vendors
Exhibit 29: Global multi-factor authentication market: M&A
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FEATURED COMPANIES

  • CA Technologies
  • Early Warning Services
  • Fujitsu
  • HID Global
  • RSA Security
  • SecureAuth
  • MORE
New Research Report - Global Multi-factor Authentication Market 2017-2021

The publisher recognizes the following companies as the key players in the global multi-factor authentication market: Entrust, Gemalto, RSA Security, SecureAuth, and VASCO Data Security International.

Other Prominent Vendors in the market are: CA Technologies, Deepnet Security, Early Warning Services, Fujitsu, HID Global, IBM, Safran, SecurEnvoy, SecuTech Solutions, Swivel Secure, and Symantec.

Commenting on the report, an analyst from the research team said: “One trend in the market is emergence of cloud-based multi-factor authentication. The rise in maintenance costs for hardware and software-based two-factor and three-factor authentication models has aroused the interest of many companies in the adoption of cloud-based multi-factor authentication solutions. Vendors are integrating multi-factor authentication techniques with cloud due to the growing demand for cloud-based multi-factor authentication.”

According to the report, one driver in the market is high-level security provided by hardware OTP tokens. Hardware OTP tokens are based on the multi-factor authentication method. This requires the user to carry a hardware device for initial authentication, which is followed by a second level of authentication. The first round of authentication keeps off the user from accessing critical information without the hardware. Hence, hardware OTP tokens ensure proper user authentication and help prevent potential network intrusions. The hardware device promotes mobility and does not require a third party to interfere for identity management.

Further, the report states that one challenge in the market is increase in cost of OTP tokens. High initial deployment and replacement costs have increased the total cost of OTP tokens. The total cost of OTP tokens includes the initial pricing and licensing model, infrastructure and hardware requirements, token warranty, and effort and resources required for deploying and managing the solution. This is because regions, such as Latin America and Eastern Europe, have limited vendor penetration. Vendors that operate in these regions are the US and European players such as Entrust, RSA Security, and VASCO.

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
  • SecureAuth
  • VASCO Data Security International
  • CA Technologies
  • Deepnet Security
  • Early Warning Services
  • Fujitsu
  • HID Global
  • IBM
  • Safran
  • SecurEnvoy
  • SecuTech Solutions
  • Swivel Secure
  • Symantec
Note: Product cover images may vary from those shown
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