Title: Multi Factor Authentication Market Share, Growth, Trends and Forecast by 2024
1Multi Factor Authentication Industry Share,
Statistics, Trends, Forecast Report, 2024 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
2 Regional Analysis of Multi Factor
Authentication Market
- The multi factor authentication market in the
U.S. accounts for the major revenue share. The
growth is credited to the presence of developed
IT infrastructure, financial institutes, and the
rising requirement for dependable authentication
models. In the region, several banks have
prompted the adoption for these models. In 2016,
the U.S. Homeland Security launched an airport
biometric scanning system which is helping track
the immigration in the country through iris and
facial recognitions and is aiding the government
identify non-U.S. citizens. - The Asia Pacific multi factor authentication
market is anticipated to witnesses robust growth
owing to the improving economic conditions in
developing countries such as China, India and
Japan. Increasing usage of smartphones and
demonetization effect in India has shown a
growing usage for e-wallets and mobile payment
applications, which in turn demands for added
security.
3- Application Analysis of Multi Factor
Authentication Market - The multi factor authentication market is
segmented based on the technology models such as
five factor, four factor, three factor and two
factor, authentication models. These models are
mainly being implemented for identifying an
individual through ones information or physical
traits. One time password (OTP) and smart cards
with PINs are the commonly used two factor
authentication techniques. The OTP authentication
is widely gaining approval in the developed
countries. Biometric based multi factor models
are growing at a speedy pace as they are
providing high convenience and security which are
gaining popularity, thereby boosting the multi
factor authentication market demand. - The technology is being implemented across
several industries such as commercial security,
consumer electronics, BFSI, aerospace defense,
healthcare, government, transportation and travel
immigration. The BFSI industry is a key segment
which is anticipated to lead the multi factor
authentication market growth. Three factor models
are being commonly used in BFSI segment owing to
its usage in restricted access areas such as bank
lockers.
4 Competitive Market Share of Multi Factor
Authentication Market
- Key players involved in the multi factor
authentication market are 3M, Cross Match
Technologies, ACTivIdentity Inc., CA
Technologies, Confident Technologies, Deepnet
Security Ltd., Dell Technologies, Entrust Inc.,
Fujitsu Ltd., Gemalto NV., HID Global, Lumidigm,
NEC Corporation, Passfaces, RCG Holding, RSA
Security LLC, Safran SA, Sagem Morpho, SMS
Passcode A/S, Safe TLC, SecuGen, Securenvoy Ltd.,
Suprema Inc., Technology Nexus AB, Vasco Data
Security, Watchdata Technologies and ZK Software.
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Factor Authentication Market _at_ http//bit.ly/2slem
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