Multi-Factor Authentication Market: Size, Share, Growth, Applications, Trends and Forecast 2018 to 2025 - PowerPoint PPT Presentation

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Title: Multi-Factor Authentication Market: Size, Share, Growth, Applications, Trends and Forecast 2018 to 2025


1
Global Multi-Factor Authentication Market Size
2017
  • by Model (Two-Factor Authentication, Three-Factor
    Authentication, Four-Factor Authentication,
    Five-Factor Authentication), by Application
    (Government, Healthcare, BFSI, Retail and
    E-commerce and Others), by Region and Forecast
    2018 to 2025

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2
Global Multi-Factor Authentication Market Size
2017
  • The global  multi-factor authentication market is
    projected to be worth USD 20.38 billion by 2025.
    The demand for multi-factor authentication is
    expected to grow significantly over the coming
    years due to rising investments in cloud
    technologies, enterprise mobility, and increasing
    adoption of Bring-Your-Own-Devices (BYOD) across
    enterprises.
  • Rising internet users coupled with increase in
    use of digital payments is expected to create
    demand for multi-factor authentication system.
    Breaching of financial data is a potential threat
    to banking and FinTech companies, owing to which
    banking and financial companies are integrating
    two-factor and multi-factor authentication in the
    process of digital payment. Moreover, security
    and privacy threats through malware are
    constantly growing. For instance, total malware
    attacks reported in 2017 was USD 9.32 billion all
    across the world, a rise of 18.4 from 2016.
    This, in turn, is expected to boost the demand
    for the global multi-factor authentication
    market.
  • Multi-factor authentication helps to increase the
    overall security, by adding more security layers
    in collaboration with one time password, such as
    face recognition, fingerprint and retina scanner.
    Multi-factor authentication models are classified
    as 2FA, 3FA, 4FA and 5FA. As of 2017, two-factor
    authentication is widely used by government,
    healthcare sector, financial sector and other
    industry sectors. For instance, Facebook,
    LinkedIn, Gmail, Drop Box, PayPal and others have
    two-factor authentication as a built in feature
    to enhance security.
  • Browse the complete report on _at_
    https//www.adroitmarketresearch.com/industry-repo
    rts/multi-factor-authentication-mfa-market

3
Global Multi-Factor Authentication Market Size
2017
  • Multi-factor authentication helps to increase the
    overall security, by adding more security layers
    in collaboration with one time password, such as
    face recognition, fingerprint and retina scanner.
    Multi-factor authentication models are classified
    as 2FA, 3FA, 4FA and 5FA. As of 2017, two-factor
    authentication is widely used by government,
    healthcare sector, financial sector and other
    industry sectors. For instance, Facebook,
    LinkedIn, Gmail, Drop Box, PayPal and others have
    two-factor authentication as a built in feature
    to enhance security.
  • The application of three-factor authentication is
    increasing as two-factor authentication is not
    capable of handling increasingly aggressive
    threats, such as phishing, ATM skimming and
    malware. For instance, as per Kaspersky Labs
    findings, financial phishing attacks accounted
    for over 50 among all the phishing attacks in
    2017. Typically, four-factor and five-factor
    authentication systems are used in government and
    defense sectors, where high level of security is
    needed for applications, such as access to
    national files, data, homeland security services
    and others. Four-factor and five-factor models
    together accounted for 12.8 of the global
    multi-factor authentication market share in 2017.
  • In 2017, US dominated the multi-factor
    authentication system in North America region due
    to strict compliance to government security
    policies. Asia Pacific is expected to grow at the
    highest CAGR of 24.8 during the forecast period.
    The numerous industries present in India, China
    and Japan such as banking, defense and healthcare
    are adopting more secure technology for
    transactions. 

4
Global Multi-Factor Authentication Market Size
2017
  • For instance, Indias UID project Aadhaar, is
    one of the biggest MFA projects in the world,
    registering more than 1 billion people. In the
    Middle East numerous industries such as banking
    and defense are adopting more secure technology
    for transactions. For instance, Saudi Arabias AL
    Rajhi Bank Isbank, Turkeys largest commercial
    bank, and others in the Middle East have
    integrated multi-factor authentication systems
    with their existing security systems to provide
    customers secure access to account using mobile
    applications.
  • The multi-factor authentication market is highly
    competitive and consists of numerous players.
    Launch of new products, acquisitions and
    expansions, strategic partnerships are the few
    strategies used by the key players in the market.
  • In September 2017, RSA integrated with Microsoft
    Azure Active Directory to provide two-factor
    authentication to their client
  • In January 2018, HID launched an updated version
    of Credential Management System (CMS). The new
    ActivID CMS 5.0 authenticates users without using
    a physical smart card.
  • In May 2018, Okta eliminated passwords with
    stronger authentication in its new adaptive
    Single Sign-On product and enhanced adaptive MFA
    products, backed by new Okta ThreatInsight.

5
Key segments of the global multi-factor
authentication market
  • Model overview, 20152025 (USD million)
  • Two-factor authentication (2FA)
  • Three-factor authentication (3FA)
  • Four-factor authentication (4FA)
  • Five-factor authentication (5FA)
  • Application overview, 20152025 (USD million)
  • Government
  • Healthcare
  • Banking, Financial Services and Insurance (BFSI)
  • Retail and e-commerce
  • Other
  • Purchase a single user copy of the global
    Multi-Factor Authentication market report _at_
    https//www.adroitmarketresearch.com/researchrepor
    t/purchase/107

6
About Us
  • Adroit Market Research is an India-based business
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