According to Stratistics MRC, the Global Multi-Factor Authentication (MFA) Market is accounted for $4.05 billion in 2015 and is expected to reach $13.59 billion by 2022 growing at a CAGR of 18.8% from 2015 to 2022. MFA technology plays a significant role as it helps to meet legislative compliances, security needs, inter border security requirements. Some of the major drivers in this market include rise of E-commerce sector, growing number of online transactions, network security threats and legislative compliances. However, data security and MFA usage service time are some restraints anticipated to decrease the market growth.
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Banking, financial services and insurance (BFSI) segment contributed a largest market share during the forecast period owing to growing need for secure identification and verification techniques. By geography, North America commanded the largest market share due to plenty IT infrastructures and more financial institutions & companies in this region.
Some of the key players profiled in this market include Hid Global Corporation, Vasco Data Security International, Inc., Fujitsu Ltd., RSA Security Llc., 3M Company, Safran SA, Cross Match Technologies, Inc, Suprema, Inc., CA Technologies, Gemalto NV, NEC Corporation, SecurStar, MitoKen Solutions Pvt Ltd, Swivel Secure and Deepnet Security.
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Models Covered:
Two-Factor Authentication Model
One Time Password With Pin
Two-Factor Biometric Technology
Smart Card With Biometric Technology
Biometric Technology With Pin
Smart Card With Pin
Multi-Factor With Three-Factor Authentication
Three-Factor Biometric Technology
Smart Card With Two-Factor Biometric Technologies
Pin With Two-Factor Biometric Technologies
Smart Card With Pin and Biometric Technology
Multi-Factor With Four-Factor Authentication
Multi-Factor With Five-Factor Authentication
Applications Covered:
Government
Healthcare
Banking, Financial services and Insurance (BFSI)
Travel & Immigration
Consumer Electronics
Defense
Commercial Security
Other Applications
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Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
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