Multi-Factor Authentication Market Growth Insights, 2020-2025 - ResearchAndMarkets.com

The "Multi-Factor Authentication Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

The global multi-factor authentication market is currently experiencing robust growth. Looking forward, the publisher expects the market to register a CAGR of around 14% during 2020-2025.

The growing instances of security breaches and cyber-attacks, along with a significant increase in online frauds, is among the key factors driving the growth of the market.

Cyber-attacks are majorly targeted toward small and medium-sized organizations with ransomware to hijack the corporate's online and financial accounts. This is prevented by deploying MFA systems in the employees' smartphones and computer devices to verify the identity of the user.

In addition, the growth of the healthcare, retail, and banking, financial services and insurance (BFSI) industries is boosting the demand for authentication systems to ensure the security of the enterprises and their customers. For instance, banks perform various functions, such as core banking, trade finance, international payments and online banking, which require secure connections for ensuring smooth transaction and seamless user experience.

Moreover, the emerging trend of the Internet of Things (IoT) and cloud-based services is further acting as a growth-inducing factor. Cloud-integrated MFA solutions allow remote fingerprint scanning, facial recognition and document verification. Advancements in biometrics, software and hardware technologies, coupled with the favorable government measures to enhance national security, are projected to drive the market further.

Other factors driving the market growth include increased usage of digital payment methods and the rising penetration rate of smartphones and wireless devices.

The competitive landscape of the industry has also been examined with some of the key players being CA Technologies, Crossmatch, Deepnet Security Ltd., Entrust, Fujitsu, Gemalto NV, Microsoft Corporation, NEC Corp, Okta, Ping Identity, RSA Security, SecureAuth, SecurEnvoy, Suprema HQ, Symantec VIP, etc.

Key Questions Answered

• How has the global multi-factor authentication market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What is the breakup of the market based on the model?
• What is the breakup of the market based on the deployment type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the vertical?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the market?
• What is the structure of the global multi-factor authentication market and who are the key players?
• What is the degree of competition in the market?

Key Topics Covered

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Multi-Factor Authentication Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Forecast

6 Market Breakup by Model

6.1 Two-Factor Authentication

6.2 Three-Factor Authentication

6.3 Four-Factor Authentication

6.4 Five-Factor Authentication

7 Market Breakup by Deployment Type

7.1 On-Premises

7.2 On-Cloud

8 Market Breakup by Application

8.1 Smart Card Authentication

8.2 Phone-Based Authentication

8.3 Hardware OTP Token Authentication

9 Market Breakup by Vertical

9.1 Banking & Finance

9.2 Government

9.3 Travel & Immigration

9.4 Military & Defence

9.5 Commercial Security

9.6 Healthcare

9.7 Consumer Electronics

9.8 Others

10 Market Breakup by Region

10.1 North America

10.2 Europe

10.3 Asia Pacific

10.4 Latin America

10.5 Middle East and Africa

11 SWOT Analysis

11.1 Overview

11.2 Strengths

11.3 Weaknesses

11.4 Opportunities

11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

13.1 Overview

13.2 Bargaining Power of Buyers

13.3 Bargaining Power of Suppliers

13.4 Degree of Competition

13.5 Threat of New Entrants

13.6 Threat of Substitutes

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

14.3.1 CA Technologies

14.3.1.1 Company Overview

14.3.1.2 Product Portfolio

14.3.2 Crossmatch

14.3.3 Deepnet Security Ltd.

14.3.4 Entrust

14.3.5 Fujitsu

14.3.6 Gemalto N.V.

14.3.7 Microsoft Corporation

14.3.8 NEC Corp.

14.3.9 Okta

14.3.10 Ping Identity

14.3.11 RSA Security

14.3.12 SecureAuth

14.3.13 SecurEnvoy

14.3.14 Suprema HQ

14.3.15 Symantec VIP

For more information about this report visit https://www.researchandmarkets.com/r/1iwqy3

View source version on businesswire.com: https://www.businesswire.com/news/home/20200407005461/en/