Two-Factor Authentication Market Share - Industry Segments Poised for Strong Growth


Posted February 12, 2020 by Savnipandit

Two-Factor Authentication Market Research Report - Global Forecast till 2024
 
Overview:

Two Factor Authentication also referred as 2FA or two-step verification process provides an added layer of security, wherein the user is asked to pass through two authentication dynamics like ID and password. 2FA makes it difficult for attackers to get the access to a person's online accounts, related applications, and other similar devices.

2FA is predominantly used in many burgeoning sectors such as Banking and Finance, Government, Military and Defense, Commercial Security and most importantly eCommerce. Wherein it is integral to control access to sensitive systems & data, or online transactions and services. These industries introduce 2FA to secure their users' data from being breached by intruders who have already obtained user’s password. Implementation of a Two Factor Authentication process ensures lowering the number of cases of authentication/identity theft using phishing, internet, and others.

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Over the past couple of years, owing to the technological advancements coupled with some of the emerging and fast-growing industries such as crypto-currency, eCommerce and others, Two Factor Authentication technology is perceiving a huge uptake and demand across the world. These factors are substantiating the market to grow, accelerating on a global platform.

Considering the rapid expansions the market perceives currently and the potential of the market to grow further, Market Research Future (MRFR) recently published a study report, giving out market forecast up to 2023. In its analysis, MRFR asserts that the global Two Factor Authentication market will reach USD ~8.78 Billion, registering a staggering double digit CAGR of ~19.6% between 2017 and 2023.

Industry/ Innovation/ Related News:

May 19, 2018 – Officials at the KrisFlyer, Singapore Airline’s frequent flyer program announced the implementation two-factor authentication to tighten the account security further. The implementation expected to take place on June 29th is based on some reports of compromised accounts.

Key Players:

The Global Two-Factor Authentication Market Share is led by some of the fervent players including VASCO Data Security International Inc. (US), `HID Global Corporation/ASSA ABLOY AB (Sweden), Gemalto NV (the Netherlands), NEC Corporation (Japan), RSA Security LLC (US), CA Technologies (US), Suprema HQ Inc. (South Korea), 3M Company (US), and Crossmatch Technologies Inc. (US). Profiling them in its analysis, MRFR finds out their strategies keeping them at the forefront of competition.

Segmentation:

The global Two-Factor Authentication Market can be segmented into five key dynamics for the convenience of the report and enhanced understanding;

By Types: Comprising One-time passwords, and Public key infrastructure, among others.

By Model: Smart Card with Biometric Technology, Smart Card with Pin, Biometric Technology with Pin, One Time Password with Pin, and Two-Factor Biometric Technology, among others

By Technologies: SafeNet OTP Authenticators, Physical and Logical Access Control, Out-of-Band Authenticators, PKI Authenticators, and MobilePKI Office Suite, among others.

By End-Users: Consumer Electronics, Banking and Finance, Healthcare, Government, Military and Defense, Travel and Immigration, and Commercial Security, among others.

By Regions: North America, Europe, APAC and Rest of the World.

Browse More Details on Report at: https://www.marketresearchfuture.com/reports/two-factor-authentication-market-3772

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

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Email: [email protected]
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Issued By Savni
Country India
Categories Technology
Tags twofactor authentication market share
Last Updated February 12, 2020