Multi Factor Authentication Market Growing at 17.7% CAGR to 2020 With U.S. Leading MFA Technology Consumption Across the Globe

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Oct 06, 2015, 08:30 ET

PUNE, India, October 6, 2015 /PRNewswire/ --

Global multi factor authentication market is expected to reach USD 9.60 billion by 2020 with government, banking & finance and healthcare being the key application areas of the MFA market according to this research report available with RnRMarketResearch.com

Multi-factor authentication is a vast market with a huge scope for growth. The MFA technology plays an important role because it helps to meet legislative compliances, security needs, inter border security requirements, enterprise data securities, and so on. Banking and finance, travel and immigration, defense and cyber security applications are deploying MFA on a large scale. Complete report on Multi-Factor Authentication Market spread across 169 pages, profiling 11 companies and supported with 71 tables and 80 figures is now available at http://www.rnrmarketresearch.com/multi-factor-authentication-market-by-modeltype-two-three-four-five-factor-application-banking-finance-healthcare-government-defense-travel-immigration-consumer-electronics-comme-market-report.html .

The major drivers of the Multi-factor authentication market are the initiatives taken by governments of several countries to invest in the government-based operations and the rolling out of regulations for others to increase the security of the user. Moreover, MFA is extensively being used for user authentication and to reduce financial frauds, phishing, to avoid data breach and so on, this is mainly because of the increase in online trading and online transactions. The major restraint for the MFA market is that people in some regions consider multi-model authentication as offensive, unpleasant, invasive, and an awkward act. The major challenge for the market is ensuring the security of data so that it cannot be intercepted and misused. The life cycle of multi-factor authentication market, by model portrays that four-factor and five-factor are in the introduction stage, three-factor is in the growth stage, whereas two-factor is at the maturity stage. Order a copy of Multi-Factor Authentication (MFA) Market by Model (Two, Three, Four, and Five Factor), Application (Travel & Immigration, Government, Banking, Defense, Commercial Security, Consumer Electronics, Healthcare), and Geography - Global Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=63657 .

Two factor authentication is the most used authentication models followed by three-factor, four-factor, and five-factor authentication, respectively. The U.S. is the global leader in MFA technology consumption. North America leads the market followed by Europe and APAC based on region. In applications, banking & finance is the major contributor, whereas healthcare, government, and commercial security are expected to play an important role. Ask for discount on this report priced US $ 4650 for a single user PDF at http://www.rnrmarketresearch.com/contacts/discount?rname=63657 .

The keyplayers in Multi-factor authentication market are Safran SA, 3M, CA Technologies, Cross Match Technologies, Inc, Fujitsu Ltd., Gemalto NV, HID Global Corporation, NEC Corporation, RSA Security Llc., Suprema, Inc. and Vasco Data Security International, Inc. profiled in this research report.

On a related noted Identity and Access Management Market by Deployments (On-premise, Cloud IAM), by Components (Provisioning, Directory, SSO, Advanced Authentication, Password Management, Audit, Compliance & Governance), by Organization Size - Global Forecast to 2019 research report says major forces driving this market are growing enterprise mobility, regulatory compliance issues and increasingly growing usage of web based applications. Over the next 5 years, market for Identity and Access Management software is expected to become highly pervasive, ubiquitous across its ecosystem, and penetrating the market to a huge extent covering all geographical territories. Some of the companies present in the Identity and Access Management Market are CA Technologies, Emc Corporation, Oracle, HP, IBM, Intel, Microsoft, Siemens, Dell Software, Okta and Centrify. This is a premium research report is available at http://www.rnrmarketresearch.com/identity-and-access-management-iam-market-on-premise-cloud-iam-by-components-provisioning-directories-sso-advanced-authentication-password-management-audit-compliance-governance-gl-market-report.html .

Explore more In Information Technology & Telecommunication Market research reports at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication .

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