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Multi-factor authentication market 22.65% CAGR to 2021 illuminated by new report

Multi-factor Authentication Market a new research document covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like Americas, APAC, EMEA and important players/vendors such Entrust, Gemalto, RSA Security, SecureAuth, and VASCO Data Security International. The report will help user gain market insights, future trends and growth prospects for forecast period of 2017-2021.

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Multi-factor Authentication Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

Complete report on the Multi-factor Authentication Market Research Report spread across 92 pages, profiling 16 companies with table of content is now available at  www.reportsnreports.com/contacts/discount.aspx?name=1150455 .

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Other Prominent Vendors in the market are: CA Technologies, Deepnet Security, Early Warning Services, Fujitsu, HID Global, IBM, Safran, SecurEnvoy, SecuTech Solutions, Swivel Secure, and Symantec.

One trend in the market is emergence of cloud-based multi-factor authentication. The rise in maintenance costs for hardware and software-based two-factor and three-factor authentication models has aroused the interest of many companies in the adoption of cloud-based multi-factor authentication solutions.

Vendors are integrating multi-factor authentication techniques with cloud due to the growing demand for cloud-based multi-factor authentication.

According to the report, one driver in the market is high-level security provided by hardware OTP tokens. Hardware OTP tokens are based on the multi-factor authentication method.

This requires the user to carry a hardware device for initial authentication, which is followed by a second level of authentication. The first round of authentication keeps off the user from accessing critical information without the hardware.

Hence, hardware OTP tokens ensure proper user authentication and help prevent potential network intrusions. The hardware device promotes mobility and does not require a third party to interfere for identity management.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

For further information on this report, please visit- www.technavio.com/report/global-multi-factor-authentication-market

Access this Report at www.reportsnreports.com/purchase.aspx?name=1150455 .

Further, the report states that one challenge in the market is increase in cost of OTP tokens. High initial deployment and replacement costs have increased the total cost of OTP tokens.

The total cost of OTP tokens includes the initial pricing and licensing model, infrastructure and hardware requirements, token warranty, and effort and resources required for deploying and managing the solution. This is because regions, such as Latin America and Eastern Europe, have limited vendor penetration.

Vendors that operate in these regions are the US and European players such as Entrust, RSA Security, and VASCO.

The report covers the present scenario and the growth prospects of the global multi-factor authentication market for 2017-2021. To calculate the market size, the report considers multi-factor authentication products that include hardware products such as one-time password (OTP) tokens, USB tokens, mini tokens, subscriber identification module (SIM) tokens, and smart card tokens.

The use of two or more authentication method is known as multi-factor authentication. The implementation of multi-factor authentication has been growing among several industry sectors because organizations are finding ways of increasing security and meeting the demands of industry and government regulations that require protection of sensitive consumer and employee information.

Two-factor authentication is the most commonly used type of multi-factor authentication.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?                                               

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry space?       

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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