The Multifactor Authentication Market was valued at USD 5.22 Billion in 2018 and is expected to reach USD 12.51 Billion by 2022, at a CAGR of +15% during the forecast period.
Multi-factor authentication is a method of confirming a user's claimed identity in which a user is granted access only after successfully presenting 2 or more pieces of evidence (or factors) to an authentication mechanism: knowledge, possession and inherence
North America and Europe were the key revenue contributors in 2018. The key factors contributing to the growth of the regions are advanced infrastructure and accelerated adoption of smart devices
The two factor authentication model will continue to dominate the market until 2025, representing more than 75.0% of the overall revenue.
The three factor authentication model is anticipated to exhibit the highest CAGR over the forecast period
The BFSI sector will be the most prominent application segment during the forecast period, followed by retail and e-commerce.
The Multifactor Authentication Market was valued at USD 5.22 Billion in 2018 and is expected to reach USD 12.51 Billion by 2022, at a CAGR of +15% during the forecast period
Top Key Vendors in Market:
Safran (France), Gemalto NV (the Netherlands), NEC Corporation (Japan), 3M (US), CA Technologies (US), Fujitsu (Japan), VASCO Data Security International Inc.
(US), HID Global Corporation/ASSA ABLOY AB (Sweden), RSA Security LLC (US), Suprema HQ Inc. (South Korea), and Crossmatch (US).
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On the basis of region The Global Multi-Factor Authentication Market product is anticipated to grow in Europe and North America, followed by Asia-Pacific region over the predicted period. Due to significant development of nutraceuticals and animal feed businesses in the locale, Asia-Pacific is estimated to emerge as a strong player in the global market.
The competitive landscape of the Global Multi-Factor Authentication Market is described in terms of the players and their statistics. For each key player, the report reveals production rates, costing, overall pricing, revenue generation, and market share within the global market.
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An assessment of the market attractiveness with regard to the competition that new players and products are likely to present to older ones has been provided in the publication. The research report also mentions the innovations, new developments, marketing strategies, branding techniques, and products of the key participants present in the Global Multi-Factor Authentication Market.
To present a clear vision of the market the competitive landscape has been thoroughly analyzed utilizing the value chain analysis. The opportunities and threats present in the future for the key market players have also been emphasized in the publication.
The major growth drivers, challenges, and trends influencing the Global Multi-Factor Authentication Market are inspected at length. The report also presents a thorough qualitative and quantitative data affecting to the projected impact of these factors on market’s future growth prospects.
A number of analysis tools such as Porter’s five forces analysis and SWOT analysis have been employed to provide an accurate understanding of this market. Also, the report is compiled in a way for the readers and customers to understand better.
Table of Content:
Global Multi-Factor Authentication Market Research Report 2018-2023
Chapter 1 Global Multi-Factor Authentication Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region (2018-2023)
Chapter 5 Supply (Production), Consumption, Export, Import by Regions (2018-2023)
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast (2018-2023)
Chapter 13 Appendix
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