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(USGovernment-News.Com, March 15, 2018 ) 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.
Publisher's analysts forecast the global multi-factor authentication market to grow at a CAGR of 22.65% during the period 2017-2021.
The need to adhere to compliance mandates will be one of the major factors that will have a positive impact on the growth of the market. There is an increasing concern about data privacy across the globe. Numerous countries have introduced countermeasures by formulating regulations like HIPAA for the healthcare sector and the Gramm-Leach-Bliley Act (GLBA), Basel II, PCI DSS, and SOX for the BFSI sector. These regulations offer complete guidelines related to end-user authentication that are essential before granting users access to confidential data.
Key vendors -Entrust -Gemalto -RSA Security -SecureAuth -VASCO Data Security International
Other prominent vendors -CA Technologies -Deepnet Security -Early Warning Services -Fujitsu -HID Global -IBM -Safran -SecurEnvoy
Market driver -High-level security provided by hardware OTP tokens
Market challenge -Increase in cost of OTP tokens
Market trend -Emergence of cloud-based multi-factor authentication
Fundamentals of Table of Content:
PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Global construction market PART 06: Market drivers PART 07: Market trends PART 08: Global AEC market PART 09: Market segmentation by product PART 10: Geographical segmentation PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Five forces model PART 14: Key vendor analysis PART 15: Key vendor profiles
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