Multi-factor authentication deals with identifying and authenticating an individual based on the factors provided by him/her. The factors come under the following broad categories: “Something he/she knows”, “something he/she has”, and “something he/she is”. The factors can be any of the following: – biological traits, passwords & PINs, hardware tokens and others. One Time Password or OTP, is one of the emerging authentication factor, and is gaining popularity across every region.
MFA is popular due to the high degree of security and is much better than a single username and password combination. Different models of MFA have found various applications in verticals: BFSI, government, immigration & travel, commercial security, electronics and healthcare.
Rise in security needs across enterprises and government agencies, legislative compliances, and growth of cloud technologies are the some of the major drivers for the growth of market. Organizations are preferring cloud-based authentication solutions because of its pay per use model, reliability, and potential in reducing associated maintenance costs. Several central governments are also investing on MFA projects. The Multi-factor Authentication (MFA) market is segmented by type, verticals, and regions. Some of the major vendors present in the market are RSA Security, Gemalto, Fujitsu, NEC, Safran SA, 3M, and HID Global.
The study covers and analyses the “Multi-Factor Authentication” market. Bringing out the complete key insights of the industry, the reports aim to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.
1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 PESTEL Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.3 SAM as a Segment of TAM
3.4 Related Markets
4 Market Outlook
4.4 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Market Trends
5.2 Value Chain
5.3 Market Dynamics
5.4 DRO – Impact Analysis
5.5 Key Stakeholders
6 Model Types: Market Size and Analysis
7 Verticals: Market Size and Analysis
7.5 Travel & immigration
8 Regions: Market Size and Analysis
8.4 Asia Pacific
9 Competitive Analysis
9.3 RSA Security
Includes other major vendors
10 Vendor Profiles*
10.2 RSA Security
Includes other major vendors
11 Companies to Watch for #
12 Expert’s Views
* Vendor profiles will include: overview, business units, geographical revenue, recent developments, business focus, SWOT, and business strategy
# Companies to watch for will include small private players present in the market
Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
Market related information is congregated from both primary and secondary sources.
Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.