Global Multi-factor Authentication Market 2015-2019 is a new market research publication announced by Reportstack. Multi-factor authentication solutions are security systems that require two or more types of authentication to verify a transaction. In addition, it acts as a security layer and makes it difficult for an unauthorized person to access a physical location, database, or computing device. Earlier, the majority of systems relied upon two-factor authentication unlike the present multi-factor authentication systems that have three components: something the user knows, something the user has, and something the user is. Increased usage of cellphones for banking and shopping has increased security concerns as well. This has created a considerable preference for three-factor authentication solutions by vendors.
The analysts forecast that the Global Multi-factor Authentication market to grow at a CAGR of 21.1 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Multi-factor Authentication market for the period 2015-2019. The report covers different forms of multi-factor authentication solutions such as two-factor authentication and three-factor authentication. To calculate the market size, it considers the revenue generated from:
• OTP hardware tokens
• Smart card-based authentication
• Phone-based authentication
In addition, the report provides a detailed analysis on the basis of the following:
• Multi-factor authentication product: It includes hardware products such as OTP tokens and smartcard tokens
• Multi-factor authentication services: It includes software and services used for multi-factor authentication. It also includes revenues generated from out-of-band authentication services.
• VASCO Data Security International
Other Prominent Vendors
• Arcot Systems
• Bio-Key International
• CA Technologies
• Deepnet Security
• HID Global
• ID Control
• Phone Factor
• PointSharp AB
• SMS Passcode
• Swivel Secure
• Technology Nexus
Complete report available @ Global Multi-factor Authentication Market 2015-2019.