Tuesday, 13 May 2014

Trend Analysis for Multi-factor Authentication Industry 2014-2018

Multi-factor authentication is a technique for enhancing security systems with the help of two or more forms of authentication that are not related to each other. It is used to develop an extra layer of protection against unauthorized access. A multi-factor authentication system mainly uses credentials such as passwords, pins, mobile phones, security tokens, smart cards, and biometrics for authentication. A multi-factor authentication system relies on the following factors: “something the user knows”, “something the user has”, and “something the user is”. These factors must be authenticated by the user in a multi-factor authentication process.

Analysts forecast the Global Multi-factor Authentication market will grow at a CAGR of 19.31 percent over the period 2013-2018.

Covered in this Report
This report covers the present scenario and the growth prospects of the Global Multi-factor Authentication market for the period 2014-2018. The report covers the different forms of multi-factor authentication solutions, i.e., two-factor authentication and three-factor authentication. To calculate the market size, it considers revenue generated from OTP hardware tokens, smart card-based authentication, and phone-based authentication. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the Global Multi-factor Authentication market. However, it does not include those companies that provide only services and do not have their own product. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market

Key Vendors
  • EMC Corp.
  • Entrust Inc.
  • Gemalto NV
  • VASCO Data Security International Inc.