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.
