Multi-factor Authentication market globally grow tremendously at a CAGR of about 22.65% by 2021

ResearchMoz presents professional and in-depth study of “Global Multi-factor Authentication Market 2017-2021”.

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.

Technavios analysts forecast the global multi-factor authentication market to grow at a CAGR of 22.65% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global multi-factor authentication market for 2017-2021. To calculate the market size, the report considers multi-factor authentication products that include hardware products such as one-time password (OTP) tokens, USB tokens, mini tokens, subscriber identification module (SIM) tokens, and smart card tokens.

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The market is divided into the following segments based on geography:

Technavios report, Global Multi-factor Authentication Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
RSA Security
VASCO Data Security International

Other prominent vendors
CA Technologies
Deepnet Security
Early Warning Services
HID Global
SecuTech Solutions
Swivel Secure

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Market driver
High-level security provided by hardware OTP tokens
For a full, detailed list, view our report

Market challenge
Increase in cost of OTP tokens
For a full, detailed list, view our report

Market trend
Emergence of cloud-based multi-factor authentication
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
What are the strengths and weaknesses of the key vendors?

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