Global Multi-Factor Authentication market is expected to reach USD 6.86 Billion in 2016

Date: 2016-09-12

The use of multiple authentication factors to prove one’s identity is based on the premise that an unauthorized actor is unlikely to be able to supply the factors required for access. Multi-factor authentication (MFA) is a method of computer access control in which a user is only granted access after successfully presenting several separate pieces of evidence to an authentication mechanism – typically at least two of the following categories: 
Knowledge (something they know); 
Possession (something they have);
Inherence (something they are).

Multi-Factor Authentication market is expected to reach USD 6.86 Billion in 2016, growing at a CAGR of 15.3% between 2016 and 2020.

New solution of Multi-Factor Authentication launched by NICE Actimize

NICE Actimize has launched Authentication-IQ, a solution that manages multiple authentication methods across financial institution channels with an integrated strategy in an effort to improve security, customer experience, and cost efficiency.

The solution allows these financial organizations to bridge their authentication and fraud strategies with behavioral analytics that comprehensively take into account a customer’s authentication history along with their account and transactional profiles.

Banking leads the application market at 26.45% followed by Consumer Electronics at 24.12%; in the Commercial Security, the Multi-Factor Authentication has a great utilization with 19.11%; and in government area, it highly counts on the MFA to maintain classified information with 9.07%.

The Multi-Factor Authentication (MFA) Market by application as following:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 001-510-400-8520

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