Multi-Factor Authentication Market

Date: 2016-05

Multi-factor authentication has enabled greater level of security with consumer friendly experience. Easy-to-use specialty of multi-factor authentication has given rise to huge adoption rate in almost all possible applications. Smartcards and biometrics are the most important pillars of this technology. Multi-factor authentication uses different level of authentication such as two-level, three-level, four-level, and five-level, all of which are exhaustively covered in the report. A two-level authentication can include biometrics with smart card, biometrics with pin, pin with smart card, or one-time-password (OTP) with pin. Similarly, three-level will include smartcard with pin and biometrics or three-factor biometrics and so on.

The multi-factor authentication finds its application in almost all major industry verticals such as automotive, aerospace & defense, border security, travel & migration, border & security, residential, commercial, consumer electronics, and healthcare among others. All these major application segments of multi-factor authentication have been covered in the report exhaustively with focus on its sub-segments. The biometric technology in one of the fastest growing technologies in the multi-factor authentication market, owing to its technological advancements over other technologies such as PIN, OTP, and smartcards. Fingerprint sensing, IRIS, gesture recognitions are some of the major technologies that are covered under biometrics.

Multi-factor Authentication Market

The report gives insightful information about the different driving and restraining factors impacting the multi-factor authentication market. The opportunities in terms of application, technological advancements, and geographic reach are also analyzed in the report. The demand and supply side factors, value chain analysis, pricing analysis, and mapping of suppliers and end-users with manufacturers are also covered in the report.

The geographical market analysis is covered exhaustively in the report with special focus on different regions such as North America, Europe, APAC, Latin America, and Middle-East and Africa. The U.S., Canada, Germany, the U.K., and Japan are some of the major markets for this technology; whereas China, India, and Brazil are expected to bring new opportunities for the multi-factor authentication market.

The report also gives detailed insights on the competitiveness of the market under market entropy section. The major strategies adopted are new product launches, mergers & acquisitions, partnerships, agreements, and collaborations among others.

The leading players profiled in the report include:
Safran SA
NEC Corporation
Cross Match Technologies, Inc
Hid Global Corporation

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