1. Multi-Factor Authentication Market Forecasts $5.45 billion
by 2017 in New Research Report at ReportsnReports.com
Dallas, TX (PRWEB) December 08, 2012
The global multi-factor authentication (MFA) market which includes different types of
authentication and applications is expected to reach $ 5.45 billion by 2017 at an estimated
CAGR of 17.3% from 2012 to 2017. Two-factor authentication is most widely used MFA model
in the world with smartcard with PIN and one time password (OTP) are the most popular
technique. Biometric based MFA models are growing at a fast rate. North America and Europe
covers most of the market, whereas APAC has the fastest growing region.
Some of the key developments in the multi-factor authentication (MFA) market Microsoft (U.S.)
buying PhoneFactor (U.S.) in October 2012. In July 2012, Apple Inc. (U.S.) bought AuthenTec
(U.S.). L1 Identity, a biometric technology company was bought by Sagem Morpho (France).
Several other acquisitions, mergers, new product launch, agreements etc. have happened and
are discussed in the report.
The report estimates the multi factor authentication market, forecasts the size of MFA
technologies by models, by applications, and by geography from 2012 to 2017. It talks about the
latest events in the market under winning imperatives and burning issues. We further segment
the models by two-factor authentication, three-factor authentication, four-factor authentication,
and five-factor authentication. These models are used in different industries according to the
security requirements. Two-factor and three-factor authentication models are further segmented
into different types of models.
This report segregates the overall multi-factor authentication market into various application
areas such as government, defence, banking and finance, travel and immigration, healthcare,
consumer electronics, commercial security, and others. Increasing security concerns, use of
MFA in banking & finance, use of MFA via smartphones, increasing cybercrime, etc. give rise to
MFA market.
This report deals with all the driving factors, restraints, and opportunities with respect to the
MFA market, which are helpful in identifying trends and key success factors for the industry. It
also profiles companies active in the field of MFA technology. The report provides the
competitive landscape of the players, which covers key growth strategies followed by all the
major players. It also highlights the winning imperatives and burning issues pertaining to the
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2. MFA industry. It does analyze the MFA technology market with the help of Porters five-force
model.
Scope of the report
This research report categorizes the global MFA technology, based on types of authentication
and applications market; it also covers the forecasted revenue from 2012 to 2017 and future
applications of MFA market. It also shows the various activities that are being conducted by
different institutes and universities. It describes the deployments of MFA technology in various
regions. The report describes the applications mapping the MFA market with respect to the
growth potential and adoption by the users.
On the basis of types of authentication (Model)
The global MFA market is categorized into various models such two-factor, three-factor,
four-factor, and five-factor authentication. Two-factor authentication is further segmented into
smartcard with PIN, smartcard with biometric technology, PIN with biometric technology and two
biometric technologies. Similarly, a three-factor authentication model is segmented into
smartcard with PIN and biometric technology, smartcard with two biometric technologies, PIN
with two biometric technologies, and three biometric technologies.
On the basis of application areas
Application areas of biometric technology have been categorized into government, travel and
immigration, defense, banking and finance, healthcare, consumer electronics and commercial
security.
On the basis of geography
Geographical analysis covers North America, Europe, Asia-Pacific, and ROW. In this report,
North America is further segregated by countries such as U.S., Canada, and Mexico. Europe is
further segregated into Germany, U.K., France, Italy, and others. APAC is segregated into
Australia, China, Japan, South Korea, and India. ROW is segregated into Africa and Middle
East.
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Company Profiles (Overview, Financials, Products & Services, Strategy, and Developments)
1.????3M
2.????ActiveIdentity inc.
3.????Confident Technologies
4.????CROSS MATCH TECHNOLOGIES
5.????DEEPNET SECURITY Ltd.
6.????Entrust, inc.
7.????EZMCOM INC.
8.????Fujitsu
9.????Gemalto
10.????Identive Group
11.????Lumidigm
12.????NEC CORP
13.????Passfaces
14.????RCG Holding
15.????RSA Security
16.????sAFETIC
17.????Sagem Morpho
18.????Secugen
19.????SECURENVOY LTD.
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4. 20.????SMS PASSCODE A/S
21.????SUPREMA, INC.
22.????Technology Nexus AB
23.????WATCHDATA TECHNOLOGIES
24.????ZK Software
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