Multi-Factor Authentication (MFA) Market by Authentication Model 2021 | IndustryARC
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Multi-Factor Authentication (MFA) Market
Multi-Factor Authentication (MFA) Market Analysis: by Authentication Model (Two-factor, Three-factor, Four-factor and Five-factor); Application (Government, Travel & Immigration, Banking & Finance, Defense, Retail and Others) and Geography – Forecast 2016-2021
Report Code : ESR 0093
Published: 11 January, 2016   No. of pages: 144

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Multi-Factor Authentication (MFA) is used to authenticate a person on the basis of factors provided by an individual. The authentication factors are classified under three categories that include ‘Something you know’, ‘Something you are’ and ‘Something you have’. These three factors can be PIN, hardware tokens, biological traits and passwords among others. OTP – One Time Password is another type of authenticating factor that has gained worldwide popularity and is being used widely across all applications. Multi-factor authentication provides a high degree of security, thereby ensures confidentiality of sensitive and personal information. The technology is superior to the traditional technology wherein only one-factor authentication such as username and PIN/password could be guessed/forgotten easily.

The global multi-factor authentication market is driven by the increasing national and network security threats coupled with stringent legislative compliances to be observed across various applications. In addition, a significant spurge in online transactions owing to an exponential rise in e-commerce industry has further fueled the global multi-factor authentication market. Furthermore, the availability of cloud-based MFA technology has limited maintenance costs associated typically with software/hardware-based two-factor or three-factor authentications. A number of organizations are switching towards adopting cloud-based authentication solutions owing to their cost effective pay-per-use model, improved scalability and reliability, ease of upgrades and installation and lesser maintenance costs. The global multi-factor authentication market is segmented as follows:

By Authentication Model: Two-factor Authentication (Pin with Biometric Technology, Pin with Smart Card, Two-Factor Biometric Technology, Biometric Technology with Smart Card and OTP With Pin), Three-factor Authentication (Three-Factor Biometric Technology, Biometric Technology with Smart Card and Pin, Two-Factor Biometric Technology with Pin and Smart Card With Two-Factor Biometric Technology), Four-factor Authentication and Five-factor Authentication.

By Application: Government, Travel & Immigration, Banking & Finance, Defense, Commercial Security, Healthcare, Consumer Electronics, Retail and Others.

Multi-Factor Authentication (MFA) Market

Lastly, the global multi-factor authentication market is segmented by regions into North America, Asia Pacific (APAC), Europe and Rest of the World (RoW). North America multi-factor authentication market accounts for the largest revenue share currently and is expected to be one of the most prominent market during the forecast period. Europe and Asia Pacific are expected to be key regions for the global multi-factor authentication market owing to rapid digitization and increase in e-commerce across various applications.

Some of the key players operating in the global multi-factor authentication market are:
  • The 3M Company (U.S.)
  • Safran SA (France)
  • CA Technologies (U.S.)
  • RSA Security LLC (U.S.)
  • Gemalto NV (Netherlands) among others.
1. Multi-Factor Authentication – Market Overview
2. Executive Summary
3. Multi-Factor Authentication – Market Landscape

   3.1. Market Share Analysis
   3.2. Comparative Analysis
      3.2.1. Product Benchmarking
      3.2.2. End User Profiling
      3.2.3. Top 5 Financials Analysis
4. Multi-Factor Authentication – Market Forces
   4.1. Market Drivers
   4.2. Market Constraints
   4.3. Market Challenges
   4.4. Attractiveness of the Multi-Factor Authentication Industry
      4.4.1. Power of Suppliers
      4.4.2. Power of Customers
      4.4.3. Threat of New Entrants
      4.4.4. Threat of Substitution
      4.4.5. Degree of Competition
5. Multi-Factor Authentication Market – Strategic Analysis
   5.1. Value Chain Analysis
   5.2. Pricing Analysis
   5.3. Opportunities Analysis
   5.4. Suppliers/Distributors Analysis
6. Multi-Factor Authentication Market – By Authentication Model:
   6.1. Introduction
   6.2. Two-factor Authentication
      6.2.1. Biometric Technology With Pin
      6.2.2. Smart Card With Pin
      6.2.3. Two-Factor Biometric Technology
      6.2.4. Smart Card With Biometric Technology
      6.2.5. One Time Password With Pin
   6.3. Three-factor Authentication
      6.3.1. Three-Factor Biometric Technology
      6.3.2. Smart Card With Pin and Biometric Technology
      6.3.3. Pin With Two-Factor Biometric Technologies
      6.3.4. Smart Card With Two-Factor Biometric Technologies
   6.4. Four-factor Authentication
   6.5. Five-factor Authentication
7. Multi-Factor Authentication Market – By Application:
   7.1. Introduction
   7.2. Government
   7.3. Travel & Immigration
   7.4. Banking & Finance
   7.5. Defense
   7.6. Commercial Security
   7.7. Healthcare
   7.8. Consumer Electronics
   7.9. Retail
   7.10. Others
8. Multi-Factor Authentication Market- By Geography:
   8.1. Introduction
   8.2. North America
      8.2.1. U.S.
      8.2.2. Canada
      8.2.3. Mexico
      8.2.4. Rest of North America
   8.3. Europe
      8.3.1. France
      8.3.2. Germany
      8.3.3. Italy
      8.3.4. Spain
      8.3.5. U.K
      8.3.6. Rest of Europe
   8.4. APAC
      8.4.1. Australia
      8.4.2. China
      8.4.3. India
      8.4.4. Japan
      8.4.5. Rest of APAC
   8.5. ROW
      8.5.1. Middle East & Africa
      8.5.2. South America
9. Market Entropy
   9.1. New Product Launches
   9.2. M&As, Collaborations, JVs and Partnerships
10. Company Profiles
   10.1. The 3M Company
   10.2. Safran SA
   10.3. Gemalto NV
   10.4. NEC Corporation
   10.5. RSA Security LLC
   10.6. Fujitsu Ltd.
   10.7. Hid Global Corporation
   10.8. CA Technologies
   10.9. Cross Match Technologies, Inc
   10.10. Suprema, Inc.
   10.11. Vasco Data Security International, Inc.
*More than 40 Companies are profiled in this Research Report, Complete List available on Request*
"*Financials would be provided on a best efforts basis for private companies"
11. Appendix

   11.1. Abbreviations
   11.2. Sources
   11.3. Research Methodology
   11.4. Bibliography
   11.5. Compilation of Expert Insights
   11.6. Disclaimer
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