Global Multi-factor Authentication Market 2010-2014

Countries covered: Global TechNavio’s analysts forecast the Global Multi-factor Authentication market to grow at a CAGR of 19.9 percent over the period 2010-2014. One of the key factors contributing to this market growth is the rise in advanced threats such as advanced persistent threats (APTs). The Global Multi-factor Authentication market has also been witnessing a continuous shift toward phone-based authentication and the growing usage of one-time password (OTP) in financial services companies. However, high initial deployment cost and the high cost of replacement could pose a challenge to the growth of this market. Key vendors dominating this market space include RSA, Gemalto N.V., VASCO Data Security International Inc., SecureAuth, Entrust Inc., and ActivIdentity Corp. TechNavio’s Global Multi-factor Authentication Market 2010-2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the Americas, EMEA, and APAC regions and covers different forms of multi-factor authentication such as two-factor authentication, three-factor authentication, and hybrid authentication. Further, the report provides an analysis on vendors that offer two-factor and/or three-factor and/or hybrid solutions to end-users in terms of both software/product/license revenue and services revenue. It also covers companies that may have only two-factor authentication solutions such as hardware token or software token and have entered into partnership with biometric authentication providers to offer three-factor authentication solutions. Companies that offer only single-factor authentication solution (only single sign-on (SSO)) are not included in the report. Further, the report does not include those companies that provide only services and do not have their own product. Key questions answered in this report: What will the market size be in 2014 and at what rate will it grow? What key trends is this market subject to? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the opportunities and threats faced by each of these key vendors? What are the strengths and weaknesses of each of these key vendors?

Additional Information


Press Release

TechNavio Announces the Publication of its Report on the Global Multi-factor Authentication Market 2010-2014

TechNavio today launched its report on the Global Multi-factor Authentication Market 2010-1014. The report, which is based on an in-depth study of countries in the Americas and in the EMEA and APAC regions, aims to aid decision makers understand the key trends impacting this market.

Commenting on the report, an analyst from TechNavio’s IT Security team said, “The major trends in the Global Multi-factor Authentication market is the continuous shift toward phone-based authentication and the growing usage of OTP by financial services companies. Since phone-based authentication offers a number of benefits over hardware token-based secure authentication such as inexpensive solutions, easy implementation etc., this form is finding increasing acceptance. Some of the other trends in the market are increasing SMB-specific offerings, convergence of biometrics in two-factor authentication, expected usage of mobile phones with near field communication (NFC), and the Enterprise and Application Security sector becoming the major end-user.”

According to the report, the major driver of the Multi-factor Authentication market is the rise in advanced threats such as APTs. The growing complexity of advanced threats has made it difficult for companies to secure their network with simple single-factor authentication. Hence, companies are compelled to adopt multi-factor authentication products. The report also discusses price-based competition and how this might affect market growth.

The contents of this report are based on research conducted on an objective combination of primary and secondary sources, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.

TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies.

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