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Multi-Factor Authentication (MFA) Market by Model (Two, Three, Four, and Five Factor), Application (Travel & Immigration, Government, Banking, Defense, Commercial Security, Consumer Electronics, Healthcare), and Geography - Global Forecast to 2020

Multi-Factor Authentication (MFA) Market by Model (Two, Three, Four, and Five Factor), Application (Travel & Immigration, Government, Banking, Defense, Commercial Security, Consumer Electronics, Healthcare), and Geography - Global Forecast to 2020

Multi-factor authentication is a vast market with a huge scope for growth. The MFA technology plays an important role because it helps to meet legislative compliances, security needs, inter border security requirements, enterprise data securities, and so on. Banking and finance, travel and immigration, defense and cyber security applications are deploying MFA on a large scale.

The major drivers of the MFA market are the initiatives taken by governments of several countries to invest in the government-based operations and the rolling out of regulations for others to increase the security of the user. Moreover, MFA is extensively being used for user authentication and to reduce financial frauds, phishing, to avoid data breach and so on, this is mainly because of the increase in online trading and online transactions. The major restraint for the MFA market is that people in some regions consider multi-model authentication as offensive, unpleasant, invasive, and an awkward act. The major challenge for the market is ensuring the security of data so that it cannot be intercepted and misused. The life cycle of multi-factor authentication market, by model portrays that four-factor and five-factor are in the introduction stage, three-factor is in the growth stage, whereas two-factor is at the maturity stage.

Global MFA market was valued at USD 3.60 billion in 2014 and it is expected to reach USD 9.60 billion by 2020, at an estimated CAGR of 17.7%. Government, banking & finance, and healthcare will be the key application areas of the MFA market.

Two-factor authentication is the most used authentication models followed by three-factor, four-factor, and five-factor authentication, respectively. The U.S. is the global leader in MFA technology consumption. North America leads the market followed by Europe and APAC based on region. In applications, banking & finance is the major contributor, whereas healthcare, government, and commercial security are expected to play an important role.

The major players that offer various products in the MFA market are RSA Security, LLC (U.S.), Vasco Data Security (U.S.), Gemalto NV (Netherlands), Safran SA (France), Fujitsu, Ltd. (Japan), CA Technologies (U.S.), NEC Corporation (Japan), and Cross Match Technologies (U.S.) among others.

1.1 AVAILABLE CUSTOMIZATIONS
With the given market data, MarketsandMarkets offers customizations as per the Company’s specific needs. The following customization options are available for the report:
Geographic Analysis
Further breakdown of the North American MFA market into countries such as U.S., Canada, Mexico, and Rest of North America
Comprehensive coverage of regulations followed in each region (Americas, APAC, and Europe)
Company Information
Detailed analysis and profiling of additional market players (Up to 5).


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY & PRICING
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • DEMAND SIDE ANALYSIS FOR MULTI-FACTOR AUTHENTICATION MARKET
      • DEMAND-SIDE ANALYSIS
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
      • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN MFA MARKET
    • TWO-FACTOR AUTHENTICATION MODEL MARKET: BY GEOGRAPHY
    • MFA MARKET IN THE ASIA-PACIFIC REGION
    • MFA IN BANKING & FINANCE APPLICATION MARKET, BY GEOGRAPHY
    • LIFE CYCLE ANALYSIS, BY GEOGRAPHY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • MARKET, BY MODEL
      • MARKET, BY APPLICATION
      • MARKET, BY GEOGRAPHY
    • MARKET EVOLUTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table LEGISTATIVE COMPLIANCES AND INCREASING NATIONAL AND NETWORK SECURTY THREATS PROPELS THE GROWTH OF THE MULTI-FACTOR AUTHENTICATION MARKET
      • RESTRAINTS
        • Table INCREASE IN MFA USAGE SERVICE TIME ACT AS A HINDERANCE TO THE MULTI-FACTOR AUTHENTICATION MARKET
      • OPPORTUNITIES
        • Table INTRODUCTION OF MFA IN GAMING INDUSTRY IS A HUGE OPPORTUNITY FOR THE MULTIFACTOR AUTHENTICATION MARKET
      • CHALLENGES
        • Table SECURITY OF DATA IS THE MAJOR CHALLENGE FOR THE MULTI-FACTOR AUTHENTICATION MARKET
      • BURNING ISSUE
      • WINNING IMPERATIVE
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • Table THE PORTER'S FIVE FORCES ANALYSIS: HIGH DEGREE OF COMPETITION IS LIKELY TO HAVE A MAXIMUM IMPACT ON THE OVERALL MARKET,2014
      • INTENSITY OF COMPETITIVE RIVALRY
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF NEW ENTRANTS
  • MULTI-FACTOR AUTHENTICATION MARKET, BY MODEL
    • INTRODUCTION
      • Table GLOBAL MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODELS, 2013-2020 (USD MILLION)
      • TWO-FACTOR AUTHENTICATION MODEL
        • Table GLOBAL TWO-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL TYPE, 2013-2020 (USD MILLION)
        • Table TWO-FACTOR AUTHENTICATION MARKET SIZE, BY GEOGRAPHY, 2013-2020 (USD MILLION)
        • Table NORTH AMERICA: TWO-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table EUROPE: TWO-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table APAC: TWO-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table ROW: TWO-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
      • MULTI-FACTOR WITH THREE-FACTOR AUTHENTICATION
        • Table GLOBAL THREE-FACTOR AUTHENTICATION MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
        • Table THREE-FACTOR AUTHENTICATION MARKET SIZE, BY GEOGRAPHY, 2013-2020 (USD MILLION)
        • Table NORTH AMERICA: THREE-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table EUROPE: THREE-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table APAC: THREE-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table ROW: THREE-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
      • MULTI-FACTOR WITH FOUR-FACTOR AUTHENTICATION
        • Table FOUR-FACTOR AUTHENTICATION MARKET SIZE, BY GEOGRAPHY, 2013-2020 (USD MILLION)
        • Table NORTH AMERICA: FOUR-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table EUROPE: FOUR-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table APAC: FOUR-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table ROW: FOUR-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
      • MULTI-FACTOR WITH FIVE-FACTOR AUTHENTICATION
        • Table FIVE-FACTOR AUTHENTICATION MARKET SIZE, BY GEOGRAPHY, 2013-2020 (USD MILLION)
        • Table NORTH AMERICA: FIVE-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table EUROPE: FIVE-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table APAC: FIVE-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table ROW: FIVE-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
  • MULTI-FACTOR AUTHENTICATION MARKET, BY APPLICATION
    • INTRODUCTION
      • Table MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
    • TRAVEL & IMMIGRATION
      • Table MULTI-FACTOR AUTHENTICATION MARKET SIZE FOR TRAVEL & IMMIGRATION APPLICATION, BY GEOGRAPHY, 2013-2020 (USD MILLION)
    • GOVERNMENT
      • Table MULTI-FACTOR AUTHENTICATION MARKET SIZE FOR GOVERNMENT APPLICATION, BY REGION , 2013-2020 (USD MILLION)
    • DEFENSE
      • Table MULTI-FACTOR AUTHENTICATION MARKET SIZE FOR DEFENSE APPLICATION, BY REGION , 2013-2020 (USD MILLION)
    • BANKING & FINANCE
      • Table MULTI-FACTOR AUTHENTICATION MARKET SIZE FOR BANKING & FINANCE APPLICATION, BY REGION , 2013-2020 (USD MILLION)
    • COMMERCIAL SECURITY
      • Table MULTI-FACTOR AUTHENTICATION MARKET SIZE FOR COMMERCIAL SECURITY APPLICATION, BY REGION , 2013-2020 (USD MILLION)
    • CONSUMER ELECTRONICS
      • Table MULTI-FACTOR AUTHENTICATION MARKET SIZE FOR CONSUMER ELECTRONICS APPLICATION, BY REGION , 2013-2020 (USD MILLION)
    • HEALTHCARE
      • Table MULTI-FACTOR AUTHENTICATION MARKET SIZE FOR HEALTHCARE APPLICATION, BY REGION , 2013-2020 (USD MILLION)
    • OTHERS
      • Table MULTI-FACTOR AUTHENTICATION MARKET SIZE FOR OTHER APPLICATION, BY GEOGRAPHY, 2013-2020 (USD MILLION)
  • MULTI-FACTOR AUTHENTICATION MARKET, BY GEOGRAPHY
    • INTRODUCTION
      • Table MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • Table NORTH AMERICA: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
      • Table NORTH AMERICA: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
      • U.S.
        • Table U.S.: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • CANADA
        • Table CANADA: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • MEXICO
        • Table MEXICO: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
    • EUROPE
      • Table EUROPE: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • Table EUROPE: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
      • Table EUROPE: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
      • GERMANY
        • Table GERMANY: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • U.K.
        • Table U.K.: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • FRANCE
        • Table FRANCE: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • ITALY
        • Table ITALY: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
        • Table REST OF EUROPE: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
    • APAC
      • Table APAC: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • Table APAC: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
      • Table APAC: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
      • AUSTRALIA
        • Table AUSTRALIA: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • CHINA
        • Table CHINA: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • JAPAN
        • Table JAPAN: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • INDIA
        • Table INDIA: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD THOUSAND)
        • Table REST OF APAC: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD THOUSAND)
    • ROW
      • Table ROW: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • Table ROW: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
      • Table ROW: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
      • Table MIDDLE EAST: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • Table AFRICA: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
      • Table OTHERS: MULTI-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2013-2020 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING FOR MULTI-FACTOR AUTHENTICATION MARKET, 2014
      • Table MARKET RANKING OF THE TOP 5 PLAYERS IN THE MULTI-FACTOR AUTHENTICATION MARKET, 2014
    • COMPETITIVE SCENARIO
    • RECENT DEVELOPMENTS
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2013-2015
      • PARTNERSHIPS, AGREEMENTS, AND CONTRACTS & COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, AND CONTRACTS & COLLABORATION, 2013-2015
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS, 2012-2015
  • COMPANY PROFILES
    • INTRODUCTION
    • SAFRAN SA
      • BUSINESS OVERVIEW
      • PRODUCTS & OTHER OFFERINGS
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NEC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS & OTHER OFFERINGS
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • 3M
      • BUSINESS OVERVIEW
      • PRODUCTS & OTHER OFFERINGS
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GEMALTO NV
      • BUSINESS OVERVIEW
      • PRODUCTS & OTHER OFFERINGS
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • RSA SECURITY LLC.
      • BUSINESS OVERVIEW
      • PRODUCTS & OTHER OFFERINGS
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CA TECHNOLOGIES
      • BUSINESS OVERVIEW
      • PRODUCTS & OTHER OFFERINGS
      • RECENT DEVELOPMENTS
    • FUJITSU LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS & OTHER OFFERINGS
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SUPREMA, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS & OTHER OFFERINGS
      • RECENT DEVELOPMENTS
    • VASCO DATA SECURITY INTERNATIONAL, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS & OTHER OFFERINGS
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CROSS MATCH TECHNOLOGIES, INC
      • BUSINESS OVERVIEW
      • PRODUCTS & OTHER OFFERINGS
      • RECENT DEVELOPMENTS
    • HID GLOBAL CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS & OTHER OFFERINGS
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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