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Multifactor Authentication Market by Model (Two-, Three-, Four-, and Five-Factor), Application (Banking and Finance, Government, Military and Defense, Commercial Security, Consumer Electronics, Healthcare), and Geography - Global Forecast to 2022

Multifactor Authentication Market by Model (Two-, Three-, Four-, and Five-Factor), Application (Banking and Finance, Government, Military and Defense, Commercial Security, Consumer Electronics, Healthcare), and Geography - Global Forecast to 2022

“The multifactor authentication market is likely to grow at a CAGR of 15.52% during the forecast period”
The multifactor authentication market is expected to reach USD 12.51 billion by 2022, at a CAGR of 15.52% during the forecast period. The growth of the market is driven by various factors such as an increase in data breaches and cyber attacks, stringent regulation and the growing pressure of data security compliances and the growing adoption of bring your own devices (BYODs) among enterprises. However, cost and technical complexity in implementing MFA and increase in MFA use/service time are expected to inhibit the market growth for a short period of time.

“Five-factor authentication model would witness a high growth rate during the forecast period”
The market for five-factor authentication is expected to grow at the highest CAGR between 2017 and 2022. Being very high in security, these types of models are mostly used in government applications and a few other applications that require a high-level authentication, which is the main reason behind the adoption of five-factor authentication model.

“Healthcare application market would witness a high growth rate during the forecast period”
The healthcare application is expected to grow at the highest CAGR during the forecast period. In the healthcare application, authentication plays an important role in securing the data and information by authenticating the authorized person for making any transaction, logging in, or performing any administrative process. The healthcare industry follows stringent government and industry regulations and requires a highly secure infrastructure. This made the industry rely on secure authentication process, resulting in high demand for MFA solutions.

“The Americas would dominate the MFA market, while RoW is expected to grow at the highest rate during the forecast period”
The Americas held the largest share of the multifactor authentication market in 2016 owing to the presence of major vendors of multifactor authentication and high regulatory compliance in the region. The market in RoW is expected to grow at the highest CAGR between 2017 and 2022. The growth of the multifactor authentication market in RoW is driven by the growing adoption of modern technologies such as cloud computing and IoT, as well as government initiatives for protecting sensitive data by formulating data security standards.

Given below is the breakdown of the profile of the primary participants in terms of different parameters considered:
• By Company Type: Tier 1—25%, Tier 2—40%, and Tier 3—35%
• By Designation: C-Level Executives—50%, Directors—32%, and Others—18%
• By Region: The Americas—32%, Europe—30%, APAC—24%, and the Middle East & Africa—14%.
The key players operating in this market include Safran (France), Gemalto NV (the Netherlands), NEC Corporation (Japan), 3M (US), CA Technologies (US), Fujitsu (Japan), VASCO Data Security International Inc. (US), HID Global Corporation/ASSA ABLOY AB (Sweden), RSA Security LLC (US), Suprema HQ Inc. (South Korea), and Crossmatch (US).

Research Coverage
In this report, various segments such as type, application, and geography have been covered. It also discusses drivers, restraints, opportunities, and challenges pertaining to the market. The report gives a detailed view of the market across 4 main regions: the Americas, Europe, APAC, and RoW.

Reasons to Buy the Report:
• This report includes the multifactor authentication market sizing in terms of value on the basis of type, application, and geography.
• The value chain analysis and key strategies adopted by the market players have been provided for the multifactor authentication market.
• Major drivers, restraints, opportunities, and challenges for the multifactor authentication market have been provided in detail in this report.
• The report includes illustrative segmentation, analysis, and forecast for the multifactor authentication market based on its segments and subsegments.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTION
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN THE MULTIFACTOR AUTHENTICATION MARKET
    • MULTIFACTOR AUTHENTICATION MARKET, BY APPLICATION
    • MULTIFACTOR AUTHENTICATION MARKET, BY REGION AND MODEL
    • GEOGRAPHIC SNAPSHOT OF THE MULTIFACTOR AUTHENTICATION MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVER
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • REGULATORY LANDSCAPE
      • REGULATORY COMPLIANCES
    • NEW INDUSTRY TRENDS
      • OUT-OF-BAND AUTHENTICATION
      • BUILT-IN FINGERPRINT READERS
      • BAKED-IN AUTHENTICATION
  • MULTIFACTOR AUTHENTICATION MARKET, BY MODEL
    • INTRODUCTION
      • Table GLOBAL MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022 (USD MILLION)
    • TWO-FACTOR AUTHENTICATION
      • Table GLOBAL TWO-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL TYPE, 2014-2022 (USD MILLION)
      • SMART CARD WITH PIN
      • SMART CARD WITH BIOMETRIC TECHNOLOGY
      • BIOMETRIC TECHNOLOGY WITH PIN
      • TWO-FACTOR BIOMETRIC TECHNOLOGY
      • ONE TIME PASSWORD WITH PIN
        • Table TWO-FACTOR AUTHENTICATION MARKET SIZE, BY GEOGRAPHY, 2014-2022 (USD MILLION)
        • Table TWO-FACTOR AUTHENTICATION MARKET SIZE IN THE AMERICAS, BY COUNTRY, 2014-2022 (USD MILLION)
        • Table TWO-FACTOR AUTHENTICATION MARKET SIZE IN EUROPE, BY COUNTRY, 2014-2022 (USD MILLION)
        • Table TWO-FACTOR AUTHENTICATION MARKET SIZE IN APAC, BY COUNTRY, 2014-2022 (USD MILLION)
        • Table TWO-FACTOR AUTHENTICATION MARKET SIZE IN ROW, BY COUNTRY, 2014-2022 (USD MILLION)
    • MULTIFACTOR WITH THREE-FACTOR AUTHENTICATION
      • Table GLOBAL THREE-FACTOR AUTHENTICATION MARKET SIZE, BY TYPE, 2014-2022 (USD MILLION)
      • SMART CARD WITH PIN AND BIOMETRIC TECHNOLOGY
      • SMART CARD WITH TWO-FACTOR BIOMETRIC TECHNOLOGIES
      • PIN WITH TWO-FACTOR BIOMETRIC TECHNOLOGIES
      • THREE-FACTOR BIOMETRIC TECHNOLOGY
        • Table THREE-FACTOR AUTHENTICATION MARKET SIZE, BY GEOGRAPHY, 2014-2022 (USD MILLION)
        • Table THREE-FACTOR AUTHENTICATION MARKET SIZE IN THE AMERICAS, BY COUNTRY, 2014-2022 (USD MILLION)
        • Table THREE-FACTOR AUTHENTICATION MARKET SIZE IN EUROPE, BY COUNTRY, 2014-2022 (USD MILLION)
        • Table THREE-FACTOR AUTHENTICATION MARKET SIZE IN APAC, BY COUNTRY, 2014-2022 (USD MILLION)
        • Table THREE-FACTOR AUTHENTICATION MARKET SIZE IN ROW, BY COUNTRY, 2014-2022 (USD MILLION)
    • MULTIFACTOR WITH FOUR-FACTOR AUTHENTICATION
      • Table FOUR-FACTOR AUTHENTICATION MARKET SIZE, BY GEOGRAPHY, 2014-2022 (USD MILLION)
      • Table FOUR-FACTOR AUTHENTICATION MARKET SIZE IN THE AMERICAS, BY COUNTRY, 2014-2022 (USD MILLION)
      • Table FOUR-FACTOR AUTHENTICATION MARKET SIZE IN EUROPE, BY COUNTRY, 2014-2022 (USD MILLION)
      • Table FOUR-FACTOR AUTHENTICATION MARKET SIZE IN APAC, BY COUNTRY, 2014-2022 (USD MILLION)
      • Table FOUR-FACTOR AUTHENTICATION MARKET SIZE IN ROW, BY COUNTRY, 2014-2022 (USD MILLION)
    • MULTIFACTOR WITH FIVE-FACTOR AUTHENTICATION
      • Table FIVE-FACTOR AUTHENTICATION MARKET SIZE, BY GEOGRAPHY, 2014-2020 (USD MILLION)
      • Table FIVE-FACTOR AUTHENTICATION MARKET SIZE IN THE AMERICAS, BY COUNTRY, 2014-2022 (USD MILLION)
      • Table FIVE-FACTOR AUTHENTICATION MARKET SIZE IN EUROPE, BY COUNTRY, 2014-2022 (USD MILLION)
      • Table FIVE-FACTOR AUTHENTICATION MARKET SIZE IN APAC, BY COUNTRY, 2014-2022 (USD MILLION)
      • Table FIVE-FACTOR AUTHENTICATION MARKET SIZE IN ROW, BY COUNTRY, 2014-2022 (USD THOUSAND)
  • MULTIFACTOR AUTHENTICATION MARKET, BY APPLICATION
    • INTRODUCTION
      • Table GLOBAL MULTIFACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2014-2022 (USD MILLION)
    • BANKING AND FINANCE
      • CASE STUDY: COOPERATIVE FINANCIAL SERVICES (UK)
        • Table MULTIFACTOR AUTHENTICATION MARKET SIZE FOR BANKING AND FINANCE APPLICATION, BY GEOGRAPHY, 2014-2000 (USD MILLION)
    • GOVERNMENT
      • CASE STUDY: GOVERNMENT DEPARTMENT (PUTRAJAYA, MALAYSIA)
        • Table MULTIFACTOR AUTHENTICATION MARKET SIZE FOR GOVERNMENT APPLICATION, BY GEOGRAPHY, 2014-2022 (USD MILLION)
    • TRAVEL AND IMMIGRATION
      • CASE STUDY: THE INTERNATIONAL AIRPORT OF MEXICO CITY (MEXICO)
        • Table MULTIFACTOR AUTHENTICATION MARKET SIZE FOR TRAVEL AND IMMIGRATION APPLICATION, BY GEOGRAPHY, 2014-2022 (USD MILLION)
    • MILITARY AND DEFENSE
      • CASE STUDY: US DEPARTMENT OF DEFENSE (US)
        • Table MULTIFACTOR AUTHENTICATION MARKET SIZE FOR MILITARY AND DEFENSE APPLICATION, BY GEOGRAPHY, 2014-2000 (USD MILLION)
    • COMMERCIAL SECURITY
      • CASE STUDY: CITY POINT (LONDON, UK)
        • Table MULTIFACTOR AUTHENTICATION MARKET SIZE FOR COMMERCIAL SECURITY APPLICATION, BY GEOGRAPHY, 2014-2000 (USD MILLION)
    • HEALTHCARE
      • CASE STUDY: NEMOURS CHILDREN'S HEALTH SYSTEM (FLORIDA, US)
        • Table MULTIFACTOR AUTHENTICATION MARKET SIZE FOR HEALTHCARE APPLICATION, BY GEOGRAPHY, 2014-2000 (USD MILLION)
    • CONSUMER ELECTRONICS
      • Table MULTIFACTOR AUTHENTICATION MARKET SIZE FOR CONSUMER ELECTRONICS APPLICATION, BY GEOGRAPHY, 2014-2000 (USD MILLION)
    • OTHERS
      • Table MULTIFACTOR AUTHENTICATION MARKET SIZE FOR OTHERS, BY GEOGRAPHY, 2014-2000 (USD MILLION)
  • GEOGRAPHICAL ANALYSIS
    • INTRODUCTION
      • Table MULTIFACTOR AUTHENTICATION MARKET SIZE, BY REGION, 2014-2022 (USD MILLION)
    • THE AMERICAS
      • Table THE AMERICAS: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022 (USD MILLION)
      • Table THE AMERICAS: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table THE AMERICAS: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2014-2022 (USD MILLION)
      • US
        • Table US: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022 (USD MILLION)
      • CANADA
        • Table CANADA: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022 (USD MILLION)
      • REST OF THE AMERICAS
        • Table REST OF AMERICAS: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022 (USD MILLION)
      • Table EUROPE: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table EUROPE: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2014-2022 (USD MILLION)
      • GERMANY
        • Table GERMANY: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022 (USD MILLION)
      • UK
        • Table UK: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022 (USD MILLION)
      • FRANCE
        • Table FRANCE: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022 (USD MILLION)
      • ITALY
        • Table ITALY: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022(USD MILLION)
    • APAC
      • Table APAC: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022(USD MILLION)
      • Table APAC: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2014-2022(USD MILLION)
      • Table APAC: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2014-2022(USD MILLION)
      • AUSTRALIA
        • Table AUSTRALIA: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022(USD MILLION)
      • CHINA
        • Table CHINA: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022(USD MILLION)
      • JAPAN
        • Table JAPAN: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022(USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022(USD MILLION)
      • INDIA
        • Table INDIA: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022(USD MILLION)
      • REST OF APAC
        • Table REST OF APAC: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022(USD MILLION)
    • ROW
      • Table ROW: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014-2022(USD MILLION)
      • Table ROW: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2014-2022(USD MILLION)
      • Table ROW: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY REGION, 2014-2022(USD MILLION)
      • Table MIDDLE EAST: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY REGION, 2014-2022(USD MILLION)
      • Table AFRICA: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY REGION, 2014-2022(USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS
      • Table RANKING OF TOP 5 MARKET PLAYERS, 2015
      • NEW PRODUCT LAUNCHES AND DEVELOPMENTS
        • Table NEW PRODUCT LAUNCHES AND DEVELOPMENTS (2014-2017)
      • MERGERS, ACQUISITIONS, AND COLLABORATIONS
        • Table MERGERS, ACQUISITIONS, AND COLLABORATIONS (2014-2016)
      • CONTRACTS, PARTNERSHIPS, AND AGREEMENTS
        • Table CONTRACTS, PARTNERSHIPS, AND AGREEMENTS (2014-2016)
      • EXPANSIONS
        • Table EXPANSIONS (2016)
    • DIVE CHART ANALYSIS
      • VANGUARDS
      • DYNAMIC
      • INNOVATOR
      • EMERGING
    • BUSINESS STRATEGY
    • PRODUCT OFFERINGS
  • COMPANY PROFILE
    • INTRODUCTION
    • SAFRAN
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • NEC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • GEMALTO NV
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • RSA SECURITY LLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • HID GLOBAL CORPORATION/ASSA ABLOY AB
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • 3M
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • CA TECHNOLOGIES
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • FUJITSU
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • VASCO DATA SECURITY INTERNATIONAL, INC.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • SUPREMA HQ INC.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • CROSSMATCH
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
  • EMERGING PLAYERS
    • APERSONA, INC.
      • KEY STRATEGIES
    • BIOMIO
      • KEY STRATEGIES
    • IOVATION INC.
      • KEY STRATEGIES
    • ZK SOFTWARE
      • KEY STRATEGIES
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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