Multi-Factor Authentication Market

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REPORT DESCRIPTION

The global multi-factor authentication (MFA) market has shown remarkable progress in the recent years and is also

showing attractive market potential for the future. North America and Europe hold the largest market share of the

global MFA market and Asia-Pacific is expected to be the fastest growing region in the coming years. The market is

segmented into three major categories on the basis of model types into: two factor authentication, three factor

authentication, and four factor authentication. It is divided into five major categories on the basis of applications into

government, defense, banking and finance, consumer electronics, healthcare, commercial security, travel and

immigration and transportation and others. The market is further segmented by geography into North America, AsiaPacific, Europe, and the Rest of the World regions.

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This market is driven by factors such as the increasing security concerns for network, PC, and internet security, and

the rising use of multi model authentication in banking and finance. The legislative compliance and increase in

number of smartphones with MFA technology will also act as drivers for the global multi-factor authentication

market. Some of the factors inhibiting the growth of the market are the high initial...