Global Two-factor Biometrics Market 2016-2020

Global Two-factor Biometrics Market 2016-2020

  • June 2016 •
  • 58 pages •
  • Report ID: 3938147 •
  • Format: PDF
About the Two-Factor Biometrics Market

The rising occurrences of criminal activities in the BFSI, PCI, government, and healthcare, sectors are leading to a higher demand for cyber security solutions. There is a heightened need for highly reliable personal authentication and identification systems to reduce security risks. Two-factor biometric solutions are used to ensure physical and information security. Here, the user needs to provide the second piece of information — a code, a temporary password, or a finger swipe — to access credentials. If the user is unable to provide the correct information, the account remains locked.

Technavio’s analysts forecast the global two-factor biometrics market to grow at a CAGR of 22.87% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global two-factor biometrics market for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of two-factor biometric products and services.
- Two-factor biometric products include hardware products such as one-time password (OTP) tokens, USB tokens, mini tokens, and subscriber identity module (SIM) tokens
- Two-factor biometric services include software and services such as OTP software and software-based security tokens. They also include out-of-band authentication (OOB) services and cloud-based two-factor authentication services.

The market is divided into the following segments based on geography:
- Europe
- North America
- South America

Technavio's report, Global Two-Factor Biometrics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendorsoperating in this market.

Key vendors
- Entrust
- Gemalto

Other prominent vendors
- Authenex
- Authentify
- Authy
- Deepnet Security
- DynaPass
- Fortinet
- HID Global
- Meontrust
- Mi-Token
- PointSharp
- Protectimus Solutions
- SecureAuth
- SecurEnvoy
- SecurStar
- SecuTech Solutions
- Swivel Secure

Market driver
- Growing number of online transactions
- For a full, detailed list, view our report

Market challenge
- Vulnerability of hardware devices to physical damage
- For a full, detailed list, view our report

Market trend
- Increasing adoption of two-factor biometrics by SMBs
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.


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