Data security is a primary concern for enterprises, government organizations, and individuals. The popular methods for protecting sensitive data and assets include identity badges, numeric keypads, and PINs. However, these verification methods are vulnerable to hacking attempts. The advanced 2FA solutions prevent data breach by using verification techniques like hardware OTP authentication, smart card-based authentication, phone-based authentication, and biometrics. The 2FA solutions require two types of credentials to verify a person's identity or a transaction. This creates an additional layer of security that makes it difficult for an unauthorized person to access a database or computing device. The surge in online transactions through mobile devices, such as smartphones, laptops, and tablets, for banking and e-commerce, has increased the urgency for 2FA.
Technavio’s analysts forecast the global 2FA market to grow at a CAGR of 23.57% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global 2FA market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of 2FA products and services.
The market is divided into the following segments based on geography: - APAC - Europe - MEA - North America - South America
Technavio's report, Global 2FA Market 2017-2021, 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 - RSA Security - SecurEnvoy - VASCO Data Security International
Other prominent vendors - Authenex - Authentify - Authy - Deepnet Security - DynaPass - Fortinet - HID Global - ID Control - Meontrust - Mi-Token - PointSharp - Protectimus Solutions - SecureAuth - SecurEnvoy - SecurStar - Yubico
Market driver - Increase in volume of online transactions - For a full, detailed list, view our report
Market challenge - Lack of telecom infrastructure in developing countries - For a full, detailed list, view our report
Market trend - Growing adoption of unified platforms for authentication purposes - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 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 vendorsin 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.
Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
Our reports have been used by over 10K customers, including:
This IDC study examines the market share of IAM vendors in 2018, market developments, and who shaped the year."The market continues to mature with the formal arrival of new technology standards like WebAuth, CTAP, and FIDO2, helping eliminate perennial phishing and man-in-the-middle (MITM) attacks," says Jay Bretzmann, research director for...
180 pages •
By Asia Market Information & Development Company
• Apr 2019
China’s demand for Smart Card has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
Market Overview The network forensics market was valued at USD 1.75 billion in 2018, and is expected to reach USD 3.82 billion by 2024, at a CAGR of 14.9%, over the forecast period (2019-2024). - As enterprises are continuously being targeted by hackers, and the malware are circumventing existing security systems...
This IDC study analyzes the enterprise mobility management software market in 2018, ranking the top 15 vendors by revenue and providing the market trends and events that helped shape the market landscape in 2018."The proliferation of 'screens' -- mobile devices, tablets, and other connected computing endpoints -- across business use cases...
The Asia-Pacific Security Information and Event Management market accounted for US$ 601.8 Mn in 2018 and is expected to grow at a CAGR of 10.4% over the forecast period 2019–2027, to account for US$ 1,453.5 Mn in 2027. Factors including rising spending on Cybersecurity solutions by large and medium enterprises and boosting cyber threats across...
158 pages •
By Global Industry Analysts
• May 2019
This report analyzes the worldwide markets for Access Control as a Service (ACaaS) in US$ Thousand. The Global market is further analyzed by the following Service Models: Managed Services, and Hosted Services. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle...
The rising demand for safety & security features and technological advancements in the automotive industry are significant factors for growth the of vehicle access control market globally. The vehicle access control market is projected to grow from USD 10.8 billion in 2020 to reach USD 22.6 billion by 2027, at a CAGR...
211 pages •
By Persistence Market Research
• Mar 2019
Report Synopsis This report offers a ten-year forecast study for the global consumer identity and access management market for the forecast period of 2018 to 2028. Consumer identity and access management software solutions are estimated to be the most attractive in terms of market value, during the forecast period, as compared...
90 pages •
By Netscribes (India) Pvt. Ltd.
• Mar 2019
The global cybersecurity market is expected to witness high adoption, owing to rapid digitalization, higher spending on information security, and the advent of 5G. Various industrial and commercial sectors are implementing cybersecurity solutions to safeguard their data. The market is anticipated to expand at a compound annual growth rate...
Global Application Security Market Research Report Forecast to 2023 Introduction Application Security is the utilization of software, hardware, and measures that are adopted by enterprises to identify, fix and protect applications against external threats and vulnerabilities such as denial of...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.