Global Two-Factor Authentication Market 2017-2021


#943568

72pages

Technavio

$ 3500

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About Two-factor Authentication (2FA)

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.

Technavios 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 vendors operating 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 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 analysts time when you purchase this market report. Details are provided within the report.




Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Key market highlights
2FA
Comparison between 2FA and MFA
Advantages of 2FA
Regulations related to MFA
Types of authentication keys
PART 05: Economic overview
PART 06: Market landscape
Market overview
Market assumptions
Market size and forecast
PART 07: Market segmentation by end-user
Global 2FA market by end-user
PART 08: Geographical segmentation
Global 2FA market by geography
Global 2FA market by geography (revenue)
PART 09: Buying criteria
PART 10: Market drivers
Increase in volume of online transactions
High level of security provided by hardware OTP tokens
Adherence to compliance mandates
Impact of drivers
PART 11: Market Challenges
Inconvenience of carrying hardware tokens and vulnerability to threats
Lack of telecom infrastructure in developing countries
Rise in number of technical defects
PART 12: Impact of drivers and challenges
PART 13: Market trends
Introduction of OOB authentication
Emergence of cloud-based 2FA
Growing adoption of unified platforms for authentication purposes
PART 14: Five forces analysis
Five forces analysis
PART 15: Vendor landscape
Competitive scenario
Top-vendor offerings
Vendor matrix
Vendor rating
Vendor highlights
M&A
Description of major vendors
Other prominent vendors
PART 16: Appendix
List of abbreviations
PART 17: Explore Technavio
List of Exhibits
Exhibit 01:FA versus MFA
Exhibit 02: Regulations and their depictions
Exhibit 03: Market assumptions
Exhibit 04: Global 2FA market 2016-2021 ($ billions)
Exhibit 05: Global 2FA market by end-user 2016-2021
Exhibit 06: Global 2FA market by end-user 2016-2021 ($ billions)
Exhibit 07: Global 2FA market by geography 2016-2021
Exhibit 08: Global 2FA market by geography 2016-2021 ($ billions)
Exhibit 09: Buying criteria for 2FA
Exhibit 10: Impact of drivers
Exhibit 11: Impact of drivers and challenges
Exhibit 12: Five forces analysis
Exhibit 13: Product offerings
Exhibit 14: Vendor matrix
Exhibit 15: Vendor rating
Exhibit 16: Vendor highlights
Exhibit 17: M&A of vendors
Exhibit 18: Other prominent vendors