Two Factor Authentication (MFA) Market by Model (Two, Three, Four, and Five Factor)

Multi-Factor Authentication (MFA) Market by Model (Two, Three, Four, and Five Factor), Application (Travel & Immigration, Government, Banking, Defense, Commercial Security, Consumer Electronics, Healthcare), and Geography - Global Forecast to 2020 Multi-Factor Authentication (MFA) Market is expected to reach USD 9.60 Billion by 2020, growing at a CAGR of 17.7% between 2015 and 2020.

Multi-factor authentication can be described as authenticating a person on the basis of factors provided by that person. The factors can be classified under three broad categories: “Something you have”, “Something you know”, and “Something you are”. These three factors can be hardware tokens, PIN, passwords, biological traits, and so on.

Another type of authenticating factor is OTP (One Time Password), which is gaining popularity in Europe and North America.

Browse 71 tables and 80 figures spread through 169 pages and indepth TOC on "Multi-Factor Authentication Market - Global Forecast to 2020" http://www.marketsandmarkets.com/Market-Reports/multi-factorauthentication-market-877.html The major players in the multi-factor authentication market covered in this report are RSA Security, LLC (U.S.), Vasco Data Security (U.S.), Gemalto NV (Netherlands), Safran SA (France), Fujitsu, Ltd. (Japan), CA Technologies (U.S.), NEC Corporation (Japan), Cross Match Technologies (U.S.), HID Global (U.S.) and 3M (U.S.) among others.

Availability of cloud-based multi-factor authentication technology has reduced the maintenance costs typically associated with hardware and software-based two-factor and three-factor authentication models.

Companies now prefer adopting cloud-based authentication solutions because the pay per use model is more cost effective, and they offer

improved reliability and scalability, ease of installation and upgrades, and minimal maintenance costs.

The two-factor and three-factor authentication models are further segmented into different types of models. The segmentation of the multifactor authentication market on the basis of application provides an insight about the various types of applications that are available in the market. This segment includes applications including government, military & defense, healthcare, banking & finance, commercial security, consumer electronics, travel & immigration, and others.

Request for Sample Report : http://www.marketsandmarkets.com/requestsample.asp?id=877 This report on the multi-factor authentication market is aimed towards analyzing the major application segments such as government, defense, travel and immigration, banking and finance, consumer electronics, commercial security and healthcare. The most common application areas in the field of multi-factor authentication are banking & finance, government, and defense.

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