Multifactor Authentication Market by Model (Two-, Three-, Four-, and Five-Factor), Application (Banking and Finance, Government, Military and Defense, Commercial Security, Consumer Electronics, Healthcare), and Geography - Global Forecast to 2022

 Published On: May, 2017 |    No of Pages: 175 |  Published By: MarketsandMarkets | Format: PDF
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The multifactor authentication market is likely to grow at a CAGR of 15.52% during the forecast period

The multifactor authentication market is expected to reach USD 12.51 billion by 2022, at a CAGR of 15.52% during the forecast period. The growth of the market is driven by various factors such as an increase in data breaches and cyber attacks, stringent regulation and the growing pressure of data security compliances and the growing adoption of bring your own devices (BYODs) among enterprises. However, cost and technical complexity in implementing MFA and increase in MFA use/service time are expected to inhibit the market growth for a short period of time.

Five-factor authentication model would witness a high growth rate during the forecast period

The market for five-factor authentication is expected to grow at the highest CAGR between 2017 and 2022.  Being very high in security, these types of models are mostly used in government applications and a few other applications that require a high-level authentication, which is the main reason behind the adoption of five-factor authentication model.
 
Healthcare application market would witness a high growth rate during the forecast period

The healthcare application is expected to grow at the highest CAGR during the forecast period. In the healthcare application, authentication plays an important role in securing the data and information by authenticating the authorized person for making any transaction, logging in, or performing any administrative process. The healthcare industry follows stringent government and industry regulations and requires a highly secure infrastructure. This made the industry rely on secure authentication process, resulting in high demand for MFA solutions.

The Americas would dominate the MFA market, while RoW is expected to grow at the highest rate during the forecast period

The Americas held the largest share of the multifactor authentication market in 2016 owing to the presence of major vendors of multifactor authentication and high regulatory compliance in the region. The market in RoW is expected to grow at the highest CAGR between 2017 and 2022. The growth of the multifactor authentication market in RoW is driven by the growing adoption of modern technologies such as cloud computing and IoT, as well as government initiatives for protecting sensitive data by formulating data security standards.

Given below is the breakdown of the profile of the primary participants in terms of different parameters considered:

• By Company Type: Tier 1—25%, Tier 2—40%, and Tier 3—35%
• By Designation: C-Level Executives—50%, Directors—32%, and Others—18%
• By Region: The Americas—32%, Europe—30%, APAC—24%, and the Middle East & Africa—14%.

The key players operating in this market include Safran (France), Gemalto NV (the Netherlands), NEC Corporation (Japan), 3M (US), CA Technologies (US), Fujitsu (Japan), VASCO Data Security International Inc. (US), HID Global Corporation/ASSA ABLOY AB (Sweden), RSA Security LLC (US), Suprema HQ Inc. (South Korea), and Crossmatch (US).

Research Coverage

In this report, various segments such as type, application, and geography have been covered. It also discusses drivers, restraints, opportunities, and challenges pertaining to the market. The report gives a detailed view of the market across 4 main regions: the Americas, Europe, APAC, and RoW.

Reasons to Buy the Report:

• This report includes the multifactor authentication market sizing in terms of value on the basis of type, application, and geography.
• The value chain analysis and key strategies adopted by the market players have been provided for the multifactor authentication market.
• Major drivers, restraints, opportunities, and challenges for the multifactor authentication market have been provided in detail in this report.
• The report includes illustrative segmentation, analysis, and forecast for the multifactor authentication market based on its segments and subsegments.
TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 STUDY SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17

2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary source 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.3 SECONDARY AND PRIMARY RESEARCH 21
2.1.3.1 Key industry insights 22
2.1.3.2 Breakdown of primaries 22
2.2 MARKET SIZE ESTIMATION 23
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTION 26

3 EXECUTIVE SUMMARY 27

4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE MULTIFACTOR AUTHENTICATION MARKET 31
4.2 MULTIFACTOR AUTHENTICATION MARKET, BY APPLICATION 32
4.3 MULTIFACTOR AUTHENTICATION MARKET, BY REGION AND MODEL 33
4.4 GEOGRAPHIC SNAPSHOT OF THE MULTIFACTOR AUTHENTICATION MARKET 34

5 MARKET OVERVIEW 35
5.1 INTRODUCTION 36
5.2 MARKET DYNAMICS 36
5.2.1 DRIVER 37
5.2.1.1 Increase in data breaches and cyber attacks 37
5.2.1.2 Stringent regulations and the growing pressure of data security compliances 37
5.2.1.3 Growing adoption of BYOD among enterprises 38
5.2.2 RESTRAINTS 38
5.2.2.1 Cost and technical complexity in implementing the multifactor authentication 38
5.2.2.2 Increasing response time in higher order authentication models 38
5.2.3 OPPORTUNITIES 38
5.2.3.1 Demand for MFA for data security in the cloud environment 38
5.2.3.2 Rising adoption of the interconnected devices in the IoT environment 39
5.2.3.3 Emerging markets 39
5.2.4 CHALLENGES 39
5.2.4.1 Uncertainty and pushback from end users 39

6 INDUSTRY TRENDS 40
6.1 INTRODUCTION 40
6.2 VALUE CHAIN ANALYSIS 41
6.3 REGULATORY LANDSCAPE 42
6.3.1 REGULATORY COMPLIANCES 42
6.3.1.1 Criminal justice information system (CJIS) security policy 42
6.3.1.2 Payment card industry (PCI) data security standard 42
6.3.1.3 FFIEC authentication in an internet banking environment guidance 42
6.3.1.4 Fair and accurate credit TRANSACTION act (FACTA) 42
6.3.1.5 Identity theft red flags 42
6.3.1.6 Health insurance portability and accountability act (HIPPA) 43
6.3.1.7 Sarbanes–Oxley act (SOX) 43
6.3.1.8 Gramm–Leach–Bliley act 43
6.4 NEW INDUSTRY TRENDS 43
6.4.1 OUT-OF-BAND AUTHENTICATION 43
6.4.2 BUILT-IN FINGERPRINT READERS 44
6.4.3 BAKED-IN AUTHENTICATION 44

7 MULTIFACTOR AUTHENTICATION MARKET, BY MODEL 45
7.1 INTRODUCTION 46
7.2 TWO-FACTOR AUTHENTICATION 47
7.2.1 SMART CARD WITH PIN 49
7.2.2 SMART CARD WITH BIOMETRIC TECHNOLOGY 49
7.2.3 BIOMETRIC TECHNOLOGY WITH PIN 49
7.2.4 TWO-FACTOR BIOMETRIC TECHNOLOGY 49
7.2.5 ONE TIME PASSWORD WITH PIN 49
7.3 MULTIFACTOR WITH THREE-FACTOR AUTHENTICATION 53
7.3.1 SMART CARD WITH PIN AND BIOMETRIC TECHNOLOGY 54
7.3.2 SMART CARD WITH TWO-FACTOR BIOMETRIC TECHNOLOGIES 54
7.3.3 PIN WITH TWO-FACTOR BIOMETRIC TECHNOLOGIES 55
7.3.4 THREE-FACTOR BIOMETRIC TECHNOLOGY 55

7.4 MULTIFACTOR WITH FOUR-FACTOR AUTHENTICATION 58
7.5 MULTIFACTOR WITH FIVE-FACTOR AUTHENTICATION 61
8 MULTIFACTOR AUTHENTICATION MARKET, BY APPLICATION 65
8.1 INTRODUCTION 66
8.2 BANKING AND FINANCE 68
8.2.1 CASE STUDY: COOPERATIVE FINANCIAL SERVICES (UK) 69
8.3 GOVERNMENT 70
8.3.1 CASE STUDY: GOVERNMENT DEPARTMENT (PUTRAJAYA, MALAYSIA) 70
8.4 TRAVEL AND IMMIGRATION 72
8.4.1 CASE STUDY: THE INTERNATIONAL AIRPORT OF MEXICO CITY (MEXICO) 72
8.5 MILITARY AND DEFENSE 73
8.5.1 CASE STUDY: US DEPARTMENT OF DEFENSE (US) 74
8.6 COMMERCIAL SECURITY 75
8.6.1 CASE STUDY: CITY POINT (LONDON, UK) 75
8.7 HEALTHCARE 76
8.7.1 CASE STUDY: NEMOURS CHILDREN’S HEALTH SYSTEM (FLORIDA, US) 77
8.8 CONSUMER ELECTRONICS 78
8.9 OTHERS 79

9 GEOGRAPHICAL ANALYSIS 80
9.1 INTRODUCTION 81
9.2 THE AMERICAS 83
9.2.1 US 87
9.2.2 CANADA 87
9.2.3 REST OF THE AMERICAS 88
9.3 EUROPE 89
9.3.1 GERMANY 93
9.3.2 UK 93
9.3.3 FRANCE 94
9.3.4 ITALY 95
9.3.5 REST OF EUROPE 95
9.4 APAC 96
9.4.1 AUSTRALIA 100
9.4.2 CHINA 100
9.4.3 JAPAN 101
9.4.4 SOUTH KOREA 102
9.4.5 INDIA 102
9.4.6 REST OF APAC 103
9.5 ROW 104

10 COMPETITIVE LANDSCAPE 108
10.1 OVERVIEW 108
10.2 MARKET RANKING ANALYSIS 109
10.2.1 NEW PRODUCT LAUNCHES AND DEVELOPMENTS 111
10.2.2 MERGERS, ACQUISITIONS, AND COLLABORATIONS 113
10.2.3 CONTRACTS, PARTNERSHIPS, AND AGREEMENTS 114
10.2.4 EXPANSIONS 115
10.3 DIVE CHART ANALYSIS 116
10.3.1 VANGUARDS 117
10.3.2 DYNAMIC 117
10.3.3 INNOVATOR 117
10.3.4 EMERGING 117
10.4 BUSINESS STRATEGY 118
10.5 PRODUCT OFFERINGS 119

*Top 25 companies analyzed for this study are - 3M, APERSONA, INC, BIOMIO, CA TECHNOLOGY, CENSORNET LTD, CROSSMATCH, DEEPNET SECURITY, DUO SECUIRTY, ENTRUST  INC., FUJITSU, GEMALTO NV, HID GLOBAL CORPORATION/ASSA ABLOY AB, IOVATION INC, NEC CORPORATION, NEXUS GROUP, RCG HOLDINGS LIMITED, RSA SECURITY LLC, SAFRAN, SECUGEN CORPORATION, SECURENVOY LTD, SUPREMA HQ INC., SYMANTEC CORPORATION, VASCO DATA SECURITY INTERNATIONAL , INC., WATCHDATA.COM, ZK SOFTWARE

11 COMPANY PROFILE 120 (Business Overview, Products offered & Services strategies, Key Insights, Recent Developments, MnM View)*
11.1 INTRODUCTION 120
11.2 SAFRAN 121
11.3 NEC CORPORATION 125
11.4 GEMALTO NV 129
11.5 RSA SECURITY LLC 133
11.6 HID GLOBAL CORPORATION/ASSA ABLOY AB 136
11.7 3M 140
11.8 CA TECHNOLOGIES 143
11.9 FUJITSU 146
11.10 VASCO DATA SECURITY INTERNATIONAL, INC. 150
11.11 SUPREMA HQ INC. 154
11.12 CROSSMATCH 157

*Details on Business Overview, Products offered & Services strategies, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.

12 EMERGING PLAYERS 160
12.1 APERSONA, INC. 160
12.1.1 KEY STRATEGIES 160
12.2 BIOMIO 161
12.2.1 KEY STRATEGIES 161
12.3 IOVATION INC. 162
12.3.1 KEY STRATEGIES 162
12.4 ZK SOFTWARE 163
12.4.1 KEY STRATEGIES 163

13 APPENDIX 164
13.1 INSIGHTS OF INDUSTRY EXPERTS 164
13.2 DISCUSSION GUIDE 165
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 168
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 170
13.5 AVAILABLE CUSTOMIZATIONS 172
13.6 RELATED REPORTS 172
13.7 AUTHOR DETAILS 173

LIST OF TABLES

TABLE 1 GLOBAL MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022 (USD MILLION) 47
TABLE 2 GLOBAL TWO-FACTOR AUTHENTICATION MARKET SIZE, BY MODEL TYPE, 2014–2022 (USD MILLION) 48
TABLE 3 TWO-FACTOR AUTHENTICATION MARKET SIZE, BY GEOGRAPHY, 2014–2022 (USD MILLION) 50
TABLE 4 TWO-FACTOR AUTHENTICATION MARKET SIZE IN THE AMERICAS, BY COUNTRY, 2014–2022 (USD MILLION) 51
TABLE 5 TWO-FACTOR AUTHENTICATION MARKET SIZE IN EUROPE, BY COUNTRY, 2014–2022 (USD MILLION) 51
TABLE 6 TWO-FACTOR AUTHENTICATION MARKET SIZE IN APAC, BY COUNTRY, 2014–2022 (USD MILLION) 52
TABLE 7 TWO-FACTOR AUTHENTICATION MARKET SIZE IN ROW, BY COUNTRY, 2014–2022 (USD MILLION) 52
TABLE 8 GLOBAL THREE-FACTOR AUTHENTICATION MARKET SIZE, BY TYPE, 2014–2022 (USD MILLION) 54
TABLE 9 THREE-FACTOR AUTHENTICATION MARKET SIZE, BY GEOGRAPHY, 2014–2022 (USD MILLION) 56
TABLE 10 THREE-FACTOR AUTHENTICATION MARKET SIZE IN THE AMERICAS, BY COUNTRY, 2014–2022 (USD MILLION) 56
TABLE 11 THREE-FACTOR AUTHENTICATION MARKET SIZE IN EUROPE, BY COUNTRY, 2014–2022 (USD MILLION) 57
TABLE 12 THREE-FACTOR AUTHENTICATION MARKET SIZE IN APAC, BY COUNTRY, 2014–2022 (USD MILLION) 57
TABLE 13 THREE-FACTOR AUTHENTICATION MARKET SIZE IN ROW, BY COUNTRY, 2014–2022 (USD MILLION) 58
TABLE 14 FOUR-FACTOR AUTHENTICATION MARKET SIZE, BY GEOGRAPHY, 2014–2022 (USD MILLION) 59
TABLE 15 FOUR-FACTOR AUTHENTICATION MARKET SIZE IN THE AMERICAS, BY COUNTRY, 2014–2022 (USD MILLION) 59
TABLE 16 FOUR-FACTOR AUTHENTICATION MARKET SIZE IN EUROPE, BY COUNTRY, 2014–2022 (USD MILLION) 60
TABLE 17 FOUR-FACTOR AUTHENTICATION MARKET SIZE IN APAC, BY COUNTRY, 2014–2022 (USD MILLION) 60
TABLE 18 FOUR-FACTOR AUTHENTICATION MARKET SIZE IN ROW, BY COUNTRY, 2014–2022 (USD MILLION) 61
TABLE 19 FIVE-FACTOR AUTHENTICATION MARKET SIZE, BY GEOGRAPHY, 2014–2020 (USD MILLION) 62
TABLE 20 FIVE-FACTOR AUTHENTICATION MARKET SIZE IN THE AMERICAS, BY COUNTRY, 2014–2022 (USD MILLION) 62
TABLE 21 FIVE-FACTOR AUTHENTICATION MARKET SIZE IN EUROPE, BY COUNTRY, 2014–2022 (USD MILLION) 63
TABLE 22 FIVE-FACTOR AUTHENTICATION MARKET SIZE IN APAC, BY COUNTRY, 2014–2022 (USD MILLION) 63
TABLE 23 FIVE-FACTOR AUTHENTICATION MARKET SIZE IN ROW, BY COUNTRY, 2014–2022 (USD THOUSAND) 64
TABLE 24 GLOBAL MULTIFACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2014–2022 (USD MILLION) 67
TABLE 25 MULTIFACTOR AUTHENTICATION MARKET SIZE FOR BANKING AND FINANCE APPLICATION, BY GEOGRAPHY, 2014–2000 (USD MILLION) 69
TABLE 26 MULTIFACTOR AUTHENTICATION MARKET SIZE FOR GOVERNMENT APPLICATION, BY GEOGRAPHY, 2014–2022 (USD MILLION) 71
TABLE 27 MULTIFACTOR AUTHENTICATION MARKET SIZE FOR TRAVEL AND IMMIGRATION APPLICATION, BY GEOGRAPHY, 2014–2022 (USD MILLION) 73
TABLE 28 MULTIFACTOR AUTHENTICATION MARKET SIZE FOR MILITARY AND DEFENSE APPLICATION, BY GEOGRAPHY, 2014–2000 (USD MILLION) 75
TABLE 29 MULTIFACTOR AUTHENTICATION MARKET SIZE FOR COMMERCIAL SECURITY APPLICATION, BY GEOGRAPHY, 2014–2000 (USD MILLION) 76
TABLE 30 MULTIFACTOR AUTHENTICATION MARKET SIZE FOR HEALTHCARE APPLICATION, BY GEOGRAPHY, 2014–2000 (USD MILLION) 77
TABLE 31 MULTIFACTOR AUTHENTICATION MARKET SIZE FOR CONSUMER ELECTRONICS APPLICATION, BY GEOGRAPHY, 2014–2000 (USD MILLION) 79
TABLE 32 MULTIFACTOR AUTHENTICATION MARKET SIZE FOR OTHERS, BY GEOGRAPHY, 2014–2000 (USD MILLION) 79
TABLE 33 MULTIFACTOR AUTHENTICATION MARKET SIZE, BY REGION, 2014–2022 (USD MILLION) 82
TABLE 34 THE AMERICAS: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022 (USD MILLION) 85
TABLE 35 THE AMERICAS: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2014–2022 (USD MILLION) 86
TABLE 36 THE AMERICAS: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2014–2022 (USD MILLION) 86
TABLE 37 US: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022 (USD MILLION) 87
TABLE 38 CANADA: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022 (USD MILLION) 88
TABLE 39 REST OF AMERICAS: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022 (USD MILLION) 88
TABLE 40 EUROPE: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022 (USD MILLION) 91
TABLE 41 EUROPE: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2014–2022 (USD MILLION) 92
TABLE 42 EUROPE: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2014–2022 (USD MILLION) 92
TABLE 43 GERMANY: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022 (USD MILLION) 93
TABLE 44 UK: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022 (USD MILLION) 94
TABLE 45 FRANCE: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022 (USD MILLION) 94
TABLE 46 ITALY: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022 (USD MILLION) 95
TABLE 47 REST OF EUROPE: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022(USD MILLION) 95
TABLE 48 APAC: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022(USD MILLION) 98
TABLE 49 APAC: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2014–2022(USD MILLION) 99
TABLE 50 APAC: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY COUNTRY, 2014–2022(USD MILLION) 99
TABLE 51 AUSTRALIA: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022(USD MILLION) 100
TABLE 52 CHINA: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022(USD MILLION) 101
TABLE 53 JAPAN: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022(USD MILLION) 101
TABLE 54 SOUTH KOREA: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022(USD MILLION) 102
TABLE 55 INDIA: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022(USD MILLION) 103
TABLE 56 REST OF APAC: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022(USD MILLION) 103
TABLE 57 ROW: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY MODEL, 2014–2022(USD MILLION) 105
TABLE 58 ROW: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY APPLICATION, 2014–2022(USD MILLION) 105
TABLE 59 ROW: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY REGION, 2014–2022(USD MILLION) 106
TABLE 60 MIDDLE EAST: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY REGION, 2014–2022(USD MILLION) 106
TABLE 61 AFRICA: MULTIFACTOR AUTHENTICATION MARKET SIZE, BY REGION, 2014–2022(USD MILLION) 107
TABLE 62 RANKING OF TOP 5 MARKET PLAYERS, 2015 109
TABLE 63 NEW PRODUCT LAUNCHES AND DEVELOPMENTS (2014–2017) 111
TABLE 64 MERGERS, ACQUISITIONS, AND COLLABORATIONS (2014–2016) 113
TABLE 65 CONTRACTS, PARTNERSHIPS, AND AGREEMENTS (2014–2016) 114
TABLE 66 EXPANSIONS (2016) 115

LIST OF FIGURES

FIGURE 1 MULTIFACTOR AUTHENTICATION MARKET SEGMENTATION 16
FIGURE 2 MULTIFACTOR AUTHENTICATION MARKET: RESEARCH DESIGN 18
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 23
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP–DOWN APPROACH 24
FIGURE 5 DATA TRIANGULATION 25
FIGURE 6 FIVE-FACTOR AUTHENTICATION EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 28
FIGURE 7 BANKING AND FINANCE APPLICATION TO HOLD THE LARGEST SIZE OF THE MULTIFACTOR AUTHENTICATION MARKET DURING THE FORECAST PERIOD 29
FIGURE 8 THE AMERICAS HELD THE LARGEST SHARE OF THE MULTIFACTOR AUTHENTICATION MARKET IN 2016 30
FIGURE 9 MULTIFACTOR AUTHENTICATION MARKET EXPECTED TO RISE AT A MODERATE RATE DURING THE FORECAST PERIOD 31
FIGURE 10 BANKING AND FINANCE APPLICATION TO EXHIBIT THE LARGEST SIZE OF THE MULTIFACTOR AUTHENTICATION MARKET DURING THE FORECAST PERIOD 32
FIGURE 11 THE AMERICAS TO HOLD THE LARGEST SHARE OF THE MULTIFACTOR AUTHENTICATION MARKET IN 2017 33
FIGURE 12 MULTIFACTOR AUTHENTICATION MARKET IN INDIA IS EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2017 AND 2022 34
FIGURE 13 MULTIFACTOR AUTHENTICATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 36
FIGURE 14 NUMBER OF DATA BREACH INCIDENTS, BY INDUSTRY 37
FIGURE 15 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED DURING THE ASSEMBLY AND DISTRIBUTION PHASES 41
FIGURE 16 THE MULTI-FACTOR AUTHENTICATION MARKET, BY MODEL 46
FIGURE 17 TWO-FACTOR AUTHENTICATION: LARGEST MARKET SHARE IN THE MFA MARKET BETWEEN 2016 AND 2022 46
FIGURE 18 SMART CARD WITH PIN IS EXPECTED TO DOMINATE THE TWO-FACTOR AUTHENTICATION MARKET 2017 VS 2022 48
FIGURE 19 THE AMERICAS IS EXPECTED TO HAVE THE LARGEST MARKET SHARE FOR THE TWO-FACTOR MFA MARKET DURING THE FORECAST PERIOD 50
FIGURE 20 SMART CARD WITH TWO-FACTOR BIOMETRIC TECHNOLOGY IS EXPECTED TO GROW AT THE HIGHEST RATE FROM 2017 VS 2022 53
FIGURE 21 NORTH AMERICA IS EXPECTED TO HOLD THE LARGEST MARKET VALUE IN THE THREE-FACTOR MFA MARKET FROM 2017 TO 2022 55
FIGURE 22 ROW REGION IS EXPECTED TO GROW AT THE HIGHEST RATE IN THE FOUR-FACTOR MFA MARKET FROM 2017 TO 2022 58
FIGURE 23 THE AMERICAS IS EXPECTED TO HAVE THE LARGEST MARKET SHARE IN THE FIVE-FACTOR MFA MARKET FROM 2016 TO 2022 61
FIGURE 24 THE MULTIFACTOR AUTHENTICATION MARKET, BY APPLICATION 66
FIGURE 25 BANKING AND FINANCE APPLICATION EXPECTED TO HOLD THE LARGEST MARKET SHARE FROM 2016 VS 2022 67
FIGURE 26 THE AMERICAS IS EXPECTED TO LEAD THE GOVERNMENT APPLICATION MARKET IN MFA BY 2022 71
FIGURE 27 THE ROW REGION IS EXPECTED TO GROW AT THE HIGHEST RATE IN THE MILITARY AND DEFENSE APPLICATION IN THE MFA MARKET DURING THE FORECAST PERIOD 74
FIGURE 28 THE APAC REGION IS EXPECTED TO GROW AT THE A HIGHEST RATE IN CONSUMER ELECTRONICS APPLICATION FOR THE MFA MARKET FROM 2017 TO 2022 78
FIGURE 29 MULTIFACTOR AUTHENTICATION MARKET, BY GEOGRAPHY 81
FIGURE 30 THE AMERICAS IS ESTIMATED TO DOMINATE THE MFA MARKET BETWEEN 2016 AND 2022 82
FIGURE 31 SEGMENTATION: THE AMERICAS 83
FIGURE 32 MULTIFACTOR AUTHENTICATION MARKET SNAPSHOT IN THE AMERICA 84
FIGURE 33 THREE-FACTOR AUTHENTICATION MODEL EXPECTED TO EXHIBIT THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 85
FIGURE 34 SEGMENTATION: EUROPE 89
FIGURE 35 MULTIFACTOR AUTHENTICATION MARKET SNAPSHOT IN EUROPE 90
FIGURE 36 FIVE-FACTOR AUTHENTICATION MODEL EXPECTED TO EXHIBIT THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 91
FIGURE 37 SEGMENTATION: ASIA PACIFIC 96
FIGURE 38 MULTIFACTOR AUTHENTICATION MARKET SNAPSHOT IN APAC 97
FIGURE 39 BANKING AND FINANCIAL APPLICATION TO LEAD THE MFA MARKET DURING THE FORECAST PERIOD 98
FIGURE 40 SEGMENTATION: REST OF THE WORLD 104
FIGURE 41 FIVE-FACTOR AUTHENTICATION MODEL EXPECTED TO EXHIBIT THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 104
FIGURE 42 ORGANIC AND INORGANIC STRATEGIES ADOPTED BY COMPANIES IN THE MULTIFACTOR AUTHENTICATION MARKET 108
FIGURE 43 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES AND DEVELOPMENTS WERE THE KEY STRATEGIES 111
FIGURE 44 MULTIFACTOR AUTHENTICATION MARKET OVERVIEW: DIVE ANALYSIS 116
FIGURE 45 SAFRAN: COMPANY SNAPSHOT 121
FIGURE 46 NEC CORPORATION: COMPANY SNAPSHOT 125
FIGURE 47 GEMALTO NV: COMPANY SNAPSHOT 129
FIGURE 48 HID GLOBAL CORPORATION/ASSA ABLOY AB: COMPANY SNAPSHOT 136
FIGURE 49 3M: COMPANY SNAPSHOT 140
FIGURE 50 CA TECHNOLOGIES: COMPANY SNAPSHOT 143
FIGURE 51 FUJITSU: COMPANY SNAPSHOT 146
FIGURE 52 VASCO DATA SECURITY INTERNATIONAL INC.: COMPANY SNAPSHOT 150
FIGURE 53 SUPREMA HQ INC.: COMPANY SNAPSHOT 154

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