Two-Factor Authentication Market is Booming Market to Rapidly Growing

Posted by kelvindbmr on April 27th, 2021

Two-factor authentication market is expected to reach a market value of USD 15,985.24 billion by 2027, while witnessing market growth at a rate of 18.45% in the forecast period of 2020 to 2027.

Key Market Competitors: Global Two-Factor Authentication Market

The major players covered in the two-factor authentication market report are Gemalto NV, Fujitsu, Suprema., OneSpan, NEC Corporation, Symantec Corporation, RSA Security LLC., IBM Corporation, HID Global Corporation, Google LLC, Dell Inc., Amazon Web Services, Inc., Entrust Datacard Corporation, 3M, IDEMIA, Crossmatch. Yubico, SecurStar, SecurEnvoy Ltd, SecureAuth Corporation,  among other domestic and global players.

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Authentication is defined as an analytical technique that will ensures the security of credentials and resources associated with them with the help of one time password, hardware tokens, biometrics and others. The process of two-factor include security token in the form of message, voice and a password that will secure the credentials.

Segmentation: Global Two-Factor Authentication Market

•          By Type (One Time Password (OTP), Public Key Infrastructure (PKI))
•          By Model (Smart Card with PIN, One Time Password with PIN, Biometric Technology with PIN, Smart Card with Biometric Technology, Others)
•          By Technology (OTP Authenticators, PKI Authenticators, Physical and Logical Access Control, Out-Of-Band Authenticators, Mobile PKI Office Suite)
•          By End-User (Banking and Finance, Government, Military & Defence, Commercial Security, Travel & Immigration, Healthcare, Consumer Electronics,  Aerospace)

Focus of the report

• CAGR values in the market for the forecast period
• Key trends in the market place
• Major players and brands
• Historical and current market size and projection up to 2026.
• Detailed overview of parent market
• Changing market dynamics of the industry

Reasons to Purchase this Report

•          The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
•          Regions/Countries that are expected to witness the fastest growth rates during the forecast period
•          The latest developments, market shares, and strategies that are employed by the major market players