07 October 2011, Pages - 50

TechNavio's analysts forecast the Global Multi-factor Authentication market to grow at a CAGR of 19.9 percent over the period 2010-2014. One of the key factors contributing to this market growth is the rise in advanced threats such as advanced persistent threats (APTs). The Global Multi-factor Authentication market has also been witnessing a continuous shift toward phone-based authentication and the growing usage of one-time password (OTP) in financial services companies. However, high initial deployment cost and the high cost of replacement could pose a challenge to the growth of this market.

Key vendors dominating this market space include RSA, Gemalto N.V., VASCO Data Security International Inc., SecureAuth, Entrust Inc., and ActivIdentity Corp.

TechNavio's Global Multi-factor Authentication Market 2010-2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the Americas, EMEA, and APAC regions and covers different forms of multi-factor authentication such as two-factor authentication, three-factor authentication, and hybrid authentication. Further, the report provides an analysis on vendors that offer two-factor and/or three-factor and/or hybrid solutions to end-users in terms of both software/product/license revenue and services revenue. It also covers companies that may have only two-factor authentication solutions such as hardware token or software token and have entered into partnership with biometric authentication providers to offer three-factor authentication solutions. Companies that offer only single-factor authentication solution (only single sign-on (SSO)) are not included in the report. Further, the report does not include those companies that provide only services and do not have their own product.

Key questions answered in this report:

What will the market size be in 2014 and at what rate will it grow?

What key trends is this market subject to?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the opportunities and threats faced by each of these key vendors?

What are the strengths and weaknesses of each of these key vendors?

Special Offer: You can request one free hour of analyst time when you purchase this report. Details provided within the report.

TechNavio's research portfolio in the IT Security series includes reports on IT Risk Market, Authentication Market, Verification Market, Risk Management Market, Network Security Market, Web Security Market, Biometrics Market, Security Software Market, Mobile Security Market, Data Security Market, IT Security Management Market, Cloud Security Market, Incident Management Market, Firewall Security Market, Information Security Management Market, Vulnerability Assessment Market, Hardware Security Market, Data Loss Prevention Market, Deep Packet Inspection Market