World Two-Factor Authentication Market (2FA): 23.57% CAGR to 2021

ReportsnReports.com adds Global Two-Factor Authentication Market 2017-2021 latest research report; the analysts forecast global two-factor authentication market to grow at a CAGR of 23.57% during the period 2017-2021.

January 30, 2017 /MarketersMedia/ —

The global two-factor authentication market analyst says OOB authentication is a powerful tool used to prevent fraud. The OOB authentication software works with a secured communication channel. Enterprises use this technology for high-risk transactions to verify and authenticate the user’s identity. The technology is used for authentication for both financial and non-financial transactions.

Complete report on two-factor authentication market spread across 72 pages, analyzing 5 major companies and providing 18 data exhibits are now available at http://www.reportsnreports.com/reports/832170-global-two-factor-authentication-market-2017-2021.html

According to the two-factor authentication market report, consumers depend on the Internet to perform transactions. Online transactions are instant and easy. However, financial transactions are vulnerable to cyber-attacks. Major vendors, such as Gemalto, are providing hardware OTP tokens with payment functionality for banking transactions. Some of Gemalto’s offerings are EZIO onCard PAD, Ezio Talk Token, and EZIO Pico.

The following companies are the key players in the global two-factor authentication market: Entrust, Gemalto, RSA Security, SecurEnvoy, and VASCO Data Security International. Other prominent vendors in the market are: Authenex, Authentify, Authy, Deepnet Security, DynaPass, Fortinet, HID Global, ID Control, Meontrust, Mi-Token, PointSharp, Protectimus Solutions, SecureAuth, SecurEnvoy, SecurStar, and Yubico. Order a copy of Global Two-Factor Authentication Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=832170

It is imperative for vendors to distinguish their product and service offerings through clear and unique value propositions to surpass their competitors. The intense competition, rapid advances in technology, and frequent changes in end-user preferences constitute significant risks for market vendors.

Analysts have estimated North America to dominate the two-factor authentication market during the forecast period. The presence of large banks and PCI companies and the increase in regulatory requirements are the major factors driving the adoption of 2FA in the region. Further, advances in authentication solutions, such as phone-based authentication, SMS tokens, and tokens integrated with biometric authentication, have accelerated the two-factor authentication market growth in the US.

Global two-factor authentication Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global two-factor authentication market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of 2FA products and services.

Further, the two-factor authentication market report states that hardware tokens are vulnerable to theft, and there are also possibilities that hardware OTP tokens may not get recognized by the transaction systems in use. The hardware OTP token is an extra device that must be carried around, making it inconvenient for users.

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Source: MarketersMedia

Release ID: 165319