Global Two-Factor Authentication Market By Type (One Time Password (OTP), Public Key Infrastructure (PKI)), Model (Smart Card with PIN, One Time Password with PIN, Biometric Technology with PIN, Smart Card with Biometric Technology, Others), Technology (OTP Authenticators, PKI Authenticators, Physical and Logical Access Control, Out-Of-Band Authenticators, Mobile PKI Office Suite), End-User (Banking and Finance, Government, Military & Defence, Commercial Security, Travel & Immigration, Healthcare, Consumer Electronics, Aerospace), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Two-Factor Authentication Market
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. Two-factor authentication market is growing because in ensures safety of individuals’ credentials and resources accessed by them.
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.
Increasing number of online transaction, provision of high level of security by hardware tokens, emergence of 4G/5G devices will lead to the adoption of two-factor authentication, rising threats of security breach are some of the factors that will enhance the growth of the two-factor authentication market during the forecast period of 2020-2027.
High costs associated with hardware and software, initial investment and lack of telecom infrastructure are acting as market restraints for two-factor authentication in the above mentioned forecasted period.
This two-factor authentication market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research two-factor authentication market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Two-Factor Authentication Market Scope and Market Size
Two-factor authentication market is segmented on the basis of type, model, technology and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Two-factor authentication market on the basis of type has been segmented as one time password (OTP) and public key infrastructure (PKI).
- On the basis of model, two-factor authentication market has been segmented into smart card with pin, one time password with pin, biometric technology with pin, smart card with biometric technology and others.
- On the basis of technology, two-factor authentication market has been segmented into OTP authenticators, PKI authenticators, physical and logical access control, out-of-band authenticators and mobile PKI office suite.
- Two-factor authentication has also been segmented on the basis of end-user into banking and finance, government, military & defence, commercial security, travel & immigration, healthcare, consumer electronics and aerospace.
Two-Factor Authentication Market Country Level Analysis
Two-factor authentication market is analysed and market size, volume information is provided by country, type, model, technology and end-user as referenced above.
The countries covered in the two-factor authentication market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the two-factor authentication market due to the prevalence of large number of service providers, adoption of security measures and initiatives adopted by government regarding safety and security of credentials, while Asia-Pacific is expected to grow in the forecast period of 2020-2027 because of increasing adoption of bring your own technology and growth of IT technology.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Two-Factor Authentication Market Share Analysis
Two-factor authentication market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to 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. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Two-Factor Authentication Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.