Today: November 28, 2015, 5:05 am

Global multi-factor authentication market: 19% CAGR estimated between 2012-2016
Global Multi-factor Authentication Market 2012-2016 - a new market research report on 2014-04-23 17:01:04
The Global Multi-factor Authentication market is to grow at a CAGR of 19.1 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing number of government regulatory requirements. The Global Multi-factor Authentication market has also been witnessing an increasing popularity of phone-based authentication solutions. However, the high cost of deploying multi-factor authentication solutions could pose a challenge to the growth of this market.

One of the main trends witnessed in the Global Multi-factor Authentication market is increased popularity of phone-based authentication solutions. Advantages such as high scalability, no requirement to carry extra hardware, and easy implementation have increased the adoption of phone-based authentication solutions in comparison with traditional hardware tokens. Furthermore, phone-based authentication can generate an OTP and at the same time it can be used for biometric scanning. Thus, the device can be used for three-factor authentication as well. Since virtually everyone carries a mobile phone, there is no need for further investment in hardware tokens.

One of the main factors driving the market is the increasing number of regulatory requirements. . Enterprises are required to comply with these regulations and standards in order to secure their data. In cases of non-compliance, these enterprises may have to pay penalties, which could damage their reputation.

One of the main challenges is high cost of deployment. The initial cost of hardware tokens is high because it includes the hardware cost, support services, and the deployment cost. The loss or damage of hardware tokens would further increase the overall cost of hardware tokens.

The key vendors dominating this space include EMC Corp., Entrust Inc., Gemalto N.V., and VASCO Data Security International Inc.

The other vendors mentioned in the report are ActivIdentity Corp., Aladdin, Anakam, Arcot, Authentify, CryptoCard, Deepnet Security, ID Control, PhoneFactor, PortWise, Quest Software, SafeNet, SecureAuth, Secure Envoy, SecurStar, Swivel Secure, Tricerion, and TriCipher.

Click for report details: ..

Browse all Information Technology Market Research Reports ..

Browse all Information Technology Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 514 Words
Related Articles
More From Finance
USGFX Anticipates A Rise In Forex Trading [..]
The Shanghai Composite Index has been volatile and at one stage dropped more than 30% from its June 12 peak, [..]
Credit-Yogi Recommends Reputable Debt Solution Companies To [..]
Many people who have poor credit don’t know what to do about it. They realize that their bad credit prevents [..]
Credit-Yogi Reveals Special Considerations for Military Members [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi Teaches Consumers How To Use HAMP [..]
Be Prepared to Utilize HAMP Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification [..]
Credit-Yogi Informs Military Members Facing Auto Repossession [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.