Pune, India -- (SBWIRE) -- 08/12/2019 -- The Global Multi-factor Authentication (MFA) Market is Valued at USD 1570 Million $ in 2018 and will reach USD 1890 Million by the end of 2023.
The major key factors driving the growth of the Global Multi-factor Authentication (MFA) Market are rapid growth in adoption of BYOD among enterprises, rising data breaches and cyberattacks and Stringent regulation & the growing pressure of data security compliances.
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The Global Multi-factor Authentication (MFA) Market is segmented on the basis of Model, Application and Region. Based on the Model, the Global Multi-factor Authentication (MFA) Market is classified into Two-Factor Authentication, Multifactor with Three-Factor Authentication, Multifactor with Four-Factor Authentication and Multifactor with Five-Factor Authentication. On the basis of Application, the Global Multi-factor Authentication (MFA) Market is sub-segmented into Banking and Finance, Government, Travel & Immigration, Military & Defense, Commercial Security, Consumer Electronics, Healthcare and others.
In terms of the regional analysis, North America is expected to have the highest market revenue share. The growth in the North American region is majorly due to the countries such as United States and Canada. Furthermore, many companies from the Multi-factor Authentication (MFA) Market are significantly focusing on strategic mergers and acquisitions for deeper geographical penetration.
Top Leading Key Players in Global Multi-factor Authentication (MFA) Market: Morpho, Gemalto, NEC, Entrust Inc, CA Technologies, Fujitsu, VASCO Data Security, HID Global, RSA Security, Symantec Corporation, SecurEnvoy ltd, Crossmatch, Duo Secuirty, Deepnet Security, CensorNet Ltd and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Latest Business News:
1 Fujitsu (May 14, 2019) – Fujitsu Formulates "Design the Trusted Future by Data x AI," a Process and Framework for Creating Goal-Oriented Businesses – Fujitsu Limited today announced that it has formulated "Design the Trusted Future by Data x AI," a process and framework for supporting customers in the creation of goal-oriented businesses through the combined use of data and AI ("Data x AI"). Aiming to create a trusted, data-driven society that will improve people's daily lives and industries, this process and framework will start rolling out in July 2019, to customers worldwide.
Many companies are facing problems, as data and AI utilization is not well suited for application to their actual processes. Focusing on achieving customer goals, "Design the Trusted Future by Data x AI" aims to resolve such issues by creating value through the implementation of data and AI in actual business practices and entrenching new practices within the businesses. Fujitsu formulated this process and framework based on the knowledge it has gained from data and AI utilization projects it has undertaken with customers worldwide, as well as the operational and process system building know-how it has cultivated over many years. By actively deploying solutions and system integration methods, including services, products, and cutting edge technologies acknowledged worldwide, as framework for the entire process, not just the analysis phase, "Design the Trusted Future by Data x AI" intends to strengthen individual processes while improving efficiency and accuracy through knowledge sharing between processes.
2 Symantec Corporation (February 27, 2019) – Symantec Leads Unprecedented Industry Collaboration to Drive Down Cost and Complexity of Cyber Security – Symantec Corp., the world's leading cyber security company, today announced that more than 120 companies have joined forces with Symantec to drive down the cost and complexity of cyber security, while improving response times to protect enterprises against sophisticated threats. This includes major players like AWS, Box, IBM Security, Microsoft, Oracle, ServiceNow and Splunk, as well as dozens of other technology innovators, who are now building or delivering more than 250 products and services that integrate with Symantec's Integrated Cyber Defense (ICD) Platform.
This unprecedented industry collaboration reflects a "platform shift" in the cyber security industry, as new research from Enterprise Strategy Group (ESG) shows enterprise customers are looking to consolidate vendors and adopt more integrated platforms backed by an open ecosystem.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Multi-factor Authentication (MFA) in these regions, from 2013 to 2023 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Multi-factor Authentication (MFA) Market Report 2019
1 Multi-factor Authentication (MFA) Product Definition
2 Global Multi-factor Authentication (MFA) Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Multi-factor Authentication (MFA) Shipments
2.2 Global Manufacturer Multi-factor Authentication (MFA) Business Revenue
2.3 Global Multi-factor Authentication (MFA) Market Overview
3 Manufacturer Multi-factor Authentication (MFA) Business Introduction
3.1 Morpho (France) Multi-factor Authentication (MFA) Business Introduction
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