New York, NY -- (SBWIRE) -- 12/04/2019 -- Multi-Factor Authentication Software Market 2019-2025

Industry Overview
With the concepts like Blockchain and decentralized authentication systems trending in the business environment today, centralized data and application software will get replaced with a network of computers that encrypt and save data in sync with each other. Multi-Factor authentication software helps improve company's security systems, or applications by requiring additional authentication measures to access sensitive information, systems or applications. The general concept of Multi-Factor authentication software is to represent identity of users with encrypted key-pairs that can be tied to additional strictures such as user's biometric data instead of passwords to ensure higher authentication.

Market by Top Multi-Factor Authentication Software Companies, this report covers
Google Authenticator
Duo Security
RSA Security
Authy
SecureAuth
Idaptive Next-Gen Access
PingID
WatchGuard
Symantec
Silverfort

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The global market for Multi-Factor authentication software is projected to reach USD 20.41 billion by 2025. Increase in financial frauds, cyber-attacks and a rise in digital payments through smartphones and other wireless devices are driving the Multi-Factor authentication software market. Increased penetration of mobile services is key focus for today's cloud MFA solutions that enables mobile options such as fingerprint scan and facial recognition enable a seamless authentication experience that is as frictionless as possible for users. SAASPASS provides cloud-based two-factor authentication to sign into applications and devices anywhere securely.

Higher adoption of multifactor authentication organizations allows employees and consultants to use BYODs to access firm data and applications securely while saving on company-issued devices. Firms can also implement Multi-Factor authentication software to manage employee access on enterprise applications for easy on-boarding. With respect to high security, protected authentication and user authorization are as vital as implementing strong authentication techniques/methods to protect the user's personal data. Hence, the growing adoption of BYOD as a business concept acts as a driving factor for the growth of Multi-Factor authentication software market.

Market Segmentation
The global Multi-Factor authentication software market is split by Type, Authentication, End User and geography.
The market by Type is divided into On-premises and Cloud-based services.
The market by Authentication is further classified into two-factor, three-factor and four-factor authentication.
By End Users, the market is split further in to BFSI, Healthcare, Government, Defence, Travel and Transport Logistics and others.
Some of the key players in the global Multi-Factor authentication software market are Google Authenticator, Duo Security, RSA Security, Authy, SecureAuth, Idaptive Next-Gen Access, PingID, WatchGuard, Symantec and Silverfort.

Regional Analysis
On the basis of geography, the global market is further segmented into major markets that includes United States, Europe, China, Japan, Southeast Asia, India and Central & South America. The Asia Pacific region is projected to be the fastest growing region in the Multi-Factor authentication software market owing to a growing trend of BYOD policies as well as mobility services that are leading to cyberattacks and data frauds. The China market is also growing at a significant rate with the progression of electronic information technology that makes it simpler to obtain personal information. It is estimated that the number of cyberattacks in banking, constituted in China is higher than United States.

Industry News
CaixaBank in Spain is offering customers to use biometric facial recognition technology with pin code option that offers security benefit while opening up higher opportunities for Multi-Factor authentication software market.

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Table of Contents –Analysis of Key Points
1 Multi-Factor Authentication Software Market Overview
2 Manufacturers Profiles
3 Global Multi-Factor Authentication Software Market Competition, by Players
4 Global Multi-Factor Authentication Software Market Size by Regions
5 North America Multi-Factor Authentication Software Revenue by Countries
6 Europe Multi-Factor Authentication Software Revenue by Countries
7 Asia-Pacific Multi-Factor Authentication Software Revenue by Countries
8 South America Multi-Factor Authentication Software Revenue by Countries
9 Middle East and Africa Revenue Multi-Factor Authentication Software by Countries
10 Global Multi-Factor Authentication Software Market Segment by Type
11 Global Multi-Factor Authentication Software Market Segment by Application
12 Global Multi-Factor Authentication Software Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
14 Appendix
List of Tables and Figures
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