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Multi - Factor Authentication Market to Reach $5.45 Billion by 2017 – New Report by MarketsandMarkets
Date:8/25/2013

(PRWEB) August 25, 2013

According to a new market research report “Two Factor Authentication Market- By Model / type (two, three, four & five-factor), Application (Banking & Finance, Healthcare, Government, Defense, Travel & Immigration, Consumer Electronics and Commercial Security) & by Geography – Forecasts (2012 – 2017)” published by MarketsandMarkets, the total market is expected to reach $5.45 billion by 2017, at a CAGR of 17.3%.

Browse 118 market data tables with 31 figures spread through 275 pages and in-depth TOC of "Two Factor Authentication Market- By Model / type (two, three, four & five-factor), Application (Banking & Finance, Healthcare, Government, Defense, Travel & Immigration, Consumer Electronics and Commercial Security) & by Geography – Forecasts (2012 – 2017)".

Early buyers will receive 10% customization on this report.

Multi-factor authentication (MFA) implies user and employee authentication by verifying two or more authentication techniques (hardware token, One Time Password, Password/PIN, and biometric traits) provided by him/her. MFA has become the most important part of security due to increase in unauthorized access, frauds, border intrusion, etc. MFA is increasingly getting deployed at all the security checkpoints of airports, commercial complex, retail malls, banking & finance, etc. MFA provides accurate authentication and negligible margin of duplicity or error.

This report describes the various types of biometric and non-biometric technologies such as hardware and software tokens, OTP (One Time Password), and biometric recognition that are being used for different applications. The above-mentioned techniques can be combined to form two-, three-, four-, and five-factor aut
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