Global Two-factor Biometrics Market 2016-2020

Published: June 2016
No. of Pages: 58
    ReportsandReports

The rising occurrences of criminal activities in the BFSI, PCI, government, and healthcare, sectors are leading to a higher demand for cyber security solutions. There is a heightened need for highly reliable personal authentication and identification systems to reduce security risks. Two-factor biometric solutions are used to ensure physical and information security. Here, the user needs to provide the second piece of information ? a code, a temporary password, or a finger swipe ? to access credentials. If the user is unable to provide the correct information, the account remains locked.

The analysts forecast global two-factor biometrics market to grow at a CAGR of 22.87% during the period 2016-2020.

Covered in this report

This report covers the present scenario and the growth prospects of the global two-factor biometrics market for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of two-factor biometric products and services.

Two-factor biometric products include hardware products such as one-time password (OTP) tokens, USB tokens, mini tokens, and subscriber identity module (SIM) tokens

Two-factor biometric services include software and services such as OTP software and software-based security tokens. They also include out-of-band authentication (OOB) services and cloud-based two-factor authentication services.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • MEA
  • North America
  • South America

The report, Global Two-Factor Biometrics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • EMC
  • Entrust
  • Gemalto
  • VASCO

Other prominent vendors

  • Authenex
  • Authentify
  • Authy
  • Deepnet Security
  • DynaPass
  • Fortinet
  • HID Global
  • Meontrust
  • Mi-Token
  • PointSharp
  • Protectimus Solutions
  • SecureAuth
  • SecurEnvoy
  • SecurStar
  • SecuTech Solutions
  • Swivel Secure

Market driver

  • Growing number of online transactions
  • For a full, detailed list, view our report

Market challenge

  • Vulnerability of hardware devices to physical damage
  • For a full, detailed list, view our report

Market trend

  • Increasing adoption of two-factor biometrics by SMBs
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Published By: Technavio
Product Code: Infiniti Research Limited12082


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