Research and Markets has announced the addition of the “Multi-Factor Authentication Market – By Model/Type [Two, Three, Four & Five-Factor], Application & Geography – Forecasts (2012 – 2017)” report to its offering.
The global multi-factor authentication market is expected to reach $5.45 billion by 2017 at an estimated compound annual growth of 17.3% from 2012 to 2017. Increasing security concerns, use of multi-factor authentication in banking and finance, via smart phones, and increasing cyber-crime are just some of the many reasons contributing to the rise of the MFA market.
Other key developments in the authentication industry include Microsoft buying PhoneFactor; Apple acquiring AuthenTec; and L1 Identity, a biometric technology company was bought by Sagem Morpho. Several other acquisitions, mergers, new product launch, agreements etc. have happened and are discussed in the report.
The Research and Markets report segregates the overall multi-factor authentication market into various application areas such as government, defense, banking and finance, travel and immigration, healthcare, consumer electronics, commercial security, and others.
It also profiles companies active in the field of MFA technology and highlights the winning imperatives and burning issues pertaining to the MFA industry.