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Global Two-factor Biometrics Market 2016-2020

Published By :

Technavio

Published Date : Jun 2016

Category :

Biometrics

No. of Pages : 58 Pages

About the Two-Factor Biometrics Market

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.

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

Covered in this report
The 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

Technavio's report, Global Two-Factor Biometrics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The 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?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.



PART 01: Executive summary
Highlights
Market overview
PART 02: Scope of the report
Market overview
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Authentication architecture
Two or more factor authentication versus single-factor authentication
PART 06: Types of two-factor authentication
Passwords
Hard tokens
Soft tokens
OTP
Biometrics
Advantages of two-factor biometrics
PART 07: Market landscape
Market overview
PART 08: Market assumptions
PART 09: Life cycle analysis
Global multi-factor biometrics market
Two-factor biometrics in global multi-factor biometrics market
Global two-factor biometrics market
PART 10: Market segmentation by end-user
Segmentation of global two-factor biometrics market by end-user
PART 11: Geographical segmentation
Geographical segmentation of two-factor biometrics market
Geographical segmentation of two-factor biometrics market by revenue
PART 12: Buying criteria
Buying criteria for two-factor biometrics
PART 13: Market drivers
Increasing use of mobile devices
Growing number of online transactions
Increasing security threats
Growing demand in BFSI sector
PART 14: Impact of drivers
PART 15: Market challenges
Increasing hardware costs of biometric tokens
Changing customer preferences
Vulnerability of hardware devices to physical damage
Rising number of technical defects
PART 16: Impact of drivers and challenges
PART 17: Market trends
Introduction of OOB authentication
Emergence of cloud-based two-factor authentication
Increasing adoption of two-factor biometrics by SMBs
Launch of unified platforms for authentication purposes
PART 18: Impact of trends
PART 19: Five forces model
PART 20: Key vendor analysis
Competitive scenario
Vendor highlights
Vendor matrix
Vendor competitive rating
Description of major vendors
PART 21: Other prominent vendors
PART 22: Appendix
List of abbreviations
PART 23: Explore Technavio

List of Exhibits
Exhibit 01: Market summary
Exhibit 02: Authentication architecture
Exhibit 03: Two or more factor authentication versus single-factor authentication
Exhibit 04: Overview of two-factor biometrics market
Exhibit 05: Market assumptions
Exhibit 06: Life cycle of two-factor biometrics
Exhibit 07: Global multi-factor biometrics market 2015-2020 ($ billions)
Exhibit 08: Share of two-factor biometrics in global multi-factor biometrics market 2015-2020
Exhibit 09: Global two-factor biometrics market 2015-2020 ($ billions)
Exhibit 10: Global two-factor biometrics market by end-user 2015 (% share)
Exhibit 11: Geographical segmentation of two-factor biometrics market 2015-2020 (% share)
Exhibit 12: Two-factor biometrics market by revenue 2015-2020 ($ billions)
Exhibit 13: Buying criteria for two-factor biometrics
Exhibit 14: Impact of drivers
Exhibit 15: Impact of drivers and challenges
Exhibit 16: Impact of trends
Exhibit 17: Five forces model
Exhibit 18: Key news
Exhibit 19: M&A
Exhibit 20: Product offerings
Exhibit 21: Features of products offered by vendors
Exhibit 22: Vendor competitive rating
Exhibit 23: Other prominent vendors

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