|By PR Newswire||
|March 11, 2014 09:00 PM EDT||
DUBLIN, Ireland, March 12, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/q9wqlh/global) has announced the addition of the "Global Multi-factor Authentication Market - Forecasts to 2016" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
One of the main trends witnessed in the Global Multi-factor Authentication market is increased popularity of phone-based authentication solutions. Advantages such as high scalability, no requirement to carry extra hardware, and easy implementation have increased the adoption of phone-based authentication solutions in comparison with traditional hardware tokens. Furthermore, phone-based authentication can generate an OTP and at the same time it can be used for biometric scanning.
Thus, the device can be used for three-factor authentication as well. Since virtually everyone carries a mobile phone, there is no need for further investment in hardware tokens. According to the report, one of the main factors driving the market is the increasing number of regulatory requirements. Enterprises are required to comply with these regulations and standards in order to secure their data. In cases of non-compliance, these enterprises may have to pay penalties, which could damage their reputation.
Further, the report states that one of the main challenges is high cost of deployment. The initial cost of hardware tokens is high because it includes the hardware cost, support services, and the deployment cost. The loss or damage of hardware tokens would further increase the overall cost of hardware tokens.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are ActivIdentity Corp., Aladdin, Anakam, Arcot, Authentify, CryptoCard, Deepnet Security, ID Control, PhoneFactor, PortWise, Quest Software, SafeNet, SecureAuth, Secure Envoy, SecurStar, Swivel Secure, Tricerion, and TriCipher.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
1. Executive Summary
2. List of Abbreviations
4. Market Research Methodology
5. Scope of the Report
6. Market Landscape
7. Geographical Segmentation
8. Key Leading countries
9. Vendor Landscape
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Key Vendor Analysis
17. Other Reports in this Series
- ActivIdentity Corp.
- Deepnet Security
- EMC Corp.
- Entrust Inc.
- Gemalto N.V.
- ID Control
- Quest Software
- Secure Envoy
- Swivel Secure
- VASCO Data Security International Inc.
For more information visit http://www.researchandmarkets.com/research/q9wqlh/global
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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