|By Business Wire||
|May 26, 2014 06:51 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/smrjrf/multifactor) has announced the addition of the "Multifactor Authentication Market in South Korea and Japan 2014-2018" report to their offering.
The Multifactor Authentication market in South Korea and Japan to grow at a CAGR of 31.4% and 31.3% in South Korea and Japan respectively to 2018.
The increase in security attacks on government departments is one of the major factors driving the market. Government departments are currently adopting the latest technologies such as multifactor authentication, which provides two or three levels of security, to replace manual processes of managing and controlling data.
With the increasing competition in the Multifactor Authentication market in South Korea and Japan, vendors are expanding their overseas to tap the untapped potential market. For instance, in 2012, the South Korea Knowledge Security Industry Association and Singapore Infocomm Technology Federation signed a memorandum of understanding to promote IT security companies in both countries. Some vendors, especially in developing regions, have little knowledge about managed security services. Therefore, most of these vendors are increasingly relying on their partners to deploy such solutions.
Further, the report states that one of the major challenges is the high cost involved in the implementation of multifactor authentication solutions. Although these solutions are associated with several potential benefits, certain organizations refrain from investing in them because of their high cost.
Key vendors dominating this space include
- EMC Corp.
- Entrust Inc.
- Gemalto NV
- SafeNet Inc.
- VASCO Data Security International Inc.
Other vendors mentioned in the report are
- Authentify Inc.
- CA Technologies Inc.
- Deepnet Security Ltd.
- ID Control
- SecureAuth Corp.
- SecurStar GmbH
- SecurEnvoy plc
- Quest Software Inc.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/smrjrf/multifactor
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