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Global Multi-factor Authentication Market 2016-2020 - Increased Need for Network Security on Mobile Devices - Research and MarketsDUBLIN, April 28, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Multi-factor Authentication Market 2016-2020" report to their offering. The global multi-factor authentication market is set to grow at a CAGR of 22.18% during the period 2016-2020. Multi-factor authentication is a security system that requires more than one type of authentication to verify the identity of a user for the purpose of login or transaction:
OOB authentication uses two separate networks that work simultaneously to identify a user. This authentication technology is a type of two-factor authentication and works well even if a fraudulent user gains all security credentials to a user's account. The transaction is not complete withou access to the second authentication network. The OOB authentication method is cheaper to deploy compared to keys and more complex biometric technologies. Hardware OOB authentication tokens and mobile phone-based OOB authentication tokens such as SMS and back-up calls are the OOB authentication methods available. According to the report, the growing need for uninterrupted connectivity in corporate offices has compelled employees to use portable devices such as cell phones, tablets, and PCs to gain access to confidential information. Hackers can easily gain access to data stored on mobile devices, which may lead to the misuse of critical data. So, the need for security of the data stored on mobile devices has increased. Further, the report states that the market is controlled by a small set of vendors and the low competition is resulting in high initial deployment and replacement costs. Key vendors:
Report Structure: PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Market description PART 06: Market landscape PART 07: Life cycle analysis PART 08: Market segmentation by offering PART 09: Market segmentation by technology PART 10: Market segmentation by application PART 11: Market segmentation by end-user PART 12: Geographical segmentation PART 13: Buying criteria PART 14: Market drivers PART 15: Impact of drivers PART 16: Market challenges PART 17: Impact of drivers and challenges PART 18: Market trends For more information visit http://www.researchandmarkets.com/research/mkjgj8/global Media Contact: Research and Markets Laura Wood, Senior Manager For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
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