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Global Two-Factor Authentication Market to Grow at a CAGR of 23.57%, 2017-2021 with Entrust, Gemalto, RSA Security, SecurEnvoy & VASCO Data Security International - Research and Markets

[February 03, 2017]

Global Two-Factor Authentication Market to Grow at a CAGR of 23.57%, 2017-2021 with Entrust, Gemalto, RSA Security, SecurEnvoy & VASCO Data Security International - Research and Markets

Research and Markets has announced the addition of the "Global Two-Factor Authentication Market 2017-2021" report to their offering.

The global 2FA market to grow at a CAGR of 23.57% during the period 2017-2021.

The advanced 2FA solutions prevent data breach by using verification techniques like hardware OTP authentication, smart card-based authentication, phone-based authentication, and biometrics. The 2FA solutions require two types of credentials to verify a person's identity or a transaction. This creates an additional layer of security that makes it difficult for an unauthorized person to access a database or computing device. The surge in online transactions through mobile devices, such as smartphones, laptops, and tablets, for banking and e-commerce, has increased the urgency for 2FA.

The report 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.

According to the report, consumers depend on the Internet to perform transactions. Online transactions are instant and easy. However, financial transactions are vulnerable to cyber attacks. Major vendors, such as Gemalto (News - Alert), are providing hardware OTP tokens with payment functionality for banking transactions. Some of Gemalto's offerings are EZIO onCard PAD, Ezio Talk Token, and EZIO Pico.

Key vendors: