The report forecasts the global two-factor biometrics market to grow at a CAGR of 22.87% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One trend which is helping boost market growth is the rising adoption of two-factor biometrics by SMBs. Most SMBs are conscious about investments and cannot afford high-end token authentication devices. So, a decline in the prices of biometric tokens has led to their increased adoption among cost-conscious SMBs. Increasing number of online transactions and cyber attacks have resulted in the wider adoption of hardware devices. To enhance the security of critical data, it has become important for organizations to adopt biometric tokens.
According to the report, a key growth driver is the rising number of online transactions. Consumers are becoming increasingly dependent on the internet for financial transactions as it is convenient. Internet-based financial transactions are vulnerable to cyber attacks and security threats. The volume of cyber attacks is increasing in line with the rising number of online transactions, especially in sectors such as BFSI, PCI, healthcare, and retail. To make online transactions more secure, organizations are using hardware OTP token authentication methods.
- 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?
- Deepnet Security
- HID Global
- Protectimus Solutions
- SecuTech Solutions
- Swivel Secure
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Authentication architecture
PART 06: Types of two-factor authentication
PART 07: Market landscape
PART 08: Market assumptions
PART 09: Life cycle analysis
PART 10: Market segmentation by end-user
PART 11: Geographical segmentation
PART 12: Buying criteria
PART 13: Market drivers
PART 14: Impact of drivers
PART 15: Market challenges
PART 16: Impact of drivers and challenges
PART 17: Market trends
PART 18: Impact of trends
PART 19: Five forces model
PART 20: Key vendor analysis
PART 21: Other prominent vendors
PART 22: Appendix
PART 23: About the Author
For more information visit http://www.researchandmarkets.com/research/bnfbk5/global_twofactor
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SOURCE Research and Markets