Multi-factor authentication market to reach $5.45 billion by 2017
The two-factor authentication market will touch $5.45 billion by the year 2017, predicts MarketsandMarkets. The report looks at the market by authentication type, application and geography and predicts a compound annual growth of 17.3%. Multi-factor authentication refers to user and employee authentication that uses two or more verifying authentication techniques – hardware token, one-time password (OTP), password/PIN, biometrics, etc. Multi-factor authentication has become an integral part of personal and enterprise security due to increase in unauthorized access, fraud, border intrusion and more. To account for this, multi-factor authentication is being deployed at all the major security checkpoints at airports, commercial complexes, retail malls, banks, financial institutions and others. Multi-factor authentications value lies in its ability to provide accurate authentication along with a minimal margin of duplicity or error.
Related Posts
Saudi Arabia seizes 40m packages of illegal cosmetic products
Dubai: Saudi drug enforcement officers seized more than 40 million packages of...
Four held in Delhi for circulating fake currency notes
Four men were arrested for allegedly printing and circulating Fake Indian...
MP: Police nab fake Remdesivir sellers
Indore: Fake injections are being sold in the name of Remdesivir injection during...
Calgary man accused of smuggling 222 kg of undeclared tobacco into Canada
A Calgary man is accused of smuggling 222 kilograms of undeclared tobacco into...