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
Two men arrested by HMRC as part of investigation into suspected multi-million pound tobacco smuggling fraud
A MAN from Dagenham was arrested by HMRC last week as part of an investigation...
How the government’s gold policies make India’s neighbors richer and this country itself poorer.
In 2013, the UPA government imposed a 10 percent import duty on gold. P...
Spicejet passenger conceals gold worth ₹16 lakh in her sandals, held at Mumbai Airport | Watch
The Mumbai Airports Customs officials on 20 March seized 240 grams of gold...
Counterfeiting of products now big industry in India: Bengal minister
Counterfeiting of products have become a "big industry" in India that is...