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
2 interstate tobacco smugglers held with 150kg contraband
Coimbatore: The food safety department detained two men, who were smuggling 150kg...
ASPA & MFI Join Hands to Host First International Authentication Conference in India
Spurred by rising cases of infringements, adulteration, foray of counterfeit...
DRI arrests fake currency handler; seizes Rs 2000 notes from his possession
Directorate of Revenue Intelligence (DRI) on Tuesday arrested fake currency note...
Region rolls out sim card switch-off
The crackdown on fake phones and unregistered subscribers in East Africa is...