1. Increasing incidents of cyber-attacks and data breaches leading to higher demand for secure authentication solutions.
2. Stringent government regulations and compliance requirements driving the adoption of multifactor authentication.
3. Expansion of e-commerce and online banking leading to the need for stronger authentication methods.
4. Growing adoption of mobile and cloud-based applications requiring secure access control solutions.
Industry
Report Coverage | Details |
---|---|
Segments Covered | Authentication, End-User |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Suprema HQ, SecureAuth, Safran Group, RSA Security LLC, NEC, Thales Group, Fujitsu Limited, Broadcom, VASCO Data Security International, and Gemalto NV |
1. High initial investment and ongoing maintenance costs associated with implementing multifactor authentication solutions.
2. Resistance to change and security concerns among end-users may slow down the adoption of multifactor authentication.
3. Lack of standardized authentication methods and interoperability issues across different platforms and systems.