#Global Multifactor Authentication Market size

[global-research-report]

Zero Trust Security: The Future of Protecting Your Business

The global zero trust security market size is anticipated to reach USD 82.45 billion by 2030, growing at a CAGR of 16.6% from 2023 to 2030, according to a recent study by Grand View Research, Inc. The growing sophistication of cyber threats and their negative impact on an organization’s operational activity have compelled several policymakers, governments, and authorities to implement and form regulations. Currently, more than 120 countries have implemented some form of privacy laws for data protection. This is to promote data security and support consumers in ensuring that data is stored in a secured infrastructure. For instance, in August 2021, China legislated its omnibus data protection legislation, the Personal Information Protection Law (PIPL), which protects personal data and regulates processing. It went into effect on November 1, 2021. The PIPL is intended to govern the processing of Personal Information (PI) of Chinese citizens within and outside of China. The PIPL coexists with the Chinese Cybersecurity Law (CSL), which governs internet service providers, internet infrastructure, and national cyber security, and the Data Security Law (DSL), which governs data security in general.

The regulations and laws related to data protection generally follow the principles of notice, choice and consent, access and participation, integrity and security, and enforcement. These principles form a basic structure to advise users of the policies to safeguard their personal information, a consent to store or collect personal information, ensure the information has no unauthorized access, and ensure data collection follows compliance. As the Internet of Things (IoT) expands across organizations and an increasing number of IoT applications collect consumer data from several touchpoints, the risk of data theft and unauthorized access to data increases. Data protection regulations and laws are essential to prevent such attempts. Such regulations compel companies to maintain adequate security compliances and form zero-trust policies, driving market growth.

Over the years, targeted attacks on organizations across the globe have increased significantly. Attackers infiltrate a target organization's network infrastructure through endpoints, cloud-based applications, and other vulnerable networks. Such targeted attacks negatively impact a business's critical operations, leading to financial losses, loss of sensitive customer information, and loss of intellectual property. According to a sponsored study conducted by Trend Micro Incorporated with Quocirca, the most common objective of a targeted cyberattack is to impact organizational financial gains. Thus, a proactive detection layer is paramount to prevent the risk of losing regulated personal data, intellectual property, and financial loss. Through zero security principles, proactive detection and mitigation of cyber threats can be achieved by identifying the behavior of users infiltrating any network.

Zero Trust Security Market Report Highlights

The network security segment of the market is expected to register the highest CAGR from 2023-2030, more than 18%. The growth of the network security segment can be attributed to its benefits which include mitigating risks, protecting propriety information, and enabling a modern workplace, among others

During the forecast period, the cloud segment is expected to witness the highest CAGR of more than 16% in the market. The growth of the cloud segment can be attributed to benefits such as better scalability, flexibility, and improved security, among others

The multifactor authentication segment is estimated to occupy the largest share of the market by authentication in 2022. The multifactor authentication offers added layers of security, which have been a major factor in the segment's growth

The SME segment of the market is projected to register the highest growth rate over the forecast period, owing to the rising need for cyber security among SMEs, and the low price of zero trust security owing to cloud deployment has also been driving the growth of the SME segment

The healthcare segment of the zero trust security model is projected to register the highest growth rate of 19%. The increasing cyber-attack against the healthcare industry has been a major driving factor for adopting zero-trust security

The Asia Pacific region of the zero trust security industry is projected to witness the highest growth rate by region over the forecast [period. The region's growth can be attributed to rising digitalization combined with improving cybersecurity regulation.  

Zero Trust Security Market Segmentation

Grand View Research has segmented the global zero trust security market based on security type, deployment, organization size, authentication, application, and region:

Zero Trust Security Security Type Outlook (Revenue, USD Billion, 2018 - 2030)

Network Security

Data Security

Endpoint Security

Cloud Security

Others

Zero Trust Security Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

On-premises

Cloud

Zero Trust Security Organization Size Outlook (Revenue, USD Billion, 2018 - 2030)

SMEs

Large Enterprise

Zero Trust Security Authentication Outlook (Revenue, USD Billion, 2018 - 2030)

Single-factor Authentication

Multi-factor Authentications

Zero Trust Security Application Outlook (Revenue, USD Billion, 2018 - 2030)

IT & Telecom

BFSI

Healthcare

Retail

Others

Zero Trust Security Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Europe

UK

Germany

France

Italy

Spain

Asia Pacific

China

India

Japan

Australia

South Korea

Latin America

Brazil

Mexico

Argentina

Middle East and Africa

UAE

Saudi Arabia

South Africa

Key players in the Zero Trust Security Market

Akamai Technologies

Appgate

Broadcom

Check Point Software Technologies Ltd.

Cisco Systems, Inc.

Cloudflare, Inc.

CrowdStrike

Forcepoint

Fortinet, Inc.

IBM

Musarubra US LLC

Microsoft

Okta

Palo Alto Networks

Zscaler, Inc.

Order a free sample PDF of the Zero Trust Security Market Intelligence Study, published by Grand View Research.

[industrynewsupdates]

An In-Depth Look at the Growth of Global Zero Trust Security Market

The global zero trust security market size is anticipated to reach USD 82.45 billion by 2030, growing at a CAGR of 16.6% from 2023 to 2030, according to a recent study by Grand View Research, Inc. The growing sophistication of cyber threats and their negative impact on an organization’s operational activity have compelled several policymakers, governments, and authorities to implement and form regulations. Currently, more than 120 countries have implemented some form of privacy laws for data protection. This is to promote data security and support consumers in ensuring that data is stored in a secured infrastructure. For instance, in August 2021, China legislated its omnibus data protection legislation, the Personal Information Protection Law (PIPL), which protects personal data and regulates processing. It went into effect on November 1, 2021. The PIPL is intended to govern the processing of Personal Information (PI) of Chinese citizens within and outside of China. The PIPL coexists with the Chinese Cybersecurity Law (CSL), which governs internet service providers, internet infrastructure, and national cyber security, and the Data Security Law (DSL), which governs data security in general.

The regulations and laws related to data protection generally follow the principles of notice, choice and consent, access and participation, integrity and security, and enforcement. These principles form a basic structure to advise users of the policies to safeguard their personal information, a consent to store or collect personal information, ensure the information has no unauthorized access, and ensure data collection follows compliance. As the Internet of Things (IoT) expands across organizations and an increasing number of IoT applications collect consumer data from several touchpoints, the risk of data theft and unauthorized access to data increases. Data protection regulations and laws are essential to prevent such attempts. Such regulations compel companies to maintain adequate security compliances and form zero-trust policies, driving market growth.

Gather more insights about the market drivers, restrains and growth of the Zero Trust Security Market

Zero Trust Security Market Report Highlights

• The network security segment of the market is expected to register the highest CAGR from 2023-2030, more than 18%. The growth of the network security segment can be attributed to its benefits which include mitigating risks, protecting propriety information, and enabling a modern workplace, among others

• During the forecast period, the cloud segment is expected to witness the highest CAGR of more than 16% in the market. The growth of the cloud segment can be attributed to benefits such as better scalability, flexibility, and improved security, among others

• The multifactor authentication segment is estimated to occupy the largest share of the market by authentication in 2022. The multifactor authentication offers added layers of security, which have been a major factor in the segment's growth

• The SME segment of the market is projected to register the highest growth rate over the forecast period, owing to the rising need for cyber security among SMEs, and the low price of zero trust security owing to cloud deployment has also been driving the growth of the SME segment

• The healthcare segment of the zero trust security model is projected to register the highest growth rate of 19%. The increasing cyber-attack against the healthcare industry has been a major driving factor for adopting zero-trust security

• The Asia Pacific region of the zero trust security industry is projected to witness the highest growth rate by region over the forecast [period. The region's growth can be attributed to rising digitalization combined with improving cybersecurity regulation.  

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Zero Trust Security Market Segmentation

Grand View Research has segmented the global zero trust security market based on security type, deployment, organization size, authentication, application, and region:

Zero Trust Security Security Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Network Security

• Data Security

• Endpoint Security

• Cloud Security

• Others

Zero Trust Security Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• On-premises

• Cloud

Zero Trust Security Organization Size Outlook (Revenue, USD Billion, 2018 - 2030)

• SMEs

• Large Enterprise

Zero Trust Security Authentication Outlook (Revenue, USD Billion, 2018 - 2030)

• Single-factor Authentication

• Multi-factor Authentications

Zero Trust Security Application Outlook (Revenue, USD Billion, 2018 - 2030)

• IT & Telecom

• BFSI

• Healthcare

• Retail

• Others

Zero Trust Security Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o UK

o Germany

o France

o Italy

o Spain

• Asia Pacific

o China

o India

o Japan

o Australia

o South Korea

• Latin America

o Brazil

o Mexico

o Argentina

• Middle East and Africa

o UAE

o Saudi Arabia

o South Africa

Order a free sample PDF of the Zero Trust Security Market Intelligence Study, published by Grand View Research.

[marketanalysisdata]

Identity And Access Management Market Product Driving Factors, Capacity and Growth Rate Analysis to 2030

The global identity and access management (IAM) market was valued at USD 15.93 billion in 2022, with expectations to grow at a compound annual growth rate (CAGR) of 12.6% from 2023 to 2030. IAM solutions provide a critical framework that ensures only authorized individuals and roles within an organization can access necessary resources, applications, and tools to fulfill their duties effectively. This system enables organizations to manage user access across various applications without needing administrator-level access for every single app, simplifying user management and boosting security. With the rise in IoT and AI technologies, heightened awareness around regulatory compliance, and increased digital platform reliance, the demand for IAM solutions is anticipated to grow significantly over the forecast period.

With the rapid rise of cloud adoption and advanced digital technologies, instances of cyber fraud and other malicious activities are increasing. Consequently, businesses are implementing IAM systems that incorporate identity analytics and intelligence to monitor unusual account behaviors and alert administrators of potential threats. IAM systems help businesses identify and remove inactive accounts, detect policy violations, and remove unauthorized access privileges. This reduces security risks and fosters compliance with data protection and privacy regulations, which are growing concerns for enterprises of all sizes. IAM also offers cost-effective solutions for application administration by centralizing connectivity and simplifying identity modifications, ultimately enhancing user reliability and reducing administrative tasks associated with access management.

Gather more insights about the market drivers, restrains and growth of the Identity And Access Management Market

Moreover, the integration of IAM solutions with mobile device management (MDM) further enhances their functionality and ensures comprehensive control over mobile access. MDM is an essential component of IAM, enabling administrators to control applications and users on mobile devices securely. Given that IAM is used on multiple device types, extending it to mobile devices becomes a critical need for organizations. MDM supports this by facilitating app provisioning, enforcing device security policies, and protecting each connected device, thereby improving overall security. Together, IAM and MDM create a robust security system for user identity and device control, providing flexibility and enhanced security for businesses with a mobile workforce.

Component Segmentation Insights:

The IAM market is categorized into several components, including audit, compliance & governance, directory service, multifactor authentication, provisioning, password management, and single sign-on (SSO). Among these, the provisioning segment led the market in 2022, accounting for over 29.70% of the total revenue. Provisioning services are vital because they add an extra security layer by authenticating and granting individual users controlled access to an organization’s information systems. This added security has bolstered the adoption of provisioning solutions, helping businesses protect sensitive data and restrict access only to verified users.

Multifactor authentication (MFA) is projected to grow at the fastest CAGR over the forecast period. MFA enhances security by requiring users to present multiple credentials (such as a password and a secondary code or biometric verification) before accessing applications. This added security layer significantly strengthens access control and reduces unauthorized access risks. Consequently, a growing number of businesses across diverse industries are adopting MFA to secure sensitive applications and data. With cyber threats on the rise, the demand for MFA is likely to continue to accelerate as organizations prioritize enhanced security measures to protect their operations.

The overall growth trajectory of the IAM market reflects an increasing demand for secure, scalable, and user-friendly access management solutions as digital platforms become more critical to business success. As the market evolves, IAM will continue to play a key role in helping organizations enhance security, ensure regulatory compliance, and improve operational efficiency.

Order a free sample PDF of the Identity And Access Management Market Intelligence Study, published by Grand View Research.

[marketstudyreport]

Identity And Access Management Market Research: Growth Opportunities by Regions, Types & Applications to 2030

The global identity and access management (IAM) market was valued at USD 15.93 billion in 2022, with expectations to grow at a compound annual growth rate (CAGR) of 12.6% from 2023 to 2030. IAM solutions provide a critical framework that ensures only authorized individuals and roles within an organization can access necessary resources, applications, and tools to fulfill their duties effectively. This system enables organizations to manage user access across various applications without needing administrator-level access for every single app, simplifying user management and boosting security. With the rise in IoT and AI technologies, heightened awareness around regulatory compliance, and increased digital platform reliance, the demand for IAM solutions is anticipated to grow significantly over the forecast period.

With the rapid rise of cloud adoption and advanced digital technologies, instances of cyber fraud and other malicious activities are increasing. Consequently, businesses are implementing IAM systems that incorporate identity analytics and intelligence to monitor unusual account behaviors and alert administrators of potential threats. IAM systems help businesses identify and remove inactive accounts, detect policy violations, and remove unauthorized access privileges. This reduces security risks and fosters compliance with data protection and privacy regulations, which are growing concerns for enterprises of all sizes. IAM also offers cost-effective solutions for application administration by centralizing connectivity and simplifying identity modifications, ultimately enhancing user reliability and reducing administrative tasks associated with access management.

Gather more insights about the market drivers, restrains and growth of the Identity And Access Management Market

Moreover, the integration of IAM solutions with mobile device management (MDM) further enhances their functionality and ensures comprehensive control over mobile access. MDM is an essential component of IAM, enabling administrators to control applications and users on mobile devices securely. Given that IAM is used on multiple device types, extending it to mobile devices becomes a critical need for organizations. MDM supports this by facilitating app provisioning, enforcing device security policies, and protecting each connected device, thereby improving overall security. Together, IAM and MDM create a robust security system for user identity and device control, providing flexibility and enhanced security for businesses with a mobile workforce.

Component Segmentation Insights:

The IAM market is categorized into several components, including audit, compliance & governance, directory service, multifactor authentication, provisioning, password management, and single sign-on (SSO). Among these, the provisioning segment led the market in 2022, accounting for over 29.70% of the total revenue. Provisioning services are vital because they add an extra security layer by authenticating and granting individual users controlled access to an organization’s information systems. This added security has bolstered the adoption of provisioning solutions, helping businesses protect sensitive data and restrict access only to verified users.

Multifactor authentication (MFA) is projected to grow at the fastest CAGR over the forecast period. MFA enhances security by requiring users to present multiple credentials (such as a password and a secondary code or biometric verification) before accessing applications. This added security layer significantly strengthens access control and reduces unauthorized access risks. Consequently, a growing number of businesses across diverse industries are adopting MFA to secure sensitive applications and data. With cyber threats on the rise, the demand for MFA is likely to continue to accelerate as organizations prioritize enhanced security measures to protect their operations.

The overall growth trajectory of the IAM market reflects an increasing demand for secure, scalable, and user-friendly access management solutions as digital platforms become more critical to business success. As the market evolves, IAM will continue to play a key role in helping organizations enhance security, ensure regulatory compliance, and improve operational efficiency.

Order a free sample PDF of the Identity And Access Management Market Intelligence Study, published by Grand View Research.

[jayanthitbrc]

Biometric Cards Market Outlook 2024-2033: Trends and Projections

The biometric cards global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Biometric Cards Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The biometric card market size has grown rapidly in recent years. It will grow from $11.09 billion in 2023 to $13.03 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The growth in the historic period can be attributed to rising security needs, rising fraud concerns, regulatory compliance, increasing consumer convenience, and an increasing number of smartphone users.

The biometric card market size is expected to see rapid growth in the next few years. It will grow to $24.94 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%. The growth in the forecast period can be attributed to increasing cybersecurity threats, growing contactless payment systems, increasing demand for multifactor authentication, increasing demand for secure and reliable identification solutions, and rising demand for high-security applications. Major trends in the forecast period include the integration of contactless payment technology, the development of efficient biometric enrollment solutions, exploring blockchain technology, advancements in biometric sensors and algorithms, and integration with mobile devices.

Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/biometric-cards-global-market-report

Scope Of Biometric Cards Market The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Biometric Cards Market Overview

Market Drivers - The growing contactless payment systems are expected to propel the growth of the biometric card market going forward. A contactless payment system is a secure way for customers to buy items or services with a debit, credit, or smart card that uses radio frequency identification (RFID) technology or near-field communication (NFC). The widespread adoption of smartphones and the use of digital wallets have significantly boosted contactless payments. These biometric cards are particularly appealing in retail environments where reducing transaction time can improve operational efficiency and customer satisfaction​. Biometric cards in contactless payments enhance security with fingerprint authentication, reduce fraud, and attract customers and businesses while maintaining the speed of contactless payments. For instance, in January 2024, according to the European Central Bank, a Germany-based central bank of the European Union countries, the number of contactless card payments in the first half of 2023 increased by 24.3% from 20.9 billion in the first half of 2022, with the corresponding total value rising by 25.9% to €0.5 trillion ($545.27 billion). Therefore, the growing contactless payment systems drive the biometric card market.

Market Trends - Major companies operating in the biometric card market are focused on developing next-generation solutions, such as fingerprint biometric security, to provide a revolutionary payment experience and improve consumer satisfaction. Fingerprint biometric security is the process of identifying and verifying individuals based on their unique fingerprint patterns, providing high security and convenience. For instance, in June 2022, Rocker, a Sweden-based fintech company, launched the Rocker Touch. It is the first biometric payment card technology. The card employs IDEMIA's F.CODE technology, which combines chip technology and a fingerprint biometric sensor to verify the cardholder's identification. This allows consumers to authorize payments by placing their finger on the card, eliminating the need to input a PIN. Biometric data is securely saved on the chip and never leaves the card, ensuring user privacy and security.

The biometric cards market covered in this report is segmented –

1) By Type: Contact Biometric Cards, Contactless Biometric Cards 2) By Application: Payments, Access Control, Government Identification Document (ID) And Financial Inclusion, Other Applications 3) By End-User Vertical: Banking, Financial Services, And Insurance (BFSI), Retail, Government, Healthcare, Commercial Entities, Other End-User Verticals

Get an inside scoop of the biometric cards market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=18259&type=smp

Regional Insights - North America was the largest region in the biometric card market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biometric cards market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the biometric cards market are Samsung Semiconductor, Visa Inc., Mastercard, Thales Group, STMicroelectronics NV, IDEMIA Group, JCB Co. Ltd., KONA I Co. Ltd., FEITIAN Technologies Co. Ltd., Fingerprint Cards AB, Matica Technologies Group SA, Seshaasai Business Forms Private Limited, Precise Biometrics, Zwipe, NEXT Biometrics, Versasec AB, Ethernom, CardLogix Corporation, SmartMetric Inc., IDEX Biometrics

Table of Contents 1. Executive Summary 2. Biometric Cards Market Report Structure 3. Biometric Cards Market Trends And Strategies 4. Biometric Cards Market – Macro Economic Scenario 5. Biometric Cards Market Size And Growth ….. 27. Biometric Cards Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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[semiconductorindustry]

Global Multifactor Authentication Market Size, Share, Demand and Growth Forecast to 2027

The Global Multifactor Authentication Market Research Report published by VynZ Research offers first-hand data, qualitative and quantitative analysis by industry analysts, and inputs from industry experts and stakeholders across the entire chain. The research examines current market trends, macroeconomic factors, regional analysis in-depth, as well as market attractiveness by segment.

The Global Multifactor Authentication Market is anticipated to be valued at USD 23.9 billion by 2027, registering a market growth rate 16.3% CAGR during the 2021-2027. The Market research offers SWOT analysis of competitors including external environment analysis and PEST analysis. Furthermore, the Market study provides business methods for dealing with COVID-19 impact on the Market.

Get a sample copy of the market report: https://www.vynzresearch.com/semiconductor-electronics/multifactor-authentication-market/request-sample

Segmentation Analysis:

The study report examines significant market characteristics and latest developments, as well as research about relevant market segments and sub-segments, in-depth.

Segmentation of the Global Multifactor Authentication Market

By Model Type

Smart Card with Pin

Smart Card with Biometric Technology

Biometric Technology with Pin

Two-Factor Biometric Technology

One-Time Password with Pin

Smart Card with Pin and Biometric Technology

Smart Card with Two-Factor Biometric Technology

Pin with Two-Factor Biometric Technologies

Three-Factor Biometric Technology

By Component

Solutions

Hardware

Services

By Authentication Type

Password Authentication

Passwordless Authentication

By Industry Vertical

BFSI

Government

Travel and Immigration

Military and Defense

Commercial Security

IT

Telecommunication

Healthcare

Media and Entertainment

Other Verticals (Education, and Retail, and eCommerce

Prominent Leading Companies and Regional Outlook of Global Multifactor Authentication Market Share Analysis

The report also covers the market's major strategic developments, such as R&D, M&A, agreements, novel product launches, collaborations, partnerships, joint ventures, and regional growth of the market's competing firms on a global and regional scale.

Furthermore, the study includes Porter's five forces analysis of the industry to understand the impact of various factors on the growth of the market, such as bargaining power of suppliers, rivalry among competitors, the threat of new entrants, threat of substitutes products or service, and bargaining power of supplier.

The major industry players across the value chain for Global Multifactor Authentication Market include:

Broadcom

OneSpan

Okta

Microsoft

RSA Security LLC

Safran

Thales Group

SUPREMA

Ping Identity

Fujitsu

Some of the frequently asked questions addressed in the report include:

- What are the trends and drivers impacting the Global Multifactor Authentication Market?

-Preparation of SWOT and PESTLE analysis of competitors in the market.

-What are the regions covered in the report and the opportunities prevalent in the region leading to the growth of the market?

-What are the segments covered in the report and the strategies adopted by Industry Players in the Report?

-What are the innovative technologies in the market that are covered and their outlook?

-What are the regulations initiated by the government so as to expand the market?

- What are some recent trends that may have an impact on the product/service and return on investment (ROI)?

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About Company:

VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. VynZ have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.

[ellinapark]

Mobile Credential Reader Market Is Likely to Experience a Tremendous Growth in Near Future

Latest Report Available at Advance Market Analytics, “Mobile Credential Reader Market” provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.The global Mobile Credential Reader market focuses on encompassing major statistical evidence for the Mobile Credential Reader industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. A comprehensive addition of several factors such as global distribution, manufacturers, market size, and market factors that affect the global contributions are reported in the study. In addition the Mobile Credential Reader study also shifts its attention with an in-depth competitive landscape, defined growth opportunities, market share coupled with product type and applications, key companies responsible for the production, and utilized strategies are also marked.Some key players in the global Mobile Credential Reader market are:

HID Global (United States)

Suprema Inc. (South Korea)

AMAG Technology (United States)

Allegion plc (Ireland)

Identiv, Inc. (United States)

Honeywell International Inc. (United States)

STid (United States)

WaveLynx Technologies (United States)

Axis Communications AB (Sweden)

RF IDeas, Inc. (United States)

Keri Systems, Inc. (United States) The mobile credential reader provides access to the mobile credential and converts that information into the code data which is then passed for the interpretation. It provides access control allowing the smartphones authentication in accessing the office, it uses the Bluetooth low energy (BLE)

and near field communication (NFC) technology to read the credential providing secure and safe physical access to users.What's Trending in Market: Integration of Artificial Intelligence and Machine Learning in the Mobile Credential Reader

Challenges: Stiff Competition with New Entrants in the Mobile Credential Reader Market

Market Growth Drivers: Prevalence of Smartphones Usage Among Large Population Around the Globe

Rising Number of Mobile Data Crimes Need the Credential Reading to Provide Safety

The Global Mobile Credential Reader Market segments and Market Data Break Downby Application (Physical Access Control, Converged Access Control), Industry Verticals (Education, Commercial, Government, Other), Technology (Bluetooth Low Energy (BLE), Near field communication (NFC)), Features (Multifactor Authentication (MFA), Mass Notification, Location Awareness, Virtual Buttons, Personal Safety/Personal Emergency Response (PERS), Others

Presented By

AMA Research & Media LLP

[tumb11]

Europe Cartridge Heating Coil Market Size Growth Set to Surge Significantly during 2022-2030

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[imrmarket]

Global Multi-Factor Authentication (MFA) Market Size in 2022

The Multi-Factor Authentication (MFA) market will change significantly from the previous year. Over the next six years, will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028. The

Multifactor Authentication (MFA) Market

analysis covers the industry landscape, including market dynamics, upstream markets, and general market health. This report, which was based on an in-depth examination of key industry participants, primary and secondary data, presented an in-depth analysis of the overall growth prospects for the worldwide and regional market.

The competitive landscape of the Multi-Factor Authentication (MFA) Market offers specifics and player data. The research provides in-depth analysis and precise data on player revenue for the years 2022–2028. Additionally, it provides thorough analysis backed by trustworthy data on player revenue (at the global and regional levels) for the years 2022–2028. The company's description, primary business, total revenue and sales, revenue from the Multi-Factor Authentication (MFA) business, the date the company entered the Multi-Factor Authentication (MFA) market, the introduction of the Multi-Factor Authentication (MFA) product, recent developments, etc. are all included in the details.

Covid-19 Impact and Recovery Analysis on Industry:

We've kept track of Covid-19's direct impact on this market as well as its indirect impact on other industries. During the analysis period, the impact of the Covid-19 pandemic on the market is predicted to be significant. From a worldwide and regional viewpoint, this report examines the influence of the pandemic on the Multi-Factor Authentication (MFA) industry. The study categorizes the Multi-Factor Authentication (MFA) industry by type, application, and consumer sector to determine market size, market features, and market growth. It also includes a thorough examination of the factors that influenced market development before and after the Covid-19 pandemic. In addition, the research did a pest analysis in the sector to investigate major influencers and entrance obstacles.

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Leading players involved in the Multifactor Authentication (MFA) Market includes:

·         Microsoft

·         Duo Secuirty

·         Apersona，Inc

·         Biomio

·         EMC Corp.

·         Entrust Inc.

·         Gemalto NV

·         Deepnet Security

·         VASCO Data Security International Inc.

·         SafeNet Inc.

·         Symantec Corporation

·         CA Technology

·         Censornet Ltd

·         Symitar

Segmentation of Multifactor Authentication (MFA) Market:

The analysis also divides the Multifactor Authentication (MFA) Market on the Type:

·         Two-Factor Authentication

·         Three-Factor Authentication

·         Four-Factor Authentication

·         Five-Factor Authentication

The analysis also divides the Multifactor Authentication (MFA) Market on the Applications:

·         BFSI

·         Government

·         Travel and Immigration

·         Military and Defense

·         Commercial Security

·         IT

·         Telecommunication

·         Healthcare

·         Media and Entertainment

Regional Segmentation Multifactor Authentication (MFA) Market:

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain rest of region.)

·         Asia-Pacific (China, India, Japan, Southeast Asia rest of region.)

·         South America (Brazil, Argentina rest of region.)

·         Middle East & Africa (Saudi Arabia, South Africa rest of region

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The report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategy and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment to the emerging segment of the global Multifactor Authentication (MFA) market in the near future.

Research Objective:

·         To analyze and forecast the market size of the global Multi-Factor Authentication (MFA) market.

·         To classify and forecast the global Multi-Factor Authentication (MFA) market based on application.

·         To identify drivers and challenges for the global Multi-Factor Authentication (MFA) market.

·         To examine competitive developments such as mergers and acquisitions, agreements, collaborations and partnerships, etc., in the global Multi-Factor Authentication (MFA) market.

·         To conduct pricing analysis for the global Multi-Factor Authentication (MFA) market.

·         To identify and analyze the profile of leading players operating in the global Multi-Factor Authentication (MFA) market.

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The purpose of this report is to present a comprehensive assessment of the market, including thoughtful insights, facts, historical data, industry-validated market data and forecasts, along with appropriate assumptions and methodologies. The report also helps in understanding global Multifactor Authentication (MFA) market dynamics, structure by identifying and analyzing market segments and forecasting the global market size.

[industrynewsupdates]

Identity And Access Management Market In-Depth Analysis and Forecast, 2030

The global identity and access management market size is anticipated to reach USD 41.52 billion by 2030, registering a CAGR of 12.6% over the forecast period, according to a new study by Grand View Research Inc. Identity and access management (IAM) is a security discipline that ensures the right entities to use the right resources (data or apps). Advancements in the internet of things (IoT) and artificial intelligence (AI), rising awareness about regulatory compliance management, and increasing reliance on digital platforms & automation across industries are anticipated to drive the industry over the forecast period. The integration of IAM solutions and MDM is anticipated to drive market growth over the forecast period.The rising fraudulent and cybercrime activities are driving enterprises to implement IAM systems as a result of the rapid adoption of the cloud and the advancement of new technologies, such as AI and ML. IAM uses identity analytics and intelligence to monitor unusual user account activity.

Furthermore, IAM systems reduce the cost of services, such as outsourcing, among others. Hence, the rising enterprise identity and security concerns and the elimination of service costs drive the growth of the industry over the forecast period. Furthermore, high installation costs of identity and access management systems are expected to stifle the growth of the industry over the forecast period. The identity and access management industry is adopting the latest IAM business technologies as capital technology. These technologies have increased market opportunities for identity and access management which have been purchased and implemented in recent years. IAM contracts' market revenue necessitates extensive implementation. Hence, cloud-based IAM services and technology are becoming more accessible by the day which creates opportunities for market growth over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Identity And Access Management Market

Detailed Segmentation:

Component Insights

On the basis of components, the global industry has been further categorized into audit, compliance & governance, directory service, multifactor authentication, provisioning, password management, and single sign-on. The provisioning sub-segment dominated the industry in 2022 and accounted for the largest share of more than 29.70% of the overall revenue. Identity management as a service provides an additional layer of security by identifying, validating, and granting individuals access to a company's information systems.

Deployment Insights

On the basis of deployment modes, the global industry has been further classified into cloud, hybrid, and on-premise. The on-premise deployment sub-segment led the market in 2022 and accounted for the largest share of more than 50.45% of the overall revenue, due to the functionality of the solution without the need for an external network connection and access through Wide-Area Network (WAN) too. The cloud-based sub-segment is anticipated to register the highest CAGR over the forecast period.

End-use Insights

On the basis of end-uses, the industry has been further classified into BFSI; energy, oil & gas; telecom & IT; education; healthcare; public sector & utilities; manufacturing; and others. The public sector & utilities end-use segment dominated the industry in 2022 and accounted for the maximum share of more than 25.00% of the overall revenue. Rising digitalization adoption, increased investment in public sector applications, and the presence of a large amount of public data that are to be stored are the factors driving the segment growth.

Regional Insights

On the basis of geographies, the industry has been further categorized into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the global industry in 2022 and accounted for the largest share of more than 36.45% of the overall revenue. Increased cases of cyber-attacks faced by firms due to increased internet penetration are among the key driving factors for regional growth.

Browse through Grand View Research's Network Security Industry Research Reports.

• The global service provider network infrastructure market size was valued at USD 139.21 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2028.

• The global next-generation firewall market size was valued at USD 4.33 billion in 2021 and is expected to expand at a CAGR of 11.1% from 2022 to 2030. 

Key Companies & Market Share Insights

The global industry is highly competitive. Key players undertake various strategies, such as M&A, business expansions, and product portfolio expansions, to gain a higher market share. For instance, in May 2022, Microsoft announced the launch of a family of IAM named Entra. Entra includes its existing tools, such as Azure AD, with its new product, Decentralized Identity and Cloud Infrastructure Entitlement Management (CIEM). Entra is intended to safeguard access to any resource or application by allowing security professionals to detect and manage permissions in multi-cloud environments, allowing them to secure digital identities from end to end. 

Some of the prominent players in the global identity and access management market include:

• Amazon Web Services, Inc.

• Broadcom

• One Identity LLC.

• ForgeRock

• HID Global Corp.

• IBM

• McAfee, LLC

• Microsoft

• Okta

• OneLogin

• Oracle

• Ping Identity

Identity And Access Management Market Segmentation

Grand View Research has segmented the globalidentity and access management market on the basis of component, deployment, end-use, and region:

IAM Component Outlook (Revenue, USD Million, 2018 - 2030)

• Audit, Compliance & Governance

• Directory Service

• Multifactor Authentication

• Provisioning

• Password Management

• Single Sign-On

IAM Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• Cloud

• Hybrid

• On-premise

IAM End-use Outlook (Revenue, USD Million, 2018 - 2030)

• BFSI

• Energy, Oil & Gas

• Telecom & IT

• Education

• Healthcare

• Public Sector & Utilities

• Manufacturing

• Others

IAM Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

o Italy

o Spain

• Asia Pacific

o China

o India

o Japan

o Australia

o South Korea

• Latin America

o Brazil

o Mexico

o Argentina

• Middle East & Africa

o UAE

o Saudi Arabia

o South Africa

Order a free sample PDF of the Identity And Access Management Market Intelligence Study, published by Grand View Research.

[researchdive]

Biometrics Market to Perceive Substantial Growth By 2028

The global biometrics market size is estimated to be valued at $104,959.6 million by 2028, surging from $37,123.1 million in 2020, at a CAGR of 15.0%.

COVID-19 Impact on the Biometrics Market

During the COVID-19 pandemic, the industry's expansion was delayed by the temporary closure of manufacturing units and R&D facilities, which hampered worldwide supply networks. The short downturn in the aerospace, automobile, retail, and consumer electronics industries hampered biometrics demand in these industries. The restart of industrial activities will help to streamline supply chains and enhance the development of new identifying technologies. Companies are also working on developing contactless identification solutions to safeguard public safety (especially healthcare biometrics) and to pave the way for a big transition toward contactless biometrics solutions like iris, facial, and voice recognition.

Global Biometrics Market Analysis

Biometrics as a service have become almost common in smartphones and tablets. A significant increase in smartphone usage, as well as a larger need for easy and rapid biometric security in smartphone and tablet devices, have been major impulsive elements in the market's expansion. Smartphone makers have been heavily investing in the research and development of various biometric approaches, as well as their implementation in smartphones and tablets. Biometrics provide unique information that can be used to identify individuals, verify data, and validate personal biometry. Privacy or data discretion, users' data integrity, personal authentication, authorization or access control by the administrator, and non-repudiation are among the main benefits of biometric technology that are driving its widespread use.

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The high development cost of various biometric sensors is a major industry barrier. Consumers are finding it difficult to afford sensors because of the costs associated with the complete manufacturing process. The cost of producing raw materials for biometric sensors has also risen significantly, limiting consumers' access to these functionalities. Furthermore, due to the high expense of R&D operations, manufacturers have very little room to keep prices down.

In the coming years, developing trends in IoT-based biometric technology and the surge in use of fingerprint sensors in smartphones are projected to provide attractive potential for market expansion. Furthermore, as e-passports become more widely used, demand for biometric systems is likely to rise, boosting market growth in the future years.

Global Biometrics Market, Segmentation

The global biometrics market is segmented based on technology, authentication type, component, end-users, and region.

Technology:

The technology sub-segment is further classified into face recognition, fingerprint recognition, iris recognition, voice recognition, and others of which the fingerprint recognition type sub-segment is projected to generate the maximum revenue during the forecast period. The fingerprint recognition sub-segment is predicted to register a revenue of $31,511.3 million during the forecast period.

Authentication type:

The authentication type segment is further bifurcated into single-factor authentication and multifactor authentication sub-segments of which the single-factor authentication sub-segment is projected to generate highest revenue during the forecast period. It is predicted that the single-factor authentication sub-segment shall generate a revenue of $71,618.0 million by 2028, growing from $25,829.7 million in 2020, with a CAGR of 14.8%.

Component:

The component segment is further divided into mobile, PC, payments, and access. Among these, mobile sub-segment is expected to be the fastest growing. It is predicted that the market shall generate a revenue of $32,681.1 million by 2028, growing from $10,863.5 million in 2020, with a CAGR of 16.0%.

End-user:

The end-user segment is further divided into government & defense, healthcare, BFSI, consumer electronics, and others of which the government & defense type sub-segment is projected to generate the maximum revenue during the forecast period. The government & defense sub-segment is predicted to register a revenue of $29,222.5 million during the forecast period.

Region:

The Biometrics market demand in Asia-Pacific is anticipated to be the fastest growing market during the forecast time period and reach $29,787.5 million by 2028, with a CAGR of 15.8%.

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Top 10 Major Key Players in the Global Biometrics Market are -

Accu-Time Systems

BIO-Key International Inc.

Cognitec Systems GmbH

Fingerprints cards AB

Fujitsu Limited

IDTECK

NEC Corporation

Siemens AG

RCG Holdings, Ltd.

Thales Group

Along with the key players of the biometrics companies in the market, the report includes the Porter’s five forces model that gives deep insights into the competitive environment of the market.

[industryarcresearch]

Behavioural Biometrics Market Size Forecast to Reach $4.8 Billion by 2026

The Behavioural Biometrics Market size is forecast to reach $4.8 billion by 2026, growing at a CAGR of 19.5% from 2021 to 2026. The Behavioural Biometrics Market is estimated to witness sustainable growth over the forecast period majorly because of the increasing sale of smartphones with built-in fingerprint sensors. The Market is expected to grow as products and services are moving into advanced digital security beyond simple password and pin codes. With a majority of the economy taking up the digital form and recurring incidents of authentication-data and credentials being unethically mined or stolen for hefty outlays, the demand for risk-free authentication is witnessing an unprecedented concern. Owing to the traditional security measures such as static biometrics failing to modern breaches resulting in credentials being compromised, the Behavioural data market utilizing keyboard dynamics, gait analysis, signature analysis and voice recognition is the remedial measure enterprises are seeking. From BFSI and healthcare to government and defence, all industries are employing Behavioural biometrics tools for adequate safety pertaining to digital as well as physical assets.

Behavioural Biometrics Market Segment Analysis - By Techniques

Voice recognition is the leading segment in the present market with a share of 22.5% in 2020. This is actually a relatively new form of authentication, particularly voice recognition in mobile banking. This creates a growing demand for multifactor authentication in enterprises as the ability to use technology remotely, and quite reasonable price is factor behind the growing market. Multi-factor biometric technology is used under e-commerce and cloud computing and has created plenty of opportunities for prominent players. Although this multi-factor authentication is not simple and convenient, the improved security offered will see this segment witness significant growth.

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Behavioural Biometrics Market Segment Analysis - By End Use Industry

Behavioural biometrics is extensively being employed by online banking, e-commerce, payments, and high-security authentication markets. Behavioural biometrics recognizes individuals by assessing everything, from the manner a user grips the phone and swipes the screen, to the keyboard or gestural shortcuts they use. Software algorithms build a unique user profile, which is employed to confirm the individual’s distinctiveness on the following interactions. BFSI (banking, financial services and insurance) is the fastest-growing end-use vertical in the global Behavioural biometrics market and is projected to register a CAGR of 17.2% through 2026. With the majority of financial assessments dipping into digitalization, compromising of authentication-data and credentials have become ubiquitous. Consequently, the BFSI sector is evading traditional PIN/Password and static biometric security gadgets and transitioning towards Behavioural biometrics, as it notes the actions of clients to recognize malicious actors and safeguards the BFSI organizations’ network infrastructure from hackers trying to fetch personally identifiable information (PII) of users.

Behavioural Biometrics Market Segment Analysis - By Geography

North America is the leading market and estimated to account for more than 40% in the base year, 2020. The increased use of behavioural biometric devices in government establishments, hospitals, and ATMs in this region is foreseen to raise the growth of the market in the predicted period. The significant adoption in BFSI in particular will drive market adoption. Asia-Pacific is among the growing markets for biometric technology. Asian countries have started adopting biometric technology in screening security systems at all the border checkpoints, through facial detection systems. This will raise awareness of various behavioural biometrics solutions and the rising digital security requirements will propel their adoption.

Behavioural Biometrics Market Drivers

New Technology Adoption Driving Market Growth

As there are several Behavioural patterns and data points being continuously collected by Behavioural biometrics, any combination of data can be employed for the identification of a user. Thus, the authentication is precise and accurate and users cannot practicably be impersonated. AI is a major growth driver for the Behavioural biometrics market. Since, the fundamental incident signals in which the device user’s Behavioural data such as length of stride and speed of typing are encoded, cannot be easily susceptible to human interpretation. Hence AI undertaking is adding impetus to the market by delivering real-time results. The adoption of these technologies will be a major growth driver for the market.

Rising need for Digital Security

Privacy is a leading concern for new novel technologies including IoT and Behavioural biometrics. As biometrics collects and stores personal data such as fingerprint, palm veins, face recognition, palm print, hand geometry, and iris recognition, it is viewed as privacy-invasive. On the contrary, Behavioural biometrics is characteristically privacy friendly as it stores data pertaining to authentication based on Behavioural patterns. For instance, fingerprint data lodged in a device can be relocated via IoT platform and used unethically to trace down an individual via biometric records. In Behavioural biometrics, the data pertaining to the gesture by which someone grips their phone cannot be used to confirm anyone’s identity. The usage of behavioural biometrics will also enable improved digital security due to the challenges associated with bypassing behavioural biometrics tools, thus driving market growth.

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Behavioural Biometrics Market Challenges

High Installation Cost

One of the major challenge faced by Behavioural Biometrics Market globally is the high installation cost. Due to ongoing technology upgrades, the initial cost of adapting Behavioural Biometrics has increased rapidly which restrains end users from purchasing these solutions. This is especially prevalent in developing nations where budgets for educational institutes will not be able to accommodate this technology. Even in developed nations, the cybersecurity budget of many companies is rather limited which will hinder the adoption of behavioural biometrics solutions. These are the major challenges that restrain the Behavioural Biometrics Market growth globally.

Behavioural Biometrics Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Behavioural Biometrics Market. The Behavioural Biometrics Market is dominated by major companies such as Biometric Signature ID, BehavioSec, HYPR Corp., AnchorID, B-Secure and Laforge Optical among other companies.

Acquisitions/Technology Launches/Partnerships

BehavioSec develops non-invasive biometric authentication methods, its ability is to prevent fraudulent activity. The team is working on enabling defensive systems to recover from a security breach in real-time situation.

HYPR Corporation works with enterprise-level clients for security systems and convert the legacy systems to modern biometric standards. The company creates systems used under voice, eye, face, and fingerprint systems.

Key Takeaways

Fingerprint biometric systems have witnessed a wide range of acceptance in various applications. Increasing adoption in e-commerce, tablets, mobile phones, and cloud computing are expected to generate high demand in biometric technology.

The face detection biometric technology is expected to grow rapidly due to its high adoption in retail, security and consumer electronics. Software for face recognition technology in mobile apps, such as digiKam, and Lightroom are have increased the demand in smartphone applications and social networking platforms.

The rise of e-commerce and online presences in an increasingly digital world will propel the market growth as improved security and safety will be a major challenge that can be alleviated with behavioural biometrics.

Related Reports :

A. Biometric ATM Market

https://www.industryarc.com/Research/Biometric-ATM-Market-Research-502708

B. Biometrics As A Service Market

https://www.industryarc.com/Research/Biometrics-As-A-Service-Market-Research-500818

For more Information and Communications Technology Market reports, please click here

[techfuturemrfr]

Multi-Factor Authentication (MFA) Industry, By Product Type,  Challenges, Development & Innovation and Verticals

Market Analysis

The global multi-factor authentication market size is anticipated to touch USD 11.24 billion at a 13% CAGR between 2017- 2023, as per the current Market Research Future (MRFR) analysis. Multi-factor authentication or MFA, simply put, is a technological tool that helps organizations to protect their confidential data from theft and unwanted access. This technique entails a one-time password (OTP), biometric, password, personal identification number, and username.

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Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global multi-factor authentication market based on application, deployment, and model.

By model, the global multi-factor authentication market is segmented into two-factor, three-factor authentication, four-factor authentication, and five-factor authentication. The two-factor authentication segment is again segmented into smart-card with pin, biometric technology with pin, and biometric technology. The three-factor authentication is again segmented into the smart card with pin & biometric technology, pin with two-factor biometric technologies, smart card with two-factor biometric technologies, and three-factor biometric technology.

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