Increasing Compliance Regulations Pushing Adoption of Two-factor Authentication28 Oct 2011 • by Natalie Aster
A recently published report “Global Two-factor Authentication Market 2010–2014” by Infiniti Research reveals that the Global Two-factor Authentication market is expected to grow at a CAGR of 20.8 percent over the period 2010–2014. The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by the growing number of complex compliance regulations
According to Technavio’s industry analyst, “The growing number of attacks on critical installations has resulted in increasingly strict compliance regulations. Companies in sectors such as Financial Services, Healthcare, e-Commerce, and PCI have to comply with multiple regulations. A slight breach may result in data theft that will ultimately lead to hefty penalty and reputational loss. Hence these compliance requirements and regulatory guidelines continue to be one of the most important drivers for the Global Two-factor Authentication market.”
Global Two-factor Authentication Market 2010–2014
Published: September 2011
Price: US$ 1,500.00
The report also highlights that a potential shift towards three-factor authentication is hindering the growth of this market. However, the growing attacks on high-growth sectors such as Online Gaming are expected to keep driving the market. This market is also marked by growing adoption of phone-based authentication. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
The report is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market.
Companies mentioned in the report include RSA, Gemalto N.V., VASCO Data Security International Inc., and Entrust Inc.
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