Asia-Pacific Multi Factor Authentication Market By Model (Two Factor Authentication; Three Factor Authentication & Others), By Application (BFSI; Healthcare; & Others), By Deployment Mode (On premise & On cloud), By Country, Competition, Forecast & Opportunities, 2024

Asia-Pacific Multi factor authentication market is expected to grow at double digit CAGR during the forecast period on account of increasing cyberattacks and data breaches in the region. With the advent of BYOD, cloud services and data center, cases of data breaches have increased which is bolstering the growth of multi factor authentication market in Asia-Pacific. Moreover, strict regulations implemented by several authorities to protect sensitive data is expected to promote the growth of the market in the coming years.  

Asia-Pacific multi factor authentication market can be segmented based on model, application, deployment mode and country. In terms of model, multi factor authentication market can be segmented into two factor authentication, three factor authentication, four factor authentication and five factor authentication. Two factor authentication is the preferred model, as it combines password and ID with at least one other method for authentication. This model is cost effective when compared with other models which is expected to fuel its adoption during forecast period. On the basis of application, the market can be segmented into government, healthcare, BFSI, IT & telecom, retail & e-commerce, military & defense, among others. BFSI is the largest segment in the market as multi factor authentication plays vital role in various banking applications such as international payments, online banking, trade finance, among others for the authentication.

Asia-Pacific multi factor authentication is gaining traction and expanding to various countries such as China, India, Japan, Australia, New Zealand, South Korea, among others.  Moreover, Asia-Pacific is expected to witness significant adoption of multi factor authentication in the coming years as well owing to rising spending on connected devices and increasing emphasis on authentication of online transactions in economies such as China, India and Japan, among others.

Major companies operating in Asia-Pacific multi factor authentication market recorded high sale volumes in the 2018 financial year and the trend is likely to continue during forecast period as well. List of major players operating in Asia-Pacific multi factor authentication market include CA Technologies, Inc., Fujitsu Limited, Gemalto NV, NEC Corporation, RSA Security LLC, Safran SA, SecureAuth Corporation, Suprema HQ, Inc., Symantec Corporation, Vasco Data Security International, Inc., etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2014 2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

• To analyze and forecast the market size of Asia-Pacific multi factor authentication market.
• To classify and forecast Asia-Pacific multi factor authentication market based on model, application, deployment mode and country distribution.
• To identify drivers and challenges for Asia-Pacific multi factor authentication market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Asia-Pacific multi factor authentication market.
• To conduct pricing analysis for Asia-Pacific multi factor authentication market.
• To identify and analyze the profile of leading players involved in Asia-Pacific multi factor authentication market.

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Some of the leading players in Asia-Pacific multi factor authentication market include CA Technologies, Inc., Fujitsu Limited, Gemalto NV, NEC Corporation, RSA Security LLC, Safran SA, SecureAuth Coproration, Suprema HQ, Inc., Symantec Corporation, Vasco Data Security International, Inc., etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major service providers across the globe.

TechSci Research calculated the market size of Asia-Pacific multi factor authentication market using a bottom up approach, wherein data for various end user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Multi factor authentication solution providers and other stakeholders
• Authentication apps and software designing companies
• Electronics and semiconductor companies
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to multi factor authentication market
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Asia-Pacific multi factor authentication market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, By Model:
• Two Factor Authentication
• Three Factor Authentication
• Four Factor Authentication
• Five Factor Authentication
• Market, By Application:
• BFSI
• Healthcare
• Government
• IT & Telecom
• Military & Defense
• Retail and E-commerce
• Others
• Market, By Deployment Mode:
• On Premise
• On Cloud
• Market, By Country:
• China
• India
• Japan
• Australia
• New Zealand
• South Korea

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Asia-Pacific multi factor authentication market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]