DUBLIN, May 2, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/6v2ht4/multifactor) has announced the addition of the "Multi-Factor Authentication Market by Model/Type, Application, & Geography - Global Trend & Forecast to 2014 - 2020" report to their offering.

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Multi-factor authentication (MFA) is a security system where more than one form of authentication is used such as something you know (password), something you have (smart card), and something you are (biometric technology). The combination of these three security systems provides a high degree of security and convenience, which ensures confidentiality of personal information.

This is superior compared to traditional passwords/PINs as they can be easily guessed, forgotten or copied. Multi-factor authentication helps in prevention of theft as the information is stored in the form of a digital record in the database; which makes it highly impossible to reconstruct, decrypt or manipulate. MFA also includes biometric technology that uses biological characteristics or features, which are inseparable from a person; therefore, reducing the threat of loss or theft.

Multi-factor authentication (MFA) comes with different models such as two-factor authentication, three-factor authentication, four-factor authentication, and five-factor authentication. The two-factor authentication includes smart card with pin, smart card with biometric technology, biometric technology with pin, two biometric authentications, and one time password with pin.

The three authentications include smart card with pin and biometric technology, smart card with two biometric technologies, pin with two biometric technologies, and three biometric authentications. On the other hand, four- and five-factor authentication includes the use of smart card and pin with more than one biometric technology such as face recognition, fingerprint recognition, voice recognition, and so on.

Market can be categorized into different applications such as government, defense, travel and immigration, banking and finance, consumer electronics, commercial security and healthcare. The most common application areas are in the field of banking & finance, government, and defense.

This report describes the market trends, drivers, and challenges of market and forecasts the MFA market from 2014 to 2020, based on applications, model and geography. It covers geographies like North America, Europe, APAC, and ROW (Rest of the World). The major companies involved in market are Gemalto N.V. (the Netherlands), RSA (U.S.), VASCO (U.S.), Entrust (U.S.), Technology Nexus AB (Sweden), VeriSign Authentication (U.S.), Sagem Morpho (France), NEC Corporation (Japan), and Cross Match Technologies (U.S.).

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Cover Story

4 Market Overview

5 Multi-Factor Authentication Market, By Model

6 Multi-Factor Authentication Market, By Applications

7 Multi-Factor Authentication Market, By Geography

8 Competitive Landscape

9 Company Profiles

Companies Mentioned:

• 3M
• Cross Match Technologies, Inc.
• Fujitsu Ltd.
• Gemalto Nv
• Lumidigm Inc.
• Nec Corporation
• Rcg Holdings Limited
• Rsa Security Llc.
• Safran Sa
• Suprema Inc.
• Validsoft Uk Ltd.

For more information visit http://www.researchandmarkets.com/research/6v2ht4/multifactor

Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets