The Global Two-factor Biometrics Market to grow at a CAGR of 22.87% during the period 2016-2020. The Two-factor Biometrics report covers the present scenario and the growth prospects of the Two-factor Biometrics for 2016-2020.
To calculate the market size, the report considers revenue generated from the sales of two-factor biometric products and services.
• Two-factor biometric products include hardware products such as one-time password (OTP) tokens, USB tokens, mini tokens, and subscriber identity module (SIM) tokens
• Two-factor biometric services include software and services such as OTP software and software-based security tokens. They also include out-of-band authentication (OOB) services and cloud-based two-factor authentication services.
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Two-factor Biometrics Industry Opportunities:
The rising occurrences of criminal activities in the BFSI, PCI, government, and healthcare, sectors are leading to a higher demand for cyber security solutions. There is a heightened need for highly reliable personal authentication and identification systems to reduce security risks. Two-factor biometric solutions are used to ensure physical and information security. Here, the user needs to provide the second piece of information — a code, a temporary password, or a finger swipe — to access credentials. If the user is unable to provide the correct information, the account remains locked.
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The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key players in Two-factor Biometrics Industry
Other prominent vendors
• Deepnet Security
• HID Global
• Protectimus Solutions
• SecuTech Solutions
• Swivel Secure
The Two-factor Biometrics is divided into the following segments based on geography:
In the end, the report makes some important proposals for a new project of Two-factor Biometrics Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2016-2020 global Two-factor Biometrics industry covering all important parameters.
Two-factor Biometrics Market driver
• Growing number of online transactions
Two-factor Biometrics Market challenge
• Vulnerability of hardware devices to physical damage
Two-factor Biometrics Market trend
• Increasing adoption of two-factor biometrics by SMBs
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Key questions answered in this Two-factor Biometrics report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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