The two-factor authentication market 2020 is on track to procure a strong growth rate of 17.28% between 2019 and 2024 (assessment period), says Market Research Future (MRFR). MRFR predicts considerable market growth as it is set to reach the size of USD 8,984.7 million by 2024.

Market Segmentation

The types of two-factor MFA are public key infrastructure, one key password, and others. Between these, the leading segment identified in 2018 was one-time password; which also exhibits the capacity to retain its dominance in the years ahead.

The types of models available in the market are smart card with biometric technology, one time password with pin, smart card with pin, two-factor biometric technology, biometric technology with pin, and more. The market is expected to be dominated by the segment of smart card with PIN over the appraisal period.

Technology-wise, the main segments are SafeNet OTP authenticators, PKI authenticators, physical and logical access control, MobilePKI office suite, out-of-band authenticators, and others.

End users who extensively deploy [FURL=https://www.marketresearchfuture.com/reports/two-factor-authentication-market-3772]Two Factor Authentication Market Leaders[/FURL] are travel and immigration, healthcare, banking and finance, government, commercial security, consumer electronics, military and defense, and others.

Renowned Market Contenders

The renowned market contenders profiled in the report include HID Global Corporation (US), Google LLC (US), RSA Security LLC (US), Symantec Corporation (US), Suprema Inc. (South Korea), Fujitsu Ltd (Japan), IDEMIA (France), CA Inc. (US), OneSpan Inc. (US), NEC CORPORATION (Japan), Gemalto NV (Netherlands), to list a few.

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