Two-Factor Biometrics Market, Global Outlook and Forecast 2023-2032
The global Two-Factor Biometrics market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
This report aims to provide a comprehensive presentation of the global market for Two-Factor Biometrics, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Two-Factor Biometrics. This report contains market size and forecasts of Two-Factor Biometrics in global, including the following market information:
- Global Two-Factor Biometrics Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global top five companies in 2022 (%)
The growing number of online transactions is considered to be one of the major drivers for this market. Though internet-based financial transactions are highly vulnerable to cyber-attacks, consumers are still dependent on the Internet for financial transactions due to its high convenience. Even though many financial institutions from across the globe have started using hardware OTP (one-time password) for financial transactions, the rising number of online-dependent customers will augment the need for better security techniques. This need for better security measures will fuel the need for two-factor authentication among end users from the banking and financial sectors.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Two-Factor Biometrics companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Two-Factor Biometrics Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Two-Factor Biometrics Market Segment Percentages, by Type, 2022 (%)
- Passwords
- Hard Tokens
- Soft Tokens
- OTP
- Biometrics
Global Two-Factor Biometrics Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Two-Factor Biometrics Market Segment Percentages, by Application, 2022 (%)
- BFSI
- PCI
- Government
- Healthcare
Global Two-Factor Biometrics Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Two-Factor Biometrics Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Two-Factor Biometrics revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Two-Factor Biometrics revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- EMC
- Entrust
- Gemalto
- VASCO
- Authenex
- Authentify
- Authy
- Deepnet Security
- DynaPass
- Fortinet
- HID Global
Outline of Major Chapters:
Chapter 1: Introduces the definition of Two-Factor Biometrics, market overview.
Chapter 2: Global Two-Factor Biometrics market size in revenue.
Chapter 3: Detailed analysis of Two-Factor Biometrics company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Two-Factor Biometrics in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
