Multi-factor verification

                       The global multi-factor verification market is expected to reach $5.45 billion by 2017, at a CAGR of 17.3% from 2012 to 2017, according to a newly published report.

The report, Multi-Factor Verification Market – By Model/Type, Application and Geography – Forecasts (2012-2107), notes biometric based multi-factor verification models are growing rapidly, contributing significantly to the growth of the overall market. It lists key developments in the verification space, and specially includes Apple’s authentic achievement as well as Morpho’s L1 purchase.

                       According to the report, two-factor verification is the most widely used model, mentioning smartcard with PIN and one-time passwords as the most popular technique. Smartcards gradually more can contain biometric data.

                     The report estimates the multi factor verification market, forecasts the size of MFA technologies by models, by applications, and by geography from 2012 to 2017. It talks about the latest events in the market under winning imperatives and “burning issues.”

The statement is now available in the Research and Markets catalogue. 

                       Research and Markets recently announced the addition of another report dealing with biometrics. Reported previously, the group has now published a report on the Russian biometrics market, which suggests it will reach US$398 million by 2018, owed largely to the forthcoming World Cup and Olympics to be held in the country.