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Two-Factor Biometrics-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Two-Factor Biometrics market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Two-Factor Biometrics in various end use industries. The expanding demands from the BFSI, PCI, Government and Healthcare, are propelling Two-Factor Biometrics market. Passwords, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Hard Tokens segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Two-Factor Biometrics, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Two-Factor Biometrics market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Two-Factor Biometrics market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Two-Factor Biometrics sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Two-Factor Biometrics covered in this report include EMC, Entrust, Gemalto, VASCO, Authenex, Authentify, Authy, Deepnet Security and DynaPass, etc.
The global Two-Factor Biometrics market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
EMC
Entrust
Gemalto
VASCO
Authenex
Authentify
Authy
Deepnet Security
DynaPass
Fortinet
HID Global
Global Two-Factor Biometrics market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Two-Factor Biometrics market, Segment by Type:
Passwords
Hard Tokens
Soft Tokens
OTP
Biometrics
Global Two-Factor Biometrics market, by Application
BFSI
PCI
Government
Healthcare
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Two-Factor Biometrics companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Two-Factor Biometrics market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Two-Factor Biometrics in various end use industries. The expanding demands from the BFSI, PCI, Government and Healthcare, are propelling Two-Factor Biometrics market. Passwords, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Hard Tokens segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Two-Factor Biometrics, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Two-Factor Biometrics market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Two-Factor Biometrics market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Two-Factor Biometrics sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Two-Factor Biometrics covered in this report include EMC, Entrust, Gemalto, VASCO, Authenex, Authentify, Authy, Deepnet Security and DynaPass, etc.
The global Two-Factor Biometrics market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
EMC
Entrust
Gemalto
VASCO
Authenex
Authentify
Authy
Deepnet Security
DynaPass
Fortinet
HID Global
Global Two-Factor Biometrics market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Two-Factor Biometrics market, Segment by Type:
Passwords
Hard Tokens
Soft Tokens
OTP
Biometrics
Global Two-Factor Biometrics market, by Application
BFSI
PCI
Government
Healthcare
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Two-Factor Biometrics companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Two-Factor Biometrics
1.1 Two-Factor Biometrics Market Overview
1.1.1 Two-Factor Biometrics Product Scope
1.1.2 Two-Factor Biometrics Market Status and Outlook
1.2 Global Two-Factor Biometrics Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Two-Factor Biometrics Market Size by Region (2018-2029)
1.4 Global Two-Factor Biometrics Historic Market Size by Region (2018-2023)
1.5 Global Two-Factor Biometrics Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Two-Factor Biometrics Market Size (2018-2029)
1.6.1 North America Two-Factor Biometrics Market Size (2018-2029)
1.6.2 Europe Two-Factor Biometrics Market Size (2018-2029)
1.6.3 Asia-Pacific Two-Factor Biometrics Market Size (2018-2029)
1.6.4 Latin America Two-Factor Biometrics Market Size (2018-2029)
1.6.5 Middle East & Africa Two-Factor Biometrics Market Size (2018-2029)
2 Two-Factor Biometrics Market by Type
2.1 Introduction
2.1.1 Passwords
2.1.2 Hard Tokens
2.1.3 Soft Tokens
2.1.4 OTP
2.1.5 Biometrics
2.2 Global Two-Factor Biometrics Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Two-Factor Biometrics Historic Market Size by Type (2018-2023)
2.2.2 Global Two-Factor Biometrics Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Two-Factor Biometrics Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Two-Factor Biometrics Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Two-Factor Biometrics Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Two-Factor Biometrics Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Two-Factor Biometrics Revenue Breakdown by Type (2018-2029)
3 Two-Factor Biometrics Market Overview by Application
3.1 Introduction
3.1.1 BFSI
3.1.2 PCI
3.1.3 Government
3.1.4 Healthcare
3.2 Global Two-Factor Biometrics Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Two-Factor Biometrics Historic Market Size by Application (2018-2023)
3.2.2 Global Two-Factor Biometrics Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Two-Factor Biometrics Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Two-Factor Biometrics Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Two-Factor Biometrics Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Two-Factor Biometrics Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Two-Factor Biometrics Revenue Breakdown by Application (2018-2029)
4 Two-Factor Biometrics Competition Analysis by Players
4.1 Global Two-Factor Biometrics Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Two-Factor Biometrics as of 2022)
4.3 Date of Key Players Enter into Two-Factor Biometrics Market
4.4 Global Top Players Two-Factor Biometrics Headquarters and Area Served
4.5 Key Players Two-Factor Biometrics Product Solution and Service
4.6 Competitive Status
4.6.1 Two-Factor Biometrics Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 EMC
5.1.1 EMC Profile
5.1.2 EMC Main Business
5.1.3 EMC Two-Factor Biometrics Products, Services and Solutions
5.1.4 EMC Two-Factor Biometrics Revenue (US$ Million) & (2018-2023)
5.1.5 EMC Recent Developments
5.2 Entrust
5.2.1 Entrust Profile
5.2.2 Entrust Main Business
5.2.3 Entrust Two-Factor Biometrics Products, Services and Solutions
5.2.4 Entrust Two-Factor Biometrics Revenue (US$ Million) & (2018-2023)
5.2.5 Entrust Recent Developments
5.3 Gemalto
5.3.1 Gemalto Profile
5.3.2 Gemalto Main Business
5.3.3 Gemalto Two-Factor Biometrics Products, Services and Solutions
5.3.4 Gemalto Two-Factor Biometrics Revenue (US$ Million) & (2018-2023)
5.3.5 VASCO Recent Developments
5.4 VASCO
5.4.1 VASCO Profile
5.4.2 VASCO Main Business
5.4.3 VASCO Two-Factor Biometrics Products, Services and Solutions
5.4.4 VASCO Two-Factor Biometrics Revenue (US$ Million) & (2018-2023)
5.4.5 VASCO Recent Developments
5.5 Authenex
5.5.1 Authenex Profile
5.5.2 Authenex Main Business
5.5.3 Authenex Two-Factor Biometrics Products, Services and Solutions
5.5.4 Authenex Two-Factor Biometrics Revenue (US$ Million) & (2018-2023)
5.5.5 Authenex Recent Developments
5.6 Authentify
5.6.1 Authentify Profile
5.6.2 Authentify Main Business
5.6.3 Authentify Two-Factor Biometrics Products, Services and Solutions
5.6.4 Authentify Two-Factor Biometrics Revenue (US$ Million) & (2018-2023)
5.6.5 Authentify Recent Developments
5.7 Authy
5.7.1 Authy Profile
5.7.2 Authy Main Business
5.7.3 Authy Two-Factor Biometrics Products, Services and Solutions
5.7.4 Authy Two-Factor Biometrics Revenue (US$ Million) & (2018-2023)
5.7.5 Authy Recent Developments
5.8 Deepnet Security
5.8.1 Deepnet Security Profile
5.8.2 Deepnet Security Main Business
5.8.3 Deepnet Security Two-Factor Biometrics Products, Services and Solutions
5.8.4 Deepnet Security Two-Factor Biometrics Revenue (US$ Million) & (2018-2023)
5.8.5 Deepnet Security Recent Developments
5.9 DynaPass
5.9.1 DynaPass Profile
5.9.2 DynaPass Main Business
5.9.3 DynaPass Two-Factor Biometrics Products, Services and Solutions
5.9.4 DynaPass Two-Factor Biometrics Revenue (US$ Million) & (2018-2023)
5.9.5 DynaPass Recent Developments
5.10 Fortinet
5.10.1 Fortinet Profile
5.10.2 Fortinet Main Business
5.10.3 Fortinet Two-Factor Biometrics Products, Services and Solutions
5.10.4 Fortinet Two-Factor Biometrics Revenue (US$ Million) & (2018-2023)
5.10.5 Fortinet Recent Developments
5.11 HID Global
5.11.1 HID Global Profile
5.11.2 HID Global Main Business
5.11.3 HID Global Two-Factor Biometrics Products, Services and Solutions
5.11.4 HID Global Two-Factor Biometrics Revenue (US$ Million) & (2018-2023)
5.11.5 HID Global Recent Developments
6 North America
6.1 North America Two-Factor Biometrics Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Two-Factor Biometrics Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Two-Factor Biometrics Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Two-Factor Biometrics Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Two-Factor Biometrics Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Two-Factor Biometrics Market Dynamics
11.1 Two-Factor Biometrics Industry Trends
11.2 Two-Factor Biometrics Market Drivers
11.3 Two-Factor Biometrics Market Challenges
11.4 Two-Factor Biometrics Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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