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Global Multifactor Authentication Market To Grow At 21.3% Annually Through 2015

Key factor contributing to growth in the global multifactor authentication market is the rising number of regulatory requirements

October 3, 2012

4 Min Read


FARMINGTON, Conn., Sept. 25, 2012 /PRNewswire-iReach/ -- The global market for multi-factor authentication is forecast to grow at a CAGR of 21.3 percent through 2015, according to new market research available from Global Information Inc. As the global cyber security market gains increasing importance, GII provides businesses, investors, engineers, sales VPs, marketers, and regulators the data they need to keep moving ahead of the shifting currents.

Other trends making headlines include China's emergence as the largest market for smart grid cyber security and increasing security concerns surrounding BYOD

- Bring Your Own Device. From U.S. mobile security to worldwide data loss prevention forecasts, GII provides market research reports featuring the most important topics in cyber security and authentication.

Global Multi-factor Authentication Market 2011-2015

A key factor contributing to growth in the global multi-factor authentication market is the rising number of regulatory requirements. The Global Multi-factor Authentication market has also been witnessing the increasing popularity of phone-based authentication solutions. However, the increasing total cost of ownership could pose a challenge to the growth of this market.

TechNavio's report, Global Multi-factor Authentication Market 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, EMEA and APAC regions; it also covers the Global Multi-factor Authentication market industry landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

An executive summary and free sample pages from the full study are available at http://www.giiresearch.com/report/infi217605-global-multi-factor-authentication-market-2010.html

Cyber Security in Smart Grid - Market Size, Key Issues, Regulations and Outlook to 2020

China emerged as the leading smart grid cyber security market in 2011, accounting for nearly a quarter of the global market. The market in China was driven by its ongoing initiative to implement smart grid technologies, which has catapulted the market into a high-growth phase. This phase is expected to continue until 2015 when the construction phase of smart grids in China comes to an end. The growth of the smart grid cyber security market in China will dwarf the growth of the global market during the 2012-2020 period. It is unlikely that any other regional markets will surpass China during this period.

GlobalData's latest research "Cyber Security in Smart Grid - Market Size, Key Issues, Regulations and Outlook to 2020" provides insights into global developments related to cyber security in smart grid. The report covers various aspects of cyber security industry in smart grid such as market sizing, outlook, key issues and competitive landscape analysis. Starting with a discussion on the global market for cyber security solutions in smart grid, it explores initiatives undertaken for deployment of cyber security solutions in smart grid globally. The report explains smart grid cyber security industry dynamics, both globally and in key nations by identifying the key market drivers and barriers, standards, policies and technology trends. Analysis of the key issues that are influencing the global market for cyber security solutions in smart grid is central to the report.

An executive summary and free sample pages from the full study are available at http://www.giiresearch.com/report/gd251029-cyber-security-smart-grid-market-size-key-issues.html

US Mobile Security: State of the Industry

Top security concerns plaguing Chief Information Security Officers (CISOs) these days include: recent growth of "Bring Your Own Device" (BYOD); a lack of device-based security standards; mobile application security; and security concerns related to mobile device clients, particularly with regard to peer-to-peer applications.

The tension between IT control and end-user choice surfaced in the study results, and Galvin Consulting found that IT control is generally ranked higher than end-user choice among CISOs. Nevertheless, security executives also recognize the benefits of mobile devices in terms of business enablement. The use of mobile tools in critical business logic and business work flow is only expected to accelerate.

As mobile devices become more ubiquitous, CISOs are expected to devote a higher percentage of their IT budget to mobile security. While a majority of CISOs are spending five percent or less of their IT budgets on mobile security currently, that percentage is expected to shift in the next 12 months, when a majority of security executives report that they will spend between six and 10% of their budgets on mobile security.

An executive summary and free sample pages from the full study are available at http://www.giiresearch.com/report/gat250603-us-mobile-security-state-industry.html

About Global Information Inc. Global Information (GII)

(http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years.

Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.

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