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April 2018

Authentication and Identity Management

Sectorwatch

With cybersecurity-related incidents on the rise, advanced authentication technologies will continue to evolve. The need to fight fraud and data breaches has become more important with the growth of online and mobile banking, mobile payments and wallets. Multi-factor authentication with multiple layers of defense are critical to minimizing the threat of hackers.

According to Technavio research, the global multi-factor authentication market is projected to grow at a CAGR of almost 23% between 2017 and 2021 while the global multi-factor authentication market in the banking and financial sector was valued at $2.4 billion in 2016.

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