Multi-Factor Authentication Smart Card Market

Multi-Factor Authentication Smart Card Market: Introduction

• Multi-factor authentication smart card is a cryptographic USB token that is used for a numerous authentication purposes, which include physical access (buildings, rooms), computer and network access, and some secure remote access solutions (virtual private networks (VPN), portals)
• It offers a built-in security features such as including metal layers, sensors that detect thermal and UV light attacks, and software and hardware circuitry to prevent differential power analysis security countermeasures
• These features make the multi-factor authentication smart card highly significant for enterprise & corporate safety & health, defense security, sports & events, etc., which in turn is expected to contribute to market growth

Growing adoption from commercial end-user

• Based on end-user, the global multi-factor authentication smart card market can be segmented into commercial, residential & industrial. The commercial segment is expected to expand at a rapid pace during the forecast period due to increased use of multi-factor authentication smart card for login verification, health & safety purposes.
• Multi-factor authentication smart card is primarily used in categories such as personal identification number (PIN) or password, challenge response key fob, or token generator, biometric fingerprint, retina scan, or voice print. This factor is significantly driving the demand for multi-factor authentication smart card in the commercial sector.
• Rising adoption of multi-factor authentication smart card in government sector, for active duty/reserve armed forces and uniform service members, emergency-essential civilian personnel, civilians residing on military installations, civilian employees, and contractors is further propelling the market

North America to Lead Global Multi-Factor Authentication Smart Card Market

• In terms of region, the global multi-factor authentication smart card market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America is expected to hold the largest share of the multi-factor authentication smart card market during the forecast period due to a rise in the demand from commercial & industrial sectors
• Multi-factor authentication smart cards are widely utilized in commercial industries such as hospitality, media & entertainment, government, BFSI, and corporate offices
• Rising digitalization, the proliferation of the internet of things (IoT), running investment in Aerospace & Defense, innovations in security technologies are other factors propelling the multi-factor authentication smart cards market in North America
• The multi-factor authentication smart card market in Asia Pacific and Europe is expected to expand at a considerable pace during the forecast period due to a rise in the demand for multi-factor authentication smart card from diverse industries such as automotive, consumer electronics, semiconductor, and IT and telecommunication. Moreover, the growth is anticipated to be driven by leading countries such as India, China, Japan, Germany, France, and South Korea. The multi-factor authentication smart card market in Middle East & Africa and South America is anticipated to grow at a steady pace during the forecast period.

Key Players Operating in Global Multi-Factor Authentication Smart Card Market

• Key players operating in the global multi-factor authentication smart card market are engaged in developing technologically advanced products to cater to the rising demand for multi-factor authentication smart cards. Furthermore, several manufacturers are focusing on strategic mergers and acquisition of local manufacturers and system designers, collaboration such as CardLogix Corporation and NXP, Infineon Technologies, Atmel & Microchip., to strengthen their product offerings and expand their geographic reach. Leading players operating in the global multi-factor authentication smart card market include:

• CardLogix Corporation
• Emerson Electric Co.
• Microsoft Corporation
• Broadcom Corporation
• Micro Focus
• Thales Group
• HID Global Corporation
• Cisco Systems, Inc.
• Oracle Corporation

Global Multi-Factor Authentication Smart Card Market: Research Scope

Global Multi-Factor Authentication Smart Card Market, by Type

• Contact Smart Card
• Contactless Smart Card
• Others (Dual Interface, HSM & ASM Card, etc.)

Global Multi-Factor Authentication Smart Card Market, by End-user

• Commercial
  • Corporate Offices
  • BFSI
  • Government
  • Hospitality
  • Education
  • Media & Entertainment
• Residential
  • Security
  • Home Automation
• Industrial
  • Aerospace & Defense
  • Oil & Gas
  • Healthcare
  • IT & Telecommunication
  • Transportation
  • Energy
  • Retail

Global Multi-Factor Authentication Smart Card Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• South America
  • Brazil
  • Mexico
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa