Key vendors to focus on product differentiation to gain market shares
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global two-factor authentication (2FA) market in their latest research report. This report also lists 16 other prominent vendors who are expected to contribute to this market’s growth between 2017 and 2021.
Competitive vendor landscape
The global 2FA market is highly competitive in nature and is characterized by the presence of several international and regional players. The intense competition, rapid advances in technology, and frequent changes in end-user preferences constitute significant risks for market vendors. International players are expected to emerge stronger during the forecast period by acquiring regional or local players. Vendors in the market are developing new technologies and keeping themselves abreast of emerging technologies that could affect their product lines and help them maintain a competitive edge in the market.
According to Amit Sharma, a lead analyst at Technavio for research on IT security, “It is imperative for vendors to distinguish their product and service offerings through clear and unique value propositions to surpass their competitors. The intense competition, rapid advances in technology, and frequent changes in end-user preferences constitute significant risks for market vendors.”
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Top five vendors in the 2FA market space
Entrust
Entrust offers different products and services like authentication and identity assurance, mobile security, cloud services, certificate management, and digital certificates. Some of its products include desktop login, OTP tokens, smart cards and USB tokens, 2FA, VPN, wireless and remote access and web authentication. It also offers solutions that include mobile security, strong authentication, and physical and logical access.
Key products: Entrust IdentityGuard and Entrust USB Tokens.
Gemalto
Gemalto protects, verifies, and manages digital identities and interactions. The solutions offered by the company include secure operating systems and applications, authentication and transaction signing, mobile financial solutions and services, NFC payment and ticketing, and contactless eTicketing.
Key products: VPN 2FA authentication, Mobile and software OTP authenticators, and Hardware-based OTP authenticators.
RSA Security
RSA Security, a major player in the authentication market, provides RSA SecurID hardware tokens, RSA SecurID software tokens, and RSA SecurID tokenless authentication for system security and user authentication. RSA SecurID provides security to cloud, mobile, traditional VPN, and web portals. It also ensures strong authentication of individuals by using tokens.
Key products: RSA SecurID Hardware Tokens, RSA SecurID Software Tokens, and Tokenless Authentication.
SecurEnvoy
SecurEnvoy provides mobile phone-based tokenless 2FA solutions. Its SecurAccess solution enables users to access corporate networks. The solution is a mobile-phone based tokenless 2FA for VPN, SSL, Remote Desktop, WiFi, web portals, laptop encryption and other applications.
Key products: SecurAccess, SecurCloud, SecurICE, and SecurMail.
VASCO Data Security International
VASCO Data Security International deals in digital signature technology that protects financial transactions over corporate networks and the Internet. The company designs, develops, markets, and supports its security hardware, which includes smart card readers and digital security hardware and software. The company offers two-factor biometric solutions that help secure access to data and applications in enterprise environments. It also provides tools for application developers that enable easy integration of security functions in web-based and mobile applications.
Key products: DIGIPASS software authenticators and DIGIPASS hardware authenticators.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, Global 2FA Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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