Trust Stamp has introduced a biometric multifactor authentication solution based on Biometric MFA. The Biometric MFA automates reliable identity assurance with only a selfie. It adds a second and third authentication factor by verifying that the data from the selfie is still active and irreversibly tokenizing it, doing away with the requirement for passcodes from SMS, email, authenticator applications, or hardware tokens.
OneSpanTM, a firm that secures digital agreements, today unveiled its most recent high-assurance identity verification and authentication tools. These tools are intended to boost the security, confidence, and trust that have grown to be essential to how we communicate and carry out significant digital transactions. The latest generation of OneSpan's cloud-connected DIGIPASS CX devices offers the highest level of assurance in response to the growing issue of identity and credential theft as well as the relentlessness of cyber adversaries.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5191
Published Date: Aug 25, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Escalating cyber-attacks, increasing remote work culture, and penetration of mobile devices are some of the major growth factors for the multi-factor authentication market.
The market size of Multi-Factor Authentication is anticipated to attain a CAGR of 18.2% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are, Broadcom Inc., Thales, Open Text Corporation, Oracle, ,Microsoft, Duo, Broadcom, SQUARE ENIX CO., LTD. And others.
The BFSI segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.