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Advanced Semiconductor Packaging Market: Advanced Technologies and Growth Opportunities in Global In
The innovation in the semiconductor packaging technology largely depends on the size of wafer. Hence, the increasing focus on wafer-level packages is resulting in chip industry to come up with advanced packaging solutions. The Fan-Out Wafer-Level Packaging (FO-WLP) technology is emerging as an alternative to the 2.5D packaging. Moreover, Fan-out wafer-level packaging can manage multiple dies as compared to the fan-in wafer-level packaging that can handle only single die. Fan-out packaging technology is also witnessing significant growth as it eliminates the need for process flows including wafer fluxing, bumping, cleaning, curing, flip-chip assembly, and underfill dispensing.
A study by Transparency Market Research (TMR) is expecting the global market for advanced semiconductor packaging to experience robust growth. It also projects the market to increase to 10.9% CAGR throughout the forecast period. The global market for advanced semiconductor packaging is also likely to bring in US$ 67,208.2 million revenue towards 2026 end.
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Flip Chip (FC) to Account for Maximum Revenue Share as the Packaging Type
Compared to other types of advanced semiconductor packaging, Flip Chip (FC) is likely to account for maximum revenue share. By the end of 2026, Flip Chip (FC) packaging is estimated to reach close to US$ 45,700 million revenue. Owing to the lighter, smaller, and thinner consumer products, smaller package types are being used on a large scale. Compared to other packaging types, flip chip offers faster signal transfer, lower profile, and high I/O density.
Advanced Semiconductor Packaging to find Largest Application in Central Processing Units/Graphical Processing Units
Advanced semiconductor packaging is likely to find the largest application in Central Processing Units/Graphical Processing Units. Towards 2026 end, Central Processing Units/Graphical Processing Units is likely to bring in more than US$ 11,500 million revenue. Meanwhile, Dynamic Random Access Memory is also likely to witness robust growth between 2017 and 2026.
Consumer Electronics to be the Largest End Users of Advanced Semiconductor Packaging
Among various industries as end users of advanced semiconductor packaging, consumer electronics is likely to emerge as the largest end user. By 2026 end, consumer electronics are estimated to bring in nearly US$ 15,600 million revenue. Increasing demand for various devices including tablets, smartphones, wearable devices and other connected consumer electronics, is resulting in the advanced semiconductor packaging technologies. Meanwhile, System-In-Package (SIP) technology is also gaining momentum as it allows more features to be integrated into small form factors such as medical implants and wearable devices.
APEJ to Emerge as the Leading Region in Terms of Revenue in the Global Market for Advanced Semiconductor Packaging
Asia Pacific Excluding Japan (APEJ) is anticipated to emerge as the major revenue contributor to the advanced semiconductor packaging market between 2017 and 2026. Prominent semiconductor manufacturing companies present in the region are fueling the demand for advanced semiconductor packaging. Moreover, companies are also investing heavily in the research and development activities for developing new semiconductor packages with advanced features.
AMD, Intel Corp, Amkor Technology, STMicroelectronics, Hitachi Chemical, Infineon, Avery Dennison, Sumitomo Chemical Co. Ltd., ASE Group, and Kyocera, are the leading market players in the global market for advanced semiconductor packaging.Read more..
Wireless access control is now widely been deployed with wired access controls in many commercial facilities and institutions. The main function of wireless access control is to provide authentication and authorization for the valid users. Wireless access controls uses radio frequency technology to communicate in real time and allows the end users to access to their facilities. It offers flexibility over traditional hardwired access control systems, as it is easy to install and cost lesser than traditional wired access control.
In light of these advantages, the global wireless access control market was valued at US$830.37 mn in 2016 and is expected to grow at a CAGR of 7.9% from 2017 to 2025. Transparency Market Research states that the global wireless access control market will be worth US$1,657.0 mn by the end of 2025.
RFID Tags to Remain Popular Form of Wireless Access Control
Global wireless access control market is segmented into component, application, end-use industry, and by region. By component, the market is further segmented into hardware, software and services. Hardware segment is further bifurcated into readers, locks, transceivers, batteries and others. Again, the readers sub segment is further divided into biometric, RFID tags and readers, mobile credentials and others. A thorough analysis of the market suggested that the RFID tags and readers is popular amongst enterprises that have a capacity of over 200, whereas biometrics remained integral to smaller setups. However, the overwhelming usage of smartphones is likely to have a positive impact on smartphone access sub-segment.
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By application, wireless access control market can segmented into door access controls and non-door access controls. Door access controls contributing highest market share, the main functions of door access control is used to provide access to authorized users, monitoring timing and attendance. Also, the non-door access controls that includes cabinet locks, server rooms and others are becoming the hottest trends. Analysts anticipate that the non-door access control segment is likely to surge at a CAGR of 12.9% during the forecast period.
By end-use industry, the wireless access control market can be segmented into residential, commercial and institutional. Commercial industry enjoys the highest market share among others due to necessity of safeguarding the organization assets and employee’s safety. The commercial segment is expected to the lead the global market as the need to secure workplace premises is an urgent one amongst enterprises of varying capacities. By the end of 2025, the commercial segment is projected to acquire a share of 56.31% in the global wireless access control market in terms of revenue.
High Usage of Smartphones in North America Puts Region at the Forefront of Wireless Access Control Market
Global wireless access control market is segmented by region into North America, which includes the U.S, Canada, and Rest of North America, South America, which is inclusive of Brazil and Rest of South America, Europe, which includes the U.K., France, Germany, and Rest of Europe, Asia Pacific, which includes China, India, Japan, and Rest of Asia Pacific), and the Middle East & Africa, which includes GCC, South Africa, Rest of Middle East & Africa). North America has the highest market share for wireless access controls with the highest market revenue in 2016, accounting to about 31.3% in terms of revenue. This trend in the regional market will be fueled by the increasing usage of smartphones. Asia Pacific region is anticipated to grow at highest CAGR of 9.3% by revenue due to rise in service industry in the emerging economies of this region.
The prominent players in the wireless access control market includes ASSA ABLOY Group, Dormakaba Holding AG, Johnson Controls Plc., Salto Systems K.S., Bosch Security System, Honeywell Security Group, Cansec System, Tyco Security Products, Godrej & Boyce Manufacturing Company, Altman Integrated Technologies and Nortek Security and Control LLC among others had an prominent market share. For global wireless access control market, ASSA ABLOY Group and Dormakaba Holding AG held the largest market share in 2016.Read more..
Lithographic equipment are widely employed for printing complex circuit patterns on silicon wafers that are mainly raw materials for integrated circuits (ICs). Printing process is considered to be one of the most expensive and critical steps in wafer fabrication. The IC industry is therefore focused toward using lithographic equipment as cost-efficient enhancements in the production technology.
Movement toward New Innovations in Lithography Entails New Challenges & Opportunities
Following expansion of electronic device industry, demand for semiconductor IC for application in different areas such as sensor devices, memory devices, communication, and consumer electronic devices has witnessed a tremendous surge. This has further created the need for cost-efficient and effective printing equipment of IC production such as lithographic equipment.
However, digital printing has been consistently gaining ground on the lithographic equipment market since the recent past, and has closed in at a point wherein it is on the brim of dominating the IC production. On the other hand, higher cost per sheet of digital printing compared to that of lithography equipment will remain a major factor hindering adoption of digital printing technology for semiconductor IC fabrication.
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According to Transparency Market Research, a splendid expansion at over 15% CAGR will be reflected by the global lithography equipment market during the period 2017 to 2026. Approximately US$ 640 Mn revenues are forecast to be gained from sales of lithographic equipment across the globe by 2026-end.
APEJ to be Most Lucrative Market for Lithography Equipment
With the presence of a large number of leading lithographic equipment manufacturers, along with rapid rise of the semiconductor industry in Asia-Pacific excluding Japan (APEJ) have made the region to be most lucrative for the lithographic equipment market. In addition, revenues from lithographic equipment sales in APEJ will increase at the highest CAGR through 2026, followed by those in Japan. Proliferation in adoption of smartphones, in parallel with a constant rise in demand for compact electronic devices are further likely to contribute the market growth in these two regions.
North America will also contribute significantly to the market growth, in terms of revenues. This can be highly attributed to surging demand for advanced ICs in the region for making innovations in products. Robust expansion of consumer electronics sector in North America will also underpin expansion of the lithography equipment in the region.
Key Research Findings from TMR’s Report
- Mask aligner and laser direct imaging will prevail as dominant technologies in the global lithography equipment market
- 3D WLP will continue to be the most lucrative packaging platform for lithography equipment
- Lithography equipment will find the largest application in advanced packaging during 2017 to 2026
The global market for lithographic equipment has been densely marked with the occupancy of prominent vendors, who hold majority share of the market. These vendors are continuously working on developing innovations in the equipment for reducing the cost per function and improving the profit margins of IC manufacturers. Key players actively underpinning expansion of the lithographic equipment market include Ultratech, SUSS, Cannon, Nikon, SMEE, Rudolph, EVG, ASML, ORC, USHIO, Orbotech, and Screen.Read more..
Airborne weapon system is a set of devices comprising several weapons and delivery vehicles along with the integral equipment necessary for transporting or carrying the weapon system by air. A classic aircraft weapon system includes elements such as automatic gun fire control system, missile control system, fuse function control system, multiple weapon release system, and jettison system.
The demand for a variety of airborne weapon systems has significantly increased in the past few years from countries wanting to safeguard their people from external or internal threats. The rising expenditure on military and defense practices across a number of countries, rising war disputes between countries, and a rising tone of instability on a worldwide level are factors that are driving the market.
The global airborne weapon system market was valued at US$95.20 bn in 2016 and is expected to expand at a CAGR of 3.71% from 2017 to 2025.
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Fighter Jets to Remain Most Lucrative Aircraft Variety
On the basis of aircraft type, the market is segmented into fighter jet and helicopter. The production of fighter jets across the world is approximately three times the production of helicopters. Fighter jets have features such as advanced stealth, sensor fusion, integrated avionics, and superior logistics provision with the most prevailing and wide-range integrated sensors. Advanced stealth allows aviators to infiltrate areas without being identified by detectors that legacy fighters cannot avoid. High defense spending in developing as well as developed countries such as the U.S., China, the U.K, India and Israel is one of the key factors leading to the increased demand for fighter aircraft segment in airborne weapons market. Therefore, the share of this segment is expected to rise to as high as 74.01% in 2025.
In terms of the type of weapon used, the airborne weapon system market can segmented into bombs, guns, rifles, and missiles. In 2016, the missiles segment is expected to hold highest share in the airborne weapon system market. Among various weapons types, the missiles segment dominated the airborne weapons market followed by bombs in 2016 and anticipated to grow at a CAGR of 4.05% during the forecast period. Technological advancement in missiles to destroy enemy aircraft or helicopter at faster speed is one of the key factor driving the demand of missiles segment in airborne weapons market during the forecast period.
North America to Remain Strong in Global Market
Geographically, the report segments the global airborne weapon system market into North America, Europe, Asia Pacific, Middle East and Africa, and South America. North America is presently the dominant shareholder in global airborne weapon system market due to its highest share in the production of fighter jets. Technological innovations in the defense weapons industry are not just oriented towards efficiency but also improved product quality and enhanced customer experience.
Manufacturers in the region are coming up with path-breaking product features at a considerable price range to meet buyer’s expectations. Airborne weapon system industry players are expanding their presence in growing weapons markets such as China, Israel, and India among others where the operating costs are low and demand is rising.
Some of the leading companies operating in the global airborne weapon systems market are Safran Electronics & Defense, FN Herstal, Boeing, Airbus, Ultra Electronics, Rheinmetall AG, SAAB AB, BAE System, Raytheon Company, and Lockheed Martin Corporation.Read more..
Integrated Passive Device Market: An Insight On the Important Factors and Trends Influencing the Mar
Integrated Passive Device refers to the passive components including resistors, capacitors, and inductors, among others which are arranged in various combinations depending upon their applications. With the help of Integrated Passive Device various functional blocks can be realized which includes filters, RF filters, converters, couplers, diplexers, among others. Filters are predominantly used in wireless applications where there is high interference from the radiation caused due to stray magnetic field and that created by the other devices in the environment. Filters help in eliminating the stray fields and allow only those waves which are required to pass through them. With the use of Integrated Passive Devices, it is possible to reduce the size of the circuit by approximately seventy percent which results in cost saving while ensuring increased performance along with a compact design of the electronic device.
According to the report, the global integrated passive devices market is projected to expand at a CAGR of 10.72% during 2017 and 2025.
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Consumer Electronics Emerges as Leading End-use Segment
Based on the End-User, the market has been divided into automotive, consumer electronics, healthcare and others. In 2016, the consumer electronics segment was the topmost revenue generating segment owing to the increased implementation of the Integrated Passive Devices in electronic devices which are becoming compact in size. Furthermore, the automotive segment is also expected to witness a healthy growth owing to the large scale adoption of electronics in the automobiles for infotainment, battery management system, driver assistance systems, and GPS among others. The consumer electronics segment is expected to grow at CAGR of 10.80 % over the forecast period from 2017 to 2025.
LED Lighting Segment to Remain Prominent Application Segment
Based on the application, the market has been segmented into EMI/RFI filtering, RF Integrated Passive Device, LED lighting and others. In 2016, the LED lighting segment generated a revenue of US$ 150.1 Mn and is expected to grow at the highest CAGR of 11.21%. This growth can be attributed to the increasing use of LEDs for residential, commercial and municipal lighting which is found to be cost effective in the long run. Additionally, there is also a bolstering growth in the use of LEDs for display in 4-K television and smartphones display that is fuelling the growth of LEDs.
Asia Pacific to Remain Highly Promising Regional Market
Integrated passive devices have witnessed increased adoption in the Asia Pacific region owing to the presence of large number of electronics manufacturing facilities of the established players and various domestic players in the region. Additionally, the increasing number of wireless devices and the advent of high speed internet which employ Integrated Passive Device technology for efficient and improved performance. The widespread adoption of automation in the industries couples with the growing implantation of the Integrated Passive Device in the healthcare sectors is further expected to fuel the growth of the integrated passive device market in the region. The Asia Pacific region is anticipated to grow at a CAGR of 11.97% over the forecast period and occupy a revenue share of US$ 471.6 Mn in 2025.
The key players profiled in the global integrated passive device market include Texas Instruments, Qorvo, Inc., Murata Manufacturing Co., Ltd, NXP semiconductors, Broadcom, On Semiconductor Corporation, Taiwan Semiconductor Manufacturing Company Limited, Johanson Technology, Inc., STMicroelectronics, MACOM, and CTS Corporation, among others.Read more..
Maritime Antennas Market: Research Report Analysis, Size, Share, Growth, Trends and Forecast Opportu
Antenna is a device that is used to transform radio-frequency (RF) signal, travelling on a conductor into electromagnetic wave in free space. It is one of the important components used for communication systems. Maritime antennas are deployed on vessels and are accountable for many applications including shore to vessel communications, vessel tracking, broadband connectivity, and vessel to vessel communication and entertainment purposes. Maritime antennas fulfills customers demand for connectivity, and utilization of devices for applications such as video, audio and communication requirements. The antennas for maritime are particularly designed to be used in extreme environment and are unaffected to ship vibrations and extreme wind loads.
The factors favoring the growth of maritime antennas are cumulative emphasis towards crew prosperity and demand for broadband connectivity in vessels for entertainment and other communication purposes. There had been different types of antennas that have emerged with the increasing requirements of mariners. Some of the leading players are investing in research and development to provide new commercialized maritime antennas market, to provide seamless connectivity for wireless technology devices in the vessels. Furthermore, demand for maritime antenna is driven by connectivity and shift towards connected vessels. This demand for data connectivity is constantly increasing as capacities are being launched by satellite operators for maritime antennas markets.
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The factors restraining the growth of the sector are instabilities in antenna construction. Furthermore, incompetence to withstand in harsh marine conditions and provision for continuous connectivity are expected to constrain maritime antennas market growth over the forecast period.
Challenges are numerous owing to the threats from hackers and pirates. Furthermore, satellite complexity and consistency required advancements in the field. It will be difficult to monitor certain aspects, as it will require considerable high investments and developments in the maritime antennas setups.
The maritime market is segmented by antenna type, frequency band, end-users and geography. On the basis of antenna type market is classified as cellular antennas, SSB, Wi-Fi, AM/FM, VHF, 4G, GPS and others. Further, the frequency band is segmented as VHF, MF, UHF, SHF and EHF band. On the basis of end-users, the market is classified into merchant, offshore, passenger, fishing and naval vessels. Furthermore, maritime market segmented based on geography includes North America, Europe, Asia Pacific, Middle East and Africa and South America.
North America and South America regions are anticipated to dominate the global Maritime Antennas Market. Furthermore, Europe is anticipated to emerge as second leading region in maritime antennas market owing to high requirement of marine antenna for communication and VSAT systems.. Moreover, Asia Pacific region is expected to surge in the maritime antennas market backed by growth from countries including Japan, China and India, due to increasing use of various type of vessels and growth in merchant vessel shipments
Some of the key players in the maritime antennas market are ORBIT Communication Systems Ltd., Raymarine Marine Electronics, Comrod Communication AS, Intellian Technologies Inc., Paradigm Communication Systems Ltd., COBHAM plc., Immersat plc., KVH Industries Inc., KNS Inc., Immersat plc., AC Antenna and SATCOM Broadcast LimitedRead more..
Holographic Display Market: Region Wise Analysis of Top Players in Market by its Types and Applicati
The holographic display market is expected to report strong growth between 2016 and 2024. The increasing use of holographic displays in medical imaging is one of the chief drivers of the market. Besides this, the rising demand for holographic projections at events, fashion shows, conferences, product launch ceremonies, and product marketing events is also expected to help the market gain pace through the course of the forecast period.
The holographic displays in general use components such as light modulator, scanner, lens, digital micrometer, and monitor. Currently, the commercial application of holographic displays has increased at a rapid pace. In addition, the market is also expected to witness increasing demand from consumer application, industrial application, medical application, and military and space application segments. Such rising areas of applications are indicative of potential opportunities promising high CAGR for the market in the near future. Furthermore, with the launch of the latest technologies, the growth exhibited by the global holographic display market is expected to remain high over the forthcoming years.
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For the purpose of the study, the global holographic display market is segmented based on various parameters. For instance, based on technology the global holographic display market can be segmented into touchable, plasma, laser, semi-transparency, and electro holographic segments. In terms of product, the market can be classified into kiosks, digital signage, notebooks, medical scanners, and others.
The report presents in-depth insight into the factors supporting the market’s growth across the aforementioned segments. Compiled with the intent of updating stakeholders about the prevailing market dynamics, the report includes exhaustive information obtained from trusted industrial sources. Supported by coherent graphs, tables, and statistics, information thus disclosed in the report, is intended to help the market participants, both existing and new entrants, create winning strategies for the future.
Global Holographic Display Market: Drivers and Restraints
The global holographic display market is driven by the increasing demand for advanced medical imaging. The changing consumer preference towards PCs, smartphones, and tablets is expected to have a significant influence on the market. As consumer spending on advanced electronic devices increase, the projected sales of holographic displays is also expected to spike higher. Currently, the market is witnessing rising demand from the emerging economies. As consumers therein increasingly use tablet and other smart handheld devices for personal use, the demand for holographic displays is likely to increase further.
On the downside, the high cost of assembling holographic display devices are playing a sort of spoilsport. The process involves manufacturing and fabrication of new technologies, which might prove cost-intensive for smaller companies. Furthermore, the pricing might seem expensive for consumers across underdeveloped nations, limiting the market’s growth therein. Furthermore, holographic displays are yet to be commercialized in developing economies, however, post which the holographic displays market will be able to gain pace, as predicted by the TMR report.
Global Holographic Display Market: Regional Outlook
North America, Asia Pacific, Europe, and Rest of the World are covered under the report as the leading regional segments in the global holographic display market. Overall the market is poised to exhibit robust growth with North America, which is expected to continue exhibiting the most lucrative prospects. Besides this, the global holographic display market is also expected to witness attractive opportunities in Asia Pacific. High growth witnessed in emerging economies such as India and China is expected help the holographic display market gain pace in Asia Pacific.
Global Holographic Display Market: Vendor Landscape
The research reports includes a detailed assessment of the prevailing vendor landscape. For the purpose of the study, it thus compiles some of the leading market participants. These include companies such as Eon Reality Inc. (U.S.), AV Concepts (U.S.), Zebra Imaging (U.S.), Konica Minolta Inc. (Japan), Provision Holdings Inc. (U.S.), Holoxica (U.S.), Qualcomm (U.S.), Realview Imaging Ltd. (Israel), Musion Das Hologram Ltd. (U.K.), and ViewSonic Corp. (U.S.).Read more..
Integrated Building Management Systems Market: Global Market Estimation, Dynamics, Regional Share, T
Building Management Systems (BMS) or building automation systems (BAS) are computer based control systems installed in buildings, which monitor and control the building’s electrical and mechanical equipment such as security system, fire system, power system, lighting and ventilation. Building management systems consist of hardware and software. The software can be proprietary and is generally programmed in a hierarchical manner, using protocols such as Profibus and C-Bus. In modern times, building management systems also integrate through internet protocols such as Modbus, LonWorks, BACnet, XML, SOAP, and DeviceNet.
Building management systems are commonly installed in large scale projects which have extensive electrical, HVAC, and mechanical systems. Close to 40% of a building’s energy usage is from systems that are linked to a building management system. In addition to internal systems, building management systems are also linked with access control such as access doors controlling and turnstiles that allow access and outlet to the building, and other security systems such as motion detectors and CCTV. Elevators and fire alarm systems are often linked with a building management system for monitoring purposes.
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The global integrated building management systems market is segmented on the basis of solutions, end-user, and geography.On the basis of solutions, the market is segregated into hardware, software, and services. Hardware dominated the market segment for solutions in 2015 and is forecasted to experience a steady growth rate over the forecast period. This is attributed to increase in buildings preferring integrated building management systems over individual building management systems (BMS). In addition, an integrated system replacing an unconnected system in existing buildings is also triggering market growth of this segment.
On the basis of end-user, the global market is segregated into government buildings, residential buildings, and commercial buildings. Commercial buildings held the most dominant market share in 2015 and is forecasted to witness a steady growth rate over the forecast period owing to increase in demand among commercial buildings as it is easier to predict and manage potential issues by managers. Therefore, there is increased demand for adopting integrated building management systems in commercial buildings
Major drivers of the global market for integrated building management systems include the amount of cost and energy savings among commercial end-users. In addition, degree of flexibility offered by integrated building management systems is another major reason driving the global market. High cost of switching from a traditional individual building management system is a major restraint hindering market growth. The upcoming trend of convergence of IoT and smart buildings is a major opportunity forthe global market for integrated building management systems.
Geographically, the global market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held the most dominant share in the global market in 2015 and is forecasted to witness steady growth over the forecast period. This is attributed to increased adoption of advanced technology in the region. In addition, more number of buildings integrating IBMS into their systems is a major reason for the dominant market share. Asia Pacific is forecasted to be the most rapid growing region in the global market for integrated building management systems.
Major players of the market include Cisco, Honeywell, Johnson Controls, Schneider Electric, United Technologies, Bosch Security, BuildingLogiX, Siemens, Bajaj Electricals, Jardine Engineering Corporation, MS Group, Oberix, AllGreenEcotech, Phoenix Energy Technologies, Alerton, Demont Engineering, Avanceon, and Building IQ.Read more..
Multi-factor authentication can be considered to be an emerging sector of the identity access management and may utilize many-fold methods of authentication to verify a user’s identity. Authenticating user identity ensures security during online transactions, while logging into online services, and accessing corporate resources. Credentials that have been compromised are the key cause resulting breach of data. Multi-factor authentication is thus utilized by enterprises in order to administer an extra security layer that makes users to authenticate via knowledge, possession, and inherence factors to gain access to corporate and social networks.
There has been as surge in concern regarding data privacy across the globe. A large number of countries have introduced countermeasures be implementing regulations such as HIPAA, Gramm-Leach-Bliley Act (GLBA), Basel II, PCI DSS, and SOX. The rise in regulatory demands for large banks and PCI companies is providing impetus to the adoption of multi-factor authentication in across the globe.
The global multifactor authentication market is expected to rise to US$20,444.9 mn by 2025 from US$ 4,829.2 mn in 2016. Over the forecast duration of 2017 and 2025, the global multifactor authentication market is prognosticated to expand at 17.7% CAGR.
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Cost Effectiveness of Two-Factor Authentication Segment to Push it to Top
On the basis of the authentication models the multifactor-authentication market has been further segmented into three categories which are, two-factor authentication, three-factor authentication, and four-factor authentication. Two-factor authentication is a two-step verification process of combining any two of the four possible authentication parameters including possession, knowledge, genetics and location. Among all the models, two-factor authentication model could see a significant market share for the forecast period-2017-2025, as it is a cost-effective method for multi-factor authentication.
On the basis of the end-user industry segment, the multi-factor authentication market has been divided into BFSI, government, healthcare, retail, defense, telecom & IT, and others. Among all the sectors, BFSI is expected to show a significant market revenue share for the forecast period. This higher market revenue share is attributed to the increasing number of cyber-attacks on financial institutions.
Presence of Key Vendors to Propel North American Market
North America is expected to have the highest market revenue share. The growth in the North American region is majorly due to the countries such as United States and Canada. Furthermore, many companies from the multi-factor authentication market are significantly focusing on strategic mergers and acquisitions for deeper geographical penetration.
Some of the major players in the multi-factor authentication market are RSA Security, SecureAuth Coproration, Microsoft Corporation, CA Technologies, Symantec Corporation, Vasco Data Security International Inc., Okta Inc., Ping Identity, Gemalto, Entrust Datacard Corporation and HID Global Corporation.Read more..