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Multi-factor authentication market strengthens with growing cyber threats

According to the latest market research report from Marketsandmarket the multifactor authentication market  is expected to grow at a CAGR of 15.52% to reach USD 12.51 Billion by 2022. Factors such as an increase in data breaches and cyber attacks, stringent regulations and the growing pressure of data security compliances, and the growing adoption of BYOD concept among enterprises are driving the growth of the multifactor authentication market.

Business News

Smart building cyber security to reach $8.65Bn by 2021

The rise of the Internet of Things in Buildings (BIoT) offers up tangible business benefits and many new opportunities for innovation, but these need to be carefully weighed up against the potential risks of increased cyber security vulnerability. The latest report published by Memoori finds that if threats are not properly managed by stakeholders across the supply chain, we run the risk of undermining consumer confidence in the market.

Business News

Richard Forsyth, UK & Ireland Sales Manager, at Ievo

Fingerprint technology maintains lead in biometrics

According to a report published by Techsci Research, the global biometrics market size is set to cross $24 Billion by 2021. A further report from Technavio on the global multimodal biometrics market indicated CAGR of more than 15% over the forecast period. Of this marked growth, fingerprint recognition technology holds the largest single factor authentication segment and is predicted to continue to hold this pole position for the foreseeable future.

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