Two-factor biometric solutions are used to ensure physical and information security. Here, the user needs to provide the second piece of information - a code, a temporary password, or a finger swipe - to access credentials. If the user is unable to provide the correct information, the account remains locked.
The growing number of online transactions is considered to be one of the major drivers for this market. Though internet-based financial transactions are highly vulnerable to cyber-attacks, consumers are still dependent on the Internet for financial transactions due to its high convenience. Even though many financial institutions from across the globe have started using hardware OTP (one-time password) for financial transactions, the rising number of online-dependent customers will augment the need for better security techniques. This need for better security measures will fuel the need for two-factor authentication among end users from the banking and financial sectors.

Market Analysis and Insights: Global Two-Factor Biometrics Market
The global Two-Factor Biometrics market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Two-Factor Biometrics market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Two-Factor Biometrics market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Two-Factor Biometrics market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Two-Factor Biometrics market.

Global Two-Factor Biometrics Scope and Market Size
Two-Factor Biometrics market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Two-Factor Biometrics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Passwords
Hard Tokens
Soft Tokens
OTP
Biometrics

Segment by Application
BFSI
PCI
Government
Healthcare

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
EMC
Entrust
Gemalto
VASCO
Authenex
Authentify
Authy
Deepnet Security
DynaPass
Fortinet
HID Global