Transparency Market Research (TMR) observers the global multi-factor authentication market has a highly fragmented vendor landscape. The presence of numerous companies in the market is expected to further fragment the market. Some of the companies operating in the multifactor authentication market are Gemalto, EMC, Entrust, and Vasco. These players are increasingly taking part in business activities such as collaborations and mergers & acquisitions. Additionally, they are focusing on product innovation and improvement.