Multi-Factor Authentication market report provides a comprehensive analysis of the business models, key market dynamics, which includes the drivers, restraints, trends, and opportunities, key strategies, and respective market shares of some of the major key players like
Duo Security Inc. (Cisco Systems)
etc. in the Multi-Factor Authentication landscape. Along with an in-depth interpretation of the key influencing factors, market information in terms of revenues, segment-wise data, region-wise data, and country-wise data is offered in the full report. The main aim of the Multi-Factor Authentication market report is to present exclusive information about how the market will perform during the forecast period of 2021-2027.
This research is beneficial for shareholders in the Multi-Factor Authentication market, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the Multi-Factor Authentication industry. The insights and knowledge presented in this report can be leveraged by shareholders in the Multi-Factor Authentication market, industry experts, investors, researchers, and reporters, as well as Multi-Factor Authentication business enthusiasts.
From raw materials to downstream buyers of this industry will be analyzed scientifically, the feature of product circulation and sales channel will be presented as well. In a word, this report will help you to establish a panorama of industrial development and characteristics of the Multi-Factor Authentication Market.
The Multi-Factor Authentication Market size was valued at US$ 9.24 Bn in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.11% for the forecast period ending 2027 reaching a Market value of US$ 26.57 Bn. Some of the key players covered in the Multi-Factor Authentication Market report include
Duo Security Inc. (Cisco Systems)
Gemalto NV (Thales Group)
As a part of market segmentation, our study exhibits a market analysis on the basis of type, industry application, and geography.
By Product Type
By Solution Type (Hardware, Software)By Authentication Type (Two-factor, Other)
By End-user Vertical (BFSI, Healthcare,IT and Telecom,Retail, Government,Others)
North America [United States, Canada, Mexico]
South America [Brazil, Argentina, Columbia, Chile, Peru]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
Middle East & Africa [GCC, North Africa, South Africa]
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Our experts synthesize information from proprietary databases, syndicated reports, primary research, and secondary data, such as company reports, press releases, published peer-reviewed journal articles, disease registries, and general news media to provide a complete picture of your Market. Our approach ensures that every data point and inference go through multiple validations while leveraging a variety of sources to formulate market and opportunity size.
Key Coverage and Benefits:
The report will help in developing business strategies by understanding the trends shaping and driving the global Multi-Factor Authentication market.
The report provides detailed historical and forecasted data of Multi-Factor Authentication from 2017-2027.
Organize sales and marketing efforts by identifying the best opportunities for Multi-Factor Authentication in the US, Europe, and Japan.
To understand the future market competition in the global Multi-Factor Authentication and insightful review of the key market drivers and barriers.
To understand the regulatory scenario in major markets.
The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Key Target Audience:
Raw material suppliers
Market research and consulting firms
Government bodies such as regulating authorities and policymakers
Organizations, forums, and alliances related to Multi-Factor Authentication forums and alliances related to Multi-Factor Authentication
Impact of COVID-19 on Multi-Factor Authentication Market:
Multi-Factor Authentication Market report analyses the impact of Coronavirus (COVID-19) on the Multi-Factor Authentication industry. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Multi-Factor Authentication market in 2021
Key Highlights of the Table of Contents:
Multi-Factor Authentication Market Study Coverage: It includes key market segments, key manufacturers covered, the scope of products offered in the years considered, global Multi-Factor Authentication Market, and study objectives. Additionally, it touches on the segmentation study provided in the report based on the type of product and applications.
Multi-Factor Authentication Market Executive summary: This section emphasizes the key studies, market growth rate, competitive landscape, market drivers, trends, and issues in addition to the macroscopic indicators.
Multi-Factor Authentication Market Production by Region: The report delivers data related to import and export, revenue, production, and key players of all regional markets studied are covered in this section.
Multi-Factor Authentication Market Profile of Manufacturers: Analysis of each market player profiled is detailed in this section. This segment also provides SWOT analysis, products, production, value, capacity, and other vital factors of the individual player.
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Date : May 2021
Report ID : 685
Category : Information Technology
Multi-Factor Authentication Market Definition and Estimation:
A multi-factor authentication (MFA) is a method necessitating authentication factors that go beyond the traditional
set of credentials, usually a username and password, to grant access to information. The benefit of using an MFA is
that it enhances the security of a user or organization’s information. It requires users to provide additional verification
information, classified into three main types – knowledge, possession, and inherence. Knowledge involves answers to
security questions, passwords, and other things known to the individual only. Possession involves OTP generated by
text, email, or apps, access badges, smart cards, and more that is available exclusively. Inherence consists of
fingerprints, facial, voice, retina or iris recognition, behavioral analysis, etc. specific in nature.
The multi-factor authentication market size was USD 9.24 billion in 2019 and expected to reach USD 26.57 billion by
2027; this converts into a compound annual growth rate (CAGR) of 14.11% for the forecast period.
Multi-Factor Authentication Market Overview:
Security is the major challenge in the digital age. With the development of complex tools, technology alone cannot
combat threats. In recent times, several organizations have gravitated towards a work from the home scenario that
has mandated access to information via employees’ personal unsecured devices. The surge in cybercrimes and the
transition to remote work has increased the need for ‘Zero Trust’ architecture that reduces both complexities and
costs without compromising on security. As a result, the market for MFA solutions is predicted to witness steady growth
in the years to come.