Multi-Factor Authentication (MFA)
Multi-factor authentication (MFA) is a method of computer access control in which a user is granted access only after successfully presenting several separate pieces of evidence to an authentication mechanism – typically at least two of the following categories: knowledge, possession, and inherence.
Market trend Snapshot
Global Multi-Factor Authentication (MFA) market was valued at XXXX million USD in 2019 and is proved to reach XXXX million USD by 2026, growing at a CAGR of XXXX%. This report provides comprehensive and in-depth analysis and prediction of the Multi-Factor Authentication (MFA) industry. The immense growth benefits from various factors. Firstly, the increasing adoption of BYOD and cloud-based services across enterprises, stringent security regulations, and rising investments in cloud technologies are the major factors that propelling the Multi-Factor Authentication (MFA) market. Furthermore, the mounting cases of cyber attacks and data breaches across organizations, increasing online transactions, growing digitalization of financial and welfare services, and rising internet users are some of the other important factors that giving impetus to market growth. On the contrary, the Multi-Factor Authentication (MFA) market growth is projected to passively affected by the cost and implementation complexity.
From Base year 2018 to forecast year 2026
Get FREE Sample of Multi-Factor Authentication (MFA) Market Report at:
Key Market Players Profile
Key market players covered in the report are Safran, Gemalto NV, NEC Corporation, 3M, CA Technologies, Fujitsu, VASCO Data Security International Inc., HID Global Corporation/ASSA ABLOY AB, RSA Security LLC, Suprema HQ Inc., Crossmatch, EMC Corporation, Entrust Inc., Okta Inc., Trustwave Holdings, and IBM. The market share, revenue, company profile, and SWOT analysis of these enterprises are covered in the report. Production and consumption are estimated to continue developing with a stable growth rate. To meet the surging demand, more new entrants are expected.
North America is the leading market in Multi-Factor Authentication (MFA) market
The report covers the major countries in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy tuning, social dynamics, fashion trends, and economic development are all taken into consideration.
North America dominated the Multi-Factor Authentication (MFA) market and expected to maintain dominance during the forecast period. This is mainly attributed to technological advancements, the proliferation of smartphones, enhanced network connectivity, and high adoption rate of digital service. Furthermore, the growing cases of cyber attacks are some of the other crucial driving factors for market growth in this region. Apart from this, the presence of major technology players such as CA Technologies; Symantec Corporation; Vasco Data Security International, Inc.; and RSA Security LLC is anticipated to help the market in North America to gain tremendous traction over the forecast period.
The Asia Pacific is projected to be the fastest growing region during the predicted years. The increasing spending on connected services, growing investments in cloud-based and IoT technologies, and spiraling demand for digital services are the major factors driving the market growth in this region. Moreover, soaring emphasis on security of personal data and authentication of online transactions, coupled with increasingly stringent regulatory compliances are also propelling the Multi-Factor Authentication (MFA) market growth in this region.
Multi-Factor Authentication (MFA) Type and Application Sketch
By type
Two-Factor Authentication is the largest segment with a share of almost 70% of global Multi-Factor Authentication (MFA) market share. Two-factor authentication models are user-friendly and easy to administer. It is used generally for user identification, employee authentication, access control, and other authentication purposes.
The two-factor authentication includes smart card with pin, smart card with biometric technology, biometric technology with pin, two biometric authentications, and one-time password with pin. The three authentications include smart card with pin and biometric technology, smart card with two biometric technologies, pin with two biometric technologies, and three biometric authentications.
By application
Get FREE Sample of Multi-Factor Authentication (MFA) Market Report at:
Multi-Factor Authentication (MFA) Report provides
Target Audience:
Get FREE Sample of Multi-Factor Authentication (MFA) Market Report at:
Contact
We provide more professional and intelligent market reports to complement your business decisions.
Chinese