According to a new market research report published by Global Insight Services ”Multi-Factor Authentication Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Multi-factor authentication (MFA) is an authentication method in which a user is granted access only after successfully presenting two or more pieces of evidence (or “factors”) to an authentication mechanism.
The most common factors are something you know (e.g., a password), something you have (e.g., a hardware token or smartphone), and something you are (e.g., a biometric characteristic such as a fingerprint).
Key Players
The global multi-factor authentication market includes players such as Microsoft, Broadcom, Onespan, Okta, Micro Focus, Thales Group, RSA Security, Duo Security, Ping Identity, Hid Global, and others.
Download a Free PDF Sample Copy of Report – https://www.globalinsightservices.com/request-sample/GIS20609
Key Trends
There are several key trends in multi-factor authentication technology.
One is the move away from traditional passwords and toward biometric authentication. This includes the use of fingerprints, iris scans, and facial recognition. Another trend is the use of smart cards or tokens that generate one-time codes.
Another trend is the use of risk-based authentication. This approach evaluates the risk of a particular transaction and then applies the appropriate level of authentication.
Key Drivers
Multi-factor authentication (MFA) is an authentication method in which a user is granted access only after successfully presenting two or more pieces of evidence (or “factors”) to an authentication mechanism.
The key drivers of the MFA market are the increasing need for advanced security solutions, the growing adoption of cloud-based services, and the increasing number of regulations and compliance mandates.
Get Customized report as per your requirements: https://www.globalinsightservices.com/request-customization/GIS20609
Market Segments
The multi-factor authentication market is segmented by authentication type, component, end-use, and region. By authentication type, the market is classified into password authentication, and passwordless authentication. On the basis of component, it is bifurcated into solutions, hardware, and services. Based on end-user, the market is classified into BFSI, government, IT, healthcare, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Reasons to buy Multi-Factor Authentication Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
Buy your copy now: https://www.globalinsightservices.com/checkout/single_user/GIS20609
Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1-833-761-1700