The global MFA market size is projected to grow from USD 11.1 billion in 2021 to USD 23.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.2% during the forecast period. Major driving factors for the MFA market include rise in security breaches, fraud, and data identity thefts, surge in use of BYOD/ IoT devices, high demand for cloud-based MFA solutions and services, high volume of online transactions, and stringent government regulations.
Key and innovative vendors in the MFA market include Micro Focus (UK), Broadcom (US), Microsoft (US), OneSpan (US), Okta (US), Thales (France), RSA Security (US), Duo Security (US), Ping Identity (US), HID Global (US), ESET (Slovakia), ForgeRock (US), CyberArk (US), OneLogin (US), SecureAuth (US), Oracle (US), Salesforce (US), Secret Double Octopus (Israel), Silverfort (Israel), Trusona (US), FusionAuth (US), HYPR (US), Keyless (US), and Luxchain (Hong Kong).
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These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their presence in the MFA market. Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by the major players from 2018 to 2021 to innovate their offerings and broaden their customer base.
RSA Security was acquired by EMC Corporation in 2006 and operated as a division within EMC. When EMC was acquired by Dell Technologies in 2016, RSA became part of Dell Technologies. Dell Technologies announced the sale of its legacy security firm RSA to a consortium of investors led by Symphony Technology Group (STG) in February 2020. RSA was founded in 2002 and is headquartered in California, US. STG is a private equity firm and one of the market-leading companies in data, software, and analytics. RSA provides RSA SecurID Suite that enables organizations of all sizes to mitigate identity risk and maintain compliance without impeding user productivity. It ensures that users have appropriate access and confirms they are who they say they are with a modern, convenient user experience. It also provides unified visibility and control across different applications and areas within an organization. The company provides essential cybersecurity capabilities that fuse comprehensive visibility with advanced analytics designed to enable more effective detection and response, and drive faster, better-informed decisions to help manage an organization’s security and risk posture. RSA solutions are engineered to enable organizations to detect, investigate, and respond to advanced attacks; confirm and manage identities; and, ultimately, help reduce IP theft, fraud, and cybercrime. The company has been engaged in providing security solutions and offers security solutions in the areas of managing organizational risk, safeguarding mobile access and collaboration, preventing online fraud, and defending against advanced threats. The company operates in the Americas, APAC, Europe, MEA.
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OneSpan was founded in 1991 and is headquartered in Illinois, US. In May 2018, VASCO changed its name to OneSpan, with a new ticker symbol OSPN. The company is a specialist in user authentication, electronic signature, digital signature, online application security, mobile app security, Public Key Infrastructure (PKI), digital identities, user convenience, transaction data signing, network security, two-factor authentication, and SaaS. The company has industry expertise in the areas of financial services, banking, insurance, and government. It has more than 10,000 customers, including the world’s top banks, such as Bank of America, Deutsche Bank, and Public Bank. The company has a global presence with main offices in Chicago, Montreal, Brussels, and Zurich.
Multi-Factor Authentication Market by Component (Hardware, Solutions, and Services), Model Type (Two, Three, Four, and Five-Factor), Organization Size, End User (BFSI, Healthcare, Media and Entertainment, Government), and Region - Global Forecast to 2026
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Global Multi-Factor Authentication Market is expected to reach USD 17.76 billion at a CAGR as the scope and its applications are rising enormously across the globe.
To confirm the user’s identity for a login or other transaction, Multi-Factor Authentication (MFA) is a security system that needs more than one technique of verification from independent groups of credentials.
The multi-factor authentication market is expected to grow at a CAGR of 15.07% by 2025.It allows administrations to use enhanced safety choices and used in various applications as high security guarantee and welfares provided for data security are documented as major factors of Multi-Factor Authentication Market that are estimated to enhance the growth in the years to come.
Multi-Factor Authentication industry is segmented based on model, applications, and region.Five factor authentication, four factor authentication, three-factor authentication and two-factor authentication are the models that could be explored in Multi-Factor Authentication in the future period.
The three-factor authentication includes three-factor biometric technology, smart card with pin and biometric technology, pin with two-factor biometric technology and smart card with two-factor biometric technology.Get Free PDF Sample Copy of the Report (Including Full TOC, List of Tables & Figures) @ https://www.millioninsights.com/industry-reports/multi-factor-authentication-mfa-market/request-sampleThe two-factor authentication sector accounted for the largest market share of Multi-Factor Authentication and is estimated to lead the overall market in the coming years.
Industries depends on MFA solutions for securing sensitive data and information.
Multi-Factor authentication (MFA) means you need more than one credential to login to systems, applications, or other digital assets.
It’s an integral part of the zero trust security approach that your organization may be undertaking.
Stolen credentials must be fought against with every tool possible.Back to MFA, or sometimes referred to as 2FA or Two Factor Authentication, generally requires one of the credentials to be something you know – like your username and password – and the second credential to be something that you have – such as a code sent to your smartphone.Hackers can easily crack a password, but obtaining your phone or your token at the same time is orders of magnitude more challenging.
This is why implementing MFA within your organization can be such a vital tool in securing your IT infrastructure.In order to understand why MFA improves your security, let’s first take a step back and look at a couple of changes in the world of technology that have impacted passwords.
The latest trending report Global Multi-Factor Authentication (MFA) Market 2020 by Manufacturers Regions Type and Application Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Multi-Factor Authentication (MFA) market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Multi-Factor Authentication (MFA) industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Multi-Factor Authentication (MFA) and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/24872-multi-factor-authentication-mfa-market-analysis-reportThe major players covered in Multi-Factor Authentication (MFA) are:Morpho (France)HID Global (US)Entrust Inc. (US)Gemalto (Netherlands)VASCO Data Security (US)NEC (Japan)Symantec Corporation (US)Fujitsu (Japan)BroadcomRSA Security (US)CensorNet Ltd. (England)SecurEnvoy ltd (England)Deepnet Security (England)Crossmatch (US)Duo Secuirty (US)By Type, Multi-Factor Authentication (MFA) market has been segmented into:Two-Factor AuthenticationThree-Factor AuthenticationOtherBy Application, Multi-Factor Authentication (MFA) has been segmented into:Banking and FinanceGovernmentTravel and ImmigrationMilitary and DefenseCommercial SecurityConsumer ElectronicsHealthcareOtherThe report offers in-depth assessment of the growth and other aspects of the Multi-Factor Authentication (MFA) market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)South America (Brazil, Argentina, Colombia)Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Multi-Factor Authentication (MFA) Market @ https://www.decisiondatabases.com/contact/download-sample-24872There are 14 Chapters to deeply display the global Multi-Factor Authentication (MFA) market.1 Multi-Factor Authentication (MFA) Market Overview2 Company Profiles3 Global Multi-Factor Authentication (MFA) Market Competition, by Players4 Global Multi-Factor Authentication (MFA) Market Size by Regions5 North America Multi-Factor Authentication (MFA) Revenue by Countries6 Europe Multi-Factor Authentication (MFA) Revenue by Countries7 Asia-Pacific Multi-Factor Authentication (MFA) Revenue by Countries8 South America Multi-Factor Authentication (MFA) Revenue by Countries9 Middle East and Africa Revenue Multi-Factor Authentication (MFA) by Countries10 Global Multi-Factor Authentication (MFA) Market Segment by Type11 Global Multi-Factor Authentication (MFA) Market Segment by Application12 Global Multi-Factor Authentication (MFA) Market Size Forecast (2021-2025)13 Research Findings and Conclusion14 AppendixPurchase the complete Global Multi-Factor Authentication (MFA) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-24872Other Reports by DecisionDatabases.com:Global Advanced Authentication Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global Hardware OTP Token Authentication Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global Phone-based Authentication Market 2020 by Company, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/
Global Multi-Factor Authentication Market is expected to reach USD 17.76 billion at a CAGR as the scope and its applications are rising enormously across the globe.
To confirm the user’s identity for a login or other transaction, Multi-Factor Authentication (MFA) is a security system that needs more than one technique of verification from independent groups of credentials.
The multi-factor authentication market is expected to grow at a CAGR of 15.07% by 2025.It allows administrations to use enhanced safety choices and used in various applications as high security guarantee and welfares provided for data security are documented as major factors of Multi-Factor Authentication Market that are estimated to enhance the growth in the years to come.
Multi-Factor Authentication industry is segmented based on model, applications, and region.Download Sample Report @ https://www.millioninsights.com/industry-reports/multi-factor-authentication-mfa-market/request-sampleFive factor authentication, four factor authentication, three-factor authentication and two-factor authentication are the models that could be explored in Multi-Factor Authentication in the future period.
The three-factor authentication includes three-factor biometric technology, smart card with pin and biometric technology, pin with two-factor biometric technology and smart card with two-factor biometric technology.The two-factor authentication sector accounted for the largest market share of Multi-Factor Authentication and is estimated to lead the overall market in the coming years.
Industries depends on MFA solutions for securing sensitive data and information.
Global Multi-Factor Authentication (MFA) Market: Global Market Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025Multi-Factor Authentication (MFA) Market Key Players:MorphoGemaltoNECEntrust Inc.CA TechnologiesFujitsu (Japan)VASCO Data SecurityHID GlobalRSA SecuritySymantec CorporationSecurEnvoy ltdCrossmatchDuo SecuirtyDeepnet SecurityCensorNet Ltd.OthersGet Sample Copy of This Premium Report @ https://industrystatsreport.com/Request/Sample?ResearchPostId=321=SampleThe detailed market intelligence report on the Global Multi-Factor Authentication (MFA) Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Global Multi-Factor Authentication (MFA) Market place for the forecast 2019– 2025.Scope of the Report:The report evaluates the growth rate and the Market value based on Market dynamics, growth-inducing factors.
The complete knowledge is based on the latest industry news, opportunities and trends.
The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.Key Benefits for Multi-Factor Authentication (MFA) Market Reports Global market report covers in-depth historical and forecast analysis.Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.Global market report helps to identify opportunities in market place.Global market report covers extensive analysis of emerging trends and competitive landscape.Multi-Factor Authentication (MFA) Market Segmentation:By TypeTwo Factor AuthenticationThree Factor AuthenticationFour Factor AuthenticationFive Factor AuthenticationBy ApplicationBFSIGovernment & DefenseHealthcareTravel & ImmigrationRetail & E-commerceOthersThis comprehensive report will provide:Enhance your strategic decision makingAssist with your research, presentations and business plansShow which emerging market opportunities to focus onIncrease your industry knowledgeKeep you up-to-date with crucial market developmentsAllow you to develop informed growth strategiesBuild your technical insightIllustrate trends to exploitStrengthen your analysis of competitorsProvide risk analysis, helping you avoid the pitfalls other companies could makeUltimately, help you to maximize profitability for your company.Get Full Report @ https://industrystatsreport.com/ICT-and-Media/Multi-Factor-Authentication-MFA-Market-Size/SummaryGeographically, this report split global into several key Regions, revenue (Million USD) the geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region.
It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Multi-Factor Authentication (MFA) Market.About us: Brandessence Market Research and Consulting Pvt.
ltd.Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts.
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