This report study titled on Global Multifactor Authentication Market is an in-depth analysis of the given market. The report takes the key trends and other significant factors that influence this market, into consideration for this study.
The market is expected to grow at a CAGR of 15.52% to reach USD 12.51 Billion by 2022. Factors such as an increase in data breaches and cyberattacks, stringent regulations and the growing pressure of data security compliances, and the growing adoption of BYOD concept among enterprises are driving the growth of the multifactor authentication market.
On the other hand, the concerns over the risk of the loss of information and the high initial investment may hamper the growth of this market considerably in the years to come, notes the research study.
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Authentication of user identity ensures secure online transactions, log on to online services, and access to corporate resources. Compromised credentials are the main cause of data breaches. Multi-factor authentication is used by organizations to implement an additional layer of security that requires users to authenticate via knowledge, possession, and inherence factors to gain access to corporate and social networks.
Multi-Factor Authentication is a technology which allows the organization to safeguard their confidential information from the undesirable access. Multi-Factor authentication uses the various security keys such as passwords, OTP, Biometric too give the authentication to access the data. It is widely incorporated in application industries such as banking and finance, government, travel and immigration, military and defense, commercial security, consumer electronics, healthcare, and others.
Top key vendors:
3M Company, ASSA ABLOY Group, CA Technology, Inc., Cross Match Technologies, Inc., Fujitsu Ltd., Gemalto NV, NEC Corporation, RSA Security LLC, Safran S.A., Suprema HQ Inc., and Vasco Data Security International, Inc.
In this study, the global market for Multifactor Authentication market has been analyzed on the basis of the type of the product, application, and the geography. Geographically, North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa have been identified as the main regional.
Region that has acquired the leading position in this market as is anticipated to remain so over the next few years. Other regions are also projected to witness healthy growth in the respective markets in the near future, states the research report.
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Table of Content:
Global Multifactor Authentication market Research Report 2018-2023
Chapter 1: market Overview
Chapter 2: market Economic Impact
Chapter 3: Competition by Manufacturer
Chapter 4: Production, Revenue (Value) by Region (2018-2023)
Chapter 5: Supply (Production), Consumption, Export, Import by Regions (2018-2023)
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: market Analysis by Application
Chapter 8: Multifactor Authentication market by Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Market Forecast (2018-2023)
Chapter 13: Appendix
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