The global Multi-factor Authentication market size is projected to reach US$ 32110 million by 2026, from US$ 10970 million in 2020, at a CAGR of 19.6% during 2021-2026. Increased security breaches, fraud, and data identity theft, increased use of BYOD/IoT devices is expected to drive the Multi-factor Authentication Market
 Market.jpg)
This report focuses on Multi-factor Authentication volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Multi-factor Authentication market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.
The increasing volume of online transactions with high adoption of digital banking by customers is expected to propel the growth of the Multi-factor Authentication Market. Due to the surge in eCommerce and the use of internet banking, large organizations are being urged to verify customers using strong authentication procedures by the central banks. MFA is used to protect clients from phishing attempts and fraudulent transactions during transactions. Furthermore, the integration of these systems for payment by healthcare, retail, and BFSI sectors represents a significant potential opportunity for the Multi-factor Authentication Market.
Because it deals with enormous amounts of sensitive and private financial data, BFSI is the most targeted industry vertical. The demand for MFA solutions is growing in tandem with the growing cyber threat scenario and risk surface. MFA uses a multi-layered technique to add a layer of protection and make it difficult for an unauthorized individual to get access.
Businesses in this region are rapidly embracing multi-factor authentication (MFA) solutions to enable data protection, prevent cyber-attacks, identity theft, and commercial espionage, and assure data security and privacy for business continuity.
The research report includes a detailed study of regions of North America, Europe, China and Japan. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.
The Key manufacturers that are operating in the global Multi-factor Authentication market are:
Ans. Based on region, North America is estimated to hold the largest market share during the forecast period.
Ans. Rising demand for cloud-based Multi-factor Authentication solutions and services, increasing number of online transactions, and are all major driving drivers for the Multi-factor Authentication Market.
Ans. The Key manufacturers that are operating in the global Multi-factor Authentication market are Dell, SecureAuth, Broadcom, Okta, Symantec, Ping Identity, VASCO, Cross Match Technologies, Fujitsu
Ans. Based on application, Banking & Financial Services are expected to be the most lucrative segment during the forecast period.
Ans. The forecast period for Multi-Factor Authentication Market is 2021 to 2027.
While Finance segment is altered to an CAGR throughout this forecast period.Global Wireless Intrusion Detection and Prevention Systems WIPDS Market Insights and Forecast to 2028.
The global Hardware Security Modules HSM market size is projected to reach US 2208.3 million by 2028 from US 1089 million in 2021 at a CAGR of 10.5 during 20222028.Global Hardware Security Modules HSM Market Insights and Forecast to 2028.
These include faster algorithm processing tamperproof or tamperresistant key storage and protection against unauthorized code.Market Analysis and Insights Global Hardware Encryption Devices MarketDue to the COVID19 pandemic the global Hardware Encryption Devices market size is estimated to be worth US 48170 million in 2022 and is forecast to a readjusted size of US 191820 million by 2028 with a CAGR of 25.9 during the review period.
Network encryption is the process of encrypting or encoding data and messages transmitted or communicated over a computer network.Market Analysis and Insights Global Network Encryption MarketThe global Network Encryption market size is projected to reach US 7414.9 million by 2028 from US 3824.8 million in 2021 at a CAGR of 9.8 during 20222028.Global Network Encryption includes Cisco Oracle Thales Atos and Certes Networks etc.