Multi-factor Authentication Market 2023-2027: A Descriptive Analysis of Parent Market, Five Forces Model, Market Dynamics, & Segmentation - Technavio
NEW YORK, Nov. 23, 2022 /PRNewswire/ -- According to Technavio, the global multi-factor authentication market size is projected to grow by USD 20806.45 million from 2022 to 2027. The market is estimated to grow at a CAGR of 21.41% during the forecast period. Moreover, the growth momentum will accelerate. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 35%.
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Global Multi-factor Authentication Market - Parent Market Analysis
Technavio categorizes the global multi-factor authentication market as a part of the IT consulting and other services market, which covers companies offering IT consulting and system integration services, application services, electronic data processing services, business process outsourcing services, infrastructure services, and Internet services. The global IT consulting and other services market covers companies that provide information technology consulting and information management services. Technavio calculates the IT consulting and other services market size based on combined revenue generated by companies engaged in the provision of all types of IT services. It includes the annual revenues generated by the companies through the execution of the IT services contracts.
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Global Multi-factor Authentication Market - Five Forces
The global multi-factor authentication market is fragmented, and the five forces analysis covers–
Global Multi-factor Authentication Market – Customer Landscape
The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Multi-factor Authentication Market - Segmentation Assessment
Technavio has segmented the market based on component, deployment, and region.
By geography, the global multi-factor authentication market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global multi-factor authentication market.
Global Multi-factor Authentication Market – Market Dynamics
Key factors driving market growth
Recent trends influencing the market
Major challenges hindering the market growth
Drivers, Trends, and Challenges are the factors of market dynamics, which state about consequences and sustainability of the businesses. Find some insights from a free sample report!
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Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Component
8 Market Segmentation by Deployment
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Trends
12 Vendor Landscape
13 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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