Global Multi-Factor Authentication Market Report 2022 to 2027: Rising Adoption of MFA by Enterprises in Various Industries is Expected to Drive Growth - ResearchAndMarkets.com
The "Global Multi-Factor Authentication Market: Trends and Forecast (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
The scope of the report includes an overview of the global MFA market and an analysis of global market trends, with data from 2021 (the base year) and estimates for 2022 through 2027, with projections of CAGR for the forecast period. Revenue forecasts for this period are segmented based on component, authentication model type, organization size, industry and geography.
This report also includes a discussion of technological, regulatory and competitive elements as well as economic trends affecting the market. It explains the major drivers and regional dynamics of the global MFA market and current trends within the industry. This report concludes with detailed profiles of the main vendors in the global market.
MFA offers better security preparedness, reducing the risk of identity compromise by as much as 99.9% over passwords, alone. Hackers use compromised identities to gain a foothold in the organization, avoiding detection for an average of 100 days. With more than 300 million fraudulent sign-in attempts targeting Microsoft cloud services every day, the Microsoft Group Program Manager for Identity Security and Protection stated that enabling an MFA solution blocks 99.9% of these unauthorized login attempts.
Strong MFA offers high assurance factors: fast identity online (FIDO) security keys and smart cards to authenticate users. Strong MFA schemes apply the multi-layered approach. Data analytics determine which accounts and transactions require extra scrutiny and which could be simplified without introducing additional risk.
The growing adoption of MFA by enterprises in various industries is expected to drive the market's growth, positively. Financial organizations are facing the reality that customer experience, from registration to login, preferences and beyond, is the new battleground. Companies respond by adopting authentication technologies that improve the experience.
Adaptive MFA, for instance, establishes policies for high-risk interactions, setting minimal authentication requirements for more routine interactions. The BFSI industry is using it for core banking, trade finance, international payment and online banking. MFA is common in other industries (healthcare, retail and segments that need to secure IoT devices).
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
3.2 Evolution of Authentication Methods
3.3 Value Chain Analysis
3.4 Porter's Five Forces Analysis
3.5 Standards/Specifications for Authentication Solutions
3.6 Future Outlook
3.7 Assessment of Covid-19 Impact on the Market
Chapter 4 Market Dynamics
4.1.1 Market Drivers
4.1.2 Market Restraints
4.1.3 Market Opportunities
Chapter 5 Technology Snapshot
5.1 Technology Trend Analysis
5.1.1 Out-Of-Band Authentication
5.1.2 Built-In Authenticator Readers
5.1.3 Baked-In Authentication
5.2 Authentication Type
5.2.1 Password Authentication
5.2.2 Password-Free Authentication
Chapter 6 Market Breakdown by Component
Chapter 7 Market Breakdown by Authentication Model Type
Chapter 8 Market Breakdown by Organization Size
Chapter 9 Market Breakdown by Industry
Chapter 10 Market Breakdown by Region
Chapter 11 Patent Analysis
11.2 Geographic Patterns
Chapter 12 Company Profiles
Chapter 13 Appendix: List of Abbreviations
For more information about this report visit https://www.researchandmarkets.com/r/tc3708
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