Multifactor Authentication Market size worth USD 40.01 Billion, Globally, by 2030 at 15.20% CAGR: Verified Market Research®
The "Global Multifactor Authentication Market Size By Authentication (Two-Factor, Three-Factor, Four-Factor), By End-User (BFSI, Healthcare, Government), By Geographic Scope And Forecast" report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Multifactor Authentication Market, including its growth prospects, market trends, and market challenges
JERSEY CITY, N.J., Sept. 22, 2023 /PRNewswire/ -- The Global Multifactor Authentication Market is projected to grow at a CAGR of 15.20% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 11.20 Billion in 2021 and is expected to reach USD 40.01 Billion by the end of the forecast period.
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Multifactor Authentication Market: Robust Growth Driven by Escalating Security Threats and Emerging Trends
The global Multifactor Authentication (MFA) market is experiencing substantial growth, underpinned by a convergence of factors including mounting security threats, expanding industry applications, and technological advancements. Market players are capitalizing on these opportunities to enhance security in an increasingly digital landscape.
Multifactor Authentication Market Drivers:
Opportunities and Outlook:
Prominent companies at the forefront of the Multifactor Authentication market include Suprema HQ Inc., SecureAuth Corporation, Safran Group, RSA Security LLC, NEC Corporation, Thales Group, Fujitsu Limited, Broadcom Inc., VASCO Data Security International Inc., and Gemalto NV.
The Multifactor Authentication market is poised for substantial growth, with key drivers including rising security threats, industry expansion, emerging trends, and digital transformation. As the market continues to evolve, leading players are seizing opportunities to innovate and enhance security, ensuring a safer digital future.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Multifactor Authentication Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Multifactor Authentication Market into Authentication, End-User, And Geography.
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