The global MFA market size is projected to grow from USD 11.1 billion in 2022 to USD 23.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 16.2% during the forecast period. Multi-factor authentication is an electronic authentication method in which a user is granted access to a website or application only after successfully presenting two or more evidence (or factors) to the authentication mechanism : knowledge(what only the user knows) ,possession (what only the user has) and intrinsic (what only the user has). For example , it protects user data from being accessed by unauthorized third parties who were able to discover a single password–which may include personal identification or financial assets.
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Market Segments
Company profiles
- Micro Focus
- Broadcom
- Microsoft
- OneSpan
- Okta
- Thales
- RSA Security
- Duo Security
- Ping Identity
- HID Global
- ESET
By Type
- Password authentication
- Passwordless authentication
By Application
- BFSI
- Government
- Travel and Immigration
- Military and Defense
- Commercial Security
- IT
- Telecommunication
By Application
- Commercial Buildings
- Residential Buildings
- Government Buildings
A full report is available at: https://orionmarketreports.com/mfa/90197/
Scope of the Report
The research study analyzes the MFA Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions , considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
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