MFA Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028
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.
Key Players
- 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
Scope of the Report
The research study analyzes the global 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
Key Questions Answered by MFA Market Report
Key Questions Answered by MFA Market Report
- What was the MFA Marketsize in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of the MFA Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the MFA Market was the market leader in 2021?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report will be delivered within 48-72 hours after payment confirmation