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

 

  1. What was the MFA Marketsize in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).

 

  1. What will be the CAGR of the MFA Market during the forecast period (2022-2028)?

 

  1. 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).

 

  1. Which manufacturer/vendor/players in the MFA Market was the market leader in 2021?

 

  1. 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