Multifactor Authentication Market Report Analysis, Share, Revenue, Growth Rate With Forecast Overview 2030

 Reports and Data’s latest industry analysis report elaborates on the core structure of the global Multifactor Authentication market and offers actionable insights. The report is a paradigmatic representation of the Multifactor Authentication market and highlights major factors that influence the market revenue growth, such as revenue growth drivers, restraints, potential challenges & threats, emerging opportunities & trends, revenue growth rate, industry statistics, and technological breakthroughs. Authors of the report have used advanced analytical tools such as Porter’s Five Forces Analysis, SWOT analysis, investment return analysis, and feasibility analysis for this study.

Increasing acceptance of online systems, smartphones and mobile applications and rising demand for secure, rapid and easy authentication processes are some major factors expected to drive market growth going ahead. Increased research activities have led to development of single sign-on solutions that confirm consumer identity and reducing chances of data loss due to misplacement of passwords. In addition, MFA is non-invasive in nature and does not affect virtual space of an industry or organization. Moreover, high security to consumer identity, preservation of high profile and sensitive data from leaking are some other factors increasing popularity of MFA across the globe and are expected to drive revenue growth of the market over the forecast period.

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The global ICT industry has gained major traction over the past few years. Robust revenue growth of the industry is attributed to factors such as rapid urbanization, growing penetration of smart communication devices such as smart phones and tablets, and fast-paced digitalization across the banking & finance, healthcare, automotive, agriculture, education, and logistics industries. Increasing availability of the Internet worldwide at affordable rates, growing need for faster Internet services, rapid adoption of advanced Wi-Fi systems, emergence of the 5G technology, and increasing industrial applications of state-of-the-art technologies such as AI, machine learning, Internet of Things (IoT), big data analytics, and blockchain are among the other major factors supporting the global ICT industry revenue growth.

Top Companies in the Global Multifactor Authentication Market:

  • Confident Technologies, Inc.
  • Apersona, Inc.
  • Broadcom Inc.
  • Censornet Ltd.
  • Deepnet Security Ltd.
  • Entrust Corporation
  • HID Global, iWelcome B.V.
  • MessageBird
  • Cisco Systems Inc.
  • Microsoft Corporation
  • Okta
  • OneLogin, Inc.
  • Ping Identity Holding Corp.

 Global Multifactor Authentication market segmentation:

End Use Outlook (Revenue, USD Billion; 2019-2030)

  • BFSI
  • Retail
  • Government and Defense
  • Hospitality
  • Tourism

Authentication Model Outlook (Revenue, USD Billion; 2019-2030)

  • Two-Factor
  • Three-Factor
  • Four-Factor

Regional Segmentation of the Global Multifactor Authentication Market:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

Major Highlights of the Global Multifactor Authentication Market Report:

·         Detailed market overview with key industry insights

·         In-depth study of the global Multifactor Authentication industry using primary and secondary research methodologies

·         Exhaustive analysis of the macro-economic and micro-economic factors

·         Detailed segmentation of the global Multifactor Authentication market

·         Information on major industry innovations and growth opportunities

·         Recent business strategies implemented by market players for growth

Frequently Asked Questions:

·         What is the forecast size and revenue growth rate of the global Multifactor Authentication market?

·         What are some of the key factors driving revenue growth of the global Multifactor Authentication market?

·         What are the latest trends & opportunities influencing industry revenue growth?

·         What are the imminent risks and challenges expected to restrain the Multifactor Authentication industry growth in near future?

·         Who are the prominent players in the global Multifactor Authentication market?

 

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