-Polyurea Coating Market to Grow 10.2% CAGR, Driven by Construction & Infrastructure-Battery Swapping Market worth $11.8 billion by 2027 – Exclusive Report by MarketsandMarkets™-Parex Resources Announces 12 Consecutive Years of Reserves Per Share Growth, a 50% Increase to the Regular Dividend and Provides 2023 Guidance Update-Avista Corp. Board Increases Common Stock Dividend-Industrial Displays Market to Grow at 6.7% CAGR, Reaches $8.79 Bn by 2030, Reports Insights-Perdoceo Education Corporation Schedules Fourth Quarter Earnings Conference Call for February 23rd-Granite Announces Timing of Earnings Release and Investor Conference Call-Hyatt completa la adquisición de Dream Hotel Group-Minerals Technologies Reports Fourth Quarter 2022 Earnings of $0.62 Per Share, or $0.67 Per Share, Excluding Special Items-Methanex Reports Fourth Quarter 2022 Results-Post Holdings Reports Results for the First Quarter of Fiscal Year 2023; Raises Fiscal Year 2023 Outlook-Diversified Royalty Corp. Announces February 2023 Cash Dividend and Appointment of New Mr. Lube President and CEO-National Fuel Reports First Quarter Earnings-Mueller Water Products Reports 2023 First Quarter Results-Southside Bancshares, Inc. Increases and Declares Cash Dividend-Microchip Technology Announces Record Financial Results For Third Quarter of Fiscal Year 2023-Microchip Technology Increases Quarterly Cash Dividend 41.5% Year-Over-Year to 35.8 Cents Per Share-Exponent Increases Quarterly Dividend Payment from $0.24 to $0.26 per Share-The Toro Company Announces Five-Year Commitment to The Atlanta University Center Consortium’s Dual Degree Engineering Program-Veritas Capital concreta la adquisición de Wood Mackenzie

Multi-Factor Authentication Market worth $26.7 billion by 2027 – Exclusive Report by MarketsandMarkets™

Chicago, July 06, 2022 (GLOBE NEWSWIRE) — According to a new research report “Multi-Factor Authentication Market by Component (Hardware, Solutions, and Services), Model Type (Two-, Three-, Four-, Five-factor), Organization Size, Vertical (BFSI, Healthcare, Media & Entertainment, Government) and Region – Global Forecast to 2027”, published by MarketsandMarkets™, the MFA market size is projected to grow from an estimated value of USD 12.9 billion in 2022 to USD 26.7 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 15.6% from 2022 to 2027. The major driving factors for the MFA market include rise in security breaches, fraud, and data identity thefts; surge in use of BYOD/ IoT devices; high demand for cloud-based MFA solutions and services; high volume of online transactions; and stringent government regulations.

Browse in-depth TOC on “Multi-Factor Authentication Market

285 – Tables

45 – Figures

268 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231220047

By component, the services segment to register the highest growth rate during the forecast period

Based on component, MFA services have witnessed a growing demand in recent years. The services segment includes various services that are required to deploy, execute, and maintain MFA platforms in organizations. The services in the MFA market are crucial as they provide robust support for proper functioning and integration of software and hardware-based solutions. MFA services comprise technical support services that require the effective integration of MFA solutions.

With the increasing demand for MFA solutions in high-growth markets such as APAC and MEA, there is a significant demand for training and education services to spread awareness about various MFA solutions and the provision of training pertaining to the effective deployment of MFA solutions. Financial services, healthcare, and the eCommerce industry verticals have witnessed huge data losses due to security breaches. As a result, they are highly dependent on MFA solutions for strengthening their cybersecurity capabilities.

The growing concern of data breaches and privacy compliance regulations, especially due to the COVID-19 outbreak, is making companies focus on adopting MFA solutions and services to achieve compliance, improve data security, and enable better flexibility in operations. Major MFA vendors are widely supporting organizations in such unprecedented times with their 365*24*7 services.

Request Free Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=231220047

Based on organization size, the SMEs segment to grow at the highest CAGR during the forecast period

SMEs are more prone to cyber fraud due to limited resources, availability of IT personnel, and budget constraints; and are looking forward to adopting MFA software to save their money, time, resources, and assets. With small businesses slowly moving to the cloud, there is a significant need for MFA. Every data is important, and hackers must not be given the leverage to access it. Hence, small businesses are actively investing in MFA solutions to enhance their security posture.

North America to hold the largest market share during the forecast period.

North America is estimated to account for the highest market share in the MFA market. The region comprises some of the key vendors that offer MFA solutions and services; some of them are Microsoft, Broadcom, OneSpan, Okta, Cisco, Ping Identity, among others. By country, the US is expected to hold the largest market share owing to the growing cyber threatscape. Banks and federal agencies in the US employ MFA solutions proactively to authenticate everyone in the system. The changing working scenarios because of COVID-19, BYOD trend, IoT, adherence to compliance and regulations, and elevating risks, such as BEC, phishing, malware, and other advanced threats, are prompting organizations in North America to adopt MFA solutions.

Speak to our analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=231220047

Key Players:

Key and innovative vendors in the Multi-Factor Authentication Market include Microsoft (US), Broadcom (US), OneSpan (US), Okta (US), Micro Focus (UK), Thales (France), RSA Security (US), Cisco (US), Ping Identity (US), HID Global (US), ESET (Slovakia), Yubico (US), ForgeRock (US), CyberArk (US), OneLogin (US), SecureAuth (US), Oracle (US), Salesforce (US), Secret Double Octopus (Israel), Silverfort (Israel), Trusona (US), FusionAuth (US), HYPR (US), Keyless (US), and Luxchain (Hong Kong).

Browse Adjacent Markets: Information Security Market Research Reports & Consulting

Cloud Security Market by Security Type, Application (Visibility and Risk Assessment, User and Data Governance), Service Model, Organization Size, Vertical (BFSI, IT and ITeS, Retail) and Region (2022 – 2026)

Risk-based Authentication Market by Component, Technology Type (MFA, Behavioral Biometrics, Web Access Management), Application Area (Fraud Prevention, IoT Security), Deployment Mode, Industry Vertical, and Region – Global Forecast to 2023

Leave a Comment