Multifactor Authentication Market to See Major Growth by 2026 | Safran, Thales Group, NEC Corporation, 3M, Broadcom., FUJITSU, OneSpan Inc., SUPREMA., Crossmatch, Censornet, Duo, IDEMIA, and More

Data Bridge Market Research recently published a research report titled, "Multifactor Authentication Market Report, History and Forecast to 2026, Breakdown Data by Manufacturers, Key Regions, Types and Application". The research report attempts to give a holistic overview of the Multifactor Authentication Market by keeping the information simple, relevant, accurate, and to the point. The researchers have explained each aspect of the market thorough meticulous research and undivided attention to every topic. They have also provided data in statistical data to help readers understand the whole market. The report further provides historic and forecast data generated through primary and secondary research of the region and their respective manufacturers.

Global multifactor authentication market is to register a healthy CAGR of 17.40% in the forecast period to 2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to surging trend for bring your own device (BYOD) and increasing cyber-attacks.

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Multifactor authentication is a security system requiring more than one authentication technique from autonomous credentials classifications to check the identity of the user for a login or other transaction. Two or more independent credentials like password, security token, biometric and verification are combined in multifactor authentication.

Market Drivers:

Technological advancements in biometric and cloud-based authentication services, drives the market growth
Surging trend for BYOD and cloud-based services across enterprises, fosters the growth of the market
Strict security regulations and mandates, is benefiting the market growth

Market Restraints:

High complexity and cost involved in applying MFA solutions, hinders the market growth
Dynamic security guidelines and agreements, are expected to restrain the market growth

Important years considered in the study are:

Historical year - 2014-2019; Base year - 2019; Forecast period- 2020 to 2026

Key Players Mentioned in the Multifactor Authentication Market Research Report: Safran, Thales Group, NEC Corporation, 3M, Broadcom., FUJITSU, OneSpan Inc., HID Global Corporation/ASSA ABLOY AB., RSA Security LLC., SUPREMA., Crossmatch, Censornet, Duo, IDEMIA, ZKTECO CO., LTD.., Watchdata, SecurEnvoy Ltd, SecuGen Corporation, Entrust Datacard Corporation, Messe Frankfurt New Era Business Media Ltd. among others.

If opting for the Global version of Multifactor Authentication Market analysis is provided for major regions as follows:

North America (USA, Canada and Mexico)
Europe (Germany, France, the United Kingdom, Netherlands, Russia , Italy and Rest of Europe)
Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia, rest of countries etc.)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)

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Key Developments in the Market

In June 2019, Microsoft to require multi-factor authentication for Cloud Solution Providers. Cloud solution providers will have to use multi-factor authentication to assist businesses and handle their Office365 accounts. It will prevent the account from getting hacked or from any kind of cyber-attacks. This will help in the expansion of the product portfolio for the company.
In June 2019, Boon Edam, for the Tourniket Revolving Door, launched Automated Resistance Class 3 Shield Doors. The update comprises automated and advanced burglar resistance class 3 shield doors as share of an operative safety package alternative. This enhancement in technology will help in growth of this company and the market.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Market Ecosystem
Market Characteristics
Market Segmentation Analysis

Part 05: Pipeline Analysis

Pipeline Analysis

Part 06: Market Sizing

Market Definition
Market Sizing
Market Size And Forecast

Part 07: Five Forces Analysis

Bargaining Power Of Buyers
Bargaining Power Of Suppliers
Threat Of New Entrants
Threat Of Substitutes
Threat Of Rivalry
Market Condition

Part 08: Market Segmentation

Segmentation
Comparison
Market Opportunity

Part 09: Customer Landscape

Part 10: Regional Landscape

Geographical Segmentation
Regional Comparison
North America
South America
Europe
MEA
APAC
Market Opportunity

Part 11: Decision Framework

Part 12: Drivers and Challenges

Market Drivers
Market Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Overview
Landscape Disruption

Part 15: Vendor Analysis

Vendors Covered
Vendor Classification
Market Positioning Of Vendors

Part 16: Appendix

List Of Abbreviations

See The Complete Table Of Contents And List Of Exhibits, As Well As Selected Illustrations And Example Pages From This Report.

Access Detailed Table of Content at https://www.databridgemarketresearch.com/toc/?dbmr=global-multifactor-authentication-market

Reasons to Purchase this Report

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The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report

The report includes the complete segmentation displayed above across all above mentioned countries
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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