Multi-factor Authentication Market Research Methodologies Offers High Business Outlook growth 2021-2026

The Multi-factor Authentication Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Multi-factor Authentication market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Multi-factor Authentication market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Multi-factor Authentication market.

The multi-factor authentication market was valued at USD 10.64 billion in 2020 and is expected to reach USD 28.34 billion by 2026 and grow at a CAGR of 17.83% over the forecast period (2021-2026). 

Get a Free Sample Copy of This Report:

https://www.marketinsightsreports.com/reports/02082591875/multi-factor-authentication-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=namita

Top Leading Companies of Multi-factor Authentication Market are - Okta Inc., Microsoft Corporation, Duo Security Inc. (Cisco Systems), Broadcom Inc., OneLogin Inc., ForgeRock Inc., SecureAuth Corporation, Gemalto NV(Thales Group), Yubico AB, HID Global Corporation(ASSA ABLOY AB), OneSpan Inc., Entrust Datacard Corporation, RSA Security LLC and others.

Industry News and Updates:

- Jun 2020 - Okta Inc. announced that it was co-ordinating with CrowdStrike Inc. Netskope, and Proofpoint, Inc. to help organizations implement an integrated, zero trust security strategy required to protect dynamic and remote working environments.

- Apr 2020 - Microsoft announced the commercial release of a more simplified Azure Active Directory registration process that adds multifactor authentication (MFA) and self-service password reset features for end-users. This MFA plus self-service password registration process is now at the "general availability" (GA) release stage.

Key Market Trends:

Healthcare Segment is Expected to Witness Significant Growth

- Cyberattacks are becoming more purposeful, sophisticated, and costly. The healthcare industry is having to come to terms with its exposure to cyber risks. The healthcare industry is in a time of transition and that includes IT infrastructure and cybersecurity. The healthcare segment is expected to hold a prominent share of the market in the forecast period. According to Protenus and DataBreaches.net, healthcare data breaches in 2019 almost tripled from 2018, where over 41 million patient records were breached in 2019.
- Further, the healthcare sector has been positively impacted by digitization and has evolved over the past two decades to help itself become a digitized sector. Healthcare records have been stored digitally and contain private data.

By Type:

Hardware
Software

Type of Authentication
Two-factor
Other

By Application:
BFSI
Healthcare
IT and Telecom
Retail
Government
Other 

Asia-Pacific Expected to Witness Significant Growth

- The Asia-Pacific region is expected to be the fastest-growing region in the multifactor authentication market because of a higher level of implementation of bring your own device (BYOD) and choose your own device (CYOD) policies, as well as mobility services, which are increasing cyber-attacks and data breaches.
- CREALOGIX has rolled out the solution to major banks in Asia, providing its customers with one single app for banking and authentication. There is no longer a One-Time-Password (OTP) hardware token that is generated by a hardware device for each action as part of a multifactor authentication system. The soft token replaces the hard token and provides all the security advantages of multifactor authentication.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Multi-factor Authentication Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Multi-factor Authentication Market (%),2016 - 2026
- Multi-factor Authentication Market Share, By Brand
- Multi-factor Authentication Market Share, By Company
- Multi-factor Authentication Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Multi-factor Authentication Market Value Analysis & Forecast
- Promising Multi-factor Authentication Development by Major Companies
- Detailed Multi-factor Authentication Portfolio of the Major Companies
- Major Deals in the Multi-factor Authentication Market
- Major Companies Analysis

Browse Full Report at:

https://www.marketinsightsreports.com/reports/02082591875/multi-factor-authentication-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita

We Offer Customization on Report Based on Specific Client Requirement:

- Country Level analysis for any 5 countries of your choice.

- Competitive analysis of any 5 key market players.

- 40 analyst hours to cover any other data point.

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.