Global Multi-factor Authentication Technology Market: Emerging Trends, Major Key Players Micro Focus and Broadcom

According to the report, The global Multi-factor Authentication Technology market size is expected to grow from $XX in 2020 to $ Million by 2028 growing at the CAGR of 17.98% from 2021 to 2028. The major driver for the multi-factor authentication market is cyber crimes. The second driver is the increasing cyber threats and the need to protect the data of clients. The third driver is the growing adoption of cloud computing services in various industries. The fourth driver is the requirement of strong authentication for secured transactions. Fifth is the need for strong authentication for regulated industries like financial services, healthcare, government and defense, and telecom.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global MULTI-FACTOR AUTHENTICATION TECHNOLOGY industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Multi-factor Authentication Technology market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Multi-factor Authentication Technology players holding highest market share include Micro Focus, Broadcom, Microsoft and OneSpan. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Micro Focus
• Broadcom
• Microsoft
• OneSpan
• Okta
• Thales
• RSA Security
• Duo Security
• Ping Identity
• HID Global

Segmental Analysis

Market Segment By Type with focus on market share, consumption trend, and growth rate of MULTI-FACTOR AUTHENTICATION TECHNOLOGY Market:
o Password authentication
o Passwordless authentication

Market Segment By Component with focus on market share, consumption trend, and growth rate of MULTI-FACTOR AUTHENTICATION TECHNOLOGY Market:
o Solutions
o Hardware
o Services

Market Segment By Model Type with a focus on market share, consumption trend, and growth rate of MULTI-FACTOR AUTHENTICATION TECHNOLOGY Market:
o Two
o Three
o Four
o Five-Factor

Market Segment By End User with a focus on market share, consumption trend, and growth rate of MULTI-FACTOR AUTHENTICATION TECHNOLOGY Market:
o BFSI
o Government
o Travel and Immigration
o Military and Defense
o Commercial Security
o IT
o Telecommunication
o Healthcare
o Media and Entertainment
o Other

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Global Multi-factor Authentication Technology Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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