Multi-Factor Authentication Global Market By Component, By Model Type, By Organization Size, By End User, Opportunity Analysis And Industry Forecast, 2023-2032 | Microsoft Corporation, Broadcom Inc., OneSpan Inc., Okta Inc., Thales Group

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Multi-Factor Authentication Global Market Report 2023 identifies the rise in data breaches and cyber-attacks is expected to propel the growth of the multi-factor authentication market. Cyber data breaches are identified as gaining unauthorized access to a computer system or network to obtain private, sensitive, or confidential personal and financial information from customers or users.

The global multi-factor authentication market size is expected to grow from $13.08 billion in 2022 to $15.29 billion in 2023, at a compound annual growth rate (CAGR) of 16.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The multi-factor authentication market is expected to grow to $28.56 billion in 2027 at a CAGR of 16.9%.

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Major competitors in the Multi-Factor Authentication market are Microsoft Corporation, Broadcom Inc., OneSpan Inc., Okta Inc., Thales Group, Dell Technologies Inc., Cisco Systems Inc., HID Global Corporation, Yubico AB, Micro Focus, OneLogin Inc., Ping Identity Corporation, SecureAuth Corporation, Entrust Datacard Corporation, and Oracle Corporation.

Technological advancement is the key trend gaining popularity in the multi-factor authentication market. Major companies operating in multi-factor authentication are focused on developing technologically advanced security services and solutions such as smart cards and password-less authentication systems to strengthen their market position.

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The Multi-Factor Authentication market is segmented -
• By Model Type: Two Factor, Three Factor, Four Factor, Five Factor
• By Authentication Type: Password, Password-less
• By Component: Hardware, Software, and Services
• By Organization: Large, SME's
• By Vertical: BFSI, Government, Travel and Immigration, Military and Defense, Commercial Security, Healthacre, IT, Telecommunication, Media and Entertainment, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Multi-Factor Authentication market.

The Business Research Company's "Global Multi-Factor Authentication Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Multi-Factor Authentication Market Include:
1. Executive Summary
2. Multi-Factor Authentication Market Characteristics
3. Multi-Factor Authentication Market Trends And Strategies
4. Multi-Factor Authentication Market - Macro Economic Scenario
5. Multi-Factor Authentication Market Size And Growth
.....
26. Africa Multi-Factor Authentication Market
27. Multi-Factor Authentication Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Multi-Factor Authentication Market
29. Multi-Factor Authentication Market Future Outlook and Potential Analysis
30. Appendix

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