Dublin, May 21, 2021 (GLOBE NEWSWIRE) -- The "Global Multi-factor Authentication Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The multi-factor authentication market is poised to grow by $ 15.14 billion during 2021-2025, progressing at a CAGR of almost 20% during the forecast period.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
The market is driven by the increase in the volume of online transactions, high-level security provided by hardware OTP tokens, and adherence to compliance mandates.
The multi-factor authentication market analysis includes component segment and geographic landscape. This study identifies the introduction of Out-of-Band (OOB) authentication as one of the prime reasons driving the multi-factor authentication market growth during the next few years. Also, the emergence of cloud-based multi-factor authentication and increased adoption of unified platforms for authentication purposes will lead to sizable demand in the market.
The report on multi-factor authentication market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading multi-factor authentication market vendors that include Broadcom Inc., Entrust Datacard Corp., Fujitsu Ltd., Microsoft Corp., Okta ., OneSpan Inc ., RSA Security LLC, SecureAuth Corp., Thales Group, and Yubico AB. Also, the multi-factor authentication market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
Key Topics Covered:
Five Forces Analysis
Market Segmentation by Component
For more information about this report visit https://www.researchandmarkets.com/r/nh1yxr
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