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The Multifactor Authentication Market is currently valued at $10.4 billion in 2022 and is expected to reach a valuation of $26.8 billion by 2027 growing at a CAGR of 15.08%. The increasing number of cyber-attacks, data breaches, and stringent government regulations regarding the privacy of sensitive data are the major factors that will be driving the growth of this market.
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Multifactor Authentication MarketMarket size, Industry outlook, Market Forecast, Demand Analysis, Market Share, Market Report 2022-2027 Contact: Venkat Reddy sales@industryarc.com (+1) 970-236-3677
DownloadPDF Brochure • The Multifactor Authentication Market is currently valued at $10.4 billion in 2022 and is expected to reach a valuation of $26.8 billion by 2027 growing at a CAGR of 15.08%. The increasing number of cyber-attacks, data breaches, and stringent government regulations regarding the privacy of sensitive data are the major factors that will be driving the growth of this market. • The rapid digitization of the infrastructure of many end-user industries such as BFSI, healthcare, governmental entities and others are also accelerating the expansion of the Multifactor Authentication Market. Contact: (+1)970-236-3677 InquiryBefore Buying Email:sales@industryarc.com
DownloadPDF Brochure • Key Takeaways • BFSI will be the fastest-growing segment by end-users in this market with a CAGR of about 16.28% due to increasing incidences of phishing attacks, data breaches, and government regulations regarding the handling of sensitive data. • Password less Authentication is the fastest-growing segment by Authentication Type in this market with a CAGR of 16.84% due to increasing frequency of brute force attacks via botnets, password spraying, and reduced costs in the long run. Contact: (+1)970-236-3677 InquiryBefore Buying Email:sales@industryarc.com
DownloadPDF Brochure Multifactor Authentication Market Segment Analysis - by Geography The Multifactor Authentication Market in the North America region will account for the highest share at 31% in 2021. Increasing number of attacks on corporations leading to theft of sensitive industrial secrets, rising incidences of attacks on small businesses, and financial fraud has resulted in widespread adoption of these systems. Rapid digitization of the economy, adoption of cloud and enterprise solutions to secure sensitive data and government legislation are some of the key factors that will accelerate the growth of the market in this region. Contact: (+1)970-236-3677 InquiryBefore Buying Email:sales@industryarc.com
DownloadPDF Brochure • Multifactor Authentication Market Industry Outlook • MicroFocus • Broadcom • Microsoft • One Span • Okta • Thales • Oracle • SalesForce • CyberArk • SilverFort Contact: (+1)970-236-3677 InquiryBefore Buying Email:sales@industryarc.com
DownloadPDF Brochure Multifactor Authentication Market - Forecast(2022 - 2027) LearnMoreAbouttheReport @ https://www.industryarc.com/Research/Multifactor-Authentication-Market-Research-505256 Contact: (+1)970-236-3677 InquiryBefore Buying Email:sales@industryarc.com
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