Global Multi-Factor Authentication Market (2022 to 2027) – Industry Trends, Share, Size, Growth, Opportunity and Forecasts – ResearchAndMarkets.com – QNT Press Release

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The “Multi-Factor Authentication Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

The global multi-factor authentication market reached a value of US$ 12.9 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 34.7 Billion by 2027, exhibiting a CAGR of 17.8% during 2022-2027.

Companies Mentioned

  • CA Technologies

  • Crossmatch

  • Deepnet Security Ltd.

  • Entrust

  • Fujitsu

  • Gemalto NV

  • Microsoft Corporation

  • NEC Corp

  • Okta

  • Ping Identity

  • RSA Security

  • SecureAuth

  • SecurEnvoy

  • Suprema HQ

  • Symantec VIP

Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor

The multi-factor authentication (MFA) system is designed to protect organizations and business units from potential security breaches through a multi-layered verification process. The authentication requires the individual to present multiple safety validation variables, such as their login credentials, followed by a security token, one-time password (OTP) or biometric verification, which is unique to the user. This aims to create and elaborate defense system against any unauthorized individual from accessing a computer device, network, database or a …

Full story available on Benzinga.com

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