Market Research Report Store Multifactor Authentication Market Expected to reac

"Multifactor Authentication Market Expected to reach USD 12.51 billion by 2022, at a CAGR of 15.52% during the forecast period– Global Forecast to 2022" published in June 2017. It is a professional and in-depth study. Summary Market Research Report Store announces a new report＂Multifactor Authentication Market＂added to its database.The multifactor authentication market is expected to reach USD 12.51 billion by 2022, at a CAGR of 15.52% during the forecast period. The growth of the market is driven by various factors such as an increase in data breaches and cyber attacks, stringent regulation and the growing pressure of data security compliances and the growing adoption of bring your own devices (BYODs) among enterprises. However, cost and technical complexity in implementing MFA and increase in MFA use/service time are expected to inhibit the market growth for a short period of time. Detailed TOC Of Report @ https://www.marketresearchreportstore.com/shop/multifactor-authentication-market-by-model-t wo-three-four-and-five-factor-application-banking-and-finance-government-military-and-defens e-commercial-security-consumer-electronics-health Ask a sample, click here [email protected] “Five-factor authentication model would witness a high growth rate during the forecast period” The market for five-factor authentication is expected to grow at the highest CAGR between 2017 and 2022. Being very high in security, these types of models are mostly used in government applications and a few other applications that require a high-level authentication, which is the main reason behind the adoption of five-factor authentication model. “Healthcare application market would witness a high growth rate during the forecast period” The healthcare application is expected to grow at the highest CAGR during the forecast period. In the healthcare application, authentication plays an important role in securing the data and information by authenticating the authorized person for making any transaction, logging in, or performing any administrative process. The healthcare industry follows stringent government and industry regulations and requires a highly secure infrastructure. This made the industry rely on secure authentication process, resulting in high demand for MFA solutions. “The Americas would dominate the MFA market, while RoW is expected to grow at the highest rate during the forecast period”