Market Revenue Multi-Factor Authentication Industry Analysis

Multi-Factor Authentication Industry Analysis of Sales, Revenue,
Share to 2025
“Multi-Factor Authentication Market is expected to reach USD 17.76 billion at
a CAGR as the scope and its applications are rising enormously across the
globe. To confirm the user’s identity for a login or other transaction, Multi-
Factor Authentication (MFA) is a security system that needs more than one
technique of verification from independent groups of credentials.”
Global Multi-Factor Authentication Market is expected to reach USD 17.76 billion at a CAGR as the scope and
its applications are rising enormously across the globe. To confirm the user’s identity for a login or other
transaction, Multi-Factor Authentication (MFA) is a security system that needs more than one technique of
verification from independent groups of credentials. The aim of MFA is to create a layered defense that helps
to protect personal and official data from an unauthorized person. It is built from a grouping of biometric
validation techniques, physical techniques, and logical techniques to protect product or service and a facility.
The multi-factor authentication market is expected to grow at a CAGR of 15.07% by 2025.
It allows administrations to use enhanced safety choices and used in various applications as high security
guarantee and welfares provided for data security are documented as major factors of Multi-Factor
Authentication Market that are estimated to enhance the growth in the years to come. However, requires more
time for higher order authentication models and technical complexity and cost in implementing Multi-Factor
Authentication are the factors that restrain overall market growth in coming years. Multi-Factor Authentication
industry is segmented based on model, applications, and region. Five factor authentication, four factor
authentication, three-factor authentication and two-factor authentication are the models that could be
explored in Multi-Factor Authentication in the future period. The three-factor authentication includes three-
factor biometric technology, smart card with pin and biometric technology, pin with two-factor biometric
technology and smart card with two-factor biometric technology.
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