Multi-factor Authentication (MFA) Market By Model (Five Factor Authentication, Four Factor Authentication, Three Factor Authentication and Two Factor Authentication) and Application (Retail & E-commerce, BFSI, Government & Defense, Travel & Immigration, Healthcare and Other Applications) - Global Industry Analysis And Forecast To 2025
The multi-factor authentication (MFA) is the technique for affirming the client's asserted personality in which the computer user is given access simply after effectively exhibiting at least two bits of proof (or the factors) to the validation system: the knowledge (something the client and just the client knows), the possession (something the client and just the client has), and the inherence (something the client and just the client is). The two-factor validation (otherwise called the 2FA) is the sort, or the subset, of multi-factor verification. It is the technique for affirming clients' asserted characters by utilizing the blend of two unique components: 1) something they are, or 2) something they have, 3) something they have. Therefore, the Multi-factor Authentication (MFA) Market is anticipated to expand and has tremendous scope during the forecast period. The global Multi-factor Authentication (MFA) Market anticipated to flourish in the future by growing at a significantly higher CAGR.
On the basis of Type the market is segmented into Five Factor Authentication, Four Factor Authentication, Three Factor Authentication and Two Factor Authentication. The Two Factor Authentication section is dominating the market owing to utilization of this model by the organizations for authenticating the digital identities of consumers, and other factors.
On the basis of Application the market is segmented into Retail & E-commerce, BFSI, Government & Defense, Travel & Immigration, Healthcare and Other Applications. The BFSI section is seen more growth in the market owing to increasing utilization of these solutions by organizations for curbing loss of data, securing transactions & limiting the fraudulent activities.
The North American region is dominating the global Multi-factor Authentication (MFA) Market owing to factor like; more technological development, growth in the smartphones, improvement in the network connectivity, increasing adoption & utilization of digital services, etc.
Multi-factor Authentication (MFA) Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Vasco Data Security International Inc.
RSA Security LLC
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?