Multifactor Authentication Market: 3-Key Growth Scenarios

Multifactor Authentication Market Latest Edition Published with Forecast to 2027


The article cited AMA's "Global Multifactor Authentication Market Study" explored CAGR of 16.52%. According to the report, Biometrics to Become Authentication Benchmark is one of the primary growth factors for the market. Increase in Data Breaches and Cyber Attacks is also expected to contribute significantly to the Multifactor Authentication market. Overall, Banking and Finance applications of Multifactor Authentication, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Technology, such as PINgrid, is boosting the Multifactor Authentication market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Model, such as Two-Factor Authentication, is boosting the Multifactor Authentication market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Multifactor Authentication market identified that the demand is rising in many different parts of the world as "The Rising Demand of MFA for Data Security in the Cloud Environment ". Furthermore, some recent industry insights like "On 2 April 2019, HID Global, a global leader in trusted identity solutions, has announced advancements of its banking offerings with its new HID Authentication Service. The solution enables existing financial institutions and new digital startups to better facilitate secure digital banking transactions., On 5 June 2018, Gemalto has brought secure, multi-factor authentication to Belgium’s pioneering national Mobile Identity scheme itsme. and On 16 July 2018, Crossmatch has announced the general availability of the DigitalPersona v3.0 multifactor authentication software." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Multifactor Authentication market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Multifactor Authentication market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager