Pune, India -- (SBWIRE) -- 01/19/2018 -- The multifactor authentication (MFA) market is expected to reach at a CAGR of +22% during forecast period.

Multifactor authentication allows organizations to use advanced security options, which are easier for end-users but harder for hackers. Multifactor authentication is used in several applications because of the security assurance and the benefits provided by multifactor authentication to comply with the regulatory compliances for data security.

The multifactor authentication (MFA) market is expected to reach USD 12 Billion by 2023

The study presents a qualitative and quantitative analysis of the market, its key segments, regulatory landscape, and competitive scenario, and recent developments. A detailed analysis of factors expected to drive and challenge the growth of the market as well as the trends that decide consumer inclination are highlighted. The report utilizes a variety of primary and secondary research methodologies for gathering quantitative as well as qualitative data on global as well as regional fronts. With the help of a number of industry-best analytical methods, the vast amount of market data thus gathered is filtered and narrowed down to the details that matter the most to companies operating in the Global Multi-factor Authentication Market or aspiring to enter it.

Companies Profiled In This Report:

Dell, SecureAuth, CA, Okta, Symantec, Ping Identity, VASCO, Cross Match Technologies, Fujitsu, LinOTP, IAM, Amazon, Microsoft, Onelogin, 3M Company, Bio-Key International, CA Technologies, Confident Technologies

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Factors such as an increase in data breaches and cyber-attacks, stringent regulations and the growing pressure of data security compliances, and the growing adoption of BYOD concept among enterprises are driving the growth of the multifactor authentication market.

The market for the banking and finance application holds the largest market share during the forecast period

The banking and finance application accounted for the largest share in the multifactor authentication market in 2017. Major factors for the growth of this market are increasing online traction and the growth of e-commerce for which secure transactions are required. Many regulatory bodies have passed a regulation for the use of multifactor authentication technology in this application. For the security of banking and financial applications such as core banking, online banking, banking cards personalization systems, trade finance, international payments, foreign exchange, bank guarantee, and other banking and financial services, multifactor authentication plays an important role in the authentication, resulting in the highest market share in the multifactor authentication market.

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Reason to Access Insurance Policy Software Market Research Report:
Analysis of Global Multi-factor Authentication Market and its upcoming growth prospects is been mentioned with maximum precision. This study includes an elaborative summary of market which also includes snapshots that offer depth of information of various other segmentations. Through qualitative and quantitative analysis of key factors which are responsible for boosting or hampering the market growth and the promising opportunities in market have been provide. Primary and secondary research is been done in detail which helps the readers have a strong understanding of the complete market for the forecast period.

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Table of Contents:
Global Multi-factor Authentication Market Research Report 2017
Chapter 1: Global Multi-factor Authentication Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Multi-factor Authentication Market Forecast

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