Dublin, May 21, 2021 (GLOBE NEWSWIRE) -- The "Global Multi-factor Authentication Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The multi-factor authentication market is poised to grow by $ 15.14 billion during 2021-2025, progressing at a CAGR of almost 20% during the forecast period.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
The market is driven by the increase in the volume of online transactions, high-level security provided by hardware OTP tokens, and adherence to compliance mandates.
The multi-factor authentication market analysis includes component segment and geographic landscape. This study identifies the introduction of Out-of-Band (OOB) authentication as one of the prime reasons driving the multi-factor authentication market growth during the next few years. Also, the emergence of cloud-based multi-factor authentication and increased adoption of unified platforms for authentication purposes will lead to sizable demand in the market.
The report on multi-factor authentication market covers the following areas:
Multi-factor authentication market sizing
Multi-factor authentication market forecast
Multi-factor authentication market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading multi-factor authentication market vendors that include Broadcom Inc., Entrust Datacard Corp., Fujitsu Ltd., Microsoft Corp., Okta Inc., OneSpan Inc., RSA Security LLC, SecureAuth Corp., Thales Group, and Yubico AB. Also, the multi-factor authentication market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
Key Topics Covered:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Component
Comparison by Component
Services - Market size and forecast 2020-2025
Products - Market size and forecast 2020-2025
Market opportunity by Component
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
Entrust Datacard Corp.
RSA Security LLC
For more information about this report visit https://www.researchandmarkets.com/r/nh1yxr
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