(MENAFN- GlobeNewsWire - Nasdaq) Dublin, March 17, 2023 (GLOBE NEWSWIRE) -- The 'multi-factor authentication (mfa): global strategic business report' report has been added to ResearchAndMarkets.com's offering.
The global market for Multi-Factor Authentication (MFA) estimated at US$17.9 Billion in the year 2022, is projected to reach a revised size of US$53 Billion by 2030, growing at a CAGR of 14.6% over the analysis period 2022-2030.
Two Factor Authentication, one of the segments analyzed in the report, is projected to record 13.3% CAGR and reach US$33.5 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Three Factor Authentication segment is readjusted to a revised 18.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.9 Billion, While China is Forecast to Grow at 20.7% CAGR
The Multi-Factor Authentication (MFA) market in the U.S. is estimated at US$4.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$13.5 Billion by the year 2030 trailing a CAGR of 20.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.3% and 11.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR.
Select Competitors (Total 13 Featured) -
CA Technologies Gemalto NV RSA Security, Inc. SAFRAN Group Symantec Corporation
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession. Global competitiveness and key competitor percentage market shares Market presence across multiple geographies - Strong/Active/Niche/Trivial Online interactive peer-to-peer collaborative bespoke updates Access to digital archives and Research Platform Complimentary updates for one year
Key Attributes:
Report Attribute | Details |
No. of Pages | 163 |
Forecast Period | 2020 - 2027 |
Estimated Market Value (USD) in 2020 | $12.6 Billion |
Forecasted Market Value (USD) by 2027 | $33.5 Billion |
Compound Annual Growth Rate | 15.0% |
Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights World Market Trajectories Impact of Covid-19 and a Looming Global Recession Multi-Factor Authentication (MFA) - Global Key Competitors Percentage Market Share in 2022 (E) Market Overview Factors Driving MFA Increasing Rates of Cybercrime to Drive MFA Adoption Cyberattacks by Industry: 2019 Cloud Computing Adds Avenues for MFA Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Trends Summarized for MFA Rise in Smartphone Usage Drive the Need for MFA Smartphone Sales Worldwide in Million Units: 2007-2022 Wearables Widen Opportunities for MFA Global Wearble Shipments in Million Units: 2017-2022 Authentication as a Service (AaaS) Grows in Prominence Enterprise Mobility & BYOD Movement Picks up Pace, Triggering the Need for MFA Data Protection Regulations Mandate Use of MFA Rise in eCommerce Market & Increasingg Data Protection Needs Fuel Demand for MFA Global eCommerce as a Percentage of Retail Sales: 2017-2022 Growing Global Interest in E-Governance Drives Demand for MFA in the Government Sector Banking & Financial Services Security Drives Interest in MFA Insurance Companies Prioritize MFA amid Growing Complexities in Data Management Opportunities for MFA in the Healthcare Sector Online Gaming Platforms Drive MFA to Secure their Operations Market Issues
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
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global market for multi-factor authentication (mfa)

Global Market for Multi-Factor Authentication (MFA) Global Market for Multi-Factor Authentication (MFA) Tags cyberattacks data protection it security multi factor authentication multifactor authentication two factor authentication
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