Global Multi-Factor Authentication (MFA) Strategic Business Report 2023: Wearables Widen Opportunities For MFA

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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

For more information about this report visit

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Attachment

• 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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