Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
Big Data as a Service Market Report 2022-2027, Industry Share, Size, Growth, Trends and Opportunities
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According to the latest report by IMARC Group, titled "Multi-Factor Authentication Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global multi-factor authentication market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the global multi-factor authentication market to grow at a CAGR of around 17% during 2021-2026.
Multi-factor authentication (MFA) is a security system intended to protect network, database, device or a physical location with the use of a multi-layered verification process. It requires unique credentials to confirm the user’s identity for the login or any transaction to be made. Other than the username and password, it entails additional authorization factors, including personal security questions, facial recognition, badges, USB devices, security token, one-time password (OTP), behavioral analysis and risk score. Since it is generally a challenging task to decrypt multiple authentication factors, the use of MFA security systems has gained immense traction across the globe.
We are regularly tracking the direct
effect of COVID-19 on the
market, along with the indirect influence of associated industries. These
observations will be integrated into the report.
Request
Free Sample Report: https://www.imarcgroup.com/multi-factor-authentication-market/requestsample
Global Multi-Factor Authentication Market Trends:
The market is primarily driven by a significant rise in
the incidences of security breaches. An escalating number of cyberattacks,
along with the increasing online fraud cases, are encouraging corporate
organizations, banking, financial and insurance companies, and government
offices to adopt MFA for safeguarding sensitive data against any form of
security transgression. Apart from this, the rising adoption rates of the
Internet of Things (IoT), coupled with the increasing popularity of
cloud-integrated MFA solutions have reduced the costs associated with the
hardware and software-based authentication models. Other factors, such as the
rising trend of virtual smart cards, increasing government investments into
cybersecurity and extensive research and development in the field of biometric
technologies, are expected to create a positive outlook for the market.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/multi-factor-authentication-market
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has
been studied in the report with the detailed profiles of the key players
operating in the market.
Some of these key players include:
·
Broadcom,
Inc.
·
HID
Global Corporation
·
Deepnet
Security Ltd.
·
Entrust
Datacard Corporation
·
Fujitsu
Limited
·
Gemalto
N.V.
·
Microsoft
Corporation
·
NEC
Corporation of America
·
Okta,
Inc.
·
Ping
Identity Corporation
·
RSA
Security LLC
·
SecureAuth
Corporation
·
SecurEnvoy
Limited
·
Suprema
Inc
Breakup
by Model:
·
Two-Factor
Authentication
·
Three-Factor
Authentication
·
Four-Factor
Authentication
·
Five-Factor
Authentication
Breakup
by Deployment Type:
·
On-Premises
·
On-Cloud
Breakup
by Application:
·
Smart
Card Authentication
·
Phone-Based
Authentication
·
Hardware
OTP Token Authentication
Breakup
by Vertical:
·
Banking
& Finance
·
Government
·
Travel
& Immigration
·
Military
& Defence
·
Commercial
Security
·
Healthcare
·
Consumer
Electronics
·
Others
Breakup
by Region:
·
North
America (United States, Canada)
·
Asia
Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
·
Europe
(Germany, France, United Kingdom, Italy, Spain, Others)
·
Latin
America (Brazil, Mexico, Others)
· Middle East and Africa (United Arab
Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
·
Market Performance (2015-2020)
·
Market Outlook (2021-2026)
·
COVID-19
Impact on the Market
·
Porter’s
Five Forces Analysis
·
Historical,
Current and Future Market Trends
·
Market
Drivers and Success Factors
·
SWOT
Analysis
·
Structure
of the Market
·
Value
Chain Analysis
·
Comprehensive
Mapping of the Competitive Landscape
Note:
If you need specific information that is not currently within the scope of the
report, we can provide it to you as a part of the customization.
About
Us
IMARC Group
is a leading market research company that offers management strategy and market
research worldwide. We partner with clients in all sectors and regions to
identify their highest-value opportunities, address their most critical
challenges, and transform their businesses.
IMARC’s
information products include major market, scientific, economic and
technological developments for business leaders in pharmaceutical, industrial,
and high technology organizations. Market forecasts and industry analysis for
biotechnology, advanced materials, pharmaceuticals, food and beverage, travel
and tourism, nanotechnology and novel processing methods are at the top of the
company’s expertise.
Contact
US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia:
+91-120-433-0800, +91-120-433-0800
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