Insights on the Global Multi-factor Authentication Market 2021-2025: Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2025 – Technavio

NEW YORK, April 23, 2021 /PRNewswire/ —
The multi-factor authentication market is expected…

NEW YORK, April 23, 2021 /PRNewswire/ —

The multi-factor authentication market is expected to grow by $ 15.14 bn, progressing at a CAGR of 20% during the forecast period. 

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The increase in the volume of online transactions is one of the major factors propelling the market growth. However, factors such as an increase in the cost of OTP tokens will hamper the market growth.

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Multi-factor Authentication Market: Component Landscape

Based on the component, the services segment is expected to witness lucrative growth during the forecast period.

Multi-factor Authentication Market: Geographic Landscape

By geography, North America is going to have lucrative growth during the forecast period. About 35% of the market’s overall growth is expected to originate from North America. The US is one of the key markets for the multi-factor authentication market in North America. The increase in regulatory requirements for large banks and PCI companies will facilitate the multi-factor authentication market growth in North America over the forecast period. 

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Companies Covered:

  • Broadcom Inc.
  • Entrust Datacard Corp.
  • Fujitsu Ltd.
  • Microsoft Corp.
  • Okta Inc.
  • OneSpan Inc.
  • RSA Security LLC
  • SecureAuth Corp.
  • Thales Group
  • Yubico AB

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2020, 2021, until 2025
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • 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 condition

Market Segmentation by Component

  • Market segments
  • Comparison by Component
  • Services – Market size and forecast 2020-2025
  • Products – Market size and forecast 2020-2025
  • Market opportunity by Component

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • 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 drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor Landscape
  • Landscape disruption
  • Competitive Scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Broadcom Inc.
  • Entrust Datacard Corp.
  • Fujitsu Ltd.
  • Microsoft Corp.
  • Okta Inc.
  • OneSpan Inc.
  • RSA Security LLC
  • SecureAuth Corp.
  • Thales Group
  • Yubico AB

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Report Link: https://www.technavio.com/report/multi-factor-authentication-market-industry-analysis

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