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.
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.
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.
More details: https://www.technavio.com/report/multi-factor-authentication-market-industry-analysis
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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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Component
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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