Multifactor Authentication Market Size & Future Development Status 2026 Multifactor Authentication Market was valued US$6.93 Bn by 2017 and is estimated to reach US$24.82 Bn by 2026 at a CAGR of about 15.23% during a forecast period. BriefingWire.com, 4/13/2021 - Market Scenario Multifactor Authentication Market was valued US$6.93 Bn by 2017 and is estimated to reach US$24.82 Bn by 2026 at a CAGR of about 15.23% during a forecast period. Multi-factor authentication utilizes many-fold methods of authentication to verify a userâs identity. Authenticating user identity ensures security during online transactions and accessing corporate resources. Multi-factor authentication utilized for Credentials breach of data that enterprise in order to administer an extra security layer that makes users authenticate via knowledge, possession, and inherence factors to gain access to corporate and social networks. A large number of countries have introduced countermeasures to implement the regulations such as HIPAA, Basel II, Gramm-Leach-Bliley Act (GLBA), PCI DSS, and SOX.