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Multi-Factor Authentication Market worth $23.5 billion by 2026 - Exclusive Report by MarketsandMarkets


Multi-Factor Authentication Market worth $23.5 billion by 2026 - Exclusive Report by MarketsandMarkets
Multi-Factor Authentication Market
by Component (Hardware, Solutions, and Services), Model Type (Two, Three, Four, and Five-Factor), Organization Size, End User (BFSI, Healthcare, Media and Entertainment, Government), and Region - Global Forecast to 2026
, published by MarketsandMarkets, the market size is projected to grow from USD 11.1 billion in 2021 to USD 23.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.2% during the forecast period. Major driving factors for the MFA market include rise in security breaches, fraud, and data identity thefts, surge in use of BYOD/ IoT devices, high demand for cloud-based MFA solutions and services, high volume of online transactions, and stringent government regulations. ....

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