Multi-factor Authentication Market 2022-2027: Industry Analysis, Key Players, Growth and Forecast
The latest report by IMARC Group, titled "Multi-Factor Authentication Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the global multi-factor authentication market . The report also includes competitor and regional analysis, and contemporary advancements in the market. The global multi-factor authentication market reached a value of US$ 12.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 34.7 Billion by 2027, exhibiting at a CAGR of 17.8% during 2022-2027. Multi-factor authentication (MFA) represents a security system that is built to protect business units and organizations from potential security breaches using a multi-layered verification process. It requires an individual to provide various safety validation variables, such as their login credentials, a security token, one-time password (OTP), biometric verificatio