Growing global market for multi-factor authentication driven by BYOD trends and government regulations

From GlobeNewswire: 2024-09-30 09:57:00

The global multi-factor authentication market is growing due to BYOD trends and government regulations. Market expected to reach US$55.04 billion by 2031, with a CAGR of 18.2%. AI is being used to enhance security in MFA systems. North America leads in revenue share. Companies like Microsoft and Thales are key players in the market. Digital payments are on the rise, driving the growth of online financial transactions. Businesses are adopting MFA solutions for enhanced cybersecurity as remote work becomes more common. The report from The Insight Partners offers valuable insights for stakeholders in this evolving market landscape.



Read more at GlobeNewswire: Multi-Factor Authentication Market Size Worth $55.04