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This report studies the Multi-factor Authentication (MFA) market. Multifactor authentication (MFA) is a security system that requires more than one method of authentication from independent categories of credentials to verify the user’s identity for a login or other transaction.
Multi-factor authentication (MFA) is a method of confirming a user's claimed identity in which a user is granted access only after successfully presenting 2 or more pieces of evidence (or factors) to an authentication mechanism: knowledge (something they and only they know), possession (something they and only they have), and inherence (something they and only they are)
Multifactor authentication (MFA) is a security system that requires more than one method of authentication from independent categories of credentials to verify the user's identity for a login or other transaction.
Multi-factor authentication is a multi-layered verification process, which identifies a user by authenticating any two of the main four parameters – possession (something the user has), knowledge (something the user knows), genetics (something the user inherits genetically) and location for accessing a system. Possession parameters can include different things such as software and hardware tokens including keyfob, OTP and more.
The increasing number of cyber-attacks globally can have a positive impact on the growth of multi-factor authentication market. Increasing number of phishing, brute force and other authentication oriented attacks have been one of the significant factors affecting the multi-factor authentication market for the forecast period
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