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The multi-factor authentication market size is forecast to increase by USD 38.97 billion, at a CAGR of 28.83% between 2023 and 2028. Market growth hinges on several factors, including the surge in online transactions, the robust security offered by hardware OTP tokens, and the strict adherence to regulatory compliance. These elements drive the adoption of OTP tokens, especially in industries where data security is paramount. Additionally, the increasing sophistication of cyber threats underscores the importance of secure authentication methods, further boosting the market. Moreover, the rising awareness of regulatory requirements for secure transactions fosters market growth as organizations seek compliant solutions to protect sensitive data. It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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