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South Korea (Republic of Korea) Multifactor Authentication (MFA) market size is projected to grow by USD 897.51 million between 2023 and 2028, at a 24.49% CAGR. Key drivers include the rise of Out-of-Band (OOB) authentication, secure hardware OTP tokens, and the growing trend of Bring Your Own Device (BYOD) in businesses. MFA solutions, including biometrics and phone-based methods, enhance security by verifying users through multiple steps, reducing the risk of data breaches. As businesses prioritize data confidentiality, MFA adoption is expected to surge, solidifying its role as a critical security tool in South Korea.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Component
8 Market Segmentation by Deployment
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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