Multi-Factor Authentication (MFA) Global Market Expected to Reach $13.59 Billion with 18.8% CAGR Forecast to 2022

New York, NY -- (SBWIRE) -- 05/31/2017 -- Global Multi-Factor Authentication (MFA) Market is accounted for $4.05 billion in 2015 and is expected to reach $13.59 billion by 2022 growing at a CAGR of 18.8% from 2015 to 2022. MFA technology plays a significant role as it helps to meet legislative compliances, security needs, inter border security requirements. Some of the major drivers in this market include rise of E-commerce sector, growing number of online transactions, network security threats and legislative compliances. However, data security and MFA usage service time are some restraints anticipated to decrease the market growth.