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Technavio’s market research analyst predicts that the global multi-factor authentication market will grow at a rapid CAGR of just over 22% during the forecast period. Key end-user sectors that will propel growth in this market are the BFSI and PCI segments, which will bring about growth in this market due to an increase in the number of online transactions. Generally, financial transactions conducted on the Internet are vulnerable to data and identity thefts, especially in sectors such as retail, healthcare, and BFSI. Since all of these sectors are adopting multi-factor authentication techniques to secure sensitive financial information, it will fuel the prospects for market growth until the end of the estimated period.