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Strong growth ahead for two factor authentication market

As users become more concerned about the safety of their data, two factor authentication, or, TFA is gaining momentum. According to research analysts at Technavio, the global market was valued at $4.73 billion in 2016, and is expected to reach 13.63 billion by 2021 at a CAGR of 23.57%. Currently North America has the largest share of the market at 36.79%, but Europe will likely make the highest contribution to the market’s growth with a CAGR of 24.19%.

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