Multifactor Authentication Market

Multifactor Authentication Market studies the Multi-factor Authentication (MFA) market. Multifactor authentication (MFA) is a security system that requires more than one method of authentication from independent categories of credentials to verify the user?s identity for a login or other transaction.

Multifactor Authentication Market aims to provide a comprehensive presentation of the global market for Multifactor Authentication (MFA), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Multifactor Authentication (MFA). Multifactor Authentication Market contains market size and forecasts of Multifactor Authentication (MFA) in global, including the following market information:

Global Multifactor Authentication (MFA) Market Revenue, 2019-2024, 2024-2029, ($ millions)

Global top five companies in 2023 (%)

The global Multifactor Authentication (MFA) market was valued at US$ 13210 million in 2023 and is projected to reach US$ 19800 million by 2029, at a CAGR of 6.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

United States is the largest Multi-Factor Authentication (MFA) market with about 35% market share. Europe is follower, accounting for about 30% market share.

The key players are Morpho (France), Gemalto (Netherlands), NEC (Japan), Entrust Inc. (US), Broadcom, Fujitsu (Japan), VASCO Data Security (US), HID Global (US), RSA Security (US), Symantec Corporation (US), SecurEnvoy ltd (England), Crossmatch (US), Duo Secuirty (US), Deepnet Security (England), CensorNet Ltd. (England) etc. Top 3 companies occupied about 30% market share.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Multifactor Authentication (MFA) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Multifactor Authentication (MFA) Market, by Type, 2019-2024, 2024-2029 ($ millions)

Global Multifactor Authentication (MFA) Market Segment Percentages, by Type, 2023 (%)

Two-Factor Authentication

Three-Factor Authentication

Other

Global Multifactor Authentication (MFA) Market, by Application, 2019-2024, 2024-2029 ($ millions)

Global Multifactor Authentication (MFA) Market Segment Percentages, by Application, 2023 (%)

Banking and Finance

Government

Military and Defense

Commercial Security

Consumer Electronics

Healthcare

Global Multifactor Authentication (MFA) Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions)

Global Multifactor Authentication (MFA) Market Segment Percentages, By Region and Country, 2023 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Multifactor Authentication (MFA) revenues in global market, 2019-2024 (estimated), ($ millions)

Key companies Multifactor Authentication (MFA) revenues share in global market, 2023 (%)

Further, the report presents profiles of competitors in the market, key players include:

Morpho

Gemalto

NEC

Entrust Inc.

Broadcom

Fujitsu

VASCO Data Security

HID Global

RSA Security

Symantec Corporation

SecurEnvoy ltd

Crossmatch

Duo Secuirty

Deepnet Security

CensorNet Ltd.

Outline of Major Chapters:

Chapter 1: Introduces the definition of Multifactor Authentication (MFA), market overview.

Chapter 2: Global Multifactor Authentication (MFA) market size in revenue.

Chapter 3: Detailed analysis of Multifactor Authentication (MFA) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Multifactor Authentication (MFA) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: The main points and conclusions of the report.