Multi-Factor Authentication Solutions Market

Multi-factor authentication (MFA) software secures users? accounts by requiring them to prove their identity in two or more ways before granting access to accounts, sensitive information, systems, or applications. In addition to a single authentication factor, such as inputting a username and password, users are prompted to provide a second authentication factor to validate who the user says they are. Examples of authentication factors include one-time passcodes (OTPs) for SMS, email, or phone call, software tokens, hardware tokens, which are commonly small thumb drives or keycards, mobile-push on a software application to a mobile device, biometric factors, and contextual or risk-based authentication.
Multi-Factor Authentication Solutions Market contains market size and forecasts of Multi-Factor Authentication (MFA) Solutions in Global, including the following market information:
Global Multi-Factor Authentication (MFA) Solutions Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Multi-Factor Authentication (MFA) Solutions market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud Based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Multi-Factor Authentication (MFA) Solutions include Duo Security, Google, LastPass, Authy, Ping Identity, OneLogin, RSA, Auth0 and WatchGuard, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Multi-Factor Authentication (MFA) Solutions 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 Multi-Factor Authentication (MFA) Solutions Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Multi-Factor Authentication (MFA) Solutions Market Segment Percentages, by Type, 2021 (%)
Cloud Based
On-premises
Global Multi-Factor Authentication (MFA) Solutions Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Multi-Factor Authentication (MFA) Solutions Market Segment Percentages, by Application, 2021 (%)
SMEs
Large Enterprises
Global Multi-Factor Authentication (MFA) Solutions Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Multi-Factor Authentication (MFA) Solutions Market Segment Percentages, By Region and Country, 2021 (%)
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 Multi-Factor Authentication (MFA) Solutions revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Multi-Factor Authentication (MFA) Solutions revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Duo Security
Google
LastPass
Authy
Ping Identity
OneLogin
RSA
Auth0
WatchGuard
SecureAuth
Secret Double Octopus
CyberArk
Microsoft
Silverfort
Broadcom
Yubico
RingCaptcha
Salesforce
IDEE
GateKeeper
IBM
OAuth.io
Okta
Twilio
HID Global
ESET
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