Multifactor Authentication (MFA) Market, Global Outlook and Forecast 2024-2031
This report 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.
This report 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). This report 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.
