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Multi-Factor Authentication (MFA)-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Multi-Factor Authentication (MFA) market size is expected to reach US$ 45570 million by 2029, growing at a CAGR of 19.6% from 2023 to 2029. The market is mainly driven by the significant applications of Multi-Factor Authentication (MFA) in various end use industries. The expanding demands from the Banking and Finance, Government, Travel and Immigration and Military and Defense, are propelling Multi-Factor Authentication (MFA) market. Two-Factor Authentication, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Three-Factor Authentication segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Multi-Factor Authentication (MFA), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Multi-Factor Authentication (MFA) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Multi-Factor Authentication (MFA) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Multi-Factor Authentication (MFA) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Multi-Factor Authentication (MFA) covered in this report include Morpho (France), Gemalto (Netherlands), NEC (Japan), Entrust Inc. (US), Broadcom, Fujitsu (Japan), VASCO Data Security (US), HID Global (US) and RSA Security (US), etc.
The global Multi-Factor Authentication (MFA) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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)
Global Multi-Factor Authentication (MFA) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Multi-Factor Authentication (MFA) market, Segment by Type:
Two-Factor Authentication
Three-Factor Authentication
Others
Global Multi-Factor Authentication (MFA) market, by Application
Banking and Finance
Government
Travel and Immigration
Military and Defense
Commercial Security
Consumer Electronics
Healthcare
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Multi-Factor Authentication (MFA) companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Multi-Factor Authentication (MFA) market size is expected to reach US$ 45570 million by 2029, growing at a CAGR of 19.6% from 2023 to 2029. The market is mainly driven by the significant applications of Multi-Factor Authentication (MFA) in various end use industries. The expanding demands from the Banking and Finance, Government, Travel and Immigration and Military and Defense, are propelling Multi-Factor Authentication (MFA) market. Two-Factor Authentication, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Three-Factor Authentication segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Multi-Factor Authentication (MFA), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Multi-Factor Authentication (MFA) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Multi-Factor Authentication (MFA) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Multi-Factor Authentication (MFA) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Multi-Factor Authentication (MFA) covered in this report include Morpho (France), Gemalto (Netherlands), NEC (Japan), Entrust Inc. (US), Broadcom, Fujitsu (Japan), VASCO Data Security (US), HID Global (US) and RSA Security (US), etc.
The global Multi-Factor Authentication (MFA) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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)
Global Multi-Factor Authentication (MFA) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Multi-Factor Authentication (MFA) market, Segment by Type:
Two-Factor Authentication
Three-Factor Authentication
Others
Global Multi-Factor Authentication (MFA) market, by Application
Banking and Finance
Government
Travel and Immigration
Military and Defense
Commercial Security
Consumer Electronics
Healthcare
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Multi-Factor Authentication (MFA) companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Multi-Factor Authentication (MFA)
1.1 Multi-Factor Authentication (MFA) Market Overview
1.1.1 Multi-Factor Authentication (MFA) Product Scope
1.1.2 Multi-Factor Authentication (MFA) Market Status and Outlook
1.2 Global Multi-Factor Authentication (MFA) Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Multi-Factor Authentication (MFA) Market Size by Region (2018-2029)
1.4 Global Multi-Factor Authentication (MFA) Historic Market Size by Region (2018-2023)
1.5 Global Multi-Factor Authentication (MFA) Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Multi-Factor Authentication (MFA) Market Size (2018-2029)
1.6.1 North America Multi-Factor Authentication (MFA) Market Size (2018-2029)
1.6.2 Europe Multi-Factor Authentication (MFA) Market Size (2018-2029)
1.6.3 Asia-Pacific Multi-Factor Authentication (MFA) Market Size (2018-2029)
1.6.4 Latin America Multi-Factor Authentication (MFA) Market Size (2018-2029)
1.6.5 Middle East & Africa Multi-Factor Authentication (MFA) Market Size (2018-2029)
2 Multi-Factor Authentication (MFA) Market by Type
2.1 Introduction
2.1.1 Two-Factor Authentication
2.1.2 Three-Factor Authentication
2.1.3 Others
2.2 Global Multi-Factor Authentication (MFA) Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Multi-Factor Authentication (MFA) Historic Market Size by Type (2018-2023)
2.2.2 Global Multi-Factor Authentication (MFA) Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Multi-Factor Authentication (MFA) Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Multi-Factor Authentication (MFA) Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Multi-Factor Authentication (MFA) Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Multi-Factor Authentication (MFA) Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Multi-Factor Authentication (MFA) Revenue Breakdown by Type (2018-2029)
3 Multi-Factor Authentication (MFA) Market Overview by Application
3.1 Introduction
3.1.1 Banking and Finance
3.1.2 Government
3.1.3 Travel and Immigration
3.1.4 Military and Defense
3.1.5 Commercial Security
3.1.6 Consumer Electronics
3.1.7 Healthcare
3.1.8 Others
3.2 Global Multi-Factor Authentication (MFA) Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Multi-Factor Authentication (MFA) Historic Market Size by Application (2018-2023)
3.2.2 Global Multi-Factor Authentication (MFA) Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Multi-Factor Authentication (MFA) Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Multi-Factor Authentication (MFA) Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Multi-Factor Authentication (MFA) Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Multi-Factor Authentication (MFA) Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Multi-Factor Authentication (MFA) Revenue Breakdown by Application (2018-2029)
4 Multi-Factor Authentication (MFA) Competition Analysis by Players
4.1 Global Multi-Factor Authentication (MFA) Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Multi-Factor Authentication (MFA) as of 2022)
4.3 Date of Key Players Enter into Multi-Factor Authentication (MFA) Market
4.4 Global Top Players Multi-Factor Authentication (MFA) Headquarters and Area Served
4.5 Key Players Multi-Factor Authentication (MFA) Product Solution and Service
4.6 Competitive Status
4.6.1 Multi-Factor Authentication (MFA) Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Morpho (France)
5.1.1 Morpho (France) Profile
5.1.2 Morpho (France) Main Business
5.1.3 Morpho (France) Multi-Factor Authentication (MFA) Products, Services and Solutions
5.1.4 Morpho (France) Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.1.5 Morpho (France) Recent Developments
5.2 Gemalto (Netherlands)
5.2.1 Gemalto (Netherlands) Profile
5.2.2 Gemalto (Netherlands) Main Business
5.2.3 Gemalto (Netherlands) Multi-Factor Authentication (MFA) Products, Services and Solutions
5.2.4 Gemalto (Netherlands) Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.2.5 Gemalto (Netherlands) Recent Developments
5.3 NEC (Japan)
5.3.1 NEC (Japan) Profile
5.3.2 NEC (Japan) Main Business
5.3.3 NEC (Japan) Multi-Factor Authentication (MFA) Products, Services and Solutions
5.3.4 NEC (Japan) Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.3.5 Entrust Inc. (US) Recent Developments
5.4 Entrust Inc. (US)
5.4.1 Entrust Inc. (US) Profile
5.4.2 Entrust Inc. (US) Main Business
5.4.3 Entrust Inc. (US) Multi-Factor Authentication (MFA) Products, Services and Solutions
5.4.4 Entrust Inc. (US) Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.4.5 Entrust Inc. (US) Recent Developments
5.5 Broadcom
5.5.1 Broadcom Profile
5.5.2 Broadcom Main Business
5.5.3 Broadcom Multi-Factor Authentication (MFA) Products, Services and Solutions
5.5.4 Broadcom Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.5.5 Broadcom Recent Developments
5.6 Fujitsu (Japan)
5.6.1 Fujitsu (Japan) Profile
5.6.2 Fujitsu (Japan) Main Business
5.6.3 Fujitsu (Japan) Multi-Factor Authentication (MFA) Products, Services and Solutions
5.6.4 Fujitsu (Japan) Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.6.5 Fujitsu (Japan) Recent Developments
5.7 VASCO Data Security (US)
5.7.1 VASCO Data Security (US) Profile
5.7.2 VASCO Data Security (US) Main Business
5.7.3 VASCO Data Security (US) Multi-Factor Authentication (MFA) Products, Services and Solutions
5.7.4 VASCO Data Security (US) Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.7.5 VASCO Data Security (US) Recent Developments
5.8 HID Global (US)
5.8.1 HID Global (US) Profile
5.8.2 HID Global (US) Main Business
5.8.3 HID Global (US) Multi-Factor Authentication (MFA) Products, Services and Solutions
5.8.4 HID Global (US) Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.8.5 HID Global (US) Recent Developments
5.9 RSA Security (US)
5.9.1 RSA Security (US) Profile
5.9.2 RSA Security (US) Main Business
5.9.3 RSA Security (US) Multi-Factor Authentication (MFA) Products, Services and Solutions
5.9.4 RSA Security (US) Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.9.5 RSA Security (US) Recent Developments
5.10 Symantec Corporation (US)
5.10.1 Symantec Corporation (US) Profile
5.10.2 Symantec Corporation (US) Main Business
5.10.3 Symantec Corporation (US) Multi-Factor Authentication (MFA) Products, Services and Solutions
5.10.4 Symantec Corporation (US) Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.10.5 Symantec Corporation (US) Recent Developments
5.11 SecurEnvoy ltd (England)
5.11.1 SecurEnvoy ltd (England) Profile
5.11.2 SecurEnvoy ltd (England) Main Business
5.11.3 SecurEnvoy ltd (England) Multi-Factor Authentication (MFA) Products, Services and Solutions
5.11.4 SecurEnvoy ltd (England) Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.11.5 SecurEnvoy ltd (England) Recent Developments
5.12 Crossmatch (US)
5.12.1 Crossmatch (US) Profile
5.12.2 Crossmatch (US) Main Business
5.12.3 Crossmatch (US) Multi-Factor Authentication (MFA) Products, Services and Solutions
5.12.4 Crossmatch (US) Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.12.5 Crossmatch (US) Recent Developments
5.13 Duo Secuirty (US)
5.13.1 Duo Secuirty (US) Profile
5.13.2 Duo Secuirty (US) Main Business
5.13.3 Duo Secuirty (US) Multi-Factor Authentication (MFA) Products, Services and Solutions
5.13.4 Duo Secuirty (US) Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.13.5 Duo Secuirty (US) Recent Developments
5.14 Deepnet Security (England)
5.14.1 Deepnet Security (England) Profile
5.14.2 Deepnet Security (England) Main Business
5.14.3 Deepnet Security (England) Multi-Factor Authentication (MFA) Products, Services and Solutions
5.14.4 Deepnet Security (England) Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.14.5 Deepnet Security (England) Recent Developments
5.15 CensorNet Ltd. (England)
5.15.1 CensorNet Ltd. (England) Profile
5.15.2 CensorNet Ltd. (England) Main Business
5.15.3 CensorNet Ltd. (England) Multi-Factor Authentication (MFA) Products, Services and Solutions
5.15.4 CensorNet Ltd. (England) Multi-Factor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.15.5 CensorNet Ltd. (England) Recent Developments
6 North America
6.1 North America Multi-Factor Authentication (MFA) Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Multi-Factor Authentication (MFA) Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Multi-Factor Authentication (MFA) Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Multi-Factor Authentication (MFA) Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Multi-Factor Authentication (MFA) Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Multi-Factor Authentication (MFA) Market Dynamics
11.1 Multi-Factor Authentication (MFA) Industry Trends
11.2 Multi-Factor Authentication (MFA) Market Drivers
11.3 Multi-Factor Authentication (MFA) Market Challenges
11.4 Multi-Factor Authentication (MFA) Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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