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Multifactor 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 Multifactor Authentication (MFA) market size is expected to reach US$ 19760 million by 2029, growing at a CAGR of 6.2% from 2023 to 2029. The market is mainly driven by the significant applications of Multifactor Authentication (MFA) in various end use industries. The expanding demands from the Banking and Finance, Government, Military and Defense and Commercial Security, are propelling Multifactor 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 Multifactor 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 Multifactor 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 Multifactor Authentication (MFA) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Multifactor 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 Multifactor Authentication (MFA) covered in this report include Morpho, Gemalto, NEC, Entrust Inc., Broadcom, Fujitsu, VASCO Data Security, HID Global and RSA Security, etc.
The global Multifactor 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
Gemalto
NEC
Entrust Inc.
Broadcom
Fujitsu
VASCO Data Security
HID Global
RSA Security
Symantec Corporation
SecurEnvoy ltd
Crossmatch
Duo Secuirty
Deepnet Security
CensorNet Ltd.
Global Multifactor 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 Multifactor Authentication (MFA) market, Segment by Type:
Two-Factor Authentication
Three-Factor Authentication
Other
Global Multifactor Authentication (MFA) market, by Application
Banking and Finance
Government
Military and Defense
Commercial Security
Consumer Electronics
Healthcare
Other
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 Multifactor 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 Multifactor Authentication (MFA) market size is expected to reach US$ 19760 million by 2029, growing at a CAGR of 6.2% from 2023 to 2029. The market is mainly driven by the significant applications of Multifactor Authentication (MFA) in various end use industries. The expanding demands from the Banking and Finance, Government, Military and Defense and Commercial Security, are propelling Multifactor 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 Multifactor 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 Multifactor 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 Multifactor Authentication (MFA) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Multifactor 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 Multifactor Authentication (MFA) covered in this report include Morpho, Gemalto, NEC, Entrust Inc., Broadcom, Fujitsu, VASCO Data Security, HID Global and RSA Security, etc.
The global Multifactor 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
Gemalto
NEC
Entrust Inc.
Broadcom
Fujitsu
VASCO Data Security
HID Global
RSA Security
Symantec Corporation
SecurEnvoy ltd
Crossmatch
Duo Secuirty
Deepnet Security
CensorNet Ltd.
Global Multifactor 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 Multifactor Authentication (MFA) market, Segment by Type:
Two-Factor Authentication
Three-Factor Authentication
Other
Global Multifactor Authentication (MFA) market, by Application
Banking and Finance
Government
Military and Defense
Commercial Security
Consumer Electronics
Healthcare
Other
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 Multifactor 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 Multifactor Authentication (MFA)
1.1 Multifactor Authentication (MFA) Market Overview
1.1.1 Multifactor Authentication (MFA) Product Scope
1.1.2 Multifactor Authentication (MFA) Market Status and Outlook
1.2 Global Multifactor Authentication (MFA) Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Multifactor Authentication (MFA) Market Size by Region (2018-2029)
1.4 Global Multifactor Authentication (MFA) Historic Market Size by Region (2018-2023)
1.5 Global Multifactor Authentication (MFA) Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Multifactor Authentication (MFA) Market Size (2018-2029)
1.6.1 North America Multifactor Authentication (MFA) Market Size (2018-2029)
1.6.2 Europe Multifactor Authentication (MFA) Market Size (2018-2029)
1.6.3 Asia-Pacific Multifactor Authentication (MFA) Market Size (2018-2029)
1.6.4 Latin America Multifactor Authentication (MFA) Market Size (2018-2029)
1.6.5 Middle East & Africa Multifactor Authentication (MFA) Market Size (2018-2029)
2 Multifactor Authentication (MFA) Market by Type
2.1 Introduction
2.1.1 Two-Factor Authentication
2.1.2 Three-Factor Authentication
2.1.3 Other
2.2 Global Multifactor Authentication (MFA) Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Multifactor Authentication (MFA) Historic Market Size by Type (2018-2023)
2.2.2 Global Multifactor Authentication (MFA) Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Multifactor Authentication (MFA) Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Multifactor Authentication (MFA) Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Multifactor Authentication (MFA) Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Multifactor Authentication (MFA) Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Multifactor Authentication (MFA) Revenue Breakdown by Type (2018-2029)
3 Multifactor Authentication (MFA) Market Overview by Application
3.1 Introduction
3.1.1 Banking and Finance
3.1.2 Government
3.1.3 Military and Defense
3.1.4 Commercial Security
3.1.5 Consumer Electronics
3.1.6 Healthcare
3.1.7 Other
3.2 Global Multifactor Authentication (MFA) Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Multifactor Authentication (MFA) Historic Market Size by Application (2018-2023)
3.2.2 Global Multifactor Authentication (MFA) Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Multifactor Authentication (MFA) Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Multifactor Authentication (MFA) Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Multifactor Authentication (MFA) Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Multifactor Authentication (MFA) Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Multifactor Authentication (MFA) Revenue Breakdown by Application (2018-2029)
4 Multifactor Authentication (MFA) Competition Analysis by Players
4.1 Global Multifactor 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 Multifactor Authentication (MFA) as of 2022)
4.3 Date of Key Players Enter into Multifactor Authentication (MFA) Market
4.4 Global Top Players Multifactor Authentication (MFA) Headquarters and Area Served
4.5 Key Players Multifactor Authentication (MFA) Product Solution and Service
4.6 Competitive Status
4.6.1 Multifactor Authentication (MFA) Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Morpho
5.1.1 Morpho Profile
5.1.2 Morpho Main Business
5.1.3 Morpho Multifactor Authentication (MFA) Products, Services and Solutions
5.1.4 Morpho Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.1.5 Morpho Recent Developments
5.2 Gemalto
5.2.1 Gemalto Profile
5.2.2 Gemalto Main Business
5.2.3 Gemalto Multifactor Authentication (MFA) Products, Services and Solutions
5.2.4 Gemalto Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.2.5 Gemalto Recent Developments
5.3 NEC
5.3.1 NEC Profile
5.3.2 NEC Main Business
5.3.3 NEC Multifactor Authentication (MFA) Products, Services and Solutions
5.3.4 NEC Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.3.5 Entrust Inc. Recent Developments
5.4 Entrust Inc.
5.4.1 Entrust Inc. Profile
5.4.2 Entrust Inc. Main Business
5.4.3 Entrust Inc. Multifactor Authentication (MFA) Products, Services and Solutions
5.4.4 Entrust Inc. Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.4.5 Entrust Inc. Recent Developments
5.5 Broadcom
5.5.1 Broadcom Profile
5.5.2 Broadcom Main Business
5.5.3 Broadcom Multifactor Authentication (MFA) Products, Services and Solutions
5.5.4 Broadcom Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.5.5 Broadcom Recent Developments
5.6 Fujitsu
5.6.1 Fujitsu Profile
5.6.2 Fujitsu Main Business
5.6.3 Fujitsu Multifactor Authentication (MFA) Products, Services and Solutions
5.6.4 Fujitsu Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.6.5 Fujitsu Recent Developments
5.7 VASCO Data Security
5.7.1 VASCO Data Security Profile
5.7.2 VASCO Data Security Main Business
5.7.3 VASCO Data Security Multifactor Authentication (MFA) Products, Services and Solutions
5.7.4 VASCO Data Security Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.7.5 VASCO Data Security Recent Developments
5.8 HID Global
5.8.1 HID Global Profile
5.8.2 HID Global Main Business
5.8.3 HID Global Multifactor Authentication (MFA) Products, Services and Solutions
5.8.4 HID Global Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.8.5 HID Global Recent Developments
5.9 RSA Security
5.9.1 RSA Security Profile
5.9.2 RSA Security Main Business
5.9.3 RSA Security Multifactor Authentication (MFA) Products, Services and Solutions
5.9.4 RSA Security Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.9.5 RSA Security Recent Developments
5.10 Symantec Corporation
5.10.1 Symantec Corporation Profile
5.10.2 Symantec Corporation Main Business
5.10.3 Symantec Corporation Multifactor Authentication (MFA) Products, Services and Solutions
5.10.4 Symantec Corporation Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.10.5 Symantec Corporation Recent Developments
5.11 SecurEnvoy ltd
5.11.1 SecurEnvoy ltd Profile
5.11.2 SecurEnvoy ltd Main Business
5.11.3 SecurEnvoy ltd Multifactor Authentication (MFA) Products, Services and Solutions
5.11.4 SecurEnvoy ltd Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.11.5 SecurEnvoy ltd Recent Developments
5.12 Crossmatch
5.12.1 Crossmatch Profile
5.12.2 Crossmatch Main Business
5.12.3 Crossmatch Multifactor Authentication (MFA) Products, Services and Solutions
5.12.4 Crossmatch Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.12.5 Crossmatch Recent Developments
5.13 Duo Secuirty
5.13.1 Duo Secuirty Profile
5.13.2 Duo Secuirty Main Business
5.13.3 Duo Secuirty Multifactor Authentication (MFA) Products, Services and Solutions
5.13.4 Duo Secuirty Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.13.5 Duo Secuirty Recent Developments
5.14 Deepnet Security
5.14.1 Deepnet Security Profile
5.14.2 Deepnet Security Main Business
5.14.3 Deepnet Security Multifactor Authentication (MFA) Products, Services and Solutions
5.14.4 Deepnet Security Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.14.5 Deepnet Security Recent Developments
5.15 CensorNet Ltd.
5.15.1 CensorNet Ltd. Profile
5.15.2 CensorNet Ltd. Main Business
5.15.3 CensorNet Ltd. Multifactor Authentication (MFA) Products, Services and Solutions
5.15.4 CensorNet Ltd. Multifactor Authentication (MFA) Revenue (US$ Million) & (2018-2023)
5.15.5 CensorNet Ltd. Recent Developments
6 North America
6.1 North America Multifactor Authentication (MFA) Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Multifactor 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 Multifactor 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 Multifactor 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 Multifactor 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 Multifactor Authentication (MFA) Market Dynamics
11.1 Multifactor Authentication (MFA) Industry Trends
11.2 Multifactor Authentication (MFA) Market Drivers
11.3 Multifactor Authentication (MFA) Market Challenges
11.4 Multifactor 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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