Multifactor Authentication (MFA) Market, Global Outlook and Forecast 2024-2030

Multifactor Authentication (MFA) Market, Global Outlook and Forecast 2024-2030

Report Code: KNJ1749041 | No. of Pages: 121 | Category: Services
Publisher: Market Monitor Global | Date of Publish: Feb-2024 
This research report provides a comprehensive analysis of the Multifactor Authentication (MFA) market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Multifactor Authentication (MFA) market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Multifactor Authentication (MFA), challenges faced by the industry, and potential opportunities for market players.
The global Multifactor Authentication (MFA) market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Multifactor Authentication (MFA) market presents opportunities for various stakeholders, including Banking and Finance, Government. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Multifactor Authentication (MFA) market. Additionally, the growing consumer demand present avenues for market expansion.
The global Multifactor Authentication (MFA) market was valued at US$ 12110 million in 2023 and is projected to reach US$ 18970 million by 2030, at a CAGR of 6.5% during the forecast 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.
Key Features:
The research report on the Multifactor Authentication (MFA) market includes several key features to provide comprehensive insights and facilitate decision-making for stakeholders.
Executive Summary: The report provides overview of the key findings, market trends, and major insights of the Multifactor Authentication (MFA) market.
Market Overview: The report provides a comprehensive overview of the Multifactor Authentication (MFA) market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., Two-Factor Authentication, Three-Factor Authentication), region, and application, highlighting the key drivers, challenges, and opportunities within each segment.
Market Dynamics: The report analyses the market dynamics driving the growth and development of the Multifactor Authentication (MFA) market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the Multifactor Authentication (MFA) market's trajectory.
Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the Multifactor Authentication (MFA) market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments. 
Market Segmentation and Forecast: The report segment the Multifactor Authentication (MFA) market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.
Technological Trends: The report should highlight the key technological trends shaping the Multifactor Authentication (MFA) market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.
Market Challenges and Opportunities: The report identify and analyses the major challenges faced by the Multifactor Authentication (MFA) market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.
Regulatory and Policy Analysis: The report should assess the regulatory and policy landscape for Multifactor Authentication (MFA), including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.
Recommendations and Conclusion: The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the Multifactor Authentication (MFA) market.
Supporting Data and Appendices: The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.
Market Segmentation
Multifactor Authentication (MFA) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
    Two-Factor Authentication
    Three-Factor Authentication
    Other
Market segment by Application
    Banking and Finance
    Government
    Military and Defense
    Commercial Security
    Consumer Electronics
    Healthcare
    Other
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
Major players covered
    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.
1 Introduction to Research & Analysis Reports
    1.1 Multifactor Authentication (MFA) Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Multifactor Authentication (MFA) Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Multifactor Authentication (MFA) Overall Market Size
    2.1 Global Multifactor Authentication (MFA) Market Size: 2023 VS 2030
    2.2 Global Multifactor Authentication (MFA) Market Size, Prospects & Forecasts: 2019-2030
    2.3 Key Market Trends, Opportunity, Drivers and Restraints
        2.3.1 Market Opportunities & Trends
        2.3.2 Market Drivers
        2.3.3 Market Restraints
3 Company Landscape
    3.1 Top Multifactor Authentication (MFA) Players in Global Market
    3.2 Top Global Multifactor Authentication (MFA) Companies Ranked by Revenue
    3.3 Global Multifactor Authentication (MFA) Revenue by Companies
    3.4 Top 3 and Top 5 Multifactor Authentication (MFA) Companies in Global Market, by Revenue in 2023
    3.5 Global Companies Multifactor Authentication (MFA) Product Type
    3.6 Tier 1, Tier 2 and Tier 3 Multifactor Authentication (MFA) Players in Global Market
        3.6.1 List of Global Tier 1 Multifactor Authentication (MFA) Companies
        3.6.2 List of Global Tier 2 and Tier 3 Multifactor Authentication (MFA) Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Multifactor Authentication (MFA) Market Size Markets, 2023 & 2030
        4.1.2 Two-Factor Authentication
        4.1.3 Three-Factor Authentication
        4.1.4 Other
    4.2 By Type - Global Multifactor Authentication (MFA) Revenue & Forecasts
        4.2.1 By Type - Global Multifactor Authentication (MFA) Revenue, 2019-2024
        4.2.2 By Type - Global Multifactor Authentication (MFA) Revenue, 2025-2030
        4.2.3 By Type - Global Multifactor Authentication (MFA) Revenue Market Share, 2019-2030
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Multifactor Authentication (MFA) Market Size, 2023 & 2030
        5.1.2 Banking and Finance
        5.1.3 Government
        5.1.4 Military and Defense
        5.1.5 Commercial Security
        5.1.6 Consumer Electronics
        5.1.7 Healthcare
        5.1.8 Other
    5.2 By Application - Global Multifactor Authentication (MFA) Revenue & Forecasts
        5.2.1 By Application - Global Multifactor Authentication (MFA) Revenue, 2019-2024
        5.2.2 By Application - Global Multifactor Authentication (MFA) Revenue, 2025-2030
        5.2.3 By Application - Global Multifactor Authentication (MFA) Revenue Market Share, 2019-2030
6 Sights by Region
    6.1 By Region - Global Multifactor Authentication (MFA) Market Size, 2023 & 2030
    6.2 By Region - Global Multifactor Authentication (MFA) Revenue & Forecasts
        6.2.1 By Region - Global Multifactor Authentication (MFA) Revenue, 2019-2024
        6.2.2 By Region - Global Multifactor Authentication (MFA) Revenue, 2025-2030
        6.2.3 By Region - Global Multifactor Authentication (MFA) Revenue Market Share, 2019-2030
    6.3 North America
        6.3.1 By Country - North America Multifactor Authentication (MFA) Revenue, 2019-2030
        6.3.2 US Multifactor Authentication (MFA) Market Size, 2019-2030
        6.3.3 Canada Multifactor Authentication (MFA) Market Size, 2019-2030
        6.3.4 Mexico Multifactor Authentication (MFA) Market Size, 2019-2030
    6.4 Europe
        6.4.1 By Country - Europe Multifactor Authentication (MFA) Revenue, 2019-2030
        6.4.2 Germany Multifactor Authentication (MFA) Market Size, 2019-2030
        6.4.3 France Multifactor Authentication (MFA) Market Size, 2019-2030
        6.4.4 U.K. Multifactor Authentication (MFA) Market Size, 2019-2030
        6.4.5 Italy Multifactor Authentication (MFA) Market Size, 2019-2030
        6.4.6 Russia Multifactor Authentication (MFA) Market Size, 2019-2030
        6.4.7 Nordic Countries Multifactor Authentication (MFA) Market Size, 2019-2030
        6.4.8 Benelux Multifactor Authentication (MFA) Market Size, 2019-2030
    6.5 Asia
        6.5.1 By Region - Asia Multifactor Authentication (MFA) Revenue, 2019-2030
        6.5.2 China Multifactor Authentication (MFA) Market Size, 2019-2030
        6.5.3 Japan Multifactor Authentication (MFA) Market Size, 2019-2030
        6.5.4 South Korea Multifactor Authentication (MFA) Market Size, 2019-2030
        6.5.5 Southeast Asia Multifactor Authentication (MFA) Market Size, 2019-2030
        6.5.6 India Multifactor Authentication (MFA) Market Size, 2019-2030
    6.6 South America
        6.6.1 By Country - South America Multifactor Authentication (MFA) Revenue, 2019-2030
        6.6.2 Brazil Multifactor Authentication (MFA) Market Size, 2019-2030
        6.6.3 Argentina Multifactor Authentication (MFA) Market Size, 2019-2030
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Multifactor Authentication (MFA) Revenue, 2019-2030
        6.7.2 Turkey Multifactor Authentication (MFA) Market Size, 2019-2030
        6.7.3 Israel Multifactor Authentication (MFA) Market Size, 2019-2030
        6.7.4 Saudi Arabia Multifactor Authentication (MFA) Market Size, 2019-2030
        6.7.5 UAE Multifactor Authentication (MFA) Market Size, 2019-2030
7 Multifactor Authentication (MFA) Companies Profiles
    7.1 Morpho
        7.1.1 Morpho Company Summary
        7.1.2 Morpho Business Overview
        7.1.3 Morpho Multifactor Authentication (MFA) Major Product Offerings
        7.1.4 Morpho Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.1.5 Morpho Key News & Latest Developments
    7.2 Gemalto
        7.2.1 Gemalto Company Summary
        7.2.2 Gemalto Business Overview
        7.2.3 Gemalto Multifactor Authentication (MFA) Major Product Offerings
        7.2.4 Gemalto Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.2.5 Gemalto Key News & Latest Developments
    7.3 NEC
        7.3.1 NEC Company Summary
        7.3.2 NEC Business Overview
        7.3.3 NEC Multifactor Authentication (MFA) Major Product Offerings
        7.3.4 NEC Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.3.5 NEC Key News & Latest Developments
    7.4 Entrust Inc.
        7.4.1 Entrust Inc. Company Summary
        7.4.2 Entrust Inc. Business Overview
        7.4.3 Entrust Inc. Multifactor Authentication (MFA) Major Product Offerings
        7.4.4 Entrust Inc. Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.4.5 Entrust Inc. Key News & Latest Developments
    7.5 Broadcom
        7.5.1 Broadcom Company Summary
        7.5.2 Broadcom Business Overview
        7.5.3 Broadcom Multifactor Authentication (MFA) Major Product Offerings
        7.5.4 Broadcom Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.5.5 Broadcom Key News & Latest Developments
    7.6 Fujitsu
        7.6.1 Fujitsu Company Summary
        7.6.2 Fujitsu Business Overview
        7.6.3 Fujitsu Multifactor Authentication (MFA) Major Product Offerings
        7.6.4 Fujitsu Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.6.5 Fujitsu Key News & Latest Developments
    7.7 VASCO Data Security
        7.7.1 VASCO Data Security Company Summary
        7.7.2 VASCO Data Security Business Overview
        7.7.3 VASCO Data Security Multifactor Authentication (MFA) Major Product Offerings
        7.7.4 VASCO Data Security Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.7.5 VASCO Data Security Key News & Latest Developments
    7.8 HID Global
        7.8.1 HID Global Company Summary
        7.8.2 HID Global Business Overview
        7.8.3 HID Global Multifactor Authentication (MFA) Major Product Offerings
        7.8.4 HID Global Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.8.5 HID Global Key News & Latest Developments
    7.9 RSA Security
        7.9.1 RSA Security Company Summary
        7.9.2 RSA Security Business Overview
        7.9.3 RSA Security Multifactor Authentication (MFA) Major Product Offerings
        7.9.4 RSA Security Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.9.5 RSA Security Key News & Latest Developments
    7.10 Symantec Corporation
        7.10.1 Symantec Corporation Company Summary
        7.10.2 Symantec Corporation Business Overview
        7.10.3 Symantec Corporation Multifactor Authentication (MFA) Major Product Offerings
        7.10.4 Symantec Corporation Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.10.5 Symantec Corporation Key News & Latest Developments
    7.11 SecurEnvoy ltd
        7.11.1 SecurEnvoy ltd Company Summary
        7.11.2 SecurEnvoy ltd Business Overview
        7.11.3 SecurEnvoy ltd Multifactor Authentication (MFA) Major Product Offerings
        7.11.4 SecurEnvoy ltd Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.11.5 SecurEnvoy ltd Key News & Latest Developments
    7.12 Crossmatch
        7.12.1 Crossmatch Company Summary
        7.12.2 Crossmatch Business Overview
        7.12.3 Crossmatch Multifactor Authentication (MFA) Major Product Offerings
        7.12.4 Crossmatch Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.12.5 Crossmatch Key News & Latest Developments
    7.13 Duo Secuirty
        7.13.1 Duo Secuirty Company Summary
        7.13.2 Duo Secuirty Business Overview
        7.13.3 Duo Secuirty Multifactor Authentication (MFA) Major Product Offerings
        7.13.4 Duo Secuirty Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.13.5 Duo Secuirty Key News & Latest Developments
    7.14 Deepnet Security
        7.14.1 Deepnet Security Company Summary
        7.14.2 Deepnet Security Business Overview
        7.14.3 Deepnet Security Multifactor Authentication (MFA) Major Product Offerings
        7.14.4 Deepnet Security Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.14.5 Deepnet Security Key News & Latest Developments
    7.15 CensorNet Ltd.
        7.15.1 CensorNet Ltd. Company Summary
        7.15.2 CensorNet Ltd. Business Overview
        7.15.3 CensorNet Ltd. Multifactor Authentication (MFA) Major Product Offerings
        7.15.4 CensorNet Ltd. Multifactor Authentication (MFA) Revenue in Global Market (2019-2024)
        7.15.5 CensorNet Ltd. Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

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