Report overview
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 Multi Factor Authentication System, 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 Multi Factor Authentication System. This report contains market size and forecasts of Multi Factor Authentication System in global, including the following market information:
Global Multi Factor Authentication System Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global top five companies in 2022 (%)
The global Multi Factor Authentication System market was valued at US$ 13210 million in 2022 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.
We surveyed the Multi Factor Authentication System 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 System Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Multi Factor Authentication System Market Segment Percentages, by Type, 2022 (%)
Two Factor
Three Factor
Four Factor
Five Factor
Global Multi Factor Authentication System Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Multi Factor Authentication System Market Segment Percentages, by Application, 2022 (%)
Government
Military & Defense
Healthcare
Automotive
BFSI
Consumer Electronics
Others
Global Multi Factor Authentication System Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Multi Factor Authentication System Market Segment Percentages, By Region and Country, 2022 (%)
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 System revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Multi Factor Authentication System revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Thales Group
Daon
Assa Abloy(HID Global)
NEC Technologies
Suprema
Safran
CA Technologies
OneSpan
Fujitsu
RSA Security
M2SYS Technology
BIO-key International
Outline of Major Chapters:
Chapter 1: Introduces the definition of Multi Factor Authentication System, market overview.
Chapter 2: Global Multi Factor Authentication System market size in revenue.
Chapter 3: Detailed analysis of Multi Factor Authentication System 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 Multi Factor Authentication System 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.
