The global MultFactor Authentication (MFA) market is expected to grow from USD 1.5 billion in 2017 to USD 3.2 billion by 2030, at a CAGR of 12.6% during the forecast period. The growth of this market can be attributed to the increasing need for security and protection against cyber-attacks and data breaches, which are becoming more sophisticated and frequent with time. The need for MFA is also being driven by the growing adoption of cloud computing services, which require multifactor authentication as an additional layer of security for data access control.
MultFactor Authentication (MFA) Market By Type: TwFactor Authentication, ThreFactor Authentication, MultFactor Authentication (MFA), By Application: Banking and Finance, Government, Travel and Immigration, Military and Defense, Commercial Security And Consumer Electronics And Healthcare.
Some Of The Growth Factors Of This Market:
- The need for MFA is increasing as the number of data breaches increases.
- MFA is a way to protect against phishing and other cyberattacks that use stolen credentials.
- MFA can be used in conjunction with other security measures, such as firewalls, antivirus software, and encryption to provide an additional layer of protection for sensitive data and systems from unauthorized access or malicious attacks.
- The cost of implementing MFA is decreasing due to the availability of low-cost hardware tokens that can be used with mobile devices.
- Organizations are increasingly adopting multi-factor authentication because it provides a more secure environment for their employees.
Industry Growth Insights published a new data on “Multi-Factor Authentication (MFA) Market”. The research report is titled “Multi-Factor Authentication (MFA) Market research by Types (Two-Factor Authentication, Three-Factor Authentication, Other, Multi-Factor Authentication (MFA), By Applications (Banking and Finance, Government, Travel and Immigration, Military and Defense, Commercial Security, Consumer Electronics, Healthcare, Other), By Players/Companies 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), Multi-Factor Authentication (MFA”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi-Factor Authentication (MFA) Market Research Report
By Type
Two-Factor Authentication, Three-Factor Authentication, Other, Multi-Factor Authentication (MFA
By Application
Banking and Finance, Government, Travel and Immigration, Military and Defense, Commercial Security, Consumer Electronics, Healthcare, Other
By Companies
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), Multi-Factor Authentication (MFA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Multi-Factor Authentication (MFA) Market Report Segments:
The global Multi-Factor Authentication (MFA) market is segmented on the basis of:
Types
Two-Factor Authentication, Three-Factor Authentication, Other, Multi-Factor Authentication (MFA
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking and Finance, Government, Travel and Immigration, Military and Defense, Commercial Security, Consumer Electronics, Healthcare, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report 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)
- Multi-Factor Authentication (MFA
 Market Overview.svg)
Highlights of The Multi-Factor Authentication (MFA) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Two-Factor Authentication
- Three-Factor Authentication
- Other
- Multi-Factor Authentication (MFA
- By Application:
- Banking and Finance
- Government
- Travel and Immigration
- Military and Defense
- Commercial Security
- Consumer Electronics
- Healthcare
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Multi-Factor Authentication (MFA) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Multi-factor authentication (MFA) is a security measure that requires two or more factors to be entered in order for someone to gain access to your account. These factors can include a password, a PIN, and an authenticator app like Google Authenticator.
Some of the major companies in the multi-factor authentication (mfa) market 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), Multi-Factor Authentication (MFA.
The multi-factor authentication (mfa) market is expected to grow at a compound annual growth rate of 12.6%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multi-Factor Authentication (MFA) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Multi-Factor Authentication (MFA) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Multi-Factor Authentication (MFA) Market - Supply Chain
4.5. Global Multi-Factor Authentication (MFA) Market Forecast
4.5.1. Multi-Factor Authentication (MFA) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Multi-Factor Authentication (MFA) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Multi-Factor Authentication (MFA) Market Absolute $ Opportunity
5. Global Multi-Factor Authentication (MFA) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Type
5.3.1. Two-Factor Authentication
5.3.2. Three-Factor Authentication
5.3.3. Other
5.3.4. Multi-Factor Authentication (MFA
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Multi-Factor Authentication (MFA) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Application
6.3.1. Banking and Finance
6.3.2. Government
6.3.3. Travel and Immigration
6.3.4. Military and Defense
6.3.5. Commercial Security
6.3.6. Consumer Electronics
6.3.7. Healthcare
6.3.8. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Multi-Factor Authentication (MFA) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Multi-Factor Authentication (MFA) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Multi-Factor Authentication (MFA) Demand Share Forecast, 2019-2026
9. North America Multi-Factor Authentication (MFA) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Application
9.4.1. Banking and Finance
9.4.2. Government
9.4.3. Travel and Immigration
9.4.4. Military and Defense
9.4.5. Commercial Security
9.4.6. Consumer Electronics
9.4.7. Healthcare
9.4.8. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Type
9.7.1. Two-Factor Authentication
9.7.2. Three-Factor Authentication
9.7.3. Other
9.7.4. Multi-Factor Authentication (MFA
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Multi-Factor Authentication (MFA) Demand Share Forecast, 2019-2026
10. Latin America Multi-Factor Authentication (MFA) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Application
10.4.1. Banking and Finance
10.4.2. Government
10.4.3. Travel and Immigration
10.4.4. Military and Defense
10.4.5. Commercial Security
10.4.6. Consumer Electronics
10.4.7. Healthcare
10.4.8. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Type
10.7.1. Two-Factor Authentication
10.7.2. Three-Factor Authentication
10.7.3. Other
10.7.4. Multi-Factor Authentication (MFA
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Multi-Factor Authentication (MFA) Demand Share Forecast, 2019-2026
11. Europe Multi-Factor Authentication (MFA) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Application
11.4.1. Banking and Finance
11.4.2. Government
11.4.3. Travel and Immigration
11.4.4. Military and Defense
11.4.5. Commercial Security
11.4.6. Consumer Electronics
11.4.7. Healthcare
11.4.8. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Type
11.7.1. Two-Factor Authentication
11.7.2. Three-Factor Authentication
11.7.3. Other
11.7.4. Multi-Factor Authentication (MFA
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Multi-Factor Authentication (MFA) Demand Share, 2019-2026
12. Asia Pacific Multi-Factor Authentication (MFA) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Application
12.4.1. Banking and Finance
12.4.2. Government
12.4.3. Travel and Immigration
12.4.4. Military and Defense
12.4.5. Commercial Security
12.4.6. Consumer Electronics
12.4.7. Healthcare
12.4.8. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Type
12.7.1. Two-Factor Authentication
12.7.2. Three-Factor Authentication
12.7.3. Other
12.7.4. Multi-Factor Authentication (MFA
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Multi-Factor Authentication (MFA) Demand Share, 2019-2026
13. Middle East & Africa Multi-Factor Authentication (MFA) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Application
13.4.1. Banking and Finance
13.4.2. Government
13.4.3. Travel and Immigration
13.4.4. Military and Defense
13.4.5. Commercial Security
13.4.6. Consumer Electronics
13.4.7. Healthcare
13.4.8. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Multi-Factor Authentication (MFA) Market Size and Volume Forecast by Type
13.7.1. Two-Factor Authentication
13.7.2. Three-Factor Authentication
13.7.3. Other
13.7.4. Multi-Factor Authentication (MFA
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Multi-Factor Authentication (MFA) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Multi-Factor Authentication (MFA) Market: Market Share Analysis
14.2. Multi-Factor Authentication (MFA) Distributors and Customers
14.3. Multi-Factor Authentication (MFA) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Morpho (France)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Gemalto (Netherlands)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NEC (Japan)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Entrust Inc. (US)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Broadcom
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fujitsu (Japan)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. VASCO Data Security (US)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. HID Global (US)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. RSA Security (US)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Symantec Corporation (US)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SecurEnvoy ltd (England)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Crossmatch (US)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Duo Secuirty (US)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Deepnet Security (England)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. CensorNet Ltd. (England)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Multi-Factor Authentication (MFA
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
