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PUBLISHER: Grand View Research | PRODUCT CODE: 1404874

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PUBLISHER: Grand View Research | PRODUCT CODE: 1404874

Multi-factor Authentication Market Size, Share & Trends Analysis Report By Model, By Application (BFSI, Healthcare, Government and Defense, Travel and Immigration, Retail), By Region, And Segment Forecasts, 2023 - 2030

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Multi-factor Authentication Market Growth & Trends:

The global multi-factor authentication market size is expected to reach USD 41.29 billion by 2030, registering a CAGR of 14.2% during the forecast period, according to a new report by Grand View Research, Inc. Increasing implementation of BYOD and cloud-based services across enterprises, along with the growing security regulations and mandates, is benefiting market growth.

Multi-factor authentication is an emerging category of the identity access management that involves use of multiple methods of authentication to verify a user's identity. Authentication of user identity ensures secure online transactions, log on to online services, and access to corporate resources. Compromised credentials are the main cause of data breaches. Multi-factor authentication is used by organizations to implement an additional layer of security that requires users to authenticate via knowledge, possession, and inherence factors to gain access to corporate and social networks.

Advancements in biometric technologies, hardware and software applications, and cloud-based authentication services are projected to provide extensive growth opportunities to the market. However, issues related to cost and complexity involved in implementing MFA solutions and the ever-changing security regulations and compliances are expected to restrain market growth.

Multi-factor Authentication Market Report Highlights:

  • North America and Europe were the key revenue contributors in 2022. The key factors contributing to the growth of the regions are advanced infrastructure and accelerated adoption of smart devices
  • The two factor authentication model will continue to dominate the market until 2030, representing more than 76.6% of the overall revenue.
  • The four factor authentication model is anticipated to exhibit the highest CAGR of close to 18.6% over the forecast period
  • The BFSI sector will be the most prominent application segment during the forecast period, followed by retail and e-commerce.
  • The Asia Pacific market is estimated to post a CAGR of about 15.4% over the forecast period
  • Increasing investments in cloud technologies, BYOD, and mobility solutions are poised to provide a fillip to the multi-factor authentication market.
Product Code: GVR-2-68038-330-0

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
    • 1.1.1. Model
    • 1.1.2. Application
    • 1.1.3. Regional scope
    • 1.1.4. Estimates and forecast timeline
  • 1.2. Research Methodology
  • 1.3. Information Procurement
    • 1.3.1. Purchased database
    • 1.3.2. GVR's internal database
    • 1.3.3. Secondary sources
    • 1.3.4. Primary research
    • 1.3.5. Details of primary research
  • 1.4. Information or Data Analysis
  • 1.5. Market Formulation & Validation
  • 1.6. Model Details
  • 1.7. List of Secondary Sources
  • 1.8. List of Primary Sources
  • 1.9. Objectives

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segment Outlook
    • 2.2.1. Model outlook
    • 2.2.2. Application outlook
    • 2.2.3. Regional outlook
  • 2.3. Competitive Insights

Chapter 3. Multi-factor Authentication Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Industry Value Chain Analysis
  • 3.3. Market Dynamics
    • 3.3.1. Market driver analysis
    • 3.3.2. Market restraint analysis
    • 3.3.3. Market opportunity analysis
  • 3.4. Multi-factor Authentication Market Analysis Tools
    • 3.4.1. Industry analysis - Porter's
      • 3.4.1.1. Supplier power
      • 3.4.1.2. Buyer power
      • 3.4.1.3. Substitution threat
      • 3.4.1.4. Threat of new entrant
      • 3.4.1.5. Competitive rivalry
    • 3.4.2. PESTEL analysis
      • 3.4.2.1. Political landscape
      • 3.4.2.2. Technological landscape
      • 3.4.2.3. Economic landscape

Chapter 4. Multi-factor Authentication Market: Model Estimates & Trend Analysis

  • 4.1. Multi-factor Authentication Market: Key Takeaways
  • 4.2. Multi-factor Authentication Market: Movement & Market Share Analysis, 2022 & 2030
  • 4.3. Two Factor Authentication
    • 4.3.1. Two factor authentication market estimates and forecasts, 2017 to 2030 (USD Million)
  • 4.4. Three Factor Authentication
    • 4.4.1. Three factor authentication market estimates and forecasts, 2017 to 2030 (USD Million)
  • 4.5. Four Factor Authentication
    • 4.5.1. Four factor authentication market estimates and forecasts, 2017 to 2030 (USD Million)
  • 4.6. Five Factor Authentication
    • 4.6.1. Five factor authentication market estimates and forecasts, 2017 to 2030 (USD Million)

Chapter 5. Multi-factor Authentication Market: Application Estimates & Trend Analysis

  • 5.1. Multi-factor Authentication Market: Key Takeaways
  • 5.2. Multi-factor Authentication Market: Movement & Market Share Analysis, 2022 & 2030
  • 5.3. BFSI
    • 5.3.1. BFSI market estimates and forecasts, 2017 to 2030 (USD Million)
  • 5.4. Government & Defense
    • 5.4.1. Government & defense market estimates and forecasts, 2017 to 2030 (USD Million)
  • 5.5. Healthcare
    • 5.5.1. Healthcare market estimates and forecasts, 2017 to 2030 (USD Million)
  • 5.6. Travel & Immigration
    • 5.6.1. Travel & immigration market estimates and forecasts, 2017 to 2030 (USD Million)
  • 5.7. Retail & E-commerce
    • 5.7.1. Retail & e-commerce market estimates and forecasts, 2017 to 2030 (USD Million)
  • 5.8. Others
    • 5.8.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)

Chapter 6. Multi-factor Authentication Market: Regional Estimates & Trend Analysis

  • 6.1. Regional Outlook
  • 6.2. Multi-factor Authentication Market by Region: Key Takeaway
  • 6.3. North America
    • 6.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.3.2. U.S.
      • 6.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.3.3. Canada
      • 6.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 6.4. Europe
    • 6.4.1. UK
      • 6.4.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.4.2. Germany
      • 6.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.4.3. France
      • 6.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 6.5. Asia Pacific
    • 6.5.1. Japan
      • 6.5.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.5.2. China
      • 6.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.5.3. India
      • 6.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.5.4. Australia
      • 6.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.5.5. South Korea
      • 6.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 6.6. Latin America
    • 6.6.1. Brazil
      • 6.6.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.6.2. Mexico
      • 6.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 6.7. MEA
    • 6.7.1. Saudi Arabia
      • 6.7.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.7.2. South Africa
      • 6.7.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 6.7.3. UAE
      • 6.7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)

Chapter 7. Competitive Landscape

  • 7.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 7.2. Market Participant Categorization
    • 7.2.1. Vasco Data Security International, Inc.
      • 7.2.1.1. Company overview
      • 7.2.1.2. Financial performance
      • 7.2.1.3. Product benchmarking
      • 7.2.1.4. Strategic initiatives
    • 7.2.2. RSA Security LLC
      • 7.2.2.1. Company overview
      • 7.2.2.2. Financial performance
      • 7.2.2.3. Product benchmarking
      • 7.2.2.4. Strategic initiatives
    • 7.2.3. Fujitsu America, Inc.
      • 7.2.3.1. Company overview
      • 7.2.3.2. Financial performance
      • 7.2.3.3. Product benchmarking
      • 7.2.3.4. Strategic initiatives
    • 7.2.4. NEC Corporation
      • 7.2.4.1. Company overview
      • 7.2.4.2. Financial performance
      • 7.2.4.3. Product benchmarking
      • 7.2.4.4. Strategic initiatives
    • 7.2.5. Symantec Corporation
      • 7.2.5.1. Company overview
      • 7.2.5.2. Financial performance
      • 7.2.5.3. Product benchmarking
      • 7.2.5.4. Strategic initiatives
    • 7.2.6. Thales
      • 7.2.6.1. Company overview
      • 7.2.6.2. Financial performance
      • 7.2.6.3. Product benchmarking
      • 7.2.6.4. Strategic initiatives
    • 7.2.7. 3M
      • 7.2.7.1. Company overview
      • 7.2.7.2. Financial performance
      • 7.2.7.3. Product benchmarking
      • 7.2.7.4. Strategic initiatives
    • 7.2.8. aPersona, Inc.
      • 7.2.8.1. Company overview
      • 7.2.8.2. Financial performance
      • 7.2.8.3. Product benchmarking
      • 7.2.8.4. Strategic initiatives
    • 7.2.9. CA Technologies.
      • 7.2.9.1. Company overview
      • 7.2.9.2. Financial performance
      • 7.2.9.3. Product benchmarking
      • 7.2.9.4. Strategic initiatives
    • 7.2.10. Safran S.A.
      • 7.2.10.1. Company overview
      • 7.2.10.2. Financial performance
      • 7.2.10.3. Product benchmarking
      • 7.2.10.4. Strategic initiatives
Product Code: GVR-2-68038-330-0

List of Tables

  • Table 1 List of abbreviation
  • Table 2 North America multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 3 North America multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 4 North America multi-factor authentication market, by region, 2017 to 2030 (USD Million)
  • Table 5 U.S. multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 6 U.S. multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 7 Canada multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 8 Canada multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 9 Europe multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 10 Europe multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 11 Europe multi-factor authentication market, by region, 2017 to 2030 (USD Million)
  • Table 12 Germany multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 13 Germany multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 14 UK multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 15 UK multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 16 France multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 17 France multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 18 Asia Pacific multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 19 Asia Pacific multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 20 Asia Pacific multi-factor authentication market, by region, 2017 to 2030 (USD Million)
  • Table 21 China multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 22 China multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 23 Japan multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 24 Japan multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 25 India multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 26 India multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 27 Australia multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 28 Australia multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 29 South Korea multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 30 South Korea multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 31 Latin America multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 32 Latin America multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 33 Latin America multi-factor authentication market, by region, 2017 to 2030 (USD Million)
  • Table 34 Brazil multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 35 Brazil multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 36 Mexico multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 37 Mexico multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 38 Middle East and Africa multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 39 Middle East and Africa multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 40 Middle East and Africa multi-factor authentication market, by region, 2017 to 2030 (USD Million)
  • Table 41 South Africa multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 42 South Africa multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 43 Saudi Arabia multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 44 Saudi Arabia multi-factor authentication market, by application, 2017 - 2030 (USD Million)
  • Table 45 UAE multi-factor authentication market, by model, 2017 - 2030 (USD Million)
  • Table 46 UAE multi-factor authentication market, by application, 2017 - 2030 (USD Million)

List of Figures

  • Fig. 1 Market research process
  • Fig. 2 Data triangulation techniques
  • Fig. 3 Primary research pattern
  • Fig. 4 Market research approaches
  • Fig. 5 Value-chain-based sizing & forecasting
  • Fig. 6 QFD modeling for market share assessment
  • Fig. 7 Market formulation & validation
  • Fig. 8 Multi-factor authentication: Market outlook
  • Fig. 9 Multi-factor authentication: Competitive insights
  • Fig. 10 Parent market outlook
  • Fig. 11 Related/ancillary market outlook
  • Fig. 12 Penetration and growth prospect mapping
  • Fig. 13 Industry value chain analysis
  • Fig. 14 Multi-factor authentication market driver impact
  • Fig. 15 Multi-factor authentication market restraint impact
  • Fig. 16 Multi-factor authentication market strategic initiatives analysis
  • Fig. 17 Multi-factor authentication market: Model movement analysis
  • Fig. 18 Multi-factor authentication market: Model outlook and key takeaways
  • Fig. 19 Two factor authentication market estimates and forecasts, 2017 - 2030
  • Fig. 20 Three factor authentication market estimates and forecasts, 2017 - 2030
  • Fig. 21 Four factor authentication market estimates and forecasts, 2017 - 2030
  • Fig. 22 Five factor authentication market estimates and forecasts, 2017 - 2030
  • Fig. 23 Multi-factor authentication market: Application movement analysis
  • Fig. 24 Multi-factor authentication market: Application outlook and key takeaways
  • Fig. 25 BFSI market estimates and forecasts, 2017 - 2030
  • Fig. 26 Government & defense market estimates and forecasts, 2017 - 2030
  • Fig. 27 Healthcare market estimates and forecasts, 2017 - 2030
  • Fig. 28 Travel & immigration market estimates and forecasts, 2017 - 2030
  • Fig. 29 Retail & e-commerce market estimates and forecasts, 2017 - 2030
  • Fig. 30 Others market estimates and forecasts, 2017 - 2030
  • Fig. 31 Global multi-factor authentication market: Regional movement analysis
  • Fig. 32 Global multi-factor authentication market: Regional outlook and key takeaways
  • Fig. 33 North America market estimates and forecasts, 2017 - 2030
  • Fig. 34 U.S. market estimates and forecasts, 2017 - 2030
  • Fig. 35 Canada market estimates and forecasts, 2017 - 2030
  • Fig. 36 Europe market estimates and forecasts, 2017 - 2030
  • Fig. 37 UK market estimates and forecasts, 2017 - 2030
  • Fig. 38 Germany market estimates and forecasts, 2017 - 2030
  • Fig. 39 France market estimates and forecasts, 2017 - 2030
  • Fig. 40 Asia Pacific market estimates and forecasts, 2017 - 2030
  • Fig. 41 Japan market estimates and forecasts, 2017 - 2030
  • Fig. 42 China market estimates and forecasts, 2017 - 2030
  • Fig. 43 India market estimates and forecasts, 2017 - 2030
  • Fig. 44 Australia market estimates and forecasts, 2017 - 2030
  • Fig. 45 South Korea market estimates and forecasts, 2017 - 2030
  • Fig. 46 Latin America market estimates and forecasts, 2017 - 2030
  • Fig. 47 Brazil market estimates and forecasts, 2017 - 2030
  • Fig. 48 Mexico market estimates and forecasts, 2017 - 2030
  • Fig. 49 Middle East and Africa market estimates and forecasts, 2017 - 2030
  • Fig. 50 Saudi Arabia market estimates and forecasts, 2017 - 2030
  • Fig. 51 South Africa market estimates and forecasts, 2017 - 2030
  • Fig. 52 UAE market estimates and forecasts, 2017 - 2030
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Manager - Americas

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