PUBLISHER: The Business Research Company | PRODUCT CODE: 1873047
PUBLISHER: The Business Research Company | PRODUCT CODE: 1873047
Quantum-safe multi-factor authentication (MFA) is a robust security solution that protects access using multiple authentication factors combined with quantum-resistant cryptography. It safeguards sensitive digital assets and networks from both traditional cyberattacks and emerging quantum-based threats. Quantum-safe multi-factor authentication employs quantum-safe encryption to ensure authentication remains secure even against future quantum-enabled attacks.
The primary components of quantum-safe multi-factor authentication include hardware, software, and services. Hardware consists of physical devices used for secure authentication, such as tokens, smart cards, and biometric devices. The deployment modes include on-premises and cloud, with various authentication methods such as biometric, password-based, token-based, smart card, and others. It is used by organizations of different sizes, including small and medium enterprises (SMEs) and large enterprises, to protect sensitive data, and serves key end-users such as banking, financial services, and insurance (BFSI), healthcare, government, information technology (IT) and telecommunications, retail, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the information technology sector, particularly in hardware manufacturing, data infrastructure, and software deployment. Higher duties on imported semiconductors, circuit boards, and networking equipment have raised production and operational costs for tech firms, cloud service providers, and data centers. Companies relying on globally sourced components for laptops, servers, and consumer electronics are facing longer lead times and increased pricing pressures. In parallel, tariffs on specialized software tools and retaliatory measures from key international markets have disrupted global IT supply chains and reduced overseas demand for U.S.-developed technologies. To navigate these challenges, the sector is accelerating investments in domestic chip fabrication, diversifying supplier bases, and adopting AI-driven automation to enhance operational resilience and cost efficiency.
The quantum-safe multi-factor authentication market research report is one of a series of new reports from The Business Research Company that provides quantum-safe multi-factor authentication market statistics, including quantum-safe multi-factor authentication industry global market size, regional shares, competitors with a quantum-safe multi-factor authentication market share, detailed quantum-safe multi-factor authentication market segments, market trends and opportunities, and any further data you may need to thrive in the quantum-safe multi-factor authentication industry. The quantum-safe multi-factor authentication market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The quantum-safe multi-factor authentication market size has grown exponentially in recent years. It will grow from $1.46 billion in 2024 to $1.77 billion in 2025 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to regulatory compliance requirements, rising adoption of encryption solutions, an increase in identity theft incidents, growth in enterprise security budgets, and implementation of government cybersecurity policies.
The quantum-safe multi-factor authentication market size is expected to see exponential growth in the next few years. It will grow to $3.77 billion in 2029 at a compound annual growth rate (CAGR) of 20.8%. The growth in the forecast period can be attributed to rising quantum computing threats, integration of AI-based authentication, expansion of IoT and connected devices, demand for passwordless authentication solutions, and increasing adoption in the financial services sector. Key trends in the forecast period include growing use of biometric authentication, development of decentralized identity solutions, integration with blockchain technology, rise of passwordless multi-factor authentication, and expansion of quantum-resistant cryptographic algorithms.
The growing cyber threats are expected to accelerate the growth of the quantum-safe multi-factor authentication market. Cyber threats refer to malicious actions or tools designed to steal, damage, or disrupt computer systems, networks, or data. The rise in cyber threats is driven by the rapid increase in internet-connected devices, which expands the attack surface and provides more opportunities for cybercriminals to exploit vulnerabilities, making networks and systems more vulnerable to breaches and attacks. Quantum-safe multi-factor authentication helps mitigate these risks by using quantum-resistant cryptography to protect sensitive data from future threats, while incorporating multiple verification factors to prevent unauthorized access and ensure strong protection for digital identities and critical systems across networks. For example, in November 2024, the Australian Signals Directorate reported that the Australian Cyber Security Centre (ASD) received over 36,700 calls to its Cyber Security Hotline in FY 2023-24, a 12% increase from the previous year, and addressed more than 1,100 cyber security incidents, highlighting the persistent targeting of Australian systems and the ongoing risks to critical networks. As a result, the increasing cyber threats are driving the growth of the quantum-safe multi-factor authentication market.
Companies in the quantum-safe multi-factor authentication market are focusing on developing advanced solutions, such as professional-grade authentication methods, to enhance security against emerging cyber threats. A professional-grade authentication method is a high-security system designed for enterprise or critical applications that integrates multiple factors to prevent unauthorized access. These systems use advanced technologies, including quantum-resistant cryptography, AI analytics, and hardware-based security, to provide robust, scalable protection for sensitive digital assets. For instance, in September 2023, Google LLC, a US-based technology company, introduced quantum-safe security keys as part of its Cloud Key Management Service (Cloud KMS). This professional-grade authentication method incorporates quantum-safe digital signatures compliant with National Institute of Standards and Technology (NIST) post-quantum cryptography standards (FIPS 204 and FIPS 205). This solution aims to protect data against potential future quantum computing threats that could break existing encryption methods, allowing enterprises to test and integrate quantum-resistant cryptographic signatures today. Google's approach includes both software and hardware support, migration paths for existing keys, and open-source implementations to ensure transparency and secure transitions to quantum-safe encryption.
In November 2024, SEALSQ Corp., a Switzerland-based provider of post-quantum cryptography (PQC) hardware and software solutions, partnered with WISeKey International Holding Ltd. to enhance quantum-safe authentication and secure IoT solutions. This collaboration aims to integrate AI into post-quantum semiconductors and predictive IoT technologies, improving cybersecurity, protecting digital identities, and ensuring secure operations across global networks. WISeKey International Holding Ltd. is also based in Switzerland and offers cybersecurity, digital identity, and IoT platform solutions.
Major players in the quantum-safe multi-factor authentication market are Microsoft Corporation, International Business Machines Corporation (IBM), Thales S.A., Infineon Technologies AG, Kudelski SA, Entrust Corporation, OneSpan Inc., MagTek Inc., Futurex Inc., SEALSQ Corporation, QuintessenceLabs Pty Ltd, SSH Communications Security Oyj, Wultra s.r.o., evolutionQ Inc., Qusecure Ltd, PQShield Ltd, Cryptonext Security SAS, Post-Quantum Ltd, Crypto Quantique Ltd, Quantum Xchange LLC.
North America was the largest region in the quantum-safe multi-factor authentication market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in quantum-safe multi-factor authentication report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the quantum-safe multi-factor authentication market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The quantum-safe multi-factor authentication market consists of revenues earned by entities by providing services such as biometric authentication, push notification authentication, managed security services, and identity and access management. The market value includes the value of related goods sold by the service provider or included within the service offering. The quantum-safe multi-factor authentication market also includes sales of hardware security modules, trusted platform modules, one-time password (OTP) generators, and mobile hardware tokens. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Quantum-Safe Multi-Factor Authentication Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on quantum-safe multi-factor authentication market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for quantum-safe multi-factor authentication ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The quantum-safe multi-factor authentication market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.