Multi-Factor Authentication (MFA) Industry Research Report 2024

Multi-Factor Authentication (MFA) Industry Research Report 2024


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.

According to APO Research, The global Multi-Factor Authentication (MFA) market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

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.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Multi-Factor Authentication (MFA), 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 (MFA).

The Multi-Factor Authentication (MFA) market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Multi-Factor Authentication (MFA) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

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) segment by Type
Two-Factor Authentication
Three-Factor Authentication
Others

Multi-Factor Authentication (MFA) Segment by Application
Banking and Finance
Government
Travel and Immigration
Military and Defense
Commercial Security
Consumer Electronics
Healthcare
Others

Multi-Factor Authentication (MFA) Segment by Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Multi-Factor Authentication (MFA) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Multi-Factor Authentication (MFA) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Multi-Factor Authentication (MFA).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments 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 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Multi-Factor Authentication (MFA) companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
Chapter 13: The main points and conclusions of the report.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Multi-Factor Authentication (MFA) by Type
2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030)
2.2.2 Two-Factor Authentication
2.2.3 Three-Factor Authentication
2.2.4 Others
2.3 Multi-Factor Authentication (MFA) by Application
2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030)
2.3.2 Banking and Finance
2.3.3 Government
2.3.4 Travel and Immigration
2.3.5 Military and Defense
2.3.6 Commercial Security
2.3.7 Consumer Electronics
2.3.8 Healthcare
2.3.9 Others
2.4 Assumptions and Limitations
3 Multi-Factor Authentication (MFA) Breakdown Data by Type
3.1 Global Multi-Factor Authentication (MFA) Historic Market Size by Type (2019-2024)
3.2 Global Multi-Factor Authentication (MFA) Forecasted Market Size by Type (2025-2030)
4 Multi-Factor Authentication (MFA) Breakdown Data by Application
4.1 Global Multi-Factor Authentication (MFA) Historic Market Size by Application (2019-2024)
4.2 Global Multi-Factor Authentication (MFA) Forecasted Market Size by Application (2019-2024)
5 Global Growth Trends
5.1 Global Multi-Factor Authentication (MFA) Market Perspective (2019-2030)
5.2 Global Multi-Factor Authentication (MFA) Growth Trends by Region
5.2.1 Global Multi-Factor Authentication (MFA) Market Size by Region: 2019 VS 2023 VS 2030
5.2.2 Multi-Factor Authentication (MFA) Historic Market Size by Region (2019-2024)
5.2.3 Multi-Factor Authentication (MFA) Forecasted Market Size by Region (2025-2030)
5.3 Multi-Factor Authentication (MFA) Market Dynamics
5.3.1 Multi-Factor Authentication (MFA) Industry Trends
5.3.2 Multi-Factor Authentication (MFA) Market Drivers
5.3.3 Multi-Factor Authentication (MFA) Market Challenges
5.3.4 Multi-Factor Authentication (MFA) Market Restraints
6 Market Competitive Landscape by Players
6.1 Global Top Multi-Factor Authentication (MFA) Players by Revenue
6.1.1 Global Top Multi-Factor Authentication (MFA) Players by Revenue (2019-2024)
6.1.2 Global Multi-Factor Authentication (MFA) Revenue Market Share by Players (2019-2024)
6.2 Global Multi-Factor Authentication (MFA) Industry Players Ranking, 2022 VS 2023 VS 2024
6.3 Global Key Players of Multi-Factor Authentication (MFA) Head office and Area Served
6.4 Global Multi-Factor Authentication (MFA) Players, Product Type & Application
6.5 Global Multi-Factor Authentication (MFA) Players, Date of Enter into This Industry
6.6 Global Multi-Factor Authentication (MFA) Market CR5 and HHI
6.7 Global Players Mergers & Acquisition
7 North America
7.1 North America Multi-Factor Authentication (MFA) Market Size (2019-2030)
7.2 North America Multi-Factor Authentication (MFA) Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 North America Multi-Factor Authentication (MFA) Market Size by Country (2019-2024)
7.4 North America Multi-Factor Authentication (MFA) Market Size by Country (2025-2030)
7.5 United States
7.6 Canada
8 Europe
8.1 Europe Multi-Factor Authentication (MFA) Market Size (2019-2030)
8.2 Europe Multi-Factor Authentication (MFA) Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Europe Multi-Factor Authentication (MFA) Market Size by Country (2019-2024)
8.4 Europe Multi-Factor Authentication (MFA) Market Size by Country (2025-2030)
8.5 Germany
8.6 France
8.7 U.K.
8.8 Italy
8.9 Russia
8.10 Nordic Countries
9 Asia-Pacific
9.1 Asia-Pacific Multi-Factor Authentication (MFA) Market Size (2019-2030)
9.2 Asia-Pacific Multi-Factor Authentication (MFA) Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Asia-Pacific Multi-Factor Authentication (MFA) Market Size by Country (2019-2024)
9.4 Asia-Pacific Multi-Factor Authentication (MFA) Market Size by Country (2025-2030)
9.5 China
9.6 Japan
9.7 South Korea
9.8 Southeast Asia
9.9 India
9.10 Australia
10 Latin America
10.1 Latin America Multi-Factor Authentication (MFA) Market Size (2019-2030)
10.2 Latin America Multi-Factor Authentication (MFA) Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Latin America Multi-Factor Authentication (MFA) Market Size by Country (2019-2024)
10.4 Latin America Multi-Factor Authentication (MFA) Market Size by Country (2025-2030)
10.5 Mexico
10.6 Brazil
11 Middle East & Africa
11.1 Middle East & Africa Multi-Factor Authentication (MFA) Market Size (2019-2030)
11.2 Middle East & Africa Multi-Factor Authentication (MFA) Market Growth Rate by Country: 2019 VS 2023 VS 2030
11.3 Middle East & Africa Multi-Factor Authentication (MFA) Market Size by Country (2019-2024)
11.4 Middle East & Africa Multi-Factor Authentication (MFA) Market Size by Country (2025-2030)
11.5 Turkey
11.6 Saudi Arabia
11.7 UAE
12 Players Profiled
12.1 Morpho (France)
12.1.1 Morpho (France) Company Information
12.1.2 Morpho (France) Business Overview
12.1.3 Morpho (France) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.1.4 Morpho (France) Multi-Factor Authentication (MFA) Product Portfolio
12.1.5 Morpho (France) Recent Developments
12.2 Gemalto (Netherlands)
12.2.1 Gemalto (Netherlands) Company Information
12.2.2 Gemalto (Netherlands) Business Overview
12.2.3 Gemalto (Netherlands) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.2.4 Gemalto (Netherlands) Multi-Factor Authentication (MFA) Product Portfolio
12.2.5 Gemalto (Netherlands) Recent Developments
12.3 NEC (Japan)
12.3.1 NEC (Japan) Company Information
12.3.2 NEC (Japan) Business Overview
12.3.3 NEC (Japan) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.3.4 NEC (Japan) Multi-Factor Authentication (MFA) Product Portfolio
12.3.5 NEC (Japan) Recent Developments
12.4 Entrust Inc. (US)
12.4.1 Entrust Inc. (US) Company Information
12.4.2 Entrust Inc. (US) Business Overview
12.4.3 Entrust Inc. (US) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.4.4 Entrust Inc. (US) Multi-Factor Authentication (MFA) Product Portfolio
12.4.5 Entrust Inc. (US) Recent Developments
12.5 Broadcom
12.5.1 Broadcom Company Information
12.5.2 Broadcom Business Overview
12.5.3 Broadcom Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.5.4 Broadcom Multi-Factor Authentication (MFA) Product Portfolio
12.5.5 Broadcom Recent Developments
12.6 Fujitsu (Japan)
12.6.1 Fujitsu (Japan) Company Information
12.6.2 Fujitsu (Japan) Business Overview
12.6.3 Fujitsu (Japan) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.6.4 Fujitsu (Japan) Multi-Factor Authentication (MFA) Product Portfolio
12.6.5 Fujitsu (Japan) Recent Developments
12.7 VASCO Data Security (US)
12.7.1 VASCO Data Security (US) Company Information
12.7.2 VASCO Data Security (US) Business Overview
12.7.3 VASCO Data Security (US) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.7.4 VASCO Data Security (US) Multi-Factor Authentication (MFA) Product Portfolio
12.7.5 VASCO Data Security (US) Recent Developments
12.8 HID Global (US)
12.8.1 HID Global (US) Company Information
12.8.2 HID Global (US) Business Overview
12.8.3 HID Global (US) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.8.4 HID Global (US) Multi-Factor Authentication (MFA) Product Portfolio
12.8.5 HID Global (US) Recent Developments
12.9 RSA Security (US)
12.9.1 RSA Security (US) Company Information
12.9.2 RSA Security (US) Business Overview
12.9.3 RSA Security (US) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.9.4 RSA Security (US) Multi-Factor Authentication (MFA) Product Portfolio
12.9.5 RSA Security (US) Recent Developments
12.10 Symantec Corporation (US)
12.10.1 Symantec Corporation (US) Company Information
12.10.2 Symantec Corporation (US) Business Overview
12.10.3 Symantec Corporation (US) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.10.4 Symantec Corporation (US) Multi-Factor Authentication (MFA) Product Portfolio
12.10.5 Symantec Corporation (US) Recent Developments
12.11 SecurEnvoy ltd (England)
12.11.1 SecurEnvoy ltd (England) Company Information
12.11.2 SecurEnvoy ltd (England) Business Overview
12.11.3 SecurEnvoy ltd (England) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.11.4 SecurEnvoy ltd (England) Multi-Factor Authentication (MFA) Product Portfolio
12.11.5 SecurEnvoy ltd (England) Recent Developments
12.12 Crossmatch (US)
12.12.1 Crossmatch (US) Company Information
12.12.2 Crossmatch (US) Business Overview
12.12.3 Crossmatch (US) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.12.4 Crossmatch (US) Multi-Factor Authentication (MFA) Product Portfolio
12.12.5 Crossmatch (US) Recent Developments
12.13 Duo Secuirty (US)
12.13.1 Duo Secuirty (US) Company Information
12.13.2 Duo Secuirty (US) Business Overview
12.13.3 Duo Secuirty (US) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.13.4 Duo Secuirty (US) Multi-Factor Authentication (MFA) Product Portfolio
12.13.5 Duo Secuirty (US) Recent Developments
12.14 Deepnet Security (England)
12.14.1 Deepnet Security (England) Company Information
12.14.2 Deepnet Security (England) Business Overview
12.14.3 Deepnet Security (England) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.14.4 Deepnet Security (England) Multi-Factor Authentication (MFA) Product Portfolio
12.14.5 Deepnet Security (England) Recent Developments
12.15 CensorNet Ltd. (England)
12.15.1 CensorNet Ltd. (England) Company Information
12.15.2 CensorNet Ltd. (England) Business Overview
12.15.3 CensorNet Ltd. (England) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
12.15.4 CensorNet Ltd. (England) Multi-Factor Authentication (MFA) Product Portfolio
12.15.5 CensorNet Ltd. (England) Recent Developments
13 Report Conclusion
14 Disclaimer

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