Global Multifactor Authentication Market Growth (Status and Outlook) 2023-2029

Global Multifactor Authentication Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Multifactor Authentication Industry Forecast” looks at past sales and reviews total world Multifactor Authentication sales in 2022, providing a comprehensive analysis by region and market sector of projected Multifactor Authentication sales for 2023 through 2029. With Multifactor Authentication sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Multifactor Authentication industry.

This Insight Report provides a comprehensive analysis of the global Multifactor Authentication landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Multifactor Authentication portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Multifactor Authentication market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Multifactor Authentication and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Multifactor Authentication.

The global Multifactor Authentication market size is projected to grow from US$ 12560 million in 2022 to US$ 19460 million in 2029; it is expected to grow at a CAGR of 6.5% from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Multifactor Authentication market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Two-Factor
Three-Factor
Four-Factor
Five-Factor

Segmentation by application
Financial Services
Administrative
Media
Entertainment
Telecommunications
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
SAFRAN
NEC
3M
GEMALTO
RSA SECURITY
HID GLOBAL
Broadcom
FUJITSU
VASCO DATA SECURITY INTERNATIONAL
SUPREMA HQ
CROSSMATCH

Please note: The report will take approximately 2 business days to prepare and deliver.