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The multi-factor authentication market is forecasted to grow by USD 38.97 billion during 2023-2028, accelerating at a CAGR of 28.83% during the forecast period. The report on the multi-factor authentication market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in volume of online transactions, high-level security provided by hardware otp tokens, and adherence to compliance mandates.
The multi-factor authentication market is segmented as below:
By Component
- Services
- Products
By Deployment
- On-premises
- Cloud
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the multi-factor authentication market covers the following areas:
- Multi-factor authentication market sizing
- Multi-factor authentication market forecast
- Multi-factor authentication market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global multi-factor authentication market: Beyond Identity Inc., Broadcom Inc., Duo Security Inc., Entrust Corp., FEITIAN Technologies Co. Ltd., Frontegg, Fujitsu Ltd., FusionAuth, Giesecke Devrient GmbH, HID Global Corp., Microsoft Corp., NEC Corp., Okta Inc., OneSpan Inc., Quest Software Inc., RSA Security LLC, SecureAuth Corp., Thales Group, TransUnion, and Yubico AB.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is introduction of out-of-band (oob) authentication."
According to the report, one of the major drivers for this market is the increase in volume of online transactions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Beyond Identity Inc.
- Broadcom Inc.
- Duo Security Inc.
- Entrust Corp.
- FEITIAN Technologies Co. Ltd.
- Frontegg
- Fujitsu Ltd.
- FusionAuth
- Giesecke Devrient GmbH
- HID Global Corp.
- Microsoft Corp.
- NEC Corp.
- Okta Inc.
- OneSpan Inc.
- Quest Software Inc.
- RSA Security LLC
- SecureAuth Corp.
- Thales Group
- TransUnion
- Yubico AB
