Multi-Factor Authentication Market 2025-2029

The multi-factor authentication market is forecasted to grow by USD 59.44 billion during 2024-2029, accelerating at a CAGR of 33.1% 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.

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 growing adoption of byod among enterprises.

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The multi-factor authentication market is segmented as below:

By Component

Services
Products

By Deployment

On-premises
Cloud

By Product Type

Two-Factor Authentication
Three-Factor Authentication
Others

By End-user

BFSI
IT and telecommunications
Healthcare
Government
Others

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the introduction of out-of-band (OOB) authentication as one of the prime reasons driving the multi-factor authentication market growth during the next few years. Also, emergence of cloud-based multi-factor authentication and increased adoption of unified platforms for authentication purposes will lead to sizable demand in the market.

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

A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading multi-factor authentication market vendors that include 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. Also, the multi-factor authentication market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 primary and secondary research. 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 accurate market growth.

1 Executive Summary

1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Component
Executive Summary - Chart on Market Segmentation by Deployment
Executive Summary - Chart on Market Segmentation by Product Type
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning

2 Market Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis

4 Market Sizing

4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Multi-Factor Authentication Market 2019 - 2023
Historic Market Size - Data Table on Global Multi-Factor Authentication Market 2019 - 2023 ($ million)
5.2 Component segment analysis 2019 - 2023
Historic Market Size - Component Segment 2019 - 2023 ($ million)
5.3 Deployment segment analysis 2019 - 2023
Historic Market Size - Deployment Segment 2019 - 2023 ($ million)
5.4 Product Type segment analysis 2019 - 2023
Historic Market Size - Product Type Segment 2019 - 2023 ($ million)
5.5 End-user segment analysis 2019 - 2023
Historic Market Size - End-user Segment 2019 - 2023 ($ million)
5.6 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.7 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 Impact of AI in the Global Multi-Factor Authentication Market

7 Five Forces Analysis

7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Component

8.1 Market segments
Chart on Component - Market share 2024-2029 (%)
Data Table on Component - Market share 2024-2029 (%)
8.2 Comparison by Component
Chart on Comparison by Component
Data Table on Comparison by Component
8.3 Services - Market size and forecast 2024-2029
Chart on Services - Market size and forecast 2024-2029 ($ million)
Data Table on Services - Market size and forecast 2024-2029 ($ million)
Chart on Services - Year-over-year growth 2024-2029 (%)
Data Table on Services - Year-over-year growth 2024-2029 (%)
8.4 Products - Market size and forecast 2024-2029
Chart on Products - Market size and forecast 2024-2029 ($ million)
Data Table on Products - Market size and forecast 2024-2029 ($ million)
Chart on Products - Year-over-year growth 2024-2029 (%)
Data Table on Products - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Component
Market opportunity by Component ($ million)
Data Table on Market opportunity by Component ($ million)

9 Market Segmentation by Deployment

9.1 Market segments
Chart on Deployment - Market share 2024-2029 (%)
Data Table on Deployment - Market share 2024-2029 (%)
9.2 Comparison by Deployment
Chart on Comparison by Deployment
Data Table on Comparison by Deployment
9.3 On-premises - Market size and forecast 2024-2029
Chart on On-premises - Market size and forecast 2024-2029 ($ million)
Data Table on On-premises - Market size and forecast 2024-2029 ($ million)
Chart on On-premises - Year-over-year growth 2024-2029 (%)
Data Table on On-premises - Year-over-year growth 2024-2029 (%)
9.4 Cloud - Market size and forecast 2024-2029
Chart on Cloud - Market size and forecast 2024-2029 ($ million)
Data Table on Cloud - Market size and forecast 2024-2029 ($ million)
Chart on Cloud - Year-over-year growth 2024-2029 (%)
Data Table on Cloud - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Deployment
Market opportunity by Deployment ($ million)
Data Table on Market opportunity by Deployment ($ million)

10 Market Segmentation by Product Type

10.1 Market segments
Chart on Product Type - Market share 2024-2029 (%)
Data Table on Product Type - Market share 2024-2029 (%)
10.2 Comparison by Product Type
Chart on Comparison by Product Type
Data Table on Comparison by Product Type
10.3 Two-Factor Authentication - Market size and forecast 2024-2029
Chart on Two-Factor Authentication - Market size and forecast 2024-2029 ($ million)
Data Table on Two-Factor Authentication - Market size and forecast 2024-2029 ($ million)
Chart on Two-Factor Authentication - Year-over-year growth 2024-2029 (%)
Data Table on Two-Factor Authentication - Year-over-year growth 2024-2029 (%)
10.4 Three-Factor Authentication - Market size and forecast 2024-2029
Chart on Three-Factor Authentication - Market size and forecast 2024-2029 ($ million)
Data Table on Three-Factor Authentication - Market size and forecast 2024-2029 ($ million)
Chart on Three-Factor Authentication - Year-over-year growth 2024-2029 (%)
Data Table on Three-Factor Authentication - Year-over-year growth 2024-2029 (%)
10.5 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
10.6 Market opportunity by Product Type
Market opportunity by Product Type ($ million)
Data Table on Market opportunity by Product Type ($ million)

11 Market Segmentation by End-user

11.1 Market segments
Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)
11.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
11.3 BFSI - Market size and forecast 2024-2029
Chart on BFSI - Market size and forecast 2024-2029 ($ million)
Data Table on BFSI - Market size and forecast 2024-2029 ($ million)
Chart on BFSI - Year-over-year growth 2024-2029 (%)
Data Table on BFSI - Year-over-year growth 2024-2029 (%)
11.4 IT and telecommunications - Market size and forecast 2024-2029
Chart on IT and telecommunications - Market size and forecast 2024-2029 ($ million)
Data Table on IT and telecommunications - Market size and forecast 2024-2029 ($ million)
Chart on IT and telecommunications - Year-over-year growth 2024-2029 (%)
Data Table on IT and telecommunications - Year-over-year growth 2024-2029 (%)
11.5 Healthcare - Market size and forecast 2024-2029
Chart on Healthcare - Market size and forecast 2024-2029 ($ million)
Data Table on Healthcare - Market size and forecast 2024-2029 ($ million)
Chart on Healthcare - Year-over-year growth 2024-2029 (%)
Data Table on Healthcare - Year-over-year growth 2024-2029 (%)
11.6 Government - Market size and forecast 2024-2029
Chart on Government - Market size and forecast 2024-2029 ($ million)
Data Table on Government - Market size and forecast 2024-2029 ($ million)
Chart on Government - Year-over-year growth 2024-2029 (%)
Data Table on Government - Year-over-year growth 2024-2029 (%)
11.7 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
11.8 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)

12 Customer Landscape

12.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

13 Geographic Landscape

13.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
13.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
13.3 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ million)
Data Table on North America - Market size and forecast 2024-2029 ($ million)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
13.4 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ million)
Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
13.5 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ million)
Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
13.6 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ million)
Data Table on South America - Market size and forecast 2024-2029 ($ million)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
13.7 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
13.8 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
13.9 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ million)
Data Table on China - Market size and forecast 2024-2029 ($ million)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
13.10 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ million)
Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
13.11 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ million)
Data Table on UK - Market size and forecast 2024-2029 ($ million)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
13.12 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ million)
Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
13.13 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ million)
Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
13.14 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
13.15 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ million)
Data Table on France - Market size and forecast 2024-2029 ($ million)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
13.16 South Korea - Market size and forecast 2024-2029
Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Chart on South Korea - Year-over-year growth 2024-2029 (%)
Data Table on South Korea - Year-over-year growth 2024-2029 (%)
13.17 Italy - Market size and forecast 2024-2029
Chart on Italy - Market size and forecast 2024-2029 ($ million)
Data Table on Italy - Market size and forecast 2024-2029 ($ million)
Chart on Italy - Year-over-year growth 2024-2029 (%)
Data Table on Italy - Year-over-year growth 2024-2029 (%)
13.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)

14 Drivers, Challenges, and Opportunity/Restraints

14.1 Market drivers
14.2 Market challenges
14.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
14.4 Market opportunities/restraints

15 Competitive Landscape

15.1 Overview
15.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
15.3 Landscape disruption
Overview on factors of disruption
15.4 Industry risks
Impact of key risks on business

16 Competitive Analysis

16.1 Companies profiled
Companies covered
16.2 Company ranking index
Company ranking index
16.3 Market positioning of companies
Matrix on companies position and classification
16.4 Broadcom Inc.
Broadcom Inc. - Overview
Broadcom Inc. - Business segments
Broadcom Inc. - Key news
Broadcom Inc. - Key offerings
Broadcom Inc. - Segment focus
SWOT
16.5 Entrust Corp.
Entrust Corp. - Overview
Entrust Corp. - Product / Service
Entrust Corp. - Key news
Entrust Corp. - Key offerings
SWOT
16.6 Fujitsu Ltd.
Fujitsu Ltd. - Overview
Fujitsu Ltd. - Business segments
Fujitsu Ltd. - Key news
Fujitsu Ltd. - Key offerings
Fujitsu Ltd. - Segment focus
SWOT
16.7 Giesecke Devrient GmbH
Giesecke Devrient GmbH - Overview
Giesecke Devrient GmbH - Product / Service
Giesecke Devrient GmbH - Key news
Giesecke Devrient GmbH - Key offerings
SWOT
16.8 HID Global Corp.
HID Global Corp. - Overview
HID Global Corp. - Product / Service
HID Global Corp. - Key news
HID Global Corp. - Key offerings
SWOT
16.9 Microsoft Corp.
Microsoft Corp. - Overview
Microsoft Corp. - Business segments
Microsoft Corp. - Key news
Microsoft Corp. - Key offerings
Microsoft Corp. - Segment focus
SWOT
16.10 NEC Corp.
NEC Corp. - Overview
NEC Corp. - Business segments
NEC Corp. - Key news
NEC Corp. - Key offerings
NEC Corp. - Segment focus
SWOT
16.11 Okta Inc.
Okta Inc. - Overview
Okta Inc. - Product / Service
Okta Inc. - Key news
Okta Inc. - Key offerings
SWOT
16.12 OneSpan Inc.
OneSpan Inc. - Overview
OneSpan Inc. - Business segments
OneSpan Inc. - Key news
OneSpan Inc. - Key offerings
OneSpan Inc. - Segment focus
SWOT
16.13 Quest Software Inc.
Quest Software Inc. - Overview
Quest Software Inc. - Product / Service
Quest Software Inc. - Key offerings
SWOT
16.14 RSA Security LLC
RSA Security LLC - Overview
RSA Security LLC - Product / Service
RSA Security LLC - Key offerings
SWOT
16.15 SecureAuth Corp.
SecureAuth Corp. - Overview
SecureAuth Corp. - Product / Service
SecureAuth Corp. - Key offerings
SWOT
16.16 Thales Group
Thales Group - Overview
Thales Group - Business segments
Thales Group - Key news
Thales Group - Key offerings
Thales Group - Segment focus
SWOT
16.17 TransUnion
TransUnion - Overview
TransUnion - Business segments
TransUnion - Key news
TransUnion - Key offerings
TransUnion - Segment focus
SWOT
16.18 Yubico AB
Yubico AB - Overview
Yubico AB - Product / Service
Yubico AB - Key offerings
SWOT

17 Appendix

17.1 Scope of the report
17.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
17.3 Currency conversion rates for US$
Currency conversion rates for US$
17.4 Research methodology
Research methodology
17.5 Data procurement
Information sources
17.6 Data validation
Data validation
17.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
17.8 Data synthesis
Data synthesis
17.9 360 degree market analysis
360 degree market analysis
17.10 List of abbreviations
List of abbreviations

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Component
Exhibits 6: Executive Summary - Chart on Market Segmentation by Deployment
Exhibits 7: Executive Summary - Chart on Market Segmentation by Product Type
Exhibits 8: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 9: Executive Summary - Chart on Incremental Growth
Exhibits 10: Executive Summary - Data Table on Incremental Growth
Exhibits 11: Executive Summary - Chart on Company Market Positioning
Exhibits 12: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 13: Overview on criticality of inputs and factors of differentiation
Exhibits 14: Overview on factors of disruption
Exhibits 15: Impact of drivers and challenges in 2024 and 2029
Exhibits 16: Parent Market
Exhibits 17: Data Table on - Parent Market
Exhibits 18: Market characteristics analysis
Exhibits 19: Value chain analysis
Exhibits 20: Offerings of companies included in the market definition
Exhibits 21: Market segments
Exhibits 22: Chart on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 23: Data Table on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 24: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 25: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 26: Historic Market Size - Data Table on Global Multi-Factor Authentication Market 2019 - 2023 ($ million)
Exhibits 27: Historic Market Size - Component Segment 2019 - 2023 ($ million)
Exhibits 28: Historic Market Size - Deployment Segment 2019 - 2023 ($ million)
Exhibits 29: Historic Market Size - Product Type Segment 2019 - 2023 ($ million)
Exhibits 30: Historic Market Size - End-user Segment 2019 - 2023 ($ million)
Exhibits 31: Historic Market Size - Geography Segment 2019 - 2023 ($ million)
Exhibits 32: Historic Market Size - Country Segment 2019 - 2023 ($ million)
Exhibits 33: Five forces analysis - Comparison between 2024 and 2029
Exhibits 34: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 35: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 36: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 37: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 38: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 39: Chart on Market condition - Five forces 2024 and 2029
Exhibits 40: Chart on Component - Market share 2024-2029 (%)
Exhibits 41: Data Table on Component - Market share 2024-2029 (%)
Exhibits 42: Chart on Comparison by Component
Exhibits 43: Data Table on Comparison by Component
Exhibits 44: Chart on Services - Market size and forecast 2024-2029 ($ million)
Exhibits 45: Data Table on Services - Market size and forecast 2024-2029 ($ million)
Exhibits 46: Chart on Services - Year-over-year growth 2024-2029 (%)
Exhibits 47: Data Table on Services - Year-over-year growth 2024-2029 (%)
Exhibits 48: Chart on Products - Market size and forecast 2024-2029 ($ million)
Exhibits 49: Data Table on Products - Market size and forecast 2024-2029 ($ million)
Exhibits 50: Chart on Products - Year-over-year growth 2024-2029 (%)
Exhibits 51: Data Table on Products - Year-over-year growth 2024-2029 (%)
Exhibits 52: Market opportunity by Component ($ million)
Exhibits 53: Data Table on Market opportunity by Component ($ million)
Exhibits 54: Chart on Deployment - Market share 2024-2029 (%)
Exhibits 55: Data Table on Deployment - Market share 2024-2029 (%)
Exhibits 56: Chart on Comparison by Deployment
Exhibits 57: Data Table on Comparison by Deployment
Exhibits 58: Chart on On-premises - Market size and forecast 2024-2029 ($ million)
Exhibits 59: Data Table on On-premises - Market size and forecast 2024-2029 ($ million)
Exhibits 60: Chart on On-premises - Year-over-year growth 2024-2029 (%)
Exhibits 61: Data Table on On-premises - Year-over-year growth 2024-2029 (%)
Exhibits 62: Chart on Cloud - Market size and forecast 2024-2029 ($ million)
Exhibits 63: Data Table on Cloud - Market size and forecast 2024-2029 ($ million)
Exhibits 64: Chart on Cloud - Year-over-year growth 2024-2029 (%)
Exhibits 65: Data Table on Cloud - Year-over-year growth 2024-2029 (%)
Exhibits 66: Market opportunity by Deployment ($ million)
Exhibits 67: Data Table on Market opportunity by Deployment ($ million)
Exhibits 68: Chart on Product Type - Market share 2024-2029 (%)
Exhibits 69: Data Table on Product Type - Market share 2024-2029 (%)
Exhibits 70: Chart on Comparison by Product Type
Exhibits 71: Data Table on Comparison by Product Type
Exhibits 72: Chart on Two-Factor Authentication - Market size and forecast 2024-2029 ($ million)
Exhibits 73: Data Table on Two-Factor Authentication - Market size and forecast 2024-2029 ($ million)
Exhibits 74: Chart on Two-Factor Authentication - Year-over-year growth 2024-2029 (%)
Exhibits 75: Data Table on Two-Factor Authentication - Year-over-year growth 2024-2029 (%)
Exhibits 76: Chart on Three-Factor Authentication - Market size and forecast 2024-2029 ($ million)
Exhibits 77: Data Table on Three-Factor Authentication - Market size and forecast 2024-2029 ($ million)
Exhibits 78: Chart on Three-Factor Authentication - Year-over-year growth 2024-2029 (%)
Exhibits 79: Data Table on Three-Factor Authentication - Year-over-year growth 2024-2029 (%)
Exhibits 80: Chart on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 81: Data Table on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 82: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibits 83: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibits 84: Market opportunity by Product Type ($ million)
Exhibits 85: Data Table on Market opportunity by Product Type ($ million)
Exhibits 86: Chart on End-user - Market share 2024-2029 (%)
Exhibits 87: Data Table on End-user - Market share 2024-2029 (%)
Exhibits 88: Chart on Comparison by End-user
Exhibits 89: Data Table on Comparison by End-user
Exhibits 90: Chart on BFSI - Market size and forecast 2024-2029 ($ million)
Exhibits 91: Data Table on BFSI - Market size and forecast 2024-2029 ($ million)
Exhibits 92: Chart on BFSI - Year-over-year growth 2024-2029 (%)
Exhibits 93: Data Table on BFSI - Year-over-year growth 2024-2029 (%)
Exhibits 94: Chart on IT and telecommunications - Market size and forecast 2024-2029 ($ million)
Exhibits 95: Data Table on IT and telecommunications - Market size and forecast 2024-2029 ($ million)
Exhibits 96: Chart on IT and telecommunications - Year-over-year growth 2024-2029 (%)
Exhibits 97: Data Table on IT and telecommunications - Year-over-year growth 2024-2029 (%)
Exhibits 98: Chart on Healthcare - Market size and forecast 2024-2029 ($ million)
Exhibits 99: Data Table on Healthcare - Market size and forecast 2024-2029 ($ million)
Exhibits 100: Chart on Healthcare - Year-over-year growth 2024-2029 (%)
Exhibits 101: Data Table on Healthcare - Year-over-year growth 2024-2029 (%)
Exhibits 102: Chart on Government - Market size and forecast 2024-2029 ($ million)
Exhibits 103: Data Table on Government - Market size and forecast 2024-2029 ($ million)
Exhibits 104: Chart on Government - Year-over-year growth 2024-2029 (%)
Exhibits 105: Data Table on Government - Year-over-year growth 2024-2029 (%)
Exhibits 106: Chart on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 107: Data Table on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 108: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibits 109: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibits 110: Market opportunity by End-user ($ million)
Exhibits 111: Data Table on Market opportunity by End-user ($ million)
Exhibits 112: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 113: Chart on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 114: Data Table on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 115: Chart on Geographic comparison
Exhibits 116: Data Table on Geographic comparison
Exhibits 117: Chart on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 118: Data Table on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 119: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibits 120: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibits 121: Chart on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 122: Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 123: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 124: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 125: Chart on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 126: Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 127: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 128: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 129: Chart on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 130: Data Table on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 131: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibits 132: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibits 133: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 134: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 135: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 136: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 137: Chart on US - Market size and forecast 2024-2029 ($ million)
Exhibits 138: Data Table on US - Market size and forecast 2024-2029 ($ million)
Exhibits 139: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibits 140: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibits 141: Chart on China - Market size and forecast 2024-2029 ($ million)
Exhibits 142: Data Table on China - Market size and forecast 2024-2029 ($ million)
Exhibits 143: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibits 144: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibits 145: Chart on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 146: Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 147: Chart on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 148: Data Table on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 149: Chart on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 150: Data Table on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 151: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibits 152: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibits 153: Chart on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 154: Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 155: Chart on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 156: Data Table on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 157: Chart on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 158: Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 159: Chart on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 160: Data Table on Japan - Year-over-year growth 2024-2029 (%)

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

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€2227EUR$2,500USD£1,938GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€3563EUR$4,000USD£3,101GBP

The multi-factor authentication market is segmented as below:

By Component

By Deployment

By Product Type

By End-user

By Geographical Landscape

The report on the multi-factor authentication market covers the following areas:

Table of Contents

Executive Summary

Companies Mentioned (Partial List)

Related Topics

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