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Multifactor Authentication Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

  • ID: 4852205
  • Report
  • January 2022
  • Region: Global
  • 159 Pages
  • Transparency Market Research

FEATURED COMPANIES

  • Broadcom
  • Duo Security
  • HID Global
  • Microsoft
  • OneLogin
  • Oracle
A new study on the global multifactor authentication market is published by the author. It presents detailed information on key market dynamics, including drivers, trends, and challenges for the global multifactor authentication market as well as its structure. This study offers valuable information on the global multifactor authentication market in order to illustrate how the market is expected to expand during the forecast period, i.e., 2021-2031.



Key indicators of market growth, which include value chain analysis and compound annual growth rate (CAGR), are elucidated in this study in a comprehensive manner. This data can help readers interpret the quantitative growth aspects of the global multifactor authentication market.

An extensive analysis of business strategies adopted by leading market players is also featured in this study on the global multifactor authentication market. This can help readers understand key factors responsible for expansion of the global multifactor authentication market. In this study, readers can also find specific data on avenues for qualitative and quantitative expansion of the global multifactor authentication market. This data would guide market players in making apt decisions in the near future.

Key Questions Answered in this Study on Multifactor Authentication Market

  • What would be the Y-o-Y growth trend of the global multifactor authentication market between 2020 and 2030?
  • What is the influence of changing trends in the application segment on the global multifactor authentication market?
  • Would North America continue to be the most dominant regional market for providers of multifactor authentication in the next few years?
  • Which factors would hinder the global multifactor authentication market during the forecast period?
  • Which are the leading companies operating in the global multifactor authentication market?

Research Methodology


A unique research methodology is utilized to conduct comprehensive research on the global multifactor authentication market and arrive at conclusions on future growth prospects for the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the conclusions drawn.

Secondary research sources referred to by analysts during production of the report on the global multifactor authentication market include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and market white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who have contributed to production of this study on the global multifactor authentication market as a primary research source.

These primary and secondary sources provided exclusive information during interviews, which served as a validation from leading players operating in the global multifactor authentication market. Access to an extensive internal repository as well as external proprietary databases allowed this report to address specific details and questions about the global multifactor authentication market with accuracy. The study also uses a top-down approach to assess the numbers for each segment and a bottom-up approach to counter-validate them. This has helped in making estimates on future prospects for the global multifactor authentication market more reliable and accurate.
Frequently Asked Questions about the Global Multifactor Authentication Market

What is the estimated value of the Global Multifactor Authentication Market?

The Global Multifactor Authentication Market was estimated to be valued at $10.3 Billion in 2021.

What is the growth rate of the Global Multifactor Authentication Market?

The growth rate of the Global Multifactor Authentication Market is 16.0%, with an estimated value of $51.4 Billion by 2031.

What is the forecasted size of the Global Multifactor Authentication Market?

The Global Multifactor Authentication Market is estimated to be worth $51.4 Billion by 2031.

Who are the key companies in the Global Multifactor Authentication Market?

Key companies in the Global Multifactor Authentication Market include Thales Group, Micro Focus, Broadcom, Microsoft, OneSpan, Okta, RSA Security, Duo Security and HID Global.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Broadcom
  • Duo Security
  • HID Global
  • Microsoft
  • OneLogin
  • Oracle

1. Preface
1.1. Market Introduction
1.2. Market and Segments Definition
1.3. Market Taxonomy
1.4. Research Methodology
1.5. Assumption and Acronyms
2. Executive Summary
2.1. Global Multifactor Authentication Market Analysis and Forecast
2.2. Regional Outline
2.3. Market Dynamics Snapshot
2.4. Competition Blueprint
3. Market Dynamics
3.1. Macro-economic Factors
3.2. Key Market Indicator
3.3. Drivers
3.3.1. Economic Drivers
3.3.2. Supply Side Drivers
3.3.3. Demand Side Drivers
3.4. Market Restraints and Opportunities
3.5. Market Trends
3.5.1. Demand Side
3.5.2. Supply Side
4. Associated Industry and Key Indicator Assessment
4.1. Parent Industry Overview- Authentication Service Market
4.2. Supply Chain Analysis
4.3. Technology Roadmap Analysis
4.4. Industry SWOT Analysis
4.5. Porter Five Forces Analysis
4.6. Impact of Covid-19 Pandemic
5. Global Multifactor Authentication Market Analysis, by Authentication Type
5.1. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Authentication Type, 2017?2031
5.1.1. Password Authentication
5.1.2. Passwordless Authentication
5.2. Market Attractiveness Analysis, by Authentication Type
6. Global Multifactor Authentication Market Analysis, by Model Type
6.1. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Model Type, 2017?2031
6.1.1. Two Factor Authentication
6.1.2. Three Factor Authentication
6.1.3. Four Factor Authentication
6.1.4. Five Factor Authentication
6.2. Market Attractiveness Analysis, by Model Type
7. Global Multifactor Authentication Market Analysis, by Component
7.1. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Component, 2017?2031
7.1.1. Solutions
7.1.2. Hardware
7.1.3. Services
7.2. Market Attractiveness Analysis, by Component
8. Global Multifactor Authentication Market Analysis, by End-use
8.1. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by End-use, 2017?2031
8.1.1. IT & Telecommunication
8.1.2. BFSI
8.1.3. Retail
8.1.4. Healthcare
8.1.5. Others (Media & Entertainment, e- Commerce, etc.)
8.2. Market Attractiveness Analysis, by End-use
9. Global Multifactor Authentication Market Analysis and Forecast, by Region
9.1. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Region, 2017 - 2031
9.1.1. North America
9.1.2. Europe
9.1.3. Asia Pacific
9.1.4. Middle East & Africa
9.1.5. South America
9.2. Market Attractiveness Analysis, by Region
10. North America Multifactor Authentication Market Analysis and Forecast
10.1. Drivers and Restraints: Impact Analysis
10.2. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Authentication Type, 2017?2031
10.2.1. Password Authentication
10.2.2. Passwordless Authentication
10.3. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Model Type, 2017?2031
10.3.1. Two Factor Authentication
10.3.2. Three Factor Authentication
10.3.3. Four Factor Authentication
10.3.4. Five Factor Authentication
10.4. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Component, 2017?2031
10.4.1. Solutions
10.4.2. Hardware
10.4.3. Services
10.5. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by End-use, 2017?2031
10.5.1. IT & Telecommunication
10.5.2. BFSI
10.5.3. Retail
10.5.4. Healthcare
10.5.5. Others (Media & Entertainment, e- Commerce, etc.)
10.6. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Country, 2017 - 2031
10.6.1. U.S.
10.6.2. Canada
10.6.3. Rest of North America
10.7. Market Attractiveness Analysis
10.7.1. By Authentication Type
10.7.2. By Model Type
10.7.3. By Component
10.7.4. By End-use
10.7.5. By Country
11. Europe Multifactor Authentication Market Analysis and Forecast
11.1. Drivers and Restraints: Impact Analysis
11.2. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Authentication Type, 2017?2031
11.2.1. Password Authentication
11.2.2. Passwordless Authentication
11.3. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Model Type, 2017?2031
11.3.1. Two Factor Authentication
11.3.2. Three Factor Authentication
11.3.3. Four Factor Authentication
11.3.4. Five Factor Authentication
11.4. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Component, 2017?2031
11.4.1. Solutions
11.4.2. Hardware
11.4.3. Services
11.5. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by End-use, 2017?2031
11.5.1. IT & Telecommunication
11.5.2. BFSI
11.5.3. Retail
11.5.4. Healthcare
11.5.5. Others (Media & Entertainment, e- Commerce, etc.)
11.6. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017?2031
11.6.1. U.K.
11.6.2. Germany
11.6.3. France
11.6.4. Italy
11.6.5. Russia
11.6.6. Rest of Europe
11.7. Market Attractiveness Analysis
11.7.1. By Authentication Type
11.7.2. By Model Type
11.7.3. By Component
11.7.4. By End-use
11.7.5. By Country & Sub-region
12. Asia Pacific Multifactor Authentication Market Analysis and Forecast
12.1. Drivers and Restraints: Impact Analysis
12.2. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Authentication Type, 2017?2031
12.2.1. Password Authentication
12.2.2. Passwordless Authentication
12.3. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Model Type, 2017?2031
12.3.1. Two Factor Authentication
12.3.2. Three Factor Authentication
12.3.3. Four Factor Authentication
12.3.4. Five Factor Authentication
12.4. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Component, 2017?2031
12.4.1. Solutions
12.4.2. Hardware
12.4.3. Services
12.5. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by End-use, 2017?2031
12.5.1. IT & Telecommunication
12.5.2. BFSI
12.5.3. Retail
12.5.4. Healthcare
12.5.5. Others (Media & Entertainment, e- Commerce, etc.)
12.6. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017?2031
12.6.1. China
12.6.2. India
12.6.3. Japan
12.6.4. South Korea
12.6.5. ASEAN
12.6.6. Rest of Asia Pacific
12.7. Market Attractiveness Analysis
12.7.1. By Authentication Type
12.7.2. By Model Type
12.7.3. By Component
12.7.4. By End-use
12.7.5. By Country & Sub-region
13. Middle East & Africa (MEA) Multifactor Authentication Market Analysis and Forecast
13.1. Drivers and Restraints: Impact Analysis
13.2. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Authentication Type, 2017?2031
13.2.1. Password Authentication
13.2.2. Passwordless Authentication
13.3. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Model Type, 2017?2031
13.3.1. Two Factor Authentication
13.3.2. Three Factor Authentication
13.3.3. Four Factor Authentication
13.3.4. Five Factor Authentication
13.4. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Component, 2017?2031
13.4.1. Solutions
13.4.2. Hardware
13.4.3. Services
13.5. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by End-use, 2017?2031
13.5.1. IT & Telecommunication
13.5.2. BFSI
13.5.3. Retail
13.5.4. Healthcare
13.5.5. Others (Media & Entertainment, e- Commerce, etc.)
13.6. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017?2031
13.6.1. GCC
13.6.2. South Africa
13.6.3. Rest of Middle East & Africa
13.7. Market Attractiveness Analysis
13.7.1. By Authentication Type
13.7.2. By Model Type
13.7.3. By Component
13.7.4. By End-use
13.7.5. By Country & Sub-region
14. South America Multifactor Authentication Market Analysis and Forecast
14.1. Drivers and Restraints: Impact Analysis
14.2. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Authentication Type, 2017?2031
14.2.1. Password Authentication
14.2.2. Passwordless Authentication
14.3. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Model Type, 2017?2031
14.3.1. Two Factor Authentication
14.3.2. Three Factor Authentication
14.3.3. Four Factor Authentication
14.3.4. Five Factor Authentication
14.4. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Component, 2017?2031
14.4.1. Solutions
14.4.2. Hardware
14.4.3. Services
14.5. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by End-use, 2017?2031
14.5.1. IT & Telecommunication
14.5.2. BFSI
14.5.3. Retail
14.5.4. Healthcare
14.5.5. Others (Media & Entertainment, e- Commerce, etc.)
14.6. Multifactor Authentication Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017?2031
14.6.1. Brazil
14.6.2. Rest of South America
14.7. Market Attractiveness Analysis
14.7.1. By Authentication Type
14.7.2. By Model Type
14.7.3. By Component
14.7.4. By End-use
14.7.5. By Country & Sub-region
15. Competition Assessment
15.1. Global Multifactor Authentication Market Competition Matrix - a Dashboard View
15.1.1. Global Multifactor Authentication Market Company Share Analysis, by Value (2020)
15.1.2. Technological Differentiator
16. Company Profiles (Global Manufacturers/Suppliers)
16.1. Thales Group
16.1.1. Overview
16.1.2. Product Portfolio
16.1.3. Sales Footprint
16.1.4. Key Subsidiaries or Distributors
16.1.5. Strategy and Recent Developments
16.1.6. Key Financials
16.1.7. Covid-19 Impact
16.2. Micro Focus
16.2.1. Overview
16.2.2. Product Portfolio
16.2.3. Sales Footprint
16.2.4. Key Subsidiaries or Distributors
16.2.5. Strategy and Recent Developments
16.2.6. Key Financials
16.2.7. Covid-19 Impact
16.3. Broadcom
16.3.1. Overview
16.3.2. Product Portfolio
16.3.3. Sales Footprint
16.3.4. Key Subsidiaries or Distributors
16.3.5. Strategy and Recent Developments
16.3.6. Key Financials
16.3.7. Covid-19 Impact
16.4. Microsoft
16.4.1. Overview
16.4.2. Product Portfolio
16.4.3. Sales Footprint
16.4.4. Key Subsidiaries or Distributors
16.4.5. Strategy and Recent Developments
16.4.6. Key Financials
16.4.7. Covid-19 Impact
16.5. OneSpan
16.5.1. Overview
16.5.2. Product Portfolio
16.5.3. Sales Footprint
16.5.4. Key Subsidiaries or Distributors
16.5.5. Strategy and Recent Developments
16.5.6. Key Financials
16.5.7. Covid-19 Impact
16.6. Okta
16.6.1. Overview
16.6.2. Product Portfolio
16.6.3. Sales Footprint
16.6.4. Key Subsidiaries or Distributors
16.6.5. Strategy and Recent Developments
16.6.6. Key Financials
16.6.7. Covid-19 Impact
16.7. RSA Security
16.7.1. Overview
16.7.2. Product Portfolio
16.7.3. Sales Footprint
16.7.4. Key Subsidiaries or Distributors
16.7.5. Strategy and Recent Developments
16.7.6. Key Financials
16.7.7. Covid-19 Impact
16.8. Duo Security
16.8.1. Overview
16.8.2. Product Portfolio
16.8.3. Sales Footprint
16.8.4. Key Subsidiaries or Distributors
16.8.5. Strategy and Recent Developments
16.8.6. Key Financials
16.8.7. Covid-19 Impact
16.9. Ping Identity
16.9.1. Overview
16.9.2. Product Portfolio
16.9.3. Sales Footprint
16.9.4. Key Subsidiaries or Distributors
16.9.5. Strategy and Recent Developments
16.9.6. Key Financials
16.9.7. Covid-19 Impact
16.10. HID Global
16.10.1. Overview
16.10.2. Product Portfolio
16.10.3. Sales Footprint
16.10.4. Key Subsidiaries or Distributors
16.10.5. Strategy and Recent Developments
16.10.6. Key Financials
16.10.7. Covid-19 Impact
16.11. ForgeRock
16.11.1. Overview
16.11.2. Product Portfolio
16.11.3. Sales Footprint
16.11.4. Key Subsidiaries or Distributors
16.11.5. Strategy and Recent Developments
16.11.6. Key Financials
16.11.7. Covid-19 Impact
16.12. CyberArk
16.12.1. Overview
16.12.2. Product Portfolio
16.12.3. Sales Footprint
16.12.4. Key Subsidiaries or Distributors
16.12.5. Strategy and Recent Developments
16.12.6. Key Financials
16.12.7. Covid-19 Impact
16.13. OneLogin
16.13.1. Overview
16.13.2. Product Portfolio
16.13.3. Sales Footprint
16.13.4. Key Subsidiaries or Distributors
16.13.5. Strategy and Recent Developments
16.13.6. Key Financials
16.13.7. Covid-19 Impact
16.14. SecureAuth
16.14.1. Overview
16.14.2. Product Portfolio
16.14.3. Sales Footprint
16.14.4. Key Subsidiaries or Distributors
16.14.5. Strategy and Recent Developments
16.14.6. Key Financials
16.14.7. Covid-19 Impact
16.15. Oracle
16.15.1. Overview
16.15.2. Product Portfolio
16.15.3. Sales Footprint
16.15.4. Key Subsidiaries or Distributors
16.15.5. Strategy and Recent Developments
16.15.6. Key Financials
16.15.7. Covid-19 Impact
16.16. Salesforce
16.16.1. Overview
16.16.2. Product Portfolio
16.16.3. Sales Footprint
16.16.4. Key Subsidiaries or Distributors
16.16.5. Strategy and Recent Developments
16.16.6. Key Financials
16.16.7. Covid-19 Impact
17. Recommendation
17.1. Opportunity Assessment
17.1.1. By Authentication Type
17.1.2. By Model Type
17.1.3. By Component
17.1.4. By End-use
17.1.5. By Country
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Thales Group
  • Micro Focus
  • Broadcom
  • Microsoft
  • OneSpan
  • Okta
  • RSA Security
  • Duo Security
  • Ping Identity
  • HID Global
  • ForgeRock
  • CyberArk
  • OneLogin
  • SecureAuth
  • Oracle
  • Salesforce
Note: Product cover images may vary from those shown