Product Code: IFT261A
Highlights:
The global multi-factor authentication market should reach $29.1 billion by 2027 from $13.9 billion in 2022 at a compound annual growth rate (CAGR) of 15.9% for the forecast period of 2022 to 2027.
North American multi-factor authentication market is expected to grow from $4.7 billion in 2022 to $9.9 billion in 2027 at a CAGR of 15.8% for the forecast period of 2022 to 2027.
Asia-Pacific multi-factor authentication market is expected to grow from $3.2 billion in 2022 to $7.1 billion in 2027 at a CAGR of 17.2% for the forecast period of 2022 to 2027.
Report Scope:
The scope of the report includes an overview of the global MFA market and an analysis of global market trends, with data from 2021 (the base year) and estimates for 2022 through 2027, with projections of CAGR for the forecast period. Revenue forecasts for this period are segmented based on component, authentication model type, organization size, industry and geography.
This report also includes a discussion of technological, regulatory and competitive elements as well as economic trends affecting the market. It explains the major drivers and regional dynamics of the global MFA market and current trends within the industry. This report concludes with detailed profiles of the main vendors in the global market.
Report Includes:
- 50 data tables and 27 additional tables
- A comprehensive overview of the global market for multi-factor authentication (MFA) process
- Analyses of the global market trends, with historic revenue data for 2021, estimates for 2022, market forecasts for 2023 and 2025, and projections of compound annual growth rates (CAGRs) through 2027
- Coverage of the technological, economic, and business considerations of the global multi-factor authentication market, with analyses and growth forecasts over the next few years (2022-2027)
- Estimation of the actual market size and revenue forecast for multi-factor authentication market, and corresponding market share analysis based on component, type of authentication model, organization size, end-user industry, and geographic region
- Highlights of the emerging technology trends, opportunities and gaps estimating demand for global multi-factor authentication market, and impact of COVID-19 on the progress of this market
- Identification of the companies best positioned to meet this demand owing to or in conjunction with their proprietary technologies, product launches, M&A deals, and other market strategic advantages
- In-depth information (facts and figures) concerning major market dynamics, technology advancements, value chain analysis, and competitive environment of the leading market players
- Number of published patents and patent applications for MFA technologies across various regions
- Descriptive company profiles of the leading market players, including Broadcom Inc., Entrust Corp., Microsoft Corp., Oracle Corp., RSA Security LLC, SecureAuth Corp. and Yubico AB
Table of Contents
Chapter 1 Introduction
- 1.1 Overview
- 1.2 Study Goals and Objectives
- 1.3 Reasons for Doing This Study
- 1.4 Scope of Report
- 1.5 Intended Audience
- 1.6 Information Sources
- 1.7 Research Methodology
- 1.8 Geographic Breakdown
- 1.9 Analyst's Credentials
- 1.10 BCC Custom Research
- 1.11 Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
- 3.1 Introduction
- 3.2 Evolution of Authentication Methods
- 3.3 Value Chain Analysis
- 3.4 Porter's Five Forces Analysis
- 3.4.1 Bargaining Power of Suppliers
- 3.4.2 Bargaining Power of Consumers
- 3.4.3 Threat of New Entrants
- 3.4.4 Competitive Rivalry
- 3.4.5 Threat of Substitutes
- 3.5 Standards/Specifications for Authentication Solutions
- 3.6 Future Outlook
- 3.7 Assessment of COVID-19 Impact on the Market
Chapter 4 Market Dynamics
- 4.1 Overview
- 4.1.1 Market Drivers
- 4.1.2 Market Restraints
- 4.1.3 Market Opportunities
Chapter 5 Technology Snapshot
- 5.1 Technology Trend Analysis
- 5.1.1 Out-of-Band Authentication
- 5.1.2 Built-In Authenticator Readers
- 5.1.3 Baked-In Authentication
- 5.2 Authentication Type
- 5.2.1 Password Authentication
- 5.2.2 Password-free Authentication
Chapter 6 Market Breakdown by Component
- 6.1 Overview
- 6.2 Software
- 6.3 Hardware
- 6.4 Services
Chapter 7 Market Breakdown by Authentication Model Type
- 7.1 Overview
- 7.2 Two-factor Authentication (2FA)
- 7.3 Three-factor Authentication
- 7.4 Others
Chapter 8 Market Breakdown by Organization Size
- 8.1 Overview
- 8.2 Large Enterprises
- 8.3 Small and Medium-Sized Enterprises
Chapter 9 Market Breakdown by Industry
- 9.1 Overview
- 9.2 BFSI
- 9.3 Healthcare
- 9.4 IT and Telecom
- 9.5 Retail
- 9.6 Government
- 9.7 Others
Chapter 10 Market Breakdown by Region
- 10.1 Overview
- 10.2 North America
- 10.2.1 U.S.
- 10.2.1 Canada
- 10.3 Europe
- 10.3.1 Government Strategies
- 10.3.2 U.K
- 10.3.3 Germany
- 10.3.4 France
- 10.3.5 Russia
- 10.3.6 Rest of Europe
- 10.4 Asia-Pacific
- 10.5 Latin America
- 10.6 Middle East and Africa
Chapter 11 Patent Analysis
- 11.1 Overview
- 11.2 Geographic Patterns
Chapter 12 Company Profiles
- BROADCOM INC.
- DUO SECURITY INC. (CISCO SYSTEMS INC.)
- ENTRUST CORP.
- FORGEROCK INC.
- HID GLOBAL CORP. (ASSA ABLOY AB)
- MICRO FOCUS INTERNATIONAL PLC
- MICROSOFT CORP.
- OKTA INC.
- ONELOGIN INC. (ONE IDENTITY)
- ONESPAN INC.
- ORACLE CORP.
- PING IDENTITY CORP.
- RSA SECURITY LLC
- SECUREAUTH CORP.
- THALES DIS (THALES GROUP)
- YUBICO AB
Chapter 13 Appendix: List of Abbreviations