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Global Multi-Factor AuthenticationMarket to reach USD 27.32 billion by 2027.

Global Multi-Factor AuthenticationMarket Size study, byAuthentication type (Password Authentication, Passwordless Authentication) by Model Type (Two-factor authentication ,Multi-factor with three-factor authentication, Multi-factor with four-factor authentication, Multi-factor with five-factor authentication ) by Component (Solutions, Hardware, Services)by Organization size (Large Enterprises, SMEs) by End user (BFSI, Government, Travel and Immigration, Military and Defence, Commercial Security, IT, Telecommunications, Healthcare, Media and Entertainment, Other Verticals)and Regional Forecasts 2021-2027

Product Code: ICTNS-79309752
Publish Date: 18-06-2021
Page: 200

Global Multi-Factor AuthenticationMarket is valued approximately USD 9.55 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 16.2% over the forecast period 2021-2027. MFA is an encryption method that enables a person to give two or more verification factors in order to get access to a resource such as an application, an online account, or a VPN. A strong security information and event management strategy must include multi-factor authentication. MFA needs one or more extra verification criteria in combination to a login credentials, which reduces the risk of a successful security breach. The increasing occurrences of cyberattacks and data leaks across enterprises has been one of the key factors driving product demand. As an example Micro Focus announced NetIQ Universal Policy Administrator (UPA) in November 2020, which provides centralized data security with uniform permission and authentication. This next-generation campaign strategy gives IT security professionals a consolidated policy security solutions that boosts operational efficiency and cyber resilience. The industry is also growing due to increased investments in cloud technologies and enterprise mobility. For instance, Thales launched Fast Identity Online 2.0 (FIDO2) in March 2020, which enables customers to access Microsoft Azure AD cloud apps, sub domains, and all linked digital services without a password. This will eventually assist enterprises and organizations in moving to the cloud in a secure manner. However, lack of MFA understanding can lead to blunders, which can cost businesses a lot of money. Also, multi-factor authentication differs from traditional authentication mechanisms, which rely on login credentials confirmation and recognition. It also has advanced biometric security mechanisms for identifying people, such as iris recognition, face recognition, fingerprinting, and speech recognition algorithms, which proves to be a business opportunity.

The MFA market is anticipated to have the largest market share in North America. The continent’s market growth is likely to be fueled by early acceptance of MFA and the existence of multiple providers offering MFA solutions. Because of a relatively high extent of performance of choose your own device (CYOD) and bring your own device (BYOD) practices, as well as mobility solutions, which are skyrocketing cyber-attacks and security breaches, the Asia-Pacific region is anticipated to witness the fastest continent in the multifactor authentication market.

Major market player included in this report are:
Micro Focus
Broadcom
Microsoft
OneSpan
Okta
Thales
RSA Security
Duo Security
Ping Identity
HID Global

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByAuthentication type:
Password Authentication
Passwordless Authentication
By Model Type:
Two-factor authentication
Multi-factor with three-factor authentication
Multi-factor with four-factor authentication
Multi-factor with five-factor authentication
By Component:
Solutions
Hardware
Services
By Organization size:
Large Enterprises
SMEs
By End user:
BFSI
Government
Travel and Immigration
Military and Defence
Commercial Security
IT
Telecommunication
Healthcare
Media and Entertainment
Other verticals

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Multi-Factor AuthenticationMarket in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Multi-Factor Authentication Market, by Region, 2019-2027 (USD Billion)
1.2.2. Multi-Factor Authentication Market, by Authentication type,2019-2027 (USD Billion)
1.2.3. Multi-Factor Authentication Market, by Model type,2019-2027 (USD Billion)
1.2.4. Multi-Factor Authentication Market, by Component,2019-2027 (USD Billion)
1.2.5. Multi-Factor Authentication Market, by Organization size,2019-2027 (USD Billion)
1.2.6. Multi-Factor Authentication Market, by End user ,2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Multi-Factor Authentication Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Multi-Factor Authentication Market Dynamics
3.1. Multi-Factor Authentication Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing occurrences of cyber attacks
3.1.1.2. Increasing investments in cloud technologies
3.1.2. Market Challenges
3.1.2.1. Lack of knowledge
3.1.3. Market Opportunities
3.1.3.1. Advance biometric security
Chapter 4. Global Multi-Factor Authentication Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Multi-Factor Authentication Market, by Authentication type
5.1. Market Snapshot
5.2. Global Multi-Factor Authentication Market by Authentication type, Performance – Potential Analysis
5.3. Global Multi-Factor Authentication Market Estimates & Forecasts by Authentication type2018-2027 (USD Billion)
5.4. Multi-Factor Authentication Market, Sub Segment Analysis
5.4.1. Password authentication
5.4.2. Passwordless authentication
Chapter 6. Global Multi-Factor Authentication Market, byModel type
6.1. Market Snapshot
6.2. Global Multi-Factor Authentication Market by Model type, Performance – Potential Analysis
6.3. Global Multi-Factor Authentication Market Estimates & Forecasts by Model type2018-2027 (USD Billion)
6.4. Multi-Factor Authentication Market, Sub Segment Analysis
6.4.1. Two-Factor Authentication
6.4.2. Multi-Factor with three-factor Authentication
6.4.3. Multi-Factor with four-factor Authentication
6.4.4. Multi-Factor with five factor Authentication
Chapter 7. Global Multi-Factor Authentication Market, by Component
7.1. Market Snapshot
7.2. Global Multi-Factor Authentication Market by Component, Performance – Potential Analysis
7.3. Global Multi-Factor Authentication Market Estimates & Forecasts by Component 2018-2027 (USD Billion)
7.4. Multi-Factor Authentication Market, Sub Segment Analysis
7.4.1. Solutions
7.4.2. Hardware
7.4.3. Services
Chapter 8. Global Multi-Factor Authentication Market, by Organization size
8.1. Market Snapshot
8.2. Global Multi-Factor Authentication Market by Organization size, Performance – Potential Analysis
8.3. Global Multi-Factor Authentication Market Estimates & Forecasts by Organization size 2018-2027 (USD Billion)
8.4. Multi-Factor Authentication Market, Sub Segment Analysis
8.4.1. Large Enterprises
8.4.2. SMEs
Chapter 9. Global Multi-Factor Authentication Market, by End user
9.1. Market Snapshot
9.2. Global Multi-Factor Authentication Market by End user, Performance – Potential Analysis
9.3. Global Multi-Factor Authentication Market Estimates & Forecasts by End user 2018-2027 (USD Billion)
9.4. Multi-Factor Authentication Market, Sub Segment Analysis
9.4.1. BFSI
9.4.2. Government
9.4.3. Travel and immigration
9.4.4. Military and defence
9.4.5. Commercial security
9.4.6. IT
9.4.7. Telecommunications
9.4.8. Healthcare
9.4.9. Media and Entertainment
9.4.10. Other verticals

Chapter 10. Global Multi-Factor Authentication Market, Regional Analysis
10.1. Multi-Factor Authentication Market, Regional Market Snapshot
10.2. North America Multi-Factor Authentication Market
10.2.1. U.S.Multi-Factor Authentication Market
10.2.1.1. Authentication type breakdown estimates & forecasts, 2018-2027
10.2.1.2. Model type breakdown estimates & forecasts, 2018-2027
10.2.1.3. Component breakdown estimates & forecasts, 2018-2027
10.2.1.4. Organization size breakdown estimates & forecasts, 2018-2027
10.2.1.5. End user breakdown estimates & forecasts, 2018-2027
10.2.2. CanadaMulti-Factor Authentication Market
10.3. Europe Multi-Factor Authentication Market Snapshot
10.3.1. U.K. Multi-Factor Authentication Market
10.3.2. Germany Multi-Factor Authentication Market
10.3.3. France Multi-Factor Authentication Market
10.3.4. Spain Multi-Factor Authentication Market
10.3.5. Italy Multi-Factor Authentication Market
10.3.6. Rest of EuropeMulti-Factor Authentication Market
10.4. Asia-PacificMulti-Factor Authentication Market Snapshot
10.4.1. China Multi-Factor Authentication Market
10.4.2. India Multi-Factor Authentication Market
10.4.3. JapanMulti-Factor Authentication Market
10.4.4. Australia Multi-Factor Authentication Market
10.4.5. South Korea Multi-Factor Authentication Market
10.4.6. Rest of Asia PacificMulti-Factor Authentication Market
10.5. Latin America Multi-Factor Authentication Market Snapshot
10.5.1. Brazil Multi-Factor Authentication Market
10.5.2. Mexico Multi-Factor Authentication Market
10.6. Rest of The World Multi-Factor Authentication Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Micro Focus
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Broadcom
11.2.3. Microsoft
11.2.4. OneSpan
11.2.5. Okta
11.2.6. Thales
11.2.7. RSA Security
11.2.8. Duo Security
11.2.9. Ping Identity
11.2.10. HID Global
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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