Summary

Global Multi-Factor Authentication Market 2024-2028
The multi-factor authentication market is forecasted to grow by USD 38970.8 mn 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.
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.
Technavio's 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
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
The robust vendor analysis 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 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. For further information on this report, please visit - https://www.technavio.com/report/multi-factor-authentication-market-industry-analysis
The publisher 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.

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Table of Contents

• 1 Executive Summary
o 1.1 Market overview
o Executive Summary - Chart on Market Overview
o Executive Summary - Data Table on Market Overview
o Executive Summary - Chart on Global Market Characteristics
o Executive Summary - Chart on Market by Geography
o Executive Summary - Chart on Market Segmentation by Component
o Executive Summary - Chart on Market Segmentation by Deployment
o Executive Summary - Chart on Incremental Growth
o Executive Summary - Data Table on Incremental Growth
o Executive Summary - Chart on Company Market Positioning
• 2 Market Landscape
o 2.1 Market ecosystem
o Parent Market
o Data Table on - Parent Market
o 2.2 Market characteristics
o Market characteristics analysis
o 2.3 Value chain analysis
o Value Chain Analysis
• 3 Market Sizing
o 3.1 Market definition
o Offerings of companies included in the market definition
o 3.2 Market segment analysis
o Market segments
o 3.3 Market size 2023
o 3.4 Market outlook: Forecast for 2023-2028
o Chart on Global - Market size and forecast 2023-2028 ($ million)
o Data Table on Global - Market size and forecast 2023-2028 ($ million)
o Chart on Global Market: Year-over-year growth 2023-2028 (%)
o Data Table on Global Market: Year-over-year growth 2023-2028 (%)
• 4 Historic Market Size
o 4.1 Global Multi-Factor Authentication Market 2018 - 2022
o Historic Market Size - Data Table on Global Multi-Factor Authentication Market 2018 - 2022 ($ million)
o 4.2 Component segment analysis 2018 - 2022
o Historic Market Size - Component Segment 2018 - 2022 ($ million)
o 4.3 Deployment segment analysis 2018 - 2022
o Historic Market Size - Deployment Segment 2018 - 2022 ($ million)
o 4.4 Geography segment analysis 2018 - 2022
o Historic Market Size - Geography Segment 2018 - 2022 ($ million)
o 4.5 Country segment analysis 2018 - 2022
o Historic Market Size - Country Segment 2018 - 2022 ($ million)
• 5 Five Forces Analysis
o 5.1 Five forces summary
o Five forces analysis - Comparison between 2023 and 2028
o 5.2 Bargaining power of buyers
o Bargaining power of buyers - Impact of key factors 2023 and 2028
o 5.3 Bargaining power of suppliers
o Bargaining power of suppliers - Impact of key factors in 2023 and 2028
o 5.4 Threat of new entrants
o Threat of new entrants - Impact of key factors in 2023 and 2028
o 5.5 Threat of substitutes
o Threat of substitutes - Impact of key factors in 2023 and 2028
o 5.6 Threat of rivalry
o Threat of rivalry - Impact of key factors in 2023 and 2028
o 5.7 Market condition
o Chart on Market condition - Five forces 2023 and 2028
• 6 Market Segmentation by Component
o 6.1 Market segments
o Chart on Component - Market share 2023-2028 (%)
o Data Table on Component - Market share 2023-2028 (%)
o 6.2 Comparison by Component
o Chart on Comparison by Component
o Data Table on Comparison by Component
o 6.3 Services - Market size and forecast 2023-2028
o Chart on Services - Market size and forecast 2023-2028 ($ million)
o Data Table on Services - Market size and forecast 2023-2028 ($ million)
o Chart on Services - Year-over-year growth 2023-2028 (%)
o Data Table on Services - Year-over-year growth 2023-2028 (%)
o 6.4 Products - Market size and forecast 2023-2028
o Chart on Products - Market size and forecast 2023-2028 ($ million)
o Data Table on Products - Market size and forecast 2023-2028 ($ million)
o Chart on Products - Year-over-year growth 2023-2028 (%)
o Data Table on Products - Year-over-year growth 2023-2028 (%)
o 6.5 Market opportunity by Component
o Market opportunity by Component ($ million)
o Data Table on Market opportunity by Component ($ million)
• 7 Market Segmentation by Deployment
o 7.1 Market segments
o Chart on Deployment - Market share 2023-2028 (%)
o Data Table on Deployment - Market share 2023-2028 (%)
o 7.2 Comparison by Deployment
o Chart on Comparison by Deployment
o Data Table on Comparison by Deployment
o 7.3 On-premises - Market size and forecast 2023-2028
o Chart on On-premises - Market size and forecast 2023-2028 ($ million)
o Data Table on On-premises - Market size and forecast 2023-2028 ($ million)
o Chart on On-premises - Year-over-year growth 2023-2028 (%)
o Data Table on On-premises - Year-over-year growth 2023-2028 (%)
o 7.4 Cloud - Market size and forecast 2023-2028
o Chart on Cloud - Market size and forecast 2023-2028 ($ million)
o Data Table on Cloud - Market size and forecast 2023-2028 ($ million)
o Chart on Cloud - Year-over-year growth 2023-2028 (%)
o Data Table on Cloud - Year-over-year growth 2023-2028 (%)
o 7.5 Market opportunity by Deployment
o Market opportunity by Deployment ($ million)
o Data Table on Market opportunity by Deployment ($ million)
• 8 Customer Landscape
o 8.1 Customer landscape overview
o Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
• 9 Geographic Landscape
o 9.1 Geographic segmentation
o Chart on Market share by geography 2023-2028 (%)
o Data Table on Market share by geography 2023-2028 (%)
o 9.2 Geographic comparison
o Chart on Geographic comparison
o Data Table on Geographic comparison
o 9.3 North America - Market size and forecast 2023-2028
o Chart on North America - Market size and forecast 2023-2028 ($ million)
o Data Table on North America - Market size and forecast 2023-2028 ($ million)
o Chart on North America - Year-over-year growth 2023-2028 (%)
o Data Table on North America - Year-over-year growth 2023-2028 (%)
o 9.4 Europe - Market size and forecast 2023-2028
o Chart on Europe - Market size and forecast 2023-2028 ($ million)
o Data Table on Europe - Market size and forecast 2023-2028 ($ million)
o Chart on Europe - Year-over-year growth 2023-2028 (%)
o Data Table on Europe - Year-over-year growth 2023-2028 (%)
o 9.5 APAC - Market size and forecast 2023-2028
o Chart on APAC - Market size and forecast 2023-2028 ($ million)
o Data Table on APAC - Market size and forecast 2023-2028 ($ million)
o Chart on APAC - Year-over-year growth 2023-2028 (%)
o Data Table on APAC - Year-over-year growth 2023-2028 (%)
o 9.6 South America - Market size and forecast 2023-2028
o Chart on South America - Market size and forecast 2023-2028 ($ million)
o Data Table on South America - Market size and forecast 2023-2028 ($ million)
o Chart on South America - Year-over-year growth 2023-2028 (%)
o Data Table on South America - Year-over-year growth 2023-2028 (%)
o 9.7 Middle East and Africa - Market size and forecast 2023-2028
o Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
o Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
o Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
o Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
o 9.8 US - Market size and forecast 2023-2028
o Chart on US - Market size and forecast 2023-2028 ($ million)
o Data Table on US - Market size and forecast 2023-2028 ($ million)
o Chart on US - Year-over-year growth 2023-2028 (%)
o Data Table on US - Year-over-year growth 2023-2028 (%)
o 9.9 China - Market size and forecast 2023-2028
o Chart on China - Market size and forecast 2023-2028 ($ million)
o Data Table on China - Market size and forecast 2023-2028 ($ million)
o Chart on China - Year-over-year growth 2023-2028 (%)
o Data Table on China - Year-over-year growth 2023-2028 (%)
o 9.10 Germany - Market size and forecast 2023-2028
o Chart on Germany - Market size and forecast 2023-2028 ($ million)
o Data Table on Germany - Market size and forecast 2023-2028 ($ million)
o Chart on Germany - Year-over-year growth 2023-2028 (%)
o Data Table on Germany - Year-over-year growth 2023-2028 (%)
o 9.11 UK - Market size and forecast 2023-2028
o Chart on UK - Market size and forecast 2023-2028 ($ million)
o Data Table on UK - Market size and forecast 2023-2028 ($ million)
o Chart on UK - Year-over-year growth 2023-2028 (%)
o Data Table on UK - Year-over-year growth 2023-2028 (%)
o 9.12 Japan - Market size and forecast 2023-2028
o Chart on Japan - Market size and forecast 2023-2028 ($ million)
o Data Table on Japan - Market size and forecast 2023-2028 ($ million)
o Chart on Japan - Year-over-year growth 2023-2028 (%)
o Data Table on Japan - Year-over-year growth 2023-2028 (%)
o 9.13 Market opportunity by geography
o Market opportunity by geography ($ million)
o Data Tables on Market opportunity by geography ($ million)
• 10 Drivers, Challenges, and Opportunity/Restraints
o 10.1 Market drivers
o 10.2 Market challenges
o 10.3 Impact of drivers and challenges
o Impact of drivers and challenges in 2023 and 2028
o 10.4 Market opportunities/restraints
• 11 Competitive Landscape
o 11.1 Overview
o 11.2 Competitive Landscape
o Overview on criticality of inputs and factors of differentiation
o 11.3 Landscape disruption
o Overview on factors of disruption
o 11.4 Industry risks
o Impact of key risks on business
• 12 Competitive Analysis
o 12.1 Companies profiled
o Companies covered
o 12.2 Market positioning of companies
o Matrix on companies position and classification
o 12.3 Broadcom Inc.
o Broadcom Inc. - Overview
o Broadcom Inc. - Business segments
o Broadcom Inc. - Key news
o Broadcom Inc. - Key offerings
o Broadcom Inc. - Segment focus
o 12.4 Entrust Corp.
o Entrust Corp. - Overview
o Entrust Corp. - Product / Service
o Entrust Corp. - Key news
o Entrust Corp. - Key offerings
o 12.5 Fujitsu Ltd.
o Fujitsu Ltd. - Overview
o Fujitsu Ltd. - Business segments
o Fujitsu Ltd. - Key news
o Fujitsu Ltd. - Key offerings
o Fujitsu Ltd. - Segment focus
o 12.6 Giesecke Devrient GmbH
o Giesecke Devrient GmbH - Overview
o Giesecke Devrient GmbH - Product / Service
o Giesecke Devrient GmbH - Key news
o Giesecke Devrient GmbH - Key offerings
o 12.7 HID Global Corp.
o HID Global Corp. - Overview
o HID Global Corp. - Product / Service
o HID Global Corp. - Key news
o HID Global Corp. - Key offerings
o 12.8 Microsoft Corp.
o Microsoft Corp. - Overview
o Microsoft Corp. - Business segments
o Microsoft Corp. - Key news
o Microsoft Corp. - Key offerings
o Microsoft Corp. - Segment focus
o 12.9 NEC Corp.
o NEC Corp. - Overview
o NEC Corp. - Business segments
o NEC Corp. - Key news
o NEC Corp. - Key offerings
o NEC Corp. - Segment focus
o 12.10 Okta Inc.
o Okta Inc. - Overview
o Okta Inc. - Product / Service
o Okta Inc. - Key news
o Okta Inc. - Key offerings
o 12.11 OneSpan Inc.
o OneSpan Inc. - Overview
o OneSpan Inc. - Business segments
o OneSpan Inc. - Key news
o OneSpan Inc. - Key offerings
o OneSpan Inc. - Segment focus
o 12.12 Quest Software Inc.
o Quest Software Inc. - Overview
o Quest Software Inc. - Product / Service
o Quest Software Inc. - Key offerings
o 12.13 RSA Security LLC
o RSA Security LLC - Overview
o RSA Security LLC - Product / Service
o RSA Security LLC - Key offerings
o 12.14 SecureAuth Corp.
o SecureAuth Corp. - Overview
o SecureAuth Corp. - Product / Service
o SecureAuth Corp. - Key offerings
o 12.15 Thales Group
o Thales Group - Overview
o Thales Group - Business segments
o Thales Group - Key news
o Thales Group - Key offerings
o Thales Group - Segment focus
o 12.16 TransUnion
o TransUnion - Overview
o TransUnion - Business segments
o TransUnion - Key news
o TransUnion - Key offerings
o TransUnion - Segment focus
o 12.17 Yubico AB
o Yubico AB - Overview
o Yubico AB - Product / Service
o Yubico AB - Key offerings
• 13 Appendix
o 13.1 Scope of the report
o 13.2 Inclusions and exclusions checklist
o Inclusions checklist
o Exclusions checklist
o 13.3 Currency conversion rates for US$
o Currency conversion rates for US$
o 13.4 Research methodology
o Research methodology
o 13.5 Data procurement
o Information sources
o 13.6 Data validation
o Data validation
o 13.7 Validation techniques employed for market sizing
o Validation techniques employed for market sizing
o 13.8 Data synthesis
o Data synthesis
o 13.9 360 degree market analysis
o 360 degree market analysis
o 13.10 List of abbreviations
o List of abbreviations