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Global Multi-Factor Authentication (MFA) Market Research Report 2025
Synopsis
This report studies the Multi-factor Authentication (MFA) market. Multifactor authentication (MFA) is a security system that requires more than one method of authentication from independent categories of credentials to verify the user’s identity for a login or other transaction.
The global Multi-Factor Authentication (MFA) market was valued at US$ 12840 million in 2023 and is anticipated to reach US$ 45570 million by 2030, witnessing a CAGR of 19.6% during the forecast period 2024-2030.
United States is the largest Multi-Factor Authentication (MFA) market with about 35% market share. Europe is follower, accounting for about 30% market share.
The key players are Morpho (France), Gemalto (Netherlands), NEC (Japan), Entrust Inc. (US), Broadcom, Fujitsu (Japan), VASCO Data Security (US), HID Global (US), RSA Security (US), Symantec Corporation (US), SecurEnvoy ltd (England), Crossmatch (US), Duo Secuirty (US), Deepnet Security (England), CensorNet Ltd. (England) etc. Top 3 companies occupied about 30% market share.
This report aims to provide a comprehensive presentation of the global market for Multi-Factor Authentication (MFA), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Multi-Factor Authentication (MFA).
Report Scope
The Multi-Factor Authentication (MFA) market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Multi-Factor Authentication (MFA) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Multi-Factor Authentication (MFA) companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Morpho (France)
Gemalto (Netherlands)
NEC (Japan)
Entrust Inc. (US)
Broadcom
Fujitsu (Japan)
VASCO Data Security (US)
HID Global (US)
RSA Security (US)
Symantec Corporation (US)
SecurEnvoy ltd (England)
Crossmatch (US)
Duo Secuirty (US)
Deepnet Security (England)
CensorNet Ltd. (England)
Segment by Type
Two-Factor Authentication
Three-Factor Authentication
Others
Segment by Application
Banking and Finance
Government
Travel and Immigration
Military and Defense
Commercial Security
Consumer Electronics
Healthcare
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Multi-Factor Authentication (MFA) companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
This report studies the Multi-factor Authentication (MFA) market. Multifactor authentication (MFA) is a security system that requires more than one method of authentication from independent categories of credentials to verify the user’s identity for a login or other transaction.
The global Multi-Factor Authentication (MFA) market was valued at US$ 12840 million in 2023 and is anticipated to reach US$ 45570 million by 2030, witnessing a CAGR of 19.6% during the forecast period 2024-2030.
United States is the largest Multi-Factor Authentication (MFA) market with about 35% market share. Europe is follower, accounting for about 30% market share.
The key players are Morpho (France), Gemalto (Netherlands), NEC (Japan), Entrust Inc. (US), Broadcom, Fujitsu (Japan), VASCO Data Security (US), HID Global (US), RSA Security (US), Symantec Corporation (US), SecurEnvoy ltd (England), Crossmatch (US), Duo Secuirty (US), Deepnet Security (England), CensorNet Ltd. (England) etc. Top 3 companies occupied about 30% market share.
This report aims to provide a comprehensive presentation of the global market for Multi-Factor Authentication (MFA), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Multi-Factor Authentication (MFA).
Report Scope
The Multi-Factor Authentication (MFA) market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Multi-Factor Authentication (MFA) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Multi-Factor Authentication (MFA) companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Morpho (France)
Gemalto (Netherlands)
NEC (Japan)
Entrust Inc. (US)
Broadcom
Fujitsu (Japan)
VASCO Data Security (US)
HID Global (US)
RSA Security (US)
Symantec Corporation (US)
SecurEnvoy ltd (England)
Crossmatch (US)
Duo Secuirty (US)
Deepnet Security (England)
CensorNet Ltd. (England)
Segment by Type
Two-Factor Authentication
Three-Factor Authentication
Others
Segment by Application
Banking and Finance
Government
Travel and Immigration
Military and Defense
Commercial Security
Consumer Electronics
Healthcare
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Multi-Factor Authentication (MFA) companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Multi-Factor Authentication (MFA) Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Two-Factor Authentication
1.2.3 Three-Factor Authentication
1.2.4 Others
1.3 Market by Application
1.3.1 Global Multi-Factor Authentication (MFA) Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Banking and Finance
1.3.3 Government
1.3.4 Travel and Immigration
1.3.5 Military and Defense
1.3.6 Commercial Security
1.3.7 Consumer Electronics
1.3.8 Healthcare
1.3.9 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Multi-Factor Authentication (MFA) Market Perspective (2019-2030)
2.2 Multi-Factor Authentication (MFA) Growth Trends by Region
2.2.1 Global Multi-Factor Authentication (MFA) Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Multi-Factor Authentication (MFA) Historic Market Size by Region (2019-2024)
2.2.3 Multi-Factor Authentication (MFA) Forecasted Market Size by Region (2025-2030)
2.3 Multi-Factor Authentication (MFA) Market Dynamics
2.3.1 Multi-Factor Authentication (MFA) Industry Trends
2.3.2 Multi-Factor Authentication (MFA) Market Drivers
2.3.3 Multi-Factor Authentication (MFA) Market Challenges
2.3.4 Multi-Factor Authentication (MFA) Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Multi-Factor Authentication (MFA) Players by Revenue
3.1.1 Global Top Multi-Factor Authentication (MFA) Players by Revenue (2019-2024)
3.1.2 Global Multi-Factor Authentication (MFA) Revenue Market Share by Players (2019-2024)
3.2 Global Multi-Factor Authentication (MFA) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Multi-Factor Authentication (MFA) Revenue
3.4 Global Multi-Factor Authentication (MFA) Market Concentration Ratio
3.4.1 Global Multi-Factor Authentication (MFA) Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Multi-Factor Authentication (MFA) Revenue in 2023
3.5 Multi-Factor Authentication (MFA) Key Players Head office and Area Served
3.6 Key Players Multi-Factor Authentication (MFA) Product Solution and Service
3.7 Date of Enter into Multi-Factor Authentication (MFA) Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Multi-Factor Authentication (MFA) Breakdown Data by Type
4.1 Global Multi-Factor Authentication (MFA) Historic Market Size by Type (2019-2024)
4.2 Global Multi-Factor Authentication (MFA) Forecasted Market Size by Type (2025-2030)
5 Multi-Factor Authentication (MFA) Breakdown Data by Application
5.1 Global Multi-Factor Authentication (MFA) Historic Market Size by Application (2019-2024)
5.2 Global Multi-Factor Authentication (MFA) Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Multi-Factor Authentication (MFA) Market Size (2019-2030)
6.2 North America Multi-Factor Authentication (MFA) Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Multi-Factor Authentication (MFA) Market Size by Country (2019-2024)
6.4 North America Multi-Factor Authentication (MFA) Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Multi-Factor Authentication (MFA) Market Size (2019-2030)
7.2 Europe Multi-Factor Authentication (MFA) Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Multi-Factor Authentication (MFA) Market Size by Country (2019-2024)
7.4 Europe Multi-Factor Authentication (MFA) Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Multi-Factor Authentication (MFA) Market Size (2019-2030)
8.2 Asia-Pacific Multi-Factor Authentication (MFA) Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Multi-Factor Authentication (MFA) Market Size by Region (2019-2024)
8.4 Asia-Pacific Multi-Factor Authentication (MFA) Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Multi-Factor Authentication (MFA) Market Size (2019-2030)
9.2 Latin America Multi-Factor Authentication (MFA) Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Multi-Factor Authentication (MFA) Market Size by Country (2019-2024)
9.4 Latin America Multi-Factor Authentication (MFA) Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Multi-Factor Authentication (MFA) Market Size (2019-2030)
10.2 Middle East & Africa Multi-Factor Authentication (MFA) Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Multi-Factor Authentication (MFA) Market Size by Country (2019-2024)
10.4 Middle East & Africa Multi-Factor Authentication (MFA) Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Morpho (France)
11.1.1 Morpho (France) Company Detail
11.1.2 Morpho (France) Business Overview
11.1.3 Morpho (France) Multi-Factor Authentication (MFA) Introduction
11.1.4 Morpho (France) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.1.5 Morpho (France) Recent Development
11.2 Gemalto (Netherlands)
11.2.1 Gemalto (Netherlands) Company Detail
11.2.2 Gemalto (Netherlands) Business Overview
11.2.3 Gemalto (Netherlands) Multi-Factor Authentication (MFA) Introduction
11.2.4 Gemalto (Netherlands) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.2.5 Gemalto (Netherlands) Recent Development
11.3 NEC (Japan)
11.3.1 NEC (Japan) Company Detail
11.3.2 NEC (Japan) Business Overview
11.3.3 NEC (Japan) Multi-Factor Authentication (MFA) Introduction
11.3.4 NEC (Japan) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.3.5 NEC (Japan) Recent Development
11.4 Entrust Inc. (US)
11.4.1 Entrust Inc. (US) Company Detail
11.4.2 Entrust Inc. (US) Business Overview
11.4.3 Entrust Inc. (US) Multi-Factor Authentication (MFA) Introduction
11.4.4 Entrust Inc. (US) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.4.5 Entrust Inc. (US) Recent Development
11.5 Broadcom
11.5.1 Broadcom Company Detail
11.5.2 Broadcom Business Overview
11.5.3 Broadcom Multi-Factor Authentication (MFA) Introduction
11.5.4 Broadcom Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.5.5 Broadcom Recent Development
11.6 Fujitsu (Japan)
11.6.1 Fujitsu (Japan) Company Detail
11.6.2 Fujitsu (Japan) Business Overview
11.6.3 Fujitsu (Japan) Multi-Factor Authentication (MFA) Introduction
11.6.4 Fujitsu (Japan) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.6.5 Fujitsu (Japan) Recent Development
11.7 VASCO Data Security (US)
11.7.1 VASCO Data Security (US) Company Detail
11.7.2 VASCO Data Security (US) Business Overview
11.7.3 VASCO Data Security (US) Multi-Factor Authentication (MFA) Introduction
11.7.4 VASCO Data Security (US) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.7.5 VASCO Data Security (US) Recent Development
11.8 HID Global (US)
11.8.1 HID Global (US) Company Detail
11.8.2 HID Global (US) Business Overview
11.8.3 HID Global (US) Multi-Factor Authentication (MFA) Introduction
11.8.4 HID Global (US) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.8.5 HID Global (US) Recent Development
11.9 RSA Security (US)
11.9.1 RSA Security (US) Company Detail
11.9.2 RSA Security (US) Business Overview
11.9.3 RSA Security (US) Multi-Factor Authentication (MFA) Introduction
11.9.4 RSA Security (US) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.9.5 RSA Security (US) Recent Development
11.10 Symantec Corporation (US)
11.10.1 Symantec Corporation (US) Company Detail
11.10.2 Symantec Corporation (US) Business Overview
11.10.3 Symantec Corporation (US) Multi-Factor Authentication (MFA) Introduction
11.10.4 Symantec Corporation (US) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.10.5 Symantec Corporation (US) Recent Development
11.11 SecurEnvoy ltd (England)
11.11.1 SecurEnvoy ltd (England) Company Detail
11.11.2 SecurEnvoy ltd (England) Business Overview
11.11.3 SecurEnvoy ltd (England) Multi-Factor Authentication (MFA) Introduction
11.11.4 SecurEnvoy ltd (England) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.11.5 SecurEnvoy ltd (England) Recent Development
11.12 Crossmatch (US)
11.12.1 Crossmatch (US) Company Detail
11.12.2 Crossmatch (US) Business Overview
11.12.3 Crossmatch (US) Multi-Factor Authentication (MFA) Introduction
11.12.4 Crossmatch (US) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.12.5 Crossmatch (US) Recent Development
11.13 Duo Secuirty (US)
11.13.1 Duo Secuirty (US) Company Detail
11.13.2 Duo Secuirty (US) Business Overview
11.13.3 Duo Secuirty (US) Multi-Factor Authentication (MFA) Introduction
11.13.4 Duo Secuirty (US) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.13.5 Duo Secuirty (US) Recent Development
11.14 Deepnet Security (England)
11.14.1 Deepnet Security (England) Company Detail
11.14.2 Deepnet Security (England) Business Overview
11.14.3 Deepnet Security (England) Multi-Factor Authentication (MFA) Introduction
11.14.4 Deepnet Security (England) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.14.5 Deepnet Security (England) Recent Development
11.15 CensorNet Ltd. (England)
11.15.1 CensorNet Ltd. (England) Company Detail
11.15.2 CensorNet Ltd. (England) Business Overview
11.15.3 CensorNet Ltd. (England) Multi-Factor Authentication (MFA) Introduction
11.15.4 CensorNet Ltd. (England) Revenue in Multi-Factor Authentication (MFA) Business (2019-2024)
11.15.5 CensorNet Ltd. (England) Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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