Multi-Factor Authentication Market by Component (Hardware, Solutions, and Services), Model Type (Two-, Three-, Four-, Five-factor), Organization Size, Vertical (BFSI, Healthcare, Media & Entertainment, Government) and Region - Global Forecast to 2027
The multi-factor authentication market was valued at USD 12.9 billion in 2022. It is projected to reach USD 26.7 billion over the next five years, registering a CAGR of 15.6%.
The demand for MFA is fuelled by growing identity thefts and breaches; surge in the use of IoT/ BYOD devices, and stringent government mandates. MFA is a strong component of IAM. Organizations use of face recognition, voice analysis, and iris recognition to authenticate and verify its employees. There has been a sudden spike in cyber-based attacks post the pandemic. These factors are expected to boost demand for MFA solutions.
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Market Dynamics
Driver: Rising instances of identity theft and fraud
The Consumer Sentinel Network, maintained by the Federal Trade Commission (FTC), tracks consumer fraud and identity theft complaints that have been filed with federal, state, and local law enforcement agencies and private organizations. Of the 3.2 million identity theft and fraud reports received in 2019, 1.7 million were fraud-related, ~900,000 were other consumer complaints, and about 651,000 were identity theft complaints.
With the increasing online services, financial institutions and governments are moving toward the adoption of digital identities to provide customers and citizens with an easier and faster way to access services. Due to the increasing number of high-profile data breaches and identity thieves becoming more sophisticated, organizations across these verticals are equipping themselves with stronger identity verification measures to protect sensitive data contained by them against frauds. Such theft and fraud instances are a wake-up call for organizations to deploy MFA solutions and services.
Restraint: High cost and technical complexities in implementing MFA solutions
The major challenge faced by companies while adopting MFA solutions is the high cost involved in deploying these solutions. MFA solutions help organizations and users in reducing the risk of data losses. These solutions prove to be a costly solution for SMEs due to budget restrictions. Moreover, the maintenance and timely upgradation costs add to the overall increase in an organization’s expenses. The software licensing costs, software maintenance costs, and technical support for users, are expensive solutions for low-budget enterprises to deploy. Various factors such as hardware tokens, software tokens, biometric authentication, and the requirement of certification in MFA to fulfill the compliance standards have resulted in the high price of MFA solutions.
Budgetary constraints have been observed in major economies, such as some parts of Asia Pacific, the Middle East and Africa, and Latin America, where companies are either bootstrapped or operating with small capital. Thus, all these factors hinder the adoption of MFA solutions.
Opportunity: High volume of online transactions
The increasing volume of online transactions with the high adoption of digital banking by customers is expected to propel the demand for MFA. The spurt in eCommerce and use of internet banking, and mandatory laws by central banks are urging large corporations to authenticate users with strong authentication measures. The growing use of mobile banking for online transactions is set to surge the demand for OTP authenticators (both hardware and software). MFA is used for secure transactions and to protect customers from phishing attacks and fraudulent transactions. Moreover, the integration of these systems for payment by sectors of healthcare, retail, and BFSI is a wide opportunity for the growth of the multi-factor authentication market.
Challenge: Scarcity of skilled cybersecurity professionals
The major limitation to the growth of the MFA market is the lack of experts in the domain of cybersecurity. Due to low awareness about advanced cyber threats, organizations do not spend enough on their security infrastructure, which results in massive data and financial losses. Furthermore, companies with pressing cybersecurity needs have observed a major shortage of qualified professionals in their organizations, making them more vulnerable to cyberattacks.
One of the biggest hindrance in the market is the collection and storage of consumer data from different customer engagement channels - such as biometrics, face recognition, or hardware device data. With surge in the usage of distributed cloud-based applications, users can log into critical business applications from anywhere, anytime, and on any device. This has increased the complexities of managing user identities for organizations. Hence, the dearth of security experts continue to affect the market growth.
Based on Verticals, media & entertainment segment to grow at the highest CAGR during the forecast period
The media & entertainment segment is projected to witness the fastest growth rate of during the forecast period. Media and entertainment industries play a vital role in shaping the national image and various public opinions, thus making it an attractive target for cybercriminal groups. Media organizations’ sensitive data, including press releases, intellectual property, partnerships, country operations, and sources, are the frequent targets of government-sponsored APT groups. With everyone stuck inside because of COVID-19, the demand for online video streaming through mobile applications and connected TV have calcified. With the meteoric rise in traffic in online streaming sites, cybercriminals have begun to lure users into scamming streaming sites, such as Netflix, Amazon Prime, or Disney Hotstar Plus. As per an expert from Kaspersky, 22,000 infection attempts where hackers used ‘Netflix’ as a lure were detected, and the show, ‘The Mandalorian,’ was frequently exploited with 1,614 users getting exposed and 5,855 infection attempts getting registered. Hence, the need for MFA solutions and services to safeguard against the soaring advanced threats in the media and entertainment segment.
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North America is expected to hold the largest market size during the forecast period
North America is estimated to account for the highest market share in the multi-factor authentication market. North America leads the global MFA market in terms of the presence of the world’s largest number of MFA vendors. North America is the most advanced region in terms of security technology adoption and infrastructure. The major growth drivers for this region are the widespread adherence to data compliance regulations and cloud deployments. Due to the high adoption of cloud-based applications in North America, cyberattacks are increasing and becoming more sophisticated. Hence, industries in the region are increasingly implementing extensive MFA solutions. The key top MFA market vendors functioning in the region are Broadcom, OneSpan, Microsoft, Okta, RSA Security, Duo Security, Ping Identity, HID Global, ForgeRock, CyberArk, OneLogin, SecureAuth, Oracle, and Salesforce. North America is expected to hold the largest market size in the MFA market by 2027 due to the presence of major providers in the region, investments and innovations, and high adoption rates.
MFA Ecosystem Analysis
Key Market Players
This research study outlines the market potential, market dynamics, and key and innovative vendors in multi-factor authentication market include Microsoft (US), Broadcom (US), OneSpan (US), Okta (US), Micro Focus (UK), Thales (France), RSA Security (US), Cisco (US), Ping Identity (US), HID Global (US), ESET (Slovakia), Yubico (US), ForgeRock (US), CyberArk (US), OneLogin (US), SecureAuth (US), Oracle (US), Salesforce (US), Secret Double Octopus (Israel), Silverfort (Israel), Trusona (US), FusionAuth (US), HYPR (US), Keyless (US), and Luxchain (Hong Kong).
The study includes an in-depth competitive analysis of these key players in the MFA market with their company profiles, recent developments, and key market strategies.
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|
Report Metrics |
Details |
|
Market size value in 2022 |
USD 12.9 Billion |
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Market size value in 2027 |
USD 26.7 Billion |
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Growth rate |
CAGR of 15.6% |
|
Market size available for years |
2016–2027 |
|
Base year considered |
2021 |
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Forecast period |
2022–2027 |
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Forecast units |
Value (USD Billion/Million) |
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Segments covered |
Component, Authentication Type, Model Type, Organization Size, Vertical, and Region |
|
Geographies covered |
North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America |
|
Major companies covered |
Microsoft (US), Broadcom (US), OneSpan (US), Okta (US), Micro Focus (UK), Thales (France), RSA Security (US), Cisco (US), Ping Identity (US), HID Global (US), ESET (Slovakia), Yubico(US), ForgeRock (US), CyberArk (US), OneLogin (US), SecureAuth (US), Oracle (US), Salesforce (US), Secret Double Octopus (Israel), Silverfort (Israel), Trusona (US), FusionAuth (US), HYPR (US), Keyless (US), and Luxchain (Hong Kong). |
Market Segmentation:
Recent Developments:
- In May 2021, Microsoft announced new products, employee plans, and guidance to tackle the global fight against increasingly large-scale and complex cyberattacks. These include additional support on MFA and security protection for customers, along with Microsoft’s transition of having employees adopt a Zero Trust approach.
- In March 2021, Okta entered into a definitive agreement to acquire Auth0 for USD 6.5 billion. Okta, which has focused on serving businesses with products for IAM, SSO, MFA, cloud directory services, and more, will be strengthened by this acquisition, which focuses more on serving customer identity and access markets.
- In July 2020, Ping Identity partnered with One Identity, a provider of identity-centered security, to provide end-to-end identity management strategies and strengthen access security and control. The partnership enables customers to combine the power of Ping Identity’s access management technology with One Identity’s Identity Governance and Administration (IGA) technology.
- In March 2020, Ping Identity announced the availability of PingID MFA in the AWS Marketplace. Customers can quickly procure and deploy PingID to secure work from home, while adding another layer of security to their AWS infrastructure.
- In February 2020, Thales launched Fast Identity Online 2.0 (FIDO2) that provides passwordless access to Microsoft Azure AD cloud apps, domains, and all connected devices and services. This will ultimately help businesses and organizations move securely to the cloud.
Frequently Asked Questions (FAQ):
What is the projected market value of the multi-factor authentication market?
The multi-factor authentication market size is projected to grow from an estimated value of USD 12.9 Billion in 2022 to USD 26.7 Billion by 2027, at a Compound Annual Growth Rate (CAGR) of 15.6% from 2022 to 2027.
Which region has the highest market share in multi-factor authentication market?
North America is estimated to hold the highest market share in the multi-factor authentication market owing to the presence of major MFA solution vendors operating in this region.
What is multi-factor authentication?
Multi-factor authentication is an authentication method that requires the user to provide two or more verification factors for gaining access to resources, such as an application, online account, or a Virtual Private Network (VPN).
Who are the major vendors in the multi-factor authentication market?
Key and innovative vendors in multi-factor authentication market include Microsoft (US), Broadcom (US), OneSpan (US), Okta (US), Micro Focus (UK), Thales (France), RSA Security (US), Cisco (US), Ping Identity (US), HID Global (US), ESET (Slovakia), Yubico (US), ForgeRock (US), CyberArk (US), OneLogin (US), SecureAuth (US), Oracle (US), Salesforce (US), Secret Double Octopus (Israel), Silverfort (Israel), Trusona (US), FusionAuth (US), HYPR (US), Keyless (US), and Luxchain (Hong Kong).
What fuels the demand for the multi-factor authentication market?
The major driving factors for the multi-factor authentication market include rise in security breaches, fraud, and data identity thefts, surge in use of BYOD/ IoT devices, high demand for cloud-based MFA solutions and services, high volume of online transactions, and stringent government regulations. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 29)
1.1 OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES, 2018–2021
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 35)
2.1 RESEARCH DATA
FIGURE 1 MFA MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakup of primary profiles
2.1.2.2 Key industry insights
2.2 DATA TRIANGULATION
FIGURE 2 MFA MARKET: RESEARCH FLOW
2.3 MARKET SIZE ESTIMATION
2.3.1 REVENUE ESTIMATES
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1, SUPPLY-SIDE ANALYSIS: REVENUE OF HARDWARE, SOLUTIONS, AND SERVICES FROM MFA VENDORS
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1, SUPPLY-SIDE ANALYSIS
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 2, BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL HARDWARE, SOLUTIONS, AND SERVICES OF MFA VENDORS
2.3.2 DEMAND-SIDE ANALYSIS
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 3, TOP-DOWN (DEMAND SIDE)
2.4 COMPANY EVALUATION QUADRANT METHODOLOGY
FIGURE 7 COMPANY EVALUATION QUADRANT: CRITERIA WEIGHTAGE
2.5 STARTUPS’ EVALUATION QUADRANT METHODOLOGY
FIGURE 8 STARTUPS’ EVALUATION QUADRANT: CRITERIA WEIGHTAGE
2.6 MARKET FORECAST
TABLE 2 FACTOR ANALYSIS
2.7 ASSUMPTIONS
2.8 LIMITATIONS
FIGURE 9 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 48)
FIGURE 10 TOP-FIVE COVID-19 PHISHING KEYWORDS
TABLE 3 MULTI-FACTOR AUTHENTICATION MARKET SIZE AND GROWTH, 2021–2027 (USD MILLION, Y-O-Y GROWTH)
FIGURE 11 MARKET TO WITNESS SIGNIFICANT GROWTH DURING THE FORECAST PERIOD
FIGURE 12 FASTEST-GROWING SEGMENTS OF THE MARKET
FIGURE 13 NORTH AMERICA TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2022
4 PREMIUM INSIGHTS (Page No. - 51)
4.1 BRIEF OVERVIEW OF THE MULTI-FACTOR AUTHENTICATION MARKET
FIGURE 14 GROWING INSTANCES OF DATA BREACHES, RISING ADOPTION OF BYOD TRENDS, AND STRINGENT REGULATIONS TO DRIVE THE MFA MARKET
4.2 MARKET, BY COMPONENT, 2022
FIGURE 15 SOLUTIONS SEGMENT TO HOLD THE LARGEST SHARE DURING THE FORECAST PERIOD
4.3 MARKET, BY REGION, 2022 VS. 2027
FIGURE 16 NORTH AMERICA TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
4.4 MARKET, BY VERTICAL, 2022 VS. 2027
FIGURE 17 BFSI TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
4.5 MARKET INVESTMENT SCENARIO
FIGURE 18 ASIA PACIFIC TO EMERGE AS THE BEST MARKET FOR INVESTMENTS IN THE NEXT 5 YEARS
5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 54)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: MFA MARKET
5.2.1 DRIVERS
5.2.1.1 Growing adoption of BYOD, CYOD, and WFH trends
5.2.1.2 Rising security breaches and sophisticated cyberattacks leading to financial and reputational loss
5.2.1.3 Stringent government regulations to increase the adoption of MFA solutions
5.2.1.4 Rising instances of identity theft and fraud
5.2.2 RESTRAINTS
5.2.2.1 High cost and technical complexities in implementing MFA solutions
5.2.2.2 Increasing response time in higher-order authentication models
5.2.3 OPPORTUNITIES
5.2.3.1 Proliferation of cloud-based MFA solutions and services
5.2.3.2 Rising adoption of interconnected devices in the IoT environment
5.2.3.3 High volume of online transactions
5.2.4 CHALLENGES
5.2.4.1 Lack of awareness related to MFA among enterprises
5.2.4.2 Scarcity of skilled cybersecurity professionals
5.3 VALUE CHAIN ANALYSIS
FIGURE 20 VALUE CHAIN: MULTI-FACTOR AUTHENTICATION MARKET
5.4 ECOSYSTEM: MARKET
FIGURE 21 MULTI-FACTOR AUTHENTICATION STEPS
FIGURE 22 MULTI-FACTOR AUTHENTICATION ECOSYSTEM
5.5 AVERAGE SELLING PRICE/PRICING MODEL OF MULTI-FACTOR AUTHENTICATION PLAYERS, 2019-2020
TABLE 4 AVERAGE SELLING PRICE MODEL OF THE MULTI-FACTOR AUTHENTICATION MARKET
5.6 REGULATORY LANDSCAPE
5.6.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 5 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.6.2 CRIMINAL JUSTICE INFORMATION SYSTEM SECURITY POLICY
5.6.3 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD
5.6.4 FFIEC AUTHENTICATION IN AN INTERNET BANKING ENVIRONMENT
5.6.5 FAIR AND ACCURATE CREDIT TRANSACTION ACT
5.6.6 IDENTITY THEFT RED FLAGS
5.6.7 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT
5.6.8 SARBANES-OXLEY ACT
5.6.9 GRAMM-LEACH-BLILEY ACT
5.7 TECHNOLOGY TRENDS
5.7.1 OUT-OF-BAND AUTHENTICATION
5.7.2 BUILT-IN FINGERPRINT READERS
5.7.3 BAKED-IN AUTHENTICATION
5.8 PATENT ANALYSIS
TABLE 6 PATENT ANALYSIS: MULTIFACTOR AUTHENTICATION MARKET
5.9 USE CASES
5.9.1 IDENTITY SOLUTION WITH GDPR FOR THE HEALTHCARE INDUSTRY, BY PING IDENTITY
5.9.2 TO ENABLE CLIENT AND CONSULTANT LAPTOPS TO ACCESS RESOURCES NEEDED TO COMPLETE WORK ACROSS THE GLOBE, BY DUO
5.9.3 FLORIDA COLLEGE IMPLEMENTS MULTI-FACTOR AUTHENTICATION FOR ALMOST 1 MILLION USERS, VIA ONELOGIN SOLUTION
5.9.4 WIPRO DRIVES MOBILE PRODUCTIVITY WITH MICROSOFT CLOUD SECURITY TOOLS TO IMPROVE CUSTOMER ENGAGEMENT
5.9.5 IT GIANT - INFOSYS - DEPLOYS RSA SOLUTIONS TO PROTECT AND MANAGE EXTENSIVE GLOBAL INFRASTRUCTURE
5.10 TRENDS AND DISRUPTIONS IMPACTING THE MFA MARKET
FIGURE 23 TRENDS AND DISRUPTIONS IMPACTING THE MULTI-FACTOR AUTHENTICATION MARKET
5.11 PORTER’S FIVE FORCES ANALYSIS
TABLE 7 PORTER’S FIVE FORCES’ IMPACT ON THE MFA MARKET
5.11.1 THREAT FROM NEW ENTRANTS
5.11.2 THREAT OF SUBSTITUTES
5.11.3 BARGAINING POWER OF SUPPLIERS
5.11.4 BARGAINING POWER OF BUYERS
5.11.5 INTENSITY OF COMPETITIVE RIVALRY
6 MULTI-FACTOR AUTHENTICATION MARKET, BY TYPE (Page No. - 71)
6.1 INTRODUCTION
6.2 PASSWORD AUTHENTICATION
6.2.1 PASSWORD AUTHENTICATION: MARKET DRIVERS
6.3 PASSWORDLESS AUTHENTICATION
6.3.1 PASSWORDLESS AUTHENTICATION: MARKET DRIVERS
7 MULTI-FACTOR AUTHENTICATION MARKET, BY COMPONENT (Page No. - 73)
7.1 INTRODUCTION
FIGURE 24 SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 8 MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 9 MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
7.2 HARDWARE
7.2.1 HARDWARE: MARKET DRIVERS
TABLE 10 HARDWARE: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 11 HARDWARE: MARKET, BY REGION, 2022–2027 (USD MILLION)
7.3 SOLUTIONS
7.3.1 SOLUTIONS: MARKET DRIVERS
TABLE 12 SOLUTIONS: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 13 SOLUTIONS: MARKET, BY REGION, 2022–2027 (USD MILLION)
7.4 SERVICES
7.4.1 SERVICES: MARKET DRIVERS
TABLE 14 SERVICES: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 15 SERVICES: MFA MARKET, BY REGION, 2022–2027 (USD MILLION)
8 MULTI-FACTOR AUTHENTICATION MARKET, BY MODEL TYPE (Page No. - 80)
8.1 INTRODUCTION
FIGURE 25 FOUR-FACTOR AUTHENTICATION SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 16 MFA MARKET, BY MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 17 MARKET, BY MODEL TYPE, 2022–2027 (USD MILLION)
8.2 TWO-FACTOR AUTHENTICATION
8.2.1 TWO-FACTOR AUTHENTICATION: MARKET DRIVERS
TABLE 18 TWO-FACTOR AUTHENTICATION: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 19 TWO-FACTOR AUTHENTICATION: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 20 TWO-FACTOR AUTHENTICATION: MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 21 TWO-FACTOR AUTHENTICATION: MULTI-FACTOR AUTHENTICATION MARKET, BY TYPE, 2022–2027 (USD MILLION)
8.2.2 SMART CARD WITH PIN
TABLE 22 TWO-FACTOR AUTHENTICATION: SMART CARD WITH PIN MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 23 TWO-FACTOR AUTHENTICATION: SMART CARD WITH PIN MARKET, BY REGION, 2022–2027 (USD MILLION)
8.2.3 SMART CARD WITH BIOMETRIC TECHNOLOGY
TABLE 24 TWO-FACTOR AUTHENTICATION: SMART CARD WITH BIOMETRIC TECHNOLOGY MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 25 TWO-FACTOR AUTHENTICATION: SMART CARD WITH BIOMETRIC TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
8.2.4 BIOMETRIC TECHNOLOGY WITH PIN
TABLE 26 TWO-FACTOR AUTHENTICATION: BIOMETRIC TECHNOLOGY WITH PIN MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 27 TWO-FACTOR AUTHENTICATION: BIOMETRIC TECHNOLOGY WITH PIN MARKET, BY REGION, 2022–2027 (USD MILLION)
8.2.5 TWO-FACTOR BIOMETRIC TECHNOLOGY
TABLE 28 TWO-FACTOR AUTHENTICATION: TWO-FACTOR BIOMETRIC TECHNOLOGY MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 29 TWO-FACTOR AUTHENTICATION: TWO-FACTOR BIOMETRIC TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
8.2.6 ONE-TIME PASSWORD WITH PIN
TABLE 30 TWO-FACTOR AUTHENTICATION: ONE-TIME PASSWORD WITH PIN MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 31 TWO-FACTOR AUTHENTICATION: ONE-TIME PASSWORD WITH PIN MARKET, BY REGION, 2022–2027 (USD MILLION)
8.3 THREE-FACTOR AUTHENTICATION
8.3.1 THREE-FACTOR AUTHENTICATION: MULTI-FACTOR AUTHENTICATION MARKET DRIVERS
TABLE 32 THREE-FACTOR AUTHENTICATION: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 33 THREE-FACTOR AUTHENTICATION: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 34 THREE-FACTOR AUTHENTICATION: MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 35 THREE-FACTOR AUTHENTICATION: MFA MARKET, BY TYPE, 2022–2027 (USD MILLION)
8.3.2 SMART CARD WITH PIN AND BIOMETRIC TECHNOLOGY
TABLE 36 THREE-FACTOR AUTHENTICATION: SMART CARD WITH PIN AND BIOMETRIC TECHNOLOGY MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 37 THREE-FACTOR AUTHENTICATION: SMART CARD WITH PIN AND BIOMETRIC TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
8.3.3 SMART CARD WITH TWO-FACTOR BIOMETRIC TECHNOLOGY
TABLE 38 THREE-FACTOR AUTHENTICATION: SMART CARD WITH TWO-FACTOR BIOMETRIC TECHNOLOGY MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 39 THREE-FACTOR AUTHENTICATION: SMART CARD WITH TWO-FACTOR BIOMETRIC TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
8.3.4 PIN WITH TWO-FACTOR BIOMETRIC TECHNOLOGY
TABLE 40 THREE-FACTOR AUTHENTICATION: PIN WITH TWO-FACTOR BIOMETRIC TECHNOLOGY MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 41 THREE-FACTOR AUTHENTICATION: PIN WITH TWO-FACTOR BIOMETRIC TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
8.3.5 THREE-FACTOR BIOMETRIC TECHNOLOGY
TABLE 42 THREE-FACTOR AUTHENTICATION: THREE-FACTOR BIOMETRIC TECHNOLOGY MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 43 THREE-FACTOR AUTHENTICATION: THREE-FACTOR BIOMETRIC TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
8.4 FOUR-FACTOR AUTHENTICATION
8.4.1 FOUR-FACTOR AUTHENTICATION: MULTI-FACTOR AUTHENTICATION MARKET DRIVERS
TABLE 44 FOUR-FACTOR AUTHENTICATION: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 45 FOUR-FACTOR AUTHENTICATION: MARKET, BY REGION, 2022–2027 (USD MILLION)
8.5 FIVE-FACTOR AUTHENTICATION
8.5.1 FIVE-FACTOR AUTHENTICATION: MFA MARKET DRIVERS
TABLE 46 FIVE-FACTOR AUTHENTICATION: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 47 FIVE-FACTOR AUTHENTICATION: MARKET, BY REGION, 2022–2027 (USD MILLION)
9 MULTI-FACTOR AUTHENTICATION MARKET, BY ORGANIZATION SIZE (Page No. - 98)
9.1 INTRODUCTION
FIGURE 26 SMES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
TABLE 48 MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD MILLION)
TABLE 49 MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
9.2 SMALL- AND MEDIUM-SIZED ENTERPRISES
9.2.1 SMALL- AND MEDIUM-SIZED ENTERPRISES: MARKET DRIVERS
TABLE 50 SMALL- AND MEDIUM-SIZED ENTERPRISES: MFA MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 51 SMALL- AND MEDIUM-SIZED ENTERPRISES: MARKET, BY REGION, 2022–2027 (USD MILLION)
9.3 LARGE ENTERPRISES
9.3.1 LARGE ENTERPRISES: MARKET DRIVERS
TABLE 52 LARGE ENTERPRISES: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 53 LARGE ENTERPRISES: MARKET, BY REGION, 2022–2027 (USD MILLION)
10 MULTI-FACTOR AUTHENTICATION MARKET, BY VERTICAL (Page No. - 103)
10.1 INTRODUCTION
FIGURE 27 MEDIA & ENTERTAINMENT SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 54 MARKET, BY VERTICAL, 2016–2021 (USD MILLION)
TABLE 55 MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
10.2 BANKING, FINANCIAL SERVICES, AND INSURANCE
10.2.1 BANKING, FINANCIAL SERVICES, AND INSURANCE: MFA MARKET DRIVERS
TABLE 56 BANKING, FINANCIAL SERVICES, AND INSURANCE: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 57 BANKING, FINANCIAL SERVICES, AND INSURANCE: MARKET, BY REGION, 2022–2027 (USD MILLION)
10.3 GOVERNMENT
10.3.1 GOVERNMENT: MULTI-FACTOR AUTHENTICATION MARKET DRIVERS
TABLE 58 GOVERNMENT: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 59 GOVERNMENT: MARKET, BY REGION, 2022–2027 (USD MILLION)
10.4 TRAVEL & IMMIGRATION
10.4.1 TRAVEL & IMMIGRATION: MARKET DRIVERS
TABLE 60 TRAVEL & IMMIGRATION: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 61 TRAVEL & IMMIGRATION: MARKET, BY REGION, 2022–2027 (USD MILLION)
10.5 MILITARY & DEFENSE
10.5.1 MILITARY & DEFENSE: MARKET DRIVERS
TABLE 62 MILITARY & DEFENSE: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 63 MILITARY & DEFENSE: MARKET, BY REGION, 2022–2027 (USD MILLION)
10.6 COMMERCIAL SECURITY
10.6.1 COMMERCIAL SECURITY: MULTI-FACTOR AUTHENTICATION MARKET DRIVERS
TABLE 64 COMMERCIAL SECURITY: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 65 COMMERCIAL SECURITY: MARKET, BY REGION, 2022–2027 (USD MILLION)
10.7 INFORMATION TECHNOLOGY
10.7.1 INFORMATION TECHNOLOGY: MARKET DRIVERS
TABLE 66 INFORMATION TECHNOLOGY: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 67 INFORMATION TECHNOLOGY: MARKET, BY REGION, 2022–2027 (USD MILLION)
10.8 TELECOMMUNICATIONS
10.8.1 TELECOMMUNICATIONS: MARKET DRIVERS
TABLE 68 TELECOMMUNICATIONS: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 69 TELECOMMUNICATIONS: MARKET, BY REGION, 2022–2027 (USD MILLION)
10.9 HEALTHCARE
10.9.1 HEALTHCARE: MULTI-FACTOR AUTHENTICATION MARKET DRIVERS
TABLE 70 HEALTHCARE: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 71 HEALTHCARE: MARKET, BY REGION, 2022–2027 (USD MILLION)
10.10 MEDIA & ENTERTAINMENT
10.10.1 MEDIA & ENTERTAINMENT: MARKET DRIVERS
TABLE 72 MEDIA & ENTERTAINMENT: MFA MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 73 MEDIA & ENTERTAINMENT: MARKET, BY REGION, 2022–2027 (USD MILLION)
10.11 OTHER VERTICALS
TABLE 74 OTHER VERTICALS: MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 75 OTHER VERTICALS: MARKET, BY REGION, 2022–2027 (USD MILLION)
11 MULTI-FACTOR AUTHENTICATION MARKET, BY REGION (Page No. - 120)
11.1 INTRODUCTION
FIGURE 28 ASIA PACIFIC TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 76 MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 77 MARKET, BY REGION, 2022–2027 (USD MILLION)
11.2 NORTH AMERICA
11.2.1 NORTH AMERICA: MARKET DRIVERS
11.2.2 NORTH AMERICA: REGULATORY LANDSCAPE
FIGURE 29 NORTH AMERICA: MARKET SNAPSHOT
TABLE 78 NORTH AMERICA: MULTI-FACTOR AUTHENTICATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 79 NORTH AMERICA: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 80 NORTH AMERICA: MARKET, BY MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 81 NORTH AMERICA: MARKET, BY MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 82 NORTH AMERICA: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 83 NORTH AMERICA: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 84 NORTH AMERICA: MFA MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 85 NORTH AMERICA: MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 86 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD MILLION)
TABLE 87 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
TABLE 88 NORTH AMERICA: MARKET, BY VERTICAL, 2016–2021 (USD MILLION)
TABLE 89 NORTH AMERICA: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 90 NORTH AMERICA: MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 91 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.2.3 UNITED STATES
TABLE 92 UNITED STATES: MULTI-FACTOR AUTHENTICATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 93 UNITED STATES: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 94 UNITED STATES: MARKET, BY MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 95 UNITED STATES: MARKET, BY MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 96 UNITED STATES: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 97 UNITED STATES: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 98 UNITED STATES: MFA MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 99 UNITED STATES: MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 100 UNITED STATES: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD MILLION)
TABLE 101 UNITED STATES: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
TABLE 102 UNITED STATES: MARKET, BY VERTICAL, 2016–2021 (USD MILLION)
TABLE 103 UNITED STATES: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
11.2.4 CANADA
11.3 EUROPE
11.3.1 EUROPE: MARKET DRIVERS
11.3.2 EUROPE: REGULATORY LANDSCAPE
TABLE 104 EUROPE: MULTI-FACTOR AUTHENTICATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 105 EUROPE: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 106 EUROPE: MARKET, BY MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 107 EUROPE: MARKET, BY MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 108 EUROPE: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 109 EUROPE: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 110 EUROPE: MFA MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 111 EUROPE: MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 112 EUROPE: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD MILLION)
TABLE 113 EUROPE: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
TABLE 114 EUROPE: MARKET, BY VERTICAL, 2016–2021 (USD MILLION)
TABLE 115 EUROPE: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 116 EUROPE: MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 117 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.3.3 UK
TABLE 118 UNITED KINGDOM: MULTI-FACTOR AUTHENTICATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 119 UNITED KINGDOM: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 120 UNITED KINGDOM: MARKET, BY MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 121 UNITED KINGDOM: MARKET, BY MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 122 UNITED KINGDOM: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 123 UNITED KINGDOM: MFA MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 124 UNITED KINGDOM: MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 125 UNITED KINGDOM: MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 126 UNITED KINGDOM: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD MILLION)
TABLE 127 UNITED KINGDOM: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
TABLE 128 UNITED KINGDOM: MARKET, BY VERTICAL, 2016–2021 (USD MILLION)
TABLE 129 UNITED KINGDOM: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
11.3.4 GERMANY
11.3.5 FRANCE
11.3.6 ITALY
11.3.7 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 ASIA PACIFIC: MARKET DRIVERS
11.4.2 ASIA PACIFIC: REGULATORY LANDSCAPE
FIGURE 30 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 130 ASIA PACIFIC: MULTI-FACTOR AUTHENTICATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 131 ASIA PACIFIC: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 132 ASIA PACIFIC: MARKET, BY MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 133 ASIA PACIFIC: MARKET, BY MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 134 ASIA PACIFIC: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 135 ASIA PACIFIC: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 136 ASIA PACIFIC: MFA MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 137 ASIA PACIFIC: MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 138 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD MILLION)
TABLE 139 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
TABLE 140 ASIA PACIFIC: MARKET, BY VERTICAL, 2016–2021 (USD MILLION)
TABLE 141 ASIA PACIFIC: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 142 ASIA PACIFIC: MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 143 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.4.3 AUSTRALIA
TABLE 144 AUSTRALIA: MULTI-FACTOR AUTHENTICATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 145 AUSTRALIA: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 146 AUSTRALIA: MARKET, BY MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 147 AUSTRALIA: MARKET, BY MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 148 AUSTRALIA: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 149 AUSTRALIA: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 150 AUSTRALIA: MFA MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 151 AUSTRALIA: MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 152 AUSTRALIA: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD MILLION)
TABLE 153 AUSTRALIA: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
TABLE 154 AUSTRALIA: MARKET, BY VERTICAL, 2016–2021 (USD MILLION)
TABLE 155 AUSTRALIA: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
11.4.4 INDIA
11.4.5 CHINA
11.4.6 JAPAN
11.4.7 SOUTH KOREA
11.4.8 REST OF ASIA PACIFIC
11.5 MIDDLE EAST & AFRICA
11.5.1 MIDDLE EAST & AFRICA: MARKET DRIVERS
11.5.2 MIDDLE EAST & AFRICA: REGULATORY LANDSCAPE
TABLE 156 MIDDLE EAST & AFRICA: MULTI-FACTOR AUTHENTICATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 157 MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 158 MIDDLE EAST & AFRICA: MARKET, BY MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 159 MIDDLE EAST & AFRICA: MARKET, BY MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 160 MIDDLE EAST & AFRICA: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 161 MIDDLE EAST & AFRICA: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 162 MIDDLE EAST & AFRICA: MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 163 MIDDLE EAST & AFRICA: MFA MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 164 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD MILLION)
TABLE 165 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
TABLE 166 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2016–2021 (USD MILLION)
TABLE 167 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 168 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 169 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.5.3 UNITED ARAB EMIRATES
TABLE 170 UNITED ARAB EMIRATES: MULTI-FACTOR AUTHENTICATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 171 UNITED ARAB EMIRATES: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 172 UNITED ARAB EMIRATES: MARKET, BY MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 173 UNITED ARAB EMIRATES: MARKET, BY MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 174 UNITED ARAB EMIRATES: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 175 UNITED ARAB EMIRATES: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 176 UNITED ARAB EMIRATES: MFA MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 177 UNITED ARAB EMIRATES: MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 178 UNITED ARAB EMIRATES: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD MILLION)
TABLE 179 UNITED ARAB EMIRATES: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
TABLE 180 UNITED ARAB EMIRATES: MARKET, BY VERTICAL, 2016–2021 (USD MILLION)
TABLE 181 UNITED ARAB EMIRATES: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
11.5.4 KINGDOM OF SAUDI ARABIA
11.5.5 REST OF MIDDLE EAST & AFRICA
11.6 LATIN AMERICA
11.6.1 LATIN AMERICA: MARKET DRIVERS
11.6.2 LATIN AMERICA: REGULATORY LANDSCAPE
TABLE 182 LATIN AMERICA: MULTI-FACTOR AUTHENTICATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 183 LATIN AMERICA: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 184 LATIN AMERICA: MARKET, BY MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 185 LATIN AMERICA: MARKET, BY MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 186 LATIN AMERICA: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 187 LATIN AMERICA: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 188 LATIN AMERICA: MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 189 LATIN AMERICA: MFA MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 190 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD MILLION)
TABLE 191 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
TABLE 192 LATIN AMERICA: MARKET, BY VERTICAL, 2016–2021 (USD MILLION)
TABLE 193 LATIN AMERICA: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 194 LATIN AMERICA: MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 195 LATIN AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.6.3 BRAZIL
TABLE 196 BRAZIL: MULTI-FACTOR AUTHENTICATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 197 BRAZIL: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 198 BRAZIL: MARKET, BY MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 199 BRAZIL: MARKET, BY MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 200 BRAZIL: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 201 BRAZIL: MARKET, BY TWO-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 202 BRAZIL: MFA MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2016–2021 (USD MILLION)
TABLE 203 BRAZIL: MARKET, BY THREE-FACTOR AUTHENTICATION MODEL TYPE, 2022–2027 (USD MILLION)
TABLE 204 BRAZIL: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD MILLION)
TABLE 205 BRAZIL: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
TABLE 206 BRAZIL: MARKET, BY VERTICAL, 2016–2021 (USD MILLION)
TABLE 207 BRAZIL: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
11.6.4 REST OF LATIN AMERICA
12 COMPETITIVE LANDSCAPE (Page No. - 189)
12.1 OVERVIEW
12.2 MARKET EVALUATION FRAMEWORK
FIGURE 31 MULTI-FACTOR AUTHENTICATION MARKET: MARKET EVALUATION FRAMEWORK
12.3 HISTORICAL REVENUE ANALYSIS
FIGURE 32 FIVE-YEAR REVENUE ANALYSIS OF KEY MULTI-FACTOR AUTHENTICATION VENDORS (USD MILLION)
12.4 MARKET SHARE ANALYSIS OF LEADING PLAYERS
FIGURE 33 MARKET: REVENUE ANALYSIS
12.5 MARKET STRUCTURE
TABLE 208 MARKET: DEGREE OF COMPETITION
12.6 RANKING OF KEY PLAYERS
FIGURE 34 RANKING OF KEY MARKET PLAYERS
12.6.1 RECENT DEVELOPMENTS
TABLE 209 MARKET: PRODUCT LAUNCHES
TABLE 210 MFA MARKET: DEALS
12.7 COMPANY EVALUATION QUADRANT
12.7.1 COMPANY EVALUATION QUADRANT: DEFINITIONS AND METHODOLOGY
TABLE 211 EVALUATION CRITERIA
12.8 COMPETITIVE BENCHMARKING
12.8.1 COMPANY FOOTPRINT
FIGURE 35 COMPANY FOOTPRINT OF MAJOR PLAYERS IN THE MULTI-FACTOR AUTHENTICATION MARKET
12.9 COMPETITIVE LEADERSHIP MAPPING
12.9.1 STARS
12.9.2 EMERGING LEADERS
12.9.3 PERVASIVE PLAYERS
12.9.4 PARTICIPANTS
FIGURE 36 MFA MARKET, COMPANY EVALUATION QUADRANT
12.10 COMPETITIVE SCENARIO
12.11 STARTUP/SME EVALUATION QUADRANT
12.11.1 PROGRESSIVE COMPANIES
12.11.2 RESPONSIVE COMPANIES
12.11.3 DYNAMIC COMPANIES
12.11.4 STARTING BLOCKS
FIGURE 37 MULTI-FACTOR AUTHENTICATION MARKET, STARTUP/SME EVALUATION QUADRANT
13 COMPANY PROFILES (Page No. - 201)
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
13.1 KEY PLAYERS
13.1.1 MICROSOFT
TABLE 212 MICROSOFT: BUSINESS OVERVIEW
FIGURE 38 MICROSOFT: COMPANY SNAPSHOT
TABLE 213 MICROSOFT: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 214 MICROSOFT: PRODUCT LAUNCHES
TABLE 215 MICROSOFT: DEALS
13.1.2 BROADCOM
TABLE 216 BROADCOM: BUSINESS OVERVIEW
FIGURE 39 BROADCOM: COMPANY SNAPSHOT
TABLE 217 BROADCOM: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 218 BROADCOM: DEALS
13.1.3 ONESPAN
TABLE 219 ONESPAN: BUSINESS OVERVIEW
FIGURE 40 ONESPAN: COMPANY SNAPSHOT
TABLE 220 ONESPAN: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 221 ONESPAN: PRODUCT LAUNCHES
TABLE 222 ONESPAN: DEALS
13.1.4 OKTA
TABLE 223 OKTA: BUSINESS OVERVIEW
FIGURE 41 OKTA: COMPANY SNAPSHOT
TABLE 224 OKTA: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 225 OKTA: PRODUCT LAUNCHES
TABLE 226 OKTA: DEALS
13.1.5 MICRO FOCUS
TABLE 227 MICRO FOCUS: BUSINESS OVERVIEW
FIGURE 42 MICRO FOCUS: COMPANY SNAPSHOT
TABLE 228 MICRO FOCUS: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 229 MICRO FOCUS: PRODUCT LAUNCHES
TABLE 230 MICRO FOCUS: DEALS
13.1.6 THALES
TABLE 231 THALES: BUSINESS OVERVIEW
FIGURE 43 THALES: COMPANY SNAPSHOT
TABLE 232 THALES: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 233 THALES: PRODUCT LAUNCHES
TABLE 234 THALES: DEALS
13.1.7 RSA SECURITY
TABLE 235 RSA SECURITY: BUSINESS OVERVIEW
TABLE 236 RSA SECURITY: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 237 RSA SECURITY: PRODUCT LAUNCHES
TABLE 238 RSA SECURITY: DEALS
13.1.8 CISCO
TABLE 239 CISCO: BUSINESS OVERVIEW
FIGURE 44 CISCO: COMPANY SNAPSHOT
TABLE 240 CISCO: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 241 CISCO: PRODUCT LAUNCHES
TABLE 242 CISCO: DEALS
13.1.9 PING IDENTITY
TABLE 243 PING IDENTITY: BUSINESS OVERVIEW
FIGURE 45 PING IDENTITY: COMPANY SNAPSHOT
TABLE 244 PING IDENTITY: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 245 PING IDENTITY: PRODUCT LAUNCHES
TABLE 246 PING IDENTITY: DEALS
13.1.10 HID GLOBAL
TABLE 247 HID GLOBAL: BUSINESS OVERVIEW
TABLE 248 HID GLOBAL: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 249 HID GLOBAL: PRODUCT LAUNCHES
TABLE 250 HID GLOBAL: DEALS
13.1.11 ESET
TABLE 251 ESET: BUSINESS OVERVIEW
TABLE 252 ESET: PRODUCT/SOLUTION/SERVICE OFFERINGS
TABLE 253 ESET: PRODUCT LAUNCHES
TABLE 254 ESET: DEALS
13.1.12 YUBICO
13.1.13 FORGEROCK
13.1.14 CYBERARK
13.1.15 ONELOGIN
13.1.16 SECUREAUTH
13.1.17 ORACLE
13.1.18 SALESFORCE
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
13.2 OTHER PLAYERS
13.2.1 SECRET DOUBLE OCTOPUS
13.2.2 SILVERFORT
13.2.3 TRUSONA
13.2.4 FUSIONAUTH
13.2.5 HYPR
13.2.6 KEYLESS
13.2.7 LUXCHAIN
14 ADJACENT MARKETS (Page No. - 249)
TABLE 255 ADJACENT MARKETS AND FORECASTS
14.1 LIMITATIONS
14.2 IDENTITY AND ACCESS MANAGEMENT MARKET
14.2.1 INCLUSIONS AND EXCLUSIONS
TABLE 256 IDENTITY AND ACCESS MANAGEMENT MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 257 IDENTITY AND ACCESS MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 258 IDENTITY AND ACCESS MANAGEMENT MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 259 IDENTITY AND ACCESS MANAGEMENT MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 260 IDENTITY AND ACCESS MANAGEMENT MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 261 IDENTITY AND ACCESS MANAGEMENT MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 262 IDENTITY AND ACCESS MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2016–2021 (USD MILLION)
TABLE 263 IDENTITY AND ACCESS MANAGEMENT MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
TABLE 264 IDENTITY AND ACCESS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD MILLION)
TABLE 265 IDENTITY AND ACCESS MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
TABLE 266 IDENTITY AND ACCESS MANAGEMENT MARKET, BY VERTICAL, 2016–2021 (USD MILLION)
TABLE 267 IDENTITY AND ACCESS MANAGEMENT MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 268 IDENTITY AND ACCESS MANAGEMENT MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 269 IDENTITY AND ACCESS MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
14.3 DIGITAL IDENTITY SOLUTIONS MARKET
14.3.1 INCLUSIONS AND EXCLUSIONS
TABLE 270 DIGITAL IDENTITY SOLUTIONS MARKET, BY COMPONENT, 2016–2020 (USD MILLION)
TABLE 271 DIGITAL IDENTITY SOLUTIONS MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
TABLE 272 DIGITAL IDENTITY SOLUTIONS MARKET, BY SOLUTION TYPE, 2016–2020 (USD MILLION)
TABLE 273 DIGITAL IDENTITY SOLUTIONS MARKET, BY SOLUTION TYPE, 2021–2026 (USD MILLION)
TABLE 274 DIGITAL IDENTITY SOLUTIONS MARKET, BY AUTHENTICATION TYPE, 2016–2020 (USD MILLION)
TABLE 275 DIGITAL IDENTITY SOLUTIONS MARKET, BY AUTHENTICATION TYPE, 2021–2026 (USD MILLION)
TABLE 276 DIGITAL IDENTITY SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2016–2020 (USD MILLION)
TABLE 277 DIGITAL IDENTITY SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
TABLE 278 DIGITAL IDENTITY SOLUTIONS MARKET, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION)
TABLE 279 DIGITAL IDENTITY SOLUTIONS MARKET, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
TABLE 280 DIGITAL IDENTITY SOLUTIONS MARKET, BY VERTICAL, 2016–2020 (USD MILLION)
TABLE 281 DIGITAL IDENTITY SOLUTIONS MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 282 DIGITAL IDENTITY SOLUTIONS MARKET, BY REGION, 2016–2020 (USD MILLION)
TABLE 283 DIGITAL IDENTITY SOLUTIONS MARKET, BY REGION, 2021–2026 (USD MILLION)
14.4 RISK-BASED AUTHENTICATION MARKET
14.4.1 MARKET DEFINITION
TABLE 284 RISK-BASED AUTHENTICATION MARKET, BY DEPLOYMENT MODE, 2016–2023 (USD MILLION)
TABLE 285 ON-PREMISES: RISK-BASED AUTHENTICATION MARKET, BY REGION, 2016–2023 (USD MILLION)
15 APPENDIX (Page No. - 262)
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 AVAILABLE CUSTOMIZATIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
The study involved major activities in estimating the current market size for the multi-factor authentication market. Exhaustive secondary research was done to collect information on the MFA industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches like top-down, bottom up were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and sub segments of the MFA market.
Secondary Research
In the secondary research process, various sources were referred to for identifying and collecting information for this study. The secondary sources included annual reports, press releases, investor presentations of companies; white papers, journals, certified publications; and articles from recognized authors, directories, and databases. The cybersecurity investment and spending of various countries were extracted from their respective security associations, such as the US Department of Homeland Security (DHS) and European Union Agency for Cybersecurity (ENISA). Secondary research was mainly used to obtain key information about the industry’s value chain and supply chain to identify key players according to their offerings and industry trends related to technology, application, and region and key developments from both market- and technology-oriented perspectives.
Primary Research
Various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information for this report in the primary research process. The primary sources from the supply side included various industry experts, including Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the MFA market.
In the market engineering process, top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. The complete market engineering process was extensive qualitative and quantitative analysis to list key information/insights throughout the report.
After the complete market engineering process (calculations for market statistics, market breakups, market size estimations, market forecasts, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. The primary research was also conducted to identify the segmentation types; industry trends; the competitive landscape of the MFA market players; and the key market dynamics, such as drivers, restraints, opportunities, challenges, and key strategies.
Following is the breakup of the primary respondents:
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Market Size Estimation
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Top-down and bottom-up approaches were used to estimate and validate the size of the global multi-factor authentication market and estimate the size of various other dependent subsegments. The research methodology used to estimate the market size included the following details:
- The key players in the market were identified through secondary research, and their revenue contributions in respective regions were determined through primary and secondary research.
- This entire procedure included studying the annual and financial reports of top market players and extensive interviews for key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives.
- All percentage splits and breakups were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, and forecast the Multi-Factor Authentication (MFA) market based on component, model type, organization size, vertical, and region
- To provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the MFA market
- To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America
- To analyze the subsegments of the market with respect to individual growth trends, prospects, and contributions to the overall market
- To profile the key players of the MFA market and comprehensively analyze their market size and core competencies
- To profile the key players and comprehensively analyze their market rankings and core competencies
- To map the competitive intelligence based on company profiles, key player strategies, and game-changing developments such as product developments, collaborations, and acquisitions
- To track and analyze the competitive developments, such as product enhancements and new product launches; acquisitions; and partnerships and collaborations, in the MFA market globally
Available customizations
With the given market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:
Geographic Analysis
- Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
- Further breakup of the North American market into countries contributing 75% to the regional market size
- Further breakup of the Latin American market into countries contributing 75% to the regional market size
- Further breakup of the Middle Eastern & African market into countries contributing 75% to the regional market size
- Further breakup of the European market into countries contributing 75% to the regional market size
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Multi-Factor Authentication Market
Understanding of the multi-factor authentication and their technologies.