Global Multifactor Authentication Market Research Report 2023

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 Multifactor Authentication market was valued at US$ 13760 million in 2022 and is anticipated to reach US$ 19760 million by 2029, witnessing a CAGR of 6.2% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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 Multifactor Authentication, 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 Multifactor Authentication.

The Multifactor Authentication market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Multifactor Authentication 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 Multifactor Authentication companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Multifactor Authentication Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Two-Factor

1.2.3 Three-Factor

1.2.4 Four-Factor

1.2.5 Five-Factor

1.3 Market by Application

1.3.1 Global Multifactor Authentication Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Financial Services

1.3.3 Administrative

1.3.4 Media

1.3.5 Entertainment

1.3.6 Telecommunications

1.3.7 Other

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Multifactor Authentication Market Perspective (2018-2029)

2.2 Multifactor Authentication Growth Trends by Region

2.2.1 Global Multifactor Authentication Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Multifactor Authentication Historic Market Size by Region (2018-2023)

2.2.3 Multifactor Authentication Forecasted Market Size by Region (2024-2029)

2.3 Multifactor Authentication Market Dynamics

2.3.1 Multifactor Authentication Industry Trends

2.3.2 Multifactor Authentication Market Drivers

2.3.3 Multifactor Authentication Market Challenges

2.3.4 Multifactor Authentication Market Restraints

3.1 Global Top Multifactor Authentication Players by Revenue

3.1.1 Global Top Multifactor Authentication Players by Revenue (2018-2023)

3.1.2 Global Multifactor Authentication Revenue Market Share by Players (2018-2023)

3.2 Global Multifactor Authentication Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Multifactor Authentication Revenue

3.4 Global Multifactor Authentication Market Concentration Ratio

3.4.1 Global Multifactor Authentication Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Multifactor Authentication Revenue in 2022

3.5 Multifactor Authentication Key Players Head office and Area Served

3.6 Key Players Multifactor Authentication Product Solution and Service

3.7 Date of Enter into Multifactor Authentication Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Multifactor Authentication Historic Market Size by Type (2018-2023)

4.2 Global Multifactor Authentication Forecasted Market Size by Type (2024-2029)

5.1 Global Multifactor Authentication Historic Market Size by Application (2018-2023)

5.2 Global Multifactor Authentication Forecasted Market Size by Application (2024-2029)

6.1 North America Multifactor Authentication Market Size (2018-2029)

6.2 North America Multifactor Authentication Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Multifactor Authentication Market Size by Country (2018-2023)

6.4 North America Multifactor Authentication Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Multifactor Authentication Market Size (2018-2029)

7.2 Europe Multifactor Authentication Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Multifactor Authentication Market Size by Country (2018-2023)

7.4 Europe Multifactor Authentication Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Multifactor Authentication Market Size (2018-2029)

8.2 Asia-Pacific Multifactor Authentication Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Multifactor Authentication Market Size by Region (2018-2023)

8.4 Asia-Pacific Multifactor Authentication Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Multifactor Authentication Market Size (2018-2029)

9.2 Latin America Multifactor Authentication Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Multifactor Authentication Market Size by Country (2018-2023)

9.4 Latin America Multifactor Authentication Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Multifactor Authentication Market Size (2018-2029)

10.2 Middle East & Africa Multifactor Authentication Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Multifactor Authentication Market Size by Country (2018-2023)

10.4 Middle East & Africa Multifactor Authentication Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 SAFRAN

11.1.1 SAFRAN Company Detail

11.1.2 SAFRAN Business Overview

11.1.3 SAFRAN Multifactor Authentication Introduction

11.1.4 SAFRAN Revenue in Multifactor Authentication Business (2018-2023)

11.1.5 SAFRAN Recent Development

11.2 NEC

11.2.1 NEC Company Detail

11.2.2 NEC Business Overview

11.2.3 NEC Multifactor Authentication Introduction

11.2.4 NEC Revenue in Multifactor Authentication Business (2018-2023)

11.2.5 NEC Recent Development

11.3 3M

11.3.1 3M Company Detail

11.3.2 3M Business Overview

11.3.3 3M Multifactor Authentication Introduction

11.3.4 3M Revenue in Multifactor Authentication Business (2018-2023)

11.3.5 3M Recent Development

11.4 GEMALTO

11.4.1 GEMALTO Company Detail

11.4.2 GEMALTO Business Overview

11.4.3 GEMALTO Multifactor Authentication Introduction

11.4.4 GEMALTO Revenue in Multifactor Authentication Business (2018-2023)

11.4.5 GEMALTO Recent Development

11.5 RSA SECURITY

11.5.1 RSA SECURITY Company Detail

11.5.2 RSA SECURITY Business Overview

11.5.3 RSA SECURITY Multifactor Authentication Introduction

11.5.4 RSA SECURITY Revenue in Multifactor Authentication Business (2018-2023)

11.5.5 RSA SECURITY Recent Development

11.6 HID GLOBAL

11.6.1 HID GLOBAL Company Detail

11.6.2 HID GLOBAL Business Overview

11.6.3 HID GLOBAL Multifactor Authentication Introduction

11.6.4 HID GLOBAL Revenue in Multifactor Authentication Business (2018-2023)

11.6.5 HID GLOBAL Recent Development

11.7 Broadcom

11.7.1 Broadcom Company Detail

11.7.2 Broadcom Business Overview

11.7.3 Broadcom Multifactor Authentication Introduction

11.7.4 Broadcom Revenue in Multifactor Authentication Business (2018-2023)

11.7.5 Broadcom Recent Development

11.8 FUJITSU

11.8.1 FUJITSU Company Detail

11.8.2 FUJITSU Business Overview

11.8.3 FUJITSU Multifactor Authentication Introduction

11.8.4 FUJITSU Revenue in Multifactor Authentication Business (2018-2023)

11.8.5 FUJITSU Recent Development

11.9 VASCO DATA SECURITY INTERNATIONAL

11.9.1 VASCO DATA SECURITY INTERNATIONAL Company Detail

11.9.2 VASCO DATA SECURITY INTERNATIONAL Business Overview

11.9.3 VASCO DATA SECURITY INTERNATIONAL Multifactor Authentication Introduction

11.9.4 VASCO DATA SECURITY INTERNATIONAL Revenue in Multifactor Authentication Business (2018-2023)

11.9.5 VASCO DATA SECURITY INTERNATIONAL Recent Development

11.10 SUPREMA HQ

11.10.1 SUPREMA HQ Company Detail

11.10.2 SUPREMA HQ Business Overview

11.10.3 SUPREMA HQ Multifactor Authentication Introduction

11.10.4 SUPREMA HQ Revenue in Multifactor Authentication Business (2018-2023)

11.10.5 SUPREMA HQ Recent Development

11.11 CROSSMATCH

11.11.1 CROSSMATCH Company Detail

11.11.2 CROSSMATCH Business Overview

11.11.3 CROSSMATCH Multifactor Authentication Introduction

11.11.4 CROSSMATCH Revenue in Multifactor Authentication Business (2018-2023)

11.11.5 CROSSMATCH Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Multifactor Authentication Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Two-Factor

    Table 3. Key Players of Three-Factor

    Table 4. Key Players of Four-Factor

    Table 5. Key Players of Five-Factor

    Table 6. Global Multifactor Authentication Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 7. Global Multifactor Authentication Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 8. Global Multifactor Authentication Market Size by Region (2018-2023) & (US$ Million)

    Table 9. Global Multifactor Authentication Market Share by Region (2018-2023)

    Table 10. Global Multifactor Authentication Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 11. Global Multifactor Authentication Market Share by Region (2024-2029)

    Table 12. Multifactor Authentication Market Trends

    Table 13. Multifactor Authentication Market Drivers

    Table 14. Multifactor Authentication Market Challenges

    Table 15. Multifactor Authentication Market Restraints

    Table 16. Global Multifactor Authentication Revenue by Players (2018-2023) & (US$ Million)

    Table 17. Global Multifactor Authentication Market Share by Players (2018-2023)

    Table 18. Global Top Multifactor Authentication Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Multifactor Authentication as of 2022)

    Table 19. Ranking of Global Top Multifactor Authentication Companies by Revenue (US$ Million) in 2022

    Table 20. Global 5 Largest Players Market Share by Multifactor Authentication Revenue (CR5 and HHI) & (2018-2023)

    Table 21. Key Players Headquarters and Area Served

    Table 22. Key Players Multifactor Authentication Product Solution and Service

    Table 23. Date of Enter into Multifactor Authentication Market

    Table 24. Mergers & Acquisitions, Expansion Plans

    Table 25. Global Multifactor Authentication Market Size by Type (2018-2023) & (US$ Million)

    Table 26. Global Multifactor Authentication Revenue Market Share by Type (2018-2023)

    Table 27. Global Multifactor Authentication Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 28. Global Multifactor Authentication Revenue Market Share by Type (2024-2029)

    Table 29. Global Multifactor Authentication Market Size by Application (2018-2023) & (US$ Million)

    Table 30. Global Multifactor Authentication Revenue Market Share by Application (2018-2023)

    Table 31. Global Multifactor Authentication Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 32. Global Multifactor Authentication Revenue Market Share by Application (2024-2029)

    Table 33. North America Multifactor Authentication Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 34. North America Multifactor Authentication Market Size by Country (2018-2023) & (US$ Million)

    Table 35. North America Multifactor Authentication Market Size by Country (2024-2029) & (US$ Million)

    Table 36. Europe Multifactor Authentication Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 37. Europe Multifactor Authentication Market Size by Country (2018-2023) & (US$ Million)

    Table 38. Europe Multifactor Authentication Market Size by Country (2024-2029) & (US$ Million)

    Table 39. Asia-Pacific Multifactor Authentication Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 40. Asia-Pacific Multifactor Authentication Market Size by Region (2018-2023) & (US$ Million)

    Table 41. Asia-Pacific Multifactor Authentication Market Size by Region (2024-2029) & (US$ Million)

    Table 42. Latin America Multifactor Authentication Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 43. Latin America Multifactor Authentication Market Size by Country (2018-2023) & (US$ Million)

    Table 44. Latin America Multifactor Authentication Market Size by Country (2024-2029) & (US$ Million)

    Table 45. Middle East & Africa Multifactor Authentication Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 46. Middle East & Africa Multifactor Authentication Market Size by Country (2018-2023) & (US$ Million)

    Table 47. Middle East & Africa Multifactor Authentication Market Size by Country (2024-2029) & (US$ Million)

    Table 48. SAFRAN Company Detail

    Table 49. SAFRAN Business Overview

    Table 50. SAFRAN Multifactor Authentication Product

    Table 51. SAFRAN Revenue in Multifactor Authentication Business (2018-2023) & (US$ Million)

    Table 52. SAFRAN Recent Development

    Table 53. NEC Company Detail

    Table 54. NEC Business Overview

    Table 55. NEC Multifactor Authentication Product

    Table 56. NEC Revenue in Multifactor Authentication Business (2018-2023) & (US$ Million)

    Table 57. NEC Recent Development

    Table 58. 3M Company Detail

    Table 59. 3M Business Overview

    Table 60. 3M Multifactor Authentication Product

    Table 61. 3M Revenue in Multifactor Authentication Business (2018-2023) & (US$ Million)

    Table 62. 3M Recent Development

    Table 63. GEMALTO Company Detail

    Table 64. GEMALTO Business Overview

    Table 65. GEMALTO Multifactor Authentication Product

    Table 66. GEMALTO Revenue in Multifactor Authentication Business (2018-2023) & (US$ Million)

    Table 67. GEMALTO Recent Development

    Table 68. RSA SECURITY Company Detail

    Table 69. RSA SECURITY Business Overview

    Table 70. RSA SECURITY Multifactor Authentication Product

    Table 71. RSA SECURITY Revenue in Multifactor Authentication Business (2018-2023) & (US$ Million)

    Table 72. RSA SECURITY Recent Development

    Table 73. HID GLOBAL Company Detail

    Table 74. HID GLOBAL Business Overview

    Table 75. HID GLOBAL Multifactor Authentication Product

    Table 76. HID GLOBAL Revenue in Multifactor Authentication Business (2018-2023) & (US$ Million)

    Table 77. HID GLOBAL Recent Development

    Table 78. Broadcom Company Detail

    Table 79. Broadcom Business Overview

    Table 80. Broadcom Multifactor Authentication Product

    Table 81. Broadcom Revenue in Multifactor Authentication Business (2018-2023) & (US$ Million)

    Table 82. Broadcom Recent Development

    Table 83. FUJITSU Company Detail

    Table 84. FUJITSU Business Overview

    Table 85. FUJITSU Multifactor Authentication Product

    Table 86. FUJITSU Revenue in Multifactor Authentication Business (2018-2023) & (US$ Million)

    Table 87. FUJITSU Recent Development

    Table 88. VASCO DATA SECURITY INTERNATIONAL Company Detail

    Table 89. VASCO DATA SECURITY INTERNATIONAL Business Overview

    Table 90. VASCO DATA SECURITY INTERNATIONAL Multifactor Authentication Product

    Table 91. VASCO DATA SECURITY INTERNATIONAL Revenue in Multifactor Authentication Business (2018-2023) & (US$ Million)

    Table 92. VASCO DATA SECURITY INTERNATIONAL Recent Development

    Table 93. SUPREMA HQ Company Detail

    Table 94. SUPREMA HQ Business Overview

    Table 95. SUPREMA HQ Multifactor Authentication Product

    Table 96. SUPREMA HQ Revenue in Multifactor Authentication Business (2018-2023) & (US$ Million)

    Table 97. SUPREMA HQ Recent Development

    Table 98. CROSSMATCH Company Detail

    Table 99. CROSSMATCH Business Overview

    Table 100. CROSSMATCH Multifactor Authentication Product

    Table 101. CROSSMATCH Revenue in Multifactor Authentication Business (2018-2023) & (US$ Million)

    Table 102. CROSSMATCH Recent Development

    Table 103. Research Programs/Design for This Report

    Table 104. Key Data Information from Secondary Sources

    Table 105. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Multifactor Authentication Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Multifactor Authentication Market Share by Type: 2022 VS 2029

    Figure 3. Two-Factor Features

    Figure 4. Three-Factor Features

    Figure 5. Four-Factor Features

    Figure 6. Five-Factor Features

    Figure 7. Global Multifactor Authentication Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 8. Global Multifactor Authentication Market Share by Application: 2022 VS 2029

    Figure 9. Financial Services Case Studies

    Figure 10. Administrative Case Studies

    Figure 11. Media Case Studies

    Figure 12. Entertainment Case Studies

    Figure 13. Telecommunications Case Studies

    Figure 14. Other Case Studies

    Figure 15. Multifactor Authentication Report Years Considered

    Figure 16. Global Multifactor Authentication Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 17. Global Multifactor Authentication Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 18. Global Multifactor Authentication Market Share by Region: 2022 VS 2029

    Figure 19. Global Multifactor Authentication Market Share by Players in 2022

    Figure 20. Global Top Multifactor Authentication Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Multifactor Authentication as of 2022)

    Figure 21. The Top 10 and 5 Players Market Share by Multifactor Authentication Revenue in 2022

    Figure 22. North America Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. North America Multifactor Authentication Market Share by Country (2018-2029)

    Figure 24. United States Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. Canada Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. Europe Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Europe Multifactor Authentication Market Share by Country (2018-2029)

    Figure 28. Germany Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. France Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. U.K. Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Italy Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. Russia Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Nordic Countries Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. Asia-Pacific Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. Asia-Pacific Multifactor Authentication Market Share by Region (2018-2029)

    Figure 36. China Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Japan Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. South Korea Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Southeast Asia Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. India Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Australia Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Latin America Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Latin America Multifactor Authentication Market Share by Country (2018-2029)

    Figure 44. Mexico Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. Brazil Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 46. Middle East & Africa Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 47. Middle East & Africa Multifactor Authentication Market Share by Country (2018-2029)

    Figure 48. Turkey Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 49. Saudi Arabia Multifactor Authentication Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 50. SAFRAN Revenue Growth Rate in Multifactor Authentication Business (2018-2023)

    Figure 51. NEC Revenue Growth Rate in Multifactor Authentication Business (2018-2023)

    Figure 52. 3M Revenue Growth Rate in Multifactor Authentication Business (2018-2023)

    Figure 53. GEMALTO Revenue Growth Rate in Multifactor Authentication Business (2018-2023)

    Figure 54. RSA SECURITY Revenue Growth Rate in Multifactor Authentication Business (2018-2023)

    Figure 55. HID GLOBAL Revenue Growth Rate in Multifactor Authentication Business (2018-2023)

    Figure 56. Broadcom Revenue Growth Rate in Multifactor Authentication Business (2018-2023)

    Figure 57. FUJITSU Revenue Growth Rate in Multifactor Authentication Business (2018-2023)

    Figure 58. VASCO DATA SECURITY INTERNATIONAL Revenue Growth Rate in Multifactor Authentication Business (2018-2023)

    Figure 59. SUPREMA HQ Revenue Growth Rate in Multifactor Authentication Business (2018-2023)

    Figure 60. CROSSMATCH Revenue Growth Rate in Multifactor Authentication Business (2018-2023)

    Figure 61. Bottom-up and Top-down Approaches for This Report

    Figure 62. Data Triangulation

    Figure 63. Key Executives Interviewed