Global Multi-Factor Authentication Market: Trends and Forecast (2022-2027)

Dec 2022| IFT261A| BCC Publishing
Sample Report

Report Highlights

The global multi-factor authentication market should reach $29.1 billion by 2027 from $13.9 billion in 2022 at a compound annual growth rate (CAGR) of 15.9% for the forecast period of 2022 to 2027.

Report Includes

  • 50 data tables and 27 additional tables
  • A comprehensive overview of the global market for multi-factor authentication (MFA) process
  • Analyses of the global market trends, with historic revenue data for 2021, estimates for 2022, market forecasts for 2023 and 2025, and projections of compound annual growth rates (CAGRs) through 2027
  • Coverage of the technological, economic, and business considerations of the global multi-factor authentication market, with analyses and growth forecasts over the next few years (2022-2027)
  • Estimation of the actual market size and revenue forecast for multi-factor authentication market, and corresponding market share analysis based on component, type of authentication model, organization size, end-user industry, and geographic region
  • Highlights of the emerging technology trends, opportunities and gaps estimating demand for global multi-factor authentication market, and impact of COVID-19 on the progress of this market
  • Identification of the companies best positioned to meet this demand owing to or in conjunction with their proprietary technologies, product launches, M&A deals, and other market strategic advantages
  • In-depth information (facts and figures) concerning major market dynamics, technology advancements, value chain analysis, and competitive environment of the leading market players
  • Number of published patents and patent applications for MFA technologies across various regions
  • Descriptive company profiles of the leading market players, including Broadcom Inc., Entrust Corp., Microsoft Corp., Oracle Corp., RSA Security LLC, SecureAuth Corp. and Yubico AB

Report Scope

The scope of the report includes an overview of the global MFA market and an analysis of global market trends, with data from 2021 (the base year) and estimates for 2022 through 2027, with projections of CAGR for the forecast period. Revenue forecasts for this period are segmented based on component, authentication model type, organization size, industry and geography.

This report also includes a discussion of technological, regulatory and competitive elements as well as economic trends affecting the market. It explains the major drivers and regional dynamics of the global MFA market and current trends within the industry. This report concludes with detailed profiles of the main vendors in the global market.

Frequently Asked Questions (FAQs)

The market is projected to reach $29.1 billion by 2027, growing at a CAGR of 15.9%.
The key factors driving the market include increased security breach incidences, growing popularity of smartphone authentication apps, better integration of authentication methods, etc.
By Component, Authentication Model Type, Size of Organization and Industry.
By Component, Software segment is expected to dominate the market by the end of 2027.
Key companies in the market include Broadcom Inc., Duo Security Inc., Entrust Corp., ForgeRock Inc., Thales DIS, HID Global Corp., Microsoft Corp., Okta Inc., OneLogin Inc., OneSpan Inc., Oracle Corp., Ping Identity Corp., RSA Security LLC, SecureAuth Corp., Yubico AB.

Analyst Credentials

BCC Publishing Staff comprises expert analysts who are skilled in conducting primary research, secondary research and data analysis and have decades of combined experience covering a wide range of industries, including healthcare, advanced materials and emerging technologies. Collectively, the team represents a diverse set of educational achievements with individual graduate work completed in fields such as microbiology, electrical engineering, business administration and surgery, among others.

Report Synopsis

Report Metrics Details
Base year considered 2021
Forecast period considered 2022 to 2027
Base year market size $12.1 billion
Market size forecast $29.1 billion
Growth rate CAGR of 15.9% for the forecast period of 2022-2027
Units considered $ Millions
Segments covered Component, Authentication Model Type, Organization Size, and Industry
Regions covered North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa
Countries covered U.S., Canada, U.K., Germany, France, Russia, and Rest of Europe
Key Market Drivers
  • Increased Security Breach Incidences
  • Growing Popularity of Smartphone Authentication Apps
  • Better Integration of Authentication Methods
  • Continued Evolution of Biometrics
  • Betterment of Fast Identity Online (FIDO) Support
  • Incorporation of Step-Up or Risk-Based Authentication
  • Complexities in Implementing and Using MFA
  • Lack of Awareness About Internet Security
  • Lack of Security Experts
  • Rising Adoption of Interconnected Devices in the IoT Environment
Companies studied
BROADCOM INC.
DUO SECURITY INC. (CISCO SYSTEMS INC.)
ENTRUST CORP.
FORGEROCK INC.
HID GLOBAL CORP. (ASSA ABLOY AB)
MICRO FOCUS INTERNATIONAL PLC
MICROSOFT CORP.
OKTA INC.
ONELOGIN INC. (ONE IDENTITY)
ONESPAN INC.
ORACLE CORP.
PING IDENTITY CORP.
RSA SECURITY LLC
SECUREAUTH CORP.
THALES DIS (THALES GROUP)
YUBICO AB

Table of Contents & Pricing

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesPrice Member Price
Full Report: Global Multi-Factor Authentication Market: Trends and Forecast (2022-2027)153 $5,500 Free
Chapter- 1: Introduction9Free DownloadFree
Chapter- 2: Summary and Highlights3$250Free
Chapter- 3: Market Overview12$434Free
Chapter- 4: Market Dynamics6$217Free
Chapter- 5: Technology Snapshot5$181Free
Chapter- 6: Market Breakdown by Component8$289Free
Chapter- 7: Market Breakdown by Authentication Model Type7$253Free
Chapter- 8: Market Breakdown by Organization Size6$217Free
Chapter- 9: Market Breakdown by Industry15$543Free
Chapter- 10: Market Breakdown by Region36$1,303Free
Chapter- 11: Patent Analysis8$289Free
Chapter- 12: Company Profiles38$1,375Free
Chapter- 13: Appendix: List of Abbreviations1$36Free
Global Multi-Factor Authentication Market: Trends and Forecast (2022-2027)

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