Multi-Factor Authentication (MFA) Market 2019 Global Analysis, Opportunities and Forecast to 2024

This report covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies

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.
Banking, financial services and insurance (BFSI) segment contributed a largest market share during the forecast period owing to growing need for secure identification and verification techniques. By geography, North America commanded the largest market share due to plenty IT infrastructures and more financial institutions & companies in this region.

Multi-factor authentication (MFA) comes with different models such as two-factor authentication, three-factor authentication, four-factor authentication, and five-factor authentication. The two-factor authentication includes smart card with pin, smart card with biometric technology, biometric technology with pin, two biometric authentications, and one time password with pin. The three authentications include smart card with pin and biometric technology, smart card with two biometric technologies, pin with two biometric technologies, and three biometric authentications. On the other hand, four- and five-factor authentication includes the use of smart card and pin with more than one biometric technology such as face recognition, fingerprint recognition, voice recognition, and so on. MFA model using two factors is gaining popularityin the market; occupying almost 90.88% of its share as of 2017, followed by three-, four-, and five-factor authentication respectively.

MFA is popular due to the high degree of security and is much better than a single username and password combination. Different models of MFA have found various applications in verticals: BFSI, government, immigration & travel, commercial security, electronics and healthcare.

According to this study, over the next five years the Multi-Factor Authentication (MFA) market will register a 18.0% CAGR in terms of revenue, the global market size will reach US$ 16800 million by 2024, from US$ 6230 million in 2019. In particular, this report presents the global revenue market share of key companies in Multi-Factor Authentication (MFA) business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Multi-Factor Authentication (MFA) market by product type, application, key companies and key regions.

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This study considers the Multi-Factor Authentication (MFA) value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Two-Factor Authentication
Three-Factor Authentication

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Banking and Finance
Travel and Immigration
Military and Defense
Commercial Security
Consumer Electronics

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Morpho (France)
Gemalto (Netherlands)
NEC (Japan)
Entrust Inc. (US)
CA Technologies (US)
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)

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Multi-Factor Authentication (MFA) market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Multi-Factor Authentication (MFA) market by identifying its various subsegments.
Focuses on the key global Multi-Factor Authentication (MFA) players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Multi-Factor Authentication (MFA) with respect to individual growth trends, future prospects, and their contribution to the total market.

Table of Contents

2019-2024 Global Multi-Factor Authentication (MFA) Market Report (Status and Outlook)

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Multi-Factor Authentication (MFA) Market Size 2014-2024
2.1.2 Multi-Factor Authentication (MFA) Market Size CAGR by Region
2.2 Multi-Factor Authentication (MFA) Segment by Type
2.2.1 Two-Factor Authentication
2.2.2 Three-Factor Authentication
2.2.3 Other (Four-Factor Authentication and Five-Factor Authentication)
2.3 Multi-Factor Authentication (MFA) Market Size by Type
2.3.1 Global Multi-Factor Authentication (MFA) Market Size Market Share by Type (2014-2019)
2.3.2 Global Multi-Factor Authentication (MFA) Market Size Growth Rate by Type (2014-2019)
2.4 Multi-Factor Authentication (MFA) Segment by Application
2.4.1 Banking and Finance
2.4.2 Government
2.4.3 Travel and Immigration
2.4.4 Military and Defense
2.4.5 Commercial Security
2.4.6 Consumer Electronics
2.4.7 Healthcare
2.4.8 Other
2.5 Multi-Factor Authentication (MFA) Market Size by Application
2.5.1 Global Multi-Factor Authentication (MFA) Market Size Market Share by Application (2014-2019)
2.5.2 Global Multi-Factor Authentication (MFA) Market Size Growth Rate by Application (2014-2019)

3 Global Multi-Factor Authentication (MFA) by Players
3.1 Global Multi-Factor Authentication (MFA) Market Size Market Share by Players
3.1.1 Global Multi-Factor Authentication (MFA) Market Size by Players (2017-2019)
3.1.2 Global Multi-Factor Authentication (MFA) Market Size Market Share by Players (2017-2019)
3.2 Global Multi-Factor Authentication (MFA) Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion


11 Key Players Analysis
11.1 Morpho (France)
11.1.1 Company Details
11.1.2 Multi-Factor Authentication (MFA) Product Offered
11.1.3 Morpho (France) Multi-Factor Authentication (MFA) Revenue, Gross Margin and Market Share (2017-2019)
11.1.4 Main Business Overview
11.1.5 Morpho (France) News
11.2 Gemalto (Netherlands)
11.2.1 Company Details
11.2.2 Multi-Factor Authentication (MFA) Product Offered
11.2.3 Gemalto (Netherlands) Multi-Factor Authentication (MFA) Revenue, Gross Margin and Market Share (2017-2019)
11.2.4 Main Business Overview
11.2.5 Gemalto (Netherlands) News
11.3 NEC (Japan)
11.3.1 Company Details
11.3.2 Multi-Factor Authentication (MFA) Product Offered
11.3.3 NEC (Japan) Multi-Factor Authentication (MFA) Revenue, Gross Margin and Market Share (2017-2019)
11.3.4 Main Business Overview
11.3.5 NEC (Japan) News
11.4 Entrust Inc. (US)
11.4.1 Company Details
11.4.2 Multi-Factor Authentication (MFA) Product Offered
11.4.3 Entrust Inc. (US) Multi-Factor Authentication (MFA) Revenue, Gross Margin and Market Share (2017-2019)
11.4.4 Main Business Overview
11.4.5 Entrust Inc. (US) News
11.5 CA Technologies (US)
11.5.1 Company Details
11.5.2 Multi-Factor Authentication (MFA) Product Offered
11.5.3 CA Technologies (US) Multi-Factor Authentication (MFA) Revenue, Gross Margin and Market Share (2017-2019)
11.5.4 Main Business Overview
11.5.5 CA Technologies (US) News
11.6 Fujitsu (Japan)
11.6.1 Company Details
11.6.2 Multi-Factor Authentication (MFA) Product Offered
11.6.3 Fujitsu (Japan) Multi-Factor Authentication (MFA) Revenue, Gross Margin and Market Share (2017-2019)
11.6.4 Main Business Overview
11.6.5 Fujitsu (Japan) News
11.7 VASCO Data Security (US)


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Release ID: 506052