Multi Factor Authentication Market Scope And Analysis

Report Code : TIPRE00003188
Category : Technology, Media and Telecommunications

Status : Published
No. of Pages : 305

Buy Now

Multi-Factor Authentication Market Analysis, Size, and Growth (2024-2031)

Buy Now

Multi-Factor Authentication Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 14.44 Billion
Market Size by 2031	US$ 55.04 Billion
Global CAGR (2023 - 2031)	18.2%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Component Hardware Software Services By Authentication Type Password-based Authentication and Passwordless Authentication By Model Type Two-factor Authentication Three-factor Authentication Four-factor Authentication Five-factor Authentication By End User IT & Telecom BFSI Education Government Healthcare
Regions and Countries Covered	North America US Canada Mexico Asia Pacific China Japan South Korea India Australia Rest of Asia Pacific Europe Germany France UK Italy Russia Rest of Europe Middle East and Africa Saudi Arabia UAE South Africa Rest of Middle East and Africa South and Central America Brazil Argentina Rest of South and Central America
Market leaders and key company profiles	Microsoft Thales Okta OneSpan HID Global Corporation Cisco Systems Inc Ping Identity RSA Security CyberArk Software Ltd

Multi-Factor Authentication Market News and Recent Developments

The multi-factor authentication market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the multi-factor authentication market:

n October 2023, Amazon Web Services (AWS) announced a plan to mandate multi-factor authentication from 2024 to improve default security and reduce the risk of account hijacking

(Source: Amazon Web Services, Press Release)

In April 2022, Trust Stamp announced the launch of a multi-factor authentication solution named “Biometric MFA” to replace traditional password-based MFA with selfie biometrics. Biometric MFA lets partners layer intuitive, convenient, and seamless identity authentication where vulnerable passcodes are used

(Source: Trust Stamp, Press Release)

Multi-Factor Authentication Market Report Coverage and Deliverables

The "Multi-Factor Authentication Market Size and Forecast (2022–2030)" provides a detailed analysis of the market covering the areas mentioned below:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed PEST/Porter's Five Forces and SWOT analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles