The Multi-Factor Authentication Market is expected to be around US$ 23.6 Billion by 2028 at a CAGR of 18% in the given forecast period.
The growing prevalence of security breaches and cyber-attacks, coupled with a major increase in online frauds, is among the significant factors driving the growth of the market. Cyber-attacks are mainly target small and a medium-sized organization with ransom ware to hijack the corporate’s online and financial accounts. This can be prevented by deploying multifactor authentication systems in the employees’ smartphones and computer devices to authenticate the identity of the user. Moreover, the expansion of the healthcare, retail, and banking, financial services and insurance (BFSI) industries is fueling the demand for authentication systems to make sure the security of the enterprises and their customers. Furthermore, the rising trend of the Internet of Things (IoT) and cloud-based services is further propelling the market growth.
The global Multi-Factor Authentication market is segregated on the basis of Model as Two Factor Authentication, Three Factor Authentication, Four Factor Authentication and Five Factor Authentication. Based on Deployment Type the global Multi-Factor Authentication market is segmented in On-Premises and On-Cloud. Based on Application the global Multi-Factor Authentication market is segmented in Smart Card Authentication, Phone-Based Authentication and Hardware OTP Token Authentication.
Based on Vertical, the global Multi-Factor Authentication market is segmented in Banking & Finance, Government, Travel & Immigration, Military & Defence, IT and Telecom, Healthcare, Retail and Ecommerce and Others.
The global Multi-Factor Authentication market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Multi-Factor Authentication market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
EMC, Entrust, Gemalto, VASCO Data Security International, ActivIdentity, Anakam, Arcot Systems, Authentify, Bio-Key International, CA Technologies, CRYPTOCard, Deepnet Security, Equifax, HID Global, ID Control, and others are among the major players in the global Multi-Factor Authentication market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Multi-Factor Authentication Market has been segmented as below:
Multi-Factor Authentication Market, By Model
Multi-Factor Authentication Market, By Deployment Type
Multi-Factor Authentication Market, By Application
Multi-Factor Authentication Market, By Vertical
Multi-Factor Authentication Market, By Region
Multi-Factor Authentication Market, By Company
The report covers:
Report Scope:
The global Multi-Factor Authentication market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Multi-Factor Authentication market share. Major industry players with significant revenue share include EMC, Entrust, Gemalto, VASCO Data Security International, ActivIdentity, Anakam, Arcot Systems, Authentify, Bio-Key International, CA Technologies, CRYPTOCard, Deepnet Security, Equifax, HID Global, ID Control, and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.3.1.1. Secondary Research
2.3.1.2. Primary Research
2.3.1.3. Models for Estimation
2.4. Market Size Estimation
2.4.1. Bottom-Up Approach- Segmental Market Analysis
2.4.2. Top-Down Approach- Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1. Introduction
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Porter’s Five Force Analysis
5. Multi-Factor Authentication Market, By Model
5.1. Introduction
5.2. Two Factor Authentication
5.2.1. Market Overview
5.2.2. Market Size and Forecast
5.3. Three Factor Authentication
5.3.1. Market Overview
5.3.2. Market Size and Forecast
5.4. Four Factor Authentication
5.4.1. Market Overview
5.4.2. Market Size and Forecast
5.5. Five Factor Authentication
5.5.1. Market Overview
5.5.2. Market Size and Forecast
6. Multi-Factor Authentication Market, By Deployment Type
6.1. Introduction
6.2. On-Premises
6.2.1. Market Overview
6.2.2. Market Size and Forecast
6.3. On-Cloud
6.3.1. Market Overview
6.3.2. Market Size and Forecast
7. Multi-Factor Authentication Market, By Application
7.1. Introduction
7.2. Smart Card Authentication
7.2.1. Market Overview
7.2.2. Market Size and Forecast
7.3. Phone-Based Authentication
7.3.1. Market Overview
7.3.2. Market Size and Forecast
7.4. Hardware OTP Token Authentication
7.4.1. Market Overview
7.4.2. Market Size and Forecast
8. Multi-Factor Authentication Market, By Vertical
8.1. Introduction
8.2. Banking & Finance
8.2.1. Market Overview
8.2.2. Market Size and Forecast
8.3. Government
8.3.1. Market Overview
8.3.2. Market Size and Forecast
8.4. Travel & Immigration
8.4.1. Market Overview
8.4.2. Market Size and Forecast
8.5. Military & Defence
8.5.1. Market Overview
8.5.2. Market Size and Forecast
8.6. IT and Telecom
8.6.1. Market Overview
8.6.2. Market Size and Forecast
8.7. Healthcare
8.7.1. Market Overview
8.7.2. Market Size and Forecast
8.8. Retail and Ecommerce
8.8.1. Market Overview
8.8.2. Market Size and Forecast
8.9. Others
8.9.1. Market Overview
8.9.2. Market Size and Forecast
9. Multi-Factor Authentication Market, By Geography
9.1. Introduction
9.2. North America
9.2.1. North America Multi-Factor Authentication, By Model
9.2.2. North America Multi-Factor Authentication, By Deployment Type
9.2.3. North America Multi-Factor Authentication, By Application
9.2.4. North America Multi-Factor Authentication, By Vertical
9.3. Europe
9.3.1. Europe Multi-Factor Authentication, By Model
9.3.2. Europe Multi-Factor Authentication, By Deployment Type
9.3.3. Europe Multi-Factor Authentication, By Application
9.3.4. Europe Multi-Factor Authentication, By Vertical
9.4. Asia-Pacific
9.4.1. Asia-Pacific Multi-Factor Authentication, By Model
9.4.2. Asia-Pacific Multi-Factor Authentication, By Deployment Type
9.4.3. Asia-Pacific Multi-Factor Authentication, By Application
9.4.4. Asia-Pacific Multi-Factor Authentication, By Vertical
9.5. Rest of the World
9.5.1. Rest of the World Multi-Factor Authentication, By Model
9.5.2. Rest of the World Multi-Factor Authentication, By Deployment Type
9.5.3. Rest of the World Multi-Factor Authentication, By Application
9.5.4. Rest of the World Multi-Factor Authentication, By Vertical
10. Competitive Insights
10.1. Key Insights
10.2. Company Market Share Analysis
10.3. Strategic Outlook
10.3.1. Mergers & Acquisitions
10.3.2. New Product Developments
10.3.3. Portfolio/Production Capacity Expansions
10.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
10.3.5. Others
11. Company Profiles
11.1. EMC
11.1.1. Company Overview
11.1.2. Product/Service Landscape
11.1.3. Financial Overview
11.1.4. Recent Developments
11.2. Entrust
11.2.1. Company Overview
11.2.2. Product/Service Landscape
11.2.3. Financial Overview
11.2.4. Recent Developments
11.3. Gemalto
11.3.1. Company Overview
11.3.2. Product/Service Landscape
11.3.3. Financial Overview
11.3.4. Recent Developments
11.4. VASCO Data Security International
11.4.1. Company Overview
11.4.2. Product/Service Landscape
11.4.3. Financial Overview
11.4.4. Recent Developments
11.5. ActivIdentity
11.5.1. Company Overview
11.5.2. Product/Service Landscape
11.5.3. Financial Overview
11.5.4. Recent Developments
11.6. Anakam
11.6.1. Company Overview
11.6.2. Product/Service Landscape
11.6.3. Financial Overview
11.6.4. Recent Developments
11.7. Arcot Systems
11.7.1. Company Overview
11.7.2. Product/Service Landscape
11.7.3. Financial Overview
11.7.4. Recent Developments
11.8. Authentify
11.8.1. Company Overview
11.8.2. Product/Service Landscape
11.8.3. Financial Overview
11.8.4. Recent Developments
11.9. Bio-Key International
11.9.1. Company Overview
11.9.2. Product/Service Landscape
11.9.3. Financial Overview
11.9.4. Recent Developments
11.10. CA Technologies
11.10.1. Company Overview
11.10.2. Product/Service Landscape
11.10.3. Financial Overview
11.10.4. Recent Developments
11.11. CRYPTOCard
11.11.1. Company Overview
11.11.2. Product/Service Landscape
11.11.3. Financial Overview
11.11.4. Recent Developments
11.12. Deepnet Security
11.12.1. Company Overview
11.12.2. Product/Service Landscape
11.12.3. Financial Overview
11.12.4. Recent Developments
11.13. Equifax
11.13.1. Company Overview
11.13.2. Product/Service Landscape
11.13.3. Financial Overview
11.13.4. Recent Developments
11.14. HID Global
11.14.1. Company Overview
11.14.2. Product/Service Landscape
11.14.3. Financial Overview
11.14.4. Recent Developments
11.15. ID Control
11.15.1. Company Overview
11.15.2. Product/Service Landscape
11.15.3. Financial Overview
11.15.4. Recent Developments
The Multi-Factor Authentication Market has been segmented as below:
Multi-Factor Authentication Market, By Model
Multi-Factor Authentication Market, By Deployment Type
Multi-Factor Authentication Market, By Application
Multi-Factor Authentication Market, By Vertical
Multi-Factor Authentication Market, By Region
Multi-Factor Authentication Market, By Company
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