Multi-Factor Authentication Solutions Market

Multi-factor authentication (MFA) software secures users? accounts by requiring them to prove their identity in two or more ways before granting access to accounts, sensitive information, systems, or applications. In addition to a single authentication factor, such as inputting a username and password, users are prompted to provide a second authentication factor to validate who the user says they are. Examples of authentication factors include one-time passcodes (OTPs) for SMS, email, or phone call, software tokens, hardware tokens, which are commonly small thumb drives or keycards, mobile-push on a software application to a mobile device, biometric factors, and contextual or risk-based authentication.

Multi-Factor Authentication Solutions Market contains market size and forecasts of Multi-Factor Authentication (MFA) Solutions in Global, including the following market information:

Global Multi-Factor Authentication (MFA) Solutions Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Multi-Factor Authentication (MFA) Solutions market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Cloud Based Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Multi-Factor Authentication (MFA) Solutions include Duo Security, Google, LastPass, Authy, Ping Identity, OneLogin, RSA, Auth0 and WatchGuard, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Multi-Factor Authentication (MFA) Solutions companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Multi-Factor Authentication (MFA) Solutions Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Multi-Factor Authentication (MFA) Solutions Market Segment Percentages, by Type, 2021 (%)

Cloud Based

On-premises

Global Multi-Factor Authentication (MFA) Solutions Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Multi-Factor Authentication (MFA) Solutions Market Segment Percentages, by Application, 2021 (%)

SMEs

Large Enterprises

Global Multi-Factor Authentication (MFA) Solutions Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Multi-Factor Authentication (MFA) Solutions Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Multi-Factor Authentication (MFA) Solutions revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Multi-Factor Authentication (MFA) Solutions revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Duo Security

Google

LastPass

Authy

Ping Identity

OneLogin

RSA

Auth0

WatchGuard

SecureAuth

Secret Double Octopus

CyberArk

Microsoft

Silverfort

Broadcom

Yubico

RingCaptcha

Salesforce

IDEE

GateKeeper

IBM

OAuth.io

Okta

Twilio

HID Global

ESET

LogMeIn