What is the value of the global multi-factor authentication market?

The global multi-factor authentication market was valued at USD 12.5 billion in 2022. It will reach USD 49.7 Bn by 2032

What is the estimated CAGR for the multi-factor authentication market between 2023 and 2032?

The multi-factor authentication market is estimated to register the highest CAGR of 15.2% between 2023 and 2032.

What are the drivers of the multi-factor authentication market?

Increasing governmental activities regarding safety of data, technological advancements, rising demand in banking sectors, and increasing trends toward the Internet of Things (IoT), cloud-based MFA, and blockchain services are driving the global market.

Which authentication type is dominant in the multi-factor authentication market?

The five-factor authentication segment is dominant in the market, with the largest market share of 31%.

What are the restraints of the multi-factor authentication market?

High initial costs for the implementation of multi-factor authentication systems, high maintenance and software update costs, and increasing cyber-attacks that result in data privacy loss are the primary factors restraining market growth.

Global Multi-Factor Authentication Market By Authentication Type (Password Authentication and Passwordless Authentication), By Model Type, By Component, By Enterprise Size, By End-User, By Region and Companies - Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Published date: Nov. 2023
Report ID: 11892
Number of Pages: 322
Format:

- OneSpan
- RSA Security LLC
- NEC Corporation
- NortonLifeLock, Inc. Company Profile
- Gemalto N.V.
- Micro Focus
- HID Global
- Oracle Corporation
- Secret Double Octopus
- Microsoft Corporation Company Profile
- Duo Security
- Broadcom Inc.
- Okta, Inc.
Settings

Related Reports

Our Clients

Inquiry Before Buying

Report ID 11892
Published Date Nov. 2023
Rating
- ★★★★★
  
  ★★★★★
- (39)

Buy Now

Trusted by more than 17382 organizations globally

✖

Request a Sample Report

We'll get back to you as quickly as possible

	Single User $6,000 $3,999 USD / per unit save 24%	Multi User $8,000 $5,999 USD / per unit save 28%	Corporate User $10,000 $6,999 USD / per unit save 32%
e-Access
Report Library Access
Data Set (Excel)
Print
Company Profile Library Access
Interactive Dashboard
Free Custumization	No	up to 10 hrs work	up to 30 hrs work
Accessibility	1 User	2-5 User	Unlimited
Analyst Support	up to 20 hrs	up to 40 hrs	up to 50 hrs
Benefit	Up to 20% off on next purchase	Up to 25% off on next purchase	Up to 30% off on next purchase
	Buy Now ($ 3,999)	Buy Now ($ 5,999)	Buy Now ($ 6,999)