Multi-Factor Authentication (MFA)

Global Market Trajectory & Analytics

MCP-7057

EXECUTIVE ENGAGEMENTS

OUTREACH

26662
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

2399
Interactions with Platform & by Email

PARTICIPANTS

533
Unique # Participated

VALIDATIONS

84
Responses Validated*

COMPETITORS

157
Responses Validated*
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DATE

APR 2021

TABLES

219

PAGES

406

EDITION

19

PRICE

USD $5600


  

HIGHLIGHTS

Amid the COVID-19 crisis, the global market for Multi-Factor Authentication (MFA) estimated at US$8.6 Billion in the year 2020, is projected to reach a revised size of US$21.3 Billion by 2027, growing at a CAGR of 13.9% over the analysis period 2020-2027. Two Factor Authentication, one of the segments analyzed in the report, is projected to record a 13.2% CAGR and reach US$14.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Three Factor Authentication segment is readjusted to a revised 15.9% CAGR for the next 7-year period.
The Multi-Factor Authentication (MFA) market in the U.S. is estimated at US$2.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2027 trailing a CAGR of 17.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.9% and 12.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.9% CAGR.
In the global Four Factor Authentication segment, USA, Canada, Japan, China and Europe will drive the 14.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$259.7 Million in the year 2020 will reach a projected size of US$664.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.2 Billion by the year 2027, while Latin America will expand at a 17% CAGR through the analysis period.

SELECT PLAYERS

CA Technologies; Gemalto NV; RSA Security, Inc.; SAFRAN Group; Symantec Corporation

SEGMENTS

» Model (Two Factor Authentication, Three Factor Authentication, Four Factor Authentication, Five Factor Authentication) » Application (BFSI, Retail & eCommerce, Government & Defense, Travel & Immigration, Healthcare, Other Applications)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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