+91-9836913164 (India),  +1-917-730-4660 (U.S.)

Global Multifactor Authentication Market (By Authentication Type- Two-Factor, Three-Factor and Four-Factor. By End-User- BFSI, Healthcare, Government Authorities, IT & Communication, Defense, Ecommerce and Others and By Regions)– Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026

Published Date : March 2019 | Report Id : TECIT 118 | Format : Word, pdf,ppt pdf,excel | Slides : 150
Report Type : Syndicate Report

The multifactor authentication market was valued at USD 6.10 Billion in 2017 and is expected to reach USD 23.38 Billion by 2026 growing at a high compound annual growth rate (CAGR) of 16.10% from 2018 to 2026. With the rise in internet penetration and decreasing cost of internet connection, e-commerce market is increasing at a significant rate owing to which the demand for multifactor authentication is expected to propel during the projected period. In addition, rise in the adoption of IoT and BYOD in corporate organizations coupled with the rising incidence of data-loss due to theft and unsuitable mode of data transmission and collection are further estimated to create significant demand for the multifactor authentication market during the forecast period. Government across the developing nations are further modifying their public-record infrastructures and are implementing stringent rules to organize the demographic data. This is further expected to boost the global multifactor authentication industry during the forecasted period.

Multifactor Authentication Market Analysis

BFSI segment is estimated to witness significant growth

The multi factor authentication (MFA) market has been segmented based on authentication type which is further divided into two-factor, three-factor and four-factor. Based on application, the multi-factor authentication market has been segmented into BFSI, healthcare, government authorities, IT & communication, defense, Ecommerce and others. Increasing adoption of IoT coupled with rapid adoption of technologies such as biometrics, OTP protection system and mobile and internet banking is expected to drive the BFSI segment during the forecast period. In addition, increasing prevalence of illegal transfer of money from bank accounts, fraudulent activities in ATM counters and increasing numbers of payment gateways are further estimated to be the prime reasons owing to which BGSI segment is expected to witness highest demand till 2026. Moreover, government is further expected to have massive demand for multifactor authentication during the forecast period owing to the rising population coupled with approach towards adopting modernization.

North America holds the largest market share by region

The global market has been geographically segmented into Asia-Pacific, Europe, North America, Latin America, the Middle East and Africa region. In addition to this, North America region holds the largest market share. The reason may be attributed to the greater public and private awareness regarding data-safety and technologically improved IT infrastructures. In addition, high demand for exports and outsourcing is another prime reason that has increased the demand for multifactor authentication across the North America region. However, Asia-Pacific region is expected to witness highest growth owing to the increasing demand for e-commerce and healthcare sectors. Increasing patient data coupled with rising adoption of online based patient monitoring services and patient migration is expected to create ample opportunities for Asia-Pacific market during the forecast period.

Multifactor Authentication Market Segmentation by Geography

Major Players in Multifactor Authentication Market

Some of the key players in the global multifactor authentication market include CA Technologies, Crossmatch, Duo Security, Gemalto, HID Global Corporation, Microsoft Corporation, NEC Corporation, SecureAuth Corporation, Symantec Corporation and Vasco.


Multifactor Authentication Market has been segmented as follows:

Global Multifactor Authentication Market: By Authentication Type

·         Two-Factor

·         Three-Factor

·         Four-Factor

Global Multifactor Authentication Market: By End-User

·         BFSI

·         Healthcare

·         Government Authorities

·         IT & Communication

·         Defense

·         Ecommerce

·         Others

Global Multifactor Authentication Market: By Geography

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    U.K.

o    France

o    Germany

o    Italy

o    Rest of Europe

·         Asia Pacific

o    India

o    China

o    Japan

o    Rest of Asia Pacific

·         Middle East and Africa

o    South Africa

o    Rest of Middle East and Africa

·         Latin America

o    Brazil

o    Rest of Latin America


Note: This table of contents is a content of a published report. As per client requirement, cross-sectional analysis across all industries or specific geography or ‘country-based’ analysis can be provided as a part of paid customization. Please place your queries on sales@sheeranalyticsandinsights.com or query@sheeranalyticsandinsights.com

Buy Chapters or Sections

Customization options available to meet your custom research requirements :

  • Request a part of this report
  • Get geography specific report
  • Request historical analysis
  • Check out special discounted pricing

Why Choose Us

  • Research support24/5 Research support

    Get queries resolved by industry expert.

  • Custom research serviceCustom research service

    Exclusive reports and studies to meet your custom requirements.

  • Quality assuranceQuality assurance

    Widely acclaimed services reccomended by major organizations.

  • Information securityInformation security

    Your personal information security guaranteed.

  • sheer analytics and insights PCI DSS complaintsheer analytics and insights paypal verified