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Multi-Factor Authentication (MFA) Market Share

Report ID: GMI1761
Published Date: Aug 2021
Report Format: PDF

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Multi-Factor Authentication Market Share

Major players operating in multi-factor authentication market are:

Apersona, Inc
Broadcom Inc
Censornet Ltd
Cisco Systems Inc
Confident Technologies, Inc
Deepnet Security Ltd
Entrust Corporation
HID Global
iWelcome B.V
MessageBird
Microsoft Corporation
Okta
OneLogin Inc
Ping Identity Holding Corp
Dell Technologies Inc. (RSA Security LLC)
SAASPASS
SecureAuth Corporation
SecurEnvoy Ltd
Thales Group (Gemalto)
Yubico AB.

Companies are emphasizing on the development of innovative digital identity solutions to gain a competitive advantage over their competitors. For instance, in June 2021, Ping Identity launched PingOne for enterprises at Identiverse 2021. The PingOne for Individual is a personal identity solution that ensures enterprises to provide their customers with full control on how they store & share the verified personal data. Consumers also share their up-to-date personal information with businesses or other individuals using a digital wallet on their mobile devices.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

MFA industry exceeded USD 8 billion in 2020 and will record a CAGR of over 10% through 2027 with growing number of cyberattacks in the security sector.

Canada market had held over 65% share in 2020 and will record over USD 2 billion revenue in 2027 owing to increasing adoption in enterprise network in various industries.

North America multi-factor authentication market size will surpass USD 7 billion by 2027 on account of the presence of key vendors, regulatory environment and higher technology adoption in the region.

UK two-factor authentication market will observe a CAGR of over 10% through 2027 with increasing volume of online transactions and governments initiatives to adopt biometric authentication.

Major MFA market participants are Apersona, Inc., Broadcom Inc., Censornet Ltd., Cisco Systems Inc., Confident Technologies, Inc., Deepnet Security Ltd., Entrust Corporation, etc.