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Published: Feb, 2018 | Pages:
98 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)
The global multi-factor authentication (MFA) market size is expected to reach USD 17.76 billion by 2025, according to a new study by Grand View Research, Inc., experiencing a CAGR of 15.07% during the forecast period. Increasing implementation of BYOD and cloud-based services across enterprises, along with the growing security regulations and mandates, is benefiting market growth. Multi-factor authentication is an emerging category of the identity access management that involves use of multiple methods of authentication to verify a user's identity. Authentication of user identity ensures secure online transactions, log on to online services, and access to corporate resources. Compromised credentials are the main cause of data breaches. Multi-factor authentication is used by organizations to implement an additional layer of security that requires users to authenticate via knowledge, possession, and inherence factors to gain access to corporate and social networks. Advancements in biometric technologies, hardware and software applications, and cloud-based authentication services are projected to provide extensive growth opportunities to the market. However, issues related to cost and complexity involved in implementing MFA solutions and the ever-changing security regulations and compliances are expected to restrain market growth. Further key findings from the study suggest: • North America and Europe were the key revenue contributors in 2017. The key factors contributing to the growth of the regions are advanced infrastructure and accelerated adoption of smart devices • The two factor authentication model will continue to dominate the market until 2025, representing more than 75.0% of the overall revenue. • The three factor authentication model is anticipated to exhibit the highest CAGR of close to 17.0% over the forecast period • The BFSI sector will be the most prominent application segment during the forecast period, followed by retail and e-commerce. • The Asia Pacific market is estimated to post a CAGR of about 19.0% over the forecast period • Increasing investments in cloud technologies, BYOD, and mobility solutions are poised to provide a fillip to the multi-factor authentication market • The key market players include RSA Security, Symantec Corporation, CA Technologies, Gemalto, Safran, and Vasco Data Security International.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Multi-factor Authentication Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
2.2 Multi-factor Authentication Market, 2014 - 2025
Chapter 3 Multi-factor Authentication Industry Outlook
3.1 Market Segmentation
3.2 Multi-factor Authentication Market Size and Growth Prospects
3.3 Multi-factor Authentication - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Multi-factor Authentication - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Increase in data breaches and cyber attacks
3.4.1.2 Stringent regulations and data security compliances
3.4.1.3 Growing adoption of BYOD across enterprises
3.4.2 Market restraint analysis
3.4.2.1 Cost and complexity of implementing MFA
3.5 Multi-factor Authentication - Company Ranking Analysis
3.6 Penetration and Growth Prospect Mapping
3.7 Multi-factor Authentication - Porter's Five Forces Analysis
3.8 Multi-factor Authentication - PEST Analysis
Chapter 4 Multi-factor Authentication Model Outlook
4.1 MFA Market Share by Model, 2016 & 2025
4.2 Two Factor Authentication Model
4.2.1 MFA market for two factor authentication model, 2014 - 2025
4.3 Three Factor Authentication Model
4.3.1 MFA market for three factor authentication model, 2014 - 2025
4.4 Four Factor Authentication Model
4.4.1 MFA market for four factor authentication model, 2014 - 2025
4.5 Five Factor Authentication Model
4.5.1 MFA market for five factor authentication model, 2014 - 2025
Chapter 5 Multi-factor Authentication Application Outlook
5.1 MFA Market Share by Application, 2016 & 2025
5.2 BFSI
5.2.1 MFA market for BFSI, 2014 - 2025
5.3 Government & Defense
5.3.1 MFA market for government and defense, 2014 - 2025
5.4 Healthcare
5.4.1 MFA market for healthcare, 2014 - 2025
5.5 Travel & Immigration
5.5.1 MFA market for travel and immigration, 2014 - 2025
5.6 Retail & E-commerce
5.6.1 MFA market for retail and e-commerce, 2014 - 2025
5.7 Others
5.7.1 MFA market for others, 2014 - 2025
Chapter 6 Multi-factor Authentication Regional Outlook
6.1 MFA Market Share by Region, 2016 & 2025
6.2 North America
6.2.1 North America MFA market, 2014 - 2025
6.2.2 North America MFA market, by model, 2014 - 2025
6.2.3 North America MFA market, by application, 2014 - 2025
6.2.4 U.S.
6.2.4.1 U.S. MFA market, 2014 - 2025
6.2.4.2 U.S. MFA market, by model, 2014 - 2025
6.2.4.3 U.S. MFA market, by application, 2014 - 2025
6.2.5 Canada
6.2.5.1 Canada MFA market, 2014 - 2025
6.2.5.2 Canada MFA market, by model, 2014 - 2025
6.2.5.3 Canada MFA market, by application, 2014 - 2025
6.3 Europe
6.3.1 Europe MFA market, 2014 - 2025
6.3.2 Europe MFA market, by model, 2014 - 2025
6.3.3 Europe MFA market, by application, 2014 - 2025
6.3.4 U.K.
6.3.4.1 U.K. MFA market, 2014 - 2025
6.3.4.2 U.K. MFA market, by model, 2014 - 2025
6.3.4.3 U.K. MFA market, by application, 2014 - 2025
6.3.5 Germany
6.3.5.1 Germany MFA market, 2014 - 2025
6.3.5.2 Germany MFA market, by model, 2014 - 2025
6.3.5.3 Germany MFA market, by application, 2014 - 2025
6.4 Asia Pacific
6.4.1 Asia Pacific MFA market, 2014 - 2025
6.4.2 Asia Pacific MFA market, by model, 2014 - 2025
6.4.3 Asia Pacific MFA market, by application, 2014 - 2025
6.4.4 China
6.4.4.1 China MFA market, 2014 - 2025
6.4.4.2 China MFA market, by model, 2014 - 2025
6.3.4.3 China MFA market, by application, 2014 - 2025
6.4.5 India
6.4.5.1 India MFA market, 2014 - 2025
6.4.5.2 India MFA market, by model, 2014 - 2025
6.4.5.3 India MFA market, by application, 2014 - 2025
6.4.6 Japan
6.4.6.1 Japan MFA market, 2014 - 2025
6.4.6.2 Japan MFA market, by model, 2014 - 2025
6.4.6.3 Japan MFA market, by application, 2014 - 2025
6.5 Rest of the World (Row)
6.5.1 Row MFA market, 2014 - 2025
6.5.2 RoW MFA market, by model, 2014 - 2025
6.5.3 RoW MFA market, by application, 2014 - 2025
6.5.4 Brazil
6.5.4.1 Brazil MFA market, 2014 - 2025
6.5.4.2 Brazil MFA market, by model, 2014 - 2025
6.5.4.3 Brazil MFA market, by application, 2014 - 2025
6.5.5 Mexico
6.5.5.1 Mexico MFA market, 2014 - 2025
6.5.5.2 Mexico MFA market, by model, 2014 - 2025
6.5.5.3 Mexico MFA market, by application, 2014 - 2025
6.5.6 Others
6.5.6.1 Others MFA market, 2014 - 2025
6.5.6.2 Others MFA market, by model, 2014 - 2025
6.5.6.3 Others MFA market, by application, 2014 - 2025
Chapter 7 Competitive Landscape
7.1 3M
7.1.1 Company overview
7.1.2 Company overview
7.1.3 Product benchmarking
7.1.4 Strategic initiatives
7.2 aPersona, Inc.
7.2.1 Company overview
7.2.2 Product benchmarking
7.2.3 Strategic initiatives
7.3 CA Technologies
7.3.1 Company overview
7.3.2 Financial Performance
7.3.3 Product benchmarking
7.3.4 Strategic initiatives
7.4 Fujitsu Ltd.
7.4.1 Company overview
7.4.2 Financial Performance
7.4.3 Product benchmarking
7.4.4 Strategic initiatives
7.5 Gemalto N.V.
7.5.1 Company overview
7.5.2 Company overview
7.5.3 Product benchmarking
7.5.4 Strategic initiatives
7.6 NEC Corporation
7.6.1 Company overview
7.6.2 Financial performance
7.6.3 Product benchmarking
7.6.4 Strategic initiatives
7.7 RSA Security LLC
7.7.1 Company overview
7.7.2 Financial performance
7.7.3 Product benchmarking
7.7.4 Strategic initiatives
7.8 Safran SA
7.8.1 Company overview
7.8.2 Company overview
7.8.3 Product benchmarking
7.8.4 Strategic initiatives
7.9 Symantec Corporation Ltd.
7.9.1 Company overview
7.9.2 Financial performance
7.9.3 Product benchmarking
7.9.4 Strategic initiatives
7.10 Vasco Data Security International, Inc.
7.10.1 Company overview
7.10.2 Financial performance
7.10.3 Product benchmarking
7.10.4 Strategic initiatives
List of Tables Table 1 Multi-factor Authentication Market - Industry snapshot & key buying criteria, 2014 - 2025 Table 2 Global MFA market, 2014 - 2025 (USD Million) Table 3 Global MFA market, by region, 2014 - 2025 (USD Million) Table 4 Global MFA market, by model, 2014 - 2025 (USD Million) Table 5 Global MFA market, by application, 2014 - 2025 (USD Million) Table 6 Multi-factor Authentication - Key market driver impact Table 7 Multi-factor Authentication - Key market restraint impact Table 8 MFA market for two factor authentication model, 2014 - 2025 (USD Million) Table 9 MFA market for two factor authentication model, by region, 2014 - 2025 (USD Million) Table 10 MFA market for three factor authentication model, 2014 - 2025 (USD Million) Table 11 MFA market for three factor authentication model, by region, 2014 - 2025 (USD Million) Table 12 MFA market for four factor authentication model, 2014 - 2025 (USD Million) Table 13 MFA market for four factor authentication model, by region, 2014 - 2025 (USD Million) Table 14 MFA market for five factor authentication model, 2014 - 2025 (USD Million) Table 15 MFA market for five factor authentication model, by region, 2014 - 2025 (USD Million) Table 16 MFA market for BFSI, 2014 - 2025 (USD Million) Table 17 MFA market for BFSI, by region, 2014 - 2025 (USD Million) Table 18 MFA market for government & defense, 2014 - 2025 (USD Million) Table 19 MFA market for government & defense, by region, 2014 - 2025 (USD Million) Table 20 MFA market for healthcare, 2014 - 2025 (USD Million) Table 21 MFA market for healthcare, by region, 2014 - 2025 (USD Million) Table 22 MFA market for travel & immigration, 2014 - 2025 (USD Million) Table 23 MFA market for travel & immigration, by region, 2014 - 2025 (USD Million) Table 24 MFA market for retail & e-commerce, 2014 - 2025 (USD Million) Table 25 MFA market for retail & e-commerce, by region, 2014 - 2025 (USD Million) Table 26 MFA market for other, 2014 - 2025 (USD Million) Table 27 MFA market for other, by region, 2014 - 2025 (USD Million) Table 28 North America MFA market, 2014 - 2025 (USD Million) Table 29 North America MFA market, by model, 2014 - 2025 (USD Million) Table 30 North America MFA market, by model, 2014 - 2025 (USD Million) Table 31 U.S. MFA market, 2014 - 2025 (USD Million) Table 32 U.S. MFA market, by model, 2014 - 2025 (USD Million) Table 33 U.S. MFA market, by application, 2014 - 2025 (USD Million) Table 34 Canada MFA market, 2014 - 2025 (USD Million) Table 35 Canada MFA market, by model, 2014 - 2025 (USD Million) Table 36 Canada MFA market, by application, 2014 - 2025 (USD Million) Table 37 Europe MFA market, 2014 - 2025 (USD Million) Table 38 Europe MFA market, by model, 2014 - 2025 (USD Million) Table 39 Europe MFA market, by application, 2014 - 2025 (USD Million) Table 40 U.K. MFA market, 2014 - 2025 (USD Million) Table 41 U.K. MFA market, by model, 2014 - 2025 (USD Million) Table 42 U.K. MFA market, by application, 2014 - 2025 (USD Million) Table 43 Germany MFA market, 2014 - 2025 (USD Million) Table 44 Germany MFA market, by model, 2014 - 2025 (USD Million) Table 45 Germany MFA market, by application, 2014 - 2025 (USD Million) Table 46 Asia Pacific MFA market, 2014 - 2025 (USD Million) Table 47 Asia Pacific MFA market, by model, 2014 - 2025 (USD Million) Table 48 Asia Pacific MFA market, by application, 2014 - 2025 (USD Million) Table 49 China MFA market, 2014 - 2025 (USD Million) Table 50 China MFA market, by model, 2014 - 2025 (USD Million) Table 51 China MFA market, by application, 2014 - 2025 (USD Million) Table 52 India MFA market, 2014 - 2025 (USD Million) Table 53 India MFA market, by model, 2014 - 2025 (USD Million) Table 54 India MFA market, by application, 2014 - 2025 (USD Million) Table 55 Japan MFA market, 2014 - 2025 (USD Million) Table 56 Japan MFA market, by model, 2014 - 2025 (USD Million) Table 57 Japan MFA market, by application, 2014 - 2025 (USD Million) Table 58 RoW MFA market, 2014 - 2025 (USD Million) Table 59 RoW MFA market, by model, 2014 - 2025 (USD Million) Table 60 RoW MFA market, by application, 2014 - 2025 (USD Million) Table 61 Brazil MFA market, 2014 - 2025 (USD Million) Table 62 Brazil MFA market, by model, 2014 - 2025 (USD Million) Table 63 Brazil MFA market, by application, 2014 - 2025 (USD Million) Table 64 Mexico MFA market, 2014 - 2025 (USD Million) Table 65 Mexico MFA market, by model, 2014 - 2025 (USD Million) Table 66 Mexico MFA market, by application, 2014 - 2025 (USD Million) Table 67 Others MFA market, 2014 - 2025 (USD Million) Table 68 Others MFA market, by model, 2014 - 2025 (USD Million) Table 69 Others MFA market, by application, 2014 - 2025 (USD Million) List of Figures FIG. 1 Market segmentation and scope FIG. 2 Global MFA market, 2014 - 2025 (USD Million) FIG. 3 Multi-factor authentication - Value chain analysis FIG. 4 Market ranking analysis, 2016 FIG. 5 Key opportunities prioritized FIG. 6 Multi-factor authentication - Porter's five forces analysis FIG. 7 Multi-factor authentication - PESTLE analysis FIG. 8 MFA market share, by application, 2016 & 2025 FIG. 9 MFA market share, by vertical, 2016 & 2025 FIG. 10 MFA market share, by region, 2016 & 2025 FIG. 11 North America MFA market - Key takeaways FIG. 12 Europe MFA market - Key takeaways FIG. 13 Asia Pacific MFA market - Key takeaways FIG. 14 RoW MFA market - Key takeaways
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