Multi-Factor Authentication Market: Size, Share, Growth, Applications, Trends and Forecast 2018 to 2025

1
Global Multi-Factor Authentication Market Size
2017

• by Model (Two-Factor Authentication, Three-Factor
  Authentication, Four-Factor Authentication,
  Five-Factor Authentication), by Application
  (Government, Healthcare, BFSI, Retail and
  E-commerce and Others), by Region and Forecast
  2018 to 2025

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2
Global Multi-Factor Authentication Market Size
2017

• The global  multi-factor authentication market is
  projected to be worth USD 20.38 billion by 2025.
  The demand for multi-factor authentication is
  expected to grow significantly over the coming
  years due to rising investments in cloud
  technologies, enterprise mobility, and increasing
  adoption of Bring-Your-Own-Devices (BYOD) across
  enterprises.
• Rising internet users coupled with increase in
  use of digital payments is expected to create
  demand for multi-factor authentication system.
  Breaching of financial data is a potential threat
  to banking and FinTech companies, owing to which
  banking and financial companies are integrating
  two-factor and multi-factor authentication in the
  process of digital payment. Moreover, security
  and privacy threats through malware are
  constantly growing. For instance, total malware
  attacks reported in 2017 was USD 9.32 billion all
  across the world, a rise of 18.4 from 2016.
  This, in turn, is expected to boost the demand
  for the global multi-factor authentication
  market.
• Multi-factor authentication helps to increase the
  overall security, by adding more security layers
  in collaboration with one time password, such as
  face recognition, fingerprint and retina scanner.
  Multi-factor authentication models are classified
  as 2FA, 3FA, 4FA and 5FA. As of 2017, two-factor
  authentication is widely used by government,
  healthcare sector, financial sector and other
  industry sectors. For instance, Facebook,
  LinkedIn, Gmail, Drop Box, PayPal and others have
  two-factor authentication as a built in feature
  to enhance security.
• Browse the complete report on _at_
  https//www.adroitmarketresearch.com/industry-repo
  rts/multi-factor-authentication-mfa-market

3
Global Multi-Factor Authentication Market Size
2017

• Multi-factor authentication helps to increase the
  overall security, by adding more security layers
  in collaboration with one time password, such as
  face recognition, fingerprint and retina scanner.
  Multi-factor authentication models are classified
  as 2FA, 3FA, 4FA and 5FA. As of 2017, two-factor
  authentication is widely used by government,
  healthcare sector, financial sector and other
  industry sectors. For instance, Facebook,
  LinkedIn, Gmail, Drop Box, PayPal and others have
  two-factor authentication as a built in feature
  to enhance security.
• The application of three-factor authentication is
  increasing as two-factor authentication is not
  capable of handling increasingly aggressive
  threats, such as phishing, ATM skimming and
  malware. For instance, as per Kaspersky Labs
  findings, financial phishing attacks accounted
  for over 50 among all the phishing attacks in
  2017. Typically, four-factor and five-factor
  authentication systems are used in government and
  defense sectors, where high level of security is
  needed for applications, such as access to
  national files, data, homeland security services
  and others. Four-factor and five-factor models
  together accounted for 12.8 of the global
  multi-factor authentication market share in 2017.
• In 2017, US dominated the multi-factor
  authentication system in North America region due
  to strict compliance to government security
  policies. Asia Pacific is expected to grow at the
  highest CAGR of 24.8 during the forecast period.
  The numerous industries present in India, China
  and Japan such as banking, defense and healthcare
  are adopting more secure technology for
  transactions. 

4
Global Multi-Factor Authentication Market Size
2017

• For instance, Indias UID project Aadhaar, is
  one of the biggest MFA projects in the world,
  registering more than 1 billion people. In the
  Middle East numerous industries such as banking
  and defense are adopting more secure technology
  for transactions. For instance, Saudi Arabias AL
  Rajhi Bank Isbank, Turkeys largest commercial
  bank, and others in the Middle East have
  integrated multi-factor authentication systems
  with their existing security systems to provide
  customers secure access to account using mobile
  applications.
• The multi-factor authentication market is highly
  competitive and consists of numerous players.
  Launch of new products, acquisitions and
  expansions, strategic partnerships are the few
  strategies used by the key players in the market.
• In September 2017, RSA integrated with Microsoft
  Azure Active Directory to provide two-factor
  authentication to their client
• In January 2018, HID launched an updated version
  of Credential Management System (CMS). The new
  ActivID CMS 5.0 authenticates users without using
  a physical smart card.
• In May 2018, Okta eliminated passwords with
  stronger authentication in its new adaptive
  Single Sign-On product and enhanced adaptive MFA
  products, backed by new Okta ThreatInsight.

5
Key segments of the global multi-factor
authentication market

• Model overview, 20152025 (USD million)
• Two-factor authentication (2FA)
• Three-factor authentication (3FA)
• Four-factor authentication (4FA)
• Five-factor authentication (5FA)
• Application overview, 20152025 (USD million)
• Government
• Healthcare
• Banking, Financial Services and Insurance (BFSI)
• Retail and e-commerce
• Other
• Purchase a single user copy of the global
  Multi-Factor Authentication market report _at_
  https//www.adroitmarketresearch.com/researchrepor
  t/purchase/107

6
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