Multi-factor Authentication Market Share

Statistics for the 2023 & 2024 Multi-factor Authentication market share, created by Mordor Intelligence™ Industry Reports. Multi-factor Authentication share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Multi-factor Authentication Industry

The multi-factor authentication (MFA) market is moderately concentrated as the market includes global and regional players, where product penetration with the invention is rising. The key players are CA Technologies, Inc., Fujitsu Limited, Gemalto NV, etc. Recent developments in the market studied are

  • February 2022 - Onfido, global identity verification and multi authentication company, stated that it had set 2021 as a breakthrough year. The company increased revenue by 90% yearly to above USD 100 million, including a 134% increase in the US. To fulfill the growing need for Onfido's verification and authentication services, the firm expanded its workforce while also investing in R&D, cutting-edge AI-powered fraudulent detection abilities, and consumer success for organizations worldwide.
  • October 2021 - Secret Double Octopus, one of the prominent leaders in next-generation workforce authentication, reported the release of new multi-factor authentication (MFA) offerings as part of its Octopus Authentication Platform. Because the new options use the same components as the company's workforce passwordless MFA solution, enterprises can easily implement conventional MFA solutions with passwordless authentication capabilities.

Multi-Factor Authentication (MFA) Market Leaders

  1. Okta Inc.

  2. Microsoft Corporation

  3. Broadcom Inc.

  4. Gemalto NV (Thales Group)

  5. RSA Security LLC

*Disclaimer: Major Players sorted in no particular order

Multi-factor Authentication Market Concentration

Multi-Factor Authentication Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)