Multifactor Authentication Market in South Korea 2025-2029

Multifactor Authentication Market In South Korea 2025-2029

The multifactor authentication market in South Korea is forecasted to grow by USD 5489.1 million during 2024-2029, accelerating at a CAGR of 42.1% during the forecast period. The report on the multifactor authentication market in South Korea provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by introduction of out-of-band (OOB) authentication, high-level security provided by hardware OTP tokens, and growing adoption of BYOD among enterprises.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's multifactor authentication market in South Korea is segmented as below:

By Type

• Password-based authentication
• Password-less authentication

By Component

• Service
• Product

By Deployment

• On premises
• Cloud

By Service Type

• Two-factor authentication systems
• Three-factor authentication systems
• Four-factor authentication systems
• Five-factor authentication systems
• customized multi-factor authentication systems

By Geographical Landscape

• APAC

This study identifies the proliferation of cloud-based multifactor authentication solutions and services as one of the prime reasons driving the multifactor authentication market in South Korea growth during the next few years. Also, increased adoption of unified platforms for authentication purposes and increase in volume of online transactions will lead to sizable demand in the market.

The report on the multifactor authentication market in South Korea covers the following areas:

• Multifactor Authentication Market in South Korea sizing
• Multifactor Authentication Market in South Korea forecast
• Multifactor Authentication Market in South Korea industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading multifactor authentication market in South Korea vendors that include Broadcom Inc., Cisco Systems Inc., CyberArk Software Ltd., Dell Technologies Inc., ESET North America, FusionAuth, HID Global Corp., Microsoft Corp., Okta Inc., OneSpan Inc., Open Text Corp., Oracle Corp., Ping Identity Corp., Quest Software Inc., Safran SA, Salesforce Inc., SecureAuth Corp., Silverfort, Thales Group, and Yubico AB. Also, the multifactor authentication market in South Korea analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. Show more