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Europe Multi-Factor Authentication Market Size, Share & Industry Trends Analysis Report By Component (Software, Hardware, and Services), By Authentication Type, By Model Type, By Vertical, By Country and Growth Forecast, 2023 - 2030

Publisher Knowledge Based Value (KBV) Research
Published Oct 31, 2023
Length 168 Pages
SKU # KBV18339148

Description

Europe Multi-Factor Authentication Market Size, Share & Industry Trends Analysis Report By Component (Software, Hardware, and Services), By Authentication Type, By Model Type, By Vertical, By Country and Growth Forecast, 2023 - 2030


The Europe Multi-Factor Authentication Market would witness market growth of 14.8% CAGR during the forecast period (2023-2030).

Governments and regulatory bodies have recognized the importance of strong authentication measures in safeguarding sensitive information. Regulations like the European Union's General Data Protection Regulation (GDPR) mandate the use of MFA in certain industries and applications. Compliance with these rules has driven the adoption of MFA solutions. The rapid growth of remote work and the hybrid workplace model have significantly altered the security landscape. With employees accessing corporate networks and sensitive data from various locations and devices, the need for secure and flexible authentication methods has become paramount. It has emerged as a critical enabler of secure remote access, ensuring only authorized individuals can connect to company resources.

The digitalization of services has increased reliance on online platforms, including online banking, e-commerce, and cloud-based applications. Users entrust these platforms with their personal and financial information, making it essential to provide a secure authentication process. It plays a pivotal role in strengthening security for these online services by adding an extra layer of identity verification. The widespread utilization of smartphones and mobile devices has made it easier to implement MFA. Users often carry these devices, which can serve as a second authentication factor through SMS-based codes, mobile apps, or biometric authentication methods such as fingerprint or facial recognition. This convenience has further fueled the adoption of MFA.

Europe has been at the forefront of data security laws, with the General Data Protection Regulation (GDPR) being a significant driver of MFA adoption. GDPR mandates strong data security measures, to protect personal and sensitive data. The financial sector in Europe, including banking and fintech, strongly emphasizes security. The revised Payment Services Directive (PSD2) also encourages using MFA for online payments. Many European countries offer e-government services, where MFA is used to secure access to government portals, tax services, and public records. The above factors will drive the market growth in this region.

The Germany market dominated the Europe Multi-Factor Authentication Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,763.9 million by 2030. The UK market is exhibiting a CAGR of 13.8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 15.6% during (2023 - 2030).

Based on Component, the market is segmented into Software, Hardware, and Services. Based on Authentication Type, the market is segmented into Password-Based Authentication, and Passwordless Authentication. Based on Model Type, the market is segmented into Two-Factor Authentication, Three-Factor Authentication, Four-Factor Authentication, and Five-Factor Authentication. Based on Vertical, the market is segmented into BFSI, Government, Travel & Immigration, Military & Defense, Commercial Security, IT, Telecommunication, Healthcare, Media & Entertainment, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Microsoft Corporation, Thales Group S.A., CyberArk Software Ltd., Broadcom, Inc., Micro Focus International PLC, HID Global Corporation, Cisco Systems, Inc., Oracle Corporation, RSA Security LLC, and Salesforce, Inc.

Scope of the Study

Market Segments covered in the Report:

By Component
  • Software
  • Hardware
  • Services
By Authentication Type
  • Password-Based Authentication
  • Passwordless Authentication
By Model Type
  • Two-Factor Authentication
  • Three-Factor Authentication
  • Four-Factor Authentication
  • Five-Factor Authentication
By Vertical
  • BFSI
  • Government
  • Travel & Immigration
  • Military & Defense
  • Commercial Security
  • IT
  • Telecommunication
  • Healthcare
  • Media & Entertainment
  • Others
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • Microsoft Corporation
  • Thales Group S.A.
  • CyberArk Software Ltd.
  • Broadcom, Inc.
  • Micro Focus International PLC
  • HID Global Corporation
  • Cisco Systems, Inc.
  • Oracle Corporation
  • RSA Security LLC
  • Salesforce, Inc.
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

168 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Multi-Factor Authentication Market, by Component
1.4.2 Europe Multi-Factor Authentication Market, by Authentication Type
1.4.3 Europe Multi-Factor Authentication Market, by Model Type
1.4.4 Europe Multi-Factor Authentication Market, by Vertical
1.4.5 Europe Multi-Factor Authentication Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Mergers & Acquisitions: 2019, Aug – 2023, Sep) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. Europe Multi-Factor Authentication Market by Component
5.1 Europe Software Market by Country
5.2 Europe Hardware Market by Country
5.3 Europe Services Market by Country
Chapter 6. Europe Multi-Factor Authentication Market by Authentication Type
6.1 Europe Password-Based Authentication Market by Country
6.2 Europe Passwordless Authentication Market by Country
Chapter 7. Europe Multi-Factor Authentication Market by Model Type
7.1 Europe Two-Factor Authentication Market by Country
7.2 Europe Three-Factor Authentication Market by Country
7.3 Europe Four-Factor Authentication Market by Country
7.4 Europe Five-Factor Authentication Market by Country
Chapter 8. Europe Multi-Factor Authentication Market by Vertical
8.1 Europe BFSI Market by Country
8.2 Europe Government Market by Country
8.3 Europe Travel & Immigration Market by Country
8.4 Europe Military & Defense Market by Country
8.5 Europe Commercial Security Market by Country
8.6 Europe IT Market by Country
8.7 Europe Telecommunication Market by Country
8.8 Europe Healthcare Market by Country
8.9 Europe Media & Entertainment Market by Country
8.1 Europe Others Market by Country
Chapter 9. Europe Multi-Factor Authentication Market by Country
9.1 Germany Multi-Factor Authentication Market
9.1.1 Germany Multi-Factor Authentication Market by Component
9.1.2 Germany Multi-Factor Authentication Market by Authentication Type
9.1.3 Germany Multi-Factor Authentication Market by Model Type
9.1.4 Germany Multi-Factor Authentication Market by Vertical
9.2 UK Multi-Factor Authentication Market
9.2.1 UK Multi-Factor Authentication Market by Component
9.2.2 UK Multi-Factor Authentication Market by Authentication Type
9.2.3 UK Multi-Factor Authentication Market by Model Type
9.2.4 UK Multi-Factor Authentication Market by Vertical
9.3 France Multi-Factor Authentication Market
9.3.1 France Multi-Factor Authentication Market by Component
9.3.2 France Multi-Factor Authentication Market by Authentication Type
9.3.3 France Multi-Factor Authentication Market by Model Type
9.3.4 France Multi-Factor Authentication Market by Vertical
9.4 Russia Multi-Factor Authentication Market
9.4.1 Russia Multi-Factor Authentication Market by Component
9.4.2 Russia Multi-Factor Authentication Market by Authentication Type
9.4.3 Russia Multi-Factor Authentication Market by Model Type
9.4.4 Russia Multi-Factor Authentication Market by Vertical
9.5 Spain Multi-Factor Authentication Market
9.5.1 Spain Multi-Factor Authentication Market by Component
9.5.2 Spain Multi-Factor Authentication Market by Authentication Type
9.5.3 Spain Multi-Factor Authentication Market by Model Type
9.5.4 Spain Multi-Factor Authentication Market by Vertical
9.6 Italy Multi-Factor Authentication Market
9.6.1 Italy Multi-Factor Authentication Market by Component
9.6.2 Italy Multi-Factor Authentication Market by Authentication Type
9.6.3 Italy Multi-Factor Authentication Market by Model Type
9.6.4 Italy Multi-Factor Authentication Market by Vertical
9.7 Rest of Europe Multi-Factor Authentication Market
9.7.1 Rest of Europe Multi-Factor Authentication Market by Component
9.7.2 Rest of Europe Multi-Factor Authentication Market by Authentication Type
9.7.3 Rest of Europe Multi-Factor Authentication Market by Model Type
9.7.4 Rest of Europe Multi-Factor Authentication Market by Vertical
Chapter 10. Company Profiles
10.1 Microsoft Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Thales Group S.A.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Product Launches and Product Expansions:
10.2.5.2 Acquisition and Mergers:
10.2.6 SWOT Analysis
10.3 CyberArk Software Ltd.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Product Launches and Product Expansions:
10.3.5.2 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 Broadcom, Inc.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 SWOT Analysis
10.5 Micro Focus International PLC (Open Text Corporation)
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 SWOT Analysis
10.6 HID Global Corporation (Assa Abloy AB)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.5.1 Acquisition and Mergers:
10.6.6 SWOT Analysis
10.7 Cisco Systems, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Product Launches and Product Expansions:
10.7.5.2 Acquisition and Mergers:
10.7.6 SWOT Analysis
10.8 Oracle Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.8.6 SWOT Analysis
10.9 RSA Security LLC (Symphony Technology Group)
10.9.1 Company Overview
10.9.2 SWOT Analysis
10.10. Salesforce, Inc. (Tableau Software, LLC)
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Regional Analysis
10.10.4 Research & Development Expense
10.10.5 Recent strategies and developments:
10.10.5.1 Acquisition and Mergers:
10.10.6 SWOT Analysis

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