Global Two Factor Authentication Industry

2023-2029 Global Two-Factor Authentication(2FA) Industry Research & Trends Analysis Report

Global Two Factor Authentication Industry

2023-2029 Global Two-Factor Authentication(2FA) Industry Research & Trends Analysis Report


The research report on ‘Two-Factor Authentication(2FA) Market’ provides a workplan for stakeholders for the estimated timeframe of -. To elaborate, it offers valid predictions for the size, shares, and growth patterns of this domain over the projected timeline by assessing the past records and present business trends.

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According to the research report published by Market IntelliX, the global market for Two-Factor Authentication(2FA) should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.

China Two-Factor Authentication(2FA) market should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.

The United States Two-Factor Authentication(2FA) market should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.

In terms of type, SMS 2FA segment holds a share about % in 2022 and will reach % in 2029; while in terms of application, Banking and Finance has a share approximately % in 2022 and will grow at a CAGR % during 2023 and 2029.

The global key manufacturers of Two-Factor Authentication(2FA) include Microsoft Security, Morpho, Gemalto, NEC, Entrust, Broadcom, Fujitsu, VASCO Data Security and HID Global, etc. In 2022, the global top five players hold a share approximately % in terms of revenue.

This report aims to provide a comprehensive study of the global market for Two-Factor Authentication(2FA). Report Highlights:

(1) Global Two-Factor Authentication(2FA) market size (value), history data from 2018-2022 and forecast data from 2023 to 2029.

(2) Global Two-Factor Authentication(2FA) market competitive situation, revenue and market share, from 2018 to 2022.

(3) China Two-Factor Authentication(2FA) market competitive situation, revenue and market share, from 2018 to 2022.

(4) Global Two-Factor Authentication(2FA) segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.

(5) Global Two-Factor Authentication(2FA) segment by type and by application and regional segment by type and by application.

(6) Two-Factor Authentication(2FA) industry supply chain, upstream, midstream and downstream analysis.

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa

Market segment by type, covers

SMS 2FA

TOTP 2FA

Push-Based 2FA

WebAuthn

Market segment by application, can be divided into

Banking and Finance

Government

Commercial Enterprises

Others

Market segment by players, this report covers

Microsoft Security

Morpho

Gemalto

NEC

Entrust

Broadcom

Fujitsu

VASCO Data Security

HID Global

RSA Security

Symantec Corporation

SecurEnvoy

Crossmatch

1 Market Overview

1.1 Product Overview and Scope of Two-Factor Authentication(2FA)

1.2 Global Two-Factor Authentication(2FA) Market Size and Forecast

1.3 China Two-Factor Authentication(2FA) Market Size and Forecast

1.4 China Market Percentage in Global

1.4.1 By Revenue, China Two-Factor Authentication(2FA) Share in Global Market, 2018-2029

1.4.2 Two-Factor Authentication(2FA) Market Size: China VS Global, 2018-2029

1.5 Two-Factor Authentication(2FA) Market Dynamics

1.5.1 Two-Factor Authentication(2FA) Market Drivers

1.5.2 Two-Factor Authentication(2FA) Market Restraints

1.5.3 Two-Factor Authentication(2FA) Industry Trends

1.5.4 Two-Factor Authentication(2FA) Industry Policy

2 Global Competitive Situation by Company

2.1 Global Two-Factor Authentication(2FA) Revenue by Company (2018-2023)

2.2 Global Two-Factor Authentication(2FA) Participants, Market Position (Tier 1, Tier 2 and Tier 3)

2.3 Global Two-Factor Authentication(2FA) Concentration Ratio

2.4 Global Two-Factor Authentication(2FA) Mergers & Acquisitions, Expansion Plans

2.5 Global Two-Factor Authentication(2FA) Manufacturers Product Type

3 China Competitive Situation by Company

3.1 China Two-Factor Authentication(2FA) Revenue by Company (2018-2023)

3.2 China Two-Factor Authentication(2FA) Two-Factor Authentication(2FA) Participants, Market Position (Tier 1, Tier 2 and Tier 3)

3.3 China Two-Factor Authentication(2FA), Revenue Percentage of Local Players VS Foreign Manufacturers (2018-2023)

4 Industry Chain Analysis

4.1 Two-Factor Authentication(2FA) Industry Chain

4.2 Two-Factor Authentication(2FA) Upstream Analysis

4.3 Two-Factor Authentication(2FA) Midstream Analysis

4.4 Two-Factor Authentication(2FA) Downstream Analysis

5 Sights by Type

5.1 Two-Factor Authentication(2FA) Classification

5.1.1 SMS 2FA

5.1.2 TOTP 2FA

5.1.3 Push-Based 2FA

5.1.4 WebAuthn

5.2 By Type, Global Two-Factor Authentication(2FA) Market Size & CAGR, 2018 VS 2022 VS 2029

5.3 By Type, Global Two-Factor Authentication(2FA) Revenue, 2018-2029

6 Sights by Application

6.1 Two-Factor Authentication(2FA) Segment by Application

6.1.1 Banking and Finance

6.1.2 Government

6.1.3 Commercial Enterprises

6.1.4 Others

6.2 By Application, Global Two-Factor Authentication(2FA) Market Size & CAGR, 2018 VS 2022 VS 2029

6.3 By Application, Global Two-Factor Authentication(2FA) Revenue, 2018-2029

7 Sales Sights by Region

7.1 By Region, Global Two-Factor Authentication(2FA) Market Size, 2018 VS 2022 VS 2029

7.2 By Region, Global Two-Factor Authentication(2FA) Market Size, 2018-2029

7.3 North America

7.3.1 North America Two-Factor Authentication(2FA) Market Size & Forecasts, 2018-2029

7.3.2 By Country, North America Two-Factor Authentication(2FA) Market Size Market Share

7.4 Europe

7.4.1 Europe Two-Factor Authentication(2FA) Market Size & Forecasts, 2018-2029

7.4.2 By Country, Europe Two-Factor Authentication(2FA) Market Size Market Share

7.5 Asia Pacific

7.5.1 Asia Pacific Two-Factor Authentication(2FA) Market Size & Forecasts, 2018-2029

7.5.2 By Country/Region, Asia Pacific Two-Factor Authentication(2FA) Market Size Market Share

7.6 South America

7.6.1 South America Two-Factor Authentication(2FA) Market Size & Forecasts, 2018-2029

7.6.2 By Country, South America Two-Factor Authentication(2FA) Market Size Market Share

7.7 Middle East & Africa

8 Sights by Country Level

8.1 By Country, Global Two-Factor Authentication(2FA) Market Size & CAGR，2018 VS 2022 VS 2029

8.2 By Country, Global Two-Factor Authentication(2FA) Market Size, 2018-2029

8.3 U.S.

8.3.1 U.S. Two-Factor Authentication(2FA) Market Size, 2018-2029

8.3.2 By Company, U.S. Two-Factor Authentication(2FA) Revenue Market Share, 2018-2023

8.3.3 By Type, U.S. Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.3.4 By Application, U.S. Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.4 Europe

8.4.1 Europe Two-Factor Authentication(2FA) Market Size, 2018-2029

8.4.2 By Company, Europe Two-Factor Authentication(2FA) Revenue Market Share, 2018-2023

8.4.3 By Type, Europe Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.4.4 By Application, Europe Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.5 China

8.5.1 China Two-Factor Authentication(2FA) Market Size, 2018-2029

8.5.2 By Company, China Two-Factor Authentication(2FA) Revenue Market Share, 2018-2023

8.5.3 By Type, China Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.5.4 By Application, China Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.6 Japan

8.6.1 Japan Two-Factor Authentication(2FA) Market Size, 2018-2029

8.6.2 By Company, Japan Two-Factor Authentication(2FA) Revenue Market Share, 2018-2023

8.6.3 By Type, Japan Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.6.4 By Application, Japan Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.7 South Korea

8.7.1 South Korea Two-Factor Authentication(2FA) Market Size, 2018-2029

8.7.2 By Company, South Korea Two-Factor Authentication(2FA) Revenue Market Share, 2018-2023

8.7.3 By Type, South Korea Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.7.4 By Application, South Korea Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.8 Southeast Asia

8.8.1 Southeast Asia Two-Factor Authentication(2FA) Market Size, 2018-2029

8.8.2 By Company, Southeast Asia Two-Factor Authentication(2FA) Revenue Market Share, 2018-2023

8.8.3 By Type, Southeast Asia Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.8.4 By Application, Southeast Asia Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.9 India

8.9.1 India Two-Factor Authentication(2FA) Market Size, 2018-2029

8.9.2 By Company, India Two-Factor Authentication(2FA) Revenue Market Share, 2018-2023

8.9.3 By Type, India Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.9.4 By Application, India Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.10 Middle East & Asia

8.10.1 Middle East & Asia Two-Factor Authentication(2FA) Market Size, 2018-2029

8.10.2 By Company, Middle East & Asia Two-Factor Authentication(2FA) Revenue Market Share, 2018-2023

8.10.3 By Type, Middle East & Asia Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

8.10.4 By Application, Middle East & Asia Two-Factor Authentication(2FA) Revenue Market Share, 2022 VS 2029

9 Global Manufacturers Profile

9.1 Microsoft Security

9.1.1 Microsoft Security Company Information, Head Office, Market Area and Industry Position

9.1.2 Microsoft Security Company Profile and Main Business

9.1.3 Microsoft Security Two-Factor Authentication(2FA) Models, Specifications and Application

9.1.4 Microsoft Security Two-Factor Authentication(2FA) Revenue and Gross Margin, 2018-2023

9.1.5 Microsoft Security Recent Developments

9.2 Morpho

9.2.1 Morpho Company Information, Head Office, Market Area and Industry Position

9.2.2 Morpho Company Profile and Main Business

9.2.3 Morpho Two-Factor Authentication(2FA) Models, Specifications and Application

9.2.4 Morpho Two-Factor Authentication(2FA) Revenue and Gross Margin, 2018-2023

9.2.5 Morpho Recent Developments

9.3 Gemalto

9.3.1 Gemalto Company Information, Head Office, Market Area and Industry Position

9.3.2 Gemalto Company Profile and Main Business

9.3.3 Gemalto Two-Factor Authentication(2FA) Models, Specifications and Application

9.3.4 Gemalto Two-Factor Authentication(2FA) Revenue and Gross Margin, 2018-2023

9.3.5 Gemalto Recent Developments

9.4 NEC

9.4.1 NEC Company Information, Head Office, Market Area and Industry Position

9.4.2 NEC Company Profile and Main Business

9.4.3 NEC Two-Factor Authentication(2FA) Models, Specifications and Application

9.4.4 NEC Two-Factor Authentication(2FA) Revenue and Gross Margin, 2018-2023

9.4.5 NEC Recent Developments

9.5 Entrust

9.5.1 Entrust Company Information, Head Office, Market Area and Industry Position

9.5.2 Entrust Company Profile and Main Business

9.5.3 Entrust Two-Factor Authentication(2FA) Models, Specifications and Application

9.5.4 Entrust Two-Factor Authentication(2FA) Revenue and Gross Margin, 2018-2023

9.5.5 Entrust Recent Developments

9.6 Broadcom

9.6.1 Broadcom Company Information, Head Office, Market Area and Industry Position

9.6.2 Broadcom Company Profile and Main Business

9.6.3 Broadcom Two-Factor Authentication(2FA) Models, Specifications and Application

9.6.4 Broadcom Two-Factor Authentication(2FA) Revenue and Gross Margin, 2018-2023

9.6.5 Broadcom Recent Developments

9.7 Fujitsu

9.7.1 Fujitsu Company Information, Head Office, Market Area and Industry Position

9.7.2 Fujitsu Company Profile and Main Business

9.7.3 Fujitsu Two-Factor Authentication(2FA) Models, Specifications and Application

9.7.4 Fujitsu Two-Factor Authentication(2FA) Revenue and Gross Margin, 2018-2023

9.7.5 Fujitsu Recent Developments

9.8 VASCO Data Security

9.8.1 VASCO Data Security Company Information, Head Office, Market Area and Industry Position

9.8.2 VASCO Data Security Company Profile and Main Business

9.8.3 VASCO Data Security Two-Factor Authentication(2FA) Models, Specifications and Application

9.8.4 VASCO Data Security Two-Factor Authentication(2FA) Revenue and Gross Margin, 2018-2023

9.8.5 VASCO Data Security Recent Developments

9.9 HID Global

9.9.1 HID Global Company Information, Head Office, Market Area and Industry Position

9.9.2 HID Global Company Profile and Main Business

9.9.3 HID Global Two-Factor Authentication(2FA) Models, Specifications and Application

9.9.4 HID Global Two-Factor Authentication(2FA) Revenue and Gross Margin, 2018-2023

9.9.5 HID Global Recent Developments

9.10 RSA Security

9.10.1 RSA Security Company Information, Head Office, Market Area and Industry Position

9.10.2 RSA Security Company Profile and Main Business

9.10.3 RSA Security Two-Factor Authentication(2FA) Models, Specifications and Application

9.10.4 RSA Security Two-Factor Authentication(2FA) Revenue and Gross Margin, 2018-2023

9.10.5 RSA Security Recent Developments

9.11 Symantec Corporation

9.11.1 Symantec Corporation Company Information, Head Office, Market Area and Industry Position

9.11.2 Symantec Corporation Company Profile and Main Business

9.11.3 Symantec Corporation Two-Factor Authentication(2FA) Models, Specifications and Application

9.11.4 Symantec Corporation Two-Factor Authentication(2FA) Revenue and Gross Margin, 2018-2023

9.11.5 Symantec Corporation Recent Developments

9.12 SecurEnvoy

9.12.1 SecurEnvoy Company Information, Head Office, Market Area and Industry Position

9.12.2 SecurEnvoy Company Profile and Main Business

9.12.3 SecurEnvoy Two-Factor Authentication(2FA) Models, Specifications and Application

9.12.4 SecurEnvoy Two-Factor Authentication(2FA) Revenue and Gross Margin, 2018-2023

9.12.5 SecurEnvoy Recent Developments

9.13 Crossmatch

9.13.1 Crossmatch Company Information, Head Office, Market Area and Industry Position

9.13.2 Crossmatch Company Profile and Main Business

9.13.3 Crossmatch Two-Factor Authentication(2FA) Models, Specifications and Application

9.13.4 Crossmatch Two-Factor Authentication(2FA) Revenue and Gross Margin, 2018-2023

9.13.5 Crossmatch Recent Developments

10 Conclusion

11 Appendix

11.1 Research Methodology

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Market Estimation Model

11.4 Disclaimer

Tables & Figures:
Show more
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Two-Factor Authentication(2FA) Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Is the Two-Factor Authentication(2FA) Market shifting its focus from growth to value?
Recognize the areas along the Two-Factor Authentication(2FA) Market's value chain where players are generating value. To get a complete picture, kindly read the entire report.
How big is the Two-Factor Authentication(2FA) Market by 2030?
It is expected that the Two-Factor Authentication(2FA) Market will reach USD XX million by 2030.
Is further segmentation possible given the scope of the Two-Factor Authentication(2FA) Market study?
Yes, the add-on segmentation is available in the premium customised version of the Two-Factor Authentication(2FA) Market report for a more in-depth analysis. It aids in the calculation of refined and precise market values.
How does the Two-Factor Authentication(2FA) Market study reflects the current scenario?
The Two-Factor Authentication(2FA) study focuses on shifting market dynamics, geopolitical and regulatory regulations, and key players' strategies to carefully analyze demand at risk across multiple industry categories.