Saudi Arabia Multi-Factor Authentication market is expected to grow at a steady rate in the forecast period. The rise in the number of cyber-attacks and the cases of data breaches in organizations is the major driving factor for the growth of the multi-factor authentication market. Organizations are investing huge amounts to ensure the security of their confidential information and data which is fueling the growth of the multi-factor authentication market. Increasing adoption of advanced technology in organizations including the internet of things, cloud computing, big data analytics, amongst others is creating the need to integrate multi-factor authentication with the existing system thereby is expected to accelerate the multi-factor authentication market growth. The growing adoption of bring your own device and work from home facilities in enterprises is contributing to a surge in the demand of the multi-factor authentication market for the next five years. Ongoing research and development activities to develop novel multi-factor authentication tools, services and solutions are influencing the market growth. The major revenue-generating industry in Saudi Arabia is the oil industry and to reduce the dependency on the oil industry and diversify the income resources the leading authorities are boosting the growth of other industries which in turn is expected to foster the multi-factor authentication market growth.  

The Saudi Arabia Multi-Factor Authentication market is segmented into component, model type, authentication type, organization size, end user, regional distribution, and company. Based on the model type, the market can be divided into two, three, four, and five-factor. The two-factor authentication segment is expected to witness growth in the forecast period, 2022-2026. It enables the organizations to digitally authenticate the user’s identity by using multiple parameters such as possession-based factors, inherence-based factors, knowledge-based factors, amongst others which aid in maintaining the security of the system.

The major players operating on the Multi-Factor Authentication market are Microsoft Corporation, OneSpan Inc., Okta, Inc., Micro Focus International plc, Thales Group, RSA Security LLC, HID Global, Eset, LLC, ForgeRock, Inc., CyberArk Software Ltd., OneLogin, Inc., SecureAuth Corporation, Oracle Corporation, salesforce.com, Inc., Suprema HQ Inc, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

  • To analyze and estimate the market size of Saudi Arabia Multi-Factor Authentication market from 2016 to 2019.
  • To estimate and forecast the market size of Saudi Arabia Multi-Factor Authentication market from 2020 to 2026 and growth rate until 2026.
  • To classify and forecast Saudi Arabia Multi-Factor Authentication market based on component, model type, authentication type, organization size, end user, regional distribution, and company.
  • To identify dominant region or segment in the Saudi Arabia Multi-Factor Authentication market.
  • To identify drivers and challenges for Saudi Arabia Multi-Factor Authentication market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia Multi-Factor Authentication market.
  • To identify and analyze the profile of leading players operating in Saudi Arabia Multi-Factor Authentication market.
  • To identify key sustainable strategies adopted by market players in Saudi Arabia Multi-Factor Authentication market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of Saudi Arabia Multi-Factor Authentication market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research. 

Key Target Audience:

  • Multi-Factor Authentication service provider companies
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums, and alliances related to Multi-Factor Authentication market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia Multi-Factor Authentication market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Multi-Factor Authentication Market, By Component:
    • Hardware
    • Solutions
    • Services
  • Saudi Arabia Multi-Factor Authentication Market, By Model Type:
    • Two
    • Three
    • Four
    • Five-Factor
  • Saudi Arabia Multi-Factor Authentication Market, By Authentication Type:
    • Password
    • Without Password
  • Saudi Arabia Multi-Factor Authentication Market, By Organization Size:
    • Small and Medium-Sized Enterprises
    • Large Enterprises
  • Saudi Arabia Multi-Factor Authentication Market, By End User:
    • BFSI
    • Government
    • IT & Telecommunication
    • Healthcare
    • Media & Entertainment
    • Others
  • Saudi Arabia Multi-Factor Authentication Market, By Region:
    • Western Region
    • Northern & Central Region
    • Eastern Region
    • Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Multi-Factor Authentication market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Saudi Arabia Multi-Factor Authentication market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Saudi Arabia Multi-Factor Authentication Market

4.    Executive Summary

5.    Saudi Arabia Multi-Factor Authentication Market Outlook

5.1.  Market Size & Forecast

5.1.1. By Value

5.2.  Market Share & Forecast

5.2.1. By Component (Hardware, Solutions, and Services)

5.2.2. By Model Type (Two, Three, Four, and Five-Factor)

5.2.3. By Authentication Type (Password, Without Password)

5.2.4. By Organization Size (Small and Medium-Sized Enterprises, Large Enterprises)

5.2.5. By End User (BFSI, Government, IT & Telecommunication, Healthcare, Media & Entertainment, Others)

5.2.6. By Region

5.2.7. By Company (2020)

5.3.  Product Market Map

6.    Saudi Arabia Password Multi-Factor Authentication Market Outlook

6.1.  Market Size & Forecast          

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1. By Component

6.2.2. By Model Type

6.2.3. By Organization Size

6.2.4. By End User

7.    Saudi Arabia Without Password Multi-Factor Authentication Market Outlook

7.1.  Market Size & Forecast          

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Component

7.2.2. By Model Type

7.2.3. By Organization Size

7.2.4. By End User

8.    Market Dynamics

8.1.  Drivers

8.2.  Challenges

9.    Market Trends & Developments

10.  Policy & Regulatory Landscape

11.  Saudi Arabia Economic Profile

12.  Competitive Landscape

12.1.              Company Profiles

12.1.1.   Microsoft Corporation

12.1.2.   OneSpan Inc.

12.1.3.   Okta, Inc.

12.1.4.   Micro Focus International plc

12.1.5.   Thales Group

12.1.6.   RSA Security LLC

12.1.7.   HID Global

12.1.8.   Eset, LLC

12.1.9.   ForgeRock, Inc.

12.1.10. CyberArk Software Ltd.

12.1.11. OneLogin, Inc.

12.1.12. SecureAuth Corporation

12.1.13. Oracle Corporation

12.1.14. salesforce.com, Inc.

12.1.15. Suprema HQ Inc

13.  Strategic Recommendations

14. About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]