Product Code: ETC4458790 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Multifactor authentication solutions are increasingly adopted in the UK to enhance digital security across various sectors including finance, healthcare, and government. Rising cyber threats and regulatory requirements are boosting market growth.
The Multifactor Authentication market in the UK is driven by the increasing incidents of cyberattacks, data breaches, and identity thefts. Regulatory mandates for enhancing data security and the adoption of cloud-based services are driving the demand for robust authentication solutions.
Similarly, challenges in the Multifactor Authentication Market revolve around enhancing identity verification and access control for online transactions and enterprise networks. Addressing user experience and scalability demands biometric authentication and adaptive security protocols. Market dynamics influenced by remote access trends and regulatory frameworks further drive the adoption of MFA (Multifactor Authentication) solutions and identity management platforms, emphasizing secure authentication methods and continuous monitoring to safeguard digital identities and prevent unauthorized access in the UK cybersecurity landscape.
Government policies in the UK promote cybersecurity resilience, identity verification standards, and data protection in multifactor authentication technologies. Regulatory frameworks cover digital identity management, authentication protocols, and privacy-enhancing technologies to prevent unauthorized access and secure online transactions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Kingdom (UK) Multifactor Authentication Market Overview |
3.1 United Kingdom (UK) Country Macro Economic Indicators |
3.2 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, 2021 & 2031F |
3.3 United Kingdom (UK) Multifactor Authentication Market - Industry Life Cycle |
3.4 United Kingdom (UK) Multifactor Authentication Market - Porter's Five Forces |
3.5 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume Share, By Model Type, 2021 & 2031F |
3.6 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.7 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume Share, By Authentication Type, 2021 & 2031F |
3.8 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 United Kingdom (UK) Multifactor Authentication Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing instances of cyber threats and data breaches |
4.2.2 Regulatory requirements for data protection and privacy |
4.2.3 Growing adoption of cloud-based services and digital transformation initiatives |
4.3 Market Restraints |
4.3.1 High implementation costs and complexity of multifactor authentication solutions |
4.3.2 Resistance to change and user experience challenges |
4.3.3 Lack of awareness and understanding of the benefits of multifactor authentication |
5 United Kingdom (UK) Multifactor Authentication Market Trends |
6 United Kingdom (UK) Multifactor Authentication Market, By Types |
6.1 United Kingdom (UK) Multifactor Authentication Market, By Model Type |
6.1.1 Overview and Analysis |
6.1.2 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By Model Type, 2021-2031F |
6.1.3 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By Two Factor Authentication, 2021-2031F |
6.1.4 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By Three Factor Authentication, 2021-2031F |
6.1.5 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By Four Factor Authentication, 2021-2031F |
6.1.6 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By Five Factor Authentication, 2021-2031F |
6.2 United Kingdom (UK) Multifactor Authentication Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By IT & Telecommunication, 2021-2031F |
6.2.3 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By BFSI, 2021-2031F |
6.2.4 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By Retail, 2021-2031F |
6.2.5 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.6 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By Others, 2021-2031F |
6.3 United Kingdom (UK) Multifactor Authentication Market, By Authentication Type |
6.3.1 Overview and Analysis |
6.3.2 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By Password Authentication, 2021-2031F |
6.3.3 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By Passwordless Authentication, 2021-2031F |
6.4 United Kingdom (UK) Multifactor Authentication Market, By Component |
6.4.1 Overview and Analysis |
6.4.2 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By Solutions, 2021-2031F |
6.4.3 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By Hardware, 2021-2031F |
6.4.4 United Kingdom (UK) Multifactor Authentication Market Revenues & Volume, By Services, 2021-2031F |
7 United Kingdom (UK) Multifactor Authentication Market Import-Export Trade Statistics |
7.1 United Kingdom (UK) Multifactor Authentication Market Export to Major Countries |
7.2 United Kingdom (UK) Multifactor Authentication Market Imports from Major Countries |
8 United Kingdom (UK) Multifactor Authentication Market Key Performance Indicators |
8.1 Average time to authenticate a user |
8.2 Percentage of successful authentications |
8.3 Rate of unauthorized access attempts |
8.4 Number of reported security incidents related to unauthorized access |
8.5 User satisfaction scores with multifactor authentication experience |
9 United Kingdom (UK) Multifactor Authentication Market - Opportunity Assessment |
9.1 United Kingdom (UK) Multifactor Authentication Market Opportunity Assessment, By Model Type, 2021 & 2031F |
9.2 United Kingdom (UK) Multifactor Authentication Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.3 United Kingdom (UK) Multifactor Authentication Market Opportunity Assessment, By Authentication Type, 2021 & 2031F |
9.4 United Kingdom (UK) Multifactor Authentication Market Opportunity Assessment, By Component, 2021 & 2031F |
10 United Kingdom (UK) Multifactor Authentication Market - Competitive Landscape |
10.1 United Kingdom (UK) Multifactor Authentication Market Revenue Share, By Companies, 2024 |
10.2 United Kingdom (UK) Multifactor Authentication Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |