Multifactor Authentication Market in South Korea (Republic of Korea) 2024-2028

List of Tables

Abstract

Multifactor Authentication Market In South Korea 2024-2028

The multifactor authentication market in South Korea is forecasted to grow by USD 897.51 mn during 2023-2028, accelerating at a CAGR of 24.49% 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.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	23.12%
CAGR	24.49%
Incremental Value	$897.51mn

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 the introduction of out-of-band (OOB) authentication, high-level security provided by hardware OTP tokens, and the growing adoption of BYOD among enterprises.

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

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's growth during the next few years. Also, increased adoption of unified platforms for authentication purposes and an increase in the 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 Spol Sro, 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 Inc., 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 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 and vendor landscape in addition to an analysis of the key vendors.

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 research - both primary and secondary. 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 the accurate market growth.

Product Code: IRTNTR77097

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Type
Exhibit 05: Executive Summary - Chart on Market Segmentation by Component
Exhibit 06: Executive Summary - Chart on Market Segmentation by Deployment
Exhibit 07: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 12: Chart on South Korea - Market size and forecast 2023-2028 ($ million)
Exhibit 13: Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
Exhibit 14: Chart on South Korea: Year-over-year growth 2023-2028 (%)
Exhibit 15: Data Table on South Korea: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Multifactor authentication market in South Korea (Republic of Korea) 2018 - 2022
Exhibit 16: Historic Market Size - Data Table on multifactor authentication market in south korea (republic of Korea) 2018 - 2022 ($ million)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 17: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Component Segment Analysis 2018 - 2022
Exhibit 18: Historic Market Size - Component Segment 2018 - 2022 ($ million)
4.4 Deployment Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Deployment Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 21: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 23: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 24: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 25: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 27: Chart on Type - Market share 2023-2028 (%)
Exhibit 28: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 29: Chart on Comparison by Type
Exhibit 30: Data Table on Comparison by Type
6.3 Password-based authentication - Market size and forecast 2023-2028
Exhibit 31: Chart on Password-based authentication - Market size and forecast 2023-2028 ($ million)
Exhibit 32: Data Table on Password-based authentication - Market size and forecast 2023-2028 ($ million)
Exhibit 33: Chart on Password-based authentication - Year-over-year growth 2023-2028 (%)
Exhibit 34: Data Table on Password-based authentication - Year-over-year growth 2023-2028 (%)
6.4 Password-less authentication - Market size and forecast 2023-2028
Exhibit 35: Chart on Password-less authentication - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Data Table on Password-less authentication - Market size and forecast 2023-2028 ($ million)
Exhibit 37: Chart on Password-less authentication - Year-over-year growth 2023-2028 (%)
Exhibit 38: Data Table on Password-less authentication - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Exhibit 39: Market opportunity by Type ($ million)
Exhibit 40: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Component

7.1 Market segments
Exhibit 41: Chart on Component - Market share 2023-2028 (%)
Exhibit 42: Data Table on Component - Market share 2023-2028 (%)
7.2 Comparison by Component
Exhibit 43: Chart on Comparison by Component
Exhibit 44: Data Table on Comparison by Component
7.3 Service - Market size and forecast 2023-2028
Exhibit 45: Chart on Service - Market size and forecast 2023-2028 ($ million)
Exhibit 46: Data Table on Service - Market size and forecast 2023-2028 ($ million)
Exhibit 47: Chart on Service - Year-over-year growth 2023-2028 (%)
Exhibit 48: Data Table on Service - Year-over-year growth 2023-2028 (%)
7.4 Product - Market size and forecast 2023-2028
Exhibit 49: Chart on Product - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Data Table on Product - Market size and forecast 2023-2028 ($ million)
Exhibit 51: Chart on Product - Year-over-year growth 2023-2028 (%)
Exhibit 52: Data Table on Product - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Component
Exhibit 53: Market opportunity by Component ($ million)
Exhibit 54: Data Table on Market opportunity by Component ($ million)

8 Market Segmentation by Deployment

8.1 Market segments
Exhibit 55: Chart on Deployment - Market share 2023-2028 (%)
Exhibit 56: Data Table on Deployment - Market share 2023-2028 (%)
8.2 Comparison by Deployment
Exhibit 57: Chart on Comparison by Deployment
Exhibit 58: Data Table on Comparison by Deployment
8.3 On premises - Market size and forecast 2023-2028
Exhibit 59: Chart on On premises - Market size and forecast 2023-2028 ($ million)
Exhibit 60: Data Table on On premises - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Chart on On premises - Year-over-year growth 2023-2028 (%)
Exhibit 62: Data Table on On premises - Year-over-year growth 2023-2028 (%)
8.4 Cloud - Market size and forecast 2023-2028
Exhibit 63: Chart on Cloud - Market size and forecast 2023-2028 ($ million)
Exhibit 64: Data Table on Cloud - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Chart on Cloud - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on Cloud - Year-over-year growth 2023-2028 (%)
8.5 Market opportunity by Deployment
Exhibit 67: Market opportunity by Deployment ($ million)
Exhibit 68: Data Table on Market opportunity by Deployment ($ million)

9 Customer Landscape

9.1 Customer landscape overview
Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 70: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 71: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 72: Overview on factors of disruption
11.4 Industry risks
Exhibit 73: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 74: Vendors covered
12.2 Market positioning of vendors
Exhibit 75: Matrix on vendor position and classification
12.3 Broadcom Inc.
Exhibit 76: Broadcom Inc. - Overview
Exhibit 77: Broadcom Inc. - Business segments
Exhibit 78: Broadcom Inc. - Key news
Exhibit 79: Broadcom Inc. - Key offerings
Exhibit 80: Broadcom Inc. - Segment focus
12.4 Cisco Systems Inc.
Exhibit 81: Cisco Systems Inc. - Overview
Exhibit 82: Cisco Systems Inc. - Business segments
Exhibit 83: Cisco Systems Inc. - Key news
Exhibit 84: Cisco Systems Inc. - Key offerings
Exhibit 85: Cisco Systems Inc. - Segment focus
12.5 CyberArk Software Ltd.
Exhibit 86: CyberArk Software Ltd. - Overview
Exhibit 87: CyberArk Software Ltd. - Product / Service
Exhibit 88: CyberArk Software Ltd. - Key offerings
12.6 Dell Technologies Inc.
Exhibit 89: Dell Technologies Inc. - Overview
Exhibit 90: Dell Technologies Inc. - Business segments
Exhibit 91: Dell Technologies Inc. - Key news
Exhibit 92: Dell Technologies Inc. - Key offerings
Exhibit 93: Dell Technologies Inc. - Segment focus
12.7 ESET Spol Sro
Exhibit 94: ESET Spol Sro - Overview
Exhibit 95: ESET Spol Sro - Product / Service
Exhibit 96: ESET Spol Sro - Key offerings
12.8 HID Global Corp.
Exhibit 97: HID Global Corp. - Overview
Exhibit 98: HID Global Corp. - Product / Service
Exhibit 99: HID Global Corp. - Key news
Exhibit 100: HID Global Corp. - Key offerings
12.9 Microsoft Corp.
Exhibit 101: Microsoft Corp. - Overview
Exhibit 102: Microsoft Corp. - Business segments
Exhibit 103: Microsoft Corp. - Key news
Exhibit 104: Microsoft Corp. - Key offerings
Exhibit 105: Microsoft Corp. - Segment focus
12.10 Okta Inc.
Exhibit 106: Okta Inc. - Overview
Exhibit 107: Okta Inc. - Product / Service
Exhibit 108: Okta Inc. - Key offerings
12.11 OneSpan Inc.
Exhibit 109: OneSpan Inc. - Overview
Exhibit 110: OneSpan Inc. - Product / Service
Exhibit 111: OneSpan Inc. - Key offerings
12.12 Open Text Corp.
Exhibit 112: Open Text Corp. - Overview
Exhibit 113: Open Text Corp. - Product / Service
Exhibit 114: Open Text Corp. - Key news
Exhibit 115: Open Text Corp. - Key offerings
12.13 Oracle Corp.
Exhibit 116: Oracle Corp. - Overview
Exhibit 117: Oracle Corp. - Business segments
Exhibit 118: Oracle Corp. - Key news
Exhibit 119: Oracle Corp. - Key offerings
Exhibit 120: Oracle Corp. - Segment focus
12.14 Ping Identity Corp.
Exhibit 121: Ping Identity Corp. - Overview
Exhibit 122: Ping Identity Corp. - Product / Service
Exhibit 123: Ping Identity Corp. - Key offerings
12.15 Quest Software Inc.
Exhibit 124: Quest Software Inc. - Overview
Exhibit 125: Quest Software Inc. - Product / Service
Exhibit 126: Quest Software Inc. - Key offerings
12.16 Safran SA
Exhibit 127: Safran SA - Overview
Exhibit 128: Safran SA - Business segments
Exhibit 129: Safran SA - Key news
Exhibit 130: Safran SA - Key offerings
Exhibit 131: Safran SA - Segment focus
12.17 Thales Group
Exhibit 132: Thales Group - Overview
Exhibit 133: Thales Group - Business segments
Exhibit 134: Thales Group - Key news
Exhibit 135: Thales Group - Key offerings
Exhibit 136: Thales Group - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 137: Inclusions checklist
Exhibit 138: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 139: Currency conversion rates for US$
13.4 Research methodology
Exhibit 140: Research methodology
Exhibit 141: Validation techniques employed for market sizing
Exhibit 142: Information sources
13.5 List of abbreviations
Exhibit 143: List of abbreviations