The Global FIDO Authentication Market size was estimated at USD 1.69 billion in 2021 and is expected to hit around USD 4.68 billion by 2031, poised to grow at a compound annual growth rate (CAGR) of 18.42% from 2022 to 2031.
Global FIDO Authentication Market: Breakup by Region, 2022 & 2031
Source: Primary Research and Secondary Research Analysis
The market for goods and services associated with FIDO authentication solutions on a global level is referred to as the Global FIDO (Fast Identity Online) Authentication Market. An open standard for user-friendly and secure authentication, FIDO authentication seeks to displace the use of conventional username and password-based authentication techniques. In order to increase the convenience and security of online authentication processes, it makes use of a variety of biometric, cryptographic, and security technologies.
Hardware and software solutions created to implement FIDO standards, such as FIDO U2F (Universal 2nd Factor) and FIDO2, across several applications and industries are essential elements of the Global FIDO Authentication Market. These solutions may include hardware security keys or software-based authentication tokens, as well as biometric authentication techniques like fingerprint, facial, or voice recognition.
Several important developments are reshaping the landscape across numerous industries in the quickly changing global economy. First, organisations from all industries continue to aggressively invest in technology as part of the digital transformation, which aims to improve customer experiences and streamline operations. The need for cloud-based solutions, IoT technology, and data analytics tools has increased as a result.
Second, given the sophistication of cyberthreats, cybersecurity continues to be a major priority. Advanced cybersecurity solutions, such as AI-driven threat detection, zero-trust security models, and powerful encryption technologies, are in high demand on the global market right now. Secure remote access solutions and thorough cybersecurity procedures are more important than ever as remote work becomes more commonplace.
Recent Developments:
Recent years have seen a number of notable changes in the global FIDO authentication market, demonstrating the growing significance of safe and simple authentication methods. First off, there has been a noticeable increase in the adoption of FIDO2 standards, which enable passwordless authentication. Users can now log in without using conventional passwords, increasing security and convenience. Major IT firms have incorporated FIDO2 support into their goods and services, such as Microsoft and Google, to further encourage adoption.
Second, the FIDO Authentication Market has given biometric authentication techniques more significance. The prevalence of technologies like facial recognition, fingerprint recognition, and even behavioural biometrics has increased, giving users more robust and individualised identification alternatives. These developments have been especially helpful in fields like finance and healthcare, where identity and security are major concerns.
Table of Content
Global FIDO Authentication Market Research Report, 2020-2031.
Chapter 1. Introduction
1.1. Report description
1.2. Key market segments
1.3. Regional Scope
1.4. Executive Summary
Chapter 2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Secondary Analyst Tools and Models
Chapter 3. Market Dynamics
3.1. Market driver analysis
3.2. Market restraint analysis
3.3. Market Opportunity
3.4. Market Challenges
3.5. Impact analysis of COVID-19 on the FIDO Authentication Market
Chapter 4. Market Variables and Outlook
4.1. SWOT Analysis
4.1.1. Strengths
4.1.2. Weaknesses
4.1.3. Opportunities
4.1.4. Threats
4.2. Supply Chain Analysis
4.3. PESTEL Analysis
4.3.1. Political Landscape
4.3.2. Economic Landscape
4.3.3. Social Landscape
4.3.4. Technological Landscape
4.3.5. Environmental Landscape
4.3.6. Legal Landscape
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitute
4.4.4. Threat of New Entrant
4.4.5. Competitive Rivalry
Chapter 5. FIDO Authentication Market: Type Estimates & Trend Analysis
5.1. FIDO Authentication Market value share and forecast, (2020 to 2031)
5.2. Incremental Growth Analysis and Infographic Presentation
5.3. FIDO U2F
5.3.1. Market Size & Forecast, 2020-2031
5.4. FIDO2
5.4.1. Market Size & Forecast, 2020-2031
Chapter 6. FIDO Authentication Market: Authentication Mode Estimates & Trend Analysis
6.1. FIDO Authentication Market value share and forecast, (2020 to 2031)
6.2. Incremental Growth Analysis and Infographic Presentation
6.3. Single-Factor Authentication
6.3.1. Market Size & Forecast, 2020-2031
6.4. Multi-Factor Authentication
6.4.1. Market Size & Forecast, 2020-2031
Chapter 7. FIDO Authentication Market: Deployment Mode Size Estimates & Trend
Analysis
7.1. FIDO Authentication Market value share and forecast, (2020 to 2031)
7.2. Incremental Growth Analysis and Infographic Presentation
7.3. Cloud-based FIDO Authentication
7.3.1. Market Size & Forecast, 2020-2031
7.4. On-Premises FIDO Authentication
7.4.1. Market Size & Forecast, 2020-2031
Chapter 8. FIDO Authentication Market: End-User Industry Estimates & Trend Analysis
8.1. FIDO Authentication Market value share and forecast, (2020 to 2031)
8.2. Incremental Growth Analysis and Infographic Presentation
8.3. Finance and Banking
8.3.1. Market Size & Forecast, 2020-2031
8.4. Healthcare
8.4.1. Market Size & Forecast, 2020-2031
8.5. E-commerce and Retail
8.5.1. Market Size & Forecast, 2020-2031
8.6. Government and Defence
8.6.1. Market Size & Forecast, 2020-2031
8.7. IT and Telecom
8.7.1. Market Size & Forecast, 2020-2031
8.8. Others
8.8.1. Market Size & Forecast, 2020-2031
Chapter 9. FIDO Authentication Market: Regional Estimates & Trend Analysis
9.1. FIDO Authentication Market value share and forecast, (2020 to 2031)
9.2. Incremental Growth Analysis and Infographic Presentation
9.3. North America
9.3.1. Market Size & Forecast, 2020-2031
9.4. Europe
9.4.1. Market Size & Forecast, 2020-2031
9.5. Asia Pacific
9.5.1. Market Size & Forecast, 2020-2031
9.6. Middle East & Africa
9.6.1. Market Size & Forecast, 2020-2031
9.7. Latin America
9.7.1. Market Size & Forecast, 2020-2031
Chapter 10. FIDO Authentication Market: Country Estimates & Trend Analysis
10.1. FIDO Authentication Market value share and forecast, (2020 to 2031)
10.2. Incremental Growth Analysis and Infographic Presentation
10.3. U.S.
10.3.1. Market Size & Forecast, 2020-2031
10.4. Canada
10.4.1. Market Size & Forecast, 2020-2031
10.5. Mexico
10.5.1. Market Size & Forecast, 2020-2031
10.6. UK
10.6.1. Market Size & Forecast, 2020-2031
10.7. France
10.7.1. Market Size & Forecast, 2020-2031
10.8. Germany
10.8.1. Market Size & Forecast, 2020-2031
10.9. Russia
10.9.1. Market Size & Forecast, 2020-2031
10.10. Italy
10.10.1. Market Size & Forecast, 2020-2031
10.11. Spain
10.11.1. Market Size & Forecast, 2020-2031
10.12. China
10.12.1. Market Size & Forecast, 2020-2031
10.13. India
10.13.1. Market Size & Forecast, 2020-2031
10.14. Japan
10.14.1. Market Size & Forecast, 2020-2031
10.15. Indonesia
10.15.1. Market Size & Forecast, 2020-2031
10.16. South Korea
10.16.1. Market Size & Forecast, 2020-2031
10.17. Australia
10.17.1. Market Size & Forecast, 2020-2031
10.18. Brazil
10.18.1. Market Size & Forecast, 2020-2031
10.19. Argentina
10.19.1. Market Size & Forecast, 2020-2031
10.20. Saudi Arabia
10.20.1. Market Size & Forecast, 2020-2031
10.21. UAE
10.21.1. Market Size & Forecast, 2020-2031
10.22. South Africa
10.22.1. Market Size & Forecast, 2020-2031
Chapter 11. Competitive Landscape
11.1. Company Market Share Analysis
11.2. Vendor Landscape
11.3. Competition Dashboard
Chapter 12. Company Profiles
12.1. Business Overview, Product Landscape, Financial Performanceand Company
Strategies for below companies
12.2. Google
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Benchmarking
12.2.4. Geographic Footprint
12.2.5. Strategic Initiatives
12.3. Microsoft
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Benchmarking
12.3.4. Geographic Footprint
12.3.5. Strategic Initiatives
12.4. Yubico
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Benchmarking
12.4.4. Geographic Footprint
12.4.5. Strategic Initiatives
12.5. Thales Group
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Benchmarking
12.5.4. Geographic Footprint
12.5.5. Strategic Initiatives
12.6. Duo Security (Cisco)
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Benchmarking
12.6.4. Geographic Footprint
12.6.5. Strategic Initiatives
12.7. RSA Security (Dell Technologies)
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Benchmarking
12.7.4. Geographic Footprint
12.7.5. Strategic Initiatives
12.8. HID Global
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Benchmarking
12.8.4. Geographic Footprint
12.8.5. Strategic Initiatives
12.9. Okta, Inc.
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Benchmarking
12.9.4. Geographic Footprint
12.9.5. Strategic Initiatives
12.10. Feitian Technologies
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Benchmarking
12.10.4. Geographic Footprint
12.10.5. Strategic Initiatives
12.11. Gemalto (Thales Group)
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Benchmarking
12.11.4. Geographic Footprint
12.11.5. Strategic Initiatives
12.12. OneSpan
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Benchmarking
12.12.4. Geographic Footprint
12.12.5. Strategic Initiatives
12.13. Ping Identity
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Benchmarking
12.13.4. Geographic Footprint
12.13.5. Strategic Initiatives
12.14. IBM
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Benchmarking
12.14.4. Geographic Footprint
12.14.5. Strategic Initiatives
12.15. NEC Corporation
12.15.1. Company Overview
12.15.2. Financial Performance
12.15.3. Product Benchmarking
12.15.4. Geographic Footprint
12.15.5. Strategic Initiatives
12.16. AuthenTrend
12.16.1. Company Overview
12.16.2. Financial Performance
12.16.3. Product Benchmarking
12.16.4. Geographic Footprint
12.16.5. Strategic Initiatives
Chapter 13. Conclusion
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