Press release
The FIDO Authentication Market, which utilizes authentication solutions based on the FIDO (Fast Identity Online) standards, is witnessing rapid expansion, with a projected market value of nearly USD 47.05 Bn by 2029, growing at a CAGR of 20.2 percent from
FIDO Authentication Market
FIDO Authentication offers a robust and secure alternative to conventional password-based authentication techniques, addressing the vulnerabilities associated with weak passwords, password reuse, and phishing attempts. It ensures user privacy and data protection through the use of strong authentication and public key cryptography.
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Key drivers of the FIDO Authentication Market include the growing demand for enhanced security measures across industries such as banking, e-commerce, healthcare, government, and business applications. The complexity and increase in cyber threats and identity theft incidents further emphasize the need for more secure authentication techniques. Technological advancements and rising awareness among end-users and organizations regarding the benefits of FIDO-based authentication are expected to drive market growth.
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FIDO Authentication Market Dynamics:
"The FIDO Authentication Market offers significant opportunities driven by the rising adoption of digital services and the priority placed on data protection in emerging markets," said [Spokesperson]. "Companies that deploy FIDO Authentication gain a competitive edge and access to new markets by offering cutting-edge authentication solutions aligned with regional data privacy goals. "Despite the market's positive outlook, there are challenges to overcome. Resistance to transitioning from conventional password-based systems to FIDO Authentication, compatibility with diverse operating systems and platforms, and potential security vulnerabilities require ongoing efforts in education, awareness, and regular updates.
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Prominent trends in the FIDO Authentication Market include the integration of biometric authentication, multi-factor authentication (MFA), and the use of cloud-based authentication services for seamless integration and enhanced user experience. The market is segmented based on deployment models (on-premises and cloud-based), organization size (small and medium-sized businesses [SMEs] and large enterprises), verticals (banking and finance, healthcare, government and defense, e-commerce, IT and telecommunications, and others), and authentication types (passwordless, biometric, hardware token-based, and others).
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FIDO Authentication Market Regional Insights:
North America currently leads the FIDO Authentication market, followed by Europe, while the Asia-Pacific region shows significant growth potential. Latin America and the Middle East and Africa regions also offer growth opportunities, driven by digitalization efforts and cybersecurity initiatives
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FIDO Authentication Market Segmentation:
By Deployment:
• On-Premise Deployment
• Cloud-Based Deployment
By Organization Size:
• Small And Medium-Sized Businesses (SMEs)
• Large Enterprises
By Vertical:
• Banking And Finance
• Healthcare
• Government And Defense
• E-Commerce
• IT And Telecommunications
By Authentication Type:
• Password-less Authentication
• Biometric Authentication
• Hardware Token-Based Authentication
FIDO Authentication Market Key Competitors include:
• Google (United States)
• Microsoft Corporation (United States)
• Amazon Web Services (United States)
• Yubico (United States)
• Duo Security (United States)
• Gemalto (Netherlands)
• HID Global Corporation (Ireland)
• Thales Group (France)
• Idemia (France)
• Ubisecure (Finland)
• NEC Corporation (Japan)
• Fujitsu Limited (Japan)
• Samsung Electronics (South Korea)
• Tencent Holdings Limited (China)
• Ant Financial Services Group (China)
• Softex (Brazil)
• Neurotech (Brazil)
• Token One (Argentina)
• Tivit (Brazil)
• Vodacom Group Limited (South Africa)
• EOH Holdings (South Africa)
• Touché (United Arab Emirates)
• Digital Factors (United Arab Emirates)
• Mobikey (South Africa)
Table of Content for FIDO Authentication Market
1. Global FIDO Authentication Market: Research Methodology
2. Global FIDO Authentication Market: Executive Summary
• Market Overview and Definitions
• Introduction to Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global FIDO Authentication Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global FIDO Authentication Market Segmentation
• Global Market, by Deployment (2021-2029)
• Global Market, by Organization Size (2021-2029)
• Global Market, by Vertical (2021-2029)
• Global Market, by Authentication Type (2021-2029)
5. Regional FIDO Authentication Market (2021-2029)
• Regional Market, by Deployment (2021-2029)
• Regional Market, by Organization Size (2021-2029)
• Regional Market, by Vertical (2021-2029)
• Regional Market, by Authentication Type (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Deployment, Organization Size, Vertical and Authentication Type
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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