The fast identity online (fido) authentication global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Fast Identity Online (FIDO) Authentication Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The fast identity online (fido) authentication market size has grown exponentially in recent years. It will grow from $1.55 billion in 2023 to $1.93 billion in 2024 at a compound annual growth rate (CAGR) of 23.9%. The growth in the historic period can be attributed to password vulnerabilities, increasing cybersecurity threats, consumer demand for user-friendly security, push for biometric authentication, industry standards and alliances..
The fast identity online (fido) authentication market size is expected to see exponential growth in the next few years. It will grow to $4.56 billion in 2028 at a compound annual growth rate (CAGR) of 24.0%. The growth in the forecast period can be attributed to continued mobile device expansion, consumer demand for convenience and security, industry standards and interoperability, proliferation of iot devices, migration to cloud-based services.. Major trends in the forecast period include continued r&d in authentication technologies, embrace of multi-factor authentication (mfa), focus on privacy-enhancing technologies, expansion of fido authentication standards, adoption of webauthn standard..
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Scope Of Fast Identity Online (FIDO) Authentication Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Fast Identity Online (FIDO) Authentication Market Overview
Market Drivers –
The increase in cyber threats is expected to propel the growth of the fast identity online (FIDO) authentication market going forward. Cyber threats refer to potential dangers or risks posed by malicious activities to damage data with various activities and tactics targeting computer systems, networks, and digital information. FIDO authentication helps prevent cyber threats by eliminating passwords, providing strong authentication, and storing biometrics locally, with fast, secure logins powered by cryptographic credentials that never leave the user’s device. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based government agency, 76,000 cybercrime reports were recorded between July 2021 and June 2022, which is an increase of nearly 13% from the previous financial year. Therefore, the increase in cyber threats is driving the growth of the FIDO authentication market.
Market Trends –
Major companies operating in the fast identity online (FIDO) authentication market are focusing on developing innovative technologies, such as cloud-based authentication solutions, to provide a reliable service to customers. A cloud-based authentication solution is a system that uses a cloud-based infrastructure to authenticate users. For instance, in March 2022, AuthenTrend Technology Inc., a Taiwan-based fingerprint-enabled authenticator company, launched AT.AuthFi for FIDO authentication. AT.AuthFi provides improved security, resistance to phishing attacks, and user convenience. It supports password-less login and two-factor authentication and offers a monthly billing cycle for usage. It is a fully manageable FIDO cloud server API and administration dashboard provided by AT.AuthFi gives administrators a more straightforward and explicit one-stop solution for FIDO integration, in addition to assisting employees, clients, or members of an organization to log in securely and conveniently without passwords on the browser.
The fast identity online (fido) authentication market covered in this report is segmented –
1) By Authentication Type: Password Authentication, Biometric Authentication, Hardware Token-Based Authentication, Other Authentication Types
2) By Component: Fast Identity Online (FIDO) Authentication Devices, Fast Identity Online (FIDO) Authentication Software Development Kits (SDKs)
3) By Deployment Type: Cloud Based, On-Premises
4) By Organization Size: Small And Medium Size Enterprises, Large Size Enterprises
5) By End User: Banking And Finance, Healthcare, Government And Defense, E-Commerce, Information Technology And Telecommunications, Other End Users
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Regional Insights –
North America was the largest region in the Fast identity online (FIDO) authentication market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fast identity online (fido) authentication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the fast identity online (fido) authentication market report are Google LLC, Microsoft Corporation, Amazon Web Services Inc., Deloitte Touche Tohmatsu Limited, Cisco Systems Inc., Advanced Card Systems Ltd., NEC Corporation, Vodacom Group Limited, EOH Holdings, IDEMIA, Gentex Corporation, HID Global Corporation, RSA Security LLC, ELAN Microelectronics Corporation, OneSpan, Yubico Inc., Feitian Technologies Co. Ltd., Axell Corporation, Duo Security Inc. , Daon Inc., Entrust Datacard Corporation, Aware Inc., Azimuth Labs Pte Ltd., Bit4id s.r.l., BIO-key International Inc., HYPR Corp., Merchant logo Ensurity Technologies Private Limited, Nok Nok Labs Inc., ByStamp, Accura Scan SDK
Table of Contents
1. Executive Summary
2. Fast Identity Online (FIDO) Authentication Market Report Structure
3. Fast Identity Online (FIDO) Authentication Market Trends And Strategies
4. Fast Identity Online (FIDO) Authentication Market – Macro Economic Scenario
5. Fast Identity Online (FIDO) Authentication Market Size And Growth
…..
27. Fast Identity Online (FIDO) Authentication Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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