FIDO Authentication Market : A View of the Industry's Advancements and Opportunities
The FIDO Authentication Market size was USD 1.3 billion in 2022 and is expected to Reach USD 6.72 billion by 2030 and grow at a CAGR of 22.8 % over the forecast period of 2023-2030.
The FIDO authentication market?is witnessing rapid growth driven by the increasing need for secure and convenient authentication solutions across various industries. FIDO (Fast Identity Online) offers a set of specifications for stronger authentication, aiming to replace traditional password-based authentication methods with more secure alternatives.
One unique aspect of the FIDO authentication market is its emphasis on biometric authentication and hardware-based security keys. Biometric authentication, such as fingerprint or facial recognition, provides a high level of security while ensuring user convenience. Hardware-based security keys add an extra layer of protection by requiring physical access to the key for authentication, making them resistant to phishing and other cyber threats.
Moreover, the FIDO authentication market is characterized by its interoperability, allowing users to choose from a wide range of FIDO-certified devices and platforms. This interoperability ensures that users can seamlessly authenticate across different services and devices, enhancing user experience and security..
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Covid 19 impact analysis:
The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies. The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
Major companies profiled in the market report include
??OneSpan, Aware, Inc., Nok Nok Labs, Inc., Century Longmai Technology Co., Ltd., Daon, Movenda, Thales Security, RSA Security LLC, International Systems Research Co., Yubico, and other players.?
Research objectives:
The latest research report serves as a perfect example of the precise analysis of the global FIDO authentication?market. It includes the ToC, list of tables and figures, research methodology, geographic segmentation, competitive landscape, future developments, and technological innovation. Moreover, the report offers the latest coverage of the massive impact of the COVID-19 pandemic on the worldwide FIDO authentication?industry. The globally-disrupting incidence has impacted nearly every aspect of this business domain. However, the latest study expounds on the present market scenario and forecasts the pandemic’s aftermath, with respect to this industry. Furthermore, the major aspects of the market have been discussed in the report, with expert opinions on the current status of the market.
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It?has segmented the global?FIDO authentication?market
By Component
l FIDO Authentication Devices
l FIDO Authentication SDKs
l FIDO Client SDK
l FIDO Server SDK
Services
l Technology Consulting
l Integration & Deployment
l FIDO Certification Services
l Support Services
By Application
l Payment Processing
l PKI/Credential Management
l Document Signing
l User Authentication
l Others
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By Industry Vertical
l BFSI
l Healthcare & Life Sciences
l IT & Telecom
l Retail & CPG
l Government & Defense
l Energy & Utilities
l Others
Regional Outlook:
The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the FIDO authentication?market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
?Key Objectives of the Global FIDO authentication?Market Report:
l Extensive coverage of the analysis of the FIDO authentication?market
l Key insights into the regional spread of the industry in key geographies
l Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
l Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the FIDO authentication?market
l Complete data about the key manufacturers and vendors in the FIDO authentication?market
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