About FIDO Authentication
FIDO ("Fast IDentity Online") authentication is a collection of security criteria for strong authentication that are technology agnostic. Public key cryptography and multifactor authentication are two of the main features of the FIDO requirements (MFA). To secure personal identity information, FIDO authentication stores it locally on the user's computer. FIDO Authentication used by businesses to meet the need for safe applications without sacrificing user comfort. Organizations can remove weak links in the authentication chain, such as conventional passwords, by using FIDO authentication solutions and services, and provide improved protection and customer experience through passwordless authentication.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
FIDO Authentication Market comprises of a high degree of competition, well-established players have an edge over the new entrants in terms of customer base & better serviceability & players are the concentrated majority in North America particularly in the United States. Currently, key players are in the industry are looking to enhance their existing range of products by implementing advanced technologies and at the same time deliver the quality of the systems. Significant mergers & acquisitions have happened in recent years thus indicating the growth potential in the Market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global FIDO Authentication market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aware, Inc. (United States), OneSpan (United States), HYPR Group (United States), Yubico (United States), Daon (United States), RSA Security LLC (United States), Thales Security (United Kingdom), Cotech (United Kingdom) and FIDO Authentication are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Egis Technology Ltd. (Taiwan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global FIDO Authentication market by , Application (Payment Processing, PKI/Credential Management and Others) and Region.
On the basis of geography, the market of FIDO Authentication has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the FIDO Authentication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. FIDO Authentication Devices will boost the FIDO Authentication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Implementation Of AI
Market Growth Drivers:
Growing Adoption of Mobile and Web Applications and Rising Need for Advanced Security Solutions which Helps in Reducing Endpoint Attack Exposure
Challenges:
Lack of Awareness
Restraints:
Rising Concerns over Data Theft and Data Privacy
Opportunities:
Rising Adoption of Advanced Security Solutions among the Enterprises and Increasing Data Vulnerability against Deployment of New Applications
Market Leaders and their expansionary development strategies
In November 2021, Sift, the leader in Digital Trust & Safety, announced that it has acquired Keyless, a pioneer in passwordless and multi-factor authentication.
In September 2020, Crayonic partnered with the FIDO alliance to become an Associate Member of the FIDO (Fast IDentity Online) Alliance. The collaboration helps the company to boost account security and protect data.
Key Target Audience
FIDO Authentication Solution Providers, Authentication Services Providers, Professional Services Providers, Managed Services Providers, System Integrators, Cloud Services Providers, Government Organizations, Resellers and Distributors, Investors and Venture Capitalists and Research Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.