According to the report by Expert Market Research (EMR), the global FIDO authentication market is projected to grow at a CAGR of 15.8% between 2024 and 2032. Aided by the proliferation of smart personal devices and issues related to cybersecurity, the market is expected to grow significantly by 2032.
FIDO authentication is a set of technology standards designed to enhance the security of online authentication methods. It enables users to securely access online services using various biometric and cryptographic techniques, reducing reliance on passwords. The growing recognition of FIDO authentication as a robust solution for preventing cyber threats such as phishing and data breaches is a key driver of market growth.
Get a Free Sample Report with Table of Contents:
https://www.expertmarketresearch.com/reports/fido-authentication-market/requestsample
The increasing adoption of mobile devices and the surge in digital transactions have heightened the need for secure authentication methods. FIDO authentication offers a convenient and secure way for users to authenticate their identity using biometric data, such as fingerprints, facial recognition, or hardware security keys. This has led to its widespread adoption across various industries, including finance, healthcare, and government sectors. This is expected to drive the global FIDO authentication market growth.
The market is further fuelled by the integration of FIDO authentication into popular operating systems and web browsers, making it more accessible to users and developers. The collaboration between tech giants and FIDO Alliance members to promote and standardise FIDO authentication is also contributing to market expansion.
Moreover, regulatory compliance requirements, such as the General Data Protection Regulation (GDPR) and the Payment Services Directive (PSD2) in Europe, are encouraging organisations to adopt secure authentication solutions like FIDO to protect consumer data and ensure secure online transactions. This is expected to lead to the FIDO authentication market growth.
Read Full Report with Table of Contents:
https://www.expertmarketresearch.com/reports/fido-authentication-market
One of the key trends in the FIDO authentication market is the increasing use of biometric authentication methods. With advancements in biometric technology, such as fingerprint sensors and facial recognition, FIDO authentication is becoming more convenient and secure. This trend is expected to continue as biometric sensors become more affordable and widely available.
The integration of FIDO authentication into Internet of things (IoT) devices is another significant opportunity for the market growth. As the number of connected devices continues to rise, securing these devices and their interactions becomes crucial. FIDO authentication can provide a robust solution for securing IoT ecosystems and ensuring the safety of data and transactions. This is expected to accelerate the FIDO authentication market expansion.
The adoption of password less authentication is also gaining momentum, driven by the need for improved user experience and enhanced security. FIDO authentication plays a vital role in enabling password less login, offering a seamless and secure authentication experience for users. This is one of the key FIDO authentication market trends.
The Asia Pacific is expected to witness significant growth in the FIDO authentication market, driven by the rapid digitisation of services and the increasing awareness of cybersecurity in countries like China, Japan, and South Korea. North America and Europe are also major contributors to the market growth, with a strong focus on enhancing cybersecurity infrastructure and adopting advanced authentication technologies.
Strategic collaborations between FIDO Alliance members and technology providers are also shaping the competitive landscape. These partnerships aim to integrate FIDO authentication into a wider range of devices and platforms, making it more accessible to users and organisations. Additionally, the entry of new players and the emergence of innovative start-ups are expected to further intensify competition in the market.
In conclusion, the global FIDO authentication market is poised for substantial growth in the coming years, driven by the increasing demand for secure and user-friendly authentication solutions. As cybersecurity threats continue to evolve, FIDO authentication is expected to play a crucial role in safeguarding digital identities and ensuring secure online interactions.
Market Segmentation
The market can be divided based on component, deployment type, organisation size, authentication type, end use, and region.
Market Breakup by Component
- FIDO Authentication Devices
- FIDO Authentication SDKs
Market Breakup by Deployment Type
- Cloud Based
- On-premises
Market Breakup by Organisation Size
- Small and Medium Size Enterprises
- Large Size Enterprises
Market Breakup by Authentication Type
- Password Authentication
- Biometric Authentication
- Hardware Token-Based Authentication
- Others
Market Breakup by End Use
- Banking and Finance
- Healthcare
- Government and Defence
- E-Commerce
- IT and Telecommunications
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global FIDO authentication market. Some of the major players explored in the report by Expert Market Research are as follows:
- Yubico Inc.
- Assa Abloy
- Feitian Technologies Co., Ltd.
- Cisco Systems, Inc.
- One Span Inc.
- RSA Security LLC
- Nok Nok Labs, Inc.
- Aware, Inc.
- SurePassID, Corp.
- CyberArk Software Ltd.
- Others
Media Contact:
Company Name: Claight Corporation
Contact Person: Emily Jacks, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
