FIDO Authentication Market Size, Share Industry Analysis by Future Demand, Revenue and Growth Rate Through 2029
FIDO Authentication Market was valued at US$ 15.6 billion in 2022. It is projected to grow at a compound annual growth rate (CAGR) of 20.2% from 2023 to 2029, reaching a market value of nearly US$ 47.05 billion by 2029.
FIDO Authentication Market Overview:
The research "FIDO Authentication Market" seeks to provide up-to-date market intelligence and aid decision-makers in making sound investment decisions. It also offers a comprehensive analysis of the global FIDO Authentication Market by Product Type, End Users/Application, Key Manufacturers, and Several Key Regions.
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FIDO Authentication Market Scope:
The research focuses on the report's growth prospects, constraints, and market analyses. The research employs Porter's five forces analysis of the FIDO Authentication industry to assess the impact of several variables on FIDO Authentication market trends, including supplier bargaining power, competitor competitive intensity, the threat of alternatives, buyer power etc.
FIDO Authentication Market Dynamics:
Drivers of the FIDO Authentication Market
Growing Security Concerns: Conventional password-based authentication techniques are subject to security weaknesses, which has increased data breaches and identity theft occurrences. These incidents have brought to light the weaknesses in password-based systems, necessitating the adoption of better authentication protocols by enterprises. Passwords can be replaced with the public key cryptography-based FIDO Authentication system, which is much more secure and improves user data security.
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
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FIDO Authentication Market Key Players: The key players are
North America:
• Google (United States)
• Microsoft Corporation (United States)
• Amazon Web Services (United States)
• Yubico (United States)
• Duo Security (United States)
Europe:
• Gemalto (Netherlands)
• HID Global Corporation (Ireland)
• Thales Group (France)
• Idemia (France)
• Ubisecure (Finland)
Asia Pacific:
• NEC Corporation (Japan)
• Fujitsu Limited (Japan)
• Samsung Electronics (South Korea)
• Tencent Holdings Limited (China)
• Ant Financial Services Group (China)
South America:
• Softex (Brazil)
• Neurotech (Brazil)
• Token One (Argentina)
• Tivit (Brazil)
Middle East and Africa:
• Vodacom Group Limited (South Africa)
• EOH Holdings (South Africa)
• Touché (United Arab Emirates)
• Digital Factors (United Arab Emirates)
• Mobikey (South Africa)
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FIDO Authentication Market Regional Analysis:
Our analysts have also studied the global FIDO Authentication market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on FIDO Authentication Market: The detailed impact analysis of the COVID-19 pandemic on the global FIDO Authentication market has also been included in the report.
Key Questions Answered in the FIDO Authentication Market Report are:
- What will be the CAGR of the FIDO Authentication market during the forecast period (2023-2029)?
- Which segment emerged as the leading segment in the FIDO Authentication market in 2022?
- Which are the key players in the FIDO Authentication market?
- What key trends are likely to emerge in the FIDO Authentication market in the forecast period?
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