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FIDO Authentication Market Overview

The report is titled as ‘FIDO Authentication Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the FIDO Authentication market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. FIDO Authentication market is expected to grow with significant rate in the near future.

In 2020, global FIDO authentication market was valued at US$ XXX Mn and expected to grow significantly at a CAGR of XXX % over the forecast period

FIDO Authentication Introduction

Passwords are fading away and for the right cause: passwords have become the weak link of every organization but even so, several companies all around the world still depend on them from an operational and security outlook. Having said that, taking into account 90% of mishappenings and security breaches composed of a phishing element, passwordless and multi-factor authentication is not any more an alternative — it’s a necessity. FIDO (Fast ID Online) can be understood as a set of technology-agnostic security details for solid verification. FIDO is formulated by the FIDO Alliance, which is a non-profit organization that has been making efforts to bring into line the authentication at the client and protocol levels.

Moreover, FIDO stipulations further promote multi factor authentication (MFA) and general key cryptography. In contrast with password databases, FIDO stocks personally identifying information (PII), for instance biometric authentication data, restrictedly on the user's device in order to secure it. FIDO's internal storage of biometrics and other personal credentials are meant to relieve user concerns regarding the personal data cached on an outreach server in the cloud.

Furthermore, by compressing the protocol execution with application programming interfaces (APIs), FIDO further lessens the work needed for developers to cultivate secure logins for mobile clients operating various operating systems (OSes) on various kinds of hardware. Attributing to all the said factors, several companies, worldwide, are preferring to shift from passwords to strong authentication with FIDO, which is projected to offer significant growth to the global FIDO authentication market in the coming years.

Reports & Insights Overview

The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the FIDO authentication market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market. Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

FIDO Authentication Market Segmentation

The global FIDO authentication market is segmented on the basis of offering, application, end user industries, and region

By Offering

Authentication Devices

Biometrics

Fingerprint

Voice And Facial Recognition

Iris Scanner

Trusted Platform Modules (TPM)

USB Security Tokens

Embedded Secure Elements (ESE)

Smart Cards

Near Field Communication (NFC)

FIDO Authentication SDKs

FIDO Client SDK

FIDO Server SDK

Services

Technology Consulting

Integration & Deployment

FIDO Certification Services

Support Services

By Application

Payment Processing

PKI/Credential Management

Document Signing

User Authentication

Others

By End Use Industries

               BFSI

Commercial Banks

Insurance Companies

Non-Banking Financial Companies

Cooperatives

Others

Healthcare & Life Sciences

IT & Telecom

Retail & CPG

Government & Defense

Energy & Utilities

Others

By Region

North America

Latin America

Asia Pacific

Europe

Middle East

Africa

FIDO Authentication Market Key Players

Some of the key participating players in global FIDO authentication market are:

Aware, Inc.

Thales Security

Cardcontact Systems GmbH

Daon

Futurex

Huawei Device Co., Ltd.

HYPR Group

LoginID

Movenda

OneSpan

RSA Security LLC

Swift

Ultra Electronics

Utimaco GmbH

Yubico

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of FIDO Authentication

Advantages of FIDO Authentication

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.

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