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
Voice And Facial Recognition
Trusted Platform Modules (TPM)
USB Security Tokens
Embedded Secure Elements (ESE)
Near Field Communication (NFC)
FIDO Authentication SDKs
FIDO Client SDK
FIDO Server SDK
Integration & Deployment
FIDO Certification Services
By End Use Industries
Non-Banking Financial Companies
Healthcare & Life Sciences
IT & Telecom
Retail & CPG
Government & Defense
Energy & Utilities
FIDO Authentication Market Key Players
Some of the key participating players in global FIDO authentication market are:
Cardcontact Systems GmbH
Huawei Device Co., Ltd.
RSA Security LLC
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
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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The FIDO authentication market is estimated to reach at a value of US$ *** Mn by the end of 2022 and expected to reach at a value of US$ *** Mn by 2030 with a significant CAGR of ***%.
The base year for the report is 2021 in FIDO authentication market.
The global FIDO authentication market is segmented on the basis of offering, application, end user industries, and region.
some of the key participating players in the FIDO Authentication market globally 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, among others.