FIDO Authentication Market Covering Sales Outlook, Demand Forecast & Up-To-Date Key Trends Industry Growth And Forecast 2030

Reports and Insights freshly added a report titled “FIDO Authentication Market: Opportunity Analysis and Future Assessment 2023-2030” in its database of market research reports which offers its readers a detailed and profound analysis on the fresh growth opportunities, trends and growth drivers that are closely linked with the growth of the market. The report further provides crucial insights on the COVID-19 impacts on the “fido authentication market” along with the compound growth rate (CAGR) of the market for a forecasted period between 2023 and 2030. The report also comprises assessment of the market by employing various analytical tools, such as Porter's five forces analysis and PESTEL analysis. These tools also offer an in-depth analysis on the micro and macro-environmental factors that are related to the growth of the market over the projected period.

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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 mis happenings 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.

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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

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