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The FIDO Authentication Market Size was USD 1.5 billion in 2023 and is expected to Reach USD 9.90 billion by 2032 and grow at a CAGR of 23.33% over the forecast period of 2024-2032.
The FIDO authentication market is witnessing significant growth due to escalating cybersecurity threats, including phishing, data breaches, and identity theft, compounded by the increasing sophistication of AI-driven cyberattacks. As businesses and consumers seek secure, passwordless authentication solutions to mitigate the vulnerabilities of traditional password systems, FIDO, particularly the FIDO2 standard, is gaining momentum. FIDO offers robust encryption, phishing-resistant features, and seamless user experiences, making it a preferred choice for organizations shifting toward Zero Trust Architecture (ZTA). According to the FIDO Alliance’s 2023 Online Authentication Barometer, over 50% of users are increasingly aware of the security risks associated with password-only systems, with AI-driven tools like FraudGPT amplifying these threats. While passwords remain dominant, with consumers manually entering them approximately 1,280 times annually, there is a notable shift towards biometrics, with 33% of financial services consumers opting for biometrics over passwords.
This preference for biometric authentication has grown by 5% compared to the previous year. Despite this shift, traditional password usage is still prevalent across various sectors, with 37% of consumers using passwords for work accounts and 25% for streaming services. However, poor authentication experiences are leading to frustration, with 59% of consumers abandoning online services and 43% canceling purchases in the past 60 days. Additionally, 70% of people have had to reset passwords in the last two months, underscoring the inconvenience of password dependence. As awareness of alternatives like passkeys grows, rising from 39% in 2022 to 52% in 2023, FIDO adoption is also expanding in key sectors such as finance, healthcare, and telecommunications. The market is expected to continue growing as companies prioritize stronger, passwordless authentication to secure sensitive data in response to the evolving landscape of digital security.
Drivers
Zero Trust Architecture Accelerates Demand for FIDO Authentication Solutions
The adoption of Zero Trust Architecture (ZTA) is emerging as a significant driver for the FIDO authentication market. ZTA’s "never trust, always verify" principle ensures continuous authentication and validation of users, devices, and applications, addressing vulnerabilities in traditional perimeter-based security models. U.S. federal agencies, guided by initiatives like Executive Order 14028 and OMB M-22-09, are leading the transition toward ZTA, which emphasizes robust Identity Credential and Access Management (ICAM) practices. These practices include continuous monitoring, role-based access controls, and adaptive authentication, all aligned with the strong cryptographic standards of FIDO protocols. The Federal Zero Trust Data Security Guide highlights the importance of FIDO’s passwordless solutions in mitigating risks like phishing and deepfakes, which are increasingly sophisticated due to synthetic identities. Efforts by agencies such as the Department of Defense to incorporate FIDO-enabled identity verification and secure data tagging underline its value in tactical cybersecurity. With the rise in cyberattacks and costly breaches, organizations across sectors—including enterprise and government-are prioritizing ZTA. This directly correlates with the growth of the FIDO authentication market, as FIDO’s technologies are integral to ZTA’s security frameworks.
Restraints
Overcoming Interoperability and Compatibility Barriers in FIDO Authentication for Widespread Adoption
Interoperability and compatibility challenges are significant constraints in the FIDO authentication market, hindering its broader adoption. Many organizations struggle to integrate FIDO standards with their existing legacy systems, platforms, and outdated infrastructures. One of the primary obstacles is the incompatibility of older hardware and software with newer FIDO protocols, such as FIDO2, WebAuthn, and CTAP. These challenges often require costly upgrades or replacements of security hardware like biometric readers, security keys, and compatible devices, which can be unaffordable for small and medium-sized enterprises (SMEs). The lack of standardized implementation practices further exacerbates the issue, as organizations often must invest in custom solutions to integrate FIDO with their existing workflows. FIDO's promise of enhanced security features like attestation is often limited by compatibility issues with e-commerce platforms and mobile operating systems that are not designed to support modern passwordless technologies. Integrating FIDO2 with existing web payment systems, which need to comply with WebAuthn and EMVCo standards, complicates deployment even further. The lack of interoperability solutions and fragmented ecosystems prevent global scalability and widespread adoption of FIDO technologies. To address these barriers, there is a need for greater cross-industry collaboration to improve compatibility and reduce the costs of integration. Overcoming these challenges is essential for unlocking the full potential of passwordless authentication and driving the future growth of the FIDO authentication market.
By Component
In 2023, the FIDO Authentication Devices segment dominated the FIDO authentication market, capturing around 51% of the revenue share. This growth is driven by the increasing demand for hardware-based security solutions across sectors like banking, healthcare, government, and enterprise IT. FIDO devices, including biometric readers, hardware tokens, and USB security keys, offer superior protection against cybersecurity threats like data breaches and identity theft. The rise of biometric technologies and regulatory compliance requirements, such as GDPR and PSD2, further bolster adoption. Additionally, the seamless user experience provided by FIDO devices, coupled with widespread support from tech giants like Google and Microsoft, ensures this segment's continued dominance and growth through 2032.
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By Application
In 2023, the Payment Processing application segment led the FIDO authentication market, accounting for approximately 55% of the revenue share. This dominance is driven by the rising demand for secure, user-friendly authentication in the expanding digital payment sector. As e-commerce, mobile banking, and digital wallets grow, securing transactions becomes essential. FIDO's password-less, multi-factor authentication provides robust security, reducing fraud and boosting consumer trust. Regulatory requirements like the EU’s PSD2 further promote FIDO's adoption, ensuring compliance with strong customer authentication standards. The rise of contactless and mobile payments, alongside the growing popularity of biometrics, has enhanced user experience and security. FIDO’s integration with platforms like Apple Pay and Google Pay has solidified its position in the payment ecosystem, ensuring continued growth.
In 2023, North America led the FIDO authentication market with a 43% revenue share, driven by its strong adoption of advanced cybersecurity technologies and a growing demand for secure solutions in sectors like finance, healthcare, government, and enterprise IT. The U.S. plays a key role, with a tech-savvy population, high mobile usage, and widespread e-commerce. Rising cyber threats, including data breaches and fraud, have increased the need for secure authentication, and FIDO’s password-less, multi-factor approach aligns with the region's focus on data privacy. North America's favorable regulations, such as GDPR and PIPEDA, along with major tech companies like Google, Microsoft, and Apple, have further accelerated FIDO adoption, particularly in finance, mobile payments, and cloud services.
In 2023, Asia-Pacific became the fastest-growing region in the FIDO authentication market, driven by rapid digital transformation, rising internet penetration, and increasing cybersecurity focus across markets like China, India, Japan, and Southeast Asia. The region's expanding e-commerce, mobile payments, and banking sectors are fueling demand for secure, password-less authentication solutions. Governments in countries like Japan and South Korea are implementing stringent data protection regulations, boosting FIDO adoption. Additionally, the widespread use of smartphones and mobile payments in China and India has further accelerated biometric authentication. With ongoing digital investments, Asia-Pacific is expected to maintain strong growth in the FIDO Authentication market.
Some of the major key players in FIDO Authentication Market with product
Yubico (YubiKey)
Auth0 (Identity Platform)
Okta (Okta Adaptive Authentication)
Gemalto (Thales) (SafeNet Trusted Access)
Microsoft (Windows Hello)
Google (Google Authenticator)
Apple (Apple Face ID, Touch ID)
Mastercard (ID Check Mobile)
Amazon Web Services (AWS) (AWS Cognito)
Ping Identity (PingOne)
SecureAuth (SecureAuth Identity Platform)
Ubisoft (Ubisoft Connect Authentication)
Duo Security (Duo Push)
(RSA SecurID)
BioConnect (BioConnect Authentication Platform)
Vasco Data Security (Digipass for FIDO)
OneLogin (OneLogin Adaptive Authentication)
Trustonic (Trustonic Secure User Authentication)
Deep Identity (Deep Identity Authentication Services)
HID Global (HID Approve, FIDO2 Authentication)
Bank of America
PayPal
Amazon
Microsoft
Apple
Facebook (Meta)
Alibaba
IBM
Salesforce
Uber
Netflix
Spotify
Intel
June 20, 2024, Yubico launches the Yubico Enrollment Suite for Microsoft users, designed to streamline the transition to passwordless, phishing-resistant authentication. The suite, including Yubico FIDO Pre-reg and YubiEnroll, integrates with Microsoft’s Entra ID to improve cyber resilience and support Zero Trust models by enabling multi-factor authentication.
Nov. 19, 2024, OneSpan integrates with Ping Identity to offer FIDO-enabled solutions for stronger, passwordless authentication. This collaboration eliminates the need for passwords and enhances security, with OneSpan now listed in Ping Identity’s Integration Directory, providing seamless solutions for enterprises focused on improving user experience while maintaining high security standards.
19 October 2024, RSA partners with Swissbit to launch the RSA iShield Key 2 series for enhanced security in the government and private sectors. Featuring FIDO2, PIV, HOTP support, and a FIPS 140-3 certified smart chip, the new hardware authenticator meets high-security standards and aligns with U.S. federal regulations, offering a robust solution for Zero Trust Architecture. The RSA iShield Key 2 series will be available by the end of 2024.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 1.5 Billion |
| Market Size by 2032 | USD 9.90 Billion |
| CAGR | CAGR of 23.33% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component(FIDO Authentication Devices, FIDO Authentication SDKs, Support Services), • By Application(Payment Processing, PKI / Credential Management, Database Encryption, Application Level Encryption, Others), • By Vertical(Banking & Financial Services, Government, Technology & Communication, Industrial & Manufacturing, Energy & Utility, Retail & Consumer Products, Healthcare & Lifesciences, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Key players in the FIDO authentication market include Yubico, Auth0, Okta, Gemalto (Thales), Microsoft, Google, Apple, Mastercard, Amazon Web Services (AWS), Ping Identity, SecureAuth, Ubisoft, Duo Security, RSA Security, BioConnect, Vasco Data Security, OneLogin, Trustonic, Deep Identity, and HID Global. |
| Key Drivers | • Zero Trust Architecture Accelerates Demand for FIDO Authentication Solutions |
| Restraints | • Overcoming Interoperability and Compatibility Barriers in FIDO Authentication for Widespread Adoption |
Ans. The Compound Annual Growth rate for FIDO Authentication Market over the forecast period is 23.33%.
Ans. USD 9.90 Billion is the projected size of the FIDO Authentication Market by 2032.
Ans. The FIDO Authentication market can be segmented based on applications, such as payment processing, enterprise security, and healthcare.
Ans. FIDO (Fast Identity Online) Authentication is a set of standards for password less authentication that aims to provide a safer user experience
Ans. The FIDO Authentication market can be segmented based on verticals, such as banking, financial services, and insurance (BFSI), healthcare, and government.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Technology Penetration
5.2 User and Transaction Data
5.3 Authentication Methods Breakdown
5.4 Consumer Behavior and Preferences
5.5 Security Breaches and Mitigation
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. FIDO Authentication Market Segmentation, by Component
7.1 Chapter Overview
7.2 FIDO Authentication Devices
7.2.1 FIDO Authentication Devices Market Trends Analysis (2020-2032)
7.2.2 FIDO Authentication Devices Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 FIDO Authentication SDKs
7.3.1 FIDO Authentication SDKs Market Trends Analysis (2020-2032)
7.3.2 FIDO Authentication SDKs Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Support Services
7.4.1 Support Services Market Trends Analysis (2020-2032)
7.4.2 Support Services Market Size Estimates and Forecasts to 2032 (USD Billion)
8. FIDO Authentication Market Segmentation, by Application
8.1 Chapter Overview
8.2 Payment Processing
8.2.1 Payment Processing Market Trends Analysis (2020-2032)
8.2.2 Payment Processing Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 PKI / Credential Management
8.3.1 PKI / Credential Management Market Trends Analysis (2020-2032)
8.3.2 PKI / Credential Management Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Database Encryption
8.4.1 Database Encryption Market Trends Analysis (2020-2032)
8.4.2 Database Encryption Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Application Level Encryption
8.5.1 Application Level Encryption Market Trends Analysis (2020-2032)
8.5.2 Application Level Encryption Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Others
8.6.1 Others Market Trends Analysis (2020-2032)
8.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. FIDO Authentication Market Segmentation, by Vertical
9.1 Chapter Overview
9.2 Banking & Financial Services
9.2.1 Banking & Financial Services Market Trends Analysis (2020-2032)
9.2.2 Banking & Financial Services Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Government
9.3.1 Government Market Trends Analysis (2020-2032)
9.3.2 Government Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Technology & Communication
9.4.1 Technology & Communication Market Trends Analysis (2020-2032)
9.4.2 Technology & Communication Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Industrial & Manufacturing
9.5.1 Industrial & Manufacturing Market Trends Analysis (2020-2032)
9.5.2 Industrial & Manufacturing Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Energy & Utility
9.6.1 Energy & Utility Market Trends Analysis (2020-2032)
9.6.2 Energy & Utility Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7Retail & Consumer Products
9.7.1Retail & Consumer Products Market Trends Analysis (2020-2032)
9.7.2Retail & Consumer Products Market Size Estimates and Forecasts to 2032 (USD Billion)
9.8 Healthcare & Lifesciences
9.8.1 Healthcare & Lifesciences Market Trends Analysis (2020-2032)
9.8.2 Healthcare & Lifesciences Market Size Estimates and Forecasts to 2032 (USD Billion)
9.9 Others
9.9.1 Others Market Trends Analysis (2020-2032)
9.9.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America FIDO Authentication Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.2.4 North America FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.5 North America FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.2.6.2 USA FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.6.3 USA FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.2.7.2 Canada FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.7.3 Canada FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.2.8.2 Mexico FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.8.3 Mexico FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe FIDO Authentication Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.1.6.2 Poland FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.6.3 Poland FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.1.7.2 Romania FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.7.3 Romania FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.1.8.2 Hungary FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.8.3 Hungary FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.1.9.2 Turkey FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.9.3 Turkey FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe FIDO Authentication Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.4 Western Europe FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.5 Western Europe FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.6.2 Germany FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.6.3 Germany FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.7.2 France FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.7.3 France FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.8.2 UK FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.8.3 UK FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.9.2 Italy FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.9.3 Italy FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.10.2 Spain FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.10.3 Spain FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.13.2 Austria FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.13.3 Austria FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.4 Asia-Pacific
10.4.1 Trends Analysis
10.4.2 Asia-Pacific FIDO Authentication Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia-Pacific FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.4 Asia-Pacific FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.5 Asia-Pacific FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.6.2 China FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.6.3 China FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.7.2 India FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.7.3 India FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.8.2 Japan FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.8.3 Japan FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.9.2 South Korea FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.9.3 South Korea FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.10.2 Vietnam FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.10.3 Vietnam FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.11.2 Singapore FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.11.3 Singapore FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.12.2 Australia FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.12.3 Australia FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.4.13 Rest of Asia-Pacific
10.4.13.1 Rest of Asia-Pacific FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia-Pacific FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia-Pacific FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East FIDO Authentication Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.1.4 Middle East FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.5 Middle East FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.1.6.2 UAE FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.6.3 UAE FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.1.7.2 Egypt FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.7.3 Egypt FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.1.9.2 Qatar FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.9.3 Qatar FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa FIDO Authentication Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.2.4 Africa FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.5 Africa FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.2.6.2 South Africa FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.6.3 South Africa FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America FIDO Authentication Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.6.4 Latin America FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.5 Latin America FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.6.6.2 Brazil FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.6.3 Brazil FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.6.7.2 Argentina FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.7.3 Argentina FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.6.8.2 Colombia FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.8.3 Colombia FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America FIDO Authentication Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America FIDO Authentication Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America FIDO Authentication Market Estimates and Forecasts, by Vertical (2020-2032) (USD Billion)
11. Company Profiles
11.1 Yubico
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Auth0
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Okta
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Gemalto (Thales)
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Microsoft
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Google
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Apple
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Mastercard
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Amazon Web Services (AWS)
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Ping Identity
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
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This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
By Component
FIDO Authentication Devices
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 Industry Vertical
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Healthcare & Life Sciences
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Energy & Utilities
Others
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Rest of the Middle East
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With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
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Company Information
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