FIDO Authentication Market Size & Share to Record New Values for the Forecast Period 2020-2030

Market Overview

Over the last several years, businesses all over the world have been attempting to satisfy consumer needs by leveraging the digitization of services, which has expanded the number and variety of devices that may access digital services, including smartphones, tablets, wearables, and IoT devices. As a result of the increase in gadgets, it is becoming increasingly necessary for organizations to defend themselves from escalating security risks in order to maintain business operations secure and efficient. Businesses may utilize FIDO Authentication to fulfil the requirement for secure applications without sacrificing user comfort. Organizations may eliminate weak links in the authentication chain, such as traditional passwords, by using FIDO authentication solutions and services, and deliver better security and customer experience through password less authentication. Endpoints and servers must conform with operating procedures, regulations, and security rules in today's resource-strapped IT departments. In addition, the market for FIDO Authentication is growing due to the increasing usage of digital solutions and technology.

FIDO Authentication Market: Key Players

• Aware, Inc.

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

• OneSpan
• HYPR Group 
• Yubico
• Daon
• RSA Security LLC
• Thales Security 
• Cotech
• Movenda.

Growth Factor

Growing Demand for mobile and web applications

The rising use of mobile and online apps, as well as the desire for sophisticated security solutions that assist reduce endpoint attack vulnerability, are driving up demand for FIDO Authentication solutions and services. Advanced authentication alternatives, such as biometrics and PIN factors, are being considered to replace traditional static and complicated passwords. Furthermore, FIDO authentication's numerous benefits, such as standardization, cost reduction, ease of use, and robust authentication, are driving the adoption of FIDO authentication solutions among organizations.

Segmentation

• By Component:
  • FIDO Authentication Devices
  • FIDO Authentication SDKs
• By Services
  • Technology Consulting
  • FIDO Certification Services
  • Support Services
• By Application:
  • Payment Processing
  • PKI/Credential Management
  • Others   
• By Vertical:
  • BFSI
  • Healthcare & Life Sciences
  • Government & Defense
  • Energy & Utilities
  • Others  
• FIDO Authentication Market Dynamics
• FIDO Authentication Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Recent News Related to Market

1. In September 2020, Crayonic collaborated with the FIDO alliance to become an Associate Member of the FIDO Alliance (Fast IDentity Online). The partnership aids the firm in improving account security and data protection.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

• COVID-19 pre and post business impact analysis
• Detailed overview of the parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• What is the FIDO Authentication Market growth?
• Which segment accounted for the largest FIDO Authentication Market share?
• Who are the key players in the FIDO Authentication Market?
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

Note: Although care has been taken to maintain the highest levels of accuracy in Fatpos Global’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.