FIDO Authentication Demand Rises As Use of Biometrics Are Becoming More Popular

New York, Global FIDO Authentication Market report from Global Insight Services is the single authoritative source of intelligence on FIDO Authentication Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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FIDO authentication is a type of two-factor authentication that uses a physical device, such as a USB drive, to verify your identity. When you plug the device into your computer, it will generate a one-time code that you will need to enter along with your username and password to log in. This code changes every time you use the device, so it is very difficult for someone to guess or brute force their way into your account.

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Key Trends

There are a few key trends in FIDO Authentication technology:

1. Increased Use of Biometrics: Biometrics are becoming increasingly popular as a form of authentication, as they are more secure and convenient than traditional methods such as passwords. FIDO Authentication standards support the use of biometrics, making it easier for organizations to implement them.

2. Increased Security: FIDO Authentication standards provide stronger security than traditional authentication methods. This is due to the fact that FIDO Authentication uses public-key cryptography, which is more difficult to break than other methods.

Key Drivers

There are several key drivers of the FIDO Authentication market.

Firstly, the increasing awareness of data breaches and cyber-attacks is driving organizations to adopt more secure authentication methods.

Secondly, the growing number of regulations mandating strong authentication is forcing organizations to look for solutions that can meet these requirements.

Market Segments
The FIDO Authentication Market is segmented based on solution, application, industry, and region. Based on solution, the market is bifurcated into fido u2f authentication devices, fido authentication SDKs, and services. Based on application, the market is categorized into payment processing, PKI/credential management, document signing, user authentication, and others. Based on industry, the market is bifurcated into BFSI, healthcare & life sciences, IT & telecom, retail & CPG, government & defense, energy & utilities, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players
The FIDO Authentication Market report includes players such as Aware, Inc., OneSpan, HYPR Corp., Yubico, Daon, Thales Group, RSA Security LLC, Movenda, Nok Nok Labs, Inc. and Bluink Ltd.

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