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Fast Identity Online Market worth $50.02 billion by 2030, growing at a CAGR of 15.23% - Exclusive Report by 360iResearch
Fast Identity Online Market | 360iResearch
The Global Fast Identity Online Market to grow from USD 18.54 billion in 2023 to USD 50.02 billion by 2030, at a CAGR of 15.23%.
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Fast Identity Online (FIDO) is an open-standards-based, multi-factor authentication technology designed to make authentication more secure and easier for end users. The FIDO protocol enables users to authenticate securely using a variety of factors such as biometrics, passwords, or security tokens. FIDO also reduces the risk of phishing attacks by eliminating the requirement for users to enter their passwords on unsecured websites. FIDO works across a broad range of mobile devices and cloud-based applications, providing users with secure access from any device or platform. Government organizations and private enterprises are adopting FIDO solutions to enable strong multi-factor authentication, reducing IT costs associated with managing passwords, providing a more user-friendly experience, increasing security by eliminating static passwords, and allowing for secure remote access. The high costs of product deployment and limitations associated with interoperability and user inconvenience hamper the adoption of FIDO solutions. However, the ongoing initiatives and investments toward digitalization and enhancing the strong authentication for various end-users are expected to create opportunities for the FIDO market in the near future.
The Americas represents a highly developing fast identity online market owing to the growing penetration of cloud-based and mobile applications, significant digitalization of the banking and financial sector, and ongoing investments by the regional market players to adopt FIDO solutions. The digital transformation initiatives and increasing penetration of FIDO solutions in government organizations and private enterprises across the EMEA region have promoted the demand for FIDO solutions in the region. Moreover, the Asia-Pacific region has enormous potential for the FIDO market due to the rising adoption of digitized payment platforms and advanced application authentication procedures. The elevating penetration of smartphones in the region with expanding use of two-factor and multi-factor authentication is expected to bolster the growth of the FIDO market in the coming years.
Market Segmentation & Coverage:
This research report categorizes the Fast Identity Online Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Offerings, market is studied across FIDO Authentication Devices, FIDO SDKs, and Support Services. The Support Services is projected to witness significant market share during forecast period.
Based on Protocols, market is studied across FIDO2, Universal Authentication Framework (UAF), and Universal Second Factor (U2F). The FIDO2 is further studied across CTAP1, CTAP2, and WebAuthn. The Universal Second Factor (U2F) is projected to witness significant market share during forecast period.
Based on Deployment, market is studied across On-Cloud and On-Premises. The On-Premises is projected to witness significant market share during forecast period.
Based on Application, market is studied across Application Level Encryption, Database Encryption, Payment Processing, and PKI / Credential Management. The PKI / Credential Management is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Banking & Financial Services, Energy & Utility, Government, Healthcare & Lifesciences, Industrial & Manufacturing, IT and Telecommunication, and Retail & Consumer Products. The Industrial & Manufacturing is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Fast Identity Online Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Fast Identity Online Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Fast Identity Online Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Amazon Web Services, Inc., aPersona, Inc., Apple Inc., Avatier Corporation, Broadcom Inc., Cisco Systems, Inc., Entrust Corporation, ForgeRock, Inc., Fujitsu Limited, Google LLC by Alphabet Inc., IDEMIA, Intel Corporation, Jumio, Microsoft Corporation, NEC Corporation, Okta, Inc., One Identity LLC, OneSpan Inc., Ping Identity, RSA Security LLC, Safran S.A., SecureAuth Corporation, Semperis Inc., Signicat, Thales Group, The International Business Machines Corporation, Transmit Security, TWILIO, INC., and Yubico AB.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Fast Identity Online Market, by Offerings
7. Fast Identity Online Market, by Protocols
8. Fast Identity Online Market, by Deployment
9. Fast Identity Online Market, by Application
10. Fast Identity Online Market, by End-User
11. Americas Fast Identity Online Market
12. Asia-Pacific Fast Identity Online Market
13. Europe, Middle East & Africa Fast Identity Online Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Fast Identity Online Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Fast Identity Online Market?
3. What is the competitive strategic window for opportunities in the Fast Identity Online Market?
4. What are the technology trends and regulatory frameworks in the Fast Identity Online Market?
5. What is the market share of the leading vendors in the Fast Identity Online Market?
6. What modes and strategic moves are considered suitable for entering the Fast Identity Online Market?
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