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Key Trend Reshaping the Fast Identity Online (FIDO) Authentication Market in 2025: Advancements In Cloud-Based Authentication Solutions In The Fido Authentication
Fast Identity Online FIDO Authentication Market
The upsurge in cyber threats is likely to fuel the expansion of the fast identity online (FIDO) authentication market in the future. These cyber threats encompass the potential dangers or vulnerabilities created by malicious activities that aim to harm data through different activities and strategies aimed at computer systems, networks, and digital information. FIDO authentication effectively counters cyber threats by doing away with passwords, offering robust authentication, and locally storing biometrics, all facilitated by fast, secure logins supported by cryptographic credentials, kept exclusively on the user's device. For instance, the 2023 ASD Cyber Threat Report by the Australian Signals Directorate, a federal agency based in Australia, revealed that ReportCyber received almost 94,000 cybercrime reports in the financial year 2022-23. This is a significant 23% increase when compared with the previous 2021-22 fiscal year. Accordingly, the rise in cyber threats is a driving force behind the growth of the FIDO authentication market. The escalating usage of web and mobile applications is predicted to boost the fast identity online (FIDO) authentication market's progress. Web applications are software programs that function in web browsers, while mobile applications are specifically designed for smartphones and tablets. Fast Identity Online (FIDO) authentication facilitates the wider adoption of web and mobile applications by offering secure, password-less entry points, thus improving user convenience and cybersecurity. For example, RipenApps Technologies, a software firm based in India, stated in August 2023 that global consumer expenditure on mobile applications touched $129 billion in 2022. There was also an increase in total mobile advertising, reaching $336 billion, marking a 13.8% growth compared to the preceding year. Consequently, the surge in the usage of web and mobile applications is contributing to the expansion of the fast identity online (FIDO) authentication market.
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What is the projected compound annual growth rate (CAGR) of the fast identity online (fido) authentication market from 2025 to 2034, and what factors influence it?
The rapid expansion of the fast identity online (FIDO) authentication market has been noteworthy in the past few years. The market size is projected to surge from $1.93 billion in 2024 to $2.39 billion in 2025, marking a compound annual growth rate (CAGR) of 23.8%. Factors such as password insecurities, heightened cybersecurity risks, public preference for simple security measures, the drive towards biometric authentication, and industry standards and partnerships have all contributed to the growth experienced in the historical period.
The market size of Fast Identity Online (FIDO) authentication is predicted to experience a substantial increase in the upcoming years, escalating to $5.72 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 24.4%. The growth projected in this period can be linked to factors like the ongoing expansion of mobile devices, increased consumer demand for safety and convenience, industry norms and compatibility, spreading of IoT devices, and transitioning to services centered on the cloud. Noteworthy trends expected during this forecast period encompass continuous research and development in authentication technology, the acceptance of multi-factor authentication, an emphasis on technologies that enhance privacy, broadening of FIDO authentication standards, and the adoption of the webauthn standard.
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What are the most significant trends transforming the fast identity online (fido) authentication market today?
Top firms in the fast identity online (FIDO) authentication market are striving to create cutting-edge technologies such as cloud-based authentication solutions to deliver trustworthy services to their clients. A cloud-based authentication solution utilizes a cloud infrastructure to verify users. For instance, AuthenTrend Technology Inc., a Taiwanese company specializing in fingerprint-enabled authentication, unveiled its AT.AuthFi for FIDO authentication in March 2022. AT.AuthFi enhances security, offers protection against phishing attacks, and ensures user-friendly interactions. It enables password-free login and two-factor authentication and introduces a monthly fee structure for its usage. As a fully operable FIDO cloud server API, AT.AuthFi presents an administration dashboard offering a more transparent and in-depth integrated solution for FIDO. Furthermore, it aids employees, customers, or organization members to log in in a secure and user-friendly manner without the need for passwords on the browser.
What are the major segments of the fast identity online (fido) authentication market and their role in driving growth?
The fast identity online (FIDO) authentication market covered in this report is segmented -
1) By Authentication Type: Password Authentication, Biometric Authentication, Hardware Token-Based Authentication, Other Authentication Types
2) By Component: Fast Identity Online (FIDO) Authentication Devices, Fast Identity Online (FIDO) Authentication Software Development Kits (SDKs)
3) By Deployment Type: Cloud Based, On-Premises
4) By Organization Size: Small And Medium Size Enterprises, Large Size Enterprises
5) By End User: Banking And Finance, Healthcare, Government And Defense, E-Commerce, Information Technology And Telecommunications, Other End Users
Subsegments:
1) By Password Authentication: Traditional Passwords, Passwordless Solutions
2) By Biometric Authentication: Fingerprint Recognition, Facial Recognition, Iris Recognition
3) By Hardware Token-Based Authentication: USB Tokens, Smart Cards
4) By Other Authentication Types: One-Time Passwords (OTPs), Behavioral Authentication, Multi-Factor Authentication (MFA)
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Which regions are key players in the growth of the fast identity online (fido) authentication market?
North America was the largest region in the Fast identity online (FIDO) authentication market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fast identity online (FIDO) authentication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the fast identity online (fido) authentication market?
Major companies operating in the fast identity online (FIDO) authentication market report are Google LLC, Microsoft Corporation, Amazon Web Services Inc., Deloitte Touche Tohmatsu Limited, Cisco Systems Inc., Advanced Card Systems Ltd., NEC Corporation, Vodacom Group Limited, EOH Holdings, IDEMIA, Gentex Corporation, HID Global Corporation, RSA Security LLC, ELAN Microelectronics Corporation, OneSpan, Yubico Inc., Feitian Technologies Co. Ltd., Axell Corporation, Duo Security Inc., Daon Inc., Entrust Datacard Corporation, Aware Inc., Azimuth Labs Pte Ltd., Bit4id s.r.l., BIO-key International Inc., HYPR Corp., Merchant logo Ensurity Technologies Private Limited, Nok Labs Inc., ByStamp, Accura Scan SDK
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What Is Covered In The Fast Identity Online (FIDO) Authentication Global Market Report?
• Market Size Forecast: Examine the fast identity online (fido) authentication market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the fast identity online (fido) authentication market for a structured understanding.
• Key Players Overview: Analyze major players in the fast identity online (fido) authentication market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the fast identity online (fido) authentication market.
• Segment Contributions: Evaluate how different segments drive overall growth in the fast identity online (fido) authentication market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the fast identity online (fido) authentication market.
• Industry Challenges: Identify potential risks and obstacles affecting the fast identity online (fido) authentication market.
• Competitive Landscape: Review strategic developments in the fast identity online (fido) authentication market, including expansions, agreements, and new product launches.
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