Fast Identity Online (FIDO) Authentication Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Fast Identity Online (FIDO) Authentication Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Fast Identity Online (FIDO) Authentication Market Size During the Forecast Period?
In recent years, we have seen a significant surge in the market size of fast identity online (FIDO) authentication. This market is projected to expand from a valuation of $1.93 billion in 2024 to $2.39 billion in 2025, with a compound annual growth rate (CAGR) of 23.8%. The factors that contributed to this substantial increase in the past include password weaknesses, the rise in cybersecurity threats, the push from consumers for simple yet robust security, adoption of biometric authentication, and the establishment of industry standards and alliances.

The market size for fast identity online (FIDO) authentication is poised for a significant escalation in the coming years. It's projected to surge to $5.72 billion by 2029 with a compound annual growth rate (CAGR) of 24.4%. This predicted expansion during the forecast period is due to a rise in mobile device usage, the consumers' emphasis on convenience and security, adherence to industrial standards and interoperability, the spread of IoT gadgets, and the shift towards cloud-services. The key trends likely to shape this market, during the forecast period, are ongoing research & development in authentication technologies, the adoption of multi-factor authentication (MFA), the stress on technologies that enhance privacy, the spread of FIDO authentication norms, and the acceptance of the webauthn standard.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13269

What Are the High-Growth Segments in the Fast Identity Online (FIDO) Authentication Market?
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)

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13269&type=smp

What Key Drivers Are Expected to Influence Future Fast Identity Online (FIDO) Authentication Market Growth?
The surge in cyber threats is believed to be a major catalyst for the advancement of the fast identity online (FIDO) authentication market. Cyber threats pertain to the possible harm or risks brought about by harmful activities aiming to compromise data by strategizing various activities on computer systems, networks, and virtual information. FIDO authentication is a deterrent to cyber threats, removing the need for passwords and presenting solid authentication, keeping biometrics secure locally while enabling fast and secure sign-ins via cryptographically based credentials that are kept on the user's device. For example, in November 2023, the 2023 ASD Cyber Threat Report issued by the Australian Signals Directorate, an Australian federal agency, revealed that ReportCyber received almost 94,000 cybercrime reports during the 2022-23 fiscal year, signifying a 23% increment compared with the 2021-22 fiscal year. Hence, the surge in cyber threats is contributing to the expansion of the FIDO authentication market. Fast Identity Online (FIDO) Authentication Market Driver: The Surge in the Utilization of Web and Mobile Applications Boosts the Fast Identity Online (FIDO) Authentication Market

Which Companies Hold the Largest Share Across Different Fast Identity Online (FIDO) Authentication Market Segments?
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

What Trends Are Driving Growth in The Fast Identity Online (FIDO) Authentication Market?
Leading enterprises in the FIDO authentication market are focusing on advancements such as cloud-based authentication solutions to offer dependable services to customers. A system utilizing cloud infrastructure for authenticating users is what this solution is all about. For example, in March 2022, a fingerprint-enabled authentication firm from Taiwan, AuthenTrend Technology Inc., introduced AT.AuthFi for FIDO authentication services. AT.AuthFi elevates security, mitigates risks of phishing assaults, and ensures user convenience. It supports password-free login and two-factor authentication, with a monthly billing cycle for services. It's a fully controllable FIDO cloud server API, and AT.AuthFi offers an administration dashboard, presenting administrators with a more simplified and unambiguous one-stop solution for FIDO integration. This solution helps employees, clients, or organizational members log in securely and conveniently without passwords on their browsers.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/fast-identity-online-fido-authentication-global-market-report

What Are the Emerging Geographies for The Fast Identity Online (FIDO) Authentication Market Growth?
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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fast Identity Online (FIDO) Authentication Market?
2. What is the CAGR expected in the Fast Identity Online (FIDO) Authentication Market?
3. What Are the Key Innovations Transforming the Fast Identity Online (FIDO) Authentication Industry?
4. Which Region Is Leading the Fast Identity Online (FIDO) Authentication Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.