Fast Identity Online Market (FIDO) by Offerings (FIDO Authentication Devices, FIDO SDKs, Support Services), Protocols (FIDO2, Universal Authentication Framework (UAF), Universal Second Factor (U2F)), Deployment, Application, End-User - Global Forecast 2024-2030
The Fast Identity Online Market size was estimated at USD 18.54 billion in 2023 and expected to reach USD 21.07 billion in 2024, at a CAGR 15.23% to reach USD 50.02 billion by 2030.
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.
Regional InsightsThe 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.
FPNV Positioning MatrixThe FPNV Positioning Matrix is pivotal in evaluating the Fast Identity Online Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share AnalysisThe Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Fast Identity Online Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company ProfilesThe 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.
Market Segmentation & CoverageThis research report categorizes the Fast Identity Online Market to forecast the revenues and analyze trends in each of the following sub-markets:
Offerings
FIDO Authentication Devices
FIDO SDKs
Support Services
Protocols
FIDO2
CTAP1
CTAP2
WebAuthn
Universal Authentication Framework (UAF)
Universal Second Factor (U2F)
Deployment
On-Cloud
On-Premises
Application
Application Level Encryption
Database Encryption
Payment Processing
PKI / Credential Management
End-User
Banking & Financial Services
Energy & Utility
Government
Healthcare & Lifesciences
Industrial & Manufacturing
IT and Telecommunication
Retail & Consumer Products
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:1. What is the market size and forecast of the Fast Identity Online Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Fast Identity Online Market?
3. What are the technology trends and regulatory frameworks in the Fast Identity Online Market?
4. What is the market share of the leading vendors in the Fast Identity Online Market?
5. Which modes and strategic moves are suitable for entering the Fast Identity Online Market?PDF E-mail From Publisher (2-5)Users License