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Global FIDO Authentication Market Size, Share, Growth, Forecast: By Component: FIDO Authentication Devices, FIDO Authentication SDKs; By Deployment Type: Cloud Based, On-premises; By Organisation Size: Small and Medium Size Enterprises, Others; By Authentication Type; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

Global FIDO Authentication Market Outlook

The global FIDO authentication market is projected to grow at a CAGR of 15.8% between 2024 and 2032.

Key Trends in the Market

FIDO authentication refers to a standardised authentication protocol which is designed to protect user privacy without any password system. The database of FIDO stores personally identifiable information, such as biometric data, to strengthen the user’s security.

The increasing application of FIDO authentication in the healthcare sector to protect patient data and prevent hospital systems from getting attacked is driving the FIDO authentication market growth.

A swift transition from traditional password-based security systems towards FIDO authentication to raise the security standards and enhance the convenience of end-users is further heightening the adoption of cloud-based FIDO authentication software.

The surging focus to reduce reliance on passwords, rising concerns regarding the high costs of passwords among service providers, and the increasing incidences of phishable authentication and password breaches are expected to drive the demand for FIDO authentication solutions in the coming years.

Market Analysis

Based on component, the FIDO authentication market segmentations include FIDO authentication devices and FIDO authentication SDKs. On the basis of deployment type, the market is classified into cloud based and on-premises. By organisation size, the market is divided into small and medium size enterprises and large size enterprises. Based on authentication type, the market is categorised into password authentication, biometric authentication, and hardware token-based authentication, among others.

By end use, the market is segmented into banking and finance, healthcare, government and defence, e-commerce, and IT and telecommunications, among others. The major regional markets for FIDO authentication include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global FIDO authentication market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

Yubico Inc.

Assa Abloy

Feitian Technologies Co., Ltd.

Cisco Systems, Inc.

One Span Inc.

RSA Security LLC

Nok Nok Labs, Inc.

Aware, Inc.

SurePassID, Corp.

CyberArk Software Ltd.

Others

FIDO Authentication Market Share by Authentication Type

Biometric authentication accounts for a significant share of the market for FIDO authentication. This can be attributed to the faster authentication, higher convenience, greater accuracy and flexibility, better scalability, and enhanced access control, among other advantages offered by this system.

In addition, FIDO biometric authentication enhances the security standards of businesses using physical traits, which is fuelling the segment’s growth.

Market Share by Region

North America holds a significant share of the FIDO Authentication market. The increasing prevalence of data breaches and identity theft, among other cybercrimes, is driving the market growth in the region.

A strong foothold of FIDO authentication vendors and software development companies across well-established economies, like the United States and Canada, is leading to progressive innovations in the field of FIDO authentication.

Competitive Landscape

Yubico Inc. is a company which offers services related to authentication, computer login, software development, and cloud-based security solutions. It was founded in 2007 and is headquartered in California, the United States.

Assa Abloy is a conglomerate which offers products and services related to locks, doors, gates, and entrance automation, among others. The company was founded in 1994 and is headquartered in Stockholm, Sweden.

Feitian Technologies Co., Ltd. is a leading global provider of cyber security solutions and products, such as FIDO and smartcard authentication. It was established in 1998 and is headquartered in Beijing, China.

Other market players include Cisco Systems, Inc., One Span Inc., RSA Security LLC, Nok Nok Labs, Inc., Aware, Inc., SurePassID, Corp., and CyberArk Software Ltd., among others.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Component Deployment Type Organisation Size Authentication Type End Use Region
Breakup by Component	FIDO Authentication Devices FIDO Authentication SDKs
Breakup by Deployment Type	Cloud Based On-premises
Breakup by Organisation Size	Small and Medium Size Enterprises Large Size Enterprises
Breakup by Authentication Type	Password Authentication Biometric Authentication Hardware Token-Based Authentication Others
Breakup by End Use	Banking and Finance Healthcare Government and Defence E-Commerce IT and Telecommunications Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Yubico Inc. Assa Abloy Feitian Technologies Co., Ltd. Cisco Systems, Inc. One Span Inc. RSA Security LLC Nok Nok Labs, Inc. Aware, Inc. SurePassID, Corp. CyberArk Software Ltd. Others

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global FIDO Authentication Market Analysis
   8.1   Key Industry Highlights
   8.2   Global FIDO Authentication Historical Market (2018-2023)
   8.3   Global FIDO Authentication Market Forecast (2024-2032)
   8.4   Global FIDO Authentication Market by Component
       8.4.1   FIDO Authentication Devices
           8.4.1.1   Historical Trend (2018-2023)
           8.4.1.2   Forecast Trend (2024-2032)
       8.4.2   FIDO Authentication SDKs
           8.4.2.1   Historical Trend (2018-2023)
           8.4.2.2   Forecast Trend (2024-2032)
   8.5   Global FIDO Authentication Market by Deployment Type
       8.5.1   Cloud Based
           8.5.1.1   Historical Trend (2018-2023)
           8.5.1.2   Forecast Trend (2024-2032)
       8.5.2   On-premises
           8.5.2.1   Historical Trend (2018-2023)
           8.5.2.2   Forecast Trend (2024-2032)
   8.6   Global FIDO Authentication Market by Organisation Size
       8.6.1   Small and Medium Size Enterprises
           8.6.1.1   Historical Trend (2018-2023)
           8.6.1.2   Forecast Trend (2024-2032)
       8.6.2   Large Size Enterprises
           8.6.2.1   Historical Trend (2018-2023)
           8.6.2.2   Forecast Trend (2024-2032)
   8.7   Global FIDO Authentication Market by Authentication Type
       8.7.1   Password Authentication
           8.7.1.1   Historical Trend (2018-2023)
           8.7.1.2   Forecast Trend (2024-2032)
       8.7.2   Biometric Authentication
           8.7.2.1   Historical Trend (2018-2023)
           8.7.2.2   Forecast Trend (2024-2032)
       8.7.3   Hardware Token-Based Authentication
           8.7.3.1   Historical Trend (2018-2023)
           8.7.3.2   Forecast Trend (2024-2032)
       8.7.4   Others
   8.8   Global FIDO Authentication Market by End Use
       8.8.1   Banking and Finance
           8.8.1.1   Historical Trend (2018-2023)
           8.8.1.2   Forecast Trend (2024-2032)
       8.8.2   Healthcare
           8.8.2.1   Historical Trend (2018-2023)
           8.8.2.2   Forecast Trend (2024-2032)
       8.8.3   Government and Defence
           8.8.3.1   Historical Trend (2018-2023)
           8.8.3.2   Forecast Trend (2024-2032)
       8.8.4   E-Commerce
           8.8.4.1   Historical Trend (2018-2023)
           8.8.4.2   Forecast Trend (2024-2032)
       8.8.5   IT and Telecommunications
           8.8.5.1   Historical Trend (2018-2023)
           8.8.5.2   Forecast Trend (2024-2032)
       8.8.6   Others
   8.9   Global FIDO Authentication Market by Region
       8.9.1   North America
           8.9.1.1   Historical Trend (2018-2023)
           8.9.1.2   Forecast Trend (2024-2032)
       8.9.2   Europe
           8.9.2.1   Historical Trend (2018-2023)
           8.9.2.2   Forecast Trend (2024-2032)
       8.9.3   Asia Pacific
           8.9.3.1   Historical Trend (2018-2023)
           8.9.3.2   Forecast Trend (2024-2032)
       8.9.4   Latin America
           8.9.4.1   Historical Trend (2018-2023)
           8.9.4.2   Forecast Trend (2024-2032)
       8.9.5   Middle East and Africa
           8.9.5.1   Historical Trend (2018-2023)
           8.9.5.2   Forecast Trend (2024-2032)
9   North America FIDO Authentication Market Analysis
   9.1   United States of America
       9.1.1   Historical Trend (2018-2023)
       9.1.2   Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1   Historical Trend (2018-2023)
       9.2.2   Forecast Trend (2024-2032)
10   Europe FIDO Authentication Market Analysis
   10.1   United Kingdom
       10.1.1   Historical Trend (2018-2023)
       10.1.2   Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1   Historical Trend (2018-2023)
       10.2.2   Forecast Trend (2024-2032)
   10.3   France
       10.3.1   Historical Trend (2018-2023)
       10.3.2   Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1   Historical Trend (2018-2023)
       10.4.2   Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific FIDO Authentication Market Analysis
   11.1   China
       11.1.1   Historical Trend (2018-2023)
       11.1.2   Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1   Historical Trend (2018-2023)
       11.2.2   Forecast Trend (2024-2032)
   11.3   India
       11.3.1   Historical Trend (2018-2023)
       11.3.2   Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1   Historical Trend (2018-2023)
       11.4.2   Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1   Historical Trend (2018-2023)
       11.5.2   Forecast Trend (2024-2032)
   11.6   Others
12   Latin America FIDO Authentication Market Analysis
   12.1   Brazil
       12.1.1   Historical Trend (2018-2023)
       12.1.2   Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1   Historical Trend (2018-2023)
       12.2.2   Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1   Historical Trend (2018-2023)
       12.3.2   Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa FIDO Authentication Market Analysis
   13.1   Saudi Arabia
       13.1.1   Historical Trend (2018-2023)
       13.1.2   Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1   Historical Trend (2018-2023)
       13.2.2   Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1   Historical Trend (2018-2023)
       13.3.2   Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1   Historical Trend (2018-2023)
       13.4.2   Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Value Chain Analysis
16   Competitive Landscape
   16.1   Market Structure
   16.2   Company Profiles
       16.2.1   Yubico Inc.
           16.2.1.1   Company Overview
           16.2.1.2   Product Portfolio
           16.2.1.3   Demographic Reach and Achievements
           16.2.1.4   Certifications
       16.2.2   Assa Abloy
           16.2.2.1   Company Overview
           16.2.2.2   Product Portfolio
           16.2.2.3   Demographic Reach and Achievements
           16.2.2.4   Certifications
       16.2.3   Feitian Technologies Co., Ltd.
           16.2.3.1   Company Overview
           16.2.3.2   Product Portfolio
           16.2.3.3   Demographic Reach and Achievements
           16.2.3.4   Certifications
       16.2.4   Cisco Systems, Inc.
           16.2.4.1   Company Overview
           16.2.4.2   Product Portfolio
           16.2.4.3   Demographic Reach and Achievements
           16.2.4.4   Certifications
       16.2.5   One Span Inc.
           16.2.5.1   Company Overview
           16.2.5.2   Product Portfolio
           16.2.5.3   Demographic Reach and Achievements
           16.2.5.4   Certifications
       16.2.6   RSA Security LLC
           16.2.6.1   Company Overview
           16.2.6.2   Product Portfolio
           16.2.6.3   Demographic Reach and Achievements
           16.2.6.4   Certifications
       16.2.7   Nok Nok Labs, Inc.
           16.2.7.1   Company Overview
           16.2.7.2   Product Portfolio
           16.2.7.3   Demographic Reach and Achievements
           16.2.7.4   Certifications
       16.2.8   Aware, Inc.
           16.2.8.1   Company Overview
           16.2.8.2   Product Portfolio
           16.2.8.3   Demographic Reach and Achievements
           16.2.8.4   Certifications
       16.2.9   SurePassID, Corp.
           16.2.9.1   Company Overview
           16.2.9.2   Product Portfolio
           16.2.9.3   Demographic Reach and Achievements
           16.2.9.4   Certifications
       16.2.10   CyberArk Software Ltd.
           16.2.10.1   Company Overview
           16.2.10.2   Product Portfolio
           16.2.10.3   Demographic Reach and Achievements
           16.2.10.4   Certifications
       16.2.11   Other
17   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global FIDO Authentication Market: Key Industry Highlights, 2018 and 2032
2.   Global FIDO Authentication Historical Market: Breakup by Component (USD Million), 2018-2023
3.   Global FIDO Authentication Market Forecast: Breakup by Component (USD Million), 2024-2032
4.   Global FIDO Authentication Historical Market: Breakup by Deployment Type (USD Million), 2018-2023
5.   Global FIDO Authentication Market Forecast: Breakup by Deployment Type (USD Million), 2024-2032
6.   Global FIDO Authentication Historical Market: Breakup by Organisation Size (USD Million), 2018-2023
7.   Global FIDO Authentication Market Forecast: Breakup by Organisation Size (USD Million), 2024-2032
8.   Global FIDO Authentication Historical Market: Breakup by Authentication Type (USD Million), 2018-2023
9.   Global FIDO Authentication Market Forecast: Breakup by Authentication Type (USD Million), 2024-2032
10.   Global FIDO Authentication Historical Market: Breakup by End Use (USD Million), 2018-2023
11.   Global FIDO Authentication Market Forecast: Breakup by End Use (USD Million), 2024-2032
12.   Global FIDO Authentication Historical Market: Breakup by Region (USD Million), 2018-2023
13.   Global FIDO Authentication Market Forecast: Breakup by Region (USD Million), 2024-2032
14.   North America FIDO Authentication Historical Market: Breakup by Country (USD Million), 2018-2023
15.   North America FIDO Authentication Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Europe FIDO Authentication Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Europe FIDO Authentication Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Asia Pacific FIDO Authentication Historical Market: Breakup by Country (USD Million), 2018-2023
19.   Asia Pacific FIDO Authentication Market Forecast: Breakup by Country (USD Million), 2024-2032
20.   Latin America FIDO Authentication Historical Market: Breakup by Country (USD Million), 2018-2023
21.   Latin America FIDO Authentication Market Forecast: Breakup by Country (USD Million), 2024-2032
22.   Middle East and Africa FIDO Authentication Historical Market: Breakup by Country (USD Million), 2018-2023
23.   Middle East and Africa FIDO Authentication Market Forecast: Breakup by Country (USD Million), 2024-2032
24.   Global FIDO Authentication Market Structure

Key Questions Answered in the Report

What is the growth rate of the FIDO authentication market?

The market is estimated to grow at a CAGR of 15.8% between 2024 and 2032.

What are the major market drivers?

The increasing application of FIDO authentication in the healthcare sector to protect patient data, the swift transition from traditional password-based security systems towards FIDO authentication to raise security standards, and the growing adoption of biometric authentication solutions are the major drivers of the market.

What are the key trends of the market?

The key trends in the market include the growing collaborations between leading software companies aimed towards developing advanced identity proofing and authentication solutions and the increasing concerns regarding data theft.

What does FIDO authentication stand for?

FIDO authentication stands for fast identity online authentication, which is developed by FIDO alliance, an organisation that provides free and open authentication to reduce the reliance on passwords.

What are the different components of FIDO authentication?

FIDO authentication devices and FIDO authentication SDKs are the different components of FIDO authentication.

What are the major deployment types of FIDO authentication?

Cloud based and on-premises are the major deployment types of FIDO authentication.

What are the various authentication types considered in the market report?

The various authentication types considered in the market report are password authentication, biometric authentication, and hardware token-based authentication, among others.

Who are the key market players, according to the report?

Yubico Inc., Assa Abloy, Feitian Technologies Co., Ltd., Cisco Systems, Inc., One Span Inc., RSA Security LLC, Nok Nok Labs, Inc., Aware, Inc., SurePassID, Corp., and CyberArk Software Ltd., among others, are the key FIDO authentication market players.

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