What is FIDO Authentication Market?
FIDO ("Fast IDentity Online") authentication is a collection of security criteria for strong authentication that are technology agnostic. Public key cryptography and multifactor authentication are two of the main features of the FIDO requirements (MFA). To secure personal identity information, FIDO authentication stores it locally on the user's computer. FIDO Authentication used by businesses to meet the need for safe applications without sacrificing user comfort. Organizations can remove weak links in the authentication chain, such as conventional passwords, by using FIDO authentication solutions and services, and provide improved protection and customer experience through passwordless authentication.
The market study is being classified, by Application (Payment Processing, PKI/Credential Management and Others) and major geographies with country level break-up.
Aware, Inc. (United States), OneSpan (United States), HYPR Group (United States), Yubico (United States), Daon (United States), RSA Security LLC (United States), Thales Security (United Kingdom), Cotech (United Kingdom) and Movenda (Italy) are some of the key players profiled in the study.
FIDO Authentication Market comprises of a high degree of competition, well-established players have an edge over the new entrants in terms of customer base & better serviceability & players are the concentrated majority in North America particularly in the United States. Currently, key players are in the industry are looking to enhance their existing range of products by implementing advanced technologies and at the same time deliver the quality of the systems. Significant mergers & acquisitions have happened in recent years thus indicating the growth potential in the Market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global FIDO Authentication market throughout the predicted period.
Analyst at AMA have segmented the market study of Global FIDO Authentication market by Type, Application and Region.
On the basis of geography, the market of FIDO Authentication has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Adoption of Mobile and Web Applications
- Rising Need for Advanced Security Solutions which Helps in Reducing Endpoint Attack Exposure
- Increasing Implementation Of AI
- Rising Concerns over Data Theft and Data Privacy
- Rising Adoption of Advanced Security Solutions among the Enterprises
- Increasing Data Vulnerability against Deployment of New Applications
In September 2020, Crayonic partnered with the FIDO alliance to become an Associate Member of the FIDO (Fast IDentity Online) Alliance. The collaboration helps the company to boost account security and protect data.
Key Target AudienceFIDO Authentication Solution Providers, Authentication Services Providers, Professional Services Providers, Managed Services Providers, System Integrators, Cloud Services Providers, Government Organizations, Resellers and Distributors, Investors and Venture Capitalists and Research Organizations
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