PUBLISHER: IMARC | PRODUCT CODE: 1423184
PUBLISHER: IMARC | PRODUCT CODE: 1423184
Advanced Authentication Market Report by Authentication Methods, Deployment, Solution, End-User Industry, and Region 2024-2032
Abstract
The global advanced authentication market size reached US$ 16.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 45.9 Billion by 2032, exhibiting a growth rate (CAGR) of 11.8% during 2024-2032. The growing utilization of online payment gateways, rising occurrence of cyber security breaches, and increasing adoption of remote working models represent some of the key factors driving the market
Advanced authentication refers to the authentication strategy that relies on real-world identity signals adaptively to present significantly stronger identity verification. It includes software tokens, hardware tokens, and biometric systems, which are used in conjunction with traditional methods of verifying identity, such as names and passwords. It is configured through a database or an application server that emphasizes providing protection to organizations and business units from a wide range of security breaches and threats, such as hacking, identity theft, and online fraud. It grants the authorization or permission to access a particular virtual or physical space to an individual after verifying a set of specific factors. It evaluates a wide array of verification factors, which are either possession, knowledge, or inherence-based variables like fingerprint, personal identification number (PIN), retinal scan, passwords, security questions, and one-time password (OTP). Furthermore, it enables account managers to define rules or policies to control the access of users from different domains.
Advanced Authentication Market Trends:
At present, the increasing demand for advanced authentication, as it is reliable and efficient in mitigating security risks, represents one of the crucial factors impelling the growth of the market. Besides this, the rising occurrence of cyber security breaches to steal or copy confidential information is currently propelling the growth of the market. In addition, the growing utilization of online payment gateways to make cashless payments for products and services is offering a favorable market outlook. Apart from this, the rising adoption of geofencing models based on global positioning system (GPS) technology to provide an effective tool for tracking movements in a particular area and restricting unauthorized access is contributing to the market growth. Additionally, the increasing cloud computing activities to delegate routine tasks, improve operational efficiency, and store huge amounts of crucial data is strengthening the growth of the market. Moreover, the rising adoption of remote working models to maintain proper work-life balance and flexibility while completing tasks is supporting the growth of the market. Furthermore, the increasing popularity of biometrics as an effective authentication method for offering non-repudiation, non-transferable, and non-identifiable characteristics is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global advanced authentication market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on authentication methods, deployment, solution and end-user industry.
Authentication Methods Insights:
Smart Cards
Biometrics
Mobile Smart Credentials
Tokens
User-Based Public Key Infrastructure
Other Authentication Methods
The report has provided a detailed breakup and analysis of the advanced authentication market based on the authentication methods. This includes smart cards, biometrics, mobile smart credentials, tokens, user-based public key infrastructure, and other authentication methods. According to the report, biometrics represented the largest segment.
Deployment Insights:
On-Premise
Cloud
A detailed breakup and analysis of the advanced authentication market based on the deployment has also been provided in the report. This includes on-premise and cloud. According to the report, cloud accounted for the largest market share.
Solution Insights:
Single-Factor Authentication
Multi-Factor Authentication
A detailed breakup and analysis of the advanced authentication market based on the solution has also been provided in the report. This includes single-factor authentication and multi-factor authentication. According to the report, multi-factor authentication accounted for the largest market share.
End-User Industry Insights:
Banking and Financial Services
Healthcare
Government
Defense
IT and Telecom
Others
A detailed breakup and analysis of the advanced authentication market based on the end-user industry has also been provided in the report. This includes banking and financial services, healthcare, government, defense, IT and telecom, and others.
Regional Insights:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, the Middle East and Africa and Latin America. According to the report, North America was the largest market for advanced authentication. Some of the factors driving the North America advanced authentication market included the growing cloud computing practices, rising occurrence of cyber security breaches, increasing adoption of advanced security measures by various industry verticals, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global advanced authentication market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Fujitsu Ltd, Gemalto N. V, NEC Corporation, CA Technologies (Broadcom Inc.), Safran Identity and Security SAS, Dell Technologies Inc. (RSA Security), Lumidigm Inc (HID Global), Validisoft, Pistolstar, Securenvoy (Shearwater Group), NetMotion Wireless, CJIS Solutions, AUTHASAS, WideBand Corporation, SECUREAUTH, etc.
Key Questions Answered in This Report
- 1. What was the size of the global advanced authentication market in 2023?
- 2. What is the expected growth rate of the global advanced authentication market during 2024-2032?
- 3. What are the key factors driving the global advanced authentication market?
- 4. What has been the impact of COVID-19 on the global advanced authentication market?
- 5. What is the breakup of the global advanced authentication market based on the authentication methods?
- 6. What is the breakup of the global advanced authentication market based on the end-user industry?
- 7. What are the key regions in the global advanced authentication market?
- 8. Who are the key players/companies in the global advanced authentication market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Advanced Authentication Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Authentication Methods
- 5.5 Market Breakup by Deployment
- 5.6 Market Breakup by Solution
- 5.7 Market Breakup by End-User Industry
- 5.8 Market Breakup by Region
- 5.9 Market Forecast
6 Market Breakup by Authentication Methods
- 6.1 Smart Cards
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Biometrics
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Mobile Smart Credentials
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Tokens
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 User-Based Public Key Infrastructure
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Other Authentication Methods
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Deployment
- 7.1 On-Premise
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Cloud
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Solution
- 8.1 Single Factor Authentication
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Multi-Factor Authentication
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by End-User Industry
- 9.1 Banking and Financial Services
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Healthcare
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Government
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Defense
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 IT and Telecom
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Others
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Europe
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Asia Pacific
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Middle East and Africa
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Latin America
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Fujitsu Ltd
- 15.3.2 Gemalto N. V
- 15.3.3 NEC Corporation
- 15.3.4 CA Technologies (Broadcom Inc.)
- 15.3.5 Safran Identity and Security SAS
- 15.3.6 Dell Technologies Inc. (RSA Security)
- 15.3.7 Lumidigm Inc (HID Global)
- 15.3.8 Validisoft
- 15.3.9 Pistolstar
- 15.3.10 Securenvoy (Shearwater Group)
- 15.3.11 NetMotion Wireless
- 15.3.12 CJIS Solutions
- 15.3.13 AUTHASAS
- 15.3.14 WideBand Corporation
- 15.3.15 SECUREAUTH
List of Figures
- Figure 1: Global: Advanced Authentication Market: Major Drivers and Challenges
- Figure 2: Global: Advanced Authentication Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Advanced Authentication Market: Breakup by Authentication Methods (in %), 2023
- Figure 4: Global: Advanced Authentication Market: Breakup by Deployment (in %), 2023
- Figure 5: Global: Advanced Authentication Market: Breakup by Solution (in %), 2023
- Figure 6: Global: Advanced Authentication Market: Breakup by End-User Industry (in %), 2023
- Figure 7: Global: Advanced Authentication Market: Breakup by Region (in %), 2023
- Figure 8: Global: Advanced Authentication Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 9: Global: Advanced Authentication Industry: SWOT Analysis
- Figure 10: Global: Advanced Authentication Industry: Value Chain Analysis
- Figure 11: Global: Advanced Authentication Industry: Porter's Five Forces Analysis
- Figure 12: Global: Advanced Authentication (Smart Cards) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Advanced Authentication (Smart Cards) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Advanced Authentication (Biometrics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Advanced Authentication (Biometrics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Advanced Authentication (Mobile Smart Credentials) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Advanced Authentication (Mobile Smart Credentials) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Advanced Authentication (Tokens) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Advanced Authentication (Tokens) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Advanced Authentication (User-Based Public Key Infrastructure) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Advanced Authentication (User-Based Public Key Infrastructure) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Advanced Authentication (Other Authentication Methods) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Advanced Authentication (Other Authentication Methods) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Advanced Authentication (On-Premise) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Advanced Authentication (On-Premise) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Advanced Authentication (Cloud) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Advanced Authentication (Cloud) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Advanced Authentication (Single Factor Authentication) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Advanced Authentication (Single Factor Authentication) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Advanced Authentication (Multi-Factor Authentication) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Advanced Authentication (Multi-Factor Authentication) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Advanced Authentication (Banking and Financial Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Advanced Authentication (Banking and Financial Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: Advanced Authentication (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: Advanced Authentication (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Global: Advanced Authentication (Government) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Global: Advanced Authentication (Government) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Global: Advanced Authentication (Defense) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Global: Advanced Authentication (Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Global: Advanced Authentication (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Global: Advanced Authentication (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Global: Advanced Authentication (Other End-User Industries) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Global: Advanced Authentication (Other End-User Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: North America: Advanced Authentication Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: North America: Advanced Authentication Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Europe: Advanced Authentication Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Europe: Advanced Authentication Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Asia Pacific: Advanced Authentication Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Asia Pacific: Advanced Authentication Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Middle East and Africa: Advanced Authentication Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Middle East and Africa: Advanced Authentication Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Latin America: Advanced Authentication Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Latin America: Advanced Authentication Market Forecast: Sales Value (in Million US$), 2024-2032
List of Tables
- Table 1: Global: Advanced Authentication Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Advanced Authentication Market Forecast: Breakup by Authentication Methods (in Million US$), 2024-2032
- Table 3: Global: Advanced Authentication Market Forecast: Breakup by Deployment (in Million US$), 2024-2032
- Table 4: Global: Advanced Authentication Market Forecast: Breakup by Solution (in Million US$), 2024-2032
- Table 5: Global: Advanced Authentication Market Forecast: Breakup by End-User Industry (in Million US$), 2024-2032
- Table 6: Global: Advanced Authentication Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Advanced Authentication Market Structure
- Table 8: Global: Advanced Authentication Market: Key Players
