The Global Advanced Authentication Market size is estimated to reach $21.45 billion by 2026, growing at a CAGR of 13.7% over the forecast period of 2021-2026.
Advanced authentication helps in ensuring security beyond the username and password. It makes sure that the user goes through an additional authentication factor to prove their identity. Biometrics, a type of advanced authentication, has been successfully implemented in forensics, governments, banking and financial organizations, and enterprise identity management, among other applications. Furthermore, the widespread availability of fingerprint sensors in low-cost mobile devices and government-sponsored national ID initiatives have helped raise awareness and acceptance of this technology.
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Impact of COVID-19 on Advanced Authentication Market:
The COVID-19 pandemic resulted in the need for many sectors to be digitized so that they could cope with surviving during it. This has increased a lot of online financial transfers and other functionalities. Hence advanced authentication market is expected to experience an increase in demand.
Market Dynamics
Driver: Increase in the number of cyberattacks is driving the Advanced Authentication Market.
An increase in cyberattacks has made it a priority to focus on advanced authentication to safeguard the data involved. This is one of the key driving factors to have caused growth in the advanced authentication market.
Challenge: Lack of skilled professionals is restraining the market growth.
Advanced authentication is a niche field that has started to gain traction in recent times. Hence it gets complicated to find skilled professionals who have profound expertise here. This is one of the key challenges which is restraining the market growth.
Key Market Players
Key Players in the Global Advanced Authentication Market consist of Fujitsu Ltd, Thales Group, NEC Corp., Broadcom, Safran Identity and Security SAS, Dell Technologies, Validsoft, Pistolstar, Securenvoy, Lumidigm, among others.
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Developments
In February 2018, Fujitsu Security Solution AuthConductor Client, a suite of biometric authentication software for PCs that provides a safe authentication environment, was released by Fujitsu.
Report Coverage and Scope
The report "Global Advanced Authentication Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.
By Authentication Methods
• Smart Cards
• Biometrics
• Mobile Smart credentials
• Tokens
• Others
By Vertical
• Banking
• Telecom
• Healthcare and Life Sciences
• Government and Public Sector
• Defense
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By Geography
• North America
• Europe
• APAC
• RoW
Toc:
Chapter 1 Advanced Authentication Market Overview
1.1 Product Overview and Scope of Advanced Authentication
1.2 Advanced Authentication Market Segmentation by Authentication Methods
1.2.1 Smart Cards
1.2.2 Biometrics
1.2.3 Mobile Smart Credentials
1.2.4 Tokens
1.2.5 Others
TOC Continued...
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