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Advanced Authentication Market by Technology and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR70665
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The advanced authentication market share is expected to increase by USD 33.65 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 14.52%.

This advanced authentication market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers advanced authentication market segmentation by technology (biometrics and multi-factor authentication) and geography (North America, APAC, Europe, South America, and MEA). The advanced authentication market report also offers information on several market vendors, including Aware Inc., BIO-key International Inc, Broadcom Inc., Dell Technologies Inc., Fujitsu Ltd., HID Global Corp., NEC Corp., Safran SA, Thales Group, and ValidSoft Group among others.

What will the Advanced Authentication Market Size be During the Forecast Period?

Advanced Authentication Market Size

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Advanced Authentication Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The increasing volume of online transactions is notably driving the advanced authentication market growth, although factors such as the increasing cost of OTP tokens may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the advanced authentication industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Advanced Authentication Market Driver

The increasing volume of online transactions is one of the key drivers supporting the advanced authentication market growth.  Mobile operators are providing high-speed mobile broadband services that have enabled users to use bandwidth-intensive business applications. High-speed Internet services are necessary for availing cloud-computing services, which are in high demand among enterprises. The availability of 3G and 4G networks will further boost online transactions, which will increase the adoption of advanced authentication during the forecast period. Furthermore, consumers depend on the Internet to perform transactions. Online transactions are instant and easy. However, financial transactions are vulnerable to cyberattacks. Moreover, there has been a significant increase in the number of online services provided by companies, leading to an upsurge in online transactions. E-commerce sales in the US grew by 32.4% in 2020 compared with 2019. E-commerce sales reached $791.70 billion in 2020, up 32.4% from $598.02 billion in 2019. E-commerce still represents a small portion of retail purchases in the US. Hence, ample opportunities exist in the US e-commerce market during the forecast period. 

Key Advanced Authentication Market Trend

The introduction of out-of-band (OOB) authentication is one of the key advanced authentication market trends. Out-of-band (OOB) authentication helps end-users prevent fraud and works using a secured communication channel. Enterprises are adopting OOB technology for high-risk transactions to verify the identity of the user and authenticate for both financial and non-financial transactions. Furthermore, OOB authentication makes use of two different networks working together to identify a user. OOB authentication technology is a kind of multi-factor authentication. This technology works well in a situation when any hacker gains security credentials for a user’s account. It will not surpass without access to the second authentication network. The OOB authentication method is less expensive to deploy compared with keys and other complex biometric technologies. Hardware OOB authentication tokens and mobile phone-based OOB authentication tokens, such as SMS and backup calls, are the available OOB authentication methods. 

Key Advanced Authentication Market Challenge

Challenges from the increasing cost of OTP tokens are one of the factors hindering the advanced authentication market growth. High initial deployment and replacement costs have increased the total cost of OTP tokens. The total cost of OTP tokens includes the initial pricing and licensing model, infrastructure and hardware requirements, token warranty, and effort and resources required for deploying and managing the solution. This is because regions such as South America and Eastern Europe have limited vendor penetration. Vendors that operate in these regions are US and European players, such as Entrust, RSA Security, and VASCO. A small set of vendors controls the market, and the lack of stiff competition is resulting in high initial deployment and replacement costs. Thus, the increasing cost of OTP tokens will limit the growth of the market during the forecast period. 

This advanced authentication market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global advanced authentication market as a part of the global IT consulting and other services market within the global IT services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the advanced authentication market during the forecast period.

Who are the Major Advanced Authentication Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aware Inc.
  • BIO-key International Inc
  • Broadcom Inc.
  • Dell Technologies Inc.
  • Fujitsu Ltd.
  • HID Global Corp.
  • NEC Corp.
  • Safran SA
  • Thales Group
  • ValidSoft Group

 

This statistical study of the advanced authentication market encompasses successful business strategies deployed by the key vendors. The advanced authentication market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Aware Inc. - The company offers Knomi which is a mobile biometric authentication solution comprised of a family of biometric matching and liveness detection algorithms that use face and voice to enable secure and convenient multifactor authentication without passwords.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The advanced authentication market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Advanced Authentication Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the advanced authentication market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global IT consulting and other services market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

Which are the Key Regions for the Advanced Authentication Market?

Advanced Authentication Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

35% of the market’s growth will originate from North America during the forecast period. The US, and Canada are the key markets for advanced authentication market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The high-level implementation of bring-your-own-device (BYOD) and choose-your-own-devices (CYOD) policies will facilitate the advanced authentication market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The advanced authentication market in North America is expected to witness steady growth in 2021 due to the recent outbreak of COVID-19. This outbreak has forced governments across North America to impose lockdowns. This has changed the work scenario of end-users, especially in the ICT sector, by making their employees work from home. This is generating the need for cybersecurity solutions. Moreover, The US is the largest revenue contributor and will maintain its position during the forecast period. One of the major reasons for market growth in the region is the rise in cyber threats due to technological advances and the use of cloud-based systems to store data. Furthermore, an increase in the adoption of mobile devices for personal and professional purposes has increased the adoption of cybersecurity solutions, such as advanced authentication solutions, which is positively impacting market revenue. Cyberattacks that targeted the IT infrastructure of North America in the past were mobile malware, spear phishing, DDoS attacks, and e-mail-borne attacks. 

What are the Revenue-generating Technology Segments in the Advanced Authentication Market?

Advanced Authentication Market Share

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The advanced authentication market share growth by the biometrics segments will be significant during the forecast period. The market is expected to witness growth due to the increasing adoption of biometric technology in various end-user industries. Biometric technologies are more accurate than other authentication solutions. An end-user does not need to carry hardware OTP tokens and smart cards for identity verification.

This report provides an accurate prediction of the contribution of all the segments to the growth of the advanced authentication market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Advanced Authentication Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 14.52%

Market growth 2021-2025

USD 33.65 billion

Market structure

Fragmented

YoY growth (%)

18.85

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 35%

Key consumer countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aware Inc., BIO-key International Inc, Broadcom Inc., Dell Technologies Inc., Fujitsu Ltd., HID Global Corp., NEC Corp., Safran SA, Thales Group, and ValidSoft Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Advanced Authentication Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive advanced authentication market growth during the next five years
  • Precise estimation of the advanced authentication market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the advanced authentication industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of advanced authentication market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: IT Consulting and Other Services

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition

    5 Market Segmentation by Technology

    • 5.1 Market segments
      • Exhibit 15: Technology - Market share 2020-2025 (%)
    • 5.2 Comparison by Technology
      • Exhibit 16: Comparison by Technology
    • 5.3 Biometrics - Market size and forecast 2020-2025
      • Exhibit 17: Biometrics - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Biometrics - Year-over-year growth 2020-2025 (%)
    • 5.4 Multi-factor authentication - Market size and forecast 2020-2025
      • Exhibit 19: Multi-factor authentication - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Multi-factor authentication - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Technology
      • Exhibit 21: Market opportunity by Technology

    6 Customer Landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • 9.2 Vendor landscape
            • Exhibit 38: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 39: Landscape disruption
            • Exhibit 40: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 41: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 42: Market positioning of vendors
          • 10.3 Aware Inc.
            • Exhibit 43: Aware Inc. - Overview
            • Exhibit 44: Aware Inc. - Product and service
            • Exhibit 45: Aware Inc. - Key offerings
          • 10.4 BIO-key International Inc
            • Exhibit 46: BIO-key International Inc - Overview
            • Exhibit 47: BIO-key International Inc - Business segments
            • Exhibit 48: BIO-key International Inc - Key offerings
            • Exhibit 49: BIO-key International Inc - Segment focus
          • 10.5 Broadcom Inc.
            • 10.6 Dell Technologies Inc.
              • Exhibit 55: Dell Technologies Inc. - Overview
              • Exhibit 56: Dell Technologies Inc. - Business segments
              • Exhibit 57: Dell Technologies Inc. - Key offerings
              • Exhibit 58: Dell Technologies Inc. - Segment focus
            • 10.7 Fujitsu Ltd.
              • Exhibit 59: Fujitsu Ltd. - Overview
              • Exhibit 60: Fujitsu Ltd. - Business segments
              • Exhibit 61: Fujitsu Ltd. - Key news
              • Exhibit 62: Fujitsu Ltd. - Key offerings
              • Exhibit 63: Fujitsu Ltd. - Segment focus
            • 10.8 HID Global Corp.
              • Exhibit 64: HID Global Corp. - Overview
              • Exhibit 65: HID Global Corp. - Product and service
              • Exhibit 66: HID Global Corp. - Key offerings
            • 10.9 NEC Corp.
              • Exhibit 67: NEC Corp. - Overview
              • Exhibit 68: NEC Corp. - Business segments
              • Exhibit 69: NEC Corp.-Key news
              • Exhibit 70: NEC Corp. - Key offerings
              • Exhibit 71: NEC Corp. - Segment focus
            • 10.10 Safran SA
              • Exhibit 72: Safran SA - Overview
              • Exhibit 73: Safran SA - Business segments
              • Exhibit 74: Safran SA -Key news
              • Exhibit 75: Safran SA - Key offerings
              • Exhibit 76: Safran SA - Segment focus
            • 10.11 Thales Group
              • Exhibit 77: Thales Group - Overview
              • Exhibit 78: Thales Group- Business segments
              • Exhibit 79: Thales Group - Key news
              • Exhibit 80: Thales Group - Key offerings
              • Exhibit 81: Thales Group - Segment focus
            • 10.12 ValidSoft Group
              • Exhibit 82: ValidSoft Group - Overview
              • Exhibit 83: ValidSoft Group - Product and service
              • Exhibit 84: ValidSoft Group - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 85: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 86: Research Methodology
                • Exhibit 87: Validation techniques employed for market sizing
                • Exhibit 88: Information sources
              • 11.4 List of abbreviations
                • Exhibit 89: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Advanced Authentication Market market growth will increase by $33655.45 million during 2021-2025.
              The advanced authentication market market is expected to grow at a CAGR of 14.52% during 2021-2025.
              Technavio has segmented the advanced authentication market market by technology (Biometrics and Multi-factor authentication) and geographic (North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA).
              Aware Inc., BIO-key International Inc, Broadcom Inc., Dell Technologies Inc., Fujitsu Ltd., HID Global Corp., NEC Corp., Safran SA, Thales Group, ValidSoft Group are a few of the key vendors in the advanced authentication market market.
              North America will register the highest growth rate of 34.59% among the other regions. Therefore, the advanced authentication market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the advanced authentication market market growth are:
              • Increas ing volume of online transactions
              • Introduction of out-of-band (OOB) authentication
              The advanced authentication market market vendors should focus on grabbing business opportunities from the biometrics segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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