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 size will grow up to USD 33.65 billion at a CAGR of 14.52% during 2021-2025.

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 market segmentations by technology (biometrics and multi-factor authentication) and geography (North America, Europe, APAC, 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 in 2021?

Advanced-Authentication-Market-Market-Size-2020-2025

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Advanced Authentication Market: Key Drivers and Trends

According to our research output, there has been a neutral impact on the market growth post COVID-19 era. Key drivers such as the increasing volume of online transactions are notably supporting the advanced authentication market growth. On the other hand, factors such as increasing cost of OTP tokens have been identified as market challenges that limit the growth of market vendors. This report offers detailed insights on the challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic advanced authentication market report has assessed the shift in consumer behavior and identified trends and drivers that will help market players outmaneuver challenges. Technology innovations, implementation, and improvisation scope identified in the advanced authentication market trends is essential for building new business opportunities across segmentations and geographies.

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

 

The advanced authentication market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

Furthermore, to make the most of the opportunities and recover from 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. Buy the full advanced authentication market statistics report to understand the magnitude of the economic impact on each segment and recovery expectations.

The key vendor profiles include information on their production, sustainability, and growth prospects. Download a free sample of the advanced authentication market forecast report for insights on complete key vendor profiles.

Which are the Key Regions for Advanced Authentication Market?

Advanced-Authentication-Market-Market-Share-by-Region-2020-2025

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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 in North America.

North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. High-level security provided by hardware OTP tokens has been identified as one of the chief factors that will drive the advanced authentication market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

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

Advanced-Authentication-Market-Market-Share-by-Technology-2020-2025

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The advanced authentication market share growth by the biometrics segment has been significant. The advanced authentication market report provides comprehensive understanding of the subsegments of the target market to identify niche customer groups and demographic requirements. Furthermore, the report provides insights on the impact of COVID-19 on market segments, which can be used to deduce transformation patterns in consumer behavior in the coming years and improvise business plans.

This report provides an accurate prediction of the contribution of all the segments to the growth of the advanced authentication market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors 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 market across North America, Europe, APAC, 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

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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 15%

Market growth 2021-2025

$ 33.65 billion

Market structure

Fragmented

YoY growth (%)

18.85

Regional analysis

North America, Europe, APAC, 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

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 future consumer dynamics, market condition analysis for 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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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
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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
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TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The advanced authentication market growth will increase by $33655.45 million during 2020-2025.
The advanced authentication market is expected to grow at a CAGR of 14.52% during 2020-2025.
Technavio has segmented the advanced authentication market by technology (Biometrics and Multi-factor authentication) and geographic (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.
North America will register the highest growth rate of 34.59% among the other regions. Therefore, the advanced authentication 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 growth are:
  • Increasing volume of online transactions
  • Introduction of out-of-band (OOB) authentication
The advanced authentication market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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