PUBLISHER: Azoth Analytics | PRODUCT CODE: 1473847
PUBLISHER: Azoth Analytics | PRODUCT CODE: 1473847
Azoth Analytics has released a research report titled "Global Advanced Authentication Market (2024 Edition)" which provides a complete analysis of the Global Advanced Authentication industry in terms of market segmentation By Deployment (Cloud and On-Premise), By Authentication Method (Biometrics, Smartcards, Multi Factor Authentication, Token Based Authentication and Other Authentication Methods), By End Use Industry (BFSI, Retail and E-Commerce, Healthcare, Government and Defense and Other End Use Industries) for the historical period of 2020-2023, the estimates of 2023 and the forecast period of 2025-2030.
The report analyses the Advanced Authentication Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Brazil, Germany, United Kingdom, France, Italy, China, Japan, India). The Global Advanced Authentication market showcased growth at a CAGR of 10.59% during 2020-2023. The market was valued at USD 4374.31 Million in 2023 which is expected to reach USD 11798.05 Million in 2030. Cyberattacks are becoming increasingly sophisticated and prevalent, targeting organizations of all sizes and industries. These attacks include phishing, ransomware, data breaches, and identity theft. Advanced authentication solutions provide an extra layer of security that can help prevent unauthorized access to sensitive data and systems, mitigating the risk of cyber threats. Additionally, due to proliferation of remote work arrangements and the bring-your-own-device (BYOD) trend have expanded the attack surface for cybercriminals. Employees accessing corporate networks and data from various locations and devices increase the risk of unauthorized access and data breaches. Advanced authentication solutions enable organizations to enforce secure access controls and authentication policies, regardless of the user's location or device, thereby enhancing overall cybersecurity posture.
One of the primary drivers of demand for advanced authentication solutions in the context of cloud adoption is security concerns. Cloud environments introduce new security challenges, including unauthorized access, data breaches, and insider threats. Organizations are increasingly recognizing the need for additional security measures to protect sensitive data and applications stored in the cloud. Advanced authentication solutions, such as multi-factor authentication (MFA), biometric authentication, and adaptive authentication, play a crucial role in mitigating these risks by providing additional layers of security beyond traditional password-based authentication methods.
Cloud adoption enables employees to access corporate data and applications from anywhere, using any device with an internet connection. While this increased flexibility and mobility can enhance productivity, it also requires robust access controls to ensure that only authorized users can access sensitive information. Advanced authentication solutions help enforce access policies and authentication mechanisms tailored to the unique requirements of cloud-based environments. Role-based access controls, identity federation, and strong authentication mechanisms help organizations maintain control over who can access cloud-based resources and data.
Additionally, Effective identity and access management (IAM) are critical components of cloud security. Cloud adoption necessitates IAM solutions that can manage user identities, permissions, and privileges across distributed cloud environments. Advanced authentication technologies, such as single sign-on (SSO), federated identity management, and adaptive authentication, play a crucial role in IAM strategies by providing seamless and secure access to cloud-based resources. These solutions enhance user experience while improving security posture by ensuring that only authorized users can access sensitive data and applications in the cloud. Advanced authentication solutions help organizations achieve compliance by implementing robust authentication mechanisms and access controls that meet regulatory requirements. By ensuring compliance with these regulations, organizations can avoid costly fines and penalties associated with non-compliance.
Total transaction value is expected to show an annual growth rate of 9.52% CAGR resulting in a projected total amount of US 16.62 trillion by 2028. The market's largest market is Digital Commerce with a projected total transaction value of USD 7.63 trillion in 2024. As online and mobile transactions become more prevalent, the need for secure authentication methods becomes paramount. Traditional authentication methods like passwords are no longer sufficient to protect against the growing sophistication of cyber threats. Consequently, there is a higher demand for advanced authentication solutions such as multi-factor authentication (MFA), biometrics, and adaptive authentication to provide stronger security measures for online and mobile transactions.
Furthermore, with the rise in online and mobile transactions, there is a parallel demand for authentication solutions that are not only secure but also user-friendly. Consumers expect seamless and convenient authentication experiences that do not compromise security. This has led to the development of advanced authentication technologies such as biometrics (e.g., fingerprint recognition, facial recognition) and behavioural analytics, which offer a balance between security and user convenience.
The growth in online and mobile transactions also increases the risk of fraud and identity theft. Cybercriminals target these transactions to steal sensitive information or carry out fraudulent activities. Advanced authentication solutions help mitigate these risks by providing additional layers of security, such as biometric verification or transaction monitoring, to detect and prevent unauthorized access and fraudulent transactions.
Scope of the Report:
The report analyses the Advanced Authentication Market by Value (USD Million).
The report analyses the Advanced Authentication Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Brazil, Germany, United Kingdom, France, Italy, China, Japan, India).
The report presents the analysis of Advanced Authentication Market for the historical period of 2020-2023, the estimated year 2024 and the forecast period of 2025-2030.
The report analyses the Advanced Authentication Market By Deployment (Cloud and On-Premise)
The report analyses the Advanced Authentication Market By Authentication Method (Biometrics, Smartcards, Multi Factor Authentication, Token Based Authentication and Other Authentication Methods).
The report analyses the Advanced Authentication Market By End Use Industry (BFSI, Retail and E-Commerce, Healthcare, Government and Defense and Other End Use Industries).
The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, By Products, by mode of operation & by end users.
Also, the major opportunities, trends, drivers, and challenges of the industry has been analyzed in the report.
The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include of are Microsoft Corporation, NEC Corporation, Fujitsu Limited, Broadcom Inc., IBM Corporation, Cisco Systems Inc., Thales Group, Okta Inc., Yubico AB and Ping Identity Holding Corporation.
Table of Content
List of Tables
Table A1: Global Impact of Macro Economic Factors, By Region
Table A2: United States Advanced Authentication Market, By Deployment, By Value, 2020-2023 (USD Million)
Table A3: United States Advanced Authentication Market, By Deployment, By Value, 2024-2030 (USD Million)
Table A4: United States Advanced Authentication Market, By Authentication Method, By Value, 2020-2023 (USD Million)
Table A5: United States Advanced Authentication Market, By Authentication Method, By Value, 2024-2030 (USD Million)
Table A6: United States Advanced Authentication Market, By End Use Industry, By Value, 2020-2023 (USD Million)
Table A7: United States Advanced Authentication Market, By End Use Industry, By Value, 2024-2030 (USD Million)
Table A8: Canada Advanced Authentication Market, By Deployment, By Value, 2020-2023 (USD Million)
Table A9: Canada Advanced Authentication Market, By Deployment, By Value, 2024-2030 (USD Million)
Table A10: Canada Advanced Authentication Market, By Authentication Method, By Value, 2020-2023 (USD Million)
Table A11: Canada Advanced Authentication Market, By Authentication Method, By Value, 2024-2030 (USD Million)
Table A12: Canada Advanced Authentication Market, By End Use Industry, By Value, 2020-2023 (USD Million)
Table A13: Canada Advanced Authentication Market, By End Use Industry, By Value, 2024-2030 (USD Million)
Table A14: Brazil Advanced Authentication Market, By Deployment, By Value, 2020-2023 (USD Million)
Table A15: Brazil Advanced Authentication Market, By Deployment, By Value, 2024-2030 (USD Million)
Table A16: Brazil Advanced Authentication Market, By Authentication Method, By Value, 2020-2023 (USD Million)
Table A17: Brazil Advanced Authentication Market, By Authentication Method, By Value, 2024-2030 (USD Million)
Table A18: Brazil Advanced Authentication Market, By End Use Industry, By Value, 2020-2023 (USD Million)
Table A19: Brazil Advanced Authentication Market, By End Use Industry, By Value, 2024-2030 (USD Million)
Table A20: Rest of Americas Advanced Authentication Market, By Deployment, By Value, 2020-2023 (USD Million)
Table A21: Rest of Americas Advanced Authentication Market, By Deployment, By Value, 2024-2030 (USD Million)
Table A22: Rest of Americas Advanced Authentication Market, By Authentication Method, By Value, 2020-2023 (USD Million)
Table A23: Rest of Americas Advanced Authentication Market, By Authentication Method, By Value, 2024-2030 (USD Million)
Table A24: Rest of Americas Advanced Authentication Market, By End Use Industry, By Value, 2020-2023 (USD Million)
Table A25: Rest of Americas Advanced Authentication Market, By End Use Industry, By Value, 2024-2030 (USD Million)
Table A26: United Kingdom Advanced Authentication Market, By Deployment, By Value, 2020-2023 (USD Million)
Table A27: United Kingdom Advanced Authentication Market, By Deployment, By Value, 2024-2030 (USD Million)
Table A28: United Kingdom Advanced Authentication Market, By Authentication Method, By Value, 2020-2023 (USD Million)
Table A29: United Kingdom Advanced Authentication Market, By Authentication Method, By Value, 2024-2030 (USD Million)
Table A30: United Kingdom Advanced Authentication Market, By End Use Industry, By Value, 2020-2023 (USD Million)
Table A31: United Kingdom Advanced Authentication Market, By End Use Industry, By Value, 2024-2030 (USD Million)
Table A32: Germany Advanced Authentication Market, By Deployment, By Value, 2020-2023 (USD Million)
Table A33: Germany Advanced Authentication Market, By Deployment, By Value, 2024-2030 (USD Million)
Table A34: Germany Advanced Authentication Market, By Authentication Method, By Value, 2020-2023 (USD Million)
Table A35: Germany Advanced Authentication Market, By Authentication Method, By Value, 2024-2030 (USD Million)
Table A36: Germany Advanced Authentication Market, By End Use Industry, By Value, 2020-2023 (USD Million)
Table A37: Germany Advanced Authentication Market, By End Use Industry, By Value, 2024-2030 (USD Million)
Table A38: France Advanced Authentication Market, By Deployment, By Value, 2020-2023 (USD Million)
Table A39: France Advanced Authentication Market, By Deployment, By Value, 2024-2030 (USD Million)
Table A40: France Advanced Authentication Market, By Authentication Method, By Value, 2020-2023 (USD Million)
Table A41: France Advanced Authentication Market, By Authentication Method, By Value, 2024-2030 (USD Million)
Table A42: France Advanced Authentication Market, By End Use Industry, By Value, 2020-2023 (USD Million)
Table A43: France Advanced Authentication Market, By End Use Industry, By Value, 2024-2030 (USD Million)
Table A44: Italy Advanced Authentication Market, By Deployment, By Value, 2020-2023 (USD Million)
Table A45: Italy Advanced Authentication Market, By Deployment, By Value, 2024-2030 (USD Million)
Table A46: Italy Advanced Authentication Market, By Authentication Method, By Value, 2020-2023 (USD Million)
Table A47: Italy Advanced Authentication Market, By Authentication Method, By Value, 2024-2030 (USD Million)
Table A48: Italy Advanced Authentication Market, By End Use Industry, By Value, 2020-2023 (USD Million)
Table A49: Italy Advanced Authentication Market, By End Use Industry, By Value, 2024-2030 (USD Million)
Table A50: Rest of Europe Advanced Authentication Market, By Deployment, By Value, 2020-2023 (USD Million)
Table A51: Rest of Europe Advanced Authentication Market, By Deployment, By Value, 2024-2030 (USD Million)
Table A52: Rest of Europe Advanced Authentication Market, By Authentication Method, By Value, 2020-2023 (USD Million)
Table A53: Rest of Europe Advanced Authentication Market, By Authentication Method, By Value, 2024-2030 (USD Million)
Table A54: Rest of Europe Advanced Authentication Market, By End Use Industry, By Value, 2020-2023 (USD Million)
Table A55: Rest of Europe Advanced Authentication Market, By End Use Industry, By Value, 2024-2030 (USD Million)
Table A56: China Advanced Authentication Market, By Deployment, By Value, 2020-2023 (USD Million)
Table A57: China Advanced Authentication Market, By Deployment, By Value, 2024-2030 (USD Million)
Table A58: China Advanced Authentication Market, By Authentication Method, By Value, 2020-2023 (USD Million)
Table A59: China Advanced Authentication Market, By Authentication Method, By Value, 2024-2030 (USD Million)
Table A60: China Advanced Authentication Market, By End Use Industry, By Value, 2020-2023 (USD Million)
Table A61: China Advanced Authentication Market, By End Use Industry, By Value, 2024-2030 (USD Million)
Table A62: Japan Advanced Authentication Market, By Deployment, By Value, 2020-2023 (USD Million)
Table A63: Japan Advanced Authentication Market, By Deployment, By Value, 2024-2030 (USD Million)
Table A64: Japan Advanced Authentication Market, By Authentication Method, By Value, 2020-2023 (USD Million)
Table A65: Japan Advanced Authentication Market, By Authentication Method, By Value, 2024-2030 (USD Million)
Table A66: Japan Advanced Authentication Market, By End Use Industry, By Value, 2020-2023 (USD Million)
Table A67: Japan Advanced Authentication Market, By End Use Industry, By Value, 2024-2030 (USD Million)
Table A68: India Advanced Authentication Market, By Deployment, By Value, 2020-2023 (USD Million)
Table A69: India Advanced Authentication Market, By Deployment, By Value, 2024-2030 (USD Million)
Table A70: India Advanced Authentication Market, By Authentication Method, By Value, 2020-2023 (USD Million)
Table A71: India Advanced Authentication Market, By Authentication Method, By Value, 2024-2030 (USD Million)
Table A72: India Advanced Authentication Market, By End Use Industry, By Value, 2020-2023 (USD Million)
Table A73: India Advanced Authentication Market, By End Use Industry, By Value, 2024-2030 (USD Million)
Table A74: Rest of Asia Pacific Advanced Authentication Market, By Deployment, By Value, 2020-2023 (USD Million)
Table A75: Rest of Asia Pacific Advanced Authentication Market, By Deployment, By Value, 2024-2030 (USD Million)
Table A76: Rest of Asia Pacific Advanced Authentication Market, By Authentication Method, By Value, 2020-2023 (USD Million)
Table A77: Rest of Asia Pacific Advanced Authentication Market, By Authentication Method, By Value, 2024-2030 (USD Million)
Table A78: Rest of Asia Pacific Advanced Authentication Market, By End Use Industry, By Value, 2020-2023 (USD Million)
Table A79: Rest of Asia Pacific Advanced Authentication Market, By End Use Industry, By Value, 2024-2030 (USD Million)
Table A80: Microsoft Key Company Financials, 2021-2023
Table A81: NEC Key Company Financials, 2021-2023
Table A82: Fujitsu Key Company Financials, 2021-2023
Table A83: Broadcom Inc. Key Company Financials, 2021-2023
Table A84: IBM Corporation Key Company Financials, 2021-2023
Table A85: Cisco Systems Inc. Key Company Financials, 2021-2023
Table A86: Thales Group Key Company Financials, 2021-2023
Table A87: Okta Inc. Key Company Financials, 2022-2024
Table A88: Yubico AB Key Company Financials, 2021-2023