Fast Identity Online Market (FIDO) by Offerings (FIDO Authentication Devices, FIDO SDKs, Support Services), Protocols (FIDO2, Universal Authentication Framework (UAF), Universal Second Factor (U2F)), Deployment, Application, End-User - Global Forecast 2024-2030

[198 Pages Report] The Fast Identity Online Market size was estimated at USD 18.54 billion in 2023 and expected to reach USD 21.07 billion in 2024, at a CAGR 15.23% to reach USD 50.02 billion by 2030.

Fast Identity Online (FIDO) is an open-standards-based, multi-factor authentication technology designed to make authentication more secure and easier for end users. The FIDO protocol enables users to authenticate securely using a variety of factors such as biometrics, passwords, or security tokens. FIDO also reduces the risk of phishing attacks by eliminating the requirement for users to enter their passwords on unsecured websites. FIDO works across a broad range of mobile devices and cloud-based applications, providing users with secure access from any device or platform. Government organizations and private enterprises are adopting FIDO solutions to enable strong multi-factor authentication, reducing IT costs associated with managing passwords, providing a more user-friendly experience, increasing security by eliminating static passwords, and allowing for secure remote access. The high costs of product deployment and limitations associated with interoperability and user inconvenience hamper the adoption of FIDO solutions. However, the ongoing initiatives and investments toward digitalization and enhancing the strong authentication for various end-users are expected to create opportunities for the FIDO market in the near future.

The Americas represents a highly developing fast identity online market owing to the growing penetration of cloud-based and mobile applications, significant digitalization of the banking and financial sector, and ongoing investments by the regional market players to adopt FIDO solutions. The digital transformation initiatives and increasing penetration of FIDO solutions in government organizations and private enterprises across the EMEA region have promoted the demand for FIDO solutions in the region. Moreover, the Asia-Pacific region has enormous potential for the FIDO market due to the rising adoption of digitized payment platforms and advanced application authentication procedures. The elevating penetration of smartphones in the region with expanding use of two-factor and multi-factor authentication is expected to bolster the growth of the FIDO market in the coming years.

The market dynamics represent an ever-changing landscape of the Fast Identity Online Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

• Market Drivers
  • Increasing numbers of phishing, malware, and cyber attacks associated with static passwords
  • Growing penetration of mobile devices and cloud-based applications
  • Rising deployment of two-factor authentication and multi-factor authentication in government organizations and private enterprises
• Market Restraints
  • High costs of installation associated with FIDO solutions
• Market Opportunities
  • Ongoing investments to accelerate availability of passwordless sign‑ins
  • Supportive government initiatives for digitalization of various end-user industries
• Market Challenges
  • Limitations associated with interoperability and user-inconvenience

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Fast Identity Online Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Fast Identity Online Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Fast Identity Online Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

• Clever Launches Multi-Factor Authentication to Help K-12 Schools Secure Sensitive Information With One Seamless Solution

  Clever aims to revolutionize the education technology industry with its new multi-factor authentication feature. This powerful security solution enables schools to protect sensitive information from potential threats while still providing a seamless user experience for students and teachers alike. By leveraging the latest in identity verification standards, Clever can provide a secure online learning environment without compromising the convenience of remote learning opportunities. [Published On: April 26, 2023]

• Semperis Joins Microsoft Intelligent Security Association, Expanding Collaboration to Combat Identity-Related Cyber Threats

  Semperis has been accepted as a new member of the Microsoft Intelligent Security Association, aiming to strengthen their collaboration to protect against identity-related cyber threats. As part of this partnership, Semperis is expected to provide specialized solutions for identity protection on Azure Active Directory and Office 365 environments, leveraging their Identity Protection Platform's automated remediation capabilities and advanced machine learning (ML) algorithms, which are designed to detect malicious attacks and prevent data breaches. The new integration can provide customers with enhanced levels of security and peace of mind when it comes to protecting their sensitive digital assets. [Published On: March 14, 2023]

• OPPO joins the FIDO Alliance, accelerating the arrival of a new era of passwordless sign-ins

  FIDO Alliance announced that OPPO joined their organization, furthering the commitment to making secure passwordless sign-ins a reality. OPPO's mobile devices support FIDO authentication services, giving users more choices in accessing their accounts and protecting them with the highest security standards available. [Published On: October 14, 2022]

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Fast Identity Online Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

The report delves into recent significant developments in the Fast Identity Online Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Amazon Web Services, Inc., aPersona, Inc., Apple Inc., Avatier Corporation, Broadcom Inc., Cisco Systems, Inc., Entrust Corporation, ForgeRock, Inc., Fujitsu Limited, Google LLC by Alphabet Inc., IDEMIA, Intel Corporation, Jumio, Microsoft Corporation, NEC Corporation, Okta, Inc., One Identity LLC, OneSpan Inc., Ping Identity, RSA Security LLC, Safran S.A., SecureAuth Corporation, Semperis Inc., Signicat, Thales Group, The International Business Machines Corporation, Transmit Security, TWILIO, INC., and Yubico AB.

This research report categorizes the Fast Identity Online Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Offerings
  • FIDO Authentication Devices
  • FIDO SDKs
  • Support Services
• Protocols
  • FIDO2
    • CTAP1
    • CTAP2
    • WebAuthn
  • Universal Authentication Framework (UAF)
  • Universal Second Factor (U2F)
• Deployment
  • On-Cloud
  • On-Premises
• Application
  • Application Level Encryption
  • Database Encryption
  • Payment Processing
  • PKI / Credential Management
• End-User
  • Banking & Financial Services
  • Energy & Utility
  • Government
  • Healthcare & Lifesciences
  • Industrial & Manufacturing
  • IT and Telecommunication
  • Retail & Consumer Products

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

1. What is the current market size and projected growth?
2. Which products, segments, applications, and regions offer promising investment opportunities?
3. What are the prevailing technology trends and regulatory frameworks?
4. What is the market share and positioning of the leading vendors?
5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?