Advanced Authentication Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Advanced Authentication Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global advanced authentication market size reached US$ 14.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.8 Billion by 2028, exhibiting a growth rate (CAGR) of 13.2% during 2023-2028.

Advanced authentication is a verification approach that requires the presentation of multiple factors for security validation. On the basis of successful verification of these factors, an individual is authorized to access a particular virtual or physical space. The verification factors can either be a possession, knowledge or inherence-based variables such as a fingerprint, retinal scan, Personal Identification Number (PIN), password, security question or a One Time Password (OTP) which are exclusive to the user’s knowledge. An advanced authentication system is configured through a database or an application server that emphasizes on protecting organizations and business units from security threats such as hacking, identity theft and online frauds.

The increasing number of cyber-attacks and security breaches in various sectors is the key factor driving the global market. This, coupled with a significant rise in online transactions, has contributed positively to the market growth. An increased number of virtual transactions despite several cases of online frauds and unauthorized access has led to an imperative need for advanced authentication systems. Furthermore, technological innovations such as geo-fencing models based on GPS technology has provided users with an effective tool to track movements in a particular area and contain unauthorized access. Herein, verification strategies are specified by users, thus restricting access to any unauthorized source. Other factors such as the increasing rate of technological penetration and rising number of cloud and datacenter users have further driven this market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global advanced authentication market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on authentication methods, deployment, solution and end-user industry.

Breakup by Authentication Methods:

Smart Cards
Mobile Smart Credentials
User-Based Public Key Infrastructure
Other Authentication Methods

Breakup by Deployment:


Breakup by Solution:

Single Factor Authentication
Multi-Factor Authentication

Breakup by End-User Industry:

Banking and Financial Services
IT and Telecom

Breakup by Region:

North America
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Fujitsu Ltd, Gemalto N. V, NEC Corporation, CA Technologies (Broadcom Inc.), Safran Identity and Security SAS, Dell Technologies Inc. (RSA Security), Lumidigm Inc (HID Global), Validisoft, Pistolstar, Securenvoy (Shearwater Group), NetMotion Wireless, CJIS Solutions, AUTHASAS, WideBand Corporation, SECUREAUTH, etc.

IMARC Group’s latest report provides a deep insight into the global advanced authentication market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global advanced authentication market in any manner.

Key Questions Answered in This Report
1. What was the size of the global advanced authentication market in 2022?
2. What is the expected growth rate of the global advanced authentication market during 2023-2028?
3. What are the key factors driving the global advanced authentication market?
4. What has been the impact of COVID-19 on the global advanced authentication market?
5. What is the breakup of the global advanced authentication market based on the authentication methods?
6. What is the breakup of the global advanced authentication market based on the end-user industry?
7. What are the key regions in the global advanced authentication market?
8. Who are the key players/companies in the global advanced authentication market?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Advanced Authentication Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Authentication Methods
5.5 Market Breakup by Deployment
5.6 Market Breakup by Solution
5.7 Market Breakup by End-User Industry
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Authentication Methods
6.1 Smart Cards
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Biometrics
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Mobile Smart Credentials
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Tokens
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 User-Based Public Key Infrastructure
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Other Authentication Methods
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Deployment
7.1 On-Premise
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Solution
8.1 Single Factor Authentication
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Multi-Factor Authentication
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End-User Industry
9.1 Banking and Financial Services
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Healthcare
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Government
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Defense
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 IT and Telecom
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Europe
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Asia Pacific
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Fujitsu Ltd
15.3.2 Gemalto N. V
15.3.3 NEC Corporation
15.3.4 CA Technologies (Broadcom Inc.)
15.3.5 Safran Identity and Security SAS
15.3.6 Dell Technologies Inc. (RSA Security)
15.3.7 Lumidigm Inc (HID Global)
15.3.8 Validisoft
15.3.9 Pistolstar
15.3.10 Securenvoy (Shearwater Group)
15.3.11 NetMotion Wireless
15.3.12 CJIS Solutions
15.3.13 AUTHASAS
15.3.14 WideBand Corporation

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