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Advanced Authentication Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global advanced authentication market reached a value of US$ 12.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 27.5 Billion by 2027, exhibiting at a CAGR of 13.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on authentication methods, deployment, solution and end-user industry.

Breakup by Authentication Methods:

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

Breakup by Deployment:

  • On-Premise
  • Cloud
     

Breakup by Solution:

Breakup by End-User Industry:

  • Banking and Financial Services
  • Healthcare
  • Government
  • Defense
  • IT and Telecom
  • Others
     

Breakup by Region:

  • North America
  • Europe
  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Authentication Methods, Deployment, Solution, End-User Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered 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 and SECUREAUTH
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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
        15.3.15      SECUREAUTH

List of Figures

Figure 1: Global: Advanced Authentication Market: Major Drivers and Challenges
Figure 2: Global: Advanced Authentication Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Advanced Authentication Market: Breakup by Authentication Methods (in %), 2021
Figure 4: Global: Advanced Authentication Market: Breakup by Deployment (in %), 2021
Figure 5: Global: Advanced Authentication Market: Breakup by Solution (in %), 2021
Figure 6: Global: Advanced Authentication Market: Breakup by End-User Industry (in %), 2021
Figure 7: Global: Advanced Authentication Market: Breakup by Region (in %), 2021
Figure 8: Global: Advanced Authentication Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Advanced Authentication Industry: SWOT Analysis
Figure 10: Global: Advanced Authentication Industry: Value Chain Analysis
Figure 11: Global: Advanced Authentication Industry: Porter’s Five Forces Analysis
Figure 12: Global: Advanced Authentication (Smart Cards) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Advanced Authentication (Smart Cards) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Advanced Authentication (Biometrics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Advanced Authentication (Biometrics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Advanced Authentication (Mobile Smart Credentials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Advanced Authentication (Mobile Smart Credentials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Advanced Authentication (Tokens) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Advanced Authentication (Tokens) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Advanced Authentication (User-Based Public Key Infrastructure) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Advanced Authentication (User-Based Public Key Infrastructure) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Advanced Authentication (Other Authentication Methods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Advanced Authentication (Other Authentication Methods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Advanced Authentication (On-Premise) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Advanced Authentication (On-Premise) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Advanced Authentication (Cloud) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Advanced Authentication (Cloud) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Advanced Authentication (Single Factor Authentication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Advanced Authentication (Single Factor Authentication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Advanced Authentication (Multi-Factor Authentication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Advanced Authentication (Multi-Factor Authentication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Advanced Authentication (Banking and Financial Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Advanced Authentication (Banking and Financial Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Advanced Authentication (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Advanced Authentication (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Advanced Authentication (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Advanced Authentication (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Advanced Authentication (Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Advanced Authentication (Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Advanced Authentication (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Advanced Authentication (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Advanced Authentication (Other End-User Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Advanced Authentication (Other End-User Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: North America: Advanced Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: North America: Advanced Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Europe: Advanced Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Europe: Advanced Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Asia Pacific: Advanced Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Asia Pacific: Advanced Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Middle East and Africa: Advanced Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Middle East and Africa: Advanced Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Latin America: Advanced Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Latin America: Advanced Authentication Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Global: Advanced Authentication Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Advanced Authentication Market Forecast: Breakup by Authentication Methods (in Million US$), 2022-2027
Table 3: Global: Advanced Authentication Market Forecast: Breakup by Deployment (in Million US$), 2022-2027
Table 4: Global: Advanced Authentication Market Forecast: Breakup by Solution (in Million US$), 2022-2027
Table 5: Global: Advanced Authentication Market Forecast: Breakup by End-User Industry (in Million US$), 2022-2027
Table 6: Global: Advanced Authentication Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Advanced Authentication Market Structure
Table 8: Global: Advanced Authentication Market: Key Players

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Key Questions Answered in This Report

The global advanced authentication market was valued at US$ 12.7 Billion in 2021.

We expect the global advanced authentication market to exhibit a CAGR of 13.6% during 2022-2027.

Various technological advancements, including geo-fencing models, providing users with an effective
tool to track movements in a particular area, and restricting access to any unauthorized source, are
currently catalyzing the global advanced authentication market.

The sudden outbreak of the COVID-19 pandemic has led to the rising demand for advanced
authentication methods such as retinal scan, security question or a One Time Password (OTP), etc., to
avoid human interaction and protect business units from security threats.

Based on the authentication methods, the global advanced authentication market has been segmented
into smart cards, biometrics, mobile smart credentials, tokens, user-based public key infrastructure, and
other authentication methods. Currently, biometrics hold the majority of the total market share.

Based on the end-user industry, the global advanced authentication market can be divided into banking
and financial services, healthcare, government, defense, IT and telecom, and others. Among these, the
banking and financial services industry currently accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global advanced authentication market include 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.

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