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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.
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:
Breakup by Deployment:
Breakup by Solution:
Breakup by End-User Industry:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|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$ 2299
Five User License: US$ 3399
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)|
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,
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