The Advanced Authentication Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Advanced Authentication market. The report offers in-depth research and assessment of the key elements of the global Advanced Authentication market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Advanced Authentication market.

 

The global advanced authentication market size was USD 12.65 Billion in 2022 and is expected to register a revenue CAGR of 11.7% during the forecast period. Factors such as increased adoption of mobile and Internet penetration, growing emergence of digital portals, and payment platforms, along with rising importance of securing individual privacy, and cybersecurity threats are creating a high demand for advanced authentication software, thus expected to drive market revenue growth. Stronger authentication methods are mandated by government legislation and industry standards, which have considerably driven market revenue growth. The market revenue growth is being driven by the need for enterprises to employ advanced authentication solutions as a result of compliance regulations such as the General Data Protection Regulation (GDPR) and the Payment Card Industry Data Security Standard (PCI DSS). The demand for cloud-based authentication solutions has grown as cloud-based services and remote work environments have been more widely used. Organizations can safeguard access to cloud resources and guarantee secure remote access owing to the scalability, centralized control, and flexibility offered by cloud-based enhanced authentication which is growing the importance of employing software in different industries. According to research, with almost 3.4 billion spam emails sent out each day, phishing attacks continue to be the most frequent online attacks. In 2022, the average cost of a data breach was USD 4.35 million across the globe. The average cost of breaches caused by compromised or stolen credentials in 2022 was USD 4.50 million which is increasing the importance of strengthening data security. Such factors are driving revenue growth of the market.

 

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The researchers have considered all the factors influencing the growth of the Advanced Authentication market on the global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors of the Advanced Authentication market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the Advanced Authentication market and its key segments. The report also offers a current and future impact of the COVID-19 pandemic on the market.

Furthermore, the report provides details about the new players entering the market, entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.

Key Players operating in the industry are:

Fujitsu, Thales, NEC Corporation, Broadcom, Dell Inc., Safran, ValidSoft Group, BIO-key International, SecurEnvoy Ltd, and Absolute Software Corporation

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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Advanced Authentication market expected to boost the growth of the industry in the coming years.

Advanced Authentication Market Segmentation:

 

  • Authentication Methods Outlook (Revenue, USD Billion; 2019-2032)

    • Smart Cards
    • Biometrics
    • Mobile Smart Credentials
    • Tokens
    • User-Based Public Key Infrastructure
    • Others

 

 

  • Authentication Type Outlook (Revenue, USD Billion; 2019-2032)

    • Single-Factor Authentication
    • Multi-Factor Authentication

 

 

  • End-Use Industry Outlook (Revenue, USD Billion; 2019-2032)

    • BFSI
    • Healthcare
    • Government
    • Defense
    • IT & Telecom
    • Others

 

Key Objectives of the Report:

  • Analysis and estimation of the Advanced Authentication market size and share for the projected period
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Advanced Authentication market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.

Detailed Regional Analysis covers:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type applications

Chapter 9: Current and Future Trends

The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.

Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.

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