Fast Identity Online (FIDO) Authentication Market Analysis in 2025: Identifying Opportunities and Challenges

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 This report presents a fact-based view of the fast identity online (fido) authentication sector to help companies respond to market shifts and uncover growth potential.


What Is The Current Outlook For The Fast Identity Online (FIDO) Authentication Market By 2025?
The fast identity online (fido) authentication market size has grown exponentially in recent years. It will grow from $1.93 billion in 2024 to $2.37 billion in 2025 at a compound annual growth rate (CAGR) of 22.9%. The growth in the historic period can be attributed to password vulnerabilities, increasing cybersecurity threats, consumer demand for user-friendly security, push for biometric authentication, industry standards and alliances.

The fast identity online (fido) authentication market size is expected to see exponential growth in the next few years. It will grow to $5.68 billion in 2029 at a compound annual growth rate (CAGR) of 24.4%. The growth in the forecast period can be attributed to continued mobile device expansion, consumer demand for convenience and security, industry standards and interoperability, proliferation of iot devices, migration to cloud-based services. Major trends in the forecast period include continued R&D in authentication technologies, embrace of multi-factor authentication (MFA), focus on privacy-enhancing technologies, expansion of FIDO authentication standards, adoption of webauthn standard.

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What Are The Key Driving Factors For The Growth Of The Fast Identity Online (FIDO) Authentication Market?
The increase in cyber threats is expected to propel the growth of the fast identity online (FIDO) authentication market going forward. Cyber threats refer to potential dangers or risks posed by malicious activities to damage data with various activities and tactics targeting computer systems, networks, and digital information. FIDO authentication helps prevent cyber threats by eliminating passwords, providing strong authentication, and storing biometrics locally, with fast, secure logins powered by cryptographic credentials that never leave the user’s device. For instance, in November 2023, according to the 2023 ASD Cyber Threat Report by the Australian Signals Directorate, an Australia-based federal agency, during the 2022-23 financial year, ReportCyber received close to 94,000 cybercrime reports, marking a 23% rise compared to the 2021-22 financial year. Therefore, the increase in cyber threats is driving the growth of the FIDO authentication market.

Global Fast Identity Online (FIDO) Authentication Market Report Segmentation
The fast identity online (fido) authenticationmarket covered in this report is segmented –

1) By Authentication Type: Password Authentication, Biometric Authentication, Hardware Token-Based Authentication, Other Authentication Types
2) By Component: Fast Identity Online (FIDO) Authentication Devices, Fast Identity Online (FIDO) Authentication Software Development Kits (SDKs)
3) By Deployment Type: Cloud Based, On-Premises
4) By Organization Size: Small And Medium Size Enterprises, Large Size Enterprises
5) By End User: Banking And Finance, Healthcare, Government And Defense, E-Commerce, Information Technology And Telecommunications, Other End Users

Subsegments:
1) By Password Authentication: Traditional Passwords, Passwordless Solutions
2) By Biometric Authentication: Fingerprint Recognition, Facial Recognition, Iris Recognition
3) By Hardware Token-Based Authentication: USB Tokens, Smart Cards
4) By Other Authentication Types: One-Time Passwords (OTPs), Behavioral Authentication, Multi-Factor Authentication (MFA)

What Are The Key Trends And Market Opportunities In The Fast Identity Online (FIDO) Authentication Sector?
Major companies operating in the fast identity online (FIDO) authentication market are focusing on developing innovative technologies, such as cloud-based authentication solutions, to provide a reliable service to customers. A cloud-based authentication solution is a system that uses a cloud-based infrastructure to authenticate users. For instance, in March 2022, AuthenTrend Technology Inc., a Taiwan-based fingerprint-enabled authenticator company, launched AT.AuthFi for FIDO authentication. AT.AuthFi provides improved security, resistance to phishing attacks, and user convenience. It supports password-less login and two-factor authentication and offers a monthly billing cycle for usage. It is a fully manageable FIDO cloud server API and administration dashboard provided by AT.AuthFi gives administrators a more straightforward and explicit one-stop solution for FIDO integration, in addition to assisting employees, clients, or members of an organization to log in securely and conveniently without passwords on the browser.

Who Are The Leading Players In The Fast Identity Online (FIDO) Authentication Market?
Major companies operating in the fast identity online (FIDO) authentication market report are Google LLC, Microsoft Corporation, Amazon Web Services Inc., Deloitte Touche Tohmatsu Limited, Cisco Systems Inc., Advanced Card Systems Ltd., NEC Corporation, Vodacom Group Limited, EOH Holdings, IDEMIA, Gentex Corporation, HID Global Corporation, RSA Security LLC, ELAN Microelectronics Corporation, OneSpan, Yubico Inc., Feitian Technologies Co. Ltd., Axell Corporation, Duo Security Inc., Daon Inc., Entrust Datacard Corporation, Aware Inc., Azimuth Labs Pte Ltd., Bit4id s.r.l., BIO-key International Inc., HYPR Corp., Merchant logo Ensurity Technologies Private Limited, Nok Labs Inc., ByStamp, Accura Scan SDK

View the full fast identity online (fido) authentication market report here:
https://www.thebusinessresearchcompany.com/report/fast-identity-online-fido-authentication-global-market-report

Which Region Is Projected To Hold The Largest Market Share In The Global Fast Identity Online (FIDO) Authentication Market By 2029?
North America was the largest region in the Fast identity online (FIDO) authentication market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fast identity online (FIDO) authentication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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