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The latest report published by IMARC Group, titled“ Advanced Authentication Market: Global industry Trends, Share, Size, Growth, Opportunity and Forecast
2024-2032 ”, offers a comprehensive analysis of the industry, which comprises insights on
advanced authentication market
report . The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global advanced authentication market size reached US$ 16.4 Billion in 2023. Looking forward, IMARC Group expects the
market to reach US$ 45.9 Billion by 2032, exhibiting a growth rate (CAGR) of 11.8% during 2024-2032.
Advanced authentication, a critical component in the realm of cybersecurity, represents a set of techniques and solutions designed to enhance the security of digital identities and protect sensitive data. It encompasses a wide range of methods and technologies that go beyond traditional password-based authentication to ensure that only authorized individuals gain access to digital systems and resources. Types of advanced authentication methods include biometrics (such as fingerprint or facial recognition), multi-factor authentication (MFA), smart cards, and behavioral analytics. One of the primary advantages of advanced authentication is its ability to bolster security significantly. Unlike traditional passwords, which can be susceptible to theft or hacking, advanced authentication methods provide an additional layer of protection by requiring users to present multiple forms of identification. Additionally, it enhances user convenience by minimizing the need to remember complex passwords, thus improving the overall user experience.
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Market Trends:
The global market is experiencing rapid growth, driven by the escalating threats of cyberattacks and data breaches, compelling businesses and institutions to fortify their security measures. Along with this, multi-factor authentication, in particular, is gaining traction as it provides a formidable defense against unauthorized access. In addition, the proliferation of mobile devices and the expansion of remote work are influencing the need for secure access control and the demand for biometric authentication methods, such as fingerprint and facial recognition, which offer both security and user convenience. Moreover, regulatory requirements and compliance mandates are placing stringent obligations on organizations to safeguard personal and sensitive data. This is leading to a rise in the implementation of advanced authentication solutions to meet these regulatory standards. Apart from this, the ongoing advancements in technology, including the integration of AI and machine learning in authentication processes, are propelling the market, promising even higher levels of security and adaptability.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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
Advanced Authentication
Market Segmentation:
Our report has categorized the market based on region, authentication methods, deployment, solution and end-user industry.
Authentication Methods Insights:
Smart Cards Biometrics Mobile Smart Credentials Tokens User-Based Public Key Infrastructure Other Authentication Methods
Deployment Insights:
Solution Insights:
Single-Factor Authentication Multi-Factor Authentication
End-User Industry Insights:
Banking and Financial Services Healthcare Government Defense IT and Telecom Others
Breakup by Region:
North America (United States, Canada) Europe (Germany, France, United Kingdom, Italy, Spain, Others) Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others) Latin America (Brazil, Mexico, Others) Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
Market Performance (2018-2023) Market Outlook (2024-2032) Porter's Five Forces Analysis Market Drivers and Success Factors SWOT Analysis Value Chain Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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