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Global Advanced Authentication Market is to reach USD XX billion by the end of 2029

Global Advanced Authentication Market Size study & Forecast, by Authentication Method (Biometric, Smart Card, Mobile Smart Credentials) and Regional Analysis, 2022-2029

Product Code: ICTNGT-28422317
Publish Date: 20-03-2023
Page: 200

Global Advanced Authentication Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than 20.3% over the forecast period 2022-2029. Advanced Authentication uses biometrics, smart card, and mobile smart credentials methods to greatly enhance the authentication process for system and data security. Advanced authentication makes it more difficult for a threat hacker to impersonate a legitimate user and get into the system. Advanced Authentication is greatly practised in public sector enterprises for the security of data and information. Advanced authentication such as biometrics systems allows public sector enterprises to verify the identity of the system users and protect the system from prevailing threats of hacking and fraud. Passwords and fingerprints are some common factors used for authentication purposes. Increasing data breaches, growing demand for authentication and identification increasing innovations in advanced authentication methods, and a growing number of hackers are the major factors driving the growth of the Advanced Authentication Market.

An increasing number of hackers led to an increase in data breaches. According to the Research Department, during the third quarter of 2022, around 15 million database files were leaked globally through data breaches, experiencing an increase of 37% in the next quarter. The market for biometric authentication and identification, which was estimated to be worth over 3.5 billion dollars in 2020, is most valuable to public sector businesses. According to Justina-Alexandra Sava (a research expert in the global IT security market), the market for authentication and identification is expected to grow to around $8.8 billion in the forecast period. Increasing data breaches and growing demand for authentication and identification are the major factors contributing to the growth of the market. Another important component driving market increase is Increasing innovations in advanced authentication methods, and a growing number of hackers. Furthermore, growing digital transformation and increasing demand for cloud-based services are the factors creating major market opportunities in the forecast period. However, the Obligation for continuous innovation stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Advanced Authentication Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, and development of government owing to the dominance of hacking incidents and the region’s increasing demand for authentication. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising cyber-attacks on government and increasing demand for authentication. For Instance, according to Leander von Kameke (Research Expert), in September 2018, there were around 34% of service-specific attacks in the region.

Major market player included in this report are:
NetMotion Software, Inc
CJIS Solutions
MicroFocus International PLC
Auth0 inc.
WideBand Corporation
Fujitsu Ltd
Thales Group (Gemalto NV)
NEC Corporation
Broadcom Inc. (CA Technologies Inc.)
Dell Inc
Recent Developments in the Market:
 In November 2022, A multimodal biometric identification system was unveiled by NEC Corporation and contains the top iris and face recognition technology which has been recognized as best by the US National Institute of Standards and Technology (NIST).
 In January 2020, Thales, a global pioneer in digital security, is enhancing the performance of its Biometric Matching System (BMS) while lowering its environmental effect by utilizing cutting-edge aerospace-related resources.
 Global Advanced Authentication Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Authentication Method, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Authentication method offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Authentication Method:
Smart Card
Mobile Smart Credentials

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Advanced Authentication Market, by Region, 2019-2029 (USD Billion)
1.2.2. Advanced Authentication Market, by Authentication Method, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Advanced Authentication Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Advanced Authentication Market Dynamics
3.1. Advanced Authentication Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing data breaches Increasing demand for biometric authentication and identification
3.1.2. Market Challenges Obligation for the continuous innovation
3.1.3. Market Opportunities Growing digital transformation Increasing demand for cloud-based services
Chapter 4. Global Advanced Authentication Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Advanced Authentication Market, by Authentication Method
6.1. Market Snapshot
6.2. Global Advanced Authentication Market by Authentication Method, Performance – Potential Analysis
6.3. Global Advanced Authentication Market Estimates & Forecasts by Authentication Method 2019-2029 (USD Billion)
6.4. Advanced Authentication Market, Sub Segment Analysis
6.4.1. Biometric
6.4.2. Smart Card
6.4.3. Mobile Smart Credentials
Chapter 7. Global Advanced Authentication Market, Regional Analysis
7.1. Advanced Authentication Market, Regional Market Snapshot
7.2. North America Advanced Authentication Market
7.2.1. U.S. Advanced Authentication Market Authentication Method breakdown estimates & forecasts, 2019-2029
7.2.2. Canada Advanced Authentication Market
7.3. Europe Advanced Authentication Market Snapshot
7.3.1. U.K. Advanced Authentication Market
7.3.2. Germany Advanced Authentication Market
7.3.3. France Advanced Authentication Market
7.3.4. Spain Advanced Authentication Market
7.3.5. Italy Advanced Authentication Market
7.3.6. Rest of Europe Advanced Authentication Market
7.4. Asia-Pacific Advanced Authentication Market Snapshot
7.4.1. China Advanced Authentication Market
7.4.2. India Advanced Authentication Market
7.4.3. Japan Advanced Authentication Market
7.4.4. Australia Advanced Authentication Market
7.4.5. South Korea Advanced Authentication Market
7.4.6. Rest of Asia Pacific Advanced Authentication Market
7.5. Latin America Advanced Authentication Market Snapshot
7.5.1. Brazil Advanced Authentication Market
7.5.2. Mexico Advanced Authentication Market
7.6. Rest of The World Advanced Authentication Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. NetMotion Software, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. CJIS Solutions
8.2.3. MicroFocus International PLC
8.2.4. Auth0 inc.
8.2.5. WideBand Corporation
8.2.6. Ltd
8.2.7. Thales Group (Gemalto NV)
8.2.8. NEC Corporation
8.2.9. Broadcom Inc. (CA Technologies Inc.)
8.2.10. Dell Inc
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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