Authentication Services Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

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  • Number of Pages: 250
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Market Snapshot

CAGR:5.75
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 5.75
Information & Technology-companies
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Report Overview

The Authentication Services Market is expected to grow at a CAGR of 14.37% between 2022 and 2032. The market size is estimated to increase by USD 5,432.10 million during this period. Authentication services provide secure access control to digital resources and systems, safeguarding user identities and preventing unauthorized access.

Authentication Services Market Overview:

Drivers:

The increasing importance of data security and compliance is a key driver of the authentication services market. Organizations require robust authentication solutions to protect sensitive data, meet regulatory requirements, and prevent data breaches.

Moreover, the rise of remote work and cloud adoption is accelerating market growth. Authentication services enable secure remote access to corporate networks and cloud-based applications, ensuring business continuity and productivity.

Trends:

The adoption of multi-factor authentication (MFA) and biometric authentication is a prominent trend shaping the market. MFA enhances security by requiring multiple authentication factors, while biometric authentication uses unique physical or behavioral traits for identity verification.

Additionally, the integration of passwordless authentication methods is influencing market adoption. Passwordless solutions eliminate the reliance on traditional passwords, enhancing convenience and security.

Restraints:

Challenges related to user experience, interoperability, and cost can restrain the authentication services market growth. Balancing security with user-friendly authentication methods is essential to avoid frustrating user experiences.

Furthermore, the complexity of managing various authentication methods and integrating them into existing systems can be a barrier. Organizations must ensure seamless interoperability while implementing new authentication solutions.

Authentication Services Market Segmentation by Type: The "Multi-Factor Authentication (MFA)" segment is expected to witness significant growth within the authentication services market. MFA combines multiple authentication factors, enhancing security beyond traditional username and password.

Authentication Services Market Segmentation by Application: The "Finance" segment is anticipated to experience substantial growth. Authentication services are critical in the finance sector to prevent fraud, secure transactions, and comply with regulatory requirements.

Regional Overview:


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North America is projected to contribute significantly to the global authentication services market, accounting for 38% of the market's growth during the forecast period. The region's advanced cybersecurity landscape, regulatory environment, and adoption of digital services drive its leadership in the market.

The increasing prevalence of cyber threats and data breaches underscores the need for robust authentication solutions, boosting market demand.

Authentication Services Market Customer Landscape: The report covers the customer adoption lifecycle, analyzing the factors influencing the adoption of authentication services, from early adopters to more risk-averse users. It includes regional adoption trends and price sensitivity drivers, aiding companies in refining their growth strategies.

Major Authentication Services Market Companies: Companies within the authentication services market are employing various strategies, including partnerships, integrating with identity and access management (IAM) solutions, and focusing on adaptive authentication, to strengthen their market presence.

  • Okta, Inc.: Okta offers an identity and access management platform that includes multi-factor authentication, single sign-on, and adaptive authentication capabilities.
  • RSA Security LLC: RSA provides authentication solutions that leverage risk-based authentication and behavioral analytics to enhance security while minimizing user friction.

The competitive landscape analysis includes insights into 10 key market players, including:

  • Microsoft Corporation
  • Cisco Systems, Inc.
  • Duo Security, Inc. (Cisco)
  • Gemalto N.V. (Thales Group)
  • OneLogin, Inc.
  • HID Global Corporation
  • Ping Identity Corporation
  • Entrust Datacard Corporation
  • SecureAuth Corporation
  • ForgeRock, Inc.

Segment Overview:

The authentication services market report forecasts revenue growth globally, regionally, and at the country level, providing analyses of trends and growth opportunities from 2019 to 2032.

  • Type Outlook (USD Million, 2019 - 2032)
    • Multi-Factor Authentication (MFA)
    • Biometric Authentication
    • Single-Factor Authentication
    • Others
  • Application Outlook (USD Million, 2019 - 2032)
    • Finance
    • IT & Telecom
    • Healthcare
    • E-commerce
    • Others
  • Geography Outlook (USD Million, 2019 - 2032)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Brazil
      • Argentina
      • Chile
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

TABLE OF CONTENTS: GLOBAL Authentication Services MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition   

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Authentication Services MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Authentication Services Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Authentication Services MARKET BY type landscape

SIGHTS & TRENDS                                                               

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Single Factor Authentication

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Multi Factor Authentication

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Authentication Services MARKET BY Deployment INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Cloud

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 On-Premise

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Authentication Services MARKET REGIONAL OUTLOOK

7.1. Authentication Services Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Authentication Services Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Authentication Services Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Authentication Services Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Authentication Services Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Authentication Services Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Authentication Services Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Authentication Services Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Authentication Services Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Authentication Services Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Authentication Services Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Authentication Services Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Authentication Services Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Authentication Services Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Authentication Services Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Authentication Services Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Authentication Services Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Authentication Services Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Authentication Services Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Authentication Services Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Authentication Services Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Authentication Services Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Authentication Services Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Authentication Services Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Authentication Services Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Authentication Services Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Authentication Services Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Authentication Services Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Authentication Services Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Authentication Services Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Authentication Services Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Authentication Services Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Authentication Services Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Authentication Services Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Authentication Services Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Authentication Services Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Authentication Services Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Authentication Services Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Authentication Services Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Authentication Services Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Authentication Services Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Authentication Services Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Authentication Services Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Authentication Services Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Authentication Services Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Authentication Services Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Authentication Services Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Authentication Services Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Authentication Services Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Authentication Services Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Authentication Services Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Authentication Services Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Authentication Services Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Authentication Services Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Authentication Services Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Authentication Services Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Authentication Services Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Authentication Services Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Entrust Datacard Corporation

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 Tata Communications

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Verizon Communications Inc

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Thales Group

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 CA Technology, Inc. (Broadcom Inc)

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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