A recent market study published by Future Market Insights (FMI) on the FIDO authentication market includes a global industry analysis for 2016-2020 and opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
The FIDO authentication solutions revenue totalled ~US$ 849.6 Mn in 2020, according to Future Market Insights (FMI). The overall market is expected to reach ~US$ 8.0 Bn by 2031, growing at a CAGR of 22.8% for 2021 – 31. The demand for FIDO authentication solutions will continue accelerating, increasing competition prevalent in the market. FMI has forecast the top 5 providers to account for around 69.4% of total market in 2020.
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COVID-19 Impact Analysis on FIDO Authentication Market
While ensuring employee safety and business continuity remained paramount, public companies were simultaneously challenged by a sudden decline in consumer demand, a continuing halt or reduction in onsite activities, and global supply chain issues, which began in China shortly before impacting services in Europe and the Americas regions.
Report includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Aware, Inc., OneSpan, HYPR Corp, Yubico, Daon, Thales Group, RSA Security LLC, Movenda, Nok Nok Labs, Inc., Bluink Ltd., Century Longmai Technology Co., Ltd., Raonsecure Co., Ltd., International Systems Research Co. (ISR), Hypersecu Information Systems, Inc. among others.
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FIDO Authentication Outlook by Category
Key Takeaways: FIDO Authentication Market
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Key Points Covered in FIDO Authentication Market Survey
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