Global FIDO Authentication Market Report and Forecast 2025-2034

Global FIDO Authentication Market Outlook

The global FIDO authentication market is projected to grow at a CAGR of 15.8% between 2024 and 2032.

Key Trends in the Market

FIDO authentication refers to a standardised authentication protocol which is designed to protect user privacy without any password system. The database of FIDO stores personally identifiable information, such as biometric data, to strengthen the user’s security.

• The increasing application of FIDO authentication in the healthcare sector to protect patient data and prevent hospital systems from getting attacked is driving the FIDO authentication market growth.

• A swift transition from traditional password-based security systems towards FIDO authentication to raise the security standards and enhance the convenience of end-users is further heightening the adoption of cloud-based FIDO authentication software.

• The surging focus to reduce reliance on passwords, rising concerns regarding the high costs of passwords among service providers, and the increasing incidences of phishable authentication and password breaches are expected to drive the demand for FIDO authentication solutions in the coming years.

Market Analysis

Based on component, the FIDO authentication market segmentations include FIDO authentication devices and FIDO authentication SDKs. On the basis of deployment type, the market is classified into cloud based and on-premises. By organisation size, the market is divided into small and medium size enterprises and large size enterprises. Based on authentication type, the market is categorised into password authentication, biometric authentication, and hardware token-based authentication, among others.

By end use, the market is segmented into banking and finance, healthcare, government and defence, e-commerce, and IT and telecommunications, among others. The major regional markets for FIDO authentication include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global FIDO authentication market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Yubico Inc.

• Assa Abloy

• Feitian Technologies Co., Ltd.

• Cisco Systems, Inc.

• One Span Inc.

• RSA Security LLC

• Nok Nok Labs, Inc.

• Aware, Inc.

• SurePassID, Corp.

• CyberArk Software Ltd.

• Others

FIDO Authentication Market Share by Authentication Type

Biometric authentication accounts for a significant share of the market for FIDO authentication. This can be attributed to the faster authentication, higher convenience, greater accuracy and flexibility, better scalability, and enhanced access control, among other advantages offered by this system.

In addition, FIDO biometric authentication enhances the security standards of businesses using physical traits, which is fuelling the segment’s growth.

Market Share by Region

North America holds a significant share of the FIDO Authentication market. The increasing prevalence of data breaches and identity theft, among other cybercrimes, is driving the market growth in the region.

A strong foothold of FIDO authentication vendors and software development companies across well-established economies, like the United States and Canada, is leading to progressive innovations in the field of FIDO authentication.

Competitive Landscape

Yubico Inc. is a company which offers services related to authentication, computer login, software development, and cloud-based security solutions. It was founded in 2007 and is headquartered in California, the United States.

Assa Abloy is a conglomerate which offers products and services related to locks, doors, gates, and entrance automation, among others. The company was founded in 1994 and is headquartered in Stockholm, Sweden.

Feitian Technologies Co., Ltd. is a leading global provider of cyber security solutions and products, such as FIDO and smartcard authentication. It was established in 1998 and is headquartered in Beijing, China.

Other market players include Cisco Systems, Inc., One Span Inc., RSA Security LLC, Nok Nok Labs, Inc., Aware, Inc., SurePassID, Corp., and CyberArk Software Ltd., among others.

Key Highlights of the Report