Advanced Authentication Market

Executive Summary

Advanced Authentication Market was valued at US $11.08 billion in 2021 and is projected to grow at 13.65% CAGR over the forecast period to reach US $23.87 billion by 2027. Advanced Authentication Market represented US $2.50 billion opportunity over 2019-2021 and estimated to create US $12.79 billion opportunity in 2027 over 2021.

Advanced Authentication from Consainsights analyses the Advanced Authentication Market in the Technology & Media industry over the forecast period to 2027.

Advanced Authentication research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Advanced Authentication segmentation includes Authentication Methods, End-user Industry and Geography.

Based on the Authentication Methods, the Advanced Authentication analysis covers Smart Cards, Biometrics, Mobile Smart Credentials, Tokens, User-based Public Key Infrastructure, Other Authentication Methods.

In Authentication Methods segment, Mobile Smart Credentials segment has highest cagr growth of 12.04%.

Based on the End-user Industry, the Advanced Authentication analysis covers BFSI, Healthcare, Government, Defense, IT and Telecom, Other End-user Industries.

In End-user Industry segment, BFSI segment has highest cagr growth of 12.04%.

Based on the region, the Advanced Authentication analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Fujitsu Ltd., Thales Group (Gemalto NV), NEC Corp., Broadcom Inc. (CA Technologies), Safran Identity and Security SAS, Dell Technologies Inc., Lumidigm Inc., Validsoft, Pistolstar, Securenvoy and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Authentication Methods

Introduction

In 2021, Smart Cards segment has the highest revenue of US $4.45 billion and is expected to grow at CAGR of 12.04% by 2027 Mobile Smart Credentials segment has highest cagr growth of 12.04%.

Smart Cards

Smart Cards segment was valued at US $3.45 billion in 2019 and is projected to grow at 12.04% CAGR over the forecast period to reach US $9.60 billion by 2027. Smart Cards segment represented US $1.01 billion opportunity over 2019-2021 and estimated to create US $5.14 billion opportunity in 2027 over 2021.

Biometrics

Biometrics segment was valued at US $2.28 billion in 2019 and is projected to grow at 12.04% CAGR over the forecast period to reach US $6.34 billion by 2027. Biometrics segment represented US $0.66 billion opportunity over 2019-2021 and estimated to create US $3.40 billion opportunity in 2027 over 2021.

Mobile Smart Credentials

Mobile Smart Credentials segment was valued at US $1.08 billion in 2019 and is projected to grow at 12.04% CAGR over the forecast period to reach US $3.00 billion by 2027. Mobile Smart Credentials segment represented US $0.31 billion opportunity over 2019-2021 and estimated to create US $1.61 billion opportunity in 2027 over 2021.

Tokens

Tokens segment was valued at US $0.96 billion in 2019 and is projected to grow at 12.04% CAGR over the forecast period to reach US $2.67 billion by 2027. Tokens segment represented US $0.28 billion opportunity over 2019-2021 and estimated to create US $1.43 billion opportunity in 2027 over 2021.

User-based Public Key Infrastructure

User-based Public Key Infrastructure segment was valued at US $0.54 billion in 2019 and is projected to grow at 12.04% CAGR over the forecast period to reach US $1.51 billion by 2027. User-based Public Key Infrastructure segment represented US $0.16 billion opportunity over 2019-2021 and estimated to create US $0.81 billion opportunity in 2027 over 2021.

Other Authentication Methods

Other Authentication Methods segment was valued at US $0.27 billion in 2019 and is projected to grow at 12.04% CAGR over the forecast period to reach US $0.76 billion by 2027. Other Authentication Methods segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.41 billion opportunity in 2027 over 2021.

End-user Industry

Introduction

In 2021, BFSI segment has the highest revenue of US $4.44 billion and is expected to grow at CAGR of 12.04% by 2027 BFSI segment has highest cagr growth of 12.04%.

BFSI

BFSI segment was valued at US $3.44 billion in 2019 and is projected to grow at 12.04% CAGR over the forecast period to reach US $9.56 billion by 2027. BFSI segment represented US $1.00 billion opportunity over 2019-2021 and estimated to create US $5.12 billion opportunity in 2027 over 2021.

Healthcare

Healthcare segment was valued at US $1.99 billion in 2019 and is projected to grow at 12.04% CAGR over the forecast period to reach US $5.55 billion by 2027. Healthcare segment represented US $0.58 billion opportunity over 2019-2021 and estimated to create US $2.97 billion opportunity in 2027 over 2021.

Government

Government segment was valued at US $1.56 billion in 2019 and is projected to grow at 12.04% CAGR over the forecast period to reach US $4.35 billion by 2027. Government segment represented US $0.46 billion opportunity over 2019-2021 and estimated to create US $2.33 billion opportunity in 2027 over 2021.

Defense

Defense segment was valued at US $0.74 billion in 2019 and is projected to grow at 12.04% CAGR over the forecast period to reach US $2.07 billion by 2027. Defense segment represented US $0.22 billion opportunity over 2019-2021 and estimated to create US $1.11 billion opportunity in 2027 over 2021.

IT and Telecom

IT and Telecom segment was valued at US $0.66 billion in 2019 and is projected to grow at 12.04% CAGR over the forecast period to reach US $1.84 billion by 2027. IT and Telecom segment represented US $0.19 billion opportunity over 2019-2021 and estimated to create US $0.98 billion opportunity in 2027 over 2021.

Other End-user Industries

Other End-user Industries segment was valued at US $0.18 billion in 2019 and is projected to grow at 12.04% CAGR over the forecast period to reach US $0.51 billion by 2027. Other End-user Industries segment represented US $0.05 billion opportunity over 2019-2021 and estimated to create US $0.27 billion opportunity in 2027 over 2021.