According to HTF MI, “Global Authentication Software Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030”. The Global Authentication Software Market is anticipated to grow at a compound annual growth rate (CAGR) of 15.6% from 2024 to 2030, reaching USD 12.9 Billion in 2024 and USD 26.7 Billion by 2030.
Authentication software refers to the technology or software solutions that are used to verify and authenticate the identity of users accessing systems, networks, or applications.
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Key and developing players who have been highlighted as part of the coverage include Daon Inc. (United States), TECH5 Inc. (United States), Okta, Inc. (United States), RSA Security LLC (United States), Ping Identity Corporation (United States), Gemalto (Netherlands), HID Global (Ireland), Vasco Data Security (Belgium), HCL Technologies (India), OneSpan (Switzerland) are some of the key players that are part of study coverage. Additionally, the players which are also part of the research coverage are Signicat (Norway), Ping Identity (United Kingdom), Ant Group (China), China Digital Video Holding (CDV) (China).
Authentication Software
Market Drivers
- Increasing Cybersecurity Threats
- Adoption of Cloud Computing
Market Trend
- Growing adoption of multi-factor authentication
- Rise of biometric authentication
Market Opportunities
- Healthcare organizations may require strong authentication for accessing electronic health records.
- Easily interfaces with current IT infrastructure, identity management systems, and other security solutions.
Market Restraints
- Strict compliance and regulatory frameworks.
- Advancements in technology and emerging security threats.
Market Challenges
- Uncertainty and Pushback from End Users
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Key Market Segmentation:
The report has categorized the Authentication Software market based on type, distribution channel, and region.
Market Breakdown by Applications:
- Two Factor Authentication, Multi Factor Authentication, Single Factor Authentication
Market Breakdown by Types:
- IT and Telecomm, Healthcare, Government, Defense and Surveillance, Others
Report Scope
The Market size value in 2024 (USD 12.9 Billion)
Revenue Forecast by 2033 (USD 26.7 Billion)
Growth Rate CAGR Of (15.6%)
Historical Years (2019-2023)
Base Year (2023)
Estimated Year (2024)
Short-Term Projection Year (2030)
Regions Covered (North America, Europe, the Middle East and Africa, Latin America, and the rest of the world)
Note: With the help of the Growth Overview Charts, Historical Period Analysis, Forecast Period Analysis, Main Market Segmentation, Leading Key Market Players, TOC, List of Figures, and List of Tables in this report, you can get a thorough overview of the market.
Competitive Landscape:
Along with studying the profiles of the key players, the industry’s competitive environment has also been examined. Players profiled are Daon Inc. (United States), TECH5 Inc. (United States), Okta, Inc. (United States), RSA Security LLC (United States), Ping Identity Corporation (United States), Gemalto (Netherlands), HID Global (Ireland), Vasco Data Security (Belgium), HCL Technologies (India), OneSpan (Switzerland) are some of the key players that are part of study coverage. Additionally, the players which are also part of the research coverage are Signicat (Norway), Ping Identity (United Kingdom), Ant Group (China), China Digital Video Holding (CDV) (China)
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Key highlights of the report:
- Authentication Software Market Performance (2019-2023)
- Authentication Software Market Outlook (2024-2030)
- Authentication Software Market Trends
- Authentication Software Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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