Authentication Software Market SWOT and PEST Analysis 2021-2031
The Authentication Software Market is expected to register a CAGR of 17.4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Authentication Type (Single-Factor Authentication, Multi-Factor Authentication); Type (Password, Passwordless); Industry (IT and Telecom, BFSI, Healthcare, Government, Retail, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Authentication Software Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Authentication Software Market Segmentation
Authentication Type- Single-Factor Authentication
- Multi-Factor Authentication
- Password
- Passwordless
- IT and Telecom
- BFSI
- Healthcare
- Government
- Retail
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Authentication Software Market Growth Drivers- Need for continuous authentication: The growing need for continuous authentication supports users to detect and respond to unlawful access in real time. This further dramatically improves data security.
- Growing popularity of passwordless Authentication: Passwordless authentication is gaining popularity as a more safe and user-friendly option. This approach removes passwords and supports businesses to reduce phishing assaults and password breaches while improving user experience.
- Decentralized identity: Decentralized identity solutions based on blockchain technology are becoming a prominent trend. These technologies enable users to manage their own identity information, decreasing dependency on central authority.
- Demand for wearable authentication devices: Numerous wearable devices such as smartwatches, rings, and others are integrating with biometric sensors and secure authentication features, providing users with a simple and secure way to verify identity.
- Advancements in biometrics: Biometric authentication continues to advance in terms of accuracy, speed, and usefulness. Biometric sensors and algorithms are evolving to make facial recognition, fingerprint scanning, and voice recognition more reliable and less intrusive. Manufacturers focus on developing and combining numerous biometric factors for a single authentication process. This offers an additional layer of security.
- Integration of AI and ML technologies: Artificial intelligence (AI) and machine learning (ML) are revolutionizing authentication methods. AI-powered authentication devices can respond fast to new threats, providing dynamic and powerful protections against cyberattacks.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Authentication Software Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Authentication Software Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Authentication Software Market is estimated to witness a CAGR of 17.4% from 2023 to 2031
The need for continuous authentication and the growing popularity of passwordless authentication are the major factors driving the authentication software market.
Decentralized identity and demand for wearable authentication devices are likely to remain a key trend in the market.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Authentication Software Market - By Subscription Type
1.3.2Authentication Software Market - By Platform
1.3.3Authentication Software Market - By End-User
1.3.4Authentication Software Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.AUTHENTICATION SOFTWARE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.AUTHENTICATION SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.AUTHENTICATION SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1.AUTHENTICATION SOFTWARE - GLOBAL MARKET OVERVIEW
6.2.AUTHENTICATION SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.AUTHENTICATION SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 " SUBSCRIPTION TYPE
7.1.OVERVIEW
7.2.SUBSCRIPTION TYPE MARKET FORECASTS AND ANALYSIS
7.3.ONE TIME SUBSCRIPTION
7.3.1.Overview
7.3.2.One Time Subscription Market Forecast and Analysis
7.4.MONTHLY SUBSCRIPTION
7.4.1.Overview
7.4.2.Monthly Subscription Market Forecast and Analysis
7.5.YEARLY SUBSCRIPTION
7.5.1.Overview
7.5.2.Yearly Subscription Market Forecast and Analysis
8.AUTHENTICATION SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 " PLATFORM
8.1.OVERVIEW
8.2.PLATFORM MARKET FORECASTS AND ANALYSIS
8.3.IOS
8.3.1.Overview
8.3.2.iOS Market Forecast and Analysis
8.4.ANDROID
8.4.1.Overview
8.4.2.Android Market Forecast and Analysis
8.5.MACOS
8.5.1.Overview
8.5.2.MacOS Market Forecast and Analysis
8.6.WINDOWS
8.6.1.Overview
8.6.2.Windows Market Forecast and Analysis
8.7.LINUX
8.7.1.Overview
8.7.2.Linux Market Forecast and Analysis
9.AUTHENTICATION SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 " END-USER
9.1.OVERVIEW
9.2.END-USER MARKET FORECASTS AND ANALYSIS
9.3.INDIVIDUAL
9.3.1.Overview
9.3.2.Individual Market Forecast and Analysis
9.4.COMMERCIAL
9.4.1.Overview
9.4.2.Commercial Market Forecast and Analysis
10.AUTHENTICATION SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Authentication Software Market Overview
10.1.2North America Authentication Software Market Forecasts and Analysis
10.1.3North America Authentication Software Market Forecasts and Analysis - By Subscription Type
10.1.4North America Authentication Software Market Forecasts and Analysis - By Platform
10.1.5North America Authentication Software Market Forecasts and Analysis - By End-User
10.1.6North America Authentication Software Market Forecasts and Analysis - By Countries
10.1.6.1United States Authentication Software Market
10.1.6.1.1United States Authentication Software Market by Subscription Type
10.1.6.1.2United States Authentication Software Market by Platform
10.1.6.1.3United States Authentication Software Market by End-User
10.1.6.2Canada Authentication Software Market
10.1.6.2.1Canada Authentication Software Market by Subscription Type
10.1.6.2.2Canada Authentication Software Market by Platform
10.1.6.2.3Canada Authentication Software Market by End-User
10.1.6.3Mexico Authentication Software Market
10.1.6.3.1Mexico Authentication Software Market by Subscription Type
10.1.6.3.2Mexico Authentication Software Market by Platform
10.1.6.3.3Mexico Authentication Software Market by End-User
10.2.EUROPE
10.2.1Europe Authentication Software Market Overview
10.2.2Europe Authentication Software Market Forecasts and Analysis
10.2.3Europe Authentication Software Market Forecasts and Analysis - By Subscription Type
10.2.4Europe Authentication Software Market Forecasts and Analysis - By Platform
10.2.5Europe Authentication Software Market Forecasts and Analysis - By End-User
10.2.6Europe Authentication Software Market Forecasts and Analysis - By Countries
10.2.6.1Germany Authentication Software Market
10.2.6.1.1Germany Authentication Software Market by Subscription Type
10.2.6.1.2Germany Authentication Software Market by Platform
10.2.6.1.3Germany Authentication Software Market by End-User
10.2.6.2France Authentication Software Market
10.2.6.2.1France Authentication Software Market by Subscription Type
10.2.6.2.2France Authentication Software Market by Platform
10.2.6.2.3France Authentication Software Market by End-User
10.2.6.3Italy Authentication Software Market
10.2.6.3.1Italy Authentication Software Market by Subscription Type
10.2.6.3.2Italy Authentication Software Market by Platform
10.2.6.3.3Italy Authentication Software Market by End-User
10.2.6.4United Kingdom Authentication Software Market
10.2.6.4.1United Kingdom Authentication Software Market by Subscription Type
10.2.6.4.2United Kingdom Authentication Software Market by Platform
10.2.6.4.3United Kingdom Authentication Software Market by End-User
10.2.6.5Russia Authentication Software Market
10.2.6.5.1Russia Authentication Software Market by Subscription Type
10.2.6.5.2Russia Authentication Software Market by Platform
10.2.6.5.3Russia Authentication Software Market by End-User
10.2.6.6Rest of Europe Authentication Software Market
10.2.6.6.1Rest of Europe Authentication Software Market by Subscription Type
10.2.6.6.2Rest of Europe Authentication Software Market by Platform
10.2.6.6.3Rest of Europe Authentication Software Market by End-User
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Authentication Software Market Overview
10.3.2Asia-Pacific Authentication Software Market Forecasts and Analysis
10.3.3Asia-Pacific Authentication Software Market Forecasts and Analysis - By Subscription Type
10.3.4Asia-Pacific Authentication Software Market Forecasts and Analysis - By Platform
10.3.5Asia-Pacific Authentication Software Market Forecasts and Analysis - By End-User
10.3.6Asia-Pacific Authentication Software Market Forecasts and Analysis - By Countries
10.3.6.1Australia Authentication Software Market
10.3.6.1.1Australia Authentication Software Market by Subscription Type
10.3.6.1.2Australia Authentication Software Market by Platform
10.3.6.1.3Australia Authentication Software Market by End-User
10.3.6.2China Authentication Software Market
10.3.6.2.1China Authentication Software Market by Subscription Type
10.3.6.2.2China Authentication Software Market by Platform
10.3.6.2.3China Authentication Software Market by End-User
10.3.6.3India Authentication Software Market
10.3.6.3.1India Authentication Software Market by Subscription Type
10.3.6.3.2India Authentication Software Market by Platform
10.3.6.3.3India Authentication Software Market by End-User
10.3.6.4Japan Authentication Software Market
10.3.6.4.1Japan Authentication Software Market by Subscription Type
10.3.6.4.2Japan Authentication Software Market by Platform
10.3.6.4.3Japan Authentication Software Market by End-User
10.3.6.5South Korea Authentication Software Market
10.3.6.5.1South Korea Authentication Software Market by Subscription Type
10.3.6.5.2South Korea Authentication Software Market by Platform
10.3.6.5.3South Korea Authentication Software Market by End-User
10.3.6.6Rest of Asia-Pacific Authentication Software Market
10.3.6.6.1Rest of Asia-Pacific Authentication Software Market by Subscription Type
10.3.6.6.2Rest of Asia-Pacific Authentication Software Market by Platform
10.3.6.6.3Rest of Asia-Pacific Authentication Software Market by End-User
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Authentication Software Market Overview
10.4.2Middle East and Africa Authentication Software Market Forecasts and Analysis
10.4.3Middle East and Africa Authentication Software Market Forecasts and Analysis - By Subscription Type
10.4.4Middle East and Africa Authentication Software Market Forecasts and Analysis - By Platform
10.4.5Middle East and Africa Authentication Software Market Forecasts and Analysis - By End-User
10.4.6Middle East and Africa Authentication Software Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Authentication Software Market
10.4.6.1.1South Africa Authentication Software Market by Subscription Type
10.4.6.1.2South Africa Authentication Software Market by Platform
10.4.6.1.3South Africa Authentication Software Market by End-User
10.4.6.2Saudi Arabia Authentication Software Market
10.4.6.2.1Saudi Arabia Authentication Software Market by Subscription Type
10.4.6.2.2Saudi Arabia Authentication Software Market by Platform
10.4.6.2.3Saudi Arabia Authentication Software Market by End-User
10.4.6.3U.A.E Authentication Software Market
10.4.6.3.1U.A.E Authentication Software Market by Subscription Type
10.4.6.3.2U.A.E Authentication Software Market by Platform
10.4.6.3.3U.A.E Authentication Software Market by End-User
10.4.6.4Rest of Middle East and Africa Authentication Software Market
10.4.6.4.1Rest of Middle East and Africa Authentication Software Market by Subscription Type
10.4.6.4.2Rest of Middle East and Africa Authentication Software Market by Platform
10.4.6.4.3Rest of Middle East and Africa Authentication Software Market by End-User
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Authentication Software Market Overview
10.5.2South and Central America Authentication Software Market Forecasts and Analysis
10.5.3South and Central America Authentication Software Market Forecasts and Analysis - By Subscription Type
10.5.4South and Central America Authentication Software Market Forecasts and Analysis - By Platform
10.5.5South and Central America Authentication Software Market Forecasts and Analysis - By End-User
10.5.6South and Central America Authentication Software Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Authentication Software Market
10.5.6.1.1Brazil Authentication Software Market by Subscription Type
10.5.6.1.2Brazil Authentication Software Market by Platform
10.5.6.1.3Brazil Authentication Software Market by End-User
10.5.6.2Argentina Authentication Software Market
10.5.6.2.1Argentina Authentication Software Market by Subscription Type
10.5.6.2.2Argentina Authentication Software Market by Platform
10.5.6.2.3Argentina Authentication Software Market by End-User
10.5.6.3Rest of South and Central America Authentication Software Market
10.5.6.3.1Rest of South and Central America Authentication Software Market by Subscription Type
10.5.6.3.2Rest of South and Central America Authentication Software Market by Platform
10.5.6.3.3Rest of South and Central America Authentication Software Market by End-User
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.AUTHENTICATION SOFTWARE MARKET, KEY COMPANY PROFILES
12.1.AUTHO INC.
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.AUTHX
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.AVATIER
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.DUO
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.GOOGLE LLC
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.GOOGLE LLC
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.PING IDENTITY
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.RSA SECURITY LLC
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.TWILIO, INC(AUTHY)
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.EMUDHRA
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
1. Autho Inc.
2. Authx
3. Avatier
4. Duo
5. Google LLC
6. Google LLC
7. Ping Identity
8. RSA Security LLC
9. TWILIO, INC(Authy)
10. eMudhra
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.