FIDO Authentication Market Report and Forecast 2025-2034

The global FIDO authentication market is projected to grow at a CAGR of 15.80% between 2025 and 2034.

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 Segmentation

Global FIDO Authentication Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Breakup by Component

• FIDO Authentication Devices
• FIDO Authentication SDKs

Breakup by Deployment Type

• Cloud Based
• On-premises

Breakup by Organisation Size

• Small and Medium Size Enterprises
• Large Size Enterprises

Breakup by Authentication Type

• Password Authentication
• Biometric Authentication
• Hardware Token-Based Authentication
• Others

Breakup by End Use

• Banking and Finance
• Healthcare
• Government and Defence
• E-Commerce
• IT and Telecommunications
• Others

Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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

The comprehensive 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.

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

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.

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.