Global Advanced Authentication Market to Reach $22.3 Billion by 2026

SAN FRANCISCO, Aug. 18, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Advanced Authentication - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 892
Companies: 42 - Players covered include CA Technologies; CJIS Solutions, LLC; CybrSecurity Corporation (GoldKey); Dell EMC; Fujitsu Ltd.; Gemalto NV; HID Global Corporation; Micro Focus - NetIQ; NEC Corporation; NetMotion Software, Inc; OT-Morpho; Pistolstar, Inc.; SecureAuth Corporation; SecurEnvoy Ltd.; ValidSoft UK Limited and Others.
Coverage: All major geographies and key segments
Segments: Authentication Method (Smart Cards, Biometrics, Mobile Smart Credentials, User-based Public Key Infrastructure, Other Authentication Methods); End-Use Industry (BFSI, Healthcare, IT & Telecom, Other End-Use Industries)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Advanced Authentication Market to Reach $22.3 Billion by 2026

Amid the COVID-19 crisis, the global market for Advanced Authentication estimated at US$10.7 Billion in the year 2020, is projected to reach a revised size of US$22.3 Billion by 2026, growing at a CAGR of 12.8% over the analysis period. Smart Cards, one of the segments analyzed in the report, is projected to record a 12.1% CAGR and reach US$8.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Biometrics segment is readjusted to a revised 14.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.3 Billion in 2021, While China is Forecast to Reach $3.5 Billion by 2026

The Advanced Authentication market in the U.S. is estimated at US$3.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2026 trailing a CAGR of 12.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.1% and 10.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.3% CAGR.

Mobile Smart Credentials Segment to Reach $2.3 Billion by 2026

In the global Mobile Smart Credentials segment, USA, Canada, Japan, China and Europe will drive the 13.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$742.7 Million in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$515.6 Million by the year 2026. More

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CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.