Global Authentication and Brand Protection Market Report 2023-2028 Featuring Key Players - Authentix, Avery Dennison, Brady, De La Rue, Wisekey, Infineon, Merck, HID, Centro Grafico, & Sun Chemicals

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Aug 31, 2023, 06:30 ET

DUBLIN, Aug. 31, 2023 /PRNewswire/ -- The "Authentication and Brand Protection Market by Technology (Overt, Covert, Digital, Forensic), Offering (Security Labels, Holograms, RFID/NFC, Barcodes, QR Codes), Authentication Mode (Smartphone, Blockchain), Application, Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The global authentication and brand protection market was valued at USD 2.9 billion in 2023 and is estimated to reach USD 4.3 billion by 2028, registering a CAGR of 8.3%

Consumers are increasingly concerned about the safety and authenticity of the products they purchase. They want to ensure that the products they buy are genuine and pose no risk to their health or well-being. Authentication technologies play a significant role in addressing these consumer concerns.

The authentication technologies also help to reduce the risk of harm from counterfeit goods. Counterfeit products, such as counterfeit pharmaceuticals, electronics, or luxury goods, can often be of inferior quality, and in some cases, pose significant health and safety risks to consumers. These factors are fueling the market growth.

The report also contains an in-depth assessment of market shares, growth strategies and service offerings of leading players like Authentix (US); Avery Dennison (US); Brady (US); De La Rue (England); Wisekey (Switzerland); Infineon (Germany); Merck Group (Germany); HID Global (Sweden); Centro Grafico (Italy); Sun Chemicals (US) among others in authentication and brand protection market

Blockchain segment is expected to grow at the highest CAGR during the forecast period.

The blockchain segment is growing at the highest CAGR in the authentication and brand protection market due to its inherent features of transparency, immutability, and decentralized nature.

Blockchain technology enables the secure recording and tracking of transactions and product information throughout the supply chain, ensuring the authenticity and integrity of products. By leveraging blockchain, brands can establish a tamper-proof and auditable record of their products, enabling seamless traceability, anti-counterfeiting measures, and enhanced consumer trust.

US to grow at the highest CAGR for North America authentication and brand protection market

US is experiencing the highest growth rate in the authentication and brand protection market due to several factors. The presence of key players in US, along with a large customer base, is among the major factors driving the authentication and brand protection market in US. This market in US is driven by advancements in authentication and brand protection technologies.

Additionally, rules and regulations implemented in the country to check counterfeiting activities have been fostering market growth in the country.

Key Attributes:

Report Attribute	Details
No. of Pages	210
Forecast Period	2023 - 2028
Estimated Market Value (USD) in 2023	$2.9 Billion
Forecasted Market Value (USD) by 2028	$4.3 Billion
Compound Annual Growth Rate	8.3 %
Regions Covered	Global

Premium Insights

Increasing Prevalence of Brand Infringement to Fuel Demand for Authentication and Brand Protection Products
Smartphone Authentication Segment Held Larger Market Share in 2022
Security Labels and Inks Segment to Account for Largest Share of Authentication and Brand Protection Market in 2028
Pharmaceutical Segment and North America to Register Highest Revenue in Authentication and Brand Protection Market in 2028
US to Depict Highest CAGR in Authentication and Brand Protection Market Between 2023 and 2028

Market Dynamics

Drivers

High Emphasis on Safeguarding Product and Brand Integrity
Increased Use of Track and Trace Technologies in Supply Chain
Enforcement of Anti-Counterfeiting Laws and Regulations by Governments
Heightened Focus on Consumer Safety and Satisfaction

Restraints

Requirement for Significant Initial Capital Investments
Limitations of Existing Authentication Technologies

Opportunities

Increased Textile and Apparel Production in Asia-Pacific
Reliance on Remote Authentication Technologies
Collaborations Between Businesses to Combat Counterfeiting

Challenges

Lack of Awareness About Benefits of Authentication Technologies
Developing Foolproof Anti-Counterfeiting Solutions

Case Study Analysis

Opsec's Brand Protection Tools Help Tonino Lamborghini Secure Supply Chain
Nabcore's Brand Protection Solutions Help Electronics Company Improve Security
Ausnfc's Authentication Services Help Old Kempton Distillery Safeguard Products
Collaboration Between Systech and Alcoholic Beverage Company to Develop E-Fingerprint Product Labels

Technology Analysis

Artificial Intelligence and Machine Learning
Geolocation and Geo-Blocking
Augmented Reality
Watermarking and Digital Fingerprinting

Emerging Technology Trends in Authentication and Brand Protection Market

Blockchain Technology
Internet of Things and Artificial Intelligence
Smart Packaging
Biometrics
Integration of Data Analytics

Company Profiles

Key Players

Authentix
Avery Dennison Corporation
Brady Worldwide, Inc.
De La Rue plc
Wisekey
Infineon Technologies AG
Merck Kgaa
Hid Global Corporation
Centro Grafico Dg
Sun Chemical

Other Players

Authentic Vision
Alpvision
Applied Dna Sciences
Cils International
Blue Bite LLC
Nosco, Inc.
Ultimate Solutions
Qlik Software Pvt. Ltd.
Dss, Inc.
Visualead
Systech
Digimarc Corporation
U-Nica Solutions AG
Tracepack
Nabcore Pte Ltd
Edgyn

For more information about this report visit https://www.researchandmarkets.com/r/ea316l

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