Authentication And Brand Protection Market Size by Type (Overt, Covert, Forensic), Technology (OVDs and Holograms, Barcodes/Unique Codes), Application (Clothing, Apparel and Cosmetics) & region 2024- 2031.
Published on: 2024-08-02 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Authentication And Brand Protection Market Size by Type (Overt, Covert, Forensic), Technology (OVDs and Holograms, Barcodes/Unique Codes), Application (Clothing, Apparel and Cosmetics) & region 2024- 2031.
Authentication and Brand Market Valuation – 2024-2031
The global market for authentication and brand protection is poised for substantial growth, driven by rising consumer safety concerns and escalating government regulations and compliance requirements. According to the analyst from Market Research, the Global Authentication And Brand Protection market is estimated to reach a valuation of USD 14.43 Billion over the forecast by subjugating the revenue of USD 6.42 Billion in 2024
Also, the proliferation of e-commerce, the increasing sophistication of counterfeiters, heightened awareness of intellectual property rights, and the growing adoption of advanced authentication technologies by businesses to safeguard their brands and products. This surge enables the market to grow at a CAGR of 10.66% from 2024 to 2031.
Global Authentication And Brand Protection Definition/ Overview
Global Authentication and Brand Protection encompass a multifaceted approach employed by companies worldwide to safeguard their brand integrity, intellectual property, and products from various forms of unauthorized use, counterfeiting, and fraudulent activities. This comprehensive strategy involves the implementation of advanced technologies such as product sterilization, unique authentication features like holograms and QR codes, and RFID tags, which enable companies to track and authenticate their products throughout the supply chain.
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What are the factors that surge the demand for the Global Authentication And Brand Protection Market?
The rise in counterfeit goods across various industries, from luxury items like handbags and clothing to pharmaceuticals and electronics, is a major concern for consumers, governments, and legitimate businesses. Counterfeit products can be of inferior quality, contain harmful substances, and lack the safety features of genuine products. Authentication technologies, such as holograms, tamper-evident packaging, and digital watermarks, help consumers verify the legitimacy of products and protect themselves from the dangers of counterfeits. Additionally, brand protection measures help governments seize counterfeit goods and enforce intellectual property laws, reducing the economic harm caused by counterfeiting.
Furthermore, Brands invest heavily in building their reputation, and counterfeiting can severely damage that image. Authentication solutions help companies protect their brand equity and ensure consumers associate their products with quality and trust. So Companies need to safeguard their intellectual property, such as trademarks and patents. Brand protection measures help prevent unauthorized use of their IP and ensure they reap the benefits of their innovation.
What factors hinder the growth of the Global Authentication And Brand Protection Market?
Effective authentication solutions rely on seamlessly integrated data across the supply chain. Information about a product, from raw materials to finished goods, needs to be readily accessible at various points. Unfortunately, many businesses operate with siloed data systems, making it difficult to collect and analyze the data needed for robust authentication. This lack of interoperability creates gaps in the verification process. Additionally, Integrating data from multiple sources raises concerns about data security. Companies need to ensure that sensitive information is protected throughout the supply chain to prevent breaches and unauthorized access.
Also, Traditional methods like holograms and tamper-evident packaging provide a baseline level of security. However, with advancements in printing and manufacturing techniques, sophisticated counterfeiters can often replicate these features with impressive accuracy. This creates a false sense of security, as both genuine and fake products might appear identical to the consumers,
Category-Wise Acumens
How does the increasing adoption of Overt impact the market growth?
According to analysis, the Overt segment is estimated to hold the largest market share during the forecast period. Overt solutions, like visible holograms, color-shifting inks, or security labels with verifiable information, are generally less expensive to implement compared to covert or forensic methods. This affordability makes them accessible to a wider range of businesses, especially small and medium enterprises (SMEs). This broader adoption by SMEs contributes to the overall market growth.
Also, Overt features are readily visible to consumers. This directly raises consumer awareness about authentication measures and empowers them to participate in the verification process. For instance, a QR code on a product label can be scanned by a smartphone to access product information and confirm authenticity. This active consumer engagement strengthens the brand protection strategy and builds trust, potentially leading to increased sales and brand loyalty. Furthermore, The overt presence of authentication features discourages counterfeiters, as replicating them adds complexity and cost to the counterfeiting process. This acts as a preventative measure, reducing the prevalence of fake goods in the market and protecting legitimate businesses.
How OVDs and Holograms propel the growth of the Global Authentication And Brand Protection Market?
The OVDs and Holograms segment is estimated to dominate the Global Authentication And Brand Protection Market during the forecast period. OVDs and holograms can be incorporated into various product types, from luxury goods and pharmaceuticals to packaging for everyday items. This versatility makes them a valuable tool for brand protection across a wide range of industries.
Additionally, OVDs and holograms are readily visible to consumers, acting as overt authentication features. This empowers consumers to verify product authenticity themselves, often using simple visual checks or smartphone apps to scan embedded codes.
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Country/Region-wise Acumens
How is the demand for Authentication And Brand Protection influencing the growth of the market in North America?
North America holds the largest market share in the authentication and brand protection market for several reasons. The region boasts a robust economy with a significant presence of leading multinational companies across various industries such as pharmaceuticals, electronics, luxury goods, and consumer packaged goods. These companies prioritize brand protection and invest heavily in authentication technologies to safeguard their products and intellectual property.
Furthermore, North America is a hub for technological innovation, with a thriving ecosystem of research institutions, technology providers, and startups developing cutting-edge authentication solutions. This culture of innovation fosters the adoption of advanced technologies such as blockchain, artificial intelligence, and machine learning in authentication and brand protection strategies.
Also, they have a well-established regulatory framework aimed at protecting intellectual property rights and combatting counterfeiting and piracy. Stringent enforcement measures and cooperation between government agencies and private sector stakeholders contribute to creating a conducive environment for authentication and brand protection initiatives.
What factors contribute to the potential opportunities in the Asia Pacific region?
The Asia-Pacific region is experiencing rapid growth in authentication and brand protection. The region’s booming economy and burgeoning middle class have led to increased consumer spending and demand for genuine, high-quality products. This rising consumer awareness about product authenticity has encouraged companies to invest in robust authentication measures to protect their brands and reassure consumers.
Moreover, the Asia-Pacific region is home to many manufacturing hubs across industries such as electronics, pharmaceuticals, and consumer goods, making it a hotspot for counterfeit production. As a result, there is a pressing need for effective authentication solutions to combat the proliferation of counterfeit goods and safeguard brand reputation.
Also, the increase in the adoption of e-commerce and digital platforms in the Asia-Pacific region has created new challenges and opportunities for brand protection. Companies are leveraging technologies such as blockchain, RFID, and digital authentication tools to secure their products throughout the supply chain and provide consumers with transparent and trustworthy shopping experiences online.
Competitive Landscape
The competitive landscape of the global authentication and brand protection market is characterized by a diverse mix of players ranging from technology providers to solution integrators and service providers.
Some of the prominent players operating in the global authentication and brand protection market include
- 3M
- AlpVision SA
- Giesecke + Devrient GmbH
- Authentix
- Applied DNA Sciences
- Brady
- Avery Dennison
- Wisekey
- Arjo Solutions
- De La Rue
- Centro Grafico dg S.p.A
- Infineon
- Eastman Kodak
- Merck Group
- Sun Chemicals
- Authentic Solution
Latest Developments
- In the year 2022, 3M developed new tamper-evident labels that use microscopic authentication features.
- In the year 2021, AlpVision SA, developed a new track-and-trace platform that uses blockchain technology to track products throughout the supply chain.
- In the year 2022, Giesecke & Devrient GmbH, introduced new security inks that are difficult to counterfeit.
Report Scope
REPORT ATTRIBUTES | DETAILS |
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Study Period | 2021-2031 |
Growth Rate | CAGR of ~10.66 % from 2024 to 2031 |
Base Year for Valuation | 2024 |
Historical Period | 2021-2023 |
Quantitative Units | 2024-2031 |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players | 3M, AlpVision SA, Giesecke + Devrient GmbH, Authentix, Applied DNA Sciences, Brady, Avery Dennison, Wisekey, Arjo Solutions, De La Rue, Centro Grafico dg S.p.A, Infineon, Eastman Kodak, Merck Group, Sun Chemicals, Authentic Solution |
Customization | Report customization along with purchase available upon request |
Authentication And Brand Protection Market, By Category
Type
- Overt
- Digital
- Forensic
- Covert
Technology
- OVDs and Holograms
- Barcodes/Unique Codes
- Security printing and tamper-proof labels
- Security Inks & Coatings
- RFID
- Secure Memory/Authentication ICs
- Others
Application
- Clothing, Apparel and Cosmetics
- Consumer Electronics
- Automotive
- Food & beverages
- Medical
- Chemical
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
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