Published Date : 8/6/2025Â
A pair of new partnership deals underlines the interest in identity and access products as analysts project impressive growth figures for digital identity and IAM over the next ten years.
Idex Biometrics has signed its first technology partnership with Vietnam’s Savyint Group to roll out its new biometric FIDO Access cards across Vietnam and Southeast Asia. The agreement marks a key step in Idex’s commercial expansion and underscores growing market appetite for its ID/Access product line.
Savyint will introduce Idex’s Total Access card, a FIDO-certified smart card that fuses traditional access credentials with on-card fingerprint authentication, into sectors ranging from finance and government to healthcare and education.
The deal comes as demand for secure, passwordless authentication surges in Southeast Asia. Industry forecasts project the global digital identity market to soar from $43 billion in 2025 to more than $150 billion by 2032, while the FIDO authentication segment alone is expected to exceed $5.7 billion by 2029, growing at a compound annual rate of 24.4 percent. Southeast Asia’s digital economy, already worth $295 billion in 2024, is on track to hit $1 trillion by 2030.
“Digital trust represents the confidence users place in people, technology, and processes to create a secure digital ecosystem,” said Steve Hoang, CTO and Chairman of Savyint Group. “Idex’s biometric FIDO Access cards enable us to significantly strengthen and expand our identity solutions portfolio, providing the robust authentication foundation that transparent and secure digital services require.”
Anders Storbråten, CEO of Idex Biometrics, said the partnership leverages Savyint’s deep regional expertise and customer base. “Their proven expertise in customer authentication and commitment to building comprehensive digital trust ecosystems makes them an ideal partner for introducing our biometric access technology to this dynamic market,” he said.
The collaboration also forms a crucial pillar of Idex’s distributor channel strategy, providing a tested go-to-market route for its cards in one of the world’s fastest-growing digital identity markets. Both companies say the alliance lays the groundwork for broader expansion across Southeast Asia as organizations increasingly adopt zero-trust security frameworks.
Next Biometrics has deepened its collaboration with a U.S. identity and access management provider, extending a partnership that initially embedded Next’s sensors into the partner’s solutions. Under a new multi-year agreement, the partner will anchor its latest offering on Next’s Oyster III fingerprint authentication platform, placing an initial NOK 2.5 million ($243,633) order with deliveries slated for the third quarter of 2025.
The timing reflects growing urgency among governments and corporations to counter phishing and other cyber threats by moving toward passwordless user identification within zero-trust multi-factor authentication frameworks. Industry analysts value the global IAM market at $22.9 billion today, with forecasts projecting it will swell to $65.5 billion by 2034.
“While IAM has been around for some time, we’ve reached a tipping point and momentum is growing,” said Ulf Ritsvall, CEO of Next Biometrics, pointing to a confluence of remote working trends, an evolving threat landscape, regulatory pressures, and built-in support for IAM in Windows 11 in pushing the sector.
“Our engineers have worked closely with our partner to tailor this solution to their needs and bring faster and stronger passwordless authentication to their customers globally,” he added.
Built on the Windows Biometric Framework (WBF), Oyster III replaces slower sign-in methods with on-device fingerprint matching that works on both new and existing hardware. Next’s Active Thermal sensor combines heat mapping and 3D imaging to deliver advanced liveness detection and thwart spoofing attacks, while LED prompts guide users to ensure accurate finger placement and fast authentication, according to the company.Â
Q: What is the significance of Idex Biometrics' partnership with Savyint Group?
A: The partnership signifies Idex Biometrics' expansion into Southeast Asia, leveraging Savyint Group's regional expertise to introduce FIDO-certified biometric access cards. This move addresses the growing demand for secure, passwordless authentication in the region.
Q: How does the FIDO authentication segment contribute to the digital identity market?
A: The FIDO authentication segment is projected to grow significantly, from $43 billion in 2025 to more than $150 billion by 2032. It plays a crucial role in enhancing digital identity management by providing secure, passwordless authentication methods.
Q: What does the new multi-year agreement between Next Biometrics and the U.S. IAM provider entail?
A: Next Biometrics has extended its partnership with a U.S. IAM provider, embedding its Oyster III fingerprint authentication platform into the provider's solutions. The initial order is worth NOK 2.5 million, with deliveries scheduled for the third quarter of 2025.
Q: Why is the IAM market expected to grow to $65.5 billion by 2034?
A: The IAM market is driven by the increasing need for secure authentication methods, remote working trends, evolving cyber threats, regulatory pressures, and built-in support for IAM in modern operating systems like Windows 11.
Q: What are the key features of Next Biometrics' Oyster III fingerprint authentication platform?
A: Oyster III features on-device fingerprint matching, advanced liveness detection through heat mapping and 3D imaging, and LED prompts for accurate finger placement. It is built on the Windows Biometric Framework (WBF) to ensure fast and secure authentication.Â