Global Passwordless Authentication Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Passwordless Authentication Market is presumed to reach the market size of nearly USD 71.99 Billion by 2032 from USD 8.5 Billion in 2023 with a CAGR of 26.8% under the study period 2024 - 2032.

Passwordless authentication is an advanced security mechanism that eliminates the need for traditional passwords by utilizing alternative methods to verify user identity. This approach often involves biometric identifiers, such as fingerprints or facial recognition, or authentication tokens, like smart cards or one-time codes sent via mobile devices. By removing passwords from the authentication process, organizations enhance security and user convenience while mitigating risks associated with password theft and phishing attacks. Passwordless systems leverage encryption and secure protocols to ensure robust identity verification, streamlining access controls and reducing vulnerabilities in digital environments.

MARKET DYNAMICS

The passwordless authentication market is growing due to several factors such as the increasing need for secure and convenient authentication solutions, rising incidents of cyber attacks and data breaches, and the adoption of cloud-based services and mobile devices.Traditional password-based authentication methods have several weaknesses, including weak passwords, password reuse, and password sharing, which make them vulnerable to hacking and phishing attacks. Passwordless authentication solutions aim to address these weaknesses by eliminating the need for passwords altogether and relying on more secure authentication methods such as biometrics, hardware tokens, and public-key cryptography. Additionally, the widespread adoption of cloud-based services and mobile devices has created a need for more flexible and user-friendly authentication solutions that can be easily integrated with these platforms. Passwordless authentication solutions can provide a seamless and secure authentication experience for users across different devices and platforms, making them an attractive alternative to traditional password-based authentication methods. Furthermore, government regulations such as GDPR, CCPA, and HIPAA, among others, are also driving the demand for more secure and compliant authentication solutions, which is expected to fuel passwordless authentication market growth.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of passwordless authentication. The growth and trends of passwordless authentication industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the passwordless authentication market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Component

Hardware
Software
Services

By Product Type

Fingerprint Authentication
Palm Recognition
Iris Recognition
Face Recognition
Voice Recognition
Smart Card
Others

By Authentication Type

Single-Factor Authentication
Multi-Factor Authentication

By Portability

Fixed
Mobile

By End-User

IT & Telecom
Retail
Transportation & Logistics
Aerospace & Defence
BFSI
Healthcare
Government
Others

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Passwordless Authentication market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Passwordless Authentication market include Assa Abloy, Dermalog Identification Systems GmbH, East Shore Technology LLC, Fujitsu, HID Global Corporation, M2SYS Technology, Microsoft, NEC Corporation, Safran, Thales. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Product Code: VMR112110684

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. PASSWORDLESS AUTHENTICATION - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Component
- 3.7.2 Market Attractiveness Analysis By Product Type
- 3.7.3 Market Attractiveness Analysis By Authentication Type
- 3.7.4 Market Attractiveness Analysis By Portability
- 3.7.5 Market Attractiveness Analysis By End-User
- 3.7.6 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL PASSWORDLESS AUTHENTICATION MARKET ANALYSIS BY COMPONENT

5.1. Overview By Component
5.2. Historical and Forecast Data
5.3. Analysis By Component
5.4. Hardware Historic and Forecast Sales By Regions
5.5. Software Historic and Forecast Sales By Regions
5.6. Services Historic and Forecast Sales By Regions

6. GLOBAL PASSWORDLESS AUTHENTICATION MARKET ANALYSIS BY PRODUCT TYPE

6.1. Overview By Product Type
6.2. Historical and Forecast Data
6.3. Analysis By Product Type
6.4. Fingerprint Authentication Historic and Forecast Sales By Regions
6.5. Palm Recognition Historic and Forecast Sales By Regions
6.6. Iris Recognition Historic and Forecast Sales By Regions
6.7. Face Recognition Historic and Forecast Sales By Regions
6.8. Voice Recognition Historic and Forecast Sales By Regions
6.9. Smart Card Historic and Forecast Sales By Regions
6.10. Others Historic and Forecast Sales By Regions

7. GLOBAL PASSWORDLESS AUTHENTICATION MARKET ANALYSIS BY AUTHENTICATION TYPE

7.1. Overview By Authentication Type
7.2. Historical and Forecast Data
7.3. Analysis By Authentication Type
7.4. Single-Factor Authentication Historic and Forecast Sales By Regions
7.5. Multi-Factor Authentication Historic and Forecast Sales By Regions

8. GLOBAL PASSWORDLESS AUTHENTICATION MARKET ANALYSIS BY PORTABILITY

8.1. Overview By Portability
8.2. Historical and Forecast Data
8.3. Analysis By Portability
8.4. Fixed Historic and Forecast Sales By Regions
8.5. Mobile Historic and Forecast Sales By Regions

9. GLOBAL PASSWORDLESS AUTHENTICATION MARKET ANALYSIS BY END-USER

9.1. Overview By End-User
9.2. Historical and Forecast Data
9.3. Analysis By End-User
9.4. IT & Telecom Historic and Forecast Sales By Regions
9.5. Retail Historic and Forecast Sales By Regions
9.6. Transportation & Logistics Historic and Forecast Sales By Regions
9.7. Aerospace & Defence Historic and Forecast Sales By Regions
9.8. BFSI Historic and Forecast Sales By Regions
9.9. Healthcare Historic and Forecast Sales By Regions
9.10. Government Historic and Forecast Sales By Regions
9.11. Others Historic and Forecast Sales By Regions

10. GLOBAL PASSWORDLESS AUTHENTICATION MARKET ANALYSIS BY GEOGRAPHY

10.1. Regional Outlook
10.2. Introduction
10.3. North America Sales Analysis
- 10.3.1 Overview, Historic and Forecast Data Sales Analysis
- 10.3.2 North America By Segment Sales Analysis
- 10.3.3 North America By Country Sales Analysis
- 10.3.4 United States Sales Analysis
- 10.3.5 Canada Sales Analysis
- 10.3.6 Mexico Sales Analysis
10.4. Europe Sales Analysis
- 10.4.1 Overview, Historic and Forecast Data Sales Analysis
- 10.4.2 Europe By Segment Sales Analysis
- 10.4.3 Europe By Country Sales Analysis
- 10.4.4 United Kingdom Sales Analysis
- 10.4.5 France Sales Analysis
- 10.4.6 Germany Sales Analysis
- 10.4.7 Italy Sales Analysis
- 10.4.8 Russia Sales Analysis
- 10.4.9 Rest Of Europe Sales Analysis
10.5. Asia Pacific Sales Analysis
- 10.5.1 Overview, Historic and Forecast Data Sales Analysis
- 10.5.2 Asia Pacific By Segment Sales Analysis
- 10.5.3 Asia Pacific By Country Sales Analysis
- 10.5.4 China Sales Analysis
- 10.5.5 India Sales Analysis
- 10.5.6 Japan Sales Analysis
- 10.5.7 South Korea Sales Analysis
- 10.5.8 Australia Sales Analysis
- 10.5.9 South East Asia Sales Analysis
- 10.5.10 Rest Of Asia Pacific Sales Analysis
10.6. Latin America Sales Analysis
- 10.6.1 Overview, Historic and Forecast Data Sales Analysis
- 10.6.2 Latin America By Segment Sales Analysis
- 10.6.3 Latin America By Country Sales Analysis
- 10.6.4 Brazil Sales Analysis
- 10.6.5 Argentina Sales Analysis
- 10.6.6 Peru Sales Analysis
- 10.6.7 Chile Sales Analysis
- 10.6.8 Rest of Latin America Sales Analysis
10.7. Middle East & Africa Sales Analysis
- 10.7.1 Overview, Historic and Forecast Data Sales Analysis
- 10.7.2 Middle East & Africa By Segment Sales Analysis
- 10.7.3 Middle East & Africa By Country Sales Analysis
- 10.7.4 Saudi Arabia Sales Analysis
- 10.7.5 UAE Sales Analysis
- 10.7.6 Israel Sales Analysis
- 10.7.7 South Africa Sales Analysis
- 10.7.8 Rest Of Middle East And Africa Sales Analysis

11. COMPETITIVE LANDSCAPE OF THE PASSWORDLESS AUTHENTICATION COMPANIES

11.1. Passwordless Authentication Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments

12. COMPANY PROFILES OF PASSWORDLESS AUTHENTICATION INDUSTRY

12.1. Top Companies Market Share Analysis
12.2. Market Concentration Rate
12.3. Assa Abloy
- 12.3.1 Company Overview
- 12.3.2 Company Revenue
- 12.3.3 Products
- 12.3.4 Recent Developments
12.4. Dermalog Identification Systems GmbH
- 12.4.1 Company Overview
- 12.4.2 Company Revenue
- 12.4.3 Products
- 12.4.4 Recent Developments
12.5. East Shore Technology LLC
- 12.5.1 Company Overview
- 12.5.2 Company Revenue
- 12.5.3 Products
- 12.5.4 Recent Developments
12.6. Fujitsu
- 12.6.1 Company Overview
- 12.6.2 Company Revenue
- 12.6.3 Products
- 12.6.4 Recent Developments
12.7. HID Global Corporation
- 12.7.1 Company Overview
- 12.7.2 Company Revenue
- 12.7.3 Products
- 12.7.4 Recent Developments
12.8. M2SYS Technology
- 12.8.1 Company Overview
- 12.8.2 Company Revenue
- 12.8.3 Products
- 12.8.4 Recent Developments
12.9. Microsoft
- 12.9.1 Company Overview
- 12.9.2 Company Revenue
- 12.9.3 Products
- 12.9.4 Recent Developments
12.10. NEC Corporation
- 12.10.1 Company Overview
- 12.10.2 Company Revenue
- 12.10.3 Products
- 12.10.4 Recent Developments
12.11. Safran
- 12.11.1 Company Overview
- 12.11.2 Company Revenue
- 12.11.3 Products
- 12.11.4 Recent Developments
12.12. Thales.
- 12.12.1 Company Overview
- 12.12.2 Company Revenue
- 12.12.3 Products
- 12.12.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies