Passwordless Authentication Market Growth, Share, Demand, Revenue and Future Trends 2032

Passwordless Authentication Market Size- By Product Type, By Component, By Authentication Type, By End User, By Portability- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Passwordless Authentication Market Size- By Product Type, By Component, By Authentication Type, By End User, By Portability- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Published: Jan 2023 Report ID: IACT2302 Pages: 1 - 256 Formats*:     
Category : Information & Communications Technology
Global Passwordless Authentication Market Overview

According to SPER Market Research, the Global Passwordless Authentication Market is estimated to reach USD 78.73 billion by 2032 with a CAGR of 18.42%.

Passwordless authentication is a security technique that makes use of unique biological qualities, such as voice analysis, iris recognition, fingerprint recognition, face recognition, and others, as well as personal identification numbers, security tokens, and other means. Due to improved security and the ease of accessing data from anywhere, passwordless authentication techniques are still becoming more and more common. By moving verification to the device rather than sending credentials via an online connection, passwordless technology changes the fundamental security architecture. Although passwordless systems are more advanced, traditional multi-factor authentication (MFA) still provides security and convenience to the authentication process. It's common for businesses to try to balance supply chain security, which is crucial for B2B financial infrastructure, with user experience and workforce access security. A significant element boosting the market for biometric authentication is the increasing use of smartphones and other consumer electronics. Another factor boosting the market for passwordless authentication is the growing requirement for security measures beyond passwords. The use of facial and fingerprint recognition is common in consumer electronics like smartphones and tablets. Both facial and fingerprint recognition have several advantages, including increased security, accountability, usability, and non-transferability.

Impact of COVID-19 on the Global Passwordless Authentication Market
The epidemic has enhanced digital business and increased demand for board members with a working knowledge of the internet. Businesses all throughout the world saw an increase in cybersecurity assaults during the COVID-19 epidemic, including password leaks, credential compromises, phishing, and ransomware. Due to the disruption caused by COVID-19, firms must implement cutting-edge security solutions like passwordless authentication to streamline their corporate governance and transparency, workplace health and safety, data privacy, supply chain, and working capital. This has accelerated the transition to digitalization. Because of the changing dangers and threats, companies and individuals are switching from password-based authentication to passwordless solutions like biometrics, iris scanning, facial recognition, and fingerprint scanning. Passwordless authentication is one security option that is becoming more popular, and this trend is anticipated to continue being strong. Due to the increase in data theft incidents occurring all over the world, passwordless authentication has become more popular. Due to data theft issues in devices like laptops, cellphones, and tablets, among others, the requirement for security goes beyond passwords. Modern devices can be secured in a number of ways to reduce difficulties with data theft, including fingerprint sensors and facial recognition. 



Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2032
 Base year considered 2021
 Forecast period 2022-2032
 Segments coveredBy Product Type, By Component, By Authentication Type, By End User, By Portability
 Geographies coveredNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa
 Companies CoveredAccu-Time Systems Inc., Assa Abloy, Authentiq, Beyond Identity, Crossmatch Technologies, Dermalog Identification Systems Gmbh, Duo Security, East Shore Technologies, Inc., Entrust, EyeVerify, Inc., Fujitsu, HID Global Corporation, M2SYS Technology, Microsoft, NEC Corporation, Okta, Safran, Secret Double Octopus, Thales Group, Ubisecure, Veridium
Global Passwordless Authentication Market Segmentation:
 
By Product Type: Based on the Product Type, Global Passwordless Authentication Market is segmented as; Fingerprint Authentication, Palm Recognition, Iris Recognition, Face Recognition, Voice Recognition, Smart Card, Others.
 
By Component: Based on the Component, Global Passwordless Authentication Market is segmented as; Hardware, Software, Services.

By Authentication Type: Based on the Authentication Type, Global Passwordless Authentication Market is segmented as; Single-factor Authentication, Multi-factor Authentication.

By End User: Based on the End User, Global Passwordless Authentication Market is segmented as; Aerospace & Defence, BFSI, Consumer Electronics, Government, Healthcare, IT & Telecom, Logistics, Public Sector, Retail, Transportation, Others.

By Portability: Based on the Portability, Global Passwordless Authentication Market is segmented as; Fixed, Mobile.

By Region: The fastest CAGR is expected to occur in Asia Pacific. This increase can be ascribed to the rising use of smartphones and tablets in this area as well as technologies like facial and fingerprint identification, which are major growth drivers for the local passwordless authentication industry.

Key Topics Covered in the Report
  • Size of Global Passwordless Authentication Market (FY’2019-FY’2032)
  • Global Passwordless Authentication Market Overview
  • Segmentation of Global Passwordless Authentication Market By Product Type (Fingerprint Authentication, Palm Recognition, Iris Recognition, Face Recognition, Voice Recognition, Smart Card, Others)
  • Segmentation of Global Passwordless Authentication Market By Component (Hardware, Software, Services)
  • Segmentation of Global Passwordless Authentication Market By Authentication Type (Single-factor Authentication, Multi-factor Authentication)
  • Segmentation of Global Passwordless Authentication Market By End User (Aerospace & Defence, BFSI, Consumer Electronics, Government, Healthcare, IT & Telecom, Logistics, Public Sector, Retail, Transportation, Others)
  • Segmentation of Global Passwordless Authentication Market By Portability (Fixed, Mobile)
  • Statistical Snap of Global Passwordless Authentication Market
  • Growth Analysis of Global Passwordless Authentication Market
  • Problems and Challenges in Global Passwordless Authentication Market
  • Competitive Landscape in the Global Passwordless Authentication Market
  • Impact of COVID-19 and Demonetization on Global Passwordless Authentication Market
  • Details on Recent Investment in Global Passwordless Authentication Market
  • Competitive Analysis of Global Passwordless Authentication Market
  • Major Players in the Global Passwordless Authentication Market
  • SWOT Analysis of Global Passwordless Authentication Market
  • Global Passwordless Authentication Market Future Outlook and Projections (FY’2019-FY’2032)
  • Recommendations from Analyst

1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
 
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
 
3. Executive Summary
 
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges 
4.2. COVID-19 Impacts of the Global Passwordless Authentication Market 
 
5. Market variables and outlook
5.1. SWOT analysis 
5.1.1 Strengths 
5.1.2 Weaknesses 
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis 
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape 
5.2.4 Technological landscape 
5.2.5 Environmental landscape 
5.2.6 Legal landscape 
5.3. PORTER’S five forces analysis 
5.3.1 Bargaining power of suppliers 
5.3.2 Bargaining power of Buyers 
5.3.3 Threat of Substitute 
5.3.4 Threat of new entrant 
5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape
6.1. Global Passwordless Authentication Base Distribution, Sales Area, Product Type 
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Passwordless Authentication Market
 
7. Global Passwordless Authentication Market, By Product Type, 2019-2032 (USD Million)
7.1. Fingerprint Authentication
7.2. Palm Recognition
7.3. Iris Recognition
7.4. Face Recognition
7.5. Voice Recognition
7.6. Smart Card
7.7. Others

8. Global Passwordless Authentication Market, By Component, 2019-2032 (USD Million)
8.1. Hardware
8.2. Software
8.3. Services
8.3.1. Professional Services
8.3.2. Managed Services

9. Global Passwordless Authentication Market, By Authentication Type, 2019-2032 (USD Million)
9.1. Single-factor Authentication
9.2. Multi-factor Authentication

10. Global Passwordless Authentication Market, By End User, 2019-2032 (USD Million)
10.1. Aerospace & Defence
10.2. BFSI
10.3. Consumer Electronics
10.4. Government
10.5. Healthcare
10.6. IT & Telecom
10.7. Logistics
10.8. Public Sector
10.9. Retail
10.10. Transportation 
10.11. Others

11. Global Passwordless Authentication Market, By Portability, 2019-2032 (USD Million)
11.1. Fixed
11.2. Mobile

12. Global Passwordless Authentication Market, By Region, 2019-2032 (USD Million)
12.1. Global Passwordless Authentication Size and Market Share by Region (2019-2025)
12.2. Global Passwordless Authentication Size and Market Share by Region (2026-2032)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4 Europe
12.4.1 France
12.4.2 Germany
12.4.3 Italy
12.4.4 Spain
12.4.5 United Kingdom
12.4.6 Rest of Europe
12.5 Middle East & Africa
12.5.1 Kingdom of Saudi Arabia 
12.5.2 United Arab Emirates
12.5.3 Rest of Middle East & Africa
12.6 North America
12.6.1 Canada
12.6.2 Mexico
12.6.3 United States
12.7 Latin America
12.7.1 Argentina
12.7.2 Brazil
12.7.3 Rest of Latin America

13. Company Profiles
13.1 Accu-Time Systems Inc
13.1.1 Company details
13.1.2 Financial outlook
13.1.3 Product summary
13.1.4 Recent developments

13.2 Assa Abloy
13.2.1 Company details
13.2.2 Financial outlook
13.2.3 Product summary
13.2.4 Recent developments

13.3 Authentiq
13.3.1 Company details
13.3.2 Financial outlook
13.3.3 Product summary
13.3.4 Recent developments

13.4 Beyond Identity
13.4.1 Company details
13.4.2 Financial outlook
13.4.3 Product summary
13.4.4 Recent developments

13.5 Crossmatch Technologies
13.5.1 Company details
13.5.2 Financial outlook
13.5.3 Product summary
13.5.4 Recent developments

13.6 Dermalog Identification Systems Gmbh
13.6.1 Company details
13.6.2 Financial outlook
13.6.3 Product summary
13.6.4 Recent developments

13.7 Duo Security
13.7.1 Company details
13.7.2 Financial outlook
13.7.3 Product summary
13.7.4 Recent developments

13.8 East Shore Technologies, Inc
13.8.1 Company details
13.8.2 Financial outlook
13.8.3 Product summary
13.8.4 Recent developments

13.9 Entrust
13.9.1 Company details
13.9.2 Financial outlook
13.9.3 Product summary
13.9.4 Recent developments

13.10 EyeVerify, Inc
13.10.1 Company details
13.10.2 Financial outlook
13.10.3 Product summary
13.10.4 Recent developments

13.11 Fujitsu
13.11.1 Company details
13.11.2 Financial outlook
13.11.3 Product summary
13.11.4 Recent developments

13.12 HID Global Corporation
13.12.1 Company details
13.12.2 Financial outlook
13.12.3 Product summary
13.12.4 Recent developments

13.13 M2SYS Technology
13.13.1 Company details
13.13.2 Financial outlook
13.13.3 Product summary
13.13.4 Recent developments

13.14 Microsoft
13.14.1 Company details
13.14.2 Financial outlook
13.14.3 Product summary
13.14.4 Recent developments

13.15 NEC Corporation
13.15.1 Company details
13.15.2 Financial outlook
13.15.3 Product summary
13.15.4 Recent developments

13.16 Okta
13.16.1 Company details
13.16.2 Financial outlook
13.16.3 Product summary
13.16.4 Recent developments

13.17 Safran
13.17.1 Company details
13.17.2 Financial outlook
13.17.3 Product summary
13.17.4 Recent developments

13.18 Secret Double Octopus
13.18.1 Company details
13.18.2 Financial outlook
13.18.3 Product summary
13.18.4 Recent developments

13.19 Thales Group
13.19.1 Company details
13.19.2 Financial outlook
13.19.3 Product summary
13.19.4 Recent developments

13.20 Ubisecure
13.20.1 Company details
13.20.2 Financial outlook
13.20.3 Product summary
13.20.4 Recent developments

13.21 Veridium
13.21.1 Company details
13.21.2 Financial outlook
13.21.3 Product summary
13.21.4 Recent developments

14. List of Abbreviations

15. Reference Links

16. Conclusion

17. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3


Frequently Asked Questions About This Report
The key players in the market include Companies Covered Accu-Time Systems Inc., Assa Abloy, Authentiq, Beyond Identity, Crossmatch Technologies, Dermalog Identification Systems Gmbh, Duo Security, East Shore Technologies, Inc., Entrust, EyeVerify, Inc., Fujitsu, HID Global Corporation, M2SYS Technology, Microsoft, NEC Corporation, Okta, Safran, Secret Double Octopus, Thales Group, Ubisecure, Veridium.
A significant element boosting the market for biometric authentication is the increasing use of smartphones and other consumer electronics. Another factor boosting the market for passwordless authentication is the growing requirement for security measures beyond passwords. The use of facial and fingerprint recognition is common in consumer electronics like smartphones and tablets.
The Passwordless Authentication Market is projected to reach USD 78.73 billion by 2032, growing at a CAGR of 18.42% during the forecast period.
The Passwordless Authentication Market grew in market size from 2021. The Market is expected to reach USD 78.73 billion by 2032, at a CAGR of 18.42% during the forecast period.
The Passwordless Authentication Market CAGR of 18.42% during the forecast period.
The Passwordless Authentication Market size is USD 78.73 billion from 2022 to 2032.
The Passwordless Authentication Market segment is Covered By Product Type, By Component, By Authentication Type, By End User, By Portability.
The North America and Europe region is anticipated to have the highest market share in the Passwordless Authentication Market.
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