Passwordless Authentication Market by Offering, Method, Authentication Type, End-user

List of Tables

The Passwordless Authentication Market is projected to reach USD 38.31 billion by 2030 from USD 7.84 billion in 2022, at a CAGR of 21.92% during the forecast period.

Global Passwordless Authentication Market

KEY MARKET STATISTICS
Base Year Value [2022]	USD 7.84 billion
Estimated Year Value [2023]	USD 9.44 billion
Forecast Year Value [2030]	USD 38.31 billion
CAGR (%)	21.92%

Passwordless Authentication Market - IMG1

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Passwordless Authentication Market.

Based on Offering, market is studied across Hardware, Services, and Software. The Software is projected to witness significant market share during forecast period.

Based on Method, market is studied across Biometrics, Hardware token, Magic link, Native options, Smart card, and Software token. The Smart card is projected to witness significant market share during forecast period.

Based on Authentication Type, market is studied across Multi-factor authentication and Single-factor authentication. The Single-factor authentication is projected to witness significant market share during forecast period.

Based on End-user, market is studied across BFSI, Consumer Electronics, Energy & Utilities, Government & Law Enforcement, Healthcare, IT and ITeS, Manufacturing, and Travel & Hospitality. The IT and ITeS is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Passwordless Authentication Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Passwordless Authentication Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Passwordless Authentication Market, highlighting leading vendors and their innovative profiles. These include 1Kosmos Inc., Authentiq, Beyond Identity, Cidaas by Widas ID, Duo by Cisco Systems, Inc., EmpowerID, Inc., Entrust Corporation, Fujitsu Limited, HID Global Corporation by Assa Abloy AB, IDEE GmbH, Identite, Inc., International Business Machines Corporation, Keyless Technologies, LastPass US LP, LogMeOnce, Microsoft Corporation, NEC Corporation, Okta, Inc., OneLogin by One Identity, Ping Identity, Prove Identity, Inc., PureID, Salesforce, Inc., Secret Double Octopus, Stytch, Inc., Thales Group, Trusona, Ubisecure, Inc., Veridium, and Yubico AB.

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Passwordless Authentication Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the Passwordless Authentication Market?

3. What is the competitive strategic window for identifying opportunities in the Passwordless Authentication Market?

4. What are the latest technology trends and regulatory frameworks in the Passwordless Authentication Market?

5. What is the market share of the leading vendors in the Passwordless Authentication Market?

6. Which modes and strategic moves are suitable for entering the Passwordless Authentication Market?

Product Code: MRR-961BA04A2E8F

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Passwordless Authentication Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Significant adoption of multifactor authentication
  - 5.1.1.2. Need for a more secure and better user experience in BFSI
  - 5.1.1.3. Inclination toward biometric passwords
- 5.1.2. Restraints
  - 5.1.2.1. Deployment cost and limitations in security measures
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing investment in businesses' data security measure
  - 5.1.3.2. Advancements in touchless authentication
- 5.1.4. Challenges
  - 5.1.4.1. Concerns related to end-user skepticism
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Passwordless Authentication Market, by Offering

6.1. Introduction
6.2. Hardware
6.3. Services
6.4. Software

7. Passwordless Authentication Market, by Method

7.1. Introduction
7.2. Biometrics
7.3. Hardware token
7.4. Magic link
7.5. Native options
7.6. Smart card
7.7. Software token

8. Passwordless Authentication Market, by Authentication Type

8.1. Introduction
8.2. Multi-factor authentication
8.3. Single-factor authentication

9. Passwordless Authentication Market, by End-user

9.1. Introduction
9.2. BFSI
9.3. Consumer Electronics
9.4. Energy & Utilities
9.5. Government & Law Enforcement
9.6. Healthcare
9.7. IT and ITeS
9.8. Manufacturing
9.9. Travel & Hospitality

10. Americas Passwordless Authentication Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Passwordless Authentication Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Passwordless Authentication Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. 1Kosmos Inc.
- 14.1.2. Authentiq
- 14.1.3. Beyond Identity
- 14.1.4. Cidaas by Widas ID
- 14.1.5. Duo by Cisco Systems, Inc.
- 14.1.6. EmpowerID, Inc.
- 14.1.7. Entrust Corporation
- 14.1.8. Fujitsu Limited
- 14.1.9. HID Global Corporation by Assa Abloy AB
- 14.1.10. IDEE GmbH
- 14.1.11. Identite, Inc.
- 14.1.12. International Business Machines Corporation
- 14.1.13. Keyless Technologies
- 14.1.14. LastPass US LP
- 14.1.15. LogMeOnce
- 14.1.16. Microsoft Corporation
- 14.1.17. NEC Corporation
- 14.1.18. Okta, Inc.
- 14.1.19. OneLogin by One Identity
- 14.1.20. Ping Identity
- 14.1.21. Prove Identity, Inc.
- 14.1.22. PureID
- 14.1.23. Salesforce, Inc.
- 14.1.24. Secret Double Octopus
- 14.1.25. Stytch, Inc.
- 14.1.26. Thales Group
- 14.1.27. Trusona
- 14.1.28. Ubisecure, Inc.
- 14.1.29. Veridium
- 14.1.30. Yubico AB
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing