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

Description

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:

Market size available for the years: 2019-2032

Base year considered: 2021

Forecast Period: 2022-2032

Segments Covered: By Product Type, By Component, By Authentication Type, By End User, By Portability

Regions Covered: Asia Pacific, Europe, Middle East and Africa, North America, Latin America

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

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.

Product Code: IACT2302

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