#Passwordless Authentication Market Trends

[informationcommunicationtechno]

Passwordless Authentication Market 2032: Industry Size, Share & Forecast

Passwordless Authentication Market size was valued at USD 17.1 billion in 2024 and is expected to grow to USD 71.2 billion by 2032 and grow at a CAGR of 17.2 % over the forecast period of 2024-2032. 

The Passwordless Authentication Market is rapidly emerging as a transformative force in digital security, addressing the growing concerns over password vulnerabilities and user friction. As organizations across sectors strive to enhance user experience while maintaining robust cybersecurity postures, the demand for authentication methods that eliminate traditional passwords has accelerated. This shift is fueled by the increasing sophistication of cyber threats and the limitations of legacy login systems.

The Passwordless Authentication Market is being driven by the need for more secure, seamless, and scalable identity verification solutions. With phishing, credential stuffing, and brute-force attacks on the rise, enterprises are moving toward advanced technologies like biometric recognition, cryptographic keys, and device-based authentication. These solutions are being integrated across web applications, mobile devices, and enterprise systems to reduce security risk and enhance operational efficiency.

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Market Keyplayers:

Microsoft (Windows Hello, Azure AD Passwordless)

Google (Google Authenticator, FIDO2-based Login)

Okta (Okta Identity Engine, Okta Verify)

IBM (IBM Security Verify, IBM Cloud Identity)

Yubico (YubiKey 5 Series, YubiHSM)

HID Global (ActivID, HID DigitalPersona)

Ping Identity (PingOne, PingID)

Auth0 (Auth0 Identity Platform, Auth0 Passwordless)

Thales Group (SafeNet Trusted Access, Thales Luna HSM)

OneSpan (Cronto, Digipass)

Market Analysis

Passwordless authentication represents a paradigm shift in the digital identity ecosystem. Rather than relying on knowledge-based credentials, it leverages biometrics (such as facial recognition, fingerprints, or retina scans), security tokens, behavioral patterns, or public key infrastructure (PKI) to verify users. These approaches significantly reduce the attack surface while improving the user experience.

Adoption is increasing across sectors including banking, healthcare, government, retail, and IT, where regulatory compliance and user trust are paramount. Enterprises are recognizing that password fatigue and reset costs not only impact productivity but also expose systems to frequent breaches. As a result, passwordless authentication is evolving from a security upgrade to a strategic imperative.

Scope

The scope of the passwordless authentication market encompasses:

Biometric Authentication: Facial, fingerprint, voice, iris, and behavioral biometrics.

Token-Based Authentication: Smart cards, USB security keys (e.g., FIDO2), and one-time hardware tokens.

Magic Links and OTP Alternatives: Secure links sent via email or SMS as login tools, often used in consumer applications.

Authentication Platforms: Cloud-based identity and access management (IAM) platforms offering passwordless features, integration APIs, and device identity capabilities.

Device-Based Authentication: Leveraging smartphones and wearables to authenticate users using device trust and built-in security hardware.

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Market Segmentation:

By Component

Hardware

Software

Services

By Portability

Fixed

Mobile

By Product Type

Fingerprint Authentication

Palm Print Recognition

Iris Recognition

Face Recognition

Voice Recognition

Smart Card

Others

By Authentication Type

Single-factor Authentication

Multi-factor Authentication

By End Use

IT & Telecom

BFSI

Healthcare

Government

Retail

Transportation & Logistics

Aerospace & Defence

Market Forecast

The outlook for the passwordless authentication market remains strong, with rapid adoption expected in enterprise, SMB, and public sector applications. As digital transformation accelerates, more organizations are prioritizing identity-first security strategies that eliminate weak credentials.

Growth will be bolstered by increasing investment in cloud security, the expansion of remote workforces, and government mandates to enforce strong user authentication. Vendors are likely to focus on interoperability, privacy compliance (such as GDPR and CCPA), and user-centric design to boost adoption.

Future Prospects

The future of passwordless authentication lies in its ability to combine security and convenience at scale. As AI and machine learning become more integrated into identity systems, the potential for adaptive and continuous authentication grows. In the coming years, expect to see passwordless solutions integrated directly into consumer devices, workplace applications, and public digital infrastructure.

Further advancements in edge computing, decentralized identity (DID), and verifiable credentials will create new pathways for secure and user-controlled access systems. Passwordless identity verification is also expected to play a key role in sectors like fintech, online education, and telemedicine.

Trends

Rise of FIDO2 and WebAuthn Standards: Industry-backed initiatives are setting the groundwork for broad interoperability across devices and platforms.

Integration with IAM and Zero-Trust Architectures: Passwordless solutions are increasingly embedded into modern access control frameworks.

Biometric Advancements: Touchless and multi-modal biometric systems are gaining ground for both physical and digital access.

Growth in Consumer Applications: From banking apps to e-commerce platforms, passwordless logins are enhancing user engagement.

Decentralized Identity (DID): Blockchain and self-sovereign identity solutions are laying the foundation for privacy-first, user-owned authentication systems.

Cloud-First and Hybrid Environments: Solutions that support flexible deployment models are seeing greater traction in enterprise IT strategies.

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Conclusion

In summary, the Passwordless Authentication Market is reshaping digital security by removing the weakest link in the authentication chain: the password. As businesses aim for frictionless user experiences and stronger defenses against cyber threats, passwordless technologies will become the gold standard for identity verification in a connected world.

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Enhancing Cybersecurity with FIDO Authentication Technologies

" FIDO Authentication Market - Size, Share, Demand, Industry Trends and Opportunities

Global FIDO Authentication Market Segmentation, Component (Solution, Services), Deployment Mode (On-Premises, Cloud-Based), Authentication Type (Single-Factor Authentication (SFA), Multi-Factor Authentication (MFA), Passwordless Authentication), Industry Vertical, (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Healthcare, Government, Retail, Education,and Others) – Industry Trends

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**Segments**

- *Authentication Type*: The FIDO Authentication market can be segmented based on authentication type into fingerprint recognition, voice recognition, facial recognition, iris recognition, and others. With increasing emphasis on biometric security solutions, fingerprint and facial recognition technologies are expected to dominate this segment. - *Component*: The market can also be segmented by component into hardware and software. The hardware segment includes fingerprint scanners, cameras, and other physical components, while the software segment includes authentication algorithms, encryption tools, and security protocols. - *End-User Industry*: Another key segmentation is based on end-user industry, such as BFSI, healthcare, IT & telecom, government, and others. The BFSI sector is expected to be a significant contributor to market growth due to the high demand for secure authentication processes.

**Market Players**

- *FIDO Alliance*: As a leading player in the market, FIDO Alliance sets the standards for passwordless authentication and works with industry stakeholders to promote secure authentication methods. - *RSA Security LLC*: A prominent provider of cybersecurity solutions, RSA Security offers FIDO-compliant authentication solutions to help organizations enhance their security posture. - *SAMSUNG*: Leveraging its biometric technologies, Samsung offers FIDO-enabled devices to provide users with secure and convenient authentication options. - *Microsoft Corporation*: Microsoft integrates FIDO authentication standards into its products, such as Windows Hello, to enable passwordless authentication for users. - *Ping Identity*: Ping Identity provides FIDO-based authentication solutions to businesses, enabling them to strengthen their security measures and enhance user experience.

The global FIDO authentication market is witnessing significant growth due to the rising concerns over online security and identity theft. The adoption of biometric authentication methods, such as FIDO standards, is increasing across various industries. Factors such as the shift towards passwordless authentication, regulatory requirements for data security, and the proliferation of online transactions are driving the market growth. The authentication type segment is expected to witness robust growth, with fingerprint and facial recognitionThe FIDO authentication market is experiencing substantial growth as organizations and individuals alike recognize the importance of enhancing online security measures to combat identity theft and cyber threats. The segmentation of the market based on authentication type showcases the variety of biometric solutions available, with fingerprint recognition and facial recognition technologies expected to dominate due to their reliability and ease of use. As the demand for secure authentication processes increases, the market for FIDO Authentication is witnessing a shift towards biometric solutions that offer a higher level of security compared to traditional password-based systems.

The segmentation by component into hardware and software highlights the critical role that both physical components and software tools play in the implementation of FIDO authentication solutions. The hardware segment includes fingerprint scanners, cameras, and other biometric devices that capture and process user data, while the software segment encompasses authentication algorithms, encryption tools, and security protocols that ensure the secure transmission and storage of authentication data. Both hardware and software components are integral to the successful deployment of FIDO authentication systems, reflecting the comprehensive nature of these solutions.

End-user industry segmentation further underscores the widespread adoption of FIDO authentication across various sectors, with industries such as BFSI, healthcare, IT & telecom, government, and others driving the market growth. The BFSI sector, in particular, is a key contributor to the demand for secure authentication processes due to the sensitive nature of financial transactions and customer data. As regulatory requirements for data protection become more stringent, organizations across different industries are turning to FIDO authentication solutions to enhance their security posture and ensure compliance with industry standards.

In terms of market players, leading companies such as FIDO Alliance, RSA Security LLC, SAMSUNG, Microsoft Corporation, and Ping Identity are at the forefront of promoting and implementing FIDO authentication standards. These players offer a range of solutions that leverage biometric technologies and software tools to provide users with secure and convenient authentication options. By collaborating with industry stakeholders and developing innovative authentication solutions, these market players are driving the adoption of FIDO standards and shaping the future of**Global FIDO Authentication Market Segmentation**

**Component: Solution, Services** - *Solution*: The solution component of the FIDO Authentication market includes hardware components such as fingerprint scanners, facial recognition cameras, and biometric devices, along with software components like authentication algorithms, encryption tools, and security protocols that enable secure authentication processes. - *Services*: The services segment comprises consulting, implementation, and support services offered by market players to assist organizations in deploying and managing FIDO authentication solutions effectively.

**Deployment Mode: On-Premises, Cloud-Based** - *On-Premises*: Organizations can choose to deploy FIDO authentication solutions on-premises, allowing them to have full control over the hardware and software components and ensuring data security within their own infrastructure. - *Cloud-Based*: Cloud-based deployment offers scalability and flexibility to organizations, enabling them to access FIDO authentication services over the internet and benefit from reduced infrastructure costs and enhanced accessibility.

**Authentication Type: Single-Factor Authentication (SFA), Multi-Factor Authentication (MFA), Passwordless Authentication** - *Single-Factor Authentication (SFA)*: SFA involves a single method of verifying user identity, such as a fingerprint scan or facial recognition, providing a basic level of security for authentication processes. - *Multi-Factor Authentication (MFA)*: MFA combines two or more authentication factors, such as something the user knows (password) and something the user has (smartphone) to enhance security and prevent unauthorized access. -

Key Coverage in the FIDO Authentication Market Report:

Detailed analysis of Global FIDO Authentication Market by a thorough assessment of the technology, product type, application, and other key segments of the report

Qualitative and quantitative analysis of the market along with calculation for the forecast period

Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth

Comprehensive analysis of the regions of the FIDO Authentication industry and their futuristic growth outlook

Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global FIDO Authentication Market Landscape

Part 04: Global FIDO Authentication Market Sizing

Part 05: Global FIDO Authentication Market by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Reasons to Buy:

Review the scope of the FIDO Authentication Market with recent trends and SWOT analysis.

Outline of market dynamics coupled with market growth effects in coming years.

FIDO Authentication Market segmentation analysis includes qualitative and quantitative research, including the impact of economic and non-economic aspects.

Regional and country level analysis combining FIDO Authentication Market and supply forces that are affecting the growth of the market.

Market value data (millions of US dollars) and volume (millions of units) for each segment and sub-segment.

and strategies adopted by the players in the last five years.

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Data-Driven Decisions: An In-Depth Market Analysis of Passwordless Authentication Solutions Market

Introduction

In an increasingly digital world, traditional passwords are rapidly becoming one of the weakest links in cybersecurity. With billions of compromised passwords exposed in data breaches each year, enterprises are urgently seeking more secure, user-friendly ways to protect sensitive data and systems. Enter passwordless authentication — a security innovation poised to redefine identity verification across industries.

Passwordless authentication eliminates the need for conventional passwords and replaces them with modern solutions such as biometrics, security tokens, and mobile-based authentication systems. As organizations transition toward zero-trust architectures and user-centric security strategies, the passwordless authentication solutions market is projected to experience significant growth, expanding at a rapid pace through 2032.

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Understanding Passwordless Authentication

Passwordless authentication refers to verifying a user's identity without using a password. It relies on alternative forms of verification such as:

Biometric authentication (fingerprint, face, voice recognition)

Hardware tokens (security keys like YubiKey or Titan)

One-time passcodes (OTP) or push notifications

Public Key Infrastructure (PKI) for cryptographic security

FIDO2/WebAuthn standards enabling passwordless web login

This model not only enhances security by eliminating password reuse and phishing vulnerabilities but also improves user experience by simplifying the authentication process.

Market Drivers

1. Rising Cybersecurity Threats and Data Breaches

With high-profile attacks targeting organizations of all sizes, there’s increasing recognition that passwords are easily compromised through phishing, social engineering, credential stuffing, and brute-force attacks. Passwordless solutions drastically reduce the attack surface, making them an attractive investment for security-conscious businesses.

2. Regulatory Compliance and Privacy Standards

Regulations like GDPR, HIPAA, and PCI-DSS push companies toward stronger identity and access management (IAM) frameworks. Passwordless systems offer built-in compliance advantages by ensuring stronger authentication, reducing reliance on user-created passwords, and minimizing the risk of data exposure.

3. Growth of Cloud and Remote Workforces

The COVID-19 pandemic accelerated cloud adoption and remote work trends, increasing the need for secure remote access. Passwordless authentication allows employees and third parties to access corporate networks securely without depending on vulnerable password-based systems.

4. Enhanced User Experience

Passwords often frustrate users due to complexity and frequent reset requirements. Passwordless authentication provides a frictionless, seamless experience that reduces login failures, improves productivity, and boosts customer satisfaction for digital platforms.

Market Segmentation

By Authentication Type:

Biometrics: Fingerprint, facial, and iris recognition are the most adopted forms, particularly for smartphones and enterprise endpoints.

Hardware Tokens: Physical security keys like FIDO2-compliant devices are used across industries for secure, password-free authentication.

Software Authentication: Authenticator apps, OTPs, and push notification-based systems are a popular alternative for both enterprises and consumers.

By Deployment Mode:

On-Premises

Cloud-Based

Hybrid

Cloud-based solutions are growing rapidly thanks to their scalability, easy integration, and lower upfront costs. Hybrid approaches are also increasingly common in regulated industries, where data localization is key.

By End-User Industry:

Banking, Financial Services, and Insurance (BFSI)

Healthcare

Government

IT & Telecommunications

Retail and eCommerce

Manufacturing

Education

BFSI and healthcare lead adoption due to their stringent security needs and the potential consequences of identity compromise.

By Region:

North America is expected to maintain market leadership, thanks to early adoption, a large tech ecosystem, and strict compliance requirements.

Europe is driven by GDPR and initiatives to establish digital trust.

Asia-Pacific is witnessing rapid growth in sectors like fintech, eCommerce, and telecommunications, where mobile-first authentication is common.

Industry Trends

1. Biometric Authentication is Gaining Momentum

Fingerprint scanning and facial recognition have become common on personal devices. In enterprise environments, multimodal biometrics (combining two or more biometric identifiers) is emerging as the gold standard for secure passwordless authentication.

2. Zero Trust Architecture Adoption

Passwordless authentication is a critical enabler of zero trust frameworks, where no user or device is automatically trusted, even inside the network perimeter. This architecture is increasingly popular with businesses adopting hybrid cloud environments.

3. Rise of Decentralized Identity (DID)

Decentralized identity solutions give users control over their own identity information using blockchain and cryptographic techniques, reducing reliance on centralized password databases vulnerable to breaches.

4. Integration of AI and Behavioral Biometrics

Artificial intelligence is now being leveraged to enhance passwordless security by analyzing behavior-based factors such as typing rhythm, gait, mouse movement patterns, and device location, making fraud detection more robust.

Market Challenges

While passwordless authentication is rapidly growing, it does face some hurdles:

Initial Integration Costs: Upgrading systems to support passwordless authentication requires upfront investment in infrastructure, hardware, and training.

Device Dependency: Many passwordless solutions depend on users having smartphones, biometrics-enabled devices, or physical tokens.

Privacy Concerns: Biometric data, if compromised, cannot be “reset” like a password. Storage and transmission of such sensitive data are critical concerns.

Interoperability: Legacy systems in industries like healthcare and manufacturing often lack support for modern authentication protocols.

Competitive Landscape

The passwordless authentication market is highly dynamic, featuring established security vendors and agile startups alike. Key players include:

Microsoft (Windows Hello, Azure Active Directory)

Okta (Adaptive MFA & passwordless access)

Duo Security (Cisco)

HYPR

Yubico

ForgeRock

Ping Identity

RSA Security

Collaborations with device manufacturers and software platforms are central to many providers’ growth strategies.

Future Outlook and Forecast to 2032

Industry analysts project the passwordless authentication market to experience a double-digit CAGR through 2032. This growth is supported by:

The rising frequency of cyberattacks involving stolen credentials.

Increased focus on improving user experience, especially for customer-facing applications.

Enhanced interoperability through open standards such as FIDO2 and WebAuthn.

Growing adoption of multi-factor authentication (MFA) alternatives.

By 2032, passwordless authentication is expected to become the default identity verification approach across industries, replacing passwords for a significant portion of enterprise systems and consumer applications alike.

Conclusion

The passwordless authentication solutions market is on a transformative trajectory. Driven by cybersecurity concerns, digital transformation, and regulatory compliance, enterprises are moving beyond passwords to create a safer and more seamless digital experience for users. Emerging technologies like biometrics, AI-enhanced behavioral analysis, and decentralized identity are poised to accelerate this transition.

For businesses, adopting passwordless authentication is no longer just an option; it’s an essential step toward future-proofing identity security in an increasingly interconnected world.

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The Rise of Passwordless Authentication | Shaping the Future of Digital Security

In an era where cybersecurity threats are becoming more sophisticated, passwordless authentication is emerging as the future of digital security. With traditional password-based security systems being increasingly vulnerable to cyberattacks like phishing, credential stuffing, and data breaches, businesses and individuals are turning towards more secure, seamless, and user-friendly authentication methods. This shift is driving the growth of the passwordless authentication market, which is on track to reach a staggering USD 68.29 billion by 2034.

As organizations strive to enhance security while improving user experiences, passwordless authentication offers a viable solution by eliminating the reliance on passwords, which are often weak or reused. Instead, it leverages biometric identifiers, hardware tokens, and other advanced technologies to authenticate users, providing a robust and reliable alternative.

Analyzing the Passwordless Authentication Market Size

The passwordless authentication market is currently valued at USD 16.59 billion in 2024, with projections showing an impressive growth trajectory. Between 2025 and 2034, the market is expected to grow at a compound annual growth rate (CAGR) of 15.20%. By 2034, this growth will propel the market to an estimated value of USD 68.29 billion.

This growth is being driven by the increasing demand for more secure, efficient, and scalable authentication methods, particularly in industries such as finance, healthcare, and retail. The rapid adoption of mobile devices, cloud computing, and Internet of Things (IoT) technologies is expected to further fuel the need for passwordless solutions, as organizations seek to ensure that their digital environments remain secure without relying on outdated password systems.

Key Trends Driving the Growth of Passwordless Authentication

Several trends are shaping the rapid rise of passwordless authentication solutions. These include:

Biometric Authentication: The integration of biometric authentication methods such as fingerprint scanning, facial recognition, and voice recognition has become a mainstream trend. These methods offer high levels of security while enhancing the user experience by enabling quick and easy access.

Cloud Integration: With the increasing shift to cloud-based platforms, passwordless authentication is becoming integral to securing cloud environments. Businesses are looking for solutions that enable secure, seamless access to cloud-based applications and services without the need for traditional passwords.

Multi-Factor Authentication (MFA): The adoption of multi-factor authentication alongside passwordless technologies is providing an added layer of security. Combining biometric methods with hardware tokens or one-time passcodes (OTP) ensures that users' identities are verified with multiple levels of security.

Adoption in High-Risk Sectors: Industries such as banking, finance, healthcare, and government are increasingly adopting passwordless solutions due to the need for enhanced security and compliance with regulations like GDPR and HIPAA. These sectors face heightened risks and require robust authentication systems to safeguard sensitive data.

Opportunities and Challenges in the Passwordless Authentication Market

Opportunities:

Increasing Cybersecurity Concerns: As data breaches and identity theft become more common, organizations are prioritizing secure authentication solutions. This presents a major opportunity for passwordless authentication providers to fill the gap left by traditional password-based systems.

Adoption in High-Risk Industries: Sectors like finance, healthcare, and retail, which deal with sensitive customer data, are particularly inclined to adopt passwordless solutions to reduce fraud and enhance user trust.

Technological Advancements: The continuous development of biometric technologies, AI, and machine learning will further enhance the capabilities of passwordless authentication solutions, driving greater adoption across various industries.

Challenges:

Privacy and Regulatory Concerns: While passwordless authentication enhances security, it also raises concerns related to privacy and data protection. Stringent regulatory requirements may hinder market growth unless companies can ensure compliance with local and international laws.

Initial Setup Costs: Implementing passwordless authentication solutions can be expensive, particularly for small and medium-sized businesses. The initial cost of adopting these technologies may be a barrier to entry for some organizations.

User Resistance: Some users may be resistant to change, especially if they are accustomed to traditional password-based systems. Overcoming this resistance will require education and user-friendly design in authentication solutions.

Segmentation of the Passwordless Authentication Market

The passwordless authentication market can be segmented in several key ways to understand its structure and growth potential:

By Component:

Hardware

Software

Services

By Product Type:

Fingerprint Authentication

Iris Recognition

Face Recognition

Voice Recognition

Smart Card

Palm Print Recognition

Others

By Authentication Type:

Single-Factor

Multi-Factor

By Portability:

Fixed

Mobile

By End-Use Industry:

Aerospace and Defence

BFSI (Banking, Financial Services, and Insurance)

Government and Law Enforcement

Healthcare

IT and Telecom

Retail

Transportation and Logistics

Others

By Region:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Market Growth Drivers: Why Passwordless Authentication Is the Future

The growing need for seamless, secure digital experiences is driving the demand for passwordless authentication solutions. Several factors contribute to the expansion of this market:

Security Concerns: Traditional passwords are often compromised through phishing attacks or data breaches. Passwordless authentication provides stronger security measures by using biometrics and hardware-based tokens.

User Convenience: Passwordless solutions offer a more convenient experience for users, eliminating the need to remember complex passwords and reducing friction in digital interactions.

Scalability: As organizations scale their operations, they need authentication systems that can easily accommodate a growing number of users without compromising security. Passwordless authentication systems can provide scalable solutions that support large user bases.

Mobile and Cloud Integration: With the growing reliance on mobile devices and cloud services, businesses require solutions that integrate seamlessly into these ecosystems. Passwordless authentication is ideally suited for this environment.

Forecast: What’s Next for the Passwordless Authentication Market?

Looking ahead, the passwordless authentication market is poised for continued growth. By 2034, the market is forecast to reach a valuation of USD 68.29 billion. This growth will be driven by technological advancements, rising cybersecurity threats, and the increasing adoption of digital services across industries. The growing emphasis on user experience, security, and regulatory compliance will continue to fuel the demand for passwordless authentication solutions.

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Competitor Analysis: Leading Companies in the Passwordless Authentication Space

The passwordless authentication market features a range of established companies and new entrants striving to innovate and offer advanced solutions. Some of the key players in this space include:

HID Global Corporation: A leader in identity and access management solutions, offering advanced biometric and card-based authentication methods.

Microsoft Corporation: A dominant force in cloud-based services, driving the integration of passwordless authentication through its Azure Active Directory and Windows Hello platforms.

Google LLC: A global tech giant with a strong focus on improving security and user authentication across its ecosystem, particularly through Google Account services.

IBM Corporation: Known for its cybersecurity expertise, IBM provides enterprises with secure identity management and authentication solutions tailored to complex IT environments.

Fujitsu Limited: Offers biometric authentication technologies, including fingerprint and iris recognition, that help organizations secure their digital assets.

NEC Corporation: A leader in biometric technologies, NEC offers a range of authentication methods, including facial recognition, used in various industries.

Okta, Inc.: A leading identity management provider offering seamless passwordless authentication solutions for enterprises across multiple sectors.

Thales Group: Specializes in providing secure authentication technologies that meet the needs of various industries, including aerospace, government, and finance.

Cisco Systems, Inc.: A key player in network security, Cisco offers passwordless solutions to enhance authentication and protect digital infrastructures.

Secret Double Octopus: Focuses on removing passwords entirely, offering advanced multi-factor authentication solutions that prioritize both security and user experience.

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FIDO Authentication Market Size, Share, and Business Outlook 2032

The FIDO Authentication Market Size was USD 1.5 billion in 2023 and is expected to Reach USD 9.90 billion by 2032 and grow at a CAGR of 23.33% over the forecast period of 2024-2032.

FIDO Authentication Market is expanding rapidly as organizations shift toward passwordless authentication solutions to enhance security and user experience. The rise in cyber threats, phishing attacks, and data breaches has accelerated the demand for FIDO (Fast Identity Online) standards. Leading companies and governments are adopting FIDO-based authentication to eliminate reliance on traditional passwords.

FIDO Authentication Market continues to gain traction as businesses prioritize secure and frictionless authentication methods. With biometric authentication, hardware security keys, and mobile-based authentication becoming mainstream, FIDO protocols provide a robust framework for ensuring password-free security. The adoption of FIDO2 and WebAuthn standards is driving the market forward, reducing authentication vulnerabilities and improving compliance with regulatory requirements.

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Market Keyplayers:

Yubico (YubiKey)

Auth0 (Identity Platform)

Okta (Okta Adaptive Authentication)

Gemalto (Thales) (SafeNet Trusted Access)

Microsoft (Windows Hello)

Google (Google Authenticator)

Apple (Apple Face ID, Touch ID)

Mastercard (ID Check Mobile)

Amazon Web Services (AWS) (AWS Cognito)

Ping Identity (PingOne)

SecureAuth (SecureAuth Identity Platform)

Ubisoft (Ubisoft Connect Authentication)

Duo Security (Duo Push)

(RSA SecurID)

BioConnect (BioConnect Authentication Platform)

Vasco Data Security (Digipass for FIDO)

OneLogin (OneLogin Adaptive Authentication)

Trustonic (Trustonic Secure User Authentication)

Deep Identity (Deep Identity Authentication Services)

HID Global (HID Approve, FIDO2 Authentication)

Market Trends Driving Growth

1. Increasing Adoption of Passwordless Authentication

Organizations are moving away from traditional passwords due to security concerns. FIDO authentication leverages biometrics, public key cryptography, and hardware-based security to provide a seamless login experience.

2. Expansion of Multi-Factor Authentication (MFA)

With cyberattacks on the rise, businesses are integrating FIDO-based authentication into their MFA strategies. This approach enhances security by combining biometric authentication with cryptographic keys.

3. Government Regulations and Compliance

Regulatory bodies are pushing for stronger authentication frameworks. FIDO standards align with global compliance requirements such as PSD2, GDPR, and Zero Trust security models.

4. Growth in Enterprise and Consumer Adoption

Enterprises, financial institutions, and tech companies are implementing FIDO authentication to enhance security while improving user convenience. Consumers are also embracing passwordless authentication through mobile devices and security keys.

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Market Segmentation:

By Component

FIDO Authentication Devices

FIDO Authentication SDKs

FIDO Client SDK

FIDO Server SDK

Services

Technology Consulting

Integration & Deployment

FIDO Certification Services

Support Services

By Application

Payment Processing

PKI/Credential Management

Document Signing

User Authentication

Others

By Industry Vertical

BFSI

Healthcare & Life Sciences

IT & Telecom

Retail & CPG

Government & Defense

Energy & Utilities

Market Analysis and Current Landscape

Key factors influencing market growth include:

Rise in Cyber Threats: As phishing and credential theft increase, businesses are seeking more secure authentication solutions.

Advancements in Biometrics and Hardware Security: Fingerprint, facial recognition, and hardware-based authentication (e.g., YubiKey) are gaining widespread adoption.

Tech Giants Driving Adoption: Companies like Google, Microsoft, and Apple are integrating FIDO authentication into their platforms, making it a global standard.

Regulatory Push for Strong Authentication: Governments worldwide are enforcing stronger authentication measures to mitigate cyber risks.

Despite the positive outlook, challenges such as interoperability issues, integration complexities, and user adoption barriers remain. However, ongoing innovations in authentication technology are addressing these concerns.

Future Prospects: The Road Ahead

1. Expansion Across Industries

FIDO authentication is expected to witness significant adoption in banking, healthcare, e-commerce, and enterprise security as businesses prioritize cybersecurity.

2. Growth of Decentralized Authentication

The rise of decentralized identity solutions and blockchain-based authentication will further enhance the security and privacy of FIDO-based authentication systems.

3. Enhanced User Experience with AI and ML

AI-driven authentication and behavioral biometrics will refine FIDO implementations, reducing friction for users while maintaining high security.

4. Adoption of WebAuthn and FIDO2 in IoT Security

With the growing number of IoT devices, FIDO authentication will play a key role in securing connected ecosystems, preventing unauthorized access.

Access Complete Report: https://www.snsinsider.com/reports/fido-authentication-market-3779 

Conclusion

The FIDO Authentication Market is set for exponential growth as businesses, governments, and consumers embrace passwordless authentication. With rising cyber threats and stricter regulations, FIDO standards are becoming the preferred choice for secure and user-friendly authentication. As technology advances, FIDO authentication will continue to evolve, providing a robust foundation for the future of digital security.

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Passwordless Authentication: A Game-Changer for Digital Security

Passwordless Authentication Market Key Players and Forecast Insights

The latest Passwordless Authentication Market Insight Report for 2024 offers a comprehensive analysis of the industry's key contributions, marketing strategies, and recent advancements by leading companies. This report provides a succinct overview of both historical and current performance metrics for major market players. It employs various analytical methods to deliver precise insights into the Passwordless Authentication Market, with coverage across regions including North America, Europe, Asia Pacific, and more. The recent analysis also includes an in-depth review of the business strategies adopted by emerging industry players, along with detailed information on market segments, geographic coverage, product trends, and cost structures.

What are the growth projections for the Passwordless Authentication Market?

According to Straits Research, the global passwordless authentication market size was worth USD 18.36 billion in 2024 and is projected to grow from USD 21.81 billion in 2025 to reach USD 86.35 billion by 2033, growing at a CAGR of 18.77% during the forecast period (2025-2033).

Get Free Request Sample Report @ https://straitsresearch.com/report/passwordless-authentication-market/request-sample

Top Competitive Players of Passwordless Authentication Market

HID Global Corporation

Microsoft Corporation

Google LLC

IBM Corporation

Fujitsu Limited

NEC Corporation

Okta, Inc.

Thales Group

Cisco Systems, Inc.

Secret Double Octopus

Beyond Identity, Inc.

Dou Security

CyberArk Software Ltd.

SecurEnvoy Ltd.

Safran

Latest trends in the Passwordless Authentication Market are

Growing Adoption of Biometrics: As a safe substitute for conventional passwords, businesses are using biometric authentication techniques (such as fingerprint and facial recognition) more frequently, improving user convenience and security.

Integration with Zero Trust Models: Zero-trust security frameworks, which demand ongoing user identity and device security verification prior to allowing access to resources, are increasingly relying on passwordless authentication.

Emphasis on User Experience: Passwordless techniques are becoming more popular as a result of their capacity to expedite login procedures while upholding strict security standards, as companies place a greater emphasis on seamless digital experiences.

Regulatory Compliance Pressures: Organizations are adopting passwordless solutions that adhere to evolving standards due to stricter data protection rules, especially in industries like healthcare and finance.

The emergence of remote work options: Many firms are implementing passwordless systems as a result of the growing demand for secure authentication solutions that do not require passwords due to the growth of remote work.

Technological Developments: Hardware tokens and one-time passcodes are two examples of authentication technology advancements that improve passwordless solutions' usability and attractiveness.

Key Statistics

Due to large investments in cybersecurity and the need for cutting-edge security solutions in the face of growing cyberthreats, North America is expected to hold the largest market share in 2024, at around 38.4%.

Weak or compromised passwords are the cause of more than 70% of cyber attacks, which is why businesses are looking for solutions like passwordless authentication.

Businesses implementing passwordless solutions report improved user experiences and lower password management risks, which raises adoption rates across a range of industries.

For a sample PDF report, visit @https://straitsresearch.com/report/passwordless-authentication-market/request-sample 

What are the key trends within each segment of the Passwordless Authentication Market?

By Component (2021-2033)

Hardware

Software

Services

By Product Type (2021-2033)

Fingerprint Authentication

Palm Print Recognition

Iris Recognition

Face Recognition

Voice Recognition

Smart Card

Others

By Authentication Type (2021-2033)

Single-factor Authentication

Multi-factor Authentication

By Portability (2021-2033)

Fixed

Mobile

By End-User (2021-2033)

IT & Telecom

Retail

Transportation & Logistics

Aerospace & Defence

BFSI

Healthcare

Government

Others

View the full report and table of contents here: https://straitsresearch.com/report/passwordless-authentication-market/toc

The report forecasts revenue growth at all geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2022 to 2030 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:

North America (U.S., Canada)

Europe (U.K., Germany, France, Italy)

Asia Pacific (China, India, Japan, Singapore, Malaysia)

Latin America (Brazil, Mexico)

Middle East & Africa

Regional Analysis of the Passwordless Authentication Market

With over 36% of the worldwide passwordless authentication market in 2023, North America commands the greatest market share. Because of its robust legislative framework and sophisticated technological infrastructure, the United States alone accounts for over 45% of this share.

Passwordless authentication adoption is significantly increasing in Europe as a result of stricter data protection laws and an increase in cyberthreats. Strong identity verification techniques have also been required under the EU's digital identity program, which encourages passwordless solutions.

With nations like China, India, and Japan undergoing fast digital transformation, the Asia-Pacific region is expected to have the greatest compound annual growth rate (CAGR) in the passwordless authentication market. This expansion is especially noticeable in industries like IT, healthcare, and finance.

This Report is available for purchase on Buy Passwordless Authentication Market Report

Key Highlights

Provide a detailed explanation of various aspects including introduction, product types and applications, market overview, country-specific market analysis, opportunities, risks, and driving forces.

Examine manufacturers, including their profiles, primary business activities, recent news, sales and pricing, revenue, and market share.

Offer an overview of the competitive landscape, detailing sales, revenue, and market share among leading global manufacturers.

Present a detailed market breakdown by type and application, including sales, pricing, revenue, market share, and growth rates.

Analyze key regions—North America, Europe, Asia Pacific, the Middle East, and South America—covering sales, revenue, and market share segmented by manufacturers, types, and applications.

Investigate production costs, essential raw materials, and production methods.

Reasons to Buy:

In-depth analysis of market segmentation.

Country-specific insights alongside global demand and supply dynamics.

Examination of key players, including their products, financial performance, and strategies.

Insights into emerging market trends, opportunities, and challenges.

About Us:

StraitsResearch.com is a leading research and intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & research reports.

Contact Us: Email: sales@straitsresearch.com Address: 825 3rd Avenue, New York, NY, USA, 10022 Tel: +1 6464807505, +44 203 318 2846

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Passwordless Authentication Market 2024 : Size, Growth Rate, Business Module, Product Scope, Regional Analysis And Expansions 2033

The passwordless authentication global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Passwordless Authentication Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The passwordless authentication market size has grown rapidly in recent years. It will grow from $17.13 billion in 2023 to $20.07 billion in 2024 at a compound annual growth rate (CAGR) of 17.2%.  The growth in the historic period can be attributed to increased cybersecurity threats and data breaches, proliferation of mobile devices, regulatory compliance requirements, increased adoption of cloud computing, and incresed awareness of password management best practices.

The passwordless authentication market size is expected to see rapid growth in the next few years. It will grow to $38.30 billion in 2028 at a compound annual growth rate (CAGR) of 17.5%.  The growth in the forecast period can be attributed to heightened focus on user experience and convenience, shift towards zero-trust security architectures, rising demand for stronger authentication methods, growing integration of passwordless authentication, and increasing regulatory emphasis on data protection. Major trends in the forecast period include multi-factor authentication (MFA) solutions, behavioral biometrics, continuous authentication technologies, and innovative solutions.

Order your report now for swift delivery @https://www.thebusinessresearchcompany.com/report/passwordless-authentication-global-market-report

The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers -The growing concerns about data security are expected to propel the growth of the passwordless authentication market going forward. Data security refers to the process of protecting digital information at every stage of its lifecycle to prevent corruption, theft, or unauthorized access. There is growing concern for data security due to several factors, including heightened connectivity, the growing complexity of IT systems, and sophisticated hacking techniques. Passwordless authentication strengthens data security by replacing traditional password-based methods with more secure factors, including biometrics, hardware tokens, or cryptographic keys, thereby enhancing authentication and minimizing the risk of unauthorized access to sensitive data. For instance, in March 2024, according to the Federal Bureau of Investigation (FBI), a US-based law enforcement agency, there were 880,418 cybercrime complaints received by the FBI from the public in 2023, marking a 10% rise from the previous year's figure. Furthermore, in January 2023, according to Check Point Software Technologies Ltd., an Israel-based provider of cyber security solutions, global cyberattacks saw a 38% increase in 2022 compared to 2021. Therefore, growing concerns about data security are driving the growth of the passwordless authentication market.

Market Trends - Major companies operating in the passwordless authentication market are providing innovative solutions, such as secret location authentication services, to maximize their profits in the market. Secret location authentication services refer to a method of passwordless authentication that relies on a user's physical location as a means of verifying their identity. For instance, in April 2024, Center Identity, a US-based cybersecurity company, launched its Patented Secret Location Authentication, a method where users authenticate via a chosen map location, eliminating complex passwords. Instead of requiring traditional passwords or authentication tokens, secret location authentication uses geolocation data to confirm that the user is in a specific, predetermined location. Additionally, it leverages artificial intelligence, ensuring that hints for selected secret locations meet robust cybersecurity standards and offering users an easy recovery mechanism. This cost-effective method requires no additional devices, unlike hardware-dependent solutions. This will help Center Identity optimize productivity while safeguarding businesses with stringent security measures and simplified access management.

The passwordless authentication market covered in this report is segmented –

1) By Type: Fingerprint Authentication, Palm Recognition, Iris Recognition, Face Recognition, Voice Recognition, Smart Card 2) By Component: Hardware, Software, Services 3) By Authentication Type: Single-factor Authentication, Multi-factor Authentication 4) By Portability: Fixed, Mobile 5) By End-user: IT And Telecom, Retail, Transportation And Logistics, Aerospace And Defense, BFSI, Healthcare, Government

Get an inside scoop of the passwordless authentication market, Request now for Sample Report @https://www.thebusinessresearchcompany.com/sample.aspx?id=15436&type=smp Regional Insights - North America was the largest region in the passwordless authentication market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the passwordless authentication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the passwordless authentication market are  Microsoft Corporation, International Business Machines Corporation (IBM), Fujitsu Limited, NEC Corporation, Thales Group, Okta Inc., HID Global Corporation, Entrust Corporation, LogMeIn Inc., Ping Identity Corporation, Duo Security LLC, Signicat AS, Prove Identity Inc., OneLogin Inc., Beyond Identity Inc., Stytch Inc., Trusona Inc., HYPR Corp., Ubisecure Limited, Secret Double Octopus Ltd., EmpowerID LLC, Veridium Ltd., IDEE GmbH, Yubico AB, LogMeOnce LLC

Table of Contents 1. Executive Summary 2. Passwordless Authentication Market Report Structure 3. Passwordless Authentication Market Trends And Strategies 4. Passwordless Authentication Market – Macro Economic Scenario 5. Passwordless Authentication Market Size And Growth ….. 27. Passwordless Authentication Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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Passwordless Authentication Software Market Comprehensive Analysis, Key Segments Poised for Strong Growth in Future 2031

The Insight Partners introduces its new market research as “Passwordless Authentication Software Market Industry Analysis| 2031”. The company specializes in syndicated market research and consultation services. Through this research company is offering both qualitative and quantitative data assisting Passwordless Authentication Software market investors.

Key Chapters Under This Research

Current Market Scenario and Estimates to 2031

Passwordless Authentication Software market research report identifies overall market share, market size, and revenue potential guiding companies on market economics. Understanding the customer base and demand generated by them is crucial for the business to narrow down its products. Market size helps companies to guess demand in certain markets and understand future projections through this chapter.

Market Drivers, Opportunities, and Trends

This chapter offers insights on factors that support market share expansion in the projected period. This section further dives deeper to explore trends and ongoing R&D in the industry.  

Market Competition Analysis

This chapter offers insights on established and new entrant Passwordless Authentication Software market players. Understanding competition helps companies understand their position in the market. Through this chapter, the report offers insights on threats and opportunities ahead of Passwordless Authentication Software market players. Comparing pricing strategies and organic growth strategies used by key market participants provides opportunities for growth in the Passwordless Authentication Software market.

Report Attributes

Details

Segmental Coverage

Deployment Type

On-premise

Cloud

End User

BFSI

IT and Telecomm

Healthcare

Government

Defense and Surveillance

Consumer Electronics

Others

Regional and Country Coverage

North America (US, Canada, Mexico)

Europe (UK, Germany, France, Russia, Italy, Rest of Europe)

Asia Pacific (China, India, Japan, Australia, Rest of APAC)

South / South & Central America (Brazil, Argentina, Rest of South/South & Central America)

Middle East & Africa (South Africa, Saudi Arabia, UAE, Rest of MEA)

Market Leaders and Key Company Profiles

1Kosmos Inc.

Authentiq BV

cidaas

Microsoft Corporation

HYPR Corp

IDEE GmbH

Identite, Inc.

IdRamp

Ping Identity

Secret Double Octopus

Other key companies 

Research Methodology

This Passwordless Authentication Software market report includes findings based on scrutiny of different factors impacting on business environment. Both primary and secondary methods of research are used to generate insights. Details on Passwordless Authentication Software market share, key players, micro-financial pointers, and other demographic factors.

Key market players are analyzed for their market share and overall growth in the industry. Based on forecast duration, these key market players are evaluated for their incomes. This market research brings local, regional, and national level information on the market

Go-To-Market Framework:

Development trends, competitive landscape analysis, supply-side analysis, demand-side analysis, year-on-year growth, competitive benchmarking, vendor identification, CMI quadrant, and other significant analysis, as well as development status.

Customized regional/country reports as per request and country-level analysis.

Potential & niche segments and regions exhibiting promising Passwordless Authentication Software market growth are covered.

Analysis of Passwordless Authentication Software Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape, and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Key Benefits for Buyers

Strategic Insights to increase per-customer revenue and overall consumer experience.

Assistance and strategic roadmap to device marketing tactics

Details-oriented approach, authorized information, and new optimal business solutions

Preferred target demographic, regions, and market channels

Customized Insights and Consultation services.

Author’s Bio:

Anna Green

Research Associate at The Insight Partners

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Passwordless Authentication Software Market Growing Popularity and Emerging Trends in the Industry

Global Passwordless Authentication Software Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player’s market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. Major Players in This Report Include Ping Identity Corp (United States),Yubico (United States),Secret Double Octopus (Israel),Microsoft (United States),Authentiq BV (United States),1Kosmos (United States),Cidaas (Germany),Groove id (United States),HYPR (United States),IDEE GmbH (Germany)

Passwordless authentication is a type of multi-factor authentication that eliminates a password as an authentication type. Instead of using passwords, passwordless authentication relies on authenticating a user via other means, such as something a user has (like a trusted mobile device or a hardware security key) and something that they are (scanning their fingerprint). The most common use cases for passwordless authentication include either workforce authentication or customer authentication. Furthermore, companies use passwordless authentication to improve end-user experience, as many people forget or reuse unsecured passwords. Reduce security risks to the company stemming from breached passwords. And reduce the cost of maintaining passwords and lifting the burden of password resets on help desk teams. Market Drivers The Rising Risks from Phishing and Password Attacks

The Growing Need to Offer Enhanced Customer Experience

Upsurging Demand for Passwordless Authentication Solutions To Reduce Total Cost of Ownership (TCO)

Passwords are Burden for the IT Staffs in Many Ways is the Key Factor Driving the Market Growth

Market Trend Technological Advancements in Passwordless Authentication Software

Opportunities The Rising Adoption of Passwordless Authentication Software across the Medium Size Enterprises

The Passwordless Authentication Software market study is being classified by Type (Cloud-Based, Web-based), Organization Size (SMEs, Large Enterprises), Industry Vertical (BFSI, IT and Telecomm, Healthcare, Government, Defense and Surveillance, Consumer Electronics, Others) Presented By

AMA Research & Media LLP

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Passwordless Authentication SoftwareMarket to Scale New Heights as Market Players Focus on Innovations 2022 – 2027

Latest business intelligence report released on Global Passwordless Authentication Software Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Passwordless Authentication Software market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are:

Ping Identity Corp (United States)

Yubico (United States)

Secret Double Octopus (Israel)

Microsoft (United States)

Authentiq BV (United States)

1Kosmos (United States)

Cidaas (Germany)

Groove id (United States)

HYPR (United States)

IDEE GmbH (Germany)

Passwordless authentication is a type of multi-factor authentication that eliminates a password as an authentication type. Instead of using passwords, passwordless authentication relies on authenticating a user via other means, such as something a user has (like a trusted mobile device or a hardware security key) and something that they are (scanning their fingerprint). The most common use cases for passwordless authentication include either workforce authentication or customer authentication. Furthermore, companies use passwordless authentication to improve end-user experience, as many people forget or reuse unsecured passwords. Reduce security risks to the company stemming from breached passwords. And reduce the cost of maintaining passwords and lifting the burden of password resets on help desk teams. Key Market Trends: Technological Advancements in Passwordless Authentication Software Opportunities: The Rising Adoption of Passwordless Authentication Software across the Medium Size Enterprises Market Growth Drivers: The Rising Risks from Phishing and Password Attacks

The Growing Need to Offer Enhanced Customer Experience

Upsurging Demand for Passwordless Authentication Solutions To Reduce Total Cost of Ownership (TCO)

Passwords are Burden for the IT Staffs in Many Ways is the Key Factor Driving the Market Growth

The Global Passwordless Authentication Software Market segments and Market Data Break Down 22014

Presented By

AMA Research & Media LLP

[efrost]

Passwordless Authentication Software Unidentified Segments – The Biggest Opportunity Of 2022

Latest Report Available at Advance Market Analytics, “Passwordlesss  Authentication Software Market” provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth. The global Passwordless Authentication Software market focuses on encompassing major statistical evidence for the Passwordless Authentication Software industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. A comprehensive addition of several factors such as global distribution, manufacturers, market size, and market factors that affect the global contributions are reported in the study. In addition the Passwordless Authentication Software study also shifts its attention with an in-depth competitive landscape, defined growth opportunities, market share coupled with product type and applications, key companies responsible for the production, and utilized strategies are also marked.Some key players in the global Passwordless Authentication Software market are

Ping Identity Corp (United States)

Yubico (United States)

Secret Double Octopus (Israel)

Microsoft (United States)

Authentiq BV (United States)

1Kosmos (United States)

Cidaas (Germany)

Groove id (United States)

HYPR (United States)

IDEE GmbH (Germany)

Passwordless authentication is a type of multi-factor authentication that eliminates a password as an authentication type. Instead of using passwords, passwordless authentication relies on authenticating a user via other means, such as something a user has (like a trusted mobile device or a hardware security key) and something that they are (scanning their fingerprint). The most common use cases for passwordless authentication include either workforce authentication or customer authentication. Furthermore, companies use passwordless authentication to improve end-user experience, as many people forget or reuse unsecured passwords. Reduce security risks to the company stemming from breached passwords. And reduce the cost of maintaining passwords and lifting the burden of password resets on help desk teams.What's Trending in Market: Technological Advancements in Passwordless Authentication Software

Challenges:

Market Growth Drivers: The Rising Risks from Phishing and Password Attacks

The Growing Need to Offer Enhanced Customer Experience

Upsurging Demand for Passwordless Authentication Solutions To Reduce Total Cost of Ownership (TCO)

Passwords are Burden for the IT Staffs in Many Ways is the Key Factor Driving the Market Growth

The Global Passwordless Authentication Software Market segments and Market Data Break Downby Type (Cloud-Based, Web-based), Organization Size (SMEs, Large Enterprises), Industry Vertical (BFSI, IT and Telecomm, Healthcare, Government, Defense and Surveillance, Consumer Electronics, Others)

Presented By

AMA Research & Media LLP