INFORMATION & COMMUNICATION TECHNOLOGY
Global Passwordless Authentication Solutions Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Passwordless Authentication Solutions Market, By Authentication Type (Biometric authentication, Multi-factor authentication (MFA), Public key infrastructure (PKI), Smart cards, Token-based authentication), Component (Hardware, Software, Services), Deployment Mode (On-premises and Cloud-based), Organization Size (Small and medium enterprises (SMEs), Large enterprises), Application (Access control, Identity verification, Fraud prevention, Transaction security, Compliance management), Industry Vertical (BFSI (Banking, Financial Services, and Insurance), It and telecom, Healthcare, Retail and e-commerce, Government, Education, Media and entertainment, Others), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global passwordless authentication solutions market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Passwordless Authentication Solutions are advanced security solutions that authenticate users without using traditional passwords. These systems use different techniques to confirm identity, like hardware tokens, one-time passcodes sent to the user's device, or biometric data (facial recognition, fingerprints). These solutions increase security, lower the possibility of phishing attacks, and enhance user experience by doing away with passwords. The Passwordless Authentication Solutions Market includes the industry that develops, implements, and supports these authentication systems. It includes a variety of segments such as biometric systems, hardware-based solutions, and software platforms that provide secure access without passwords. This market includes important companies who provide new solutions to businesses and organizations intending to strengthen security protocols and streamline user authentication processes.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Increasing cybersecurity threats and data breaches.
- Demand for improved user experience and convenience.
RESTRAINTS
- High implementation and integration costs.
- Privacy concerns and data protection issues.
OPPORTUNITIES
- Expansion in emerging markets and industries.
- Integration with existing enterprise security systems.
CHALLENGES
- Resistance to change from traditional authentication methods.
- Managing diverse and evolving security threats.
SEGMENTATION
- Authentication Type
- Biometric authentication
- Fingerprint Recognition
- Facial Recognition
- Voice Recognition
- Iris Recognition
- Behavioral Biometrics
- Multi-factor authentication (MFA)
- Hardware tokens
- Software tokens
- One-time passwords (OTP)
- Public key infrastructure (PKI)
- Digital certificates
- Cryptographic keys
- Smart cards
- Token-based authentication
- Component
- Hardware
- Biometric scanners
- Smart cards
- Security tokens
- Others
- Software
- Authentication software
- Identity management software
- Others
- Services
- Professional services
- Managed services
- Deployment Mode
- On-premises
- Cloud-based
- Organization Size
- Small and medium enterprises (SMEs)
- Large enterprises
- Application
- Access control
- Identity verification
- Fraud prevention
- Transaction security
- Compliance management
- Industry Vertical
- BFSI (Banking, Financial Services, and Insurance)
- It and telecom
- Healthcare
- Retail and e-commerce
- Government
- Education
- Media and entertainment
- Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Apple
- IBM
- Microsoft
- Okta
- RSA Security (a division of Dell Technologies)
- Thales Group
- Ping Identity
- Cisco Duo
- AuthID Verified Workforce
- Axiad Cloud
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Passwordless Authentication Solutions Market, by Authentication Type
- 3.2 Global Passwordless Authentication Solutions Market, by Component
- 3.3 Global Passwordless Authentication Solutions Market, by Deployment Mode
- 3.4 Global Passwordless Authentication Solutions Market, by Organization Size
- 3.5 Global Passwordless Authentication Solutions Market, by Application
- 3.6 Global Passwordless Authentication Solutions Market, by Industry Vertical
- 3.7 Global Passwordless Authentication Solutions Market, by Geography
- 3.8 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Growing adoption of biometric authentication.
- 5.1.2 Integration with emerging technologies like IoT and AI.
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Increasing cybersecurity threats and data breaches.
- 5.2.2 Demand for improved user experience and convenience.
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High implementation and integration costs.
- 5.3.2 Privacy concerns and data protection issues.
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Expansion in emerging markets and industries.
- 5.4.2 Integration with existing enterprise security systems.
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Resistance to change from traditional authentication methods.
- 5.5.2 Managing diverse and evolving security threats.
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL PASSWORDLESS AUTHENTICATION SOLUTIONS MARKET, BY AUTHENTICATION TYPE
- 6.1 Authentication Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Passwordless Authentication Solutions Market, by Authentication Type (2019-2032)
- SECTION 7 - GLOBAL PASSWORDLESS AUTHENTICATION SOLUTIONS MARKET, BY COMPONENT
- 7.1 Component Summary
- 7.2 Market Attractive Index
- 7.3 Global Passwordless Authentication Solutions Market, by Component (2019-2032)
- SECTION 8 - GLOBAL PASSWORDLESS AUTHENTICATION SOLUTIONS MARKET, BY DEPLOYMENT MODE
- 8.1 Deployment Mode Summary
- 8.2 Market Attractive Index
- 8.3 Global Passwordless Authentication Solutions Market, by Deployment Mode (2019-2032)
- SECTION 9 - GLOBAL PASSWORDLESS AUTHENTICATION SOLUTIONS MARKET, BY ORGANIZATION SIZE
- 9.1 Organization Size Summary
- 9.2 Market Attractive Index
- 9.3 Global Passwordless Authentication Solutions Market, by Organization Size (2019-2032)
- SECTION 10 - GLOBAL PASSWORDLESS AUTHENTICATION SOLUTIONS MARKET, BY APPLICATION
- 10.1 Application Summary
- 10.2 Market Attractive Index
- 10.3 Global Passwordless Authentication Solutions Market, by Application (2019-2032)
- SECTION 11 - GLOBAL PASSWORDLESS AUTHENTICATION SOLUTIONS MARKET, BY INDUSTRY VERTICAL
- 11.1 Industry Vertical Summary
- 11.2 Market Attractive Index
- 11.3 Global Passwordless Authentication Solutions Market, by Industry Vertical (2019-2032)
- SECTION 12 - GLOBAL PASSWORDLESS AUTHENTICATION SOLUTIONS MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global Passwordless Authentication Solutions Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA PASSWORDLESS AUTHENTICATION SOLUTIONS MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America Passwordless Authentication Solutions Market, by Authentication Type (2019-2032)
- 13.4 North America Passwordless Authentication Solutions Market, by Component (2019-2032)
- 13.5 North America Passwordless Authentication Solutions Market, by Deployment Mode (2019-2032)
- 13.6 North America Passwordless Authentication Solutions Market, by Organization Size (2019-2032)
- 13.7 North America Passwordless Authentication Solutions Market, by Application (2019-2032)
- 13.8 North America Passwordless Authentication Solutions Market, by Industry Vertical (2019-2032)
- 13.9 North America Passwordless Authentication Solutions Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE PASSWORDLESS AUTHENTICATION SOLUTIONS MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe Passwordless Authentication Solutions Market, by Authentication Type (2019-2032)
- 14.4 Europe Passwordless Authentication Solutions Market, by Component (2019-2032)
- 14.5 Europe Passwordless Authentication Solutions Market, by Deployment Mode (2019-2032)
- 14.6 Europe Passwordless Authentication Solutions Market, by Organization Size (2019-2032)
- 14.7 Europe Passwordless Authentication Solutions Market, by Application (2019-2032)
- 14.8 Europe Passwordless Authentication Solutions Market, by Industry Vertical (2019-2032)
- 14.9 Europe Passwordless Authentication Solutions Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC PASSWORDLESS AUTHENTICATION SOLUTIONS MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific Passwordless Authentication Solutions Market, by Authentication Type (2019-2032)
- 15.4 Asia-Pacific Passwordless Authentication Solutions Market, by Component (2019-2032)
- 15.5 Asia-Pacific Passwordless Authentication Solutions Market, by Deployment Mode (2019-2032)
- 15.6 Asia-Pacific Passwordless Authentication Solutions Market, by Organization Size (2019-2032)
- 15.7 Asia-Pacific Passwordless Authentication Solutions Market, by Application (2019-2032)
- 15.8 Asia-Pacific Passwordless Authentication Solutions Market, by Industry Vertical (2019-2032)
- 15.9 Asia-Pacific Passwordless Authentication Solutions Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA PASSWORDLESS AUTHENTICATION SOLUTIONS MARKET
- 16.1 South America Summary
- 16.2 Market Attractive Index
- 16.3 South America Passwordless Authentication Solutions Market, by Authentication Type (2019-2032)
- 16.4 South America Passwordless Authentication Solutions Market, by Component (2019-2032)
- 16.5 South America Passwordless Authentication Solutions Market, by Deployment Mode (2019-2032)
- 16.6 South America Passwordless Authentication Solutions Market, by Organization Size (2019-2032)
- 16.7 South America Passwordless Authentication Solutions Market, by Application (2019-2032)
- 16.8 South America Passwordless Authentication Solutions Market, by Industry Vertical (2019-2032)
- 16.9 South America Passwordless Authentication Solutions Market, by Country (2019-2032)
- 16.9.1 Brazil
- 16.9.2 Argentina
- 16.9.3 Chile
- 16.9.4 Colombia
- 16.9.5 Rest of South America
- SECTION 17 - MIDDLE EAST AND AFRICA PASSWORDLESS AUTHENTICATION SOLUTIONS MARKET
- 17.1 Middle East and Africa Summary
- 17.2 Market Attractive Index
- 17.3 Middle East and Africa Passwordless Authentication Solutions Market, by Authentication Type (2019-2032)
- 17.4 Middle East and Africa Passwordless Authentication Solutions Market, by Component (2019-2032)
- 17.5 Middle East and Africa Passwordless Authentication Solutions Market, by Deployment Mode (2019-2032)
- 17.6 Middle East and Africa Passwordless Authentication Solutions Market, by Organization Size (2019-2032)
- 17.7 Middle East and Africa Passwordless Authentication Solutions Market, by Application (2019-2032)
- 17.8 Middle East and Africa Passwordless Authentication Solutions Market, by Industry Vertical (2019-2032)
- 17.9 Middle East and Africa Passwordless Authentication Solutions Market, by Country (2019-2032)
- 17.9.1 Kingdom of Saudi Arabia
- 17.9.2 South Africa
- 17.9.3 U.A.E.
- 17.9.4 Egypt
- 17.9.5 Rest of Middle East and Africa
- SECTION 18 - COMPANY SHARE ANALYSIS
- 18.1 Global Passwordless Authentication Solutions Market, Company Share Analysis
- 18.2 North America Passwordless Authentication Solutions Market, Company Share Analysis
- 18.3 Europe Passwordless Authentication Solutions Market, Company Share Analysis
- 18.4 Asia-Pacific Passwordless Authentication Solutions Market, Company Share Analysis
- SECTION 19 - COMPANY PROFILES
- 19.1 Apple
- 19.1.1 Company Snapshot
- 19.1.2 Financial Overview
- 19.1.3 Product Portfolio
- 19.1.4 Recent Developments
- 19.2 Google
- 19.2.1 Company Snapshot
- 19.2.2 Financial Overview
- 19.2.3 Product Portfolio
- 19.2.4 Recent Developments
- 19.3 IBM
- 19.3.1 Company Snapshot
- 19.3.2 Financial Overview
- 19.3.3 Product Portfolio
- 19.3.4 Recent Developments
- 19.4 Microsoft
- 19.4.1 Company Snapshot
- 19.4.2 Financial Overview
- 19.4.3 Product Portfolio
- 19.4.4 Recent Developments
- 19.5 Okta
- 19.5.1 Company Snapshot
- 19.5.2 Financial Overview
- 19.5.3 Product Portfolio
- 19.5.4 Recent Developments
- 19.6 RSA Security (a division of Dell Technologies)
- 19.6.1 Company Snapshot
- 19.6.2 Financial Overview
- 19.6.3 Product Portfolio
- 19.6.4 Recent Developments
- 19.7 Thales Group
- 19.7.1 Company Snapshot
- 19.7.2 Financial Overview
- 19.7.3 Product Portfolio
- 19.7.4 Recent Developments
- 19.8 Ping Identity
- 19.8.1 Company Snapshot
- 19.8.2 Financial Overview
- 19.8.3 Product Portfolio
- 19.8.4 Recent Developments
- 19.9 Cisco Duo
- 19.9.1 Company Snapshot
- 19.9.2 Financial Overview
- 19.9.3 Product Portfolio
- 19.9.4 Recent Developments
- 19.10 AuthID Verified Workforce
- 19.10.1 Company Snapshot
- 19.10.2 Financial Overview
- 19.10.3 Product Portfolio
- 19.10.4 Recent Developments
- SECTION 20 - RELATED REPORTS
- SECTION 21 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.