Product Code: GVR-4-68039-996-6
Passwordless Authentication Market Growth & Trends:
The global passwordless authentication market size is expected to reach USD 55.70 billion by 2030, growing at promising 18.2% CAGR, according to a new report by Grand View Research, Inc. Passwordless authentication is a security procedure that uses unique biological traits of a person to validate their authenticity. The increasing adoption of smartphones and other electronic gadgets is a crucial element driving the biometric authentication market forward.
According to a July 2022 Oxford Economics and Samsung study, up to 85% of small and midsize enterprises allow all or most of their staff to use mobile devices for work. Personal laptops and smartphones used by employees might expose a small firm to the dangers of unauthorized access to proprietary data, files, and systems. Such solutions remain the need of the hour and growing focus of many companies around the world.
For instance, in September 2022, AaDya Security, a cyber-security firm, announced the availability of passwordless authentication for Judy, the first all-in-one cybersecurity solution for SMEs. The new security feature protects how small business employees access company resources, mainly when they operate remotely and on mobile phones and personal laptops.
The growing requirement for an additional layer of protection beyond passwords fuels the growth of the passwordless authentication industry. To authenticate identities, fingerprint sensors and smartcards are utilized, and these security points allow for a seamless experience and data flow across locations. Most businesses are using voice biometric authentication in their workplaces for their personnel.
Reduced fraud exposure and lower authentication costs often drive organizations to implement voice biometric technology in their facilities. For instance, in July 2022, Turant Inc., a voice biometric AI firm, launched its cutting-edge AI solution in India. The company seeks to eliminate OTP-related fraud in transactions across use cases across business/industry domains, including e-commerce deliveries, by making it available in all Indian languages and roughly 20,000 dialects.
Furthermore, due to the increasing number of incidences of data theft around the world, passwordless authentication has gained popularity. Data theft issues in devices such as computers, cellphones, and tablets have increased the requirement for protection beyond passwords. fingerprint sensors and facial recognition are ways modern gadgets can be secured to prevent data theft.
For instance, in August 2022, ForgeRock, an international identity and access management software business, established strategic cooperation with Israeli software company Secret Double Octopus. ForgeRock will use SDO technology to provide employees, contractors, and vendors with a unified multi-factor secure experience. ForgeRock Enterprise Connect, the new solution, connects effortlessly with any ForgeRock deployment option, allowing organizations to gain increased security for databases, workstations, VPNs, and servers.
Passwordless Authentication Market Report Highlights:
- Growing investments in developed countries such as the U.S., Canada, Germany, France, and the U.K. for implementing passwordless authentication technology is a crucial factor driving the growth
- Fingerprint recognition and facial recognition provide various benefits. The increased security, accountability, convenience, and their non-transferable nature are crucial drivers for the growth
- The surge in e-commerce and internet banking, as well as legislations by various authorities such as central banks mandates large organizations to utilize robust authentication mechanisms to authenticate customers
- Multi-factor authentication protects clients from phishing attempts and fraudulent purchases and secures transactions
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 Gvr's Internal Database
- 1.3.3 Secondary Sources & Third Party Perspective
- 1.3.4 Primary Research
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation And Data Visualization
- 1.6 Data Validation And Publishing
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.1.1 Global Passwordless Authentication Market Size Estimates & Forecasts, 2017 - 2030 (USD Billion)
- 2.2 Segmental Outlook
- 2.2.1 Global Passwordless Authentication Market, By Region, 2017 - 2030 (USD Billion)
- 2.2.2 Global Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 2.2.3 Global Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 2.2.4 Global Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Million)
- 2.2.5 Global Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 2.2.6 Global Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
Chapter 3 Market Variables, Trends & Scope
- 3.1 Market Introduction
- 3.2 Industry Value Chain Analysis
- 3.3 Market Dynamics
- 3.3.1 Covid - 19 Impact Analysis
- 3.3.2 Market Driver Analysis
- 3.3.2.1 An Increasing Need For An Additional Layer Of Protection Beyond Passwords.
- 3.3.2.2 Increasing Use Of Smartphones And Other Consumer Electronics
- 3.3.3 Market Restraint/Challenges Analysis
- 3.3.3.1 High Cost Of Establishment
- 3.4 Key Small-Sized Passwordless Authentication Companies, By Region/Country
- 3.5 Penetration & Growth Prospect Mapping
- 3.6 Industry Analysis - Porter's
- 3.7 Key Company Ranking Analysis, 2021
- 3.8 Pest Analysis
Chapter 4 Passwordless Authentication Market: Component Outlook
- 4.1 Component Movement Analysis & Market Share, 2021 & 2030
- 4.2 Hardware
- 4.2.1 Hardware Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 4.3 Software
- 4.3.1 Software Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 4.4 Services
- 4.4.1 Services Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
Chapter 5 Passwordless Authentication Market: Product Type Outlook
- 5.1 Product Type Movement Analysis & Market Share, 2021 & 2030
- 5.2 Fingerprint Authentication
- 5.2.1 Fingerprint Authentication Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 5.3 Palm Recognition
- 5.3.1 Palm Recognition Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 5.4 Iris Recognition
- 5.4.1 Iris Recognition Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 5.5 Face Recognition
- 5.5.1 Face Recognition Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 5.6 Voice Recognition
- 5.6.1 Voice Recognition Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 5.7 Smart Card
- 5.7.1 Smart Card Recognition Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 5.8 Others
- 5.8.1 Others Recognition Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
Chapter 6 Passwordless Authentication Market: Authentication Type Outlook
- 6.1 Authentication Type Movement Analysis & Market Share, 2021 & 2030
- 6.2 Single-Factor
- 6.2.1 Single-Factor Passwordless Authentication Market Size Estimates And Forecastes, 2017 - 2030 (USD Million)
- 6.3 Multi-Factor
- 6.3.1 Multi-Factor Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 7 Passwordless Authentication Market: Portability Outlook
- 7.1 Portability Movement Analysis & Market Share, 2021 & 2030
- 7.2 Fixed
- 7.2.1 Fixed Passwordless Authentication Market Size Estimates And Forecastes, 2017 - 2030 (USD Million)
- 7.3 Mobile
- 7.3.1 Mobile Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 8 Passwordless Authentication Market: End-User Outlook
- 8.1 End-User Movement Analysis & Market Share, 2021 & 2030
- 8.2 It & Telecom
- 8.2.1 It & Telecom Authentication Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 8.3 Retail
- 8.3.1 Retail Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 8.4 Transportation & Logistics
- 8.4.1 Transportation & Logistics Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 8.5 Aerospace & Defence
- 8.5.1 Aerospace & Defence Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 8.6 Bfsi
- 8.6.1 Bfsi Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 8.7 Healthcare
- 8.7.1 Healthcare Recognition Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 8.8 Government
- 8.8.1 Government Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
- 8.9 Others
- 8.9.1 Others Recognition Passwordless Authentication Market Size Estimates And Forecasts, 2017 - 2030 (USD Billion)
Chapter 9 Regional Estimates And Trend Analysis
- 9.1 Regional Market Size Estimates & Forecasts, 2021 & 2030 (USD Billion)
- 9.2 Regional Movement Analysis & Market Share, 2021 & 2030
- 9.3 North America
- 9.3.1 North America Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.3.2 North America Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.3.3 North America Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.3.4 North America Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.3.5 North America Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
- 9.3.6 U.S.
- 9.3.6.1 U.S. Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.3.6.2 U.S. Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.3.6.3 U.S. Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.3.6.4 U.S. Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.3.6.5 U.S. Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
- 9.3.7 Canada
- 9.3.7.1 Canada Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.3.7.2 Canada Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.3.7.3 Canada Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.3.7.4 Canada Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.3.7.5 Canada Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
- 9.3.8 Mexico
- 9.3.8.1 Mexico Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.3.8.2 Mexico Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.3.8.3 U.S. Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.3.8.4 Mexico Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.3.8.5 Mexico Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
- 9.4 Europe
- 9.4.1 Europe Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.4.2 Europe Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.4.3 Europe Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.4.4 Europe Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.4.5 Europe Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
- 9.4.6 U.K.
- 9.4.6.1 U.K. Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.4.6.2 U.K. Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.4.6.3 U.K. Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.4.6.4 U.K. Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.4.6.5 U.K. Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
- 9.4.7 Germany
- 9.4.7.1 Germany Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.4.7.2 Germany Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.4.7.3 Germany Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.4.7.4 Germany Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.4.7.5 Germany Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
- 9.4.8 France
- 9.4.8.1 France Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.4.8.2 France Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.4.8.3 France Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.4.8.4 France Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.4.8.5 France Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
- 9.5 Asia Pacific
- 9.5.1 Asia Pacific Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.5.2 Asia Pacific Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.5.3 Asia Pacific Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.5.4 Asia Pacific Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.5.5 Asia Pacific Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
- 9.5.6 China
- 9.5.6.1 China Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.5.6.2 China Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.5.6.3 China Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.5.6.4 China Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.5.6.5 China Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
- 9.5.7 India
- 9.5.7.1 India Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.5.7.2 India Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.5.7.3 India Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.5.7.4 India Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.5.7.5 India Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
- 9.5.8 Japan
- 9.5.8.1 Japan Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.5.8.2 Japan Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.5.8.3 Japan Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.5.8.4 Japan Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.5.8.5 Japan Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
- 9.6 Central & South America
- 9.6.1 Central & South America Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.6.2 Central & South America Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.6.3 Central & South America Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.6.4 Central & South America Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.6.5 Central & South America Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
- 9.6.6 Brazil
- 9.6.6.1 Brazil Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.6.6.2 Brazil Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.6.6.3 Brazil Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.6.6.4 Brazil Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.6.6.5 Brazil Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
- 9.7 Mea
- 9.7.1 Mea Passwordless Authentication Market, By Component, 2017 - 2030 (USD Billion)
- 9.7.2 Mea Passwordless Authentication Market, By Product Type, 2017 - 2030 (USD Billion)
- 9.7.3 Mea Passwordless Authentication Market, By Authentication Type, 2017 - 2030 (USD Billion)
- 9.7.4 Mea Passwordless Authentication Market, By Portability, 2017 - 2030 (USD Billion)
- 9.7.5 Mea Passwordless Authentication Market, By End-User, 2017 - 2030 (USD Billion)
Chapter 10 Competitive Landscape
- 10.1 Company Profiles
- 10.1.1 Assa Abloy
- 10.1.1.1 Company Overview
- 10.1.1.2 Product Benchmarking
- 10.1.1.3 Recent Developments
- 10.1.2 Dermalog Identification Systems Gmbh
- 10.1.2.1 Company Overview
- 10.1.2.2 Product Benchmarking
- 10.1.2.3 Recent Developments
- 10.1.3 East Shore Technology, Llc
- 10.1.3.1 Company Overview
- 10.1.3.2 Financial Performance
- 10.1.3.3 Product Benchmarking
- 10.1.3.4 Recent Developments
- 10.1.4 Fujitsu
- 10.1.4.1 Company Overview
- 10.1.4.2 Product Benchmarking
- 10.1.4.3 Recent Developments
- 10.1.5 Hid Global Corporation
- 10.1.5.1 Company Overview
- 10.1.5.2 Product Benchmarking
- 10.1.6 M2sys Technology
- 10.1.6.1 Company Overview
- 10.1.6.2 Product Benchmarking
- 10.1.6.3 Recent Developments
- 10.1.7 Microsoft
- 10.1.7.1 Company Overview
- 10.1.7.2 Financial Performance
- 10.1.7.3 Product Benchmarking
- 10.1.7.4 Recent Developments
- 10.1.8 Nec Corporation
- 10.1.8.1 Company Overview
- 10.1.8.2 Financial Performance
- 10.1.8.3 Product Benchmarking
- 10.1.8.4 Recent Developments
- 10.1.9 Safran
- 10.1.9.1 Company Overview
- 10.1.9.2 Financial Performance
- 10.1.9.3 Product Benchmarking
- 10.1.9.4 Recent Developments
- 10.1.10 Thales.
- 10.1.10.1 Company Overview
- 10.1.10.2 Product Benchmarking
- 10.1.10.3 Recent Developments