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Passwordless Authentication Market to accelerate at a CAGR of 26.3 percent during the forecast period, Global Trends and Key Players

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Passwordless Authentication Market to accelerate at a CAGR of 26.3 percent during the forecast period, Global Trends and Key Players

April 24
09:24 2023
Passwordless Authentication Market to accelerate at a CAGR of 26.3 percent during the forecast period, Global Trends and Key Players
Passwordless Authentication Market
Global Passwordless Authentication Market size was valued at USD 6.5 Bn in 2022 and is expected to reach USD 23 Bn by 2029, at a CAGR of 26.3% over the forecast period (2023-2029).

Pune, 24, April, 2023: The report published by Maximize Market Research, on the Passwordless Authentication Market, covers an extensive regional analysis, market segments, dynamics and competitive landscape. Over the forecast period, Maximize Market Research expects, the market to grow from USD 6.5 Bn in 2022 to USD 23 Bn in 2029 at a CAGR of 26.3 percent.  

Passwordless Authentication Market Report Scope and Research Methodology

The report majorly focuses on the Passwordless Authentication market dynamics including drivers, restraints, challenges and opportunities. This information on the market dynamics is provided region-wise and segment-wise in the Passwordless Authentication market report, which makes it an investor’s guide. Data was collected for the report by using primary and secondary research methods, which were combined to make the Passwordless Authentication market report error-free and authentic. After determining the total market size, the market was divided into various segments and sub-segments and the segments were verified through primary research by conducting in-depth interviews with the individuals holding influential positions in the Passwordless Authentication industry. The bottom-up approach was used to estimate the regional and global Passwordless Authentication market size. By using Secondary research, major Passwordless Authentication key players in the industry were identified and their revenues were determined through primary and secondary research. The secondary research includes data collection from official databases of various organizations and government sites, industry journals, white papers, annual reports and suppliers in the Passwordless Authentication industry along with paid and free databases, while primary research includes in-depth interviews with opinion leaders and industry experts.

Passwordless Authentication Market Dynamics

The increasing demand for enhanced user experience in the banking sector is expected to increase the demand for the passwordless authentication market. The market is growing due to the increase in demand for cybersecurity and the adoption of new authentication methods to improve customer experience.  

The market growth is expected to be restrained by the increasing cost of deployment by a detailed step-by-step plan including training staff and implementation of new software and hardware. The increase in cyber-based attacks is the restraining factor for market growth.

Get a Sample Copy of the Report: 

Passwordless Authentication Market Regional Insights

During the forecast period, the North America region is expected to dominate the global Passwordless Authentication Market. This is mainly due to the increasing incidents of password thefts, increasing investments in the countries and credential compromises.  

The Passwordless authentication market in the Asia Pacific region is expected to grow at a high rate during the forecast period. The regional market is growing due to the high adoption of mobile devices and the increasing demand for secure authentication methods. 

Passwordless Authentication Market Segmentation

By Component

  • Hardware
  • Software
  • Services


By Type

  • Fingerprint Authentication
  • Palm Recognition
  • Iris Recognition
  • Face Recognition
  • Voice Recognition
  • Smart Card


By Authentication Type

  • Single-factor Authentication
  • Multi-factor Authentication


By End-User

  • IT & Telecom
  • Retail
  • Transportation & Logistics
  • Aerospace & Defense
  • BFSI
  • Healthcare
  • Government


By Portability

  • Fixed
  • Mobile


Passwordless Authentication Key Competitors include:

  • Fujitsu
  • NEC Corporation
  • M2SYS Technology
  • Microsoft
  • HID Global Corporation
  • Okta
  • HID Global
  • Duo Security
  • Cisco
  • IBM
  • Log Me Once
  • Trusona
  • PureID
  • Keyless
  • Identite
  • 1 Kosmos
  • Ubisecure
  • Signicat
  • Stytch
  • Hypr
  • Secret Double Octopus


Table of Content for Passwordless Authentication Market

  • Global Passwordless Authentication Market: Research Methodology


  • Global Passwordless Authentication Market: Executive Summary
  • Market Overview and Definitions
  • Introduction to Global Market
  • Summary
  • Key Findings
  • Recommendations for Investors
  • Recommendations for Market Leaders 
  • Recommendations for New Market Entry


  • Global Passwordless Authentication Market: Competitive Analysis
  • MMR Competition Matrix
  • Market Structure by region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • M&A by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities 
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact


  • Global Passwordless Authentication Market Segmentation
  • Global Market, by Component (2021-2029)
  • Global Market, by Type (2021-2029)
  • Global Market, by Authentication Type (2021-2029)
  • Global Market, by End User (2021-2029)
  • Global Market, by Portability (2021-2029)


  • Regional Passwordless Authentication Market (2021-2029)
  • Regional Market, by Component (2021-2029)
  • Regional Market, by Type (2021-2029)
  • Regional Market, by Authentication Type (2021-2029)
  • Regional Market, by End User (2021-2029)
  • Regional Market, by Portability (2021-2029)
  • Regional Market, by Country (2021-2029)


  • Company Profile: Key players
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy 
  • Recent Developments


Get the Sample PDF of Report: 

Key questions answered in the Passwordless Authentication Market are:

  • What is the expected Passwordless Authentication Market size by 2029?
  • What was the Passwordless Authentication market size in 2023?
  • What is the expected CAGR of the Passwordless Authentication market during the forecast period?
  • What factors are driving the Passwordless Authentication market growth?
  • What are the major challenges that the Passwordless Authentication Market could face in the future? 
  • What factors are providing growth opportunities for the Passwordless Authentication Market?
  • Who are the Passwordless Authentication leading players? 
  • Which region held the largest Passwordless Authentication market share? 


Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Component, Type, Authentication Type, Portability, End-User and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 


Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

Risk-based Authentication Market – The market size is expected to reach USD 7.80 billion by 2029 at a CAGR of 15 percent during the forecast period. The market is expected to be driven by the growing telecommunications and technology industries. 

Security Assertion Markup Language Authentication Market – The market size is expected to reach USD 6.21 million by 2029 at a CAGR of 14.9 percent during the forecast period. The market is expected to be driven by the increasing popularity of BYOD.


About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, Portability and communication, cars and automobiles, chemical Authentication Types and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, Authentication Typeion and demand analysis, and client impact studies.


Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

[email protected] 

+91 96071 95908, +91 9607365656

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