Passwordless Authentication Market–Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Fingerprint Authentication, Palm Print Recognition, Iris Recognition, Face Recognition market, Smart Card, Voice Analysis, and Others), By Authentication Type (Single-factor Authentication, Multi-factor Authentication), By End-user Industry (BFSI, Aerospace & Defense, Healthcare, Retail, Food Delivery, IT & Telecom, Government, Others), By Region

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Summary

Report Description

The Global Passwordless Authentication Market is anticipated to grow at a robust pace in the forecast period, 2024-2028, owning to the rise of biometric authentication. Passwordless Authentication is a security technique that uses unique biological qualities, such as voice analysis, iris recognition, fingerprint recognition, face recognition, and others, as well as personal identification numbers, security tokens, and other means. Due to improved security and the ease of accessing data from anywhere, Passwordless Authentication techniques are still becoming more common, globally. Such factors drive the growth in the Global Passwordless Authentication Market.

Another factor boosting the market for Passwordless Authentication is the growing requirement for security measures beyond passwords. In addition, the quick uptake of technologies like artificial intelligence (AI) and the internet of things (IoT) in products like smartphones and tablets, among others, is a significant driver of the Passwordless Authentication market's expansion. Identity verification is done via fingerprint sensors and smartcards, and these security points enable a seamless user experience and a smooth transfer of data across locations.

Rising Usage of Multi-Factor Authentication

In the upcoming years, it is projected that multi-factor authentication will experience a significant increase. Greater identity theft and breaches, increased IoT device use, and stricter government laws are all factors in the segment's rise. Organizations worldwide are employing more stringent identity verification procedures to safeguard sensitive data stored there against fraud. Such theft and fraud occurrences function as a warning for companies to adopt multi-factor authentication tools and services.  For example, the Advanced Software Products Group announced the release of React MFA, a new multi-factor authentication (MFA) product, in September 2022. Re-ACT MFA serves as a secondary authentication source, authenticating end users and authorizing access to data while protecting resources and reducing their susceptibility to attack. Hence, the companies offering these services now have a stronger market position resulting in greater demand for Passwordless Authentication driving market growth.

Passwordless Authentication Market Trend

The market for biometric authentication is expanding significantly due to the increasing use of smartphones and other consumer electronics. The market for Passwordless Authentication is also expanding because of the increased need for security measures other than passwords. Another important element driving the expansion of the Passwordless Authentication market is the quick uptake of technologies like artificial intelligence and the internet of things (IoT) in devices like smartphones and tablets, among others. Identity confirmation is done using smartcards and fingerprint sensors, which provide a seamless user experience and allow for a smooth transfer of data across locations. Additionally, Passwordless Authentication has become more popular due to the global increase in data theft incidents. Due to data theft concerns in devices like computers, cellphones, and tablets, the requirement for security goes beyond passwords. Modern computers may be protected in various ways to reduce the risk of data theft, such as fingerprint sensors and face recognition. The majority of businesses now utilize staff smartcards and fingerprint verification in their workplaces. To enter and depart the office building, employees utilize smart cards or biometric authentication. Only a small number of companies utilize speech analysis, iris recognition, and face recognition to identify their staff. Additionally, the popularity of Passwordless Authentication has grown because of the global increase in incidents of data theft. Due to problems with data theft on devices like computers, cellphones, and tablets, among others, the demand for security has grown beyond the use of passwords.

The rapid adoption of technologies such as artificial intelligence and the internet of things (IoT) in devices such as smartphones and tablets, among others, is another key factor responsible for the growth of the global password- less authentication market

Reticence to abandon the old-fashioned password-based authentication method

For many firms, a lack of familiarity with the new system is the biggest obstacle to switching from a password-based system. Over time, people have become accustomed to using passwords, particularly those that are easy to remember. Organizations believe that switching to a new password-free platform will reduce user satisfaction and interfere with productivity. Furthermore, putting Passwordless Authentication into practice takes a lot of work. It demands understanding new technologies, setting up new devices, configuring biometric authentication factors, and systematically deploying new authentication factors throughout each login session. The transition to Passwordless Authentication needs assistance. Passwordless Authentication is more practical for individuals who are used to password-based authentication.

 Market Segmentation

Global Password-less Authentication Market is segmented based on Type, Authentication Type, End-user Industry, regional distribution and competitive landscape. Based on Type, the market is segmented into Fingerprint Authentication, Palm Print Recognition, Iris Recognition, Face Recognition market, Smart Card, Voice Analysis, Smart Card, and Others.  Based on Authentication Type, the market is segmented into Single-factor Authentication and Multi-factor Authentications. Based on End-user Industry, the market is segmented into BFSI, Aerospace & Defense, Healthcare, Retail, Food Delivery, IT & Telecom, Government, and Others.


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Market players

Major market players in the global Passwordless Authentication market are NEC Corporation, Microsoft Corporation, HID Global Corporation, M2SYS Technology, Safran, DERMALOG Identification Systems GmbH, Fujitsu, East Shore Technologies, Inc, Thales Group, Crossmatch Technologies.

Recent Development

HID Global launched a new product called Omnikey Secure Element in March 2022. Applications like locker management and electric car charging are supported by the Omnikey Secure Element's secure access identification and authentication capabilities. For further data protection, it offers multi-layer security that goes beyond card technology. Additionally, Apple Wallet now supports credential technologies like employee badges and mobile IDs.

NEC introduced a new product called Account Based Ticketing System in March 2022. (ABT). With help from Electric Railway and LECIP Corporation, NEC will create an Account Based Ticketing (ABT) system for commuters in the Hiroshima area.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

·         By Type

·         By Authentication Type

·         By End-user Industry

Regional scope

North America; Asia-Pacific; Europe; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; Indian; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Russia, Spain; Belgium; Italy; Brazil; Colombia; Argentina; Peru; Chile; Africa, Saudi Arabia; South Africa; UAE; Israel; Turkey

Key companies profiled

NEC Corporation, Microsoft Corporation, HID Global Corporation,    M2SYS Technology, Safran, DERMALOG Identification Systems GmbH, Fujitsu, East Shore Technologies, Inc, Thales Group, Crossmatch Technologies.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, the Global Passwordless Authentication market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

      ·         Passwordless Authentication Market, By Type:

o   Fingerprint Authentication

o   Palm Print Recognition

o   Iris Recognition

o   Face Recognition

o   Voice Analysis

o   Smart Card

o   Others

      ·         Passwordless Authentication Market, By Authentication Type:

o   Single-factor Authentication

o   Multi-factor Authentications

      ·         Passwordless Authentication Market, By End-user Industry:

o   BFSI

o   Aerospace & Defense

o    Healthcare

o   Retail

o   Food Delivery

o   IT & Telecom

o   Government

o   Others

      ·         Passwordless Authentication Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§   India

§   Japan

§   China

§   South Korea

§   Australia

§   Singapore

§   Malaysia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

§  Belgium

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Peru

§  Chile

o   Middle East & Africa

§  Saudi Arabia

§  South Africa

§  UAE

§  Israel

§  Turkey

 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Passwordless Authentication market.

Available Customizations:

Global Passwordless Authentication market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The Global Passwordless Authentication market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Passwordless Authentication Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

6.    Global Passwordless Authentication Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type (Fingerprint Authentication, Palm Print Recognition, Smart Card, Iris Recognition, Face Recognition Voice Analysis, and Others)

6.2.2.    By Authentication Type (Single-factor Authentication, Multi-factor Authentication)

6.2.3.    By End-user Industry (BFSI, Aerospace & Defense, Healthcare, Retail, Food Delivery, IT & Telecom, Government, Others)

6.2.4.    By Region

6.2.5.    By Company

6.3.  Market Map

7.    North America Passwordless Authentication Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Authentication Type

7.2.3.    By End-user Industry

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Passwordless Authentication Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Authentication Type

7.3.1.2.3.           By End-user Industry

7.3.2.    Canada Passwordless Authentication Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Authentication Type

7.3.2.2.3.           By End-user Industry

7.3.3.    Mexico Passwordless Authentication Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Authentication Type

7.3.3.2.3.           By End-user Industry

8.    Asia-Pacific Passwordless Authentication Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Authentication Type

8.2.3.    By End-user Industry

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Passwordless Authentication Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Authentication Type

8.3.1.2.3.           By End-user Industry

8.3.2.    India Passwordless Authentication Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Authentication Type

8.3.2.2.3.           By End-user Industry

8.3.3.    Japan Passwordless Authentication Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Authentication Type

8.3.3.2.3.           By End-user Industry

8.3.4.    South Korea Passwordless Authentication Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type

8.3.4.2.2.           By Authentication Type

8.3.4.2.3.           By End-user Industry

8.3.5.    Australia Passwordless Authentication Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type

8.3.5.2.2.           By Authentication Type

8.3.5.2.3.           By End-user Industry

8.3.6.    Singapore Passwordless Authentication Market Outlook

8.3.6.1.        Market Size & Forecast

8.3.6.1.1.           By Value 

8.3.6.2.        Market Share & Forecast

8.3.6.2.1.           By Type

8.3.6.2.2.           By Authentication Type

8.3.6.2.3.           By End-user Industry

8.3.7.    Malaysia Passwordless Authentication Market Outlook

8.3.7.1.        Market Size & Forecast

8.3.7.1.1.           By Value 

8.3.7.2.        Market Share & Forecast

8.3.7.2.1.           By Type

8.3.7.2.2.           By Authentication Type

8.3.7.2.3.           By End-user Industry

9.    Europe Passwordless Authentication Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.1.1.           By Type

9.2.1.1.2.           By Authentication Type

9.2.1.1.3.           By End-user Industry

9.3.  Europe: Country Analysis

9.3.1.    Germany Passwordless Authentication Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Authentication Type

9.3.1.2.3.           By End-user Industry

9.3.2.    United Kingdom Passwordless Authentication Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Authentication Type

9.3.2.2.3.           By End-user Industry

9.3.3.    France Passwordless Authentication Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Authentication Type

9.3.3.2.3.           By End-user Industry

9.3.4.    Russia Passwordless Authentication Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Type

9.3.4.2.2.           By Authentication Type

9.3.4.2.3.           By End-user Industry

9.3.5.    Spain Passwordless Authentication Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Type

9.3.5.2.2.           By Authentication Type

9.3.5.2.3.           By End-user Industry

9.3.6.    Belgium Passwordless Authentication Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value 

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Type

9.3.6.2.2.           By Authentication Type

9.3.6.2.3.           By End-user Industry

9.3.7.    Italy Passwordless Authentication Market Outlook

9.3.7.1.        Market Size & Forecast

9.3.7.1.1.           By Value 

9.3.7.2.        Market Share & Forecast

9.3.7.2.1.           By Type

9.3.7.2.2.           By Authentication Type

9.3.7.2.3.           By End-user Industry

10. South America Passwordless Authentication Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Authentication Type

10.2.3. By End-user Industry

10.2.4. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Passwordless Authentication Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Authentication Type

10.3.1.2.3.         By End-user Industry

10.3.2. Argentina Passwordless Authentication Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Authentication Type

10.3.2.2.3.         By End-user Industry

10.3.3. Colombia Passwordless Authentication Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Authentication Type

10.3.3.2.3.         By End-user Industry

10.3.4. Peru Passwordless Authentication Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type

10.3.4.2.2.         By Authentication Type

10.3.4.2.3.         By End-user Industry

10.3.5. Chile Passwordless Authentication Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Type

10.3.5.2.2.         By Authentication Type

10.3.5.2.3.         By End-user Industry

11. Middle East & Africa Passwordless Authentication Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Type

11.2.2. By Authentication Type

11.2.3. By End-user Industry

11.2.4. By Country

11.3.             Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Passwordless Authentication Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Type

11.3.1.2.2.         By Authentication Type

11.3.1.2.3.         By End-user Industry

11.3.2. South Africa Passwordless Authentication Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Type

11.3.2.2.2.         By Authentication Type

11.3.2.2.3.         By End-user Industry

11.3.3. UAE Passwordless Authentication Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Type

11.3.3.2.2.         By Authentication Type

11.3.3.2.3.         By End-user Industry

11.3.4. Israel Passwordless Authentication Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value 

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Type

11.3.4.2.2.         By Authentication Type

11.3.4.2.3.         By End-user Industry

11.3.5. Turkey Passwordless Authentication Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value 

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Type

11.3.5.2.2.         By Authentication Type

11.3.5.2.3.         By End-user Industry

12. Market Dynamics

12.1. Drivers

12.1.1. Widespread use of smart gadgets

12.1.2. Governmental efforts related to biometrics and data protection

12.2. Challenges

12.2.1. Reticence to abandon the old-fashioned password-based authentication method

12.2.2. High cost of implementation

13. Market Trends & Developments

13.1.   Quick proliferation of technologies like the internet of things and artificial intelligence (IoT)

13.2.   Government Initiatives

13.3.   Increasing Inclination towards Fingerprint recognition and facial recognition.

14. Company Profiles

14.1.              NEC Corporation

14.1.1. Business Overview

14.1.2. Key Revenue and Financials (If Available)

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/End-user Industry

14.2.             Microsoft Corporation

14.2.1. Business Overview

14.2.2. Key Revenue and Financials (If Available)

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.3.             HID Global Corporation

14.3.1. Business Overview

14.3.2. Key Revenue and Financials (If Available)

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.4.             M2SYS Technology

14.4.1. Business Overview

14.4.2. Key Revenue and Financials (If Available)

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.5.             Safran

14.5.1. Business Overview

14.5.2. Key Revenue and Financials (If Available)

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.6.             DERMALOG Identification Systems GmbH

14.6.1. Business Overview

14.6.2. Key Revenue and Financials (If Available)

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.7.             Fujitsu

14.7.1. Business Overview

14.7.2. Key Revenue and Financials (If Available)

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.8.             East Shore Technologies, Inc

14.8.1. Business Overview

14.8.2. Key Revenue and Financials (If Available)

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.9.             Thales Group

14.9.1. Business Overview

14.9.2. Key Revenue and Financials (If Available)

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.10.          Crossmatch Technologies

14.10.1.              Business Overview

14.10.2.              Key Revenue and Financials (If Available)

14.10.3.              Recent Developments

14.10.4.              Key Personnel

14.10.5.              Key Product/Services

15. Strategic Recommendations

15.1.   Key focus on North America

15.2.   Key focus towards Aerospace & Defense services

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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NEC Corporation, Tencent Holdings Ltd.(WeChat), HID Global Corporation, M2SYS Technology, Safran, DERMALOG Identification Systems GmbH, Fujitsu, East Shore Technologies, Inc, Thales Group, Crossmatch Technologies.

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The major market segments in the Passwordless Authentication are Type, Authentication Type and End-user Industry.

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Asia-Pacific is the fastest-growing region in the Passwordless Authentication market due to increasing internet penetration.

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Passwords are removed with Passwordless Authentication, providing defense against the two most common cyberattacks: phishing and brute force assaults.

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Sakshi Bajaal

Business Consultant
Press Release

Passwordless Authentication Market Growing with Rising Active Users of Multiple Super Apps

Dec, 2022

Due to the increasing usage of biometric authentication, the market for passwordless authentication is anticipated to grow over the forecast period of 2024–2028.

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