(EMAILWIRE.COM, May 15, 2023 ) Maximize Market research expects, the Passwordless Authentication Market to grow from USD 6.5 Bn in 2022 to USD 23 Bn by 2029 at a CAGR of 26.3 percent.
Passwordless Authentication Market Report Scope and Research Methodology
The objective of the study analyze and forecast the Passwordless Authentication Market size. The report includes strategic profiling of significant market participants in order to accurately depict the competitive environment for the global Passwordless Authentication market. SWOT analysis was used to provide the strengths, weaknesses, opportunities and threats in the Passwordless Authentication industry.
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Passwordless Authentication Market Dynamics
Demand for enhanced user experience in the banking sector is expected to boost the Passwordless Authentication Market growth. Enhanced user experience to acquire a competitive edge enterprises are concentrating due to a decrease in login friction and contributing for the growth of the market.
Passwordless Authentication Market Regional Insights
North America region is expected to dominate the Passwordless Authentication Market over the forecast period. Adoption of Passwordless Authentication technology with ongoing research and development activities is expected to boost the market growth.
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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 Market Key Competitors include:
Fujitsu
NEC Corporation
M2SYS Technology
Microsoft
HID Global Corporation
Okta
HID Global
Duo Security
Cisco
IBM
Log Me Once
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Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:
Password Management Market : The market size is expected to grow at a CAGR of 19.40 percent during the forecast period and is expected to reach USD 5.07 Bn by 2029.
Security threads Market : The market size is expected to grow at a CAGR of 5.5 percent over the forecast period and is expected to reach USD 13.26 Bn by 2029.
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