Passwordless Authentication Market to grow at a CAGR of 26.3 percent during the forecast period

(IT-NEWSWIRE.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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Passwordless Authentication Market to grow at a CAGR of 26.3 percent during the forecast period