The latest research report by Emergen Research, named ‘Global Passwordless Authentication Market - Forecast to 2032’, entails a comprehensive review of the global Passwordless Authentication Market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Passwordless Authentication Market industry, particularly the current COVID-19 scenario.
The global passwordless authentication market size is expected to reach USD 68.50 Billion in 2032 and register a steady revenue CAGR of 26.3% over the forecast period, according to the latest analysis by Emergen Research. Increasing need for innovative user convenience is driving the market revenue growth. The usage of weak passwords or practice of repeating passwords across several accounts can result from the strain that conventional password-based authentication places on users. Multiple password management becomes inefficient and difficult to remember. In addition, employees frequently find it difficult to change a forgotten password. Passwordless solutions, on the other hand, provide a simplified login procedure that improves user-friendliness and reduces user friction. Password-less authentication frees users from having to create and remember their passwords. Instead, people can confirm their identity using techniques such as email, phone, or biometrics which is driving revenue growth of the market.
Key players in the market HID Global Corporation, NEC Corporation, Microsoft, Fujitsu, Okta, Duo, Thales, Beyond Identity, Entrust Corporation, Ping Identity
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Competitive Terrain:
The Global Passwordless Authentication Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length.
Market Overview:
The report bifurcates the Passwordless Authentication market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
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Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report. The coronavirus outbreak has led to drastic changes in the current Passwordless Authentication Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation.
Segments Covered in this report are:
Offering Outlook (Revenue, USD Billion; 2019–2032)
- Hardware
- Software
- Service
Authentication Method Outlook (Revenue, USD Billion; 2019–2032)
- Biometric Authentication
- Token-Based Authentication
- Magic links
- Email or SMS-Based Authentication
Type Outlook (Revenue, USD Billion; 2019–2032)
- Single-factor authentication
- Multi-factor authentication
Regional Analysis of the Passwordless Authentication Market :
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Answered in the Report:
- What is the growth rate of the Passwordless Authentication Market ? What is the anticipated market valuation of Passwordless Authentication Market industry by 2032?
- What are the key growth driving and restraining factors of the Passwordless Authentication Market ?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Passwordless Authentication Market industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
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TOC of the global Passwordless Authentication Market report:
Chapter 1, describes the Passwordless Authentication Market Introduction, market overview, product offerings, growth opportunities, market risks, driving forces, and challenges.
Chapter 2, analyzes the key manufacturers of Passwordless Authentication Market , along with the sales, revenue, and price of Passwordless Authentication Market , in the forecast period.
Chapter 3, studies the competitive situation among the major manufacturers and vendors, with sales, revenue, and market share.
Chapter 4, analyzes the global market by regions, with sales, revenue, and market share of Passwordless Authentication Market, for each region, from 2020 to 2032.
Chapters 5, 6, 7, 8 and 9, analyze the Passwordless Authentication Market by type, application, regions, and manufacturers, with sales, revenue, and market share by key countries in these regions…Continued
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