The passwordless authentication market is projected to register a CAGR of 15.30%, valued at US$ 17.50 billion in 2024, and is estimated to reach US$ 72.48 billion by 2034. Rigid security with minimal cyberattacks and improvisation in customer data retention skyrockets the demand for zero-password authentication.
Attributes | Details |
---|---|
Market Value for 2024 | US$ 17.50 billion |
Market Value for 2034 | US$ 72.48 billion |
Market Forecast CAGR for 2024 to 2034 | 15.30% |
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The demand for passwordless authentications is divined to develop at an adequate pace. The historical CAGR of 13.10% was recorded for the market and a 15.30% CAGR is calculated up to 2034.
Attributes | Details |
---|---|
Market Historical CAGR for 2019 to 2023 | 13.10% |
The rise in remote work and work-from-home cultures has led to a surge in cyber-criminal activities such as data phishing, hampering password-free authentication market development and businesses' security infrastructure.
Acute aspects that are anticipated to influence the demand for password-free authentication through 2034.
Market players are going to desire to be prudent and flexible over the anticipated period since these challenging attributes position the industry for accomplishment in subsequent decade.
Biological Impregnation Offer Fertile Ground to the Passwordless Authentication Industry
The Passwordless Authentication Industry Widespread the Adoption of FIDO Standards
Adoption of Cloud-Based Identity and Access Management Boost up the Demand for the Zero-password Authentications
The following part offers in-depth analyses sectors of passwordless authentication market. The demand for passwordless authentication software is significant whereas the demand for the multi-factor authentication is augmented in 2024.
Attributes | Details |
---|---|
Top Solution | Software |
Market share in 2024 | 71.40% |
The passwordless authentication software acquires a market share of 71.4% in 2024. The following aspects share the development of demand for zero-password authentication software:
Attributes | Details |
---|---|
Top Authentication Type | Multi-factor Authentication |
Market share in 2024 | 58.20% |
The demand for multi-factor authentication is prevalent, with a market share of 58.2% in 2024. The development of demand for multi-factor authentication from the following drivers:
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Based on the statistical data, industries in Germany and Japan are developing relatively in the upcoming decade. Simultaneously, the password-free authentication industry in the United States and China is hitting the roof due to several factors. Australia's zero-password authentication sector is anticipated to climb sharply in the upcoming decade.
Countries | CAGR from 2024 to 2034 |
---|---|
United States | 12.10% |
Germany | 10.70% |
China | 15.80% |
Japan | 10.00% |
Australia | 18.80% |
The passwordless authentication market in the United States is witnessing a wave of change with a CAGR of 12.10% through 2034, with collaboration on improving biometric and multi-factor authentication.
Demand for token-based authentications in Germany is estimated to progress at a CAGR of 10.70%, and security companies are developing rigid security procedures alongside the German government.
Demand for zero-password authentications in China is anticipated to highlight a CAGR of 15.80% between 2024 and 2034, with China's developed banking, financial services, and insurance hubs standing on the grounds of rigid development of multi factor authentications.
Japan's passwordless authentication market is anticipated to extend by 10.00% from 2024 to 2034, manipulated by emerging data security solutions and identity verification trends.
Australia's password-free authentication industry is projected to develop at an 18.80% CAGR by 2034 due to the country's growth in banking, incurrence, and financial services sectors.
The market is fragmented, with traditional tech giants and new start-ups accounting for a substantial significance in the business environment. Firms invest in research and development to develop new technologies to minimize data breaches. The market players perform strategic mergers, acquisitions, joint ventures, partnerships, and expansions to ensure long-term market viability.
The password-free authentication market has recently developed its user base as remote working and mobile data security concepts have developed. The businesses are developing novel services to improve business operations and data security. The improvement in cybersecurity is envisioned to create a zero-password authentication market in the forthcoming decade.
Recent Developments
The market is valued at US$ 17.50 billion in 2024.
The market is set to be valued at US$ 72.48 billion by 2034.
In the United States, demand for password-free authentications is anticipated to develop a CAGR of 12.1% by 2034.
The market is set to register a CAGR of 15.30% from 2024 to 2034.
Passwordless authentications software are anticipated to acquire a 71.40% market share in 2024.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Solution
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Solution, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Solution, 2024 to 2034
5.3.1. Software
5.3.2. Services
5.3.2.1. Professional Services
5.3.2.2. Managed Services
5.4. Y-o-Y Growth Trend Analysis By Solution, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Solution, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Authentication Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Authentication Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Authentication Type, 2024 to 2034
6.3.1. Single-Factor Authentication
6.3.2. Multi-Factor Authentication
6.4. Y-o-Y Growth Trend Analysis By Authentication Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Authentication Type, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use Industry
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By End-Use Industry, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-Use Industry, 2024 to 2034
7.3.1. BFSI
7.3.2. Consumer Electronics
7.3.3. Logistics
7.3.4. Government
7.3.5. Aerospace & Defense
7.3.6. Healthcare
7.3.7. Retail
7.3.8. Others
7.4. Y-o-Y Growth Trend Analysis By End-Use Industry, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End-Use Industry, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Solution
9.2.3. By Authentication Type
9.2.4. By End-Use Industry
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Solution
9.3.3. By Authentication Type
9.3.4. By End-Use Industry
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Solution
10.2.3. By Authentication Type
10.2.4. By End-Use Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Solution
10.3.3. By Authentication Type
10.3.4. By End-Use Industry
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Solution
11.2.3. By Authentication Type
11.2.4. By End-Use Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Solution
11.3.3. By Authentication Type
11.3.4. By End-Use Industry
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Solution
12.2.3. By Authentication Type
12.2.4. By End-Use Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Solution
12.3.3. By Authentication Type
12.3.4. By End-Use Industry
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Solution
13.2.3. By Authentication Type
13.2.4. By End-Use Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Solution
13.3.3. By Authentication Type
13.3.4. By End-Use Industry
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Solution
14.2.3. By Authentication Type
14.2.4. By End-Use Industry
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Solution
14.3.3. By Authentication Type
14.3.4. By End-Use Industry
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Solution
15.2.3. By Authentication Type
15.2.4. By End-Use Industry
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Solution
15.3.3. By Authentication Type
15.3.4. By End-Use Industry
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Market Share Analysis, 2023
16.1.1.1. By Solution
16.1.1.2. By Authentication Type
16.1.1.3. By End-Use Industry
16.2. Canada
16.2.1. Market Share Analysis, 2023
16.2.1.1. By Solution
16.2.1.2. By Authentication Type
16.2.1.3. By End-Use Industry
16.3. Brazil
16.3.1. Market Share Analysis, 2023
16.3.1.1. By Solution
16.3.1.2. By Authentication Type
16.3.1.3. By End-Use Industry
16.4. Mexico
16.4.1. Market Share Analysis, 2023
16.4.1.1. By Solution
16.4.1.2. By Authentication Type
16.4.1.3. By End-Use Industry
16.5. Germany
16.5.1. Market Share Analysis, 2023
16.5.1.1. By Solution
16.5.1.2. By Authentication Type
16.5.1.3. By End-Use Industry
16.6. UK
16.6.1. Market Share Analysis, 2023
16.6.1.1. By Solution
16.6.1.2. By Authentication Type
16.6.1.3. By End-Use Industry
16.7. France
16.7.1. Market Share Analysis, 2023
16.7.1.1. By Solution
16.7.1.2. By Authentication Type
16.7.1.3. By End-Use Industry
16.8. Spain
16.8.1. Market Share Analysis, 2023
16.8.1.1. By Solution
16.8.1.2. By Authentication Type
16.8.1.3. By End-Use Industry
16.9. Italy
16.9.1. Market Share Analysis, 2023
16.9.1.1. By Solution
16.9.1.2. By Authentication Type
16.9.1.3. By End-Use Industry
16.10. Poland
16.10.1. Market Share Analysis, 2023
16.10.1.1. By Solution
16.10.1.2. By Authentication Type
16.10.1.3. By End-Use Industry
16.11. Russia
16.11.1. Market Share Analysis, 2023
16.11.1.1. By Solution
16.11.1.2. By Authentication Type
16.11.1.3. By End-Use Industry
16.12. Czech Republic
16.12.1. Market Share Analysis, 2023
16.12.1.1. By Solution
16.12.1.2. By Authentication Type
16.12.1.3. By End-Use Industry
16.13. Romania
16.13.1. Market Share Analysis, 2023
16.13.1.1. By Solution
16.13.1.2. By Authentication Type
16.13.1.3. By End-Use Industry
16.14. India
16.14.1. Market Share Analysis, 2023
16.14.1.1. By Solution
16.14.1.2. By Authentication Type
16.14.1.3. By End-Use Industry
16.15. Bangladesh
16.15.1. Market Share Analysis, 2023
16.15.1.1. By Solution
16.15.1.2. By Authentication Type
16.15.1.3. By End-Use Industry
16.16. Australia
16.16.1. Market Share Analysis, 2023
16.16.1.1. By Solution
16.16.1.2. By Authentication Type
16.16.1.3. By End-Use Industry
16.17. New Zealand
16.17.1. Market Share Analysis, 2023
16.17.1.1. By Solution
16.17.1.2. By Authentication Type
16.17.1.3. By End-Use Industry
16.18. China
16.18.1. Market Share Analysis, 2023
16.18.1.1. By Solution
16.18.1.2. By Authentication Type
16.18.1.3. By End-Use Industry
16.19. Japan
16.19.1. Market Share Analysis, 2023
16.19.1.1. By Solution
16.19.1.2. By Authentication Type
16.19.1.3. By End-Use Industry
16.20. South Korea
16.20.1. Market Share Analysis, 2023
16.20.1.1. By Solution
16.20.1.2. By Authentication Type
16.20.1.3. By End-Use Industry
16.21. GCC Countries
16.21.1. Market Share Analysis, 2023
16.21.1.1. By Solution
16.21.1.2. By Authentication Type
16.21.1.3. By End-Use Industry
16.22. South Africa
16.22.1. Market Share Analysis, 2023
16.22.1.1. By Solution
16.22.1.2. By Authentication Type
16.22.1.3. By End-Use Industry
16.23. Israel
16.23.1. Market Share Analysis, 2023
16.23.1.1. By Solution
16.23.1.2. By Authentication Type
16.23.1.3. By End-Use Industry
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Solution
17.3.3. By Authentication Type
17.3.4. By End-Use Industry
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Fujitsu Ltd.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. NEC Corporation
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Accu-Time Systems Inc.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. EyeVerify, Inc.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Crossmatch Technologies
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. M2SYS Technology
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Thales Group
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Microsoft
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Dermalog Identification Systems GmbH
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. East Shore Technologies, Inc.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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