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Passwordless Authentication Market to reach USD 23 Bn by 2029, emerging at a CAGR of 26.3 percent and forecast 2023-2029
Passwordless Authentication Market
Maximize Market Research's comprehensive report delves into the intricacies of the Passwordless Authentication Market. An in-depth competitive analysis profiles key players, offering insights into their financial performance, product portfolio, and strategies. The report illuminates pivotal drivers propelling market growth, challenges faced by stakeholders, and global growth prospects.
The meticulously researched report employs primary and secondary research methods to craft a detailed analysis. Bottom-up estimation approaches were employed to gauge market size, with primary research validating findings from secondary research.
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Passwordless Authentication Market Dynamics:
The Passwordless Authentication Market is fueled by a demand for enhanced user experience, particularly in the banking sector. Innovative authentication methods such as fingerprint sensors, smartcards, and biometric verifications present an unassailable defense against hacking and data breaches. With the banking sector embracing cloud services and emphasizing security, the adoption of Passwordless Authentication surges to new heights.
However, deployment costs and the rise in cyber-attacks pose challenges to the market's expansion. The report underscores the need for a balanced approach to capitalize on the transformative potential of Passwordless Authentication.
Passwordless Authentication Market Regional Insights:
North America: A technology hotspot, North America leads in adoption due to its embrace of advanced technologies like IoT and cloud computing. The region's concerns about data breaches further propel the demand for Passwordless Authentication.
Europe: With a focus on advanced technologies and bolstered by GDPR's security requirements, Europe embraces Passwordless Authentication to fortify its cybersecurity landscape.
Asia-Pacific: The region witnesses rapid growth due to the soaring use of mobile devices and a rising demand for secure authentication methods. Data breaches further accelerate the adoption of Passwordless Authentication.
Latin America: Here, the adoption of mobile devices and heightened awareness of data security elevate the importance of Passwordless Authentication.
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Passwordless Authentication Market Segmentation:
by Component
1.Hardware
2. Software
3.Services
by Type
1.Fingerprint Authentication
2.Palm Recognition
3.Iris Recognition
4.Face Recognition
5.Voice Recognition
6.Smart Card
by Authentication Type
1.Single-factor Authentication
2.Multi-factor Authentication
by End-user
1.IT & Telecom
2.Retail
3.Transportation & Logistics
4.Aerospace & Defense
5.BFSI
6.Healthcare
7.Government
by Portability
1.Fixed
2.Mobile
Passwordless Authentication Market Key Players:
1.Fujitsu
2.NEC Corporation
3.M2SYS Technology
4. Microsoft
5. HID Global Corporation
6. Okta
7. HID Global
8. Duo Security
9.Cisco
10.IBM
11.Log Me Once
12.Trusona
13.PureID
14.Keyless
15.Identite
16.Kosmos
17.Ubisecure
18. Signicat
19. Stytch
20. Hypr
21. Secret Double Octopus
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Table of content for the Passwordless Authentication Market includes:
1. Global Passwordless Authentication Market: Research Methodology
2. Global Passwordless Authentication Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Global Passwordless Authentication Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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