Press release
Passwordless Authentication Market to Witness Huge Growth by 2023-2029 | Fujitsu, Safran, EyeVerify
Passwordless Authentication Market
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report identifies and analyses the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the Passwordless Authentication market. The Passwordless Authentication market size is estimated to increase by USD 32.4 Billion at a CAGR of 28.5% by 2029. The report includes historic market data from 2023 to 2029. The Current market value is pegged at USD 8.5 Billion.
The Major Players Covered in this Report: Fujitsu Ltd. (Japan), NEC Corporation (Japan), Accu-Time Systems Inc. (United States), EyeVerify, Inc. (United States), Crossmatch Technologies (United States), M2SYS Technology (United States), Thales Group (France), Safran (France), Dermalog Identification Systems GmbH (Germany), East Shore Technologies, Inc. (United States)
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Definition:
Passwordless authentication refers to a method of verifying a user's identity without requiring the traditional use of passwords. It aims to enhance security, simplify the user experience, and reduce the vulnerabilities associated with password-based authentication systems. Biometric authentication utilizes unique physical or behavioural traits of an individual, such as fingerprints, facial recognition, voice recognition, or iris scanning, to verify their identity. Token-based authentication involves the use of physical or digital tokens, such as smart cards, USB tokens, or mobile applications, to generate one-time passwords (OTP) or cryptographic keys for authentication. PKI relies on digital certificates and cryptographic keys to authenticate users and secure communication. It eliminates the need for passwords by utilizing secure key management and cryptographic algorithms.
Market Trends:
Biometric authentication methods, such as fingerprint scanning, facial recognition, and voice recognition, are witnessing significant adoption in passwordless authentication.
The advancements in biometric technology and the proliferation of biometric sensors in smartphones have contributed to this trend.
Mobile devices are becoming a popular platform for passwordless authentication. Mobile-based authentication methods leverage the capabilities of smartphones, such as biometrics and secure elements, to provide convenient and secure authentication experiences.
Market Drivers:
The prevalence of data breaches, password theft, and phishing attacks has highlighted the weaknesses of traditional password-based authentication.
Organizations are actively seeking more robust and secure authentication methods, driving the adoption of passwordless authentication solutions.
Regulatory frameworks, such as the EU's General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA), emphasize the importance of data security and privacy.
Passwordless authentication can help organizations meet compliance requirements and protect sensitive user information.
Market Opportunities:
Passwordless authentication offers significant opportunities in enterprise environments, where secure access to corporate systems and data is crucial.
Organizations are increasingly adopting passwordless authentication to improve security and user productivity.
The e-commerce sector can benefit from passwordless authentication by providing a convenient and secure authentication process for online shoppers.
Passwordless authentication can help reduce cart abandonment and enhance the user experience in digital payment transactions.
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The titled segments and sub-sections of the market are illuminated below:
In-depth analysis of Marine Propulsion Engines market segments by Types: Fingerprint Authentication, Palm Recognition, Iris Recognition, Face Recognition, Voice Recognition, Others
Detailed analysis of Marine Propulsion Engines market segments by Applications: Healthcare, Telecommunication, BFSI, Media & Entertainment, Travel & Hospitality, Aerospace & Defense, Transportation & Logistics, Others
Major Key Players of the Market: Fujitsu Ltd. (Japan), NEC Corporation (Japan), Accu-Time Systems Inc. (United States), EyeVerify, Inc. (United States), Crossmatch Technologies (United States), M2SYS Technology (United States), Thales Group (France), Safran (France), Dermalog Identification Systems GmbH (Germany), East Shore Technologies, Inc. (United States)
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report:
- -To carefully analyse and forecast the size of the Passwordless Authentication market by value and volume.
- -To estimate the market shares of major segments of the Passwordless Authentication market.
- -To showcase the development of the Passwordless Authentication market in different parts of the world.
- -To analyse and study micro-markets in terms of their contributions to the Passwordless Authentication market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Passwordless Authentication market.
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Passwordless Authentication market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Global Passwordless Authentication Market Breakdown by Application (Healthcare, Telecommunication, BFSI, Media & Entertainment, Travel & Hospitality, Aerospace & Defense, Transportation & Logistics, Others) by Type (Fingerprint Authentication, Palm Recognition, Iris Recognition, Face Recognition, Voice Recognition, Others) by Deployment Mode (On-Cloud, On-Premise) by Authentication (Single-factor, Multi-factor) by Portability (Fixed, Mobile) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
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Key takeaways from the Passwordless Authentication market report:
- Detailed consideration of Passwordless Authentication market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
- Comprehensive valuation of all prospects and threats in the
- In-depth study of industry strategies for growth of the Passwordless Authentication market-leading players.
- Passwordless Authentication market latest innovations and major procedures.
- Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
- Conclusive study about the growth conspiracy of Passwordless Authentication market for forthcoming years.
Major questions answered:
- What are influencing factors driving the demand for Passwordless Authentication near future?
- What is the impact analysis of various factors in the Global Passwordless Authentication market growth?
- What are the recent trends in the regional market and how successful they are?
- How feasible is Passwordless Authentication market for long-term investment?
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Major highlights from Table of Contents:
Passwordless Authentication Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Passwordless Authentication Market Size & Growth Outlook 2023-2028 market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Passwordless Authentication Market Size & Growth Outlook 2023-2028 Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Passwordless Authentication Market Production by Region Passwordless Authentication Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Passwordless Authentication Market Report:
- Passwordless Authentication Overview, Definition and Classification Market drivers and barriers
- Passwordless Authentication Market Competition by Manufacturers
- Passwordless Authentication Capacity, Production, Revenue (Value) by Region (2023-2029)
- Passwordless Authentication Supply (Production), Consumption, Export, Import by Region (2023-2029)
- Passwordless Authentication Production, Revenue (Value), Price Trend by Type {Fingerprint Authentication, Palm Recognition, Iris Recognition, Face Recognition, Voice Recognition, Others}
- Passwordless Authentication Market Analysis by Application {Healthcare, Telecommunication, BFSI, Media & Entertainment, Travel & Hospitality, Aerospace & Defense, Transportation & Logistics, Others}
- Passwordless Authentication Manufacturers Profiles/Analysis Passwordless Authentication Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, MINT, BRICS, G7, Western / Eastern Europe, or Southeast Asia. Also, we can serve you with customized research services as HTF MI holds a database repository that includes public organizations and Millions of Privately held companies with expertise across various Industry domains.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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