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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