The passwordless authentication market is projected to register a CAGR of 15.30%, valued at USD 17.50 billion in 2024, and is estimated to reach USD 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 | USD 17.50 billion |
Market Value for 2034 | USD 72.48 billion |
Market Forecast CAGR for 2024 to 2034 | 15.30% |
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:
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
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Authentication Type, 2019 to 2034
Table 4: Global Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Authentication Type, 2019 to 2034
Table 8: North America Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 10: Latin America Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 11: Latin America Market Value (US$ Million) Forecast by Authentication Type, 2019 to 2034
Table 12: Latin America Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Western Europe Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 15: Western Europe Market Value (US$ Million) Forecast by Authentication Type, 2019 to 2034
Table 16: Western Europe Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 19: Eastern Europe Market Value (US$ Million) Forecast by Authentication Type, 2019 to 2034
Table 20: Eastern Europe Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Authentication Type, 2019 to 2034
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Authentication Type, 2019 to 2034
Table 28: East Asia Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Authentication Type, 2019 to 2034
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Solution, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Authentication Type, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 9: Global Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 10: Global Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 11: Global Market Value (US$ Million) Analysis by Authentication Type, 2019 to 2034
Figure 12: Global Market Value Share (%) and BPS Analysis by Authentication Type, 2024 to 2034
Figure 13: Global Market Y-o-Y Growth (%) Projections by Authentication Type, 2024 to 2034
Figure 14: Global Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 15: Global Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 16: Global Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 17: Global Market Attractiveness by Solution, 2024 to 2034
Figure 18: Global Market Attractiveness by Authentication Type, 2024 to 2034
Figure 19: Global Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 20: Global Market Attractiveness by Region, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Solution, 2024 to 2034
Figure 22: North America Market Value (US$ Million) by Authentication Type, 2024 to 2034
Figure 23: North America Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 24: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 28: North America Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 29: North America Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 30: North America Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 31: North America Market Value (US$ Million) Analysis by Authentication Type, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Authentication Type, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Authentication Type, 2024 to 2034
Figure 34: North America Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 35: North America Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 36: North America Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 37: North America Market Attractiveness by Solution, 2024 to 2034
Figure 38: North America Market Attractiveness by Authentication Type, 2024 to 2034
Figure 39: North America Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 40: North America Market Attractiveness by Country, 2024 to 2034
Figure 41: Latin America Market Value (US$ Million) by Solution, 2024 to 2034
Figure 42: Latin America Market Value (US$ Million) by Authentication Type, 2024 to 2034
Figure 43: Latin America Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 51: Latin America Market Value (US$ Million) Analysis by Authentication Type, 2019 to 2034
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Authentication Type, 2024 to 2034
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Authentication Type, 2024 to 2034
Figure 54: Latin America Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 55: Latin America Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 57: Latin America Market Attractiveness by Solution, 2024 to 2034
Figure 58: Latin America Market Attractiveness by Authentication Type, 2024 to 2034
Figure 59: Latin America Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 60: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 61: Western Europe Market Value (US$ Million) by Solution, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) by Authentication Type, 2024 to 2034
Figure 63: Western Europe Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 64: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 68: Western Europe Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 71: Western Europe Market Value (US$ Million) Analysis by Authentication Type, 2019 to 2034
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Authentication Type, 2024 to 2034
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Authentication Type, 2024 to 2034
Figure 74: Western Europe Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 77: Western Europe Market Attractiveness by Solution, 2024 to 2034
Figure 78: Western Europe Market Attractiveness by Authentication Type, 2024 to 2034
Figure 79: Western Europe Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 80: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 81: Eastern Europe Market Value (US$ Million) by Solution, 2024 to 2034
Figure 82: Eastern Europe Market Value (US$ Million) by Authentication Type, 2024 to 2034
Figure 83: Eastern Europe Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Authentication Type, 2019 to 2034
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Authentication Type, 2024 to 2034
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Authentication Type, 2024 to 2034
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 97: Eastern Europe Market Attractiveness by Solution, 2024 to 2034
Figure 98: Eastern Europe Market Attractiveness by Authentication Type, 2024 to 2034
Figure 99: Eastern Europe Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 100: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 101: South Asia and Pacific Market Value (US$ Million) by Solution, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) by Authentication Type, 2024 to 2034
Figure 103: South Asia and Pacific Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Authentication Type, 2019 to 2034
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Authentication Type, 2024 to 2034
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Authentication Type, 2024 to 2034
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 117: South Asia and Pacific Market Attractiveness by Solution, 2024 to 2034
Figure 118: South Asia and Pacific Market Attractiveness by Authentication Type, 2024 to 2034
Figure 119: South Asia and Pacific Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 121: East Asia Market Value (US$ Million) by Solution, 2024 to 2034
Figure 122: East Asia Market Value (US$ Million) by Authentication Type, 2024 to 2034
Figure 123: East Asia Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 124: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 128: East Asia Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 131: East Asia Market Value (US$ Million) Analysis by Authentication Type, 2019 to 2034
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Authentication Type, 2024 to 2034
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Authentication Type, 2024 to 2034
Figure 134: East Asia Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 135: East Asia Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 137: East Asia Market Attractiveness by Solution, 2024 to 2034
Figure 138: East Asia Market Attractiveness by Authentication Type, 2024 to 2034
Figure 139: East Asia Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 140: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 141: Middle East and Africa Market Value (US$ Million) by Solution, 2024 to 2034
Figure 142: Middle East and Africa Market Value (US$ Million) by Authentication Type, 2024 to 2034
Figure 143: Middle East and Africa Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Authentication Type, 2019 to 2034
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Authentication Type, 2024 to 2034
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Authentication Type, 2024 to 2034
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 157: Middle East and Africa Market Attractiveness by Solution, 2024 to 2034
Figure 158: Middle East and Africa Market Attractiveness by Authentication Type, 2024 to 2034
Figure 159: Middle East and Africa Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 160: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The market is valued at USD 17.50 billion in 2024.
The market is set to be valued at USD 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.
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