Global Passwordless Authentication login Software Market by Type (Cloud Based, On-premises), By Application (SMEs, Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global passwordless authentication login software market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based passwordless authentication login software and the growing need for security against cyber threats. The market is segmented on the basis of type, application, and region. On the basis of type, it is divided into cloud-based and on-premises passwordless authentication login software. Cloud-based passwordless authentication login software held a larger share of the global market in 2017 owing to its advantages such as easy installation and maintenance, low cost, scalability, and flexibility.



Get Free Sample Report

Product Definition:

Passwordless authentication login is a software program that enables users to log in to their accounts without having to enter a password. This type of authentication is considered more secure than traditional passwords, as it does not require users to remember any passwords or store them in an easily accessible location. Passwordless authentication login can be used for both personal and business accounts, and can be implemented in a variety of ways, including through the use of biometric scans or one-time codes.

Cloud Based:

Cloud-based solutions are expected to gain traction in the global passwordless authentication login software market over the forecast period. The major factor that is driving this growth is increasing adoption of cloud based services by enterprises and also growing awareness among consumers about these services. Cloud based services offer several benefits such as on-demand availability of computing resources, easy deployment, flexibility, scalability and low operational cost which in turn will increase its demand over the next seven years.

On-premises:

On-premises is a term used for computer software and hardware installed at the customer's site. It may also refer to the physical location where the software is maintained. In contrast, cloud computing refers to using remote servers for storing information. The on-premises or cloud based solutions are used in various applications such as webmail, online banking, ecommerce websites and enterprise resource planning (ERP) systems among others.

Application Insights:

The small and medium-sized enterprises (SMEs) segment held the largest share of over 60.0% in 2017. The growth can be attributed to the increasing adoption of cloud-based applications for DPaaS, which eliminates the need for users to remember multiple passwords. Cloud DPaaS providers are investing significantly in marketing their products towards SMEs as they offer cost-effective solutions with minimum requirements necessary to run a secure web authentication solution.

Large enterprises segment is expected to register highest CAGR over the forecast period owing to factors such as complexity associated with implementation, high costs associated with it, and need for highly skilled personnel in order to set it up properly along with other benefits offered by lDAP2LTS such as LDAPv2 support.

Regional Analysis:

North America held the largest market share in 2017. This is attributed to the presence of a large number of passwordless login solution providers, such as Okta, Inc.; LogRhythm; and OneLogin. These companies are focusing on developing innovative solutions for end-users to provide them with enhanced security and manage their digital assets efficiently from anywhere in the world. Moreover, North America has been witnessing high adoption of cloud-based services which further increases its growth prospects over the forecast period.

Asia Pacific is expected to emerge as one of the fastest growing regions during 2018 - 2030 due to increasing government initiatives for improving online security infrastructure coupled with rising smartphone penetration rates across this region. Furthermore, rapidly expanding IT sector across countries such as China and India owing to low manufacturing cost makes it an attractive regional market for global players looking forward to capitalize on these opportunities by introducing passwordless authentication software solutions within their product portfolio or by acquiring established players operating within this region.

Growth Factors:

Increased demand for convenience and efficiency in authentication procedures
The need for stronger security measures to protect online identities and data
Growing concern over the potential for data breaches and cyber attacks
Proliferation of mobile devices and the increasing trend towards BYOD (Bring Your Own Device) policies in workplaces
Advances in authentication technology that make passwordless login more user-friendly


Get Free Sample Report
Scope Of The Report
Report Attributes
Report Details
Report Title
Passwordless Authentication login Software Market Research Report
By Type
Cloud Based, On-premises
By Application
SMEs, Large Enterprises
By Companies
Ping Identity, Yubico, Secret Double Octopus, Microsoft, Authentiq, 1Kosmos, Duo Security, cidaas, HYPR, Groove id, Thales, IDEE, IdRamp, Locurity, Fortmatic, Identite, OARO, Privakey, ReachFive, Trusona, Veridium, OneLogin, Okta, CyberArk, Entrust
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.

Global Passwordless Authentication login Software Market Report Segments:
The global Passwordless Authentication login Software market is segmented on the basis of:
Types
Cloud Based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Ping Identity
Yubico
Secret Double Octopus
Microsoft
Authentiq
1Kosmos
Duo Security
cidaas
HYPR
Groove id
Thales
IDEE
IdRamp
Locurity
Fortmatic
Identite
OARO
Privakey
ReachFive
Trusona
Veridium
OneLogin
Okta
CyberArk
Entrust



Get Free Sample Report

Highlights of The Passwordless Authentication login Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud Based
On-premises
By Application:
SMEs
Large Enterprises
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Passwordless Authentication login Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

Frequently Asked Questions?