Market Overview:
The global passwordless authentication market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for secure and convenient authentication methods across different industries. In addition, the growing trend of Bring Your Own Device (BYOD) is also contributing to the growth of this market. On-cloud segment is expected to hold a major share in the global passwordless authentication market during the forecast period from 2018 to 2030. This can be attributed to various benefits offered by on-cloud solutions such as easy deployment, scalability, and low cost.
Product Definition:
Passwordless authentication is a type of authentication that does not require the user to remember any passwords. Instead, the user is authenticated using some other method, such as a one-time code that is sent to their phone or email. Passwordless authentication is important because it provides an extra layer of security for users and can help prevent unauthorized access to accounts.
On-Cloud:
On-Cloud is a term used to define services and solutions that are hosted on the cloud. The on-cloud solution provides greater flexibility, scalability, reliability and cost effectiveness as compared to traditional approaches. It also helps in reducing time-to-market for new products/services and improves operational efficiency by delivering continuous access to business applications across multiple channels without requiring users to reauthenticate themselves at any point in time during the process.
On-Premise:
On-premise solutions are used for providing a secure environment to deploy and manage applications, data, and infrastructure. These solutions provide benefits such as easy implementation on the existing IT infrastructure without having any impact on the end-users’ business operations. Moreover, these solutions offer high security by encrypting sensitive data at all levels of storage devices including magnetic tapes, hard drives, optical discs and cloud servers.
Application Insights:
The telecommunication segment is expected to dominate the market with a share of over 30.0% in 2030. The growth can be attributed to the increasing usage of cloud-based infrastructure for providing authentication services across various applications and services, such as network access, user identity management, and fraud detection & prevention. Furthermore, growing demand for digital transformation in communication networks is further anticipated to drive the growth over the forecast period.
The banking and financial service (BFSI) segment accounted for a significant share in 2017 owing to increased adoption of online banking solutions by customers globally. Moreover, companies are focusing on offering passwordless authentication options across all BFSI apps so that customers can carry out their transactions securely on any device without having to remember or type passwords every time they logon into an app or website protected by two-factor authentication solution enabled with biometric technologies.
Regional Analysis:
North America dominated the global passwordless authentication market in 2017. This can be attributed to the presence of a large number of service providers and enterprises in this region, coupled with increased adoption of cloud-based technologies. The U.S., being one of the most technologically advanced countries, has been witnessing high adoption rates for emerging technologies such as AI, IoT and ML/DL among others. This is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing government initiatives for improving online security infrastructure across various sectors such as healthcare & insurance (H&I), banking & financial services (BFSI), media & entertainment (M&E).
Growth Factors:
- Increased security concerns among enterprises due to increasing cyber-attacks and data breaches
- Proliferation of connected devices and the Internet of Things (IoT) that are susceptible to cyber-attacks
- Growing demand for secure authentication methods from government and defense organizations
- Rapid adoption of cloud computing and mobile technologies, which require stronger authentication methods
- Increasing awareness about the benefits of passwordless authentication among businesses and consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Passwordless Authentication Market Research Report
By Type
On-Cloud, On-Premise
By Application
Healthcare, Telecommunication, BFSI, Media & Entertainment, Travel & Hospitality
By Companies
Microsoft Corporation, Dell EMC, Intel Corporation, Oracle Corporation, Sailpoint Technologies Inc, Google, Ping Identity Corporation, Centrify Corporation, NetIQ Corporation, Amazon, Okta, Onelogin Inc, Alibaba, Hitachi ID Systems, IDMWORKS, Thales Group, Broadcom, IBM Corporation
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
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Passwordless Authentication Market Report Segments:
The global Passwordless Authentication market is segmented on the basis of:
Types
On-Cloud, On-Premise
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
Healthcare, Telecommunication, BFSI, Media & Entertainment, Travel & Hospitality
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:
- Microsoft Corporation
- Dell EMC
- Intel Corporation
- Oracle Corporation
- Sailpoint Technologies Inc
- Google
- Ping Identity Corporation
- Centrify Corporation
- NetIQ Corporation
- Amazon
- Okta
- Onelogin Inc
- Alibaba
- Hitachi ID Systems
- IDMWORKS
- Thales Group
- Broadcom
- IBM Corporation
Highlights of The Passwordless Authentication 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:
- On-Cloud
- On-Premise
- By Application:
- Healthcare
- Telecommunication
- BFSI
- Media & Entertainment
- Travel & Hospitality
- 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 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?
Passwordless authentication is a security feature that allows users to access resources without having to remember or type in their passwords. This type of authentication is typically used when logging into websites, applications, or other services.
Some of the major companies in the passwordless authentication market are Microsoft Corporation, Dell EMC, Intel Corporation, Oracle Corporation, Sailpoint Technologies Inc, Google, Ping Identity Corporation, Centrify Corporation, NetIQ Corporation, Amazon, Okta, Onelogin Inc, Alibaba, Hitachi ID Systems, IDMWORKS, Thales Group, Broadcom, IBM Corporation.
The passwordless authentication market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passwordless Authentication Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Passwordless Authentication Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passwordless Authentication Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Passwordless Authentication Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Passwordless Authentication Market Size & Forecast, 2018-2028
4.5.1 Passwordless Authentication Market Size and Y-o-Y Growth
4.5.2 Passwordless Authentication Market Absolute $ Opportunity
Chapter 5 Global Passwordless Authentication Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Passwordless Authentication Market Size Forecast by Type
5.2.1 On-Cloud
5.2.2 On-Premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passwordless Authentication Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Passwordless Authentication Market Size Forecast by Applications
6.2.1 Healthcare
6.2.2 Telecommunication
6.2.3 BFSI
6.2.4 Media & Entertainment
6.2.5 Travel & Hospitality
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passwordless Authentication Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Passwordless Authentication Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Passwordless Authentication Analysis and Forecast
9.1 Introduction
9.2 North America Passwordless Authentication Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Passwordless Authentication Market Size Forecast by Type
9.6.1 On-Cloud
9.6.2 On-Premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Passwordless Authentication Market Size Forecast by Applications
9.10.1 Healthcare
9.10.2 Telecommunication
9.10.3 BFSI
9.10.4 Media & Entertainment
9.10.5 Travel & Hospitality
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Passwordless Authentication Analysis and Forecast
10.1 Introduction
10.2 Europe Passwordless Authentication Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Passwordless Authentication Market Size Forecast by Type
10.6.1 On-Cloud
10.6.2 On-Premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Passwordless Authentication Market Size Forecast by Applications
10.10.1 Healthcare
10.10.2 Telecommunication
10.10.3 BFSI
10.10.4 Media & Entertainment
10.10.5 Travel & Hospitality
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Passwordless Authentication Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passwordless Authentication Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Passwordless Authentication Market Size Forecast by Type
11.6.1 On-Cloud
11.6.2 On-Premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Passwordless Authentication Market Size Forecast by Applications
11.10.1 Healthcare
11.10.2 Telecommunication
11.10.3 BFSI
11.10.4 Media & Entertainment
11.10.5 Travel & Hospitality
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Passwordless Authentication Analysis and Forecast
12.1 Introduction
12.2 Latin America Passwordless Authentication Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Passwordless Authentication Market Size Forecast by Type
12.6.1 On-Cloud
12.6.2 On-Premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Passwordless Authentication Market Size Forecast by Applications
12.10.1 Healthcare
12.10.2 Telecommunication
12.10.3 BFSI
12.10.4 Media & Entertainment
12.10.5 Travel & Hospitality
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Passwordless Authentication Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passwordless Authentication Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Passwordless Authentication Market Size Forecast by Type
13.6.1 On-Cloud
13.6.2 On-Premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Passwordless Authentication Market Size Forecast by Applications
13.10.1 Healthcare
13.10.2 Telecommunication
13.10.3 BFSI
13.10.4 Media & Entertainment
13.10.5 Travel & Hospitality
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Passwordless Authentication Market: Competitive Dashboard
14.2 Global Passwordless Authentication Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microsoft Corporation
14.3.2 Dell EMC
14.3.3 Intel Corporation
14.3.4 Oracle Corporation
14.3.5 Sailpoint Technologies Inc
14.3.6 Google
14.3.7 Ping Identity Corporation
14.3.8 Centrify Corporation
14.3.9 NetIQ Corporation
14.3.10 Amazon
14.3.11 Okta
14.3.12 Onelogin Inc
14.3.13 Alibaba
14.3.14 Hitachi ID Systems
14.3.15 IDMWORKS
14.3.16 Thales Group
14.3.17 Broadcom
14.3.18 IBM Corporation
