The latest research report by Polaris Market Research provides a thorough analysis of a rapidly growing market. It covers all the key market aspects, including Passwordless Authentication Market share, size, drivers, trends, and major developments. Also, it offers market forecasts at the national, regional, and global levels. An in-depth analysis of market segments, along with an examination of the market performance across major regions and sub-regions, has been included in the study. The report provides insights into strategic developments to help stakeholders devise effective operating strategies.
The report includes a thorough value chain analysis to help readers gain crucial information on the outbound and inbound market logistics. Additionally, a thorough examination of key market participants addressing diverse consumer needs has been provided in the study. It further covers the emerging market trends and opportunities market participants can capitalize on. Pictorial representations, including charts, tables, and graphs, have been provided to help readers comprehend the key stats and other data easily.
According to the research report, the global passwordless authentication market was valued at USD 16.95 billion in 2023 and is expected to reach USD 78.92 billion by 2032, to grow at a CAGR of 18.7% during the forecast period.
Market Dynamics:
This section of the research report sheds light on the evolution of the market, covering how market participants are responding to technological shifts. The impact of the shifting market landscape and globalization has been provided in the study. Also, all the key factors driving Passwordless Authentication market growth have been covered.
The report covers major market trends and opportunities market participants can capitalize on. Additionally, it presents crucial information on market restraints and challenges and how businesses can navigate them. Furthermore, an analysis of technological advancements and regulatory shifts and their impact on market demand has been included in the study.
Competitive Landscape:
This section of the research report offers insights into the competitive landscape of the market. It analyzes the Passwordless Authentication market key players, covering all the key aspects such as company overview, financials, and market potential. Besides, other factors such as manufacturing facilities and production capacities, have been detailed in the study. The report uses key methodologies such as Porterβs Five Forces Analysis and SWOT analysis to examine the competitive forces in the market. All the major market developments, including acquisitions, mergers, and partnerships, have been covered in the report.
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A few of the key players operating in the market are:
- Microsoft Corporation
- Duo Security
- Secret Double Octopus
- Thales
- Beyond Identity
- HID Global Corporation
- NEC Corporation
- Safran
- East Shore Technology LLC
- DERMALOG Identification Systems GmbH
- ASSA ABLOY
- Fujitsu
- N2SYS Technology
- Accu-Time Systems Inc.
- Cognitec Systems
- Eyeverify Inc.
- Okta Inc.
- Prove
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The research report categorizes the market into various segments and sub-segments. The primary segments covered in the study include type, application, end use and region. The splitting of the market into various groups enables businesses to understand market preferences and trends better. Also, stakeholders can develop products/services that align with the diverse needs of consumers in the industry. Besides, the research study includes a thorough examination of all the major sub-segments in the market.
Passwordless Authentication Market, Offering Outlook (Revenue – USD Billion, 2019-2032)
- Hardware
- Software
- Services
Passwordless Authentication Market, Motility Outlook (Revenue – USD Billion, 2019-2032)
- Mobile
- Fixed
Passwordless Authentication Market, End-Use Outlook (Revenue – USD Billion, 2019-2032)
- BFSI
- IT and ITeS
- Government and Enforcement
- Manufacturing
- Healthcare
- Retail and Consumer Electronics
- Travel and Hospitality
- Others
Passwordless Authentication Market, Authentication Type Outlook (Revenue – USD Billion, 2019-2032)
- Single-factor Authentication
- Multi-factor Authentication
Recent Developments:
- In November 2022, Microsoft announced the launch of passwordless authentication for Azure AD on iOS and Android, leveraging YubiKey hardware security keys developed by Yubico. This solution allows users to provision certificates with a hardware security key, enabling seamless authentication on mobile devices.
- In October 2022, Prove introduced Prove Auth, its next-generation authentication solution designed for omni-channel and passwordless authentication. This technology helps companies reduce dependence on passwords and one-time passcodes while empowering users to authenticate across various channels, including mobile phones and desktops.
Research Methodology:
The research methodology involves the collection of crucial data and information by expert analysts. The collected data is then carefully filtered to offer an accurate and reliable Passwordless Authentication market analysis. The primary research technique involves interviews with leading market participants to make it both practical and relevant. Besides, secondary research has been included to provide insights into the demand and supply connection. Publicly available data sources such as annual reports and white papers have also been used to provide an insightful market analysis.
Top Features of Passwordless Authentication Market Report:
β’ In-depth market analysis covering all the key market aspects
β’ Historical, current, and projected market size in terms of value and volume
β’ Detailed market segmentation covering all the major market segments
β’ Thorough examination of major market developments
β’ Assessment of the product offerings of market players and their operating strategies
β’ Includes classification of potential new clients or partners in the target demographic
Key Questions Answered in Report:
β’ What are the key market growth drivers?
β’ What are the market projections considering production value and capacity?
β’ What will be the impact of strategic developments on market growth?
β’ Who are the Passwordless Authentication market key players?
β’ What are the major market trends that can be used to maximize revenue?
β’ Which research methodologies have been used while prepearing the research report?
β’ Who could benefit from the research report?
Passwordless Authentication market research report provides an in-depth analysis by covering all the major market aspects. All the stats and information presented in the study go through a multi-step verification method to ensure accuracy and reliability. The report is a must-read for policymakers, suppliers, stakeholders, and anyone involved or interested in the market.
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