Passwordless Authentication Market

Passwordless Authentication Market by Offering (Hardware, Software, and Services), Motility (Fixed/Rack Mounted, and Mobile/Portable), Authentication Type (Single-factor, Multi-factor), End-Use Industry and Region - Global Forecast to 2027

Report Code: TC 8497 Nov, 2022, by marketsandmarkets.com

[304 Pages Report] The passwordless authentication market size is projected to grow at a CAGR of 26.2% during the forecast period to reach USD 21.2 billion by 2027 from an estimated USD 6.6 billion in 2022. The reduced total cost of ownership, higher security with minimal cyberattacks, and an improved user experience are some drivers fueling the market's growth. However, an increased cost of initial deployment is anticipated to restrain passwordless authentication market expansion.

Passwordless Authentication Market

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COVID-19 impact

The epidemic has advanced digital business and heightened the demand for cyber-savvy board members. During the COVID-19 pandemic, enterprises worldwide experienced a 37% increase in cybersecurity attacks, such as password breaches, credential compromises, phishing, and ransomware. Data breaches revealed 4.1 billion records in the first six months of 2019, with millions of credentials in a single breach published into the public and dark web. Due to this, organizations are bound to adopt advanced security solutions, such as passwordless authentication for streamlining their corporate governance and disclosures, workplace health and safety, data privacy, supply chain, and working capital, which are disturbed due to COVID-19. COVID-19 has fast-tracked the shift toward digitalization. As a result, risks and threats have evolved, making organizations and people shift from password-based authentication to passwordless solutions, including biometrics, iris scanner, face recognition, and fingerprint scanner. Security solutions such as passwordless authentication are gaining prominence, and the trend is expected to remain strong during the forecast period.

Market Dynamics

Driver: Rise in demand for enhanced user experience

To acquire a competitive edge, businesses are concentrating on enhancing their user experience because a decrease in login friction may persuade customers to pick one provider over another. Creating and remembering several passwords at once is not practical. In addition, changing a forgotten password is frequently a cumbersome task. Users typically use the simplest passwords they can remember as a result. Every tool or application they use has the same password, which they only slightly alter when prompted to do so once a month. For instance, according to SplashData, the top five most used passwords in 2022 were "123456", "123456789", "qwerty", "password", and "1234567". As a result, businesses are switching to passwordless authentication since it enhances user experience by eliminating the need for passwords.

Restraint: Increased cost of deployment

Passwordless authentication must be followed by a detailed, step-by-step plan that includes training staff and implementing new software or hardware. The development and implementation of a project and change management strategy consume time that may be spent on other chores or strategic projects. Additionally, training of personnel is necessary. The hardware and software expenses are also included in the adoption of passwordless authentication. Hardware installation costs also cover purchasing devices, tokens, and cards costs for each employee. Although using the software may be less expensive, one may need to account for certain unanticipated expenses, such as software administration, migration, and maintenance. Thus, the cost of deployment is a restraint for the passwordless authentication market.

Opportunity: Growing adoption of adaptive authentication

In passwordless authentication market, one of the passwordless authentication techniques that are expanding the quickest is adaptive authentication. Adaptive systems use behavioral and environmental factors to evaluate the danger of an access attempt. As an example, an access request comes from a strange place or at a strange time. Constructing an adaptive system to interpret this as suspicious behavior and request extra authentication is possible. Adaptive systems can identify potentially risky behavior using a range of behavior-measuring strategies in addition to location. These range from keyboard patterns to the order in which services and tabs are opened on a website. Other adaptive systems utilize computer algorithms to analyze user behavior rather than predefined protocols, indicating acts that do not fit the user's regular behavior. Integrating passwordless and adaptive authentication can significantly improve system resilience by adding an Al-powered layer of security. Thus, adaptive authentication is creating opportunities for passwordless authentication solutions.

Challenge: Reluctance to shift from traditional password-based authentication

The main barrier to abandoning a password-based system for many businesses is unfamiliarity with the new system. People have grown accustomed to using passwords over time, especially those that are simple to remember. Changing to a new password-less platform is perceived by organizations as having a negative impact on user experience and disrupting productivity. Furthermore, implementing passwordless authentication requires a lot of work in the beginning. It necessitates mastering new technologies, configuring new hardware, setting up biometric authentication factors, and consistently implementing new authentication factors throughout each login session. People find it challenging to switch to a passwordless authentication method. Passwordless authentication may not seem convenient to those who are used to password-based authentication. Many people have doubts about its effectiveness.

Market Ecosystem

Passwordless Authentication Market Size, and Share

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By motility, mobile/portable to account for larger market size during the forecast period

Mobile/portable devices rely on passwordless solutions, such as face recognition and fingerprint scanner, to authenticate a user’s identity. These devices are gaining popularity because they are easy to carry everywhere and enable flexibility to users. For instance, Incognia's zero-factor authentication technology identifies trustworthy individuals and detects irregularities using GPS, WiFi, Bluetooth, and device signals. Owing to the benefits of mobile/portable devices, the segment has acquired a large passwordless authentication market share during the forecast period.

By end-use industry, retail and consumer electronics industry to account highest CAGR during the forecast period

Retail and consumer electronics incorporate passwordless authentication technologies, such as face recognition and biometric payment systems. Passwordless authentication services relieve users of the burden of difficult-to-remember passwords. Customers may register using their fingerprints or face due to built-in biometric device authentication. With passwordless authentication solutions, customers will not ever have to rely on tiresome reset procedures to regain access to their accounts owing to passwordless authentication. Thus, in passwordless authentication market, it can be concluded that passwordless authentication solutions are making retail payments and account registration easy and secure, leading to a high CAGR during the forecast period.

By authentication type, MFA to grow at higher CAGR during the forecast period

Multi-factor Authentication (MFA) offers an additional layer of security, reducing the threats of password breaches, credential compromise, identity thefts, hacking, and other cyberattacks. MFA reduces the likelihood of unauthorized logins and fraudulent transactions by forcing users to confirm their identity using several different factors rather than simply a single password or password alternative. To provide advanced security, MFA offers biometric authentication solutions, including fingerprint scanning, face recognition, and iris scanner. It offers a multi-tiered defensive system that provides greater safety oversight and, consequently, better data protection. Thus, it is widely used by organizations and people for the safety of their data and hence is anticipated to have the highest CAGR in the passwordless authentication market during the forecast period.

By region, North America to have the largest market size during the forecast period

Passwordless Authentication Market Size, and Share

North America dominates the global passwordless authentication market with a large number of vendors, such as HID Global, Duo Security, Okta, Ping Identity, Microsoft, IBM, and OneLogin, resulting in the adoption of passwordless solutions in the region. Rising investments in North American countries and the rising incidents of password thefts and credential compromises are the main growth drivers for passwordless authentication in the region. The other drivers for the growing demand for passwordless authentication solutions in the region include the early adoption of innovative and advanced technologies, such as AI and ML, and high awareness among people regarding cybersecurity, pushing North American businesses to adopt passwordless authentication solutions. The widespread use of personal devices, such as smartphones and laptops, to help businesses continue with their operations, and work from home amid the pandemic, is expected to significantly accelerate the adoption of passwordless authentication solutions in the region. These factors result in North America having the largest passwordless authentication market size during the forecast period.

Key Market Players

The key players in the global passwordless authentication market include HID Global (US), NEC (Japan), Microsoft (US), Fujitsu (Japan), Okta (US), Duo Security (US), Thales (France), Beyond Identity (US), Entrust (US), Ping Identity (US), Veridium (UK), OneLogin (US), IBM (US), Yubico (US), Secret Double Octopus (Israel), LogMeOnce (US), Trusona (US), LastPass (US), IDEE (Germany), Prove (US), HYPR (US), Authentiq (UK), BehavioSec (US), Stytch (US), Signicat (Norway), Ubisecure (UK), EmpowerID (US), 1Kosmos (US), Identite (US), Cidaas (Germany), Keyless (US), and PureID (UK).

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Scope of the Report

Report Metrics

Details

Market size value in 2022 6.6 billion
Market size value in 2027 21.2 billion
Market growth rate 26.2% CAGR
Largest Market North America
Market size available for years 2016–2027
Base year considered 2021
Forecast period 2022–2027
Forecast units Value (USD Million/USD Billion)
Segments covered By Offering, By Motility, By Authentication Type, By End-use Industry, and By Region
Geographies covered North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered in Passwordless Authentication Market
  • HID Global (US)
  • NEC (Japan)
  • Microsoft (US)
  • Fujitsu (Japan)
  • Okta (US)
  • Duo Security (US)
  • Thales (France)
  • Beyond Identity (US)
  • Entrust (US)
  • Ping Identity (US)
  • Veridium (UK)
  • OneLogin (US)
  • IBM (US)
  • Yubico (US)
  • Secret Double Octopus (Israel)
  • LogMeOnce (US)
  • Trusona (US)
  • LastPass (US)
  • IDEE (Germany)
  • Prove (US)
  • HYPR (US)
  • Authentiq (UK)
  • BehavioSec (US)
  • Stytch (US)
  • Signicat (Norway)
  • Ubisecure (UK)
  • EmpowerID (US)
  • 1Kosmos (US)
  • Identite (US)
  • Cidaas (Germany)
  • Keyless (US)
  • PureID (UK)

The study categorizes the passwordless authentication market by offering, motility, authentication type, and end-use industry at the regional and global levels.

Market by Offering
  • Hardware
  • Software
  • Services
Market by Motility
  • Mobile/Portable
Market by Authentication Type
  • Single-factor authentication
  • Multi-factor authentication
Market by End-use Industry
  • BFSI
  • IT and ITeS
  • Government and Law Enforcement
  • Healthcare
  • Manufacturing
  • Retail and Consumer Electronics
  • Travel and Hospitality
  • Other Verticals (Education; Energy and Utilities; Aerospace and Defense; Media and Entertainment; Online Gaming; and Transportation and Logistics)
Market by Region
  • North America
  • Europe
  • Middle East and Africa
  • Asia Pacific
  • Latin America

Recent development in passwordless authentication market:

  • In October 2022, Okta enhanced its product Okta Workflows. Okta's Workflows platform has been expanded to address a broader range of identity automation use cases, including sophisticated security orchestration and DevOps. Customers now have the potential to accelerate innovation and automate identity processes owing to new functionalities.
  • In March 2022, HID Global unveiled a new solution named Omnikey Secure Element. The Omnikey Secure Element supports new and current secure access identification and authentication applications, including locker management and electric vehicle charging. It provides multi-layer security that goes beyond card technology to further protect identity data. It also adds credential technologies, such as mobile IDs and employee badges to Apple Wallet.
  • In March 2022, NEC launched a new solution named Account Based Ticketing system (ABT). NEC will develop an Account Based Ticketing (ABT) system with assistance from Electric Railway and LECIP Corporation for commuters in the Hiroshima region. ABT accounts will function as cloud-hosted services and be linked to QR codes or Smart cards. On a cloud server, balances, commuter pass information, trip histories, and concessions/discounts may all be saved, accessed, and changed.
  • In January 2021, Fujitsu unveiled Multi-factor biometric authentication technology. To provide an innovative purchasing experience, Fujitsu Laboratories created a unique multi-factor biometric authentication system. The method uses non-contact biometrics to identify the verification target using palm vein recognition and face data. This device can recognize even when the user is wearing a mask with greater than 99% accuracy.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
    1.4 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED
           TABLE 1 USD EXCHANGE RATES, 2018–2021
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
           FIGURE 1 PASSWORDLESS AUTHENTICATION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primary interviews
                    2.1.2.2 Key industry insights
    2.2 DATA TRIANGULATION
           FIGURE 2 MARKET: RESEARCH FLOW
    2.3 MARKET SIZE ESTIMATION
           FIGURE 3 PASSWORDLESS AUTHENTICATION MARKET: TOP DOWN VS. BOTTOM UP
           2.3.1 REVENUE ESTIMATES
           2.3.2 SUPPLY-SIDE ANALYSIS
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1 (SUPPLY SIDE ANALYSIS): REVENUE OF SOLUTIONS/SERVICES OF PASSWORDLESS AUTHENTICATION VENDORS
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 2,  SUPPLY-SIDE ANALYSIS
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 3, BOTTOM-UP  (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS AND SERVICES OF PASSWORDLESS AUTHENTICATION VENDORS
           2.3.3 DEMAND-SIDE ANALYSIS
                    FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1, TOP-DOWN  (DEMAND SIDE)
    2.4 MARKET FORECAST
           TABLE 2 FACTOR ANALYSIS
    2.5 RESEARCH ASSUMPTIONS
           TABLE 3 STUDY ASSUMPTIONS
    2.6 LIMITATIONS AND RISK ASSESSMENT
           FIGURE 8 LIMITATIONS OF STUDY

3 EXECUTIVE SUMMARY (Page No. - 45)
    TABLE 4 PASSWORDLESS AUTHENTICATION MARKET AND GROWTH RATE, 2016–2021 (USD MILLION, Y-O-Y %)
    TABLE 5 MARKET AND GROWTH RATE, 2022–2027 (USD MILLION, Y-O-Y %)
    FIGURE 9 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022

4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PASSWORDLESS AUTHENTICATION MARKET
           FIGURE 10 NEED FOR COMPLIANCE AUTOMATION AND FRICTIONLESS AUTHENTICATION TO DRIVE GROWTH OF MARKET
    4.2 MARKET, BY OFFERING
           FIGURE 11 HARDWARE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
    4.3 MARKET, BY AUTHENTICATION TYPE
           FIGURE 12 MULTI-FACTOR AUTHENTICATION TO GAIN LARGER MARKET SHARE DURING FORECAST PERIOD
    4.4 MARKET, BY MOTILITY
           FIGURE 13 MOBILE/PORTABLE TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
    4.5 MARKET, BY END-USE INDUSTRY AND REGION
           FIGURE 14 BFSI AND NORTH AMERICA TO ACCOUNT FOR SIGNIFICANT SHARE IN 2022
    4.6 MARKET INVESTMENT SCENARIO
           FIGURE 15 ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENT IN NEXT FIVE YEARS

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 54)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 16 PASSWORDLESS AUTHENTICATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Need to reduce IT costs
                    5.2.1.2 Need to strengthen security and reduce attack vectors
                               FIGURE 17 COST OF DATA BREACHES, BY INITIAL ATTACK VECTOR
                    5.2.1.3 Increasing demand for better user experience
           5.2.2 RESTRAINTS
                    5.2.2.1 High initial deployment cost
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Boost in use of biometric authentication systems
                    5.2.3.2 Growing adoption of adaptive authentication
                               FIGURE 18 RISK DETECTION BY ADAPTIVE AUTHENTICATION
           5.2.4 CHALLENGES
                    5.2.4.1 Security limitations and weaknesses
                    5.2.4.2 Reluctance of people to shift from traditional password-based authentication
    5.3 CASE STUDY ANALYSIS
           5.3.1 CASE STUDY 1: HYPR SAVED AETNA FROM “THE PASSWORD ARMAGEDDON”
           5.3.2 CASE STUDY 2: DUO SECURITY HELPED AHA! ENHANCE CUSTOMER SECURITY
           5.3.3 CASE STUDY 3: MICROSOFT’S ‘WINDOWS HELLO’ PROVIDED AXIATA WITH ELEVATED WORKER EASE AND TIGHTER CYBERSECURITY
    5.4 VALUE CHAIN ANALYSIS
           FIGURE 19 PASSWORDLESS AUTHENTICATION MARKET: VALUE CHAIN
    5.5 ECOSYSTEM ANALYSIS
           FIGURE 20 MARKET ECOSYSTEM
    5.6 PORTER’S FIVE FORCES ANALYSIS
           TABLE 6 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.6.1 THREAT OF NEW ENTRANTS
           5.6.2 THREAT OF SUBSTITUTES
           5.6.3 BARGAINING POWER OF SUPPLIERS
           5.6.4 BARGAINING POWER OF BUYERS
           5.6.5 COMPETITIVE RIVALRY WITHIN INDUSTRY
                    FIGURE 21 MARKET: PORTER’S FIVE FORCES ANALYSIS:
    5.7 PRICING ANALYSIS
           TABLE 7 PASSWORDLESS AUTHENTICATION MARKET: PRICING LEVELS
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING
           5.8.2 PUBLIC-KEY CRYPTOGRAPHY
                    FIGURE 22 PUBLIC-KEY CRYPTOGRAPHY MODEL
           5.8.3 DECENTRALIZED AUTHENTICATION
           5.8.4 BIOMETRIC AUTHENTICATION
                    5.8.4.1 Facial recognition
                    5.8.4.2 3D face recognition
                    5.8.4.3 Finger vein recognition
                    5.8.4.4 Iris recognition
                    5.8.4.5 Voice recognition
    5.9 PATENT ANALYSIS
           TABLE 8 PASSWORDLESS AUTHENTICATION MARKET: PATENTS
           TABLE 9 TOP 10 PATENT OWNERS (US)
           FIGURE 23 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENTS
    5.10 TRENDS/DISRUPTIONS IMPACTING BUYERS
           FIGURE 24 MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS
    5.11 TARIFF AND REGULATORY LANDSCAPE
           5.11.1 INTRODUCTION
           5.11.2 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD (PCI–DSS)
           5.11.3 INTERNATIONAL ORGANIZATION FOR STANDARDIZATION (ISO) 27001
           5.11.4 EUROPEAN UNION GENERAL DATA PROTECTION REGULATION (EU GDPR)
           5.11.5 SERVICE ORGANIZATION CONTROL 2 (SOC 2) COMPLIANCE
           5.11.6 SARBANES-OXLEY (SOX) ACT
           5.11.7 ELECTRONIC IDENTIFICATION, AUTHENTICATION, AND TRUST SERVICES
           5.11.8 KNOW YOUR CUSTOMER REGULATION
           5.11.9 ANTI-MONEY LAUNDERING ACT
    5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.12.1 KEY STAKEHOLDERS ON BUYING PROCESS
                    FIGURE 25 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS (%)
                    TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS (%)
    5.13 KEY CONFERENCES AND EVENTS, 2022–2023
                    TABLE 11 DETAILED LIST OF CONFERENCES AND EVENTS

6 PASSWORDLESS AUTHENTICATION MARKET, BY TYPE (Page No. - 76)
    6.1 INTRODUCTION
    6.2 FINGERPRINT RECOGNITION
    6.3 PALM AND VEIN RECOGNITION
    6.4 IRIS RECOGNITION
    6.5 FACE RECOGNITION
    6.6 VOICE PRINT ANALYSIS
    6.7 SMART CARDS AND SECURITY KEYS
    6.8 OTHER TYPES

7 PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING (Page No. - 81)
    7.1 INTRODUCTION
           7.1.1 OFFERINGS: PASSWORD AUTHENTICATION MARKET DRIVERS
                    FIGURE 26 SERVICES TO GROW AT HIGHEST RATE DURING BY 2027
                    TABLE 12 MARKET, BY OFFERING, 2016–2021 (USD MILLION)
                    TABLE 13 MARKET, BY OFFERING, 2022–2027 (USD MILLION)
    7.2 HARDWARE
           7.2.1 HARDWARE SECURITY IDENTIFICATION AND AUTHENTICATION DEVICES USE AUTOMATED METHODS TO VERIFY IDENTITY
                    TABLE 14 HARDWARE: MARKET, BY REGION,  2016–2021 (USD MILLION)
                    TABLE 15 HARDWARE: MARKET, BY REGION,  2022–2027 (USD MILLION)
    7.3 SOFTWARE
           7.3.1 RISING NEED FOR FRICTIONLESS UI AND ENHANCED SOFTWARE EXPERIENCE
                    TABLE 16 SOFTWARE: MARKET, BY REGION,  2016–2021 (USD MILLION)
                    TABLE 17 SOFTWARE: MARKET, BY REGION,  2022–2027 (USD MILLION)
    7.4 SERVICES
           7.4.1 GROWING DEMAND FOR PASSWORDLESS AUTHENTICATION SERVICES IN SMES
                    TABLE 18 SERVICES: MARKET, BY REGION,  2016–2021 (USD MILLION)
                    TABLE 19 SERVICES: MARKET, BY REGION,  2022–2027 (USD MILLION)

8 PASSWORDLESS AUTHENTICATION MARKET,  BY AUTHENTICATION TYPE (Page No. - 87)
    8.1 INTRODUCTION
           8.1.1 AUTHENTICATION TYPES: MARKET DRIVERS
                    FIGURE 27 MULTI-FACTOR AUTHENTICATION TO GROW AT HIGHER RATE BY 2027
                    TABLE 20 MARKET, BY AUTHENTICATION TYPE,  2016–2021 (USD MILLION)
                    TABLE 21 MARKET, BY AUTHENTICATION TYPE,  2022–2027 (USD MILLION)
    8.2 SINGLE-FACTOR AUTHENTICATION (SFA)
           8.2.1 SINGLE-FACTOR AUTHENTICATION MODE DIFFICULT TO FAKE
                    TABLE 22 SINGLE-FACTOR AUTHENTICATION: MARKET,  BY REGION, 2016–2021 (USD MILLION)
                    TABLE 23 SINGLE-FACTOR AUTHENTICATION: MARKET,  BY REGION, 2022–2027 (USD MILLION)
    8.3 MULTI-FACTOR AUTHENTICATION
           8.3.1 ADDED SECURITY LAYER PROVIDES PROTECTION AGAINST THEFT AND FRAUD
                    TABLE 24 MULTI-FACTOR AUTHENTICATION: MARKET,  BY REGION, 2016–2021 (USD MILLION)
                    TABLE 25 MULTI-FACTOR AUTHENTICATION: MARKET,  BY REGION, 2022–2027 (USD MILLION)

9 PASSWORDLESS AUTHENTICATION MARKET, BY MOTILITY (Page No. - 92)
    9.1 INTRODUCTION
           9.1.1 MOTILITIES: MARKET DRIVERS
                    FIGURE 28 FIXED/RACK MOUNTED TO WITNESS HIGHER GROWTH BY 2027
                    TABLE 26 MARKET, BY MOTILITY, 2016–2021 (USD MILLION)
                    TABLE 27 MARKET, BY MOTILITY, 2022–2027 (USD MILLION)
    9.2 FIXED/RACK MOUNTED
           9.2.1 GROWING NEED TO STRENGTHEN USER EXPERIENCE AND FACILITATE AUTOMATION
                    TABLE 28 FIXED/RACK MOUNTED: MARKET, BY REGION,  2016–2021 (USD MILLION)
                    TABLE 29 FIXED/RACK MOUNTED: MARKET, BY REGION,  2022–2027 (USD MILLION)
    9.3 MOBILE/PORTABLE
           9.3.1 FINGERPRINT SENSORS AND IRIS RECOGNITION TECHNOLOGY TO IMPROVE MOBILE AUTHENTICATION CAPABILITIES
                    TABLE 30 MOBILE/PORTABLE: MARKET, BY REGION,  2016–2021 (USD MILLION)
                    TABLE 31 MOBILE/PORTABLE: MARKET, BY REGION,  2022–2027 (USD MILLION)

10 PASSWORDLESS AUTHENTICATION MARKET,  BY END-USE INDUSTRY (Page No. - 97)
     10.1 INTRODUCTION
             10.1.1 END-USE INDUSTRIES: MARKET DRIVERS
                       FIGURE 29 BFSI TO ACCOUNT FOR LARGEST MARKET BY 2027
                       TABLE 32 MARKET, BY END-USE INDUSTRY,  2016–2021 (USD MILLION)
                       TABLE 33 MARKET, BY END-USE INDUSTRY,  2022–2027 (USD MILLION)
     10.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
             10.2.1 CONTACTLESS BIOMETRICS TO IMPROVE CUSTOMER SERVICE
                       TABLE 34 BFSI: MARKET, BY REGION,  2016–2021 (USD MILLION)
                       TABLE 35 BFSI: MARKET, BY REGION,  2022–2027 (USD MILLION)
     10.3 INFORMATION TECHNOLOGY (IT) AND INFORMATION TECHNOLOGY-ENABLED SERVICES (ITES)
             10.3.1 INCREASED ATTACKS AND DATA BREACHES TO DRIVE USE OF AUTHENTICATION SOLUTIONS IN IT SECTOR
                       TABLE 36 IT AND ITES: MARKET, BY REGION,  2016–2021 (USD MILLION)
                       TABLE 37 IT AND ITES: MARKET, BY REGION,  2022–2027 (USD MILLION)
     10.4 GOVERNMENT AND LAW ENFORCEMENT
             10.4.1 RISING DEMAND FOR PASSWORDLESS AUTHENTICATION TO ENHANCE NATIONAL SECURITY
                       TABLE 38 GOVERNMENT AND LAW ENFORCEMENT: PASSWORDLESS AUTHENTICATION MARKET,  BY REGION, 2016–2021 (USD MILLION)
                       TABLE 39 GOVERNMENT AND LAW ENFORCEMENT: MARKET,  BY REGION, 2022–2027 (USD MILLION)
     10.5 HEALTHCARE
             10.5.1 INCREASING NEED FOR PASSWORDLESS AUTHENTICATION TO IMPROVE PATIENT CARE
                       TABLE 40 HEALTHCARE: MARKET, BY REGION, 2016–2021 (USD MILLION)
                       TABLE 41 HEALTHCARE: MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.6 MANUFACTURING
             10.6.1 PASSWORDLESS AUTHENTICATION TO REDUCE OPERATIONAL LOSSES IN MANUFACTURING COMPANIES
                       TABLE 42 MANUFACTURING: MARKET, BY REGION,  2016–2021 (USD MILLION)
                       TABLE 43 MANUFACTURING: MARKET, BY REGION,  2022–2027 (USD MILLION)
     10.7 TRAVEL AND HOSPITALITY
             10.7.1 GROWING NEED TO ENHANCE SECURITY AT MAJOR PUBLIC PLACES
                       TABLE 44 TRAVEL AND HOSPITALITY: MARKET, BY REGION, 2016–2021 (USD MILLION)
                       TABLE 45 TRAVEL AND HOSPITALITY: MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.8 RETAIL AND CONSUMER ELECTRONICS
             10.8.1 RISING DEMAND FOR PASSWORDLESS AUTHENTICATION FOR SMOOTH RETAIL PURCHASES
                       TABLE 46 RETAIL AND CONSUMER ELECTRONICS: PASSWORDLESS AUTHENTICATION MARKET, BY REGION, 2016–2021 (USD MILLION)
                       TABLE 47 RETAIL AND CONSUMER ELECTRONICS: MARKET,  BY REGION, 2022–2027 (USD MILLION)
     10.9 OTHER END-USE INDUSTRIES
               TABLE 48 OTHER END-USE INDUSTRIES: MARKET, BY REGION, 2016–2021 (USD MILLION)
               TABLE 49 OTHER END-USE INDUSTRIES: MARKET, BY REGION, 2022–2027 (USD MILLION)

11 PASSWORDLESS AUTHENTICATION MARKET, BY REGION (Page No. - 110)
     11.1 INTRODUCTION
               FIGURE 30 ASIA PACIFIC TO GROW AT HIGHEST CAGR BY 2027
               TABLE 50 MARKET, BY REGION, 2016–2021 (USD MILLION)
               TABLE 51 MARKET, BY REGION, 2022–2027 (USD MILLION)
     11.2 NORTH AMERICA
             11.2.1 NORTH AMERICA: MARKET DRIVERS
             11.2.2 NORTH AMERICA: REGULATORY LANDSCAPE
                       FIGURE 31 NORTH AMERICA: MARKET SNAPSHOT
                       TABLE 52 NORTH AMERICA: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING,  2016–2021 (USD MILLION)
                       TABLE 53 NORTH AMERICA: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                       TABLE 54 NORTH AMERICA: MARKET, BY AUTHENTICATION TYPE, 2016–2021 (USD MILLION)
                       TABLE 55 NORTH AMERICA: MARKET, BY AUTHENTICATION TYPE, 2022–2027 (USD MILLION)
                       TABLE 56 NORTH AMERICA: MARKET, BY MOTILITY, 2016–2021 (USD MILLION)
                       TABLE 57 NORTH AMERICA: MARKET, BY MOTILITY, 2022–2027 (USD MILLION)
                       TABLE 58 NORTH AMERICA: MARKET, BY END-USE INDUSTRY, 2016–2021 (USD MILLION)
                       TABLE 59 NORTH AMERICA: MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
                       TABLE 60 NORTH AMERICA: MARKET, BY COUNTRY,  2016–2021 (USD MILLION)
                       TABLE 61 NORTH AMERICA: MARKET, BY COUNTRY,  2022–2027 (USD MILLION)
             11.2.3 US
                       11.2.3.1 High technological awareness with presence of key vendors
                                   TABLE 62 US: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING, 2016–2021 (USD MILLION)
                                   TABLE 63 US: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                                   TABLE 64 US: MARKET, BY AUTHENTICATION TYPE,  2016–2021 (USD MILLION)
                                   TABLE 65 US: MARKET, BY AUTHENTICATION TYPE,  2022–2027 (USD MILLION)
                                   TABLE 66 US: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                                   TABLE 67 US: MARKET, BY MOTILITY,  2022–2027 (USD MILLION)
                                   TABLE 68 US: MARKET, BY END-USE INDUSTRY,  2016–2021 (USD MILLION)
                                   TABLE 69 US: MARKET, BY END-USE INDUSTRY,  2022–2027 (USD MILLION)
             11.2.4 CANADA
                       11.2.4.1 Huge investments made to enhance cybersecurity needs
                                   TABLE 70 CANADA: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING,  2016–2021 (USD MILLION)
                                   TABLE 71 CANADA: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                                   TABLE 72 CANADA: MARKET, BY AUTHENTICATION TYPE,  2016–2021 (USD MILLION)
                                   TABLE 73 CANADA: MARKET, BY AUTHENTICATION TYPE,  2022–2027 (USD MILLION)
                                   TABLE 74 CANADA: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                                   TABLE 75 CANADA: MARKET, BY MOTILITY,  2022–2027 (USD MILLION)
                                   TABLE 76 CANADA: MARKET, BY END-USE INDUSTRY,  2016–2021 (USD MILLION)
                                   TABLE 77 CANADA: MARKET, BY END-USE INDUSTRY,  2022–2027 (USD MILLION)
     11.3 EUROPE
             11.3.1 EUROPE: PASSWORDLESS AUTHENTICATION MARKET DRIVERS
             11.3.2 EUROPE: REGULATORY LANDSCAPE
                       TABLE 78 EUROPE: MARKET, BY OFFERING,  2016–2021 (USD MILLION)
                       TABLE 79 EUROPE: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                       TABLE 80 EUROPE: MARKET, BY AUTHENTICATION TYPE,  2016–2021 (USD MILLION)
                       TABLE 81 EUROPE: MARKET, BY AUTHENTICATION TYPE,  2022–2027 (USD MILLION)
                       TABLE 82 EUROPE: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                       TABLE 83 EUROPE: MARKET, BY MOTILITY,  2022–2027 (USD MILLION)
                       TABLE 84 EUROPE: MARKET, BY END-USE INDUSTRY,  2016–2021 (USD MILLION)
                       TABLE 85 EUROPE: MARKET, BY END-USE INDUSTRY,  2022–2027 (USD MILLION)
                       TABLE 86 EUROPE: MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
                       TABLE 87 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             11.3.3 UK
                       11.3.3.1 Rising investments in passwordless technologies and industry standards, such as FIDO
                                   TABLE 88 UK: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING,  2016–2021 (USD MILLION)
                                   TABLE 89 UK: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                                   TABLE 90 UK: MARKET, BY AUTHENTICATION TYPE,  2016–2021 (USD MILLION)
                                   TABLE 91 UK: MARKET, BY AUTHENTICATION TYPE,  2022–2027 (USD MILLION)
                                   TABLE 92 UK: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                                   TABLE 93 UK: MARKET, BY MOTILITY,  2022–2027 (USD MILLION)
                                   TABLE 94 UK: MARKET, BY END-USE INDUSTRY,  2016–2021 (USD MILLION)
                                   TABLE 95 UK: MARKET, BY END-USE INDUSTRY,  2022–2027 (USD MILLION)
             11.3.4 GERMANY
                       11.3.4.1 Establishing of German Identity card as national eID
                                   TABLE 96 GERMANY: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING,  2016–2021 (USD MILLION)
                                   TABLE 97 GERMANY: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                                   TABLE 98 GERMANY: MARKET, BY AUTHENTICATION TYPE, 2016–2021 (USD MILLION)
                                   TABLE 99 GERMANY: MARKET, BY AUTHENTICATION TYPE, 2022–2027 (USD MILLION)
                                   TABLE 100 GERMANY: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                                   TABLE 101 GERMANY: MARKET, BY MOTILITY,  2022–2027 (USD MILLION)
                                   TABLE 102 GERMANY: MARKET, BY END-USE INDUSTRY,  2016–2021 (USD MILLION)
                                   TABLE 103 GERMANY: MARKET, BY END-USE INDUSTRY,  2022–2027 (USD MILLION)
             11.3.5 FRANCE
                       11.3.5.1 Increased digitalization and strict government regulations
                                   TABLE 104 FRANCE: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING,  2016–2021 (USD MILLION)
                                   TABLE 105 FRANCE: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                                   TABLE 106 FRANCE: MARKET, BY AUTHENTICATION TYPE,  2016–2021 (USD MILLION)
                                   TABLE 107 FRANCE: MARKET, BY AUTHENTICATION TYPE,  2022–2027 (USD MILLION)
                                   TABLE 108 FRANCE: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                                   TABLE 109 FRANCE: MARKET, BY MOTILITY,  2022–2027 (USD MILLION)
                                   TABLE 110 FRANCE: MARKET, BY END-USE INDUSTRY,  2016–2021 (USD MILLION)
                                   TABLE 111 FRANCE: MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
             11.3.6 REST OF EUROPE
                       TABLE 112 REST OF EUROPE: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING, 2016–2021 (USD MILLION)
                       TABLE 113 REST OF EUROPE: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                       TABLE 114 REST OF EUROPE: MARKET, BY AUTHENTICATION TYPE, 2016–2021 (USD MILLION)
                       TABLE 115 REST OF EUROPE: MARKET, BY AUTHENTICATION TYPE, 2022–2027 (USD MILLION)
                       TABLE 116 REST OF EUROPE: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                       TABLE 117 REST OF EUROPE: MARKET, BY MOTILITY, 2022–2027 (USD MILLION)
                       TABLE 118 REST OF EUROPE: MARKET, BY END-USE INDUSTRY, 2016–2021 (USD MILLION)
                       TABLE 119 REST OF EUROPE: MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
     11.4 ASIA PACIFIC
             11.4.1 ASIA PACIFIC: MARKET DRIVERS
             11.4.2 ASIA PACIFIC: REGULATORY LANDSCAPE
                       FIGURE 32 ASIA PACIFIC: MARKET SNAPSHOT
                       TABLE 120 ASIA PACIFIC: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING,  2016–2021 (USD MILLION)
                       TABLE 121 ASIA PACIFIC: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                       TABLE 122 ASIA PACIFIC: MARKET, BY AUTHENTICATION TYPE, 2016–2021 (USD MILLION)
                       TABLE 123 ASIA PACIFIC: MARKET, BY AUTHENTICATION TYPE, 2022–2027 (USD MILLION)
                       TABLE 124 ASIA PACIFIC: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                       TABLE 125 ASIA PACIFIC: MARKET, BY MOTILITY,  2022–2027 (USD MILLION)
                       TABLE 126 ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2016–2021 (USD MILLION)
                       TABLE 127 ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
                       TABLE 128 ASIA PACIFIC: MARKET, BY COUNTRY,  2016–2021 (USD MILLION)
                       TABLE 129 ASIA PACIFIC: MARKET, BY COUNTRY,  2022–2027 (USD MILLION)
             11.4.3 CHINA
                       11.4.3.1 Increasing implementation of digital authentication solutions in various segments coupled with stringent government laws
                                   TABLE 130 CHINA: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING,  2016–2021 (USD MILLION)
                                   TABLE 131 CHINA: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                                   TABLE 132 CHINA: MARKET, BY AUTHENTICATION TYPE,  2016–2021 (USD MILLION)
                                   TABLE 133 CHINA: MARKET, BY AUTHENTICATION TYPE,  2022–2027 (USD MILLION)
                                   TABLE 134 CHINA: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                                   TABLE 135 CHINA: MARKET, BY MOTILITY,  2022–2027 (USD MILLION)
                                   TABLE 136 CHINA: MARKET, BY END-USE INDUSTRY,  2016–2021 (USD MILLION)
                                   TABLE 137 CHINA: MARKET, BY END-USE INDUSTRY,  2022–2027 (USD MILLION)
             11.4.4 JAPAN
                       11.4.4.1 Technological advancements and high awareness regarding cybercrime
                                   TABLE 138 JAPAN: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING,  2016–2021 (USD MILLION)
                                   TABLE 139 JAPAN: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                                   TABLE 140 JAPAN: MARKET, BY AUTHENTICATION TYPE, 2016–2021 (USD MILLION)
                                   TABLE 141 JAPAN: MARKET, BY AUTHENTICATION TYPE,  2022–2027 (USD MILLION)
                                   TABLE 142 JAPAN: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                                   TABLE 143 JAPAN: MARKET, BY MOTILITY, 2022–2027 (USD MILLION)
                                   TABLE 144 JAPAN: MARKET, BY END-USE INDUSTRY,  2016–2021 (USD MILLION)
                                   TABLE 145 JAPAN: MARKET, BY END-USE INDUSTRY,  2022–2027 (USD MILLION)
             11.4.5 INDIA
                       11.4.5.1 Implementation of government policies to promote use of technology
                                   TABLE 146 INDIA: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING,  2016–2021 (USD MILLION)
                                   TABLE 147 INDIA: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                                   TABLE 148 INDIA: MARKET, BY AUTHENTICATION TYPE,  2016–2021 (USD MILLION)
                                   TABLE 149 INDIA: MARKET, BY AUTHENTICATION TYPE,  2022–2027 (USD MILLION)
                                   TABLE 150 INDIA: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                                   TABLE 151 INDIA: MARKET, BY MOTILITY,  2022–2027 (USD MILLION)
                                   TABLE 152 INDIA: MARKET, BY END-USE INDUSTRY,  2016–2021 (USD MILLION)
                                   TABLE 153 INDIA: MARKET, BY END-USE INDUSTRY,  2022–2027 (USD MILLION)
             11.4.6 REST OF ASIA PACIFIC
                       TABLE 154 REST OF ASIA PACIFIC: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING, 2016–2021 (USD MILLION)
                       TABLE 155 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                       TABLE 156 REST OF ASIA PACIFIC: MARKET, BY AUTHENTICATION TYPE, 2016–2021 (USD MILLION)
                       TABLE 157 REST OF ASIA PACIFIC: MARKET, BY AUTHENTICATION TYPE, 2022–2027 (USD MILLION)
                       TABLE 158 REST OF ASIA PACIFIC: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                       TABLE 159 REST OF ASIA PACIFIC: MARKET, BY MOTILITY,  2022–2027 (USD MILLION)
                       TABLE 160 REST OF ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2016–2021 (USD MILLION)
                       TABLE 161 REST OF ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
     11.5 MIDDLE EAST AND AFRICA
             11.5.1 MIDDLE EAST AND AFRICA: PASSWORDLESS AUTHENTICATION MARKET DRIVERS
             11.5.2 MIDDLE EAST AND AFRICA: REGULATORY LANDSCAPE
                       TABLE 162 MIDDLE EAST AND AFRICA: MARKET, BY OFFERING, 2016–2021 (USD MILLION)
                       TABLE 163 MIDDLE EAST AND AFRICA: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                       TABLE 164 MIDDLE EAST AND AFRICA: MARKET,  BY AUTHENTICATION TYPE, 2016–2021 (USD MILLION)
                       TABLE 165 MIDDLE EAST AND AFRICA: MARKET,  BY AUTHENTICATION TYPE, 2022–2027 (USD MILLION)
                       TABLE 166 MIDDLE EAST AND AFRICA: MARKET, BY MOTILITY, 2016–2021 (USD MILLION)
                       TABLE 167 MIDDLE EAST AND AFRICA: MARKET, BY MOTILITY, 2022–2027 (USD MILLION)
                       TABLE 168 MIDDLE EAST AND AFRICA: MARKET, BY END-USE INDUSTRY, 2016–2021 (USD MILLION)
                       TABLE 169 MIDDLE EAST AND AFRICA: MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
                       TABLE 170 MIDDLE EAST AND AFRICA: MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
                       TABLE 171 MIDDLE EAST AND AFRICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             11.5.3 MIDDLE EAST
                       11.5.3.1 Government’s agility in adopting modern technologies
                                   TABLE 172 MIDDLE EAST: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING,  2016–2021 (USD MILLION)
                                   TABLE 173 MIDDLE EAST: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                                   TABLE 174 MIDDLE EAST: MARKET, BY AUTHENTICATION TYPE, 2016–2021 (USD MILLION)
                                   TABLE 175 MIDDLE EAST: MARKET, BY AUTHENTICATION TYPE, 2022–2027 (USD MILLION)
                                   TABLE 176 MIDDLE EAST: MARKET, BY MOTILITY, 2016–2021 (USD MILLION)
                                   TABLE 177 MIDDLE EAST: MARKET, BY MOTILITY,  2022–2027 (USD MILLION)
                                   TABLE 178 MIDDLE EAST: MARKET, BY END-USE INDUSTRY, 2016–2021 (USD MILLION)
                                   TABLE 179 MIDDLE EAST: MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
             11.5.4 AFRICA
                       11.5.4.1 Strong government initiatives to develop passwordless authentication solutions
                                   TABLE 180 AFRICA: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING,  2016–2021 (USD MILLION)
                                   TABLE 181 AFRICA: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                                   TABLE 182 AFRICA: MARKET, BY AUTHENTICATION TYPE, 2016–2021 (USD MILLION)
                                   TABLE 183 AFRICA: MARKET, BY AUTHENTICATION TYPE,  2022–2027 (USD MILLION)
                                   TABLE 184 AFRICA: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                                   TABLE 185 AFRICA: MARKET, BY MOTILITY,  2022–2027 (USD MILLION)
                                   TABLE 186 AFRICA: MARKET, BY END-USE INDUSTRY,  2016–2021 (USD MILLION)
                                   TABLE 187 AFRICA: MARKET, BY END-USE INDUSTRY,  2022–2027 (USD MILLION)
     11.6 LATIN AMERICA
             11.6.1 LATIN AMERICA: PASSWORDLESS AUTHENTICATION MARKET DRIVERS
             11.6.2 LATIN AMERICA: REGULATORY LANDSCAPE
                       TABLE 188 LATIN AMERICA: MARKET, BY OFFERING,  2016–2021 (USD MILLION)
                       TABLE 189 LATIN AMERICA: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                       TABLE 190 LATIN AMERICA: MARKET, BY AUTHENTICATION TYPE, 2016–2021 (USD MILLION)
                       TABLE 191 LATIN AMERICA: MARKET, BY AUTHENTICATION TYPE, 2022–2027 (USD MILLION)
                       TABLE 192 LATIN AMERICA: MARKET, BY MOTILITY, 2016–2021 (USD MILLION)
                       TABLE 193 LATIN AMERICA: MARKET, BY MOTILITY,  2022–2027 (USD MILLION)
                       TABLE 194 LATIN AMERICA: MARKET, BY END-USE INDUSTRY, 2016–2021 (USD MILLION)
                       TABLE 195 LATIN AMERICA: MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
                       TABLE 196 LATIN AMERICA: MARKET, BY COUNTRY,  2016–2021 (USD MILLION)
                       TABLE 197 LATIN AMERICA: MARKET, BY COUNTRY,  2022–2027 (USD MILLION)
             11.6.3 BRAZIL
                       11.6.3.1 Increasing incidence of cybercrime
                                   TABLE 198 BRAZIL: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING,  2016–2021 (USD MILLION)
                                   TABLE 199 BRAZIL: MARKET, BY OFFERING,  2022–2027 (USD MILLION)
                                   TABLE 200 BRAZIL: MARKET, BY AUTHENTICATION TYPE, 2016–2021 (USD MILLION)
                                   TABLE 201 BRAZIL: MARKET, BY AUTHENTICATION TYPE,  2022–2027 (USD MILLION)
                                   TABLE 202 BRAZIL: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                                   TABLE 203 BRAZIL: MARKET, BY MOTILITY,  2022–2027 (USD MILLION)
                                   TABLE 204 BRAZIL: MARKET, BY END-USE INDUSTRY,  2016–2021 (USD MILLION)
                                   TABLE 205 BRAZIL: MARKET, BY END-USE INDUSTRY,  2022–2027 (USD MILLION)
             11.6.4 MEXICO
                       11.6.4.1 Increasing number of cyberattacks
                                   TABLE 206 MEXICO: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING, 2016–2021 (USD MILLION)
                                   TABLE 207 MEXICO: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                                   TABLE 208 MEXICO: MARKET, BY AUTHENTICATION TYPE,  2016–2021 (USD MILLION)
                                   TABLE 209 MEXICO: MARKET, BY AUTHENTICATION TYPE, 2022–2027 (USD MILLION)
                                   TABLE 210 MEXICO: MARKET, BY MOTILITY,  2016–2021 (USD MILLION)
                                   TABLE 211 MEXICO: MARKET, BY MOTILITY, 2022–2027 (USD MILLION)
                                   TABLE 212 MEXICO: MARKET, BY END-USE INDUSTRY,  2016–2021 (USD MILLION)
                                   TABLE 213 MEXICO: MARKET, BY END-USE INDUSTRY,  2022–2027 (USD MILLION)
             11.6.5 REST OF LATIN AMERICA
                       TABLE 214 REST OF LATIN AMERICA: PASSWORDLESS AUTHENTICATION MARKET, BY OFFERING, 2016–2021 (USD MILLION)
                       TABLE 215 REST OF LATIN AMERICA: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                       TABLE 216 REST OF LATIN AMERICA: MARKET,  BY AUTHENTICATION TYPE, 2016–2021 (USD MILLION)
                       TABLE 217 REST OF LATIN AMERICA: MARKET, BY AUTHENTICATION TYPE, 2022–2027 (USD MILLION)
                       TABLE 218 REST OF LATIN AMERICA: MARKET, BY MOTILITY, 2016–2021 (USD MILLION)
                       TABLE 219 REST OF LATIN AMERICA: MARKET, BY MOTILITY, 2022–2027 (USD MILLION)
                       TABLE 220 REST OF LATIN AMERICA: MARKET, BY END-USE INDUSTRY, 2016–2021 (USD MILLION)
                       TABLE 221 REST OF LATIN AMERICA: MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 182)
     12.1 OVERVIEW
     12.2 MARKET EVALUATION FRAMEWORK
               FIGURE 33 MARKET EVALUATION FRAMEWORK, 2019–2022
     12.3 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN
               TABLE 222 OVERVIEW OF STRATEGIES ADOPTED BY KEY PASSWORDLESS AUTHENTICATION VENDORS
     12.4 REVENUE ANALYSIS OF LEADING PLAYERS
               FIGURE 34 PASSWORDLESS AUTHENTICATION MARKET: REVENUE ANALYSIS
     12.5 MARKET SHARE ANALYSIS OF TOP MARKET PLAYERS
               TABLE 223 MARKET: DEGREE OF COMPETITION
     12.6 HISTORICAL REVENUE ANALYSIS
               FIGURE 35 SEGMENTAL REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2017–2021 (USD MILLION)
     12.7 PASSWORD AUTHENTICATION MARKET: RANKING OF KEY PLAYERS
               FIGURE 36 RANKING OF KEY PLAYERS, 2022
     12.8 EVALUATION MATRIX FOR KEY PLAYERS
             12.8.1 EVALUATION MATRIX FOR KEY PLAYERS: DEFINITIONS AND METHODOLOGY
                       FIGURE 37 EVALUATION QUADRANT FOR KEY PLAYERS: CRITERIA WEIGHTAGE
                       FIGURE 38 PASSWORDLESS AUTHENTICATION MARKET: KEY PLAYER EVALUATION QUADRANT, 2022
             12.8.2 STARS
             12.8.3 EMERGING LEADERS
             12.8.4 PERVASIVE PLAYERS
             12.8.5 PARTICIPANTS
     12.9 COMPETITIVE BENCHMARKING
             12.9.1 EVALUATION CRITERIA FOR KEY COMPANIES
                       TABLE 224 COMPANY INDUSTRY FOOTPRINT
                       TABLE 225 COMPANY REGIONAL FOOTPRINT
             12.9.2 EVALUATION CRITERIA FOR STARTUPS
                       TABLE 226 DETAILED LIST OF STARTUPS
                       TABLE 227 REGIONAL FOOTPRINT FOR STARTUPS
     12.10 EVALUATION MATRIX FOR STARTUPS
               12.10.1 EVALUATION MATRIX FOR STARTUPS: DEFINITIONS AND METHODOLOGY
                                   FIGURE 39 EVALUATION QUADRANT FOR STARTUPS: CRITERIA WEIGHTAGE
                                   FIGURE 40 PASSWORDLESS AUTHENTICATION MARKET:  STARTUP EVALUATION MATRIX, 2022
               12.10.2 PROGRESSIVE COMPANIES
               12.10.3 RESPONSIVE COMPANIES
               12.10.4 DYNAMIC COMPANIES
               12.10.5 STARTING BLOCKS
     12.11 COMPETITIVE SCENARIO
               12.11.1 PRODUCT/SOLUTION LAUNCHES
                                   TABLE 228 MARKET: PRODUCT/SOLUTION LAUNCHES, 2019–2022
               12.11.2 DEALS
                                   TABLE 229 PASSWORDLESS AUTHENTICATION MARKET: DEALS, 2019–2022

13 COMPANY PROFILES (Page No. - 207)
     13.1 KEY PLAYERS
(Business Overview, Solutions, Products & Services, Recent Developments, MnM View)*
             13.1.1 HID GLOBAL
                       TABLE 230 HID GLOBAL: BUSINESS OVERVIEW
                       TABLE 231 HID GLOBAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 232 HID GLOBAL: PRODUCT LAUNCHES
                       TABLE 233 HID GLOBAL: DEALS
             13.1.2 NEC
                       TABLE 234 NEC: BUSINESS OVERVIEW
                       FIGURE 41 NEC: COMPANY SNAPSHOT
                       TABLE 235 NEC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 236 NEC: PRODUCT LAUNCHES
                       TABLE 237 NEC: DEALS
             13.1.3 MICROSOFT
                       TABLE 238 MICROSOFT: BUSINESS OVERVIEW
                       FIGURE 42 MICROSOFT: COMPANY SNAPSHOT
                       TABLE 239 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 240 MICROSOFT: PRODUCT LAUNCHES
                       TABLE 241 MICROSOFT: DEALS
             13.1.4 FUJITSU
                       TABLE 242 FUJITSU: BUSINESS OVERVIEW
                       FIGURE 43 FUJITSU: COMPANY SNAPSHOT
                       TABLE 243 FUJITSU: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 244 FUJITSU: PRODUCT LAUNCHES
                       TABLE 245 FUJITSU: DEALS
             13.1.5 OKTA
                       TABLE 246 OKTA: BUSINESS OVERVIEW
                       FIGURE 44 OKTA: COMPANY SNAPSHOT
                       TABLE 247 OKTA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 248 OKTA: PRODUCT LAUNCHES
                       TABLE 249 OKTA: DEALS
             13.1.6 DUO SECURITY
                       TABLE 250 DUO SECURITY: BUSINESS OVERVIEW
                       TABLE 251 DUO SECURITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 252 DUO SECURITY: PRODUCT LAUNCHES
                       TABLE 253 DUO SECURITY: DEALS
             13.1.7 THALES
                       TABLE 254 THALES: BUSINESS OVERVIEW
                       FIGURE 45 THALES: COMPANY SNAPSHOT
                       TABLE 255 THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 256 THALES: PRODUCT LAUNCHES
                       TABLE 257 THALES: DEALS
             13.1.8 BEYOND IDENTITY
                       TABLE 258 BEYOND IDENTITY: BUSINESS OVERVIEW
                       TABLE 259 BEYOND IDENTITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 260 BEYOND IDENTITY: PRODUCT LAUNCHES
                       TABLE 261 BEYOND IDENTITY: DEALS
             13.1.9 ENTRUST
                       TABLE 262 ENTRUST: BUSINESS OVERVIEW
                       TABLE 263 ENTRUST: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 264 ENTRUST: PRODUCT LAUNCHES
                       TABLE 265 ENTRUST: DEALS
             13.1.10 PING IDENTITY
                       TABLE 266 PING IDENTITY: BUSINESS OVERVIEW
                       FIGURE 46 PING IDENTITY: COMPANY SNAPSHOT
                       TABLE 267 PING IDENTITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 268 PING IDENTITY: PRODUCT LAUNCHES
                       TABLE 269 PING IDENTITY: DEALS
             13.1.11 VERIDIUM
                       TABLE 270 VERIDIUM: BUSINESS OVERVIEW
                       TABLE 271 VERIDIUM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 272 VERIDIUM: PRODUCT LAUNCHES
                       TABLE 273 VERIDIUM: DEALS
             13.1.12 ONELOGIN
                       TABLE 274 ONELOGIN: BUSINESS OVERVIEW
                       TABLE 275 ONELOGIN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 276 ONELOGIN: PRODUCT LAUNCHES
                       TABLE 277 ONELOGIN: DEALS
*Details on Business Overview, Solutions, Products & Services, Recent Developments, MnM View might not be captured in case of unlisted companies.
     13.2 OTHER PLAYERS
             13.2.1 IBM
             13.2.2 YUBICO
             13.2.3 SECRET DOUBLE OCTOPUS
             13.2.4 LOGMEONCE
             13.2.5 TRUSONA
             13.2.6 LASTPASS
             13.2.7 IDEE
             13.2.8 PROVE
             13.2.9 HYPR
             13.2.10 AUTHENTIQ
             13.2.11 BEHAVIOSEC
             13.2.12 STYTCH
             13.2.13 SIGNICAT
             13.2.14 UBISECURE
             13.2.15 EMPOWERID
     13.3 STARTUPS
             13.3.1 1KOSMOS
             13.3.2 IDENTITE
             13.3.3 CIDAAS
             13.3.4 KEYLESS
             13.3.5 PUREID

14 ADJACENT MARKETS (Page No. - 285)
     14.1 INTRODUCTION TO ADJACENT MARKETS
               TABLE 278 ADJACENT MARKETS AND FORECASTS
     14.2 LIMITATIONS
     14.3 PASSWORDLESS AUTHENTICATION: ADJACENT MARKETS
             14.3.1 CONTACTLESS BIOMETRICS MARKET
                       TABLE 279 CONTACTLESS BIOMETRICS MARKET, BY SOFTWARE, 2018–2021 (USD MILLION)
                       TABLE 280 CONTACTLESS BIOMETRICS MARKET, BY SOFTWARE, 2022–2027 (USD MILLION)
                       TABLE 281 FACE RECOGNITION MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 282 FACE RECOGNITION MARKET, BY REGION, 2022–2027 (USD MILLION)
                       TABLE 283 IRIS RECOGNITION MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 284 IRIS RECOGNITION MARKET, BY REGION, 2022–2027 (USD MILLION)
                       TABLE 285 CONTACTLESS FINGERPRINT RECOGNITION MARKET, BY REGION,  2018–2021 (USD MILLION)
                       TABLE 286 CONTACTLESS FINGERPRINT RECOGNITION MARKET, BY REGION,  2022–2027 (USD MILLION)
                       TABLE 287 CONTACTLESS BIOMETRIC CARDS MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 288 CONTACTLESS BIOMETRIC CARDS MARKET, BY REGION, 2022–2027 (USD MILLION)
                       TABLE 289 VOICE RECOGNITION MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 290 VOICE RECOGNITION MARKET, BY REGION, 2022–2027 (USD MILLION)
             14.3.2 DIGITAL IDENTITY SOLUTIONS MARKET
                       TABLE 291 DIGITAL IDENTITY SOLUTIONS MARKET, BY OFFERING, 2016–2021 (USD MILLION)
                       TABLE 292 DIGITAL IDENTITY SOLUTIONS MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                       TABLE 293 SOLUTIONS: DIGITAL IDENTITY SOLUTIONS MARKET, BY REGION,  2016–2021 (USD MILLION)
                       TABLE 294 SOLUTIONS: DIGITAL IDENTITY SOLUTIONS MARKET, BY REGION,  2022–2027 (USD MILLION)
                       TABLE 295 SERVICES: DIGITAL IDENTITY SOLUTIONS MARKET, BY REGION,  2016–2021 USD MILLION)
                       TABLE 296 SERVICES: DIGITAL IDENTITY SOLUTIONS MARKET, BY REGION,  2022–2027 (USD MILLION)
             14.3.3 MULTI-FACTOR AUTHENTICATION MARKET
                       TABLE 297 MULTI-FACTOR AUTHENTICATION MARKET, BY MODEL TYPE, 2016–2021 (USD MILLION)
                       TABLE 298 MULTI-FACTOR AUTHENTICATION MARKET, BY MODEL TYPE, 2022–2027 (USD MILLION)
                       TABLE 299 TWO-FACTOR: MULTI-FACTOR AUTHENTICATION MARKET, BY REGION,  2016–2021 (USD MILLION)
                       TABLE 300 TWO-FACTOR: MULTI-FACTOR AUTHENTICATION MARKET, BY REGION, 2022–2027 (USD MILLION)
                       TABLE 301 THREE-FACTOR: MULTI-FACTOR AUTHENTICATION MARKET, BY REGION, 2016–2021 (USD MILLION)
                       TABLE 302 THREE-FACTOR: MULTI-FACTOR AUTHENTICATION MARKET,  BY REGION, 2022–2027 (USD MILLION)
                       TABLE 303 FOUR-FACTOR: MULTI-FACTOR AUTHENTICATION MARKET, BY REGION,  2016–2021 (USD MILLION)
                       TABLE 304 FOUR-FACTOR: MULTI-FACTOR AUTHENTICATION MARKET, BY REGION,  2022–2027 (USD MILLION)
                       TABLE 305 FIVE-FACTOR: MULTI-FACTOR AUTHENTICATION MARKET, BY REGION,  2016–2021 (USD MILLION)
                       TABLE 306 FIVE-FACTOR: MULTI-FACTOR AUTHENTICATION MARKET, BY REGION, 2022–2027 (USD MILLION)

15 APPENDIX (Page No. - 296)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS'  SUBSCRIPTION PORTAL
     15.3 CUSTOMIZATION OPTIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The study involved major activities in estimating the current market size for the passwordless authentication market. Exhaustive secondary research was done to collect information on the passwordless authentication industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the market.

Secondary Research

In the secondary research process, various sources were referred to for identifying and collecting information regarding the study. The secondary sources included annual reports, press releases, investor presentations of passwordless authentication software and service vendors, forums, certified publications, and white papers. The secondary research was used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market and technology-oriented perspectives, all of which were further validated by primary sources. The factors considered for estimating the regional market size are technological initiatives undertaken by governments of different countries, Gross Domestic Product (GDP) growth, ICT spending, recent market developments, and market ranking analysis of major passwordless authentication solution providers.

Primary Research

Various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, including Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the passwordless authentication market.

In the complete market engineering process, the top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.

After the complete market engineering process (including calculations for market statistics, market breakups, market size estimations, market forecasts, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. The primary research was also conducted to identify the segmentation types; industry trends; the competitive landscape of passwordless authentication market players; and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies.

Following is the breakup of the primary study:

Passwordless Authentication Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Passwordless Authentication Market Size Estimation

Passwordless Authentication Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Top-down and bottom-up approaches were used to estimate and validate the size of the global passwordless authentication market and estimate the size of various other dependent subsegments in the overall market. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their revenue contributions in respective regions were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of the top market players, and extensive interviews were conducted for key insights from the industry leaders, such as CEOs, VPs, directors, and marketing executives. All percentage splits and breakups were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define, describe, and forecast the passwordless authentication market based on offerings, motilities, authentication types, end-use industries, and regions.
  • To forecast the market size of five main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
  • To analyze the subsegments of the market with respect to individual growth trends, prospects, and contributions to the overall market.
  • To provide detailed information related to the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market.
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market.
  • To profile the key players of the market and comprehensively analyze their market size and core competencies.
  • To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global passwordless authentication market.

Customization options

With the given market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:

Geographic analysis

  • Further breakup of the Asia Pacific market into countries contributing 75% to the regional passwordless authentication market size
  • Further breakup of the North American market into countries contributing 75% to the regional market size
  • Further breakup of the Latin American market into countries contributing 75% to the regional market size
  • Further breakup of the Middle Eastern & African market into countries contributing 75% to the regional market size
  • Further breakup of the European market into countries contributing 75% to the regional market size

Company information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
TC 8497
Published ON
Nov, 2022
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