Passwordless Authentication Market is expected to reach USD 23 Bn by 2029
Global Passwordless Authentication Market size was valued at USD 6.5 Bn in 2022 and is expected to reach USD 23 Bn by 2029, at a CAGR of 26.3% over the forecast period (2023-2029).

The increased cost of deployment by a detailed step-by-step plan including training staff and implementation of new software and hardware is expected to restrain the Passwordless Authentication market growth. Hardware installation cost includes tokens, and card costs, which also covers the purchasing device.

Passwordless Authentication Market Overview:

The MMR’s Passwordless Authentication Market report provides a market overview, market structure, as well as preventative and pre-planned management strategies for survival in the industry. The report focuses on the factors which influences the Passwordless Authentication Market, such as gross margin, cost, market share, capacity utilization, and supply and demand in the industry. The Passwordless Authentication market report also estimates the future potential of the Passwordless Authentication market and possibility of upcoming opportunities in next few years during the forecast period.

Passwordless Authentication Market Scope

The report focuses on the major key drivers and restraints for key companies, as well a s the current competitive benchmarking and development prospects. The report consists of the comprehensive analysis of the key competition of the industry by analysing the key profiles with their product portfolios, financial performances, annual reports, revenue generated, marketing tactics and specific players regional presence in the industry.

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The data collected from many sources such as the paid and free databases, telephonic interviews, annual reports, government survey reports are all scrutinized by the MMR’s leading research team and experts of the market research and is represented scientifically in the forms of the graphs, pie charts and tables in simple understandable language for the user. The research tools such as SWOT analysis, PESTLE analysis and PORTER’s five forces are undertaken by the research team for analysing the qualitative and quantitative data. 


Based on Components, the Hardware segment held the largest Passwordless Authentication Market share in 2022. Users utilize hardware-based security devices to perform multi-factor authentication with the use of cryptographically secure hardware. It is biometric systems, smart cards, tokens, and mobile solutions. These applications are used to keep data secure and compatible with global security requirements.

Based on Type, the fingerprint authentication segment held the largest market share in 2022 and is expected to continue its dominance over the forecast period. An increase in segment growth due to an increase in the law enforcement sector is expected to boost the demand for the fingerprint authentication segment. Face recognition is widely adopted by smartphone users for unlocking their phones and verifying payment.

Key Players : 

• Fujitsu
• NEC Corporation
• M2SYS Technology
• Microsoft
• HID Global Corporation
• Okta
• HID Global
• Duo Security
• Cisco
• Log Me Once
• Trusona
• PureID
• Keyless

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Regional Analysis:   

The study delves into the Passwordless Authentication market in depth, segmenting it into regions. The regional analysis provide the specific market share by the specific market regions acquired by the key players. The government initiatives and subsidiaries for the Passwordless Authentication market are also covered for studying the potential impacts of it on the market.    Each region's market is thoroughly researched, allowing for the discovery of regional market trends, constraints, and growth potential.

Key Questions answered in the Passwordless Authentication Market Report are:

  • What is Passwordless Authentication Market?
  • What is the forecast period of the Market?
  • What is the competitive scenario of the market?
  • Which region held the largest market share in the Market?
  • What are the opportunities for the Market?
  • What factors are affecting the market growth?
  • Who are the key players of the market?
  • Which company held the largest share in the market?
  • What will be the CAGR of the market during the forecast period?
  • What key trends are likely to emerge in the market in the coming years?

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by Passwordless Authentication Market
  • Landscape- Leading key players and other prominent key players.

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