Global Passwordless Authentication Software Market Growth (Status and Outlook) 2024-2030

Global Passwordless Authentication Software Market Growth (Status and Outlook) 2024-2030

Passwordless authentication is a type of muti-factor authentication (MFA) that eliminates a password as an authentication type. Instead of using passwords (something the user knows), passwordless authentication relies on authenticating a user via other means, such as something a user has (like a trusted mobile device or a hardware security key) and something that they are (for example, scanning their fingerprint).

The global Passwordless Authentication Software market size is projected to grow from US$ 1199.3 million in 2023 to US$ 3761.7 million in 2030; it is expected to grow at a CAGR of 17.7% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Passwordless Authentication Software Industry Forecast” looks at past sales and reviews total world Passwordless Authentication Software sales in 2023, providing a comprehensive analysis by region and market sector of projected Passwordless Authentication Software sales for 2024 through 2030. With Passwordless Authentication Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Passwordless Authentication Software industry.

This Insight Report provides a comprehensive analysis of the global Passwordless Authentication Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Passwordless Authentication Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Passwordless Authentication Software market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Passwordless Authentication Software and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Passwordless Authentication Software.

The future market trends of Passwordless Authentication Software are influenced by several factors, such as the increasing need for secure and convenient authentication solutions, rising incidents of cyberattacks and data breaches, and the adoption of cloud-based services and mobile devices. Some of the key trends that are expected to shape the market are:

The integration of artificial intelligence (AI) with Passwordless Authentication Software to enhance diagnosis, treatment, and decision making. AI can also help personalize authentication services and optimize resource allocation.

The expansion of telehealth services to cover more specialties and scenarios, such as chronic disease management, mental health care, home care, and emergency care. Telehealth can also enable cross-border collaboration and consultation among healthcare providers.

The adoption of wearable health tech to monitor users’ vital signs and biometric data in real time. Wearable devices can also provide feedback and alerts to users and caregivers, as well as connect with Passwordless Authentication Software platforms for data analysis and intervention.

The emergence of internet-based closed loops that cover treatment, drugs, and insurance. This can create a more convenient and seamless experience for users and reduce authentication costs. This can also enable a new business model of online Health Maintenance Organization (HMO) that provides comprehensive and integrated authentication services.

This report presents a comprehensive overview, market shares, and growth opportunities of Passwordless Authentication Software market by product type, application, key players and key regions and countries.

Segmentation by type
Cloud -Based
Web-based

Segmentation by application
BFSI
IT and Telecomm
Healthcare
Government
Defense and Surveillance
Consumer Electronics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Ping Identity
Yubico
Secret Double Octopus
Microsoft
Authentiq
1Kosmos
cidaas
Groove id
HYPR
IDEE GmbH
IdRamp
Locurity
Fortmatic
Identite
OARO
Privakey
ReachFive
Trusona
Veridium

Please note: The report will take approximately 2 business days to prepare and deliver.