Global Passwordless Multi-Factor Authentication (MFA) Market Growth (Status and Outlook) 2023-2029
Passwordless Authentication is an authentication method that allows a user to gain access to an application or IT system without entering a password or answering security questions. Instead, the user provides some other form of evidence such as a fingerprint, proximity badge, or hardware token code. Passwordless Authentication is often used in conjunction with Multi-Factor Authentication (MFA) and Single Sign-On solutions to improve the user experience, strengthen security, and reduce IT operations expense and complexity.
LPI (LP Information)' newest research report, the “Passwordless Multi-Factor Authentication (MFA) Industry Forecast” looks at past sales and reviews total world Passwordless Multi-Factor Authentication (MFA) sales in 2022, providing a comprehensive analysis by region and market sector of projected Passwordless Multi-Factor Authentication (MFA) sales for 2023 through 2029. With Passwordless Multi-Factor Authentication (MFA) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Passwordless Multi-Factor Authentication (MFA) industry.
This Insight Report provides a comprehensive analysis of the global Passwordless Multi-Factor Authentication (MFA) 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 Multi-Factor Authentication (MFA) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Passwordless Multi-Factor Authentication (MFA) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Passwordless Multi-Factor Authentication (MFA) 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 Multi-Factor Authentication (MFA).
The global Passwordless Multi-Factor Authentication (MFA) market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
United States market for Passwordless Multi-Factor Authentication (MFA) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Passwordless Multi-Factor Authentication (MFA) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Passwordless Multi-Factor Authentication (MFA) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Passwordless Multi-Factor Authentication (MFA) players cover Microsoft, One Identity, HYPR, CyberArk, Duo Security (Cisco), Double Octopus, Trusona, Acceptto and Beyond Identity, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Passwordless Multi-Factor Authentication (MFA) market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Cloud Based
On-premises
Segmentation by application
SMEs
Large Enterprises
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.
Microsoft
One Identity
HYPR
CyberArk
Duo Security (Cisco)
Double Octopus
Trusona
Acceptto
Beyond Identity
IDEE
Ivanti
Keyless
Okta
Ping Identity
Swoop
Magic
Yubico
OneSpan
Veridium
Thales
HID Global
AuthenTrend
Ensurity Technologies
Authentiq
1Kosmos
cidaas
Identite
Privakey
Entrust
TraitWare
Please note: The report will take approximately 2 business days to prepare and deliver.
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