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Passwordless Authentication Market By Type, By Authentication Type, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 208 Pages
  • January 2023
  • Region: Global
  • Allied Market Research
  • ID: 5751128
The passwordless authentication market was valued at $12.8 billion in 2021, and is projected to reach $40.22 billion by 2031, registering a CAGR of 12.22% from 2022 to 2031. A user can access an application or IT system using passwordless authentication, which eliminates the need for users to input passwords or provides answers to security questions. The user instead offers another type of proof, such as a fingerprint, proximity badge, or hardware token code. Passwordless authentication is frequently used with multi-factor authentication (MFA) and single sign-on (SSO) technologies to enhance user experience, boost security, and simplify and lower the cost of IT operations.

The market for passwordless authentication is anticipated to expand significantly throughout the projected period due to the developments in technologies like the internet of things (IoT) and artificial intelligence. In addition, the market has grown as a result of increased consumer electronics device penetration and surge in awareness of the use of passwordless authentication in the banking industry. However, the main issue limiting market development is the rise in expense of deploying passwordless authentications. The expansion of the passwordless authentication market, on the other hand, is anticipated to be fueled by the rise in demand for cybersecurity and the adoption of new authentication methods to improve customer experience.

The passwordless authentication market research is segmented into type, authentication type, industry vertical, and region. Based on type, the market is divided into authentication using face recognition (selfie authentication), challenge-response authentication mechanism (CRAM), fingerprint/thumbprint authentication, and others. By authentication type, the market is categorized into single-factor and multi factor. Based on the industry vertical the market is segmented into aerospace & defence, BFSI, government & law enforcement, healthcare, IT & telecom, retail, transportation & logistics, and others. Region-wise, the passwordless authentication market trends are analyzed across North America (U.S. and Canada), Europe (Germany, Italy, France, Spain, UK, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America, specifically the U.S. and Canada, remains a significant participant in the global passwordless authentication industry. Key players operating in the market are Cognitec Systems GmbH, Fujitsu Limited, Google LLC, HID Global Corporation, IBM Corporation, Microsoft Corporation, NEC Corporation, Okta, Secret Double Octopus (SDO) and Thales Group.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the passwordless authentication market analysis from 2021 to 2031 to identify the prevailing passwordless authentication market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the passwordless authentication market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global passwordless authentication market trends, key players, market segments, application areas, and market growth Strategies.

Key Market Segments

By Type

  • Fingerprint or Thumbprint Authentication
  • Authentication Using Face Recognition
  • Challenge Response Authentication Mechanism

By Authentication Type

  • Single Factor
  • Multi Factor

By Industry Vertical

  • Aerospace and Defence
  • BFSI
  • Government and Law Enforcement
  • Healthcare
  • IT and Telecom
  • Retail
  • Transportation and Logistics

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • Italy
  • France
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Cognitec Systems GmbH
  • Fujitsu Limited
  • Google LLC (Alphabet)
  • HID Global Corporation
  • IBM Corporation
  • Microsoft Corporation
  • NEC CORPORATION
  • Okta
  • Thales Group
  • Secret Double Octopus (SDO)

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. High bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. Moderate threat of substitutes
3.3.4. High threat of new entrants
3.3.5. High intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in penetration of consumer electronic devices
3.4.1.2. Growing advancement in technologies such as the internet of things (IoT) and artificial intelligence
3.4.1.3. Rising awareness of the application of passwordless authentication in the banking sector
3.4.2. Restraints
3.4.2.1. Increased cost of the deployment
3.4.3. Opportunities
3.4.3.1. Increase in demand for cybersecurity
3.4.3.2. Adoption of the shift in authentication processes to enhance customer experience
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: PASSWORDLESS AUTHENTICATION MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Authentication Using Face Recognition
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Challenge Response Authentication Mechanism
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Fingerprint or Thumbprint Authentication
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Others
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country

CHAPTER 5: PASSWORDLESS AUTHENTICATION MARKET, BY AUTHENTICATION TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Single Factor
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Multi Factor
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country

CHAPTER 6: PASSWORDLESS AUTHENTICATION MARKET, BY INDUSTRY VERTICAL
6.1. Overview
6.1.1. Market size and forecast
6.2. Aerospace and Defence
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. BFSI
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Government and Law Enforcement
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Healthcare
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. IT and Telecom
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country
6.7. Retail
6.7.1. Key market trends, growth factors and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market share analysis by country
6.8. Transportation and Logistics
6.8.1. Key market trends, growth factors and opportunities
6.8.2. Market size and forecast, by region
6.8.3. Market share analysis by country
6.9. Others
6.9.1. Key market trends, growth factors and opportunities
6.9.2. Market size and forecast, by region
6.9.3. Market share analysis by country

CHAPTER 7: PASSWORDLESS AUTHENTICATION MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Type
7.2.3. Market size and forecast, by Authentication Type
7.2.4. Market size and forecast, by Industry Vertical
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Type
7.2.5.1.3. Market size and forecast, by Authentication Type
7.2.5.1.4. Market size and forecast, by Industry Vertical
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Type
7.2.5.2.3. Market size and forecast, by Authentication Type
7.2.5.2.4. Market size and forecast, by Industry Vertical
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Type
7.3.3. Market size and forecast, by Authentication Type
7.3.4. Market size and forecast, by Industry Vertical
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Type
7.3.5.1.3. Market size and forecast, by Authentication Type
7.3.5.1.4. Market size and forecast, by Industry Vertical
7.3.5.2. Italy
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Type
7.3.5.2.3. Market size and forecast, by Authentication Type
7.3.5.2.4. Market size and forecast, by Industry Vertical
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Type
7.3.5.3.3. Market size and forecast, by Authentication Type
7.3.5.3.4. Market size and forecast, by Industry Vertical
7.3.5.4. Spain
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Type
7.3.5.4.3. Market size and forecast, by Authentication Type
7.3.5.4.4. Market size and forecast, by Industry Vertical
7.3.5.5. UK
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Type
7.3.5.5.3. Market size and forecast, by Authentication Type
7.3.5.5.4. Market size and forecast, by Industry Vertical
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Type
7.3.5.6.3. Market size and forecast, by Authentication Type
7.3.5.6.4. Market size and forecast, by Industry Vertical
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Type
7.4.3. Market size and forecast, by Authentication Type
7.4.4. Market size and forecast, by Industry Vertical
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Type
7.4.5.1.3. Market size and forecast, by Authentication Type
7.4.5.1.4. Market size and forecast, by Industry Vertical
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Type
7.4.5.2.3. Market size and forecast, by Authentication Type
7.4.5.2.4. Market size and forecast, by Industry Vertical
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Type
7.4.5.3.3. Market size and forecast, by Authentication Type
7.4.5.3.4. Market size and forecast, by Industry Vertical
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Type
7.4.5.4.3. Market size and forecast, by Authentication Type
7.4.5.4.4. Market size and forecast, by Industry Vertical
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Type
7.4.5.5.3. Market size and forecast, by Authentication Type
7.4.5.5.4. Market size and forecast, by Industry Vertical
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Type
7.5.3. Market size and forecast, by Authentication Type
7.5.4. Market size and forecast, by Industry Vertical
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Type
7.5.5.1.3. Market size and forecast, by Authentication Type
7.5.5.1.4. Market size and forecast, by Industry Vertical
7.5.5.2. Middle East
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Type
7.5.5.2.3. Market size and forecast, by Authentication Type
7.5.5.2.4. Market size and forecast, by Industry Vertical
7.5.5.3. Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Type
7.5.5.3.3. Market size and forecast, by Authentication Type
7.5.5.3.4. Market size and forecast, by Industry Vertical

CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES
9.1. Cognitec Systems GmbH
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Key strategic moves and developments
9.2. Fujitsu Limited
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.2.7. Key strategic moves and developments
9.3. Google LLC (Alphabet)
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. HID Global Corporation
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Key strategic moves and developments
9.5. IBM Corporation
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.5.7. Key strategic moves and developments
9.6. Microsoft Corporation
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.6.7. Key strategic moves and developments
9.7. NEC CORPORATION
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.7.7. Key strategic moves and developments
9.8. Okta
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Business performance
9.8.7. Key strategic moves and developments
9.9. Secret Double Octopus (SDO)
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Key strategic moves and developments
9.10. Thales Group
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
9.10.7. Key strategic moves and developments

List of Tables
Table 01. Global Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 02. Passwordless Authentication Market for Authentication Using Face Recognition, by Region, 2021-2031 (Revenue, $Billion)
Table 03. Passwordless Authentication Market for Challenge Response Authentication Mechanism, by Region, 2021-2031 (Revenue, $Billion)
Table 04. Passwordless Authentication Market for Fingerprint or Thumbprint Authentication, by Region, 2021-2031 (Revenue, $Billion)
Table 05. Passwordless Authentication Market for Others, by Region, 2021-2031 (Revenue, $Billion)
Table 06. Global Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 07. Passwordless Authentication Market for Single Factor, by Region, 2021-2031 (Revenue, $Billion)
Table 08. Passwordless Authentication Market for Multi Factor, by Region, 2021-2031 (Revenue, $Billion)
Table 09. Global Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 10. Passwordless Authentication Market for Aerospace and Defence, by Region, 2021-2031 (Revenue, $Billion)
Table 11. Passwordless Authentication Market for Bfsi, by Region, 2021-2031 (Revenue, $Billion)
Table 12. Passwordless Authentication Market for Government and Law Enforcement, by Region, 2021-2031 (Revenue, $Billion)
Table 13. Passwordless Authentication Market for Healthcare, by Region, 2021-2031 (Revenue, $Billion)
Table 14. Passwordless Authentication Market for IT and Telecom, by Region, 2021-2031 (Revenue, $Billion)
Table 15. Passwordless Authentication Market for Retail, by Region, 2021-2031 (Revenue, $Billion)
Table 16. Passwordless Authentication Market for Transportation and Logistics, by Region, 2021-2031 (Revenue, $Billion)
Table 17. Passwordless Authentication Market for Others, by Region, 2021-2031 (Revenue, $Billion)
Table 18. Passwordless Authentication Market, by Region, 2021-2031 (Revenue, $Billion)
Table 19. North America Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 20. North America Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 21. North America Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 22. North America Passwordless Authentication Market, by Country, 2021-2031 (Revenue, $Billion)
Table 23. U.S. Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 24. U.S. Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 25. U.S. Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 26. Canada Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 27. Canada Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 28. Canada Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 29. Europe Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 30. Europe Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 31. Europe Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 32. Europe Passwordless Authentication Market, by Country, 2021-2031 (Revenue, $Billion)
Table 33. Germany Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 34. Germany Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 35. Germany Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 36. Italy Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 37. Italy Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 38. Italy Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 39. France Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 40. France Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 41. France Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 42. Spain Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 43. Spain Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 44. Spain Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 45. UK Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 46. UK Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 47. UK Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 48. Rest of Europe Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 49. Rest of Europe Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 50. Rest of Europe Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 51. Asia-Pacific Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 52. Asia-Pacific Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 53. Asia-Pacific Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 54. Asia-Pacific Passwordless Authentication Market, by Country, 2021-2031 (Revenue, $Billion)
Table 55. China Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 56. China Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 57. China Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 58. Japan Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 59. Japan Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 60. Japan Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 61. India Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 62. India Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 63. India Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 64. South Korea Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 65. South Korea Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 66. South Korea Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 67. Rest of Asia-Pacific Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 68. Rest of Asia-Pacific Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 69. Rest of Asia-Pacific Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 70. LAMEA Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 71. LAMEA Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 72. LAMEA Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 73. LAMEA Passwordless Authentication Market, by Country, 2021-2031 (Revenue, $Billion)
Table 74. Latin America Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 75. Latin America Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 76. Latin America Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 77. Middle East Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 78. Middle East Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 79. Middle East Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 80. Africa Passwordless Authentication Market, by Type, 2021-2031 (Revenue, $Billion)
Table 81. Africa Passwordless Authentication Market, by Authentication Type, 2021-2031 (Revenue, $Billion)
Table 82. Africa Passwordless Authentication Market, by Industry Vertical, 2021-2031 (Revenue, $Billion)
Table 83. Cognitec Systems GmbH: Key Executives
Table 84. Cognitec Systems GmbH: Company Snapshot
Table 85. Cognitec Systems GmbH: Product Segments
Table 86. Cognitec Systems GmbH: Product Portfolio
Table 87. Cognitec Systems GmbH: Key Strategies
Table 88. Fujitsu Limited: Key Executives
Table 89. Fujitsu Limited: Company Snapshot
Table 90. Fujitsu Limited: Service Segments
Table 91. Fujitsu Limited: Product Portfolio
Table 92. Fujitsu Limited: Key Strategies
Table 93. Google LLC (Alphabet): Key Executives
Table 94. Google LLC (Alphabet): Company Snapshot
Table 95. Google LLC (Alphabet): Service Segments
Table 96. Google LLC (Alphabet): Product Portfolio
Table 97. Google LLC (Alphabet): Key Strategies
Table 98. Hid Global Corporation: Key Executives
Table 99. Hid Global Corporation: Company Snapshot
Table 100. Hid Global Corporation: Service Segments
Table 101. Hid Global Corporation: Product Portfolio
Table 102. Hid Global Corporation: Key Strategies
Table 103. IBM Corporation: Key Executives
Table 104. IBM Corporation: Company Snapshot
Table 105. IBM Corporation: Service Segments
Table 106. IBM Corporation: Product Portfolio
Table 107. IBM Corporation: Key Strategies
Table 108. Microsoft Corporation: Key Executives
Table 109. Microsoft Corporation: Company Snapshot
Table 110. Microsoft Corporation: Service Segments
Table 111. Microsoft Corporation: Product Portfolio
Table 112. Microsoft Corporation: Key Strategies
Table 113. Nec Corporation: Key Executives
Table 114. Nec Corporation: Company Snapshot
Table 115. Nec Corporation: Service Segments
Table 116. Nec Corporation: Product Portfolio
Table 117. Nec Corporation: Key Strategies
Table 118. Okta: Key Executives
Table 119. Okta: Company Snapshot
Table 120. Okta: Product Segments
Table 121. Okta: Product Portfolio
Table 122. Okta: Key Strategies
Table 123. Secret Double Octopus (Sdo): Key Executives
Table 124. Secret Double Octopus (Sdo): Company Snapshot
Table 125. Secret Double Octopus (Sdo): Service Segments
Table 126. Secret Double Octopus (Sdo): Product Portfolio
Table 127. Secret Double Octopus (Sdo): Key Strategies
Table 128. Thales Group: Key Executives
Table 129. Thales Group: Company Snapshot
Table 130. Thales Group: Product Segments
Table 131. Thales Group: Product Portfolio
Table 132. Thales Group: Key Strategies

List of Figures
Figure 01. Passwordless Authentication Market, 2021-2031
Figure 02. Segmentation of Passwordless Authentication Market, 2021-2031
Figure 03. Top Investment Pockets in Passwordless Authentication Market (2022-2031)
Figure 04. High Bargaining Power of Suppliers
Figure 05. High Bargaining Power of Buyers
Figure 06. Moderate Threat of Substitutes
Figure 07. High Threat of New Entrants
Figure 08. High Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalpasswordless Authentication Market
Figure 10. Passwordless Authentication Market, by Type, 2021(%)
Figure 11. Comparative Share Analysis of Passwordless Authentication Market for Authentication Using Face Recognition, by Country 2021-2031(%)
Figure 12. Comparative Share Analysis of Passwordless Authentication Market for Challenge Response Authentication Mechanism, by Country 2021-2031(%)
Figure 13. Comparative Share Analysis of Passwordless Authentication Market for Fingerprint or Thumbprint Authentication, by Country 2021-2031(%)
Figure 14. Comparative Share Analysis of Passwordless Authentication Market for Others, by Country 2021-2031(%)
Figure 15. Passwordless Authentication Market, by Authentication Type, 2021(%)
Figure 16. Comparative Share Analysis of Passwordless Authentication Market for Single Factor, by Country 2021-2031(%)
Figure 17. Comparative Share Analysis of Passwordless Authentication Market for Multi Factor, by Country 2021-2031(%)
Figure 18. Passwordless Authentication Market, by Industry Vertical, 2021(%)
Figure 19. Comparative Share Analysis of Passwordless Authentication Market for Aerospace and Defence, by Country 2021-2031(%)
Figure 20. Comparative Share Analysis of Passwordless Authentication Market for Bfsi, by Country 2021-2031(%)
Figure 21. Comparative Share Analysis of Passwordless Authentication Market for Government and Law Enforcement, by Country 2021-2031(%)
Figure 22. Comparative Share Analysis of Passwordless Authentication Market for Healthcare, by Country 2021-2031(%)
Figure 23. Comparative Share Analysis of Passwordless Authentication Market for IT and Telecom, by Country 2021-2031(%)
Figure 24. Comparative Share Analysis of Passwordless Authentication Market for Retail, by Country 2021-2031(%)
Figure 25. Comparative Share Analysis of Passwordless Authentication Market for Transportation and Logistics, by Country 2021-2031(%)
Figure 26. Comparative Share Analysis of Passwordless Authentication Market for Others, by Country 2021-2031(%)
Figure 27. Passwordless Authentication Market by Region, 2021
Figure 28. U.S. Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 29. Canada Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 30. Germany Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 31. Italy Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 32. France Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 33. Spain Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 34. UK Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 35. Rest of Europe Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 36. China Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 37. Japan Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 38. India Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 39. South Korea Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 40. Rest of Asia-Pacific Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 41. Latin America Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 42. Middle East Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 43. Africa Passwordless Authentication Market, 2021-2031 ($Billion)
Figure 44. Top Winning Strategies, by Year
Figure 45. Top Winning Strategies, by Development
Figure 46. Top Winning Strategies, by Company
Figure 47. Product Mapping of Top 10 Players
Figure 48. Competitive Dashboard
Figure 49. Competitive Heatmap: Passwordless Authentication Market
Figure 50. Top Player Positioning, 2021
Figure 51. Fujitsu Limited: Net Revenue, 2019-2021 ($Million)
Figure 52. Google LLC (Alphabet): Net Revenue, 2019-2021 ($Million)
Figure 53. Google LLC (Alphabet): Research & Development Expenditure, 2019-2021
Figure 54. Google LLC (Alphabet): Revenue Share by Segment, 2021 (%)
Figure 55. Google LLC (Alphabet): Revenue Share by Region, 2021 (%)
Figure 56. IBM Corporation: Net Revenue, 2019-2021 ($Million)
Figure 57. IBM Corporation: Research & Development Expenditure, 2019-2021
Figure 58. IBM Corporation: Revenue Share by Region, 2021 (%)
Figure 59. IBM Corporation: Revenue Share by Segment, 2021 (%)
Figure 60. Microsoft Corporation: Net Revenue, 2018-2020 ($Million)
Figure 61. Microsoft Corporation: Research & Development Expenditure, 2018-2020
Figure 62. Microsoft Corporation: Revenue Share by Segment, 2021 (%)
Figure 63. Microsoft Corporation: Revenue Share by Region, 2021 (%)
Figure 64. Nec Corporation: Net Revenue, 2019-2021 ($Million)
Figure 65. Nec Corporation: Revenue Share by Segment, 2021 (%)
Figure 66. Nec Corporation: Revenue Share by Region, 2021 (%)
Figure 67. Okta: Net Revenue, 2019-2021 ($Million)
Figure 68. Thales Group: Research & Development Expenditure, 2019-2021
Figure 69. Thales Group: Net Sales, 2019-2021 ($Million)
Figure 70. Thales Group: Revenue Share by Segment, 2021 (%)
Figure 71. Thales Group: Revenue Share by Region, 2021 (%)

Executive Summary

According to the report titled, 'Passwordless Authentication Market,' the passwordless authentication market was valued at $12.80 billion in 2021 and is estimated to reach $40.2 billion by 2031, growing at a CAGR of 12.2% from 2022 to 2031.

Passwordless authentication is a type of verification system that allows a user to access a computer system without having to enter (or remember) a password or any other kind of secret knowledge. Users are typically required to provide a public identifier (such as their username, phone number, or email address) before completing the authentication process by supplying a secure form of identification, such as a registered device or token.

Key factors driving the growth of the passwordless authentication market include an increase in penetration of consumer electronic devices, growing advancement in technologies such as the internet of things (IoT) and artificial intelligence, and rising awareness of the application of passwordless authentication in the banking sector. In addition, modern technology, including the internet of things (IoT) and artificial intelligence in gadgets like smartphones and tablets, among other things, is fueling the development of passwordless authentication systems. The need for passwordless authentication systems is increasing as more businesses implement smart card and fingerprint authentication at their offices.

Furthermore, banking institutions are implementing passwordless authentication systems since it is a particularly weak point, particularly as cloud services spread and the possibility of using stolen or weak passwords increases. The usage of passwordless authentication in the financial sector is therefore expanding quickly. Businesses use facial recognition, speech analysis, and iris recognition to validate and authenticate their workers. Passwordless authentication is, therefore, being widely adopted by businesses and financial institutions, which is fueling the market's expansion.

The market also offers growth opportunities to the key players in the market. The demand for the passwordless authentication market is increasing due to increasing awareness regarding passwordless authentication among end users. The growth of passwordless authentication is further accelerated by the ongoing pandemic. During the COVID-19 outbreak, the end-user industries were adopting passwordless authentication tools further boosting the market growth. Furthermore, passwordless authentication acts as a protection against password lists and phishing as passwordless authentication requires the user to reveal both public and private keys, which are very difficult for hackers to gain access to. In addition, it also a secure and seamless user experience. Passwordless authentication allows employees and customers to access services without the need to memorize long, complex passwords.

For instance, in December 2022, Bitwarden let its users store their login credentials, bank card details, secure notes, and other files and folders in its secure web vault. It is also possible to access the vault using any browser from anywhere, normally using an email ID associated with Bitwarden and a master password. It also introduced a new passwordless login system, where it is possible to authenticate web vault sign-in requests through the mobile app. Such instances have helped the growth of the passwordless authentication market.

The passwordless authentication market is segmented into type, authentication type, and industry vertical. On the basis of type, the market is categorized into authentication using face recognition (Selfie Authentication), challenge-response authentication mechanism (CRAM), and fingerprint/thumbprint authentication. On the basis of authentication type, it is categorized into single-factor and multi-factor. On the basis of industry vertical, it is bifurcated into aerospace & defense, government, BFSI, government & law enforcement, healthcare, IT & Telecom, retail, transportation & logistics, and others (food & beverages, manufacturing, gaming, and education). Region-wise, it is analyzed across North America (the U.S., Canada), Europe (Germany, France, Italy, Spain, UK, and the rest of Europe), Asia-Pacific (China, India, Japan, and the rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the study include Google LLC, Microsoft Corporation, IBM Corporation, NEC Corporation, Thales Group, Okta, Fujitsu Limited, Cognitec Systems GmbH, HID Global Corporation, and Secret Double Octopus (SDO). The players in the market have been actively engaged in the adoption of various Strategies such as acquisition, product launch, and expansion to remain competitive and gain an advantage over the competitors in the market. For instance, in February 2022, The Microsoft Authenticator app introduced another method of passwordless authentication that uses either biometrics or a PIN, similar to Windows Hello for Business. This option requires users to have the Microsoft Authenticator app installed on their Android or IOS device. When the user reaches the login screen and enters their username a push notification will be sent to their phone, opening the Microsoft Authenticator app. They then enter either a PIN or use their phone’s native biometric features. This method worked particularly well for businesses that already use the app for multi-factor authentication.

Key Market Insights

By authentication type, the single-factor segment was the highest revenue contributor to the market, and is to reach $30 billion by 2031. However, the single-factor segment is estimated to be the fastest-growing segment with a CAGR of 8% during the forecast period.

By Industry Vertical, the government & law enforcement segment dominated the global market and is estimated to reach $7.5 billion by 2031. However, the transportation & logistics segment is expected to be the fastest-growing segment during the passwordless authentication market forecast.

Based on region, North America was the highest revenue contributor, accounting for $6 billion in 2021, and is estimated to reach $20 billion by 2031.

The ethanol vehicle market is likely to experience a growth rate of 9.1% from 2022-2031 owing to depleting natural sources of gasoline along with rising vehicle emission norms.

Ethanol vehicles are fitted with reformed components designed specifically to be in sync with ethanol’s chemical properties. These alterations ensure seamless operation and a long advantageous life across a wide range of ethanol blends. Informally, these vehicles are referred to as flexible-fuel vehicles or FFVs. Although a flex-fuel engine can be designed to run on pure ethanol, FFVs in the U.S. are optimized to run on E85, a gasoline-ethanol blend with 51 to 83% ethanol, according to the U.S. Department of Energy. Even though ethanol delivers slightly less gas mileage, its eco-friendly benefits make it a viable option for drivers. Currently, modern flex-fuel vehicle engines can burn any percentage of the resulting mixture of gasoline with ethanol in the combustion chamber along with spontaneous adjustments in the fuel injection system by an added fuel mixture composition sensor.

The key factors driving the growth of the ethanol vehicle market include depleting natural sources of gasoline along with rising vehicle emission norms and rising automotive performance on higher ethanol blends, which creates lucrative opportunities for the growth of the market across the globe. Moreover, factors such as less CO2 emission from vehicles and integration of sustainable automotive technologies also propel the market across the globe. Moreover, factors such as rising awareness about lesser fuel consumption to reduce the carbon footprint and rapidly growing economy have provided a boost to ethanol vehicle sales globally.

The market also offers growth factors to the key players operating in the market owing to the exciting advancements in the trucking industry. For instance, in April 2022, ClearFlame Engine Technologies demonstrated a heavy-duty truck running on 98% ethanol. The new technology is introduced in Class 8 diesel trucks, running on a Cummins X15 500hp 15L heavy-duty engine, commonly used for long-haul trucks and off-highway applications, and converting it to run on renewable E98 ethanol. Furthermore, numerous developments and investments carried out by car manufacturers such as Ford and General Motors supplement the growth of the market.

The ethanol vehicle market is segmented on the basis of type, fuel type, blend type, drive type, and region. By type, the market is divided into trucks, cars, and others. By fuel type, it is fragmented into gasoline and diesel. By blend type, it is categorized into E10 to E25, E25 to E85, and above E85. By drive type, it is categorized into front wheel drive (FWD), rear wheel drive (RWD), and all-wheel drive (AWD). By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, and Rest of LAMEA).

The key players profiled in the study include AB Volvo, BMW AG, Daimler AG, Deere & Company, Ford Motor Company, General Motors Company, Honda Motor Co., Ltd., Mitsubishi Motors Corporation, Nissan Motor Corporation, Scania, Toyota Motor Corporation, and Volkswagen AG. The players in the market have been actively engaged in the adoption of various Strategies such as have adopted partnerships, investments, and product launches to remain competitive and gain advantage over the competitors in the market. For instance, Scania has introduced its 410 hp ethanol Euro 6 compliant engine truck based on AWD drivetrain with alternative power & fuel consumption which is equal to its diesel counterpart for long-distance applications. The foundation was built by Scania’s 13-litre inline-six engines. It uses compression ignition similar to conventional diesel engines, which limits the need for hardware modifications.

Key Market Insights

By type, the cars segment was the highest revenue contributor to the market, and is estimated to reach $1,049,249.6 million by 2031, with a CAGR of 8.7%. However, the others segment is estimated to be the fastest growing segment with a CAGR of 11.1% during the forecast period.

By fuel type, the gasoline segment was the highest revenue contributor to the market, and is estimated to reach $1,107,739.4 million by 2031 as well as it is the fastest growing segment with a CAGR of 11.2% during the forecast period.

By blend type, the E25 to E85 segment was the highest revenue contributor to the market, and is estimated to reach $719,481.7 million by 2031, with a CAGR of 8.5%. However, the E10 to E25 segment is estimated to be the fastest growing segment with a CAGR of 10.5% during the forecast period.

By drive type, the front wheel drive (FWD) segment was the highest revenue contributor to the market, and is estimated to reach $706,516.6 million by 2031, with a CAGR of 8.5%. However, the rear wheel drive (RWD) segment is estimated to be the fastest growing segment with a CAGR of 10.8% during the forecast period.

The Electric Van Market is expected to experience a significant growth rate of 28.9% from 2022 to 2031 owing to increase in demand for emission-free & high-performance electric vans globally.

Electric vans run on electricity and utilize an electric motor instead of an internal combustion engine. The electricity is provided by the batteries installed in the electric van. A traction battery pack powers the electric motor and vans are recharged by plugging into a charging station or wall outlet. In addition, electric van is generally used for commercial purposes such as cargo transportation, package delivery, last mile deliveries, and others. Moreover, electric vans have several advantages such as environment friendly, lower running costs, low maintenance costs, and others.

The growth of the global electric van market is driven by increase in government initiatives for the promotion of e-mobility, reduction in cost of electric vehicle batteries, and increase in demand for emission-free & high-performance electric vans. However, lack of charging infrastructure, and limited range of electric vans are the factors hampering the growth of the market. Furthermore, technological advancements is the factor expected to offer growth opportunities during the forecast period.

The electric van market is segmented into range, battery capacity, propulsion, application, and region. By range, it is fragmented into up to 100 miles, 100 to 200 miles, and above 200 miles. By battery capacity, it is categorized into up to 50 kWh, and above 50 kWh. By propulsion, it is fragmented into battery electric van, and plug-in hybrid electric van. By application, it is classified into personal and commercial. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

North America includes the U.S., Canada, and Mexico across which the electric van market has been studied. Large number of companies are headquartered in this region, thus making North America a lucrative market for electric van. Increase in adoption of electric mobility across various countries in North America is expected to propel the growth of the electric van market. In addition, numerous electric van manufacturing companies are receiving orders to develop & deliver new electric vans for use in last-mile delivery fleets, boosts the growth of the market across North America. For instance, in September 2022, Shyft Group secured its first 2,000-unit pre-order for its new line of electric Class 3, 4 and 5 walk-in delivery vans, under its new Blue Arc sub-brand from Randy Marion Automotive Group. The new electric delivery vans feature 150 miles of range and are intended for last mile delivery fleets.

Widespread adoption of light-duty electric vehicles, increase in consumers & government spending, and public charging availability are some of the aspects primarily fueling growth of the electric van market in the U.S. In addition, electric van manufacturers have received numerous contracts from the retailer companies to deliver new electric vans, which contribute in the growth of the market in the U.S. region. For instance, in July 2022, Walmart Inc. signed an agreement with Canoo, an American startup, under which Canoo will deliver 4,500 all-electric delivery vans to Walmart. The agreement enables Walmart to purchase the new Canoo Lifestyle Delivery vehicle (LDV) with the option to purchase up to 10,000 units.

Some leading companies profiled in the report include BYD Company Ltd, Ford Motor Company, General Motors Company, Mercedes-Benz Group AG, Nissan Motor Co., Ltd., Renault S.A., Stellantis NV, Toyota Motor Corporation, Volkswagen AG, and Workhorse Group Inc. The key players operating in the electric van market are adopting various Strategies such as product launch, and joint venture to remain competitive and gain advantage over the competitors in the market. For instance, in May 2022, Ford Motor company launched all-new electric van namely, E-Transit Custom” in Europe. It has a 236 miles (400 km) range and is capable of full towing capability & fast charging. In addition, it will be used for commercial purposes across Europe. In addition, in August 2021, Citroen launched its new electric van namely, Citroen e-Relay” in the UK. The new electric van is available in Panel Van, Window Van or Chassis Cab configurations. In addition, it has two lithium-ion battery packs option such as 37-kWh battery and 70-kWh battery. The 37-kWh battery option provides a range of 73 miles, while 70 kWh battery option provides a range of 139 miles.

Key Market Insights

By range, the 100 to 200 miles segment was the highest revenue contributor to the market and is estimated to dominate the market during the forecast period.

By battery capacity, the above 50 kWh segment was the highest revenue contributor to the market in 2021 and is estimated to capture the highest revenue during the forecast period.

By propulsion, the battery electric van segment dominated the global market in 2021, and is estimated to capture the highest market share during the forecast period.

By application, the commercial segment was the highest revenue contributor to the market in 2021 and is estimated to capture the highest revenue during the forecast period.

By region, Asia-Pacific was the highest revenue contributor, accounting for largest market share in 2021, and is estimated to grow with a significant CAGR during the forecast period.

Companies Mentioned

  • Cognitec Systems GmbH
  • Fujitsu Limited
  • Google LLC (Alphabet)
  • HID Global Corporation
  • IBM Corporation
  • Microsoft Corporation
  • NEC CORPORATION
  • Okta
  • Thales Group
  • Secret Double Octopus (SDO)

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information