Passwordless Authentication Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Passwordless Authentication Market is segmented By Type (Fingerprint Authentication, Face Recognition, Challenge-Response Mechanism, Others), By Authentication Type (One Time Password (OTP), Biometric Authentication, Token-based Authentication, Smart Card-based Authentication, Others), By Deployment Mode(Cloud, On-premise), By End-use Industry (BFSI (Banking, Financial Services, and Insurance), Retail & E-commerce, Healthcare, IT & Telecom, Government, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned segments.

Passwordless Authentication Market is segmented By Type (Fingerprint Authentication, Face Recognition, Challenge-Response Mechanism, Others), By Authe....

Passwordless Authentication Market Size

Market Size in USD Bn

CAGR15.45%

Study Period	2024 - 2031
CAGR	15.45%
Market Concentration	High
Major Players	Microsoft Corporation, Google LLC (Alphabet), IBM Corporation, Thales Group, HID Global Corporation and Among Others

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Passwordless Authentication Market Analysis

The passwordless authentication market is estimated to be valued at USD 19.14 Bn in 2024 and is expected to reach USD 52.33 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 15.45% from 2024 to 2031. The passwordless authentication market is driven by the increasing instances of high-profile security breaches and growing regulatory pressure on organizations to secure access.

Passwordless Authentication Market Report Snapshots

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