The Passwordless Authentication Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Passwordless Authentication Market?
The Passwordless Authentication market has seen significant expansion recently, escalating from $20.07 billion in 2024 to a predicted $23.64 billion in 2025. This growth represents a Compound Annual Growth Rate (CAGR) of 17.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Passwordless Authentication Industry?
The market size for passwordless authentication is predicted to reach $45.01 billion in 2029, with a compound annual growth rate (CAGR) of 17.5% projected.
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What are the Key Growth Drivers Fueling the Passwordless Authentication Market?
The drivers in the passwordless authentication market are:
• Increased cybersecurity threats and data breaches
• Rising proliferation of mobile devices
• Regulatory compliance requirements
• Increased acceptance of cloud computing and password management best practices.
Global Market Segmentation: Identifying Major Passwordless Authentication Industry Segments
The passwordless authentication market covered in this report is segmented –
1) By Type: Fingerprint Authentication, Palm Recognition, Iris Recognition, Face Recognition, Voice Recognition, Smart Card
2) By Component: Hardware, Software, Services
3) By Authentication Type: Single-factor Authentication, Multi-factor Authentication
4) By Portability: Fixed, Mobile
5) By End-user: IT And Telecom, Retail, Transportation And Logistics, Aerospace And Defense, BFSI, Healthcare, Government
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What are the emerging Trends Shaping the Future of the Passwordless Authentication Market?
The trends in the passwordless authentication market are:
• There's a rising trend in the incorporation of multi-factor authentication (MFA) solutions.
• Behavioral biometrics is emerging as a significant trend.
• Continuous authentication technologies are increasingly becoming prevalent.
• There is a growing trend towards creating innovative solutions in this market.
Who Are the Top Competitors & Leading Players in the Passwordless Authentication Market?
The major players in the passwordless authentication market are:
• Microsoft Corporation
• International Business Machines Corporation (IBM)
• Fujitsu Limited
• NEC Corporation
• Thales Group
• Okta Inc
Regional Dominance: Which Area Leads the Global Comprehensive Passwordless Authentication Market Overview 2025: Trends, Size & Growth Insights Market?
North America was the largest region in the passwordless authentication market in 2024
