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Passwordless Authentication Market to Witness Major Growth by 2029 | Fujitsu, EyeVerify, Thales

Passwordless Authentication Market

HTF MI introduces new research on Passwordless Authentication covering the micro level of analysis by competitors and key business segments (2023-2029). The Passwordless Authentication explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled in the study are Fujitsu Ltd. (Japan), NEC Corporation (Japan), Accu-Time Systems Inc. (United States), EyeVerify, Inc. (United States), Crossmatch Technologies (United States), M2SYS Technology (United States), Thales Group (France), Safran (France), Dermalog Identification Systems GmbH (Germany), East Shore Technologies, Inc. (United States).

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On the off chance that you are engaged with the industry or expect to be, at that point this investigation will give you a complete perspective. It’s crucial you stay up with the latest sectioned by Applications [Healthcare, Telecommunication, BFSI, Media & Entertainment, Travel & Hospitality, Aerospace & Defense, Transportation & Logistics, Others], Product Types [Fingerprint Authentication, Palm Recognition, Iris Recognition, Face Recognition, Voice Recognition, Others] and some significant parts of the business.

Definition:
Passwordless authentication refers to a method of verifying a user’s identity without requiring the traditional use of passwords. It aims to enhance security, simplify the user experience, and reduce the vulnerabilities associated with password-based authentication systems. Biometric authentication utilizes unique physical or behavioural traits of an individual, such as fingerprints, facial recognition, voice recognition, or iris scanning, to verify their identity. Token-based authentication involves the use of physical or digital tokens, such as smart cards, USB tokens, or mobile applications, to generate one-time passwords (OTP) or cryptographic keys for authentication. PKI relies on digital certificates and cryptographic keys to authenticate users and secure communication. It eliminates the need for passwords by utilizing secure key management and cryptographic algorithms.

Market Trends:

  • Biometric authentication methods, such as fingerprint scanning, facial recognition, and voice recognition, are witnessing significant adoption in passwordless authentication.
  • The advancements in biometric technology and the proliferation of biometric sensors in smartphones have contributed to this trend.
  • Mobile devices are becoming a popular platform for passwordless authentication. Mobile-based authentication methods leverage the capabilities of smartphones, such as biometrics and secure elements, to provide convenient and secure authentication experiences.

Market Drivers:

  • The prevalence of data breaches, password theft, and phishing attacks has highlighted the weaknesses of traditional password-based authentication.
  • Organizations are actively seeking more robust and secure authentication methods, driving the adoption of passwordless authentication solutions.
  • Regulatory frameworks, such as the EU’s General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA), emphasize the importance of data security and privacy.
  • Passwordless authentication can help organizations meet compliance requirements and protect sensitive user information.

Market Opportunities:

 

  • Passwordless authentication offers significant opportunities in enterprise environments, where secure access to corporate systems and data is crucial.
  • Organizations are increasingly adopting passwordless authentication to improve security and user productivity.
  • The e-commerce sector can benefit from passwordless authentication by providing a convenient and secure authentication process for online shoppers.
  • Passwordless authentication can help reduce cart abandonment and enhance the user experience in digital payment transactions.

Which market aspects are illuminated in the report?

Executive Summary: It covers a summary of the most vital studies, the Passwordless Authentication market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, and the scope of the products offered in the Passwordless Authentication market, the years measured, and the study points.

Company Profile: Each Firm well-defined in this segment is screened based on a product’s, value, SWOT analysis, ability, and other significant features.

Manufacture by region: This Passwordless Authentication report offers data on imports and exports, sales, production, and key companies in all studied regional markets

Highlighted of Passwordless Authentication Market Segments and Sub-Segment:

Passwordless Authentication Market by Key Players: Fujitsu Ltd. (Japan), NEC Corporation (Japan), Accu-Time Systems Inc. (United States), EyeVerify, Inc. (United States), Crossmatch Technologies (United States), M2SYS Technology (United States), Thales Group (France), Safran (France), Dermalog Identification Systems GmbH (Germany), East Shore Technologies, Inc. (United States)

Passwordless Authentication Market by Types: Fingerprint Authentication, Palm Recognition, Iris Recognition, Face Recognition, Voice Recognition, Others

Passwordless Authentication Market by End-User/Application: Healthcare, Telecommunication, BFSI, Media & Entertainment, Travel & Hospitality, Aerospace & Defense, Transportation & Logistics, Others

Passwordless Authentication Market by Geographical Analysis:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

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The study is a source of reliable data on Market segments and sub-segments, Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological innovations Value chain, and investor analysis.

Interpretative Tools in the Market: The report integrates the entirely examined and evaluated information of the prominent players and their position in the market by methods for various descriptive tools. The methodical tools including SWOT analysis, Porter’s five forces analysis, and investment return examination were used while breaking down the development of the key players performing in the market.

Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.

Key Points in the Market: The key features of this Passwordless Authentication market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.

Research Objectives:
• Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
• To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
• To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
• To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
• To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)

  • Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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    Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Australia or Southeast Asia.

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, MINT, BRICS, G7, Western / Eastern Europe, or Southeast Asia. Also, we can serve you with customized research services as HTF MI holds a database repository that includes public organizations and Millions of Privately held companies with expertise across various Industry domains.

About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.


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