Pune, 24, April, 2023: The report published by Maximize Market Research, on the Passwordless Authentication Market, covers an extensive regional analysis, market segments, dynamics and competitive landscape. Over the forecast period, Maximize Market Research expects, the market to grow from USD 6.5 Bn in 2022 to USD 23 Bn in 2029 at a CAGR of 26.3 percent.
Passwordless Authentication Market Report Scope and Research Methodology
The report majorly focuses on the Passwordless Authentication market dynamics including drivers, restraints, challenges and opportunities. This information on the market dynamics is provided region-wise and segment-wise in the Passwordless Authentication market report, which makes it an investor’s guide. Data was collected for the report by using primary and secondary research methods, which were combined to make the Passwordless Authentication market report error-free and authentic. After determining the total market size, the market was divided into various segments and sub-segments and the segments were verified through primary research by conducting in-depth interviews with the individuals holding influential positions in the Passwordless Authentication industry. The bottom-up approach was used to estimate the regional and global Passwordless Authentication market size. By using Secondary research, major Passwordless Authentication key players in the industry were identified and their revenues were determined through primary and secondary research. The secondary research includes data collection from official databases of various organizations and government sites, industry journals, white papers, annual reports and suppliers in the Passwordless Authentication industry along with paid and free databases, while primary research includes in-depth interviews with opinion leaders and industry experts.
Passwordless Authentication Market Dynamics
The increasing demand for enhanced user experience in the banking sector is expected to increase the demand for the passwordless authentication market. The market is growing due to the increase in demand for cybersecurity and the adoption of new authentication methods to improve customer experience.
The market growth is expected to be restrained by the increasing cost of deployment by a detailed step-by-step plan including training staff and implementation of new software and hardware. The increase in cyber-based attacks is the restraining factor for market growth.
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Passwordless Authentication Market Regional Insights
During the forecast period, the North America region is expected to dominate the global Passwordless Authentication Market. This is mainly due to the increasing incidents of password thefts, increasing investments in the countries and credential compromises.
The Passwordless authentication market in the Asia Pacific region is expected to grow at a high rate during the forecast period. The regional market is growing due to the high adoption of mobile devices and the increasing demand for secure authentication methods.
Passwordless Authentication Market Segmentation
By Component
By Type
By Authentication Type
By End-User
By Portability
Passwordless Authentication Key Competitors include:
Table of Content for Passwordless Authentication Market
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Key questions answered in the Passwordless Authentication Market are:
Key Offerings:
Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:
Risk-based Authentication Market – The market size is expected to reach USD 7.80 billion by 2029 at a CAGR of 15 percent during the forecast period. The market is expected to be driven by the growing telecommunications and technology industries.
Security Assertion Markup Language Authentication Market – The market size is expected to reach USD 6.21 million by 2029 at a CAGR of 14.9 percent during the forecast period. The market is expected to be driven by the increasing popularity of BYOD.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, Portability and communication, cars and automobiles, chemical Authentication Types and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, Authentication Typeion and demand analysis, and client impact studies.
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