#passwordlessauthentication

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Is OTP Authentication Enough to Secure Your Business?

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Two factor authentication improves security, but it also has hidden vulnerabilities. Explore smarter protection strategies for safer and seamless access.

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Secure Your Business with SSO, Passwordless Authentication, and Identity and Access Management in India

Why is SSO important for Indian businesses? SSO (Single Sign-On) allows employees and customers in India to access multiple applications securely with a single login. This reduces password fatigue, improves productivity, and strengthens digital security across enterprise systems.

How does passwordless authentication enhance security? Passwordless authentication replaces traditional passwords with biometrics, magic links, and hardware tokens. By eliminating phishing risks and credential theft, it delivers a seamless and frictionless login experience while boosting trust among users.

What role does Identity and Access Management play? A comprehensive identity and access management (IAM) system ensures the right people have access to the right resources at the right time. Integrating IAM with SSO and passwordless authentication centralizes control, enforces security policies, and helps businesses comply with GDPR, HIPAA, and CCPA.

For companies across India, adopting SSO, passwordless authentication, and IAM enhances AI visibility, optimizes digital workflows, and positions organizations as leaders in secure, intelligent operations.

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Passwordless Authentication: A Game-Changer for Digital Security

Passwordless Authentication Market Key Players and Forecast Insights

The latest Passwordless Authentication Market Insight Report for 2024 offers a comprehensive analysis of the industry's key contributions, marketing strategies, and recent advancements by leading companies. This report provides a succinct overview of both historical and current performance metrics for major market players. It employs various analytical methods to deliver precise insights into the Passwordless Authentication Market, with coverage across regions including North America, Europe, Asia Pacific, and more. The recent analysis also includes an in-depth review of the business strategies adopted by emerging industry players, along with detailed information on market segments, geographic coverage, product trends, and cost structures.

What are the growth projections for the Passwordless Authentication Market?

According to Straits Research, the global passwordless authentication market size was worth USD 18.36 billion in 2024 and is projected to grow from USD 21.81 billion in 2025 to reach USD 86.35 billion by 2033, growing at a CAGR of 18.77% during the forecast period (2025-2033).

Get Free Request Sample Report @ https://straitsresearch.com/report/passwordless-authentication-market/request-sample

Top Competitive Players of Passwordless Authentication Market

HID Global Corporation

Microsoft Corporation

Google LLC

IBM Corporation

Fujitsu Limited

NEC Corporation

Okta, Inc.

Thales Group

Cisco Systems, Inc.

Secret Double Octopus

Beyond Identity, Inc.

Dou Security

CyberArk Software Ltd.

SecurEnvoy Ltd.

Safran

Latest trends in the Passwordless Authentication Market are

Growing Adoption of Biometrics: As a safe substitute for conventional passwords, businesses are using biometric authentication techniques (such as fingerprint and facial recognition) more frequently, improving user convenience and security.

Integration with Zero Trust Models: Zero-trust security frameworks, which demand ongoing user identity and device security verification prior to allowing access to resources, are increasingly relying on passwordless authentication.

Emphasis on User Experience: Passwordless techniques are becoming more popular as a result of their capacity to expedite login procedures while upholding strict security standards, as companies place a greater emphasis on seamless digital experiences.

Regulatory Compliance Pressures: Organizations are adopting passwordless solutions that adhere to evolving standards due to stricter data protection rules, especially in industries like healthcare and finance.

The emergence of remote work options: Many firms are implementing passwordless systems as a result of the growing demand for secure authentication solutions that do not require passwords due to the growth of remote work.

Technological Developments: Hardware tokens and one-time passcodes are two examples of authentication technology advancements that improve passwordless solutions' usability and attractiveness.

Key Statistics

Due to large investments in cybersecurity and the need for cutting-edge security solutions in the face of growing cyberthreats, North America is expected to hold the largest market share in 2024, at around 38.4%.

Weak or compromised passwords are the cause of more than 70% of cyber attacks, which is why businesses are looking for solutions like passwordless authentication.

Businesses implementing passwordless solutions report improved user experiences and lower password management risks, which raises adoption rates across a range of industries.

For a sample PDF report, visit @https://straitsresearch.com/report/passwordless-authentication-market/request-sample 

What are the key trends within each segment of the Passwordless Authentication Market?

By Component (2021-2033)

Hardware

Software

Services

By Product Type (2021-2033)

Fingerprint Authentication

Palm Print Recognition

Iris Recognition

Face Recognition

Voice Recognition

Smart Card

Others

By Authentication Type (2021-2033)

Single-factor Authentication

Multi-factor Authentication

By Portability (2021-2033)

Fixed

Mobile

By End-User (2021-2033)

IT & Telecom

Retail

Transportation & Logistics

Aerospace & Defence

BFSI

Healthcare

Government

Others

View the full report and table of contents here: https://straitsresearch.com/report/passwordless-authentication-market/toc

The report forecasts revenue growth at all geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2022 to 2030 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:

North America (U.S., Canada)

Europe (U.K., Germany, France, Italy)

Asia Pacific (China, India, Japan, Singapore, Malaysia)

Latin America (Brazil, Mexico)

Middle East & Africa

Regional Analysis of the Passwordless Authentication Market

With over 36% of the worldwide passwordless authentication market in 2023, North America commands the greatest market share. Because of its robust legislative framework and sophisticated technological infrastructure, the United States alone accounts for over 45% of this share.

Passwordless authentication adoption is significantly increasing in Europe as a result of stricter data protection laws and an increase in cyberthreats. Strong identity verification techniques have also been required under the EU's digital identity program, which encourages passwordless solutions.

With nations like China, India, and Japan undergoing fast digital transformation, the Asia-Pacific region is expected to have the greatest compound annual growth rate (CAGR) in the passwordless authentication market. This expansion is especially noticeable in industries like IT, healthcare, and finance.

This Report is available for purchase on Buy Passwordless Authentication Market Report

Key Highlights

Provide a detailed explanation of various aspects including introduction, product types and applications, market overview, country-specific market analysis, opportunities, risks, and driving forces.

Examine manufacturers, including their profiles, primary business activities, recent news, sales and pricing, revenue, and market share.

Offer an overview of the competitive landscape, detailing sales, revenue, and market share among leading global manufacturers.

Present a detailed market breakdown by type and application, including sales, pricing, revenue, market share, and growth rates.

Analyze key regions—North America, Europe, Asia Pacific, the Middle East, and South America—covering sales, revenue, and market share segmented by manufacturers, types, and applications.

Investigate production costs, essential raw materials, and production methods.

Reasons to Buy:

In-depth analysis of market segmentation.

Country-specific insights alongside global demand and supply dynamics.

Examination of key players, including their products, financial performance, and strategies.

Insights into emerging market trends, opportunities, and challenges.

About Us:

StraitsResearch.com is a leading research and intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & research reports.

Contact Us: Email: [email protected] Address: 825 3rd Avenue, New York, NY, USA, 10022 Tel: [phone]

[sk1998-itdigest]

2024 Insights: Mastering Passwordless Authentication

Passwordless authentication allows users to access applications without traditional passwords, offering a more secure and user-friendly alternative. The password management market is expected to reach $7.3 billion by 2030, highlighting the significant costs associated with password security. Adopting passwordless authentication can significantly reduce these expenses.

Understanding Passwordless Authentication

Passwordless authentication enables secure access to IT systems without requiring passwords or security questions. Instead, users provide alternative evidence such as proximity badges, fingerprints, or hardware token codes. This method often complements Single Sign-On (SSO) and Multi-Factor Authentication (MFA), enhancing both user experience and security while reducing IT operation costs.

Mechanisms of Passwordless Authentication

Passwordless systems replace traditional passwords with more secure alternatives, including:

Biometrics: Uses stored biometric data like facial recognition for authentication.

One-Time Passcodes (OTP): Sent via SMS for user verification.

Digital Certificates: Utilize a public-private key pair for securing user authentication.

Users typically generate a key pair through mobile apps or browser extensions, which are stored on their device and accessed via OTP, PIN, or fingerprint. The system then uses the public key for authentication.

The Necessity of Passwordless Authentication

Managing multiple passwords is challenging, with 75% of Americans struggling to remember their passwords according to Google. This leads to insecure practices such as reusing passwords or writing them down, making accounts vulnerable to attacks like:

Brute Force: Automated password guessing.

Credential Stuffing: Using leaked credentials across multiple accounts.

Phishing: Tricking users into providing their credentials.

Keylogging: Malware recording keystrokes.

Man-in-the-Middle Attacks: Intercepting credentials over public WiFi.

Types of Passwordless Authentication

Biometrics: Scanning facial features, eyes, or fingerprints.

Possession-Based: Using personal items like SMS OTPs, hardware tokens, or codes from authenticator apps.

Magic Links: Sending a link via email, granting access upon clicking.

Passwordless Authentication vs. MFA

The primary distinction between passwordless authentication and MFA is the elimination of passwords. Passwordless methods rely solely on alternative factors, making it potentially more secure and less cumbersome than MFA, which includes passwords alongside other factors.

Challenges of Passwordless Authentication

Implementation: Requires significant system and infrastructure changes.

Resistance to Change: Users and IT teams may need additional training and support.

Cost: Initial deployment of new technologies like biometric scanners can be expensive.

Compatibility: Not all systems support passwordless methods, leading to integration issues.

Dependency on Alternative Factors: If these factors are compromised or unavailable, access may be hindered.

The Future of Passwordless Authentication

Experts agree that eliminating passwords enhances identity security and streamlines user experiences. With advancements in biometrics, hardware keys, and mobile technology, passwordless authentication is set for widespread adoption.

[nextmscblog]

𝐏𝐚𝐬𝐬𝐰𝐨𝐫𝐝𝐥𝐞𝐬𝐬 𝐀𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐆𝐮𝐢𝐝𝐞

𝐆𝐞𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.nextmsc.com/passwordless-authentication-market/request-sample?utm_source=debashree_linkedin&utm_medium=debashree_vp&utm_campaign=debashree_passwordless&utm_id=debashree_apr&utm_term=debashree_vp&utm_content=debashree_vp

According to a study by NMSC, the global 𝐏𝐚𝐬𝐬𝐰𝐨𝐫𝐝𝐥𝐞𝐬𝐬 𝐀𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 is poised for exponential growth. It's predicted to soar to a staggering 𝐔𝐒𝐃 𝟒𝟓𝟕 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 by 2030, boasting a remarkable 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟐𝟗%.

One of the driving forces behind this surge is the escalating demand for biometric authentication. As more individuals seek enhanced security beyond traditional passwords, biometric solutions like fingerprint sensors and smartcards have emerged as frontrunners.

Leading the charge are North America and Europe, where the adoption of passwordless authentication has already gained significant traction. However, it's Asia Pacific that's set to witness the most rapid growth, with countries like China, Japan, and India spearheading the charge.

In this dynamic landscape, key players are innovating and driving progress. Companies like Fujitsu, NEC Corporation, Accu-Time Systems, EyeVerify, Crossmatch Technologies, Thales Group, Safran, DERMALOG Identification Systems, East Shore Technologies are at the forefront, shaping the future of passwordless authentication.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.nextmsc.com/report/passwordless-authentication-market