The Asia Pacific Passwordless Authentication Market would witness market growth of 18.9% CAGR during the forecast period (2022-2028).
In order to get fresh passwords delivered to the device or smartphone, hackers can go straight to a user's network operator, like an internet or telephone provider, and mislead a representative. In passwordless authentication systems, passwords are completely deleted, offering protection against the two most dangerous types of cyberattacks, brute force attacks and phishing. Furthermore, even if employees receive phishing texts or emails, there are no passwords they need to provide when using this authentication system.
Nowadays, the core element of passwordless authentication is multifactor authentication (MFA). Businesses may get crucial industry encryption with passwordless MFA that is compatible with a variety of tools and services and still offers a simple, comfortable authentication process. MFA is currently the most effective authentication technique that can reduce the likelihood of a security breach in an organization. Since remote working has become the new standard for working, IT teams need a variety of MFA solutions to meet user and business requirements. This is significant as it is crucial for security experts to balance security postures while providing a simple user experience.
By adding more authentication mechanisms along with a password, traditional MFA is supposed to increase security. After the individual enters their first password, MFA requests more documentation by employing additional identity-verification factors. However, the second factor in traditional MFA might not be more secure than a password. This is because SMS, mobile push verification, and out-of-band (OOB) verification are also prone to attack. In conclusion, traditional MFA doesn't eliminate the password, which is the least secure part of the login process.
India has launched initiatives like Digital India, e-governance, and smart cities, all of which call for a significant role in authentication technology. For its mobile applications, the State Bank of India intends to introduce a multi-mode biometric authentication system. It includes face recognition and fingerprint recognition software. It is anticipated that other banks will follow suit, increasing demand for the various passwordless authentication system in the region. Hence, the overall efforts made in this region to implement biometrics will propel the growth of the passwordless authentication market.
The China market dominated the Asia Pacific Passwordless Authentication Market by Country in 2021; thereby, achieving a market value of $2,999.8 million by 2028. The Japan market is registering a CAGR of 18.1% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 19.6% during (2022 - 2028).
Based on Product Type, the market is segmented into Fingerprint Authentication, Palm Recognition, Iris Recognition, Face Recognition, Voice Recognition, Smart Card, and Others. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Authentication Type, the market is segmented into Single-factor and Multi-factor. Based on Portability, the market is segmented into Fixed and Mobile. Based on End User, the market is segmented into Government, BFSI, IT & Telecom, Retail, Transportation & Logistics, Healthcare, Aerospace & Defense, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Passwordless Authentication Market is Projected to reach USD 37.1 Billion by 2028, at a CAGR of 18%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Assa Abloy AB, Dermalog Identification Systems Gmbh, East Shore Technology, LLC, Fujitsu Limited, M2SYS Technology, Inc., Microsoft Corporation, NEC Corporation, Okta, Inc. and Thales Group S.A.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Fingerprint Authentication
- Palm Recognition
- Iris Recognition
- Face Recognition
- Voice Recognition
- Smart Card
- Others
By Component
- Hardware
- Software
- Services
By Authentication Type
- Single-factor
- Multi-factor
By Portability
By End User
- Government
- BFSI
- IT & Telecom
- Retail
- Transportation & Logistics
- Healthcare
- Aerospace & Defense
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Assa Abloy AB
- Dermalog Identification Systems Gmbh
- East Shore Technology, LLC
- Fujitsu Limited
- M2SYS Technology, Inc.
- Microsoft Corporation
- NEC Corporation
- Okta, Inc.
- Thales Group S.A.
TABLE 1 Asia Pacific Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Fingerprint Authentication Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Fingerprint Authentication Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Palm Recognition Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Palm Recognition Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Iris Recognition Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Iris Recognition Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Face Recognition Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Face Recognition Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Voice Recognition Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Voice Recognition Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Smart Card Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Smart Card Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Other Product Type Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Other Product Type Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Hardware Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Hardware Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Software Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Software Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Single-factor Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Single-factor Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Multi-factor Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Multi-factor Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Fixed Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Fixed Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Mobile Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Mobile Market by Country, 2022 - 2028, USD Million
TABLE 39 Asia Pacific Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 40 Asia Pacific Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 41 Asia Pacific Government Market by Country, 2018 - 2021, USD Million
TABLE 42 Asia Pacific Government Market by Country, 2022 - 2028, USD Million
TABLE 43 Asia Pacific BFSI Market by Country, 2018 - 2021, USD Million
TABLE 44 Asia Pacific BFSI Market by Country, 2022 - 2028, USD Million
TABLE 45 Asia Pacific IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 46 Asia Pacific IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 47 Asia Pacific Retail Market by Country, 2018 - 2021, USD Million
TABLE 48 Asia Pacific Retail Market by Country, 2022 - 2028, USD Million
TABLE 49 Asia Pacific Transportation & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 50 Asia Pacific Transportation & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 51 Asia Pacific Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 52 Asia Pacific Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 53 Asia Pacific Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 54 Asia Pacific Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 55 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 56 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 57 Asia Pacific Passwordless Authentication Market by Country, 2018 - 2021, USD Million
TABLE 58 Asia Pacific Passwordless Authentication Market by Country, 2022 - 2028, USD Million
TABLE 59 China Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 60 China Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 61 China Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 62 China Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 63 China Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 64 China Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 65 China Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 66 China Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 67 China Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 68 China Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 69 China Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 70 China Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 71 Japan Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 72 Japan Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 73 Japan Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 74 Japan Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 75 Japan Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 76 Japan Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 77 Japan Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 78 Japan Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 79 Japan Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 80 Japan Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 81 Japan Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 82 Japan Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 83 India Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 84 India Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 85 India Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 86 India Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 87 India Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 88 India Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 89 India Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 90 India Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 91 India Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 92 India Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 93 India Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 94 India Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 95 South Korea Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 96 South Korea Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 97 South Korea Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 98 South Korea Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 99 South Korea Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 100 South Korea Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 101 South Korea Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 102 South Korea Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 103 South Korea Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 104 South Korea Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 105 South Korea Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 106 South Korea Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 107 Singapore Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 108 Singapore Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 109 Singapore Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 110 Singapore Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 111 Singapore Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 112 Singapore Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 113 Singapore Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 114 Singapore Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 115 Singapore Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 116 Singapore Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 117 Singapore Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 118 Singapore Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 119 Malaysia Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 120 Malaysia Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 121 Malaysia Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 122 Malaysia Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 123 Malaysia Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 124 Malaysia Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 125 Malaysia Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 126 Malaysia Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 127 Malaysia Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 128 Malaysia Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 129 Malaysia Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 130 Malaysia Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 131 Rest of Asia Pacific Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 132 Rest of Asia Pacific Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 133 Rest of Asia Pacific Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 134 Rest of Asia Pacific Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 135 Rest of Asia Pacific Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 136 Rest of Asia Pacific Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 137 Rest of Asia Pacific Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 138 Rest of Asia Pacific Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 139 Rest of Asia Pacific Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 140 Rest of Asia Pacific Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 141 Rest of Asia Pacific Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 142 Rest of Asia Pacific Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 143 key information – Microsoft Corporation
TABLE 144 Key Information – Fujitsu Limited
TABLE 145 key information – Thales Group S.A.
TABLE 146 Key Information – Assa Abloy AB
TABLE 147 KEY INFORMATION – NEC Corporation
TABLE 148 Key Information – Okta, Inc.
TABLE 149 Key Information – M2SYS Technology, Inc.
TABLE 150 Key Information – Dermalog Identification Systems Gmbh
TABLE 151 Key Information – East Shore Technology, LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Microsoft Corporation
FIG 3 SWOT Analysis: Fujitsu Limited