The Latin America, Middle East and Africa Passwordless Authentication Market would witness market growth of 21.3% CAGR during the forecast period (2022-2028).
Businesses frequently attempt to maintain a balance between user experience and labor access security while also maintaining supply chain control, which is essential for B2B financial infrastructure. Passwordless technology alters the underlying security architecture by moving verification to the device rather than providing credentials through an online connection. Many companies are incorporating technological advancements to promote frictionless and secure interactions within their companies to remedy their security concerns.
Various sectors and application instances are utilizing passwordless authentication. To verify personnel and safeguard access to internal resources, for instance, businesses are distributing physical security keys. Passwordless authentication has also facilitated secure payment transactions for individuals who can do secured online shopping just by using their fingerprints.
The banking industry is adopting passwordless authentication increasingly as an additional security feature for their clients' accounts because most consumers reuse passwords for both work and personal accounts. This has further propelled the adoption of passwordless authentication among other sectors as well. Therefore, in the coming years, this market is bound to grow exponentially.
The growing infrastructure and construction in UAE have propelled the use of biometrics in the region, as most of the workers involved are immigrants. Most of their money transactions are done through banks and now mobiles. UAE already possesses the largest biometric database in the world, which has hundreds of millions of resident fingerprints, hand/palm, and facial photos. The LAMEA region significantly impacts the industry and, therefore, advances the development of the passwordless authentication market in the coming years.
The Brazil market dominated the LAMEA Passwordless Authentication Market by Country in 2021; thereby, achieving a market value of $666.5 million by 2028. The Argentina market is showcasing a CAGR of 22% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 21% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Passwordless Authentication Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 4 LAMEA Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 5 LAMEA Fingerprint Authentication Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Fingerprint Authentication Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Palm Recognition Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Palm Recognition Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Iris Recognition Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Iris Recognition Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Face Recognition Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Face Recognition Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Voice Recognition Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Voice Recognition Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Smart Card Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Smart Card Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Other Product Type Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Other Product Type Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 20 LAMEA Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 21 LAMEA Hardware Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Hardware Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Software Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Software Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 28 LAMEA Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 29 LAMEA Single-factor Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Single-factor Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Multi-factor Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Multi-factor Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 34 LAMEA Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 35 LAMEA Fixed Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Fixed Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Mobile Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Mobile Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 40 LAMEA Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 41 LAMEA Government Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Government Market by Country, 2022 - 2028, USD Million
TABLE 43 LAMEA BFSI Market by Country, 2018 - 2021, USD Million
TABLE 44 LAMEA BFSI Market by Country, 2022 - 2028, USD Million
TABLE 45 LAMEA IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 46 LAMEA IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 47 LAMEA Retail Market by Country, 2018 - 2021, USD Million
TABLE 48 LAMEA Retail Market by Country, 2022 - 2028, USD Million
TABLE 49 LAMEA Transportation & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 50 LAMEA Transportation & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 51 LAMEA Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 52 LAMEA Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 53 LAMEA Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 54 LAMEA Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 55 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 56 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 57 LAMEA Passwordless Authentication Market by Country, 2018 - 2021, USD Million
TABLE 58 LAMEA Passwordless Authentication Market by Country, 2022 - 2028, USD Million
TABLE 59 Brazil Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 60 Brazil Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 61 Brazil Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 62 Brazil Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 63 Brazil Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 64 Brazil Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 65 Brazil Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 66 Brazil Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 67 Brazil Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 68 Brazil Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 69 Brazil Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 70 Brazil Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 71 Argentina Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 72 Argentina Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 73 Argentina Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 74 Argentina Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 75 Argentina Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 76 Argentina Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 77 Argentina Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 78 Argentina Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 79 Argentina Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 80 Argentina Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 81 Argentina Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 82 Argentina Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 83 UAE Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 84 UAE Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 85 UAE Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 86 UAE Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 87 UAE Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 88 UAE Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 89 UAE Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 90 UAE Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 91 UAE Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 92 UAE Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 93 UAE Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 94 UAE Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 95 Saudi Arabia Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 96 Saudi Arabia Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 97 Saudi Arabia Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 98 Saudi Arabia Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 99 Saudi Arabia Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 100 Saudi Arabia Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 101 Saudi Arabia Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 102 Saudi Arabia Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 103 Saudi Arabia Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 104 Saudi Arabia Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 105 Saudi Arabia Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 106 Saudi Arabia Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 107 South Africa Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 108 South Africa Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 109 South Africa Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 110 South Africa Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 111 South Africa Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 112 South Africa Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 113 South Africa Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 114 South Africa Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 115 South Africa Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 116 South Africa Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 117 South Africa Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 118 South Africa Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 119 Nigeria Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 120 Nigeria Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 121 Nigeria Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 122 Nigeria Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 123 Nigeria Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 124 Nigeria Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 125 Nigeria Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 126 Nigeria Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 127 Nigeria Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 128 Nigeria Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 129 Nigeria Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 130 Nigeria Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 131 Rest of LAMEA Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 132 Rest of LAMEA Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 133 Rest of LAMEA Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 134 Rest of LAMEA Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 135 Rest of LAMEA Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 136 Rest of LAMEA Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 137 Rest of LAMEA Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 138 Rest of LAMEA Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 139 Rest of LAMEA Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 140 Rest of LAMEA Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 141 Rest of LAMEA Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 142 Rest of LAMEA 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