North America Passwordless Authentication Market Size, Share & Industry Trends Analysis Report By Product Type, By Component (Hardware, Software, and Services), By Authentication Type, By Portability (Fixed and Mobile), By End User, By Country and Growth Forecast, 2022 - 2028

The North America Passwordless Authentication Market would witness market growth of 17.3% CAGR during the forecast period (2022-2028).

Due to modern AI, it is now possible to fake some physical characteristics, but it is still exceedingly difficult to fake behavioral characteristics. In passwordless authentication systems, a person can also be identified by an item they are carrying. This method of authentication is known as possession authentication. Examples include a hardware token, an SMS-delivered OTP, or a code generated by an authenticator software.

Consequently, magic links can be used as well. After entering their email address, the user receives an email from the system. The email contains a link that, when clicked, grants access to the user. The increased adoption of passwordless authentication methods is a consequence of the unreliability of traditional passwords. Additionally, human factors like opting for easy passwords or forgetting them altogether have motivated many companies to implement passwordless verification systems.

In recent years, the cost of utilizing traditional passwords has grown as these are highly insecure and easily hackable. As such, its negatives easily outweigh the benefits. Password limitations are often not respected by users, and even the toughest passwords are vulnerable to attacks and easily used in phishing scams.

In America, the Bank of America changed its online bill pay service and removed the existing one-time password two-factor authentication (OTP 2FA) system. The new authentication system implemented by the bank sends a notification for authentication through text or email. Presently, this system, called SafePass, is only applicable to transactions of a high order. Passwordless authentication is also used by the Department of Homeland Security (DHS) of America. The department uses biometrics to identify and prevent illegal entry into the nation. Therefore, in the coming years, the passwordless authentication market will grow exponentially in the region as a result of the implementation of these systems in government facilities and higher adoption of the technology in general by consumers.

The US market dominated the North America Passwordless Authentication Market by Country in 2021; thereby, achieving a market value of $9,836.9 million by 2028. The Canada market is experiencing a CAGR of 19.9% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 18.9% 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 U.S., Mexico, Canada, and Rest of North America.

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

• Fixed
• Mobile

By End User

• Government
• BFSI
• IT & Telecom
• Retail
• Transportation & Logistics
• Healthcare
• Aerospace & Defense
• Others

By Country

• US
• Canada
• Mexico
• Rest of North America

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.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Passwordless Authentication Market, by Product Type
1.4.2 North America Passwordless Authentication Market, by Component
1.4.3 North America Passwordless Authentication Market, by Authentication Type
1.4.4 North America Passwordless Authentication Market, by Portability
1.4.5 North America Passwordless Authentication Market, by End User
1.4.6 North America Passwordless Authentication Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. North America Passwordless Authentication Market by Product Type
3.1 North America Fingerprint Authentication Market by Country
3.2 North America Palm Recognition Market by Country
3.3 North America Iris Recognition Market by Country
3.4 North America Face Recognition Market by Country
3.5 North America Voice Recognition Market by Country
3.6 North America Smart Card Market by Country
3.7 North America Other Product Type Market by Country

Chapter 4. North America Passwordless Authentication Market by Component
4.1 North America Hardware Market by Country
4.2 North America Software Market by Country
4.3 North America Services Market by Country

Chapter 5. North America Passwordless Authentication Market by Authentication Type
5.1 North America Single-factor Market by Country
5.2 North America Multi-factor Market by Country

Chapter 6. North America Passwordless Authentication Market by Portability
6.1 North America Fixed Market by Country
6.2 North America Mobile Market by Country

Chapter 7. North America Passwordless Authentication Market by End User
7.1 North America Government Market by Country
7.2 North America BFSI Market by Country
7.3 North America IT & Telecom Market by Country
7.4 North America Retail Market by Country
7.5 North America Transportation & Logistics Market by Country
7.6 North America Healthcare Market by Country
7.7 North America Aerospace & Defense Market by Country
7.8 North America Others Market by Country

Chapter 8. North America Passwordless Authentication Market by Country
8.1 US Passwordless Authentication Market
8.1.1 US Passwordless Authentication Market by Product Type
8.1.2 US Passwordless Authentication Market by Component
8.1.3 US Passwordless Authentication Market by Authentication Type
8.1.4 US Passwordless Authentication Maket by Portability
8.1.5 US Passwordless Authentication Market by End User
8.2 Canada Passwordless Authentication Market
8.2.1 Canada Passwordless Authentication Market by Product Type
8.2.2 Canada Passwordless Authentication Market by Component
8.2.3 Canada Passwordless Authentication Market by Authentication Type
8.2.4 Canada Passwordless Authentication Market by Portability
8.2.5 Canada Passwordless Authentication Market by End User
8.3 Mexico Passwordless Authentication Market
8.3.1 Mexico Passwordless Authentication Market by Product Type
8.3.2 Mexico Passwordless Authentication Market by Component
8.3.3 Mexico Passwordless Authentication Market by Authentication Type
8.3.4 Mexico Passwordless Authentication Market by Portability
8.3.5 Mexico Passwordless Authentication Market by End User
8.4 Rest of North America Passwordless Authentication Market
8.4.1 Rest of North America Passwordless Authentication Market by Product Type
8.4.2 Rest of North America Passwordless Authentication Market by Component
8.4.3 Rest of North America Passwordless Authentication Market by Authentication Type
8.4.4 Rest of North America Passwordless Authentication Market by Portability
8.4.5 Rest of North America Passwordless Authentication Market by End User

Chapter 9. Company Profiles
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Fujitsu Limited
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental Analysis
9.2.4 SWOT Analysis
9.3 Thales Group S.A.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research and Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisition and Mergers:
9.4 Assa Abloy AB
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental Analysis
9.4.4 Research & Development Expense
9.5 NEC Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.6 Okta, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Acquisition and Mergers:
9.7 M2SYS Technology, Inc.
9.7.1 Company Overview
9.8 Dermalog Identification Systems Gmbh
9.8.1 Company Overview
9.9 East Shore Technology, LLC
9.9.1 Company Overview

TABLE 1 North America Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 2 North America Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 3 North America Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 4 North America Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 5 North America Fingerprint Authentication Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Fingerprint Authentication Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Palm Recognition Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Palm Recognition Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Iris Recognition Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Iris Recognition Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Face Recognition Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Face Recognition Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Voice Recognition Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Voice Recognition Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Smart Card Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Smart Card Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Other Product Type Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Other Product Type Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 20 North America Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 21 North America Hardware Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Hardware Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 28 North America Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 29 North America Single-factor Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Single-factor Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Multi-factor Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Multi-factor Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 34 North America Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 35 North America Fixed Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Fixed Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Mobile Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Mobile Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 40 North America Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 41 North America Government Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Government Market by Country, 2022 - 2028, USD Million
TABLE 43 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 44 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 45 North America IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 46 North America IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 47 North America Retail Market by Country, 2018 - 2021, USD Million
TABLE 48 North America Retail Market by Country, 2022 - 2028, USD Million
TABLE 49 North America Transportation & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 50 North America Transportation & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 51 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 52 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 53 North America Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 54 North America Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 55 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 56 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 57 North America Passwordless Authentication Market by Country, 2018 - 2021, USD Million
TABLE 58 North America Passwordless Authentication Market by Country, 2022 - 2028, USD Million
TABLE 59 US Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 60 US Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 61 US Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 62 US Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 63 US Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 64 US Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 65 US Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 66 US Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 67 US Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 68 US Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 69 US Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 70 US Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 71 Canada Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 72 Canada Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 73 Canada Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 74 Canada Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 75 Canada Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 76 Canada Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 77 Canada Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 78 Canada Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 79 Canada Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 80 Canada Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 81 Canada Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 82 Canada Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 83 Mexico Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 84 Mexico Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 85 Mexico Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 86 Mexico Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 87 Mexico Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 88 Mexico Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 89 Mexico Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 90 Mexico Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 91 Mexico Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 92 Mexico Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 93 Mexico Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 94 Mexico Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 95 Rest of North America Passwordless Authentication Market, 2018 - 2021, USD Million
TABLE 96 Rest of North America Passwordless Authentication Market, 2022 - 2028, USD Million
TABLE 97 Rest of North America Passwordless Authentication Market by Product Type, 2018 - 2021, USD Million
TABLE 98 Rest of North America Passwordless Authentication Market by Product Type, 2022 - 2028, USD Million
TABLE 99 Rest of North America Passwordless Authentication Market by Component, 2018 - 2021, USD Million
TABLE 100 Rest of North America Passwordless Authentication Market by Component, 2022 - 2028, USD Million
TABLE 101 Rest of North America Passwordless Authentication Market by Authentication Type, 2018 - 2021, USD Million
TABLE 102 Rest of North America Passwordless Authentication Market by Authentication Type, 2022 - 2028, USD Million
TABLE 103 Rest of North America Passwordless Authentication Market by Portability, 2018 - 2021, USD Million
TABLE 104 Rest of North America Passwordless Authentication Market by Portability, 2022 - 2028, USD Million
TABLE 105 Rest of North America Passwordless Authentication Market by End User, 2018 - 2021, USD Million
TABLE 106 Rest of North America Passwordless Authentication Market by End User, 2022 - 2028, USD Million
TABLE 107 key information – Microsoft Corporation
TABLE 108 Key Information – Fujitsu Limited
TABLE 109 key information – Thales Group S.A.
TABLE 110 Key Information – Assa Abloy AB
TABLE 111 KEY INFORMATION – NEC Corporation
TABLE 112 Key Information – Okta, Inc.
TABLE 113 Key Information – M2SYS Technology, Inc.
TABLE 114 Key Information – Dermalog Identification Systems Gmbh
TABLE 115 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