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Passwordless Authentication Solutions Market Share

Report ID: GMI10563
Published Date: Aug 2024
Report Format: PDF

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Passwordless Authentication Solutions Market Share

Microsoft and Google hold a significant share in the passwordless authentication solutions industry. Microsoft’s dominance stems from its comprehensive approach with Azure Active Directory and Windows Hello, which provide seamless, passwordless authentication across its operating systems and cloud services. This integration enhances user experience and security for millions of users globally. Google has established a strong foothold with its advanced security measures, including Google Cloud Identity, Google Authenticator, and Titan Security Keys. Google's focus on enhancing passwordless options and integrating them into its ecosystem of products and services has cemented its position as a leading player.

Passwordless Authentication Solutions Market Companies

Major players operating in the passwordless authentication solutions industry are:

Apple
Google
IBM
Microsoft
Okta
RSA Security (a division of Dell Technologies)
Thales Group

Authors: Suraj Gujar , Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of passwordless authentication solutions reached USD 16.2 billion in 2023 and will expand at 10% CAGR between 2024 and 2032, propelled by the increasing cybersecurity threats and data breaches.

The cloud-based segment in the passwordless authentication solutions industry will witness 10% CAGR through 2032, fueled by its scalability, flexibility, and cost-effectiveness along with the rising adoption of remote work and the need for secure access to cloud applications.

North America market captured 30% share in 2023, owing to the region's advanced IT infrastructure and high adoption of cutting-edge technologies.

Key players operating in the industry are Apple, Google, IBM, Microsoft, Okta, RSA Security (a division of Dell Technologies), and Thales Group, among others.