The Passwordless Authentication Market size was valued at USD 14.75 billion in 2022 and is expected to grow to USD 55.89 billion By 2030 and grow at a CAGR of 18.12 % over the forecast period of 2023-2030.
Passwordless authentication is a cutting-edge security method that utilizes personal identifying numbers, security tokens, and an individual's distinct biological characteristics, including voice analysis, iris recognition, fingerprint recognition, face recognition, and more. The adoption of passwordless authentication solutions is rapidly growing due to their enhanced security features and the convenience they offer in accessing data from any location. Technology advancements such as the Internet of Things (IoT) and artificial intelligence are accelerating the growth of the market. An organization pays $69.7 for a single password reset, while the typical person spends 12.5 minutes each week changing passwords.
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Drivers
Increased need for improved user experience
Technology advancements such as the Internet of Things (IoT) and artificial intelligence are accelerating the growth of the market.
Businesses are focusing on improving their user experience to get a competitive advantage since a reduction in login friction may influence customers to choose one provider over another. It is impractical to create and remember many passwords at the same time. Furthermore, replacing a lost password is typically a time-consuming operation. As a result, users often use the simplest passwords they can remember. Every tool or application they use has the same password, which they only slightly change once a month when instructed to do so.
Restrains
Increased deployment costs
Passwordless authentication requires a complete, step-by-step approach that includes staff training and the installation of new software or hardware. The creation and execution of a project and change management plan take time that may be spent on other tasks or strategic projects. Additionally, staff training is required. The costs of hardware and software are also included in the implementation of passwordless authentication. Hardware installation expenses include the cost of procuring devices, tokens, and cards for each employee. Although adopting software is less expensive, some unforeseen expenditures, such as software administration, migration, and maintenance, must be considered. As a result, the cost of implementation is a barrier to the passwordless authentication industry.
Opportunities
Adaptive authentication is becoming more popular.
The growing awareness in the banking industry, as well as the increased penetration of consumer electronic devices.
Increase in demand for cybersecurity and the adoption of new authentication techniques to improve user experience.
Challenges
Reluctance to abandon traditional password-based authentication methods
Lack of knowledge of end users.
During times of heightened geopolitical tensions, there is often an increase in cyberattacks and malicious activities. This can lead to a greater focus on cybersecurity across industries, including the adoption of more secure authentication methods like passwordless solutions. As a result, the demand for passwordless authentication may see an uptick. Geopolitical conflicts can prompt countries and organizations to prioritize data sovereignty and security. This may lead to stricter regulations and requirements around data protection, storage, and transmission. Passwordless authentication can be seen as a more secure option, as it reduces the reliance on passwords that can be compromised. This could drive organizations to adopt passwordless solutions to enhance their security posture.
During times of geopolitical instability, businesses often exercise caution and delay investments until the situation stabilizes. This can lead to a slowdown in the adoption of new technologies, including passwordless authentication solutions. The market may experience a period of uncertainty and slower growth until confidence is restored.
Impact of the Recession
During a recession, businesses often prioritize cost reduction measures, which may affect their willingness to invest in new technologies, including passwordless authentication solutions. Companies might delay or cancel planned implementations or opt for more affordable alternatives. Economic downturns can lead to an uptick in cybercrime as threat actors take advantage of vulnerabilities and financial distress. Consequently, organizations may recognize the need to enhance their security measures, including adopting passwordless authentication solutions to mitigate risks. The impact of a recession on the Passwordless Authentication Market can vary across different industry sectors. For instance, industries heavily reliant on online transactions, such as e-commerce or financial services, may prioritize authentication solutions to protect against fraud. Conversely, industries facing significant financial constraints, such as travel or hospitality, might delay or scale back investments in new technologies. Governments might introduce policies or regulations during a recession to stimulate economic recovery or enhance cybersecurity. These initiatives could influence the adoption of passwordless authentication solutions, either by providing incentives for organizations to invest or by imposing security requirements.
By Component
Hardware
Software
Services
By Portability
Fixed
Mobile
By Product Type
Fingerprint Authentication
Palm Recognition
Iris Recognition
Face Recognition
Smart Card
Others
By Authentication Type
Single-factor Authentication
Multi-factor Authentication
By End-user
IT & Telecom
Retail
Transportation & Logistics
Aerospace & Defence
BFSI
Healthcare
Government
Others
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With a significant number of providers such as HID Worldwide, Duo Security, Okta, Ping Identity, Microsoft, IBM, and OneLogin, North America dominates the worldwide passwordless authentication industry, resulting in the region's adoption of passwordless solutions. Rising investments in North American nations, as well as an increase in password thefts and credential breaches, are the region's key growth drivers for passwordless authentication. Other reasons driving the region's increased need for passwordless authentication solutions include the region's early adoption of new and sophisticated technologies such as AI and ML, as well as extensive cybersecurity awareness., which is driving North American businesses to adopt passwordless authentication solutions. The extensive usage of personal devices such as cell phones and laptops to assist companies in continuing operations and working from home during the pandemic is predicted to dramatically accelerate the region's adoption of passwordless authentication solutions. As a consequence of these factors, North America will have the highest pass wordless authentication market size throughout the projected period.
Asia Pacific is expected to expand the fastest. This increase might be linked to the region's increasing smartphone and tablet usage, as well as technologies such as facial recognition and fingerprint recognition, both of which are major drivers of the regional passwordless authentication industry.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players are NEC Corporation, HID Global Corporation, Fujitsu, East Shore Technology, LLC, M2SYS Technology, Microsoft, Secret Double Octopus, Thales, Beyond Identity, Safran, DERMALOG Identification Systems GmbH, ASSA ABLOY, EmpowerID, OneLogin, IDEE, and others in the final report.
Okta improved their product Okta Workflows in October 2022. Okta's Workflows platform has been upgraded to support a larger set of identity automation use cases, such as advanced security orchestration and DevOps. Customers may now use additional functionalities to expedite innovation and automate identification procedures.
HID Global will launch a new solution called Omnikey Secure Element in March 2022. The Omnikey Secure Element is compatible with both new and existing secure access identification and authentication applications, such as locker management and EV charging. To safeguard identification data, it offers multi-layer security that goes beyond card technology. It also enhances Apple Wallet with credential technologies such as mobile IDs and employee badges.
| Report Attributes | Details |
| Market Size in 2022 | US$ 14.75 Bn |
| Market Size by 2030 | US$ 55.89 Bn |
| CAGR | CAGR of 18.12% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Hardware, Software, Services) • By Portability (Fixed, Mobile) • By Product Type (Fingerprint Authentication, Palm Recognition, Iris Recognition, Face Recognition, Voice Recognition, Smart Card, Others) • By Authentication Type (Single-factor Authentication, Multi-factor Authentication) • By End-user (IT & Telecom, Retail, Transportation & Logistics, Aerospace & Defence, BFSI, Healthcare, Government, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | NEC Corporation, HID Global Corporation, Fujitsu, East Shore Technology, LLC, M2SYS Technology, Microsoft, Secret Double Octopus, Thales, Beyond Identity, Safran, DERMALOG Identification Systems GmbH, ASSA ABLOY, EmpowerID, OneLogin, IDEE |
| Key Drivers | • Increased need for improved user experience • Technology advancements such as the Internet of Things (IoT) and artificial intelligence are accelerating the growth of the market. |
| Market Restraints | • Increased deployment costs |
Ans: The North American region is dominating the Passwordless Authentication Market.
Ans: The Passwordless Authentication Market is to grow at a CAGR of 18.12 % Over the Forecast period 2023-2030.
Ans: The Passwordless Authentication Market size was valued at USD 14.75 Bn in 2022.
Ans The forecast period for the Passwordless Authentication Market is 2023-2030.
Ans. There are five segments cover in this report, By Component, By Portability, By Product Type, By Authentication Type, By End-user.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Passwordless Authentication Market Segmentation, By Component
8.1 Hardware
8.2 Software
8.3 Services
9. Passwordless Authentication Market Segmentation, By Portability
9.1 Fixed
9.2 Mobile
10. Passwordless Authentication Market Segmentation, By Product Type Device
10.1 Fingerprint Authentication
10.2 Palm Recognition
10.3 Iris Recognition
10.4 Face Recognition
10.5 Voice Recognition
10.6 Smart Card
10.7 Others
11. Passwordless Authentication Market Segmentation, By Authentication Type
11.1 Single-factor Authentication
11.2 Multi-factor Authentication
12. Passwordless Authentication Market Segmentation, By End-user
12.1 IT & Telecom
12.2 Retail
12.3 Transportation & Logistics
12.4 Aerospace & Defense
12.5 BFSI
12.6 Healthcare
12.7 Government
12.8 Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 North America Passwordless Authentication Market By Country
13.2.2 North America Passwordless Authentication Market By Component
13.2.3 North America Passwordless Authentication Market By Portability
13.2.4 North America Passwordless Authentication Market By Product Type Device
13.2.5 North America Passwordless Authentication Market By Authentication Type
13.2.6 North America Passwordless Authentication Market By End-user
13.2.7 USA
13.2.7.1 USA Passwordless Authentication Market By Component
13.2.7.2 USA Passwordless Authentication Market By Portability
13.2.7.3 USA Passwordless Authentication Market By Product Type Device
13.2.7.4 USA Passwordless Authentication Market By Authentication Type
13.2.7.5 USA Passwordless Authentication Market By End-user
13.2.8 Canada
13.2.8.1 Canada Passwordless Authentication Market By Component
13.2.8.2 Canada Passwordless Authentication Market By Portability
13.2.8.3 Canada Passwordless Authentication Market By Product Type Device
13.2.8.4 Canada Passwordless Authentication Market By Authentication Type
13.2.8.5 Canada Passwordless Authentication Market By End-user
13.2.9 Mexico
13.2.9.1 Mexico Passwordless Authentication Market By Component
13.2.9.2 Mexico Passwordless Authentication Market By Portability
13.2.9.3 Mexico Passwordless Authentication Market By Product Type Device
13.2.9.4 Mexico Passwordless Authentication Market By Authentication Type
13.2.9.5 Mexico Passwordless Authentication Market By End-user
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Eastern Europe Passwordless Authentication Market By Country
13.3.1.2 Eastern Europe Passwordless Authentication Market By Component
13.3.1.3 Eastern Europe Passwordless Authentication Market By Portability
13.3.1.4 Eastern Europe Passwordless Authentication Market By Product Type Device
13.3.1.5 Eastern Europe Passwordless Authentication Market By Authentication Type
13.3.1.6 Eastern Europe Passwordless Authentication Market By End-user
13.3.1.7 Poland
13.3.1.7.1 Poland Passwordless Authentication Market By Component
13.3.1.7.2 Poland Passwordless Authentication Market By Portability
13.3.1.7.3 Poland Passwordless Authentication Market By Product Type Device
13.3.1.7.4 Poland Passwordless Authentication Market By Authentication Type
13.3.1.7.5 Poland Passwordless Authentication Market By End-user
13.3.1.8 Romania
13.3.1.8.1 Romania Passwordless Authentication Market By Component
13.3.1.8.2 Romania Passwordless Authentication Market By Portability
13.3.1.8.3 Romania Passwordless Authentication Market By Product Type Device
13.3.1.8.4 Romania Passwordless Authentication Market By Authentication Type
13.3.1.8.5 Romania Passwordless Authentication Market By End-user
13.3.1.9 Hungary
13.3.1.9.1 Hungary Passwordless Authentication Market By Component
13.3.1.9.2 Hungary Passwordless Authentication Market By Portability
13.3.1.9.3 Hungary Passwordless Authentication Market By Product Type Device
13.3.1.9.4 Hungary Passwordless Authentication Market By Authentication Type
13.3.1.9.5 Hungary Passwordless Authentication Market By End-user
13.3.1.10 Turkey
13.3.1.10.1 Turkey Passwordless Authentication Market By Component
13.3.1.10.2 Turkey Passwordless Authentication Market By Portability
13.3.1.10.3 Turkey Passwordless Authentication Market By Product Type Device
13.3.1.10.4 Turkey Passwordless Authentication Market By Authentication Type
13.3.1.10.5 Turkey Passwordless Authentication Market By End-user
13.3.1.11 Rest of Eastern Europe
13.3.1.11.1 Rest of Eastern Europe Passwordless Authentication Market By Component
13.3.1.11.2 Rest of Eastern Europe Passwordless Authentication Market By Portability
13.3.1.11.3 Rest of Eastern Europe Passwordless Authentication Market By Product Type Device
13.3.1.11.4 Rest of Eastern Europe Passwordless Authentication Market By Authentication Type
13.3.1.11.5 Rest of Eastern Europe Passwordless Authentication Market By End-user
13.3.2 Western Europe
13.3.2.1 Western Europe Passwordless Authentication Market By Country
13.3.2.2 Western Europe Passwordless Authentication Market By Component
13.3.2.3 Western Europe Passwordless Authentication Market By Portability
13.3.2.4 Western Europe Passwordless Authentication Market By Product Type Device
13.3.2.5 Western Europe Passwordless Authentication Market By Authentication Type
13.3.2.6 Western Europe Passwordless Authentication Market By End-user
13.3.2.7 Germany
13.3.2.7.1 Germany Passwordless Authentication Market By Component
13.3.2.7.2 Germany Passwordless Authentication Market By Portability
13.3.2.7.3 Germany Passwordless Authentication Market By Product Type Device
13.3.2.7.4 Germany Passwordless Authentication Market By Authentication Type
13.3.2.7.5 Germany Passwordless Authentication Market By End-user
13.3.2.8 France
13.3.2.8.1 France Passwordless Authentication Market By Component
13.3.2.8.2 France Passwordless Authentication Market By Portability
13.3.2.8.3 France Passwordless Authentication Market By Product Type Device
13.3.2.8.4 France Passwordless Authentication Market By Authentication Type
13.3.2.8.5 France Passwordless Authentication Market By End-user
13.3.2.9 UK
13.3.2.9.1 UK Passwordless Authentication Market By Component
13.3.2.9.2 UK Passwordless Authentication Market By Portability
13.3.2.9.3 UK Passwordless Authentication Market By Product Type Device
13.3.2.9.4 UK Passwordless Authentication Market By Authentication Type
13.3.2.9.5 UK Passwordless Authentication Market By End-user
13.3.2.10 Italy
13.3.2.10.1 Italy Passwordless Authentication Market By Component
13.3.2.10.2 Italy Passwordless Authentication Market By Portability
13.3.2.10.3 Italy Passwordless Authentication Market By Product Type Device
13.3.2.10.4 Italy Passwordless Authentication Market By Authentication Type
13.3.2.10.5 Italy Passwordless Authentication Market By End-user
13.3.2.11 Spain
13.3.2.11.1 Spain Passwordless Authentication Market By Component
13.3.2.11.2 Spain Passwordless Authentication Market By Portability
13.3.2.11.3 Spain Passwordless Authentication Market By Product Type Device
13.3.2.11.4 Spain Passwordless Authentication Market By Authentication Type
13.3.2.11.5 Spain Passwordless Authentication Market By End-user
13.3.2.12 The Netherlands
13.3.2.12.1 Netherlands Passwordless Authentication Market By Component
13.3.2.12.2 Netherlands Passwordless Authentication Market By Portability
13.3.2.12.3 Netherlands Passwordless Authentication Market By Product Type Device
13.3.2.12.4 Netherlands Passwordless Authentication Market By Authentication Type
13.3.2.12.5 Netherlands Passwordless Authentication Market By End-user
13.3.2.13 Switzerland
13.3.2.13.1 Switzerland Passwordless Authentication Market By Component
13.3.2.13.2 Switzerland Passwordless Authentication Market By Portability
13.3.2.13.3 Switzerland Passwordless Authentication Market By Product Type Device
13.3.2.13.4 Switzerland Passwordless Authentication Market By Authentication Type
13.3.2.13.5 Switzerland Passwordless Authentication Market By End-user
13.3.2.14 Austria
13.3.2.14.1 Austria Passwordless Authentication Market By Component
13.3.2.14.2 Austria Passwordless Authentication Market By Portability
13.3.2.14.3 Austria Passwordless Authentication Market By Product Type Device
13.3.2.14.4 Austria Passwordless Authentication Market By Authentication Type
13.3.2.14.5 Austria Passwordless Authentication Market By End-user
13.3.2.15 Rest of Western Europe
13.3.2.15.1 Rest of Western Europe Passwordless Authentication Market By Component
13.3.2.15.2 Rest of Western Europe Passwordless Authentication Market By Portability
13.3.2.15.3 Rest of Western Europe Passwordless Authentication Market By Product Type Device
13.3.2.15.4 Rest of Western Europe Passwordless Authentication Market By Authentication Type
13.3.2.15.5 Rest of Western Europe Passwordless Authentication Market By End-user
13.4 Asia-Pacific
13.4.1 Asia Pacific Passwordless Authentication Market By Country
13.4.2 Asia Pacific Passwordless Authentication Market By Component
13.4.3 Asia Pacific Passwordless Authentication Market By Portability
13.4.4 Asia Pacific Passwordless Authentication Market By Product Type Device
13.4.5 Asia Pacific Passwordless Authentication Market By Authentication Type
13.4.6 Asia Pacific Passwordless Authentication Market By End-user
13.4.7 China
13.4.7.1 China Passwordless Authentication Market By Component
13.4.7.2 China Passwordless Authentication Market By Portability
13.4.7.3 China Passwordless Authentication Market By Product Type Device
13.4.7.4 China Passwordless Authentication Market By Authentication Type
13.4.7.5 China Passwordless Authentication Market By End-user
13.4.8 India
13.4.8.1 India Passwordless Authentication Market By Component
13.4.8.2 India Passwordless Authentication Market By Portability
13.4.8.3 India Passwordless Authentication Market By Product Type Device
13.4.8.4 India Passwordless Authentication Market By Authentication Type
13.4.8.5 India Passwordless Authentication Market By End-user
13.4.9 Japan
13.4.9.1 Japan Passwordless Authentication Market By Component
13.4.9.2 Japan Passwordless Authentication Market By Portability
13.4.9.3 Japan Passwordless Authentication Market By Product Type Device
13.4.9.4 Japan Passwordless Authentication Market By Authentication Type
13.4.9.5 Japan Passwordless Authentication Market By End-user
13.4.10 South Korea
13.4.10.1 South Korea Passwordless Authentication Market By Component
13.4.10.2 South Korea Passwordless Authentication Market By Portability
13.4.10.3 South Korea Passwordless Authentication Market By Product Type Device
13.4.10.4 South Korea Passwordless Authentication Market By Authentication Type
13.4.10.5 South Korea Passwordless Authentication Market By End-user
13.4.11 Vietnam
13.4.11.1 Vietnam Passwordless Authentication Market By Component
13.4.11.2 Vietnam Passwordless Authentication Market By Portability
13.4.11.3 Vietnam Passwordless Authentication Market By Product Type Device
13.4.11.4 Vietnam Passwordless Authentication Market By Authentication Type
13.4.11.5 Vietnam Passwordless Authentication Market By End-user
13.4.12 Singapore
13.4.12.1 Singapore Passwordless Authentication Market By Component
13.4.12.2 Singapore Passwordless Authentication Market By Portability
13.4.12.3 Singapore Passwordless Authentication Market By Product Type Device
13.4.12.4 Singapore Passwordless Authentication Market By Authentication Type
13.4.12.5 Singapore Passwordless Authentication Market By End-user
13.4.13 Australia
13.4.13.1 Australia Passwordless Authentication Market By Component
13.4.13.2 Australia Passwordless Authentication Market By Portability
13.4.13.3 Australia Passwordless Authentication Market By Product Type Device
13.4.13.4 Australia Passwordless Authentication Market By Authentication Type
13.4.13.5 Australia Passwordless Authentication Market By End-user
13.4.14 Rest of Asia-Pacific
13.4.14.1 APAC Passwordless Authentication Market By Component
13.4.14.2 APAC Passwordless Authentication Market By Portability
13.4.14.3 APAC Passwordless Authentication Market By Product Type Device
13.4.14.4 APAC Passwordless Authentication Market By Authentication Type
13.4.14.5 APAC Passwordless Authentication Market By End-user
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 Middle East Passwordless Authentication Market By country
13.5.1.2 Middle East Passwordless Authentication Market By Component
13.5.1.3 Middle East Passwordless Authentication Market By Portability
13.5.1.4 Middle East Passwordless Authentication Market By Product Type Device
13.5.1.5 Middle East Passwordless Authentication Market By Authentication Type
13.5.1.6 Middle East Passwordless Authentication Market By End-user
13.5.1.7 UAE
13.5.1.7.1 UAE Passwordless Authentication Market By Component
13.5.1.7.2 UAE Passwordless Authentication Market By Portability
13.5.1.7.3 UAE Passwordless Authentication Market By Product Type Device
13.5.1.7.4 UAE Passwordless Authentication Market By Authentication Type
13.5.1.7.5 UAE Passwordless Authentication Market By End-user
13.5.1.8 Egypt
13.5.1.8.1 Egypt Passwordless Authentication Market By Component
13.5.1.8.2 Egypt Passwordless Authentication Market By Portability
13.5.1.8.3 Egypt Passwordless Authentication Market By Product Type Device
13.5.1.8.4 Egypt Passwordless Authentication Market By Authentication Type
13.5.1.8.5 Egypt Passwordless Authentication Market By End-user
13.5.1.9 Saudi Arabia
13.5.1.9.1 Saudi Arabia Passwordless Authentication Market By Component
13.5.1.9.2 Saudi Arabia Passwordless Authentication Market By Portability
13.5.1.9.3 Saudi Arabia Passwordless Authentication Market By Product Type Device
13.5.1.9.4 Saudi Arabia Passwordless Authentication Market By Authentication Type
13.5.1.9.5 Saudi Arabia Passwordless Authentication Market By End-user
13.5.1.10 Qatar
13.5.1.10.1 Qatar Passwordless Authentication Market By Component
13.5.1.10.2 Qatar Passwordless Authentication Market By Portability
13.5.1.10.3 Qatar Passwordless Authentication Market By Product Type Device
13.5.1.10.4 Qatar Passwordless Authentication Market By Authentication Type
13.5.1.10.5 Qatar Passwordless Authentication Market By End-user
13.5.1.11 Rest of Middle East
13.5.1.11.1 Rest of Middle East Passwordless Authentication Market By Component
13.5.1.11.2 Rest of Middle East Passwordless Authentication Market By Portability
13.5.1.11.3 Rest of Middle East Passwordless Authentication Market By Product Type Device
13.5.1.11.4 Rest of Middle East Passwordless Authentication Market By Authentication Type
13.5.1.11.5 Rest of Middle East Passwordless Authentication Market By End-user
13.5.2 Africa
13.5.2.1 Africa Passwordless Authentication Market By Country
13.5.2.2 Africa Passwordless Authentication Market By Component
13.5.2.3 Africa Passwordless Authentication Market By Portability
13.5.2.4 Africa Passwordless Authentication Market By Product Type Device
13.5.2.5 Africa Passwordless Authentication Market By Authentication Type
13.5.2.6 Africa Passwordless Authentication Market By End-user
13.5.2.7 Nigeria
13.5.2.7.1 Nigeria Passwordless Authentication Market By Component
13.5.2.7.2 Nigeria Passwordless Authentication Market By Portability
13.5.2.7.3 Nigeria Passwordless Authentication Market By Product Type Device
13.5.2.7.4 Nigeria Passwordless Authentication Market By Authentication Type
13.5.2.7.5 Nigeria Passwordless Authentication Market By End-user
13.5.2.8 South Africa
13.5.2.8.1 South Africa Passwordless Authentication Market By Component
13.5.2.8.2 South Africa Passwordless Authentication Market By Portability
13.5.2.8.3 South Africa Passwordless Authentication Market By Product Type Device
13.5.2.8.4 South Africa Passwordless Authentication Market By Authentication Type
13.5.2.8.5 South Africa Passwordless Authentication Market By End-user
13.5.2.9 Rest of Africa
13.5.2.9.1 Rest of Africa Passwordless Authentication Market By Component
13.5.2.9.2 Rest of Africa Passwordless Authentication Market By Portability
13.5.2.9.3 Rest of Africa Passwordless Authentication Market By Product Type Device
13.5.2.9.4 Rest of Africa Passwordless Authentication Market By Authentication Type
13.5.2.9.5 Rest of Africa Passwordless Authentication Market By End-user
13.6 Latin America
13.6.1 Latin America Passwordless Authentication Market By Country
13.6.2 Latin America Passwordless Authentication Market By Component
13.6.3 Latin America Passwordless Authentication Market By Portability
13.6.4 Latin America Passwordless Authentication Market By Product Type Device
13.6.5 Latin America Passwordless Authentication Market By Authentication Type
13.6.6 Latin America Passwordless Authentication Market By End-user
13.6.7 Brazil
13.6.7.1 Brazil Passwordless Authentication Market By Component
13.6.7.2 Brazil Africa Passwordless Authentication Market By Portability
13.6.7.3Brazil Passwordless Authentication Market By Product Type Device
13.6.7.4 Brazil Passwordless Authentication Market By Authentication Type
13.6.7.5 Brazil Passwordless Authentication Market By End-user
13.6.8 Argentina
13.6.8.1 Argentina Passwordless Authentication Market By Component
13.6.8.2 Argentina Passwordless Authentication Market By Portability
13.6.8.3 Argentina Passwordless Authentication Market By Product Type Device
13.6.8.4 Argentina Passwordless Authentication Market By Authentication Type
13.6.8.5 Argentina Passwordless Authentication Market By End-user
13.6.9 Colombia
13.6.9.1 Colombia Passwordless Authentication Market By Component
13.6.9.2 Colombia Passwordless Authentication Market By Portability
13.6.9.3 Colombia Passwordless Authentication Market By Product Type Device
13.6.9.4 Colombia Passwordless Authentication Market By Authentication Type
13.6.9.5 Colombia Passwordless Authentication Market By End-user
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Passwordless Authentication Market By Component
13.6.10.2 Rest of Latin America Passwordless Authentication Market By Portability
13.6.10.3 Rest of Latin America Passwordless Authentication Market By Product Type Device
13.6.10.4 Rest of Latin America Passwordless Authentication Market By Authentication Type
13.6.10.5 Rest of Latin America Passwordless Authentication Market By End-user
14. Company Profile
14.1 NEC Corporation
14.1.1 Company Overview
14.1.2 Financials
14.1.3 Product/Services/Offerings
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 HID Global Corporation.
14.2.1 Company Overview
14.2.2 Financials
14.2.3 Product/Services/Offerings
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Fujitsu.
14.3.1 Company Overview
14.3.2 Financials
14.3.3 Product/Services/Offerings
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 East Shore Technology, LLC.
14.4.1 Company Overview
14.4.2 Financials
14.4.3 Product/Services/Offerings
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 M2SYS Technology
14.5.1 Company Overview
14.5.2 Financials
14.5.3 Product/Services/Offerings
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Microsoft.
14.6.1 Company Overview
14.6.2 Financials
14.6.3 Product/Services/Offerings
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Secret Double Octopus
14.7.1 Company Overview
14.7.2 Financials
14.7.3 Product/Services/Offerings
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Thales.
14.8.1 Company Overview
14.8.2 Financials
14.8.3 Product/Services/Offerings
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Beyond Identity.
14.9.1 Company Overview
14.9.2 Financials
14.9.3 Product/Services/Offerings
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Safran.
14.10.1 Company Overview
14.10.2 Financials
14.10.3 Product/Services/Offerings
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. USE Cases and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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The QR Code Payments Market is anticipated to develop at a CAGR of 17.2% from 2023 to 2030, from an estimated value of USD 9.5 billion in 2022 to USD 33.81 billion in 2030.
The Digital Asset Management Market size was USD 4.2 billion in 2022 and is expected to Reach USD 11.3 billion by 2030 and grow at a CAGR of 13.2 % over the forecast period of 2023-2030.
The Location-Based Services Market size was valued at USD 23.12 billion in 2022 and is expected to grow to USD 81.85 billion By 2030 and grow at a CAGR of 17.12 % over the forecast period of 2023-2030.
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