Passwordless Authentication Market size was valued at USD 17.1 billion in 2024 and is expected to grow to USD 71.2 billion by 2032 and grow at a CAGR of 17.2 % over the forecast period of 2024-2032.
The Passwordless Authentication Market is transforming cybersecurity by eliminating traditional passwords and adopting methods like biometrics, cryptographic keys, and multi-factor authentication. This approach reduces the risk of breaches caused by weak or stolen passwords.
Market growth is driven by the increasing demand for secure and user-friendly authentication solutions, the rise in cyber threats, and regulatory compliance requirements. Companies like Microsoft, Okta, and Ping Identity are key players in this space.
As businesses prioritize security and user experience, the passwordless authentication market is poised for robust growth.
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