Edison, NJ -- (SBWIRE) -- 04/14/2021 -- A new business intelligence report released by Advance Market Analytics with title Global Passwordless Authentication Software Market Insights, forecast to 2025.This report provides a detailed overview of key factors in the Global Passwordless Authentication Software Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors has been conducted to determine future growth prospects in the global market.

Major Key Players in This Report Include,
Ping Identity Corp (United States), Yubico (United States), Secret Double Octopus (Israel), Microsoft (United States), Authentiq BV (United States), 1Kosmos (United States) , Cidaas (Germany), Groove id (United States) , HYPR (United States), IDEE GmbH (Germany),

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Advance Market Analytics released a new market study covering the current COVID-19 impact on the Passwordless Authentication Software Market with detailed insights on latest scenario, economic slowdown on overall industry. This report will help you to identify which types of companies could potentially benefit from the impact of COVID-19, as well as those business segments that are set to lose out.

Passwordless Authentication Software Overview:
Passwordless authentication is a type of multi-factor authentication that eliminates a password as an authentication type. Instead of using passwords, passwordless authentication relies on authenticating a user via other means, such as something a user has (like a trusted mobile device or a hardware security key) and something that they are (scanning their fingerprint). The most common use cases for passwordless authentication include either workforce authentication or customer authentication. Furthermore, companies use passwordless authentication to improve end-user experience, as many people forget or reuse unsecured passwords. Reduce security risks to the company stemming from breached passwords. And reduce the cost of maintaining passwords and lifting the burden of password resets on help desk teams.
On 28 April 2020, Trusona, the pioneering leader in passwordless multi-factor authentication technology, announced it has expanded its suite of passwordless solutions to support 2-step verification with Time-based One-time Passwords (TOTPs), allowing enterprises to further consolidate security and provide even more global users with secure account access.

The Passwordless Authentication Software Market segments and Market Data Break Down are illuminated below:
by Type (Cloud-Based, Web-based), Organization Size (SMEs, Large Enterprises), Industry Vertical (BFSI, IT and Telecomm, Healthcare, Government, Defense and Surveillance, Consumer Electronics, Others)

Market Trend
- Technological Advancements in Passwordless Authentication Software

Market Drivers
- The Rising Risks from Phishing and Password Attacks
- The Growing Need to Offer Enhanced Customer Experience
- Upsurging Demand for Passwordless Authentication Solutions To Reduce Total Cost of Ownership (TCO)
- Passwords are Burden for the IT Staffs in Many Ways is the Key Factor Driving the Market Growth
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Market Challenges

Global Passwordless Authentication Software the manufacturing cost structure analysis of the market is based on the core chain structure, engineering process, raw materials and suppliers. The manufacturing plant has been developed for market needs and new technology development. In addition, Global Passwordless Authentication Software Market attractiveness according to country, end-user, and other measures is also provided, permitting the reader to gauge the most talented or commercial areas for investments. The report also provides a detailed synopsis of the competitive scenario, wherein complete business profiles of some of the prime companies in the market are included.

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Geographically Global Passwordless Authentication Software markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Global Passwordless Authentication Software markets will drive growth in the North American market over the next few years.

Passwordless Authentication Software Market M&A Activity:
On 25 June 2019, Ping Identity, the leader in Identity Defined Security, announced a significant update to PingOne for Customers, the cloud-delivered Identity-as-a-Service (IDaaS) offering built for developers. The API-first solution can now deliver seamless and secure push notifications from custom mobile applications that can be used for passwordless and advanced multi-factor authentication. The cloud identity solution helps development teams speed time to launch for their applications, while also taking security concerns off their plates and letting them maintain customization and control over their user experiences. This release marks another milestone for PingOne for Customers that makes embedding secure identity servicesâ€"login, registration, multi-factor authentication and othersâ€"into applications easier than ever.

In the last section of the report, the companies responsible for increasing the sales in the Global Passwordless Authentication Software Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the global market and their influence on the future growth of the market have also been presented through this study.

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Strategic Points Covered in Table of Content of Passwordless Authentication Software Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Passwordless Authentication Software market
Chapter 2: Exclusive Summary – the basic information of the Passwordless Authentication Software Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Passwordless Authentication Software
Chapter 4: Presenting the Passwordless Authentication Software Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Passwordless Authentication Software market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8& 9: Displaying the Appendix, Methodology and Data Source

Key questions answered
- How Pandemic Impacting on Passwordless Authentication Software Market Globally?
- Who are the Leading key players and what are their Key Business plans in the Passwordless Authentication Software market?
- What are the key concerns of the five forces analysis of the Passwordless Authentication Software market?
- What are different prospects and threats faced by the dealers in the Passwordless Authentication Software market?
- What are the strengths and weaknesses of the key vendors?

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