Global No Password Authentication Market Growth (Status and Outlook) 2026-2032
Description
The global No Password Authentication market size is predicted to grow from US$ 16330 million in 2025 to US$ 37040 million in 2032; it is expected to grow at a CAGR of 12.7% from 2026 to 2032.
No Password Authentication is an authentication method that does not rely on traditional static passwords. By replacing or completely eliminating the "username + password" login mechanism, it achieves a more secure, less user-friction-intensive, and more phishing-resistant authentication experience.
Gross Margin Level
No Password Authentication falls into the typical "high software gross margin + tiered delivery service" sector: core capabilities are mostly delivered in SaaS/IAM platform form, with low unit marginal cost, and subscription software gross margins are often significantly higher than traditional hardware and one-off projects; however, in high-compliance scenarios such as large government and enterprise, and financial institutions, localized deployment, integration and transformation, identity verification/device management, and 24/7 support are often added, and service and channel revenue sharing will lower the overall gross margin. Considering common business structures in the industry, the overall gross margin typically falls within the 55%–85% range: "pure software subscriptions/developer platforms" are closer to the upper limit, while "integrated software and hardware/heavy delivery projects" are closer to the middle.
Industry Drivers
The direct driving force for industry growth comes from three factors: First, the cost of phishing and credential attacks continues to rise, and enterprises are more inclined to adopt FIDO-based Passkeys to obtain stronger anti-phishing capabilities and better login success rates/experiences (the FIDO Alliance's definition of passkeys emphasizes replacing passwords with key pairs). Secondly, a key driving force from the ecosystem side comes from the support and continued implementation of common passwordless standards by Apple, Google, and Microsoft, which lowers the threshold for cross-platform deployment and promotes the spread of the "default passwordless" strategy. Thirdly, with the advancement of zero trust in enterprises and the normalization of remote/multi-cloud work, SSO, MFA, device trust, and risk strategies require strong authentication methods with lower friction to balance security and efficiency (for example, Duo, Entra, etc., have strengthened passkeys/passwordless capabilities at the product level).
LPI (LP Information)' newest research report, the “No Password Authentication Industry Forecast” looks at past sales and reviews total world No Password Authentication sales in 2025, providing a comprehensive analysis by region and market sector of projected No Password Authentication sales for 2026 through 2032. With No Password Authentication sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world No Password Authentication industry.
This Insight Report provides a comprehensive analysis of the global No Password Authentication landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on No Password Authentication portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global No Password Authentication market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for No Password Authentication and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global No Password Authentication.
This report presents a comprehensive overview, market shares, and growth opportunities of No Password Authentication market by product type, application, key players and key regions and countries.
Segmentation by Type:
Biometric Authentication
Hardware Token Authentication
Others
Segmentation by Deployment Method:
Cloud-based
On-premise
Segmentation by Authentication Frequency:
Single Authentication
Periodic Authentication
Dynamically Triggered Authentication
Segmentation by Application:
Financial Services Industry
IT and Telecommunications Industry
Healthcare Industry
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Microsoft
Okta
Ping Identity
Cisco
IBM Security Verify
Thales
Entrust
HID Global
Yubico
IDEMIA
CyberArk
RSA
One Identity
Beyond Identity
HYPR
Transmit Security
Secret Double Octopus
1Kosmos
Keyless
Please note: The report will take approximately 2 business days to prepare and deliver.
No Password Authentication is an authentication method that does not rely on traditional static passwords. By replacing or completely eliminating the "username + password" login mechanism, it achieves a more secure, less user-friction-intensive, and more phishing-resistant authentication experience.
Gross Margin Level
No Password Authentication falls into the typical "high software gross margin + tiered delivery service" sector: core capabilities are mostly delivered in SaaS/IAM platform form, with low unit marginal cost, and subscription software gross margins are often significantly higher than traditional hardware and one-off projects; however, in high-compliance scenarios such as large government and enterprise, and financial institutions, localized deployment, integration and transformation, identity verification/device management, and 24/7 support are often added, and service and channel revenue sharing will lower the overall gross margin. Considering common business structures in the industry, the overall gross margin typically falls within the 55%–85% range: "pure software subscriptions/developer platforms" are closer to the upper limit, while "integrated software and hardware/heavy delivery projects" are closer to the middle.
Industry Drivers
The direct driving force for industry growth comes from three factors: First, the cost of phishing and credential attacks continues to rise, and enterprises are more inclined to adopt FIDO-based Passkeys to obtain stronger anti-phishing capabilities and better login success rates/experiences (the FIDO Alliance's definition of passkeys emphasizes replacing passwords with key pairs). Secondly, a key driving force from the ecosystem side comes from the support and continued implementation of common passwordless standards by Apple, Google, and Microsoft, which lowers the threshold for cross-platform deployment and promotes the spread of the "default passwordless" strategy. Thirdly, with the advancement of zero trust in enterprises and the normalization of remote/multi-cloud work, SSO, MFA, device trust, and risk strategies require strong authentication methods with lower friction to balance security and efficiency (for example, Duo, Entra, etc., have strengthened passkeys/passwordless capabilities at the product level).
LPI (LP Information)' newest research report, the “No Password Authentication Industry Forecast” looks at past sales and reviews total world No Password Authentication sales in 2025, providing a comprehensive analysis by region and market sector of projected No Password Authentication sales for 2026 through 2032. With No Password Authentication sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world No Password Authentication industry.
This Insight Report provides a comprehensive analysis of the global No Password Authentication landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on No Password Authentication portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global No Password Authentication market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for No Password Authentication and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global No Password Authentication.
This report presents a comprehensive overview, market shares, and growth opportunities of No Password Authentication market by product type, application, key players and key regions and countries.
Segmentation by Type:
Biometric Authentication
Hardware Token Authentication
Others
Segmentation by Deployment Method:
Cloud-based
On-premise
Segmentation by Authentication Frequency:
Single Authentication
Periodic Authentication
Dynamically Triggered Authentication
Segmentation by Application:
Financial Services Industry
IT and Telecommunications Industry
Healthcare Industry
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Microsoft
Okta
Ping Identity
Cisco
IBM Security Verify
Thales
Entrust
HID Global
Yubico
IDEMIA
CyberArk
RSA
One Identity
Beyond Identity
HYPR
Transmit Security
Secret Double Octopus
1Kosmos
Keyless
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
121 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 No Password Authentication Market Size by Player
- 4 No Password Authentication by Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Global No Password Authentication Market Forecast
- 11 Key Players Analysis
- 12 Research Findings and Conclusion
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