December, 2024
Passwords are one of the biggest sources of irritation for end users since they must be managed across hundreds of websites and accounts. Security professionals are concentrating more on passwordless authentication, which allows users to access company networks and services without a password while yet maintaining high levels of security.
The passwordless authentication market is expected to witness notable growth during the forecast period, owing to the growing advancement in technologies such as the internet of things (IoT) and artificial intelligence. Furthermore, the rising awareness of the application of passwordless authentication in the banking sector and the increase in penetration of consumer electronic devices has driven the growth of the market.
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