Main reasons why companies worldwide adopted passwordless authentication 2022

As per the findings of a survey conducted in the year 2022, it has been observed that around 60 percent of IT staff and IT security leaders globally agreed that implementing passwordless authentication in their respective organizations was primarily driven by the need to enhance security.

From the point of view of a non-IT security leader

According to 63 percent of the security leaders who are not part of the IT department, the main motive behind this action is to unify several authentication methods. The unification process is expected to result in greater efficiency and streamline operations within the organization. It was mostly agreed that passwordless authentication methods will increase users' productivity and support digital transformation strategies.

Passwordless security market on the rise

Passwordless authentication is a highly secure process that eliminates the need for passwords. It relies on security tokens, PINs, and biometric recognition for authentication, providing a better user experience while also offering superior security. The market for passwordless authentication is projected to surpass 53 billion U.S. dollars by 2030.