South Korea Passwordless Authentication Tool Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 1.3 Billion by 2030, growing at a CAGR of 20.1% from 2024 to 2030.
The demand for passwordless authentication tools in South Korea's cybersecurity market is rapidly increasing as industries across various sectors aim to strengthen their security protocols. This shift is driven by the growing need to address the vulnerabilities of traditional password-based authentication methods, which are increasingly susceptible to cyberattacks and data breaches. Passwordless authentication tools offer a seamless and more secure alternative by eliminating the need for passwords altogether, replacing them with biometric recognition, SMS codes, or authentication apps.
Industries in South Korea, particularly in sectors like finance, healthcare, and e-commerce, are adopting these advanced security solutions to protect sensitive customer data and enhance user experiences. The rise in cybercrime incidents has underscored the importance of adopting innovative security technologies. According to recent reports, South Korea's financial institutions are at the forefront of integrating passwordless authentication systems. With customers seeking more secure and user-friendly ways to access their online banking accounts, financial firms are turning to fingerprint scanning, facial recognition, and hardware tokens as part of their authentication processes.
In healthcare, patient data privacy is a major concern. Medical institutions are adopting passwordless authentication to ensure that only authorized personnel can access sensitive health records. This also streamlines workflows for doctors and staff, who no longer need to remember multiple passwords for different systems. Similarly, the e-commerce sector in South Korea is embracing passwordless authentication to provide a smooth, secure online shopping experience. Customers expect frictionless login processes without compromising on security, driving the demand for these tools.
The South Korea passwordless authentication tool market is also witnessing significant growth due to the government's initiatives to promote digital transformation and security. This push is fostering innovation in the authentication technology space, with various providers developing and deploying new solutions tailored to meet the evolving needs of local industries. As businesses continue to prioritize cybersecurity, passwordless authentication is expected to become a standard across South Korea's critical sectors, creating a more secure and efficient digital ecosystem.
Get an In-Depth Research Analysis of the South Korea Passwordless Authentication Tool Market Size And Forecast [2025-2032]
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Ping Identity
Yubico
Secret Double Octopus
Microsoft
Authentiq
1Kosmos
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Groove id
HYPR
IDEE GmbH
IdRamp
Locurity
Fortmatic
Identite
OARO
Privakey
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Veridium
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Passwordless Authentication Tool Market
Cloud-based
On-premises
Biometrics
SMS-based Authentication
Push Notification-based Authentication
Email-based Authentication
Hardware Tokens
Banking, Financial Services, and Insurance (BFSI)
Healthcare
Government
Retail
IT and Telecom
Education
Energy and Utilities
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
Customer Authentication
Employee Authentication
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Passwordless Authentication Tool Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Passwordless Authentication Tool Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Passwordless Authentication Tool Market, By Type
6. South Korea Passwordless Authentication Tool Market, By Application
7. South Korea Passwordless Authentication Tool Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Passwordless Authentication Tool Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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