Motivation to develop a standalone authenticator?

Hello Indranil, and welcome to the community!

I am a user and do not work for Bitwarden, but here is some information that Bitwarden provided regarding the future of the BW standalone authenticator:

from: Bitwarden roadmap - updated July 2024

https://community.bitwarden.com/uploads/default/original/3X/2/2/2203344db02102450d571cd1e06d764b0948afd3.jpeg

from: Bitwarden just launched a new authenticator app. Here’s what it means to users. | Bitwarden Blog

So, one possibility is to enter the workforce authentication market, competing with the likes of Okta, Entra, Google, and possibly Cisco.