
Risk Based Authentication Market
Risk-based Authentication Market Forecasts to 2028 – Global Analysis By Deployment Mode (On-Premises, Cloud), Application (Internet of Things (IoT) Security, Fraud Prevention, Cloud Application Security) and By Geography
According to Stratistics MRC, the Global Risk-based Authentication Market is accounted for $3.24 billion in 2020 and is expected to reach $15.69 billion by 2028 growing at a CAGR of 21.8% during the forecast period. Factors such as increasing instances of cyber-attacks and growing concerns regarding data breaches are driving the growth of the market. However, lack of proper technical knowledge is hampering the growth of the market.
Risk-based authentication is a non-static authentication system that makes use of the profile of the agent requesting access to the system in order to determine the risk related to the transaction. It analyzes when a person tries to access an application and database among other secure resources.
Based on the end user, the healthcare and life sciences segment is anticipated to expand at a rapid pace during the forecast period owing to the increasing demand from healthcare providers to manage and validate their users’ identities. By geography, North America is going to have high growth during the forecast period which can be attributed to the growing need to meet compliance requirements for ensuring user identity protection.
Some of the key players profiled in the Risk-based Authentication Market include IBM, Oracle, Ping Identity, Forgerock, Micro Focus International PLC, Identity Automation, Entrust Datacard, Crossmatch, Rsa Security, Secureauth, Gemalto, Equifax, Lexisnexis, Nopassword, Onelogin, Ezmcom, Okta, Gurucul, Silverfort, and Biocatch .
Components Covered:
• Solution/Software
• Services
Deployment Modes Covered:
• On-Premises
• Cloud
Security Policies Covered:
• Network and Browser-Based Policies
• Attribute-Based Policies
• Device-Based Policies
• Resource-Based Policies
• Behavior-Based Policies
Enterprise Sizes Covered:
• Small
• Medium
• Large
Technologies Covered:
• Web Access Management (WAM)
• Behavioral Biometrics
• Multi-Factor Authentication
Applications Covered:
• Internet of Things (IoT) Security
• Fraud Prevention
• Cloud Application Security
End Users Covered:
• Banking, Financial Services, and Insurance (BFSI)
• Government and Public Sector
• Retail
• IT & Telecommunications
• Travel & Hospitality
• Service Providers
• Healthcare and Life Sciences
• Manufacturing
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Risk-based Authentication Market, By Component
5.1 Introduction
5.2 Solution/Software
5.3 Services
5.3.1 Managed Services
5.3.2 Professional Services
5.3.2.1 Consulting
5.3.2.2 Training and Education
5.3.2.3 Audit and Reporting
6 Global Risk-based Authentication Market, By Deployment Mode
6.1 Introduction
6.2 On-Premises
6.3 Cloud
7 Global Risk-based Authentication Market, By Security Policy
7.1 Introduction
7.2 Network and Browser-Based Policies
7.3 Attribute-Based Policies
7.4 Device-Based Policies
7.5 Resource-Based Policies
7.6 Behavior-Based Policies
8 Global Risk-based Authentication Market, By Enterprise Size
8.1 Introduction
8.2 Small
8.3 Medium
8.4 Large
9 Global Risk-based Authentication Market, By Technology
9.1 Introduction
9.2 Web Access Management (WAM)
9.3 Behavioral Biometrics
9.4 Multi-Factor Authentication
9.4.1 Biometric Authentication
9.4.2 Smart Card Authentication
9.4.3 Push Notifications
9.4.4 One-Time Passwords
9.4.5 Single Sign-On
10 Global Risk-based Authentication Market, By Application
10.1 Introduction
10.2 Internet of Things (IoT) Security
10.3 Fraud Prevention
10.4 Cloud Application Security
11 Global Risk-based Authentication Market, By End User
11.1 Introduction
11.2 Banking, Financial Services, and Insurance (BFSI)
11.3 Government and Public Sector
11.4 Retail
11.5 IT & Telecommunications
11.6 Travel & Hospitality
11.7 Service Providers
11.8 Healthcare and Life Sciences
11.9 Manufacturing
11.10 Other End Users
11.11 Education
11.12 Media and Entertainment
11.13 Transportation and Logistics
12 Global Risk-based Authentication Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 IBM
14.2 Oracle
14.3 Ping Identity
14.4 Forgerock
14.5 Micro Focus International PLC
14.6 Identity Automation
14.7 Entrust Datacard
14.8 Crossmatch
14.9 Rsa Security
14.10 Secureauth
14.11 Gemalto
14.12 Equifax
14.13 Lexisnexis
14.14 Nopassword
14.15 Onelogin
14.16 Ezmcom
14.17 Okta
14.18 Gurucul
14.19 Silverfort
14.20 Biocatch
List of Tables
1 Global Risk-based Authentication Market Outlook, By Region (2019-2028) ($MN)
2 Global Risk-based Authentication Market Outlook, By Component (2019-2028) ($MN)
3 Global Risk-based Authentication Market Outlook, By Solution/Software (2019-2028) ($MN)
4 Global Risk-based Authentication Market Outlook, By Services (2019-2028) ($MN)
5 Global Risk-based Authentication Market Outlook, By Managed Services (2019-2028) ($MN)
6 Global Risk-based Authentication Market Outlook, By Professional Services (2019-2028) ($MN)
7 Global Risk-based Authentication Market Outlook, By Deployment Mode (2019-2028) ($MN)
8 Global Risk-based Authentication Market Outlook, By On-Premises (2019-2028) ($MN)
9 Global Risk-based Authentication Market Outlook, By Cloud (2019-2028) ($MN)
10 Global Risk-based Authentication Market Outlook, By Security Policy (2019-2028) ($MN)
11 Global Risk-based Authentication Market Outlook, By Network and Browser-Based Policies (2019-2028) ($MN)
12 Global Risk-based Authentication Market Outlook, By Attribute-Based Policies (2019-2028) ($MN)
13 Global Risk-based Authentication Market Outlook, By Device-Based Policies (2019-2028) ($MN)
14 Global Risk-based Authentication Market Outlook, By Resource-Based Policies (2019-2028) ($MN)
15 Global Risk-based Authentication Market Outlook, By Behavior-Based Policies (2019-2028) ($MN)
16 Global Risk-based Authentication Market Outlook, By Enterprise Size (2019-2028) ($MN)
17 Global Risk-based Authentication Market Outlook, By Small (2019-2028) ($MN)
18 Global Risk-based Authentication Market Outlook, By Medium (2019-2028) ($MN)
19 Global Risk-based Authentication Market Outlook, By Large (2019-2028) ($MN)
20 Global Risk-based Authentication Market Outlook, By Technology (2019-2028) ($MN)
21 Global Risk-based Authentication Market Outlook, By Web Access Management (WAM) (2019-2028) ($MN)
22 Global Risk-based Authentication Market Outlook, By Behavioral Biometrics (2019-2028) ($MN)
23 Global Risk-based Authentication Market Outlook, By Multi-Factor Authentication (2019-2028) ($MN)
24 Global Risk-based Authentication Market Outlook, By Biometric Authentication (2019-2028) ($MN)
25 Global Risk-based Authentication Market Outlook, By Smart Card Authentication (2019-2028) ($MN)
26 Global Risk-based Authentication Market Outlook, By Push Notifications (2019-2028) ($MN)
27 Global Risk-based Authentication Market Outlook, By One-Time Passwords (2019-2028) ($MN)
28 Global Risk-based Authentication Market Outlook, By Single Sign-On (2019-2028) ($MN)
29 Global Risk-based Authentication Market Outlook, By Application (2019-2028) ($MN)
30 Global Risk-based Authentication Market Outlook, By Internet of Things (IoT) Security (2019-2028) ($MN)
31 Global Risk-based Authentication Market Outlook, By Fraud Prevention (2019-2028) ($MN)
32 Global Risk-based Authentication Market Outlook, By Cloud Application Security (2019-2028) ($MN)
33 Global Risk-based Authentication Market Outlook, By End User (2019-2028) ($MN)
34 Global Risk-based Authentication Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2019-2028) ($MN)
35 Global Risk-based Authentication Market Outlook, By Government and Public Sector (2019-2028) ($MN)
36 Global Risk-based Authentication Market Outlook, By Retail (2019-2028) ($MN)
37 Global Risk-based Authentication Market Outlook, By IT & Telecommunications (2019-2028) ($MN)
38 Global Risk-based Authentication Market Outlook, By Travel & Hospitality (2019-2028) ($MN)
39 Global Risk-based Authentication Market Outlook, By Service Providers (2019-2028) ($MN)
40 Global Risk-based Authentication Market Outlook, By Healthcare and Life Sciences (2019-2028) ($MN)
41 Global Risk-based Authentication Market Outlook, By Manufacturing (2019-2028) ($MN)
42 Global Risk-based Authentication Market Outlook, By Other End Users (2019-2028) ($MN)
43 Global Risk-based Authentication Market Outlook, By Education (2019-2028) ($MN)
44 Global Risk-based Authentication Market Outlook, By Media and Entertainment (2019-2028) ($MN)
45 Global Risk-based Authentication Market Outlook, By Transportation and Logistics (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY

We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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