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

4.5 (58 reviews)
Published: November 2021 ID: SMRC21153
4.5 (58 reviews)
Published: November 2021 ID: SMRC21153

This report covers the impact of COVID-19 on this global market

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 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

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