Risk Based Authentication Market
PUBLISHED: 2021 ID: SMRC21153
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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

4.3 (43 reviews)
4.3 (43 reviews)
Published: 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 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


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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