The Risk-Based Authentication Market is forecasted to grow from USD 2.01 billion in 2018 to USD 5.30 billion by 2026, at a CAGR of 19.5% during the forecast period.
New York, NY -- (SBWIRE) -- 04/12/2021 -- The growth for Risk-Based Authentication Market is governed by various factors such as growing cases of cyber-attacks on businesses
Market Size – USD 2.01 billion in 2018, Market Growth - CAGR of 19.5%, Market Trends- increased demand for digital transformation
The Risk-Based Authentication Market is forecasted to grow from USD 2.01 billion in 2018 to USD 5.30 billion by 2026, at a CAGR of 19.5% during the forecast period. The driving factor for growth being the increased cases for cyber-attacks. However, insufficient knowledge about risk based authentication may be the restraining factor for the market.
Risk based authentication is an advanced technology that uses various form factors from the user to determine whether they are dangerous or not. It is a type of security which helps to identify the level of risk that can happen by a given login attempt and provides users with authentication challenges for the risk level. Increased growth of communication and technology in the world is a major factor driving the growth of this market and it is forecasted to remain like this throughout the forecast period.
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Further key findings from the report suggest
- Growth of Risk-Based Authentication Market is directly fueled by increase in cases of cyber-attack. The Risk based authentication market is forecasted to grow from USD 2.01 billion in 2018 to USD 5.30 billion by 2026, at a CAGR of 19.5% during the forecast period.
- AS on implementation, the market is segmented as cloud application security and IOT security. The several benefits are affordable costs, increase in productivity of remote employees. However, the enhanced adoption of these connected devices has resulted in privacy and security issues.
- AS on deployment type, the market is segmented into cloud and on premise. The cloud deployment uses less expensive algorithms to perform along with the features of being flexible, easy and quite affordable, which makes it the faster growing deployment type accepted by various industries than the on premise. The installation and maintenance cost is also affordable than the on premise
- AS on end user, the market is segment into BFSI, Healthcare, Government, Retail, Manufacture, IT and Telecommunications. The healthcare industry vertical is forecasted to grow at the higher during the forecast period, as an enhanced risk-based authentication solutions will help healthcare segment to manage and validate their user's identities. However, the BFSI is estimated to have the largest market size of 40 %, along with In addition to the high investments FSI infrastructure to provide a secure and easy user experience.
- The Key players in the Risk based authentication market include IBM (US), CA Technologies (US), Micro Focus (UK), Okta (US), Gemalto (Netherlands), One Span (US), SecureAuth (US), RSA Security (US), ForgeRock (US), Entrust Data card (US)
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For the purpose of this report, the market has been segmented on the basis of deployment, implementation, end user and region:
Deployment Outlook (Revenue, USD Million; 2018-2026)
Cloud
On premise
Implementation Outlook (Revenue, USD Million; 2018-2026)
Cloud application security
IOT security
End user Outlook (Revenue, USD Million; 2018-2026)
Manufacture
BFSI
Retail
Healthcare
Government
IT & Telecommunications
Regional Outlook (Revenue, USD Million; 2018-2026)
North America
Europe
Asia Pacific
Latin America
MEA
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2017- 2026
Chapter 3. Macro Indicators
3.1. Global penetration of advanced security solutions
3.2. Global usage of Cloud based risk based authentication Implementations
3.3. Contribution of digital transformation in various sectors
Chapter 4. Risk-Based Authentication Market Segmentation & Impact Analysis
4.1. Risk-Based Authentication Market Segmentation Analysis
4.2. Industrial Outlook
4.3. Regulatory Framework
4.4. Risk-Based Authentication Market Impact Analysis
....
Chapter 9. Competitive Landscape
9.1. Market Revenue Share by Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
Chapter 10. Company Profiles
10.1. IBM
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Type Insights
10.1.4. Strategic Initiatives
10.2. CA Technologies
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Type Insights
10.2.4. Strategic Initiatives
10.3. Microfocus
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Type Insights
10.3.4. Strategic Initiatives
10.4. Okta
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Type Insights
10.4.4. Strategic Initiatives
10.5. Gemalto
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Type Insights
10.5.4. Strategic Initiatives
Continue….
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