According to Stratistics MRC, the Global Risk-based Authentication market is accounted for $1.73 billion in 2017 and is expected to reach $9.16 billion by 2026 growing at a CAGR of 20.3%.
Gaithersburg, Maryland, , U.S. - December 10, 2018 /MarketersMedia/ —
Some of the factors influencing the market growth are increasing demand for mobility services and rising instances of cyber attacks. However, lack of knowledge about risk-based authentication results and budget restrictions among SMEs are hampering the market growth.
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Risk-based authentication (RBA) is a method of applying varying levels of stringency to authentication processes based on the likelihood that access to a given system could result in its being compromised. RBA strengthens RSA Secure ID authentication and traditional password-based authentication. It is easy to manage and maintain.
Based on end user, retail segment commanded significant market share during the predicted period due to growing e-commerce, mergers, acquisitions and partnerships growth strategy in the retail industry. By geography, North America is anticipated to dominate the global market due to the large presence of risk-based authentication solution vendors across the region offering highly innovative authentication solutions. Asia Pacific is anticipated to grow owing to high adoption of risk-based authentication solutions in APAC countries.
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Some of the key players in the Risk-based Authentication market include Oracle, IBM, Rsa Security, Forgerock, Identity Automation, Nopassword, Crossmatch, Micro Focus International PLC, Gurucul, Gemalto, Lexisnexis, Okta, Ping Identity, Biocatch, Entrust Datacard, Silverfort, Secureauth, Onelogin, Evidian, Equifax and Ezmcom.
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Technologies Covered:
• Behavioral Biometrics
• Multi-Factor Authentication
• Web Access Management
Security Policies Covered:
• Attribute-Based Policies
• Resource-Based Policies
• Device-Based Policies
• Network and Browser-Based Policies
• Behavior-Based Policies
Components Covered:
• Services
• Solution
Deployment Modes Covered:
• Cloud
• On-Premises
Applications Covered:
• IoT Security
• Cloud Application Security
• Fraud Prevention
• Other Applications
End Users Covered:
• Government
• Retail
• Telecommunications
• Banking, Financial Services, and Insurance
• Healthcare
• Manufacturing
• Other End Users
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
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- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
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Source: MarketersMedia
Release ID: 457000
