Trending Report on Risk-Based Authentication Market 2021-2028 | Development Strategies, Technology, Industry Challenges, Key Drivers, Business Opportunities & Future Prospects
The Risk-Based Authentication Market size is expected to have a market size of USD 12.8 Billion by 2028.
Dallas, United States – April 27, 2021 /MarketersMedia/ —
Global Risk-Based Authentication Market
Risk-based authentication (RBA), also known as flexible authentication, is a character and access innovation in development. It considers a variety of factors, including the client’s behavior, the devices they use, and other factors, to determine if the client is at risk. They provide a variety of benefits to businesses, including lower equipment costs, increased profitability for remote employees, and a satisfied client base.
The market is being fueled by an increase in cyber-attacks and data breaches against businesses. Trends such as the use of mobile devices and BYOD systems in the workplace, as well as the use of new directions, are other growth factors. An increase in the use of risk-based authentication solutions is being driven by increased digitization among organizations around the world. End users’ increasing investments in enhancing the protection of their systems are driving their adoption of advanced technologies. The growing number of security breaches is fueling this demand among end-users, propelling the market for risk-based authentication solutions forward. The communication and technology industry’s rapid growth is a major factor driving this market’s growth, and it is expected to continue to be a major driving force during the forecast period.
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Furthermore, the increasing number of connected devices, fueled by the demand for mobility solutions, as well as a growing acceptance of the BYOD concept, is all contributing to the global risk-based authentication market’s growth. A risk-based authentication scheme considers the agent’s profile when seeking access to a system in order to lower the risk profile associated with that transaction. Geographically, North America is expected to take a sizable share of the market in the coming years. This may be due to the region’s rapid and early adoption of data protection. Due to the widespread adoption of cloud-based solutions, Asia Pacific is projected to become a lucrative area in the global risk-based authentication industry.
The major players of the Risk-Based Authentication Market are IBM, CA Technologies, Micro Focus, Okta, Gemalto, and many other players who are the leading players in the growth of the market.
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Segment Overview of Risk-Based Authentication Market
Component Overview, 2018-2028 (USD Million)
• Solution
• Services
Technology Type, 2018-2028 (USD Million)
• Multi-Factor Authentication
• Behavioral Biometrics
• Web Access Management
Application Area, 2018-2028 (USD Million)
• Fraud Prevention
• Cloud Application Security
• IoT Security
• Others
Deployment Mode, 2018-2028 (USD Million)
• On-Premises
• Cloud-Based
Industry Vertical, 2018-2028 (USD Million)
• BFSI
• Retail
• Travel and Hospitality
• Healthcare and Life Sciences
• Manufacturing
• Service Providers
• Transportation and Logistics
• Government and Public Sector
• Other Verticals
Regional Overview, 2018-2028 (USD Million)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• Middle East and Africa
o Middle East
o South Africa
o Rest of Middle East and Africa
• Latin America
o Brazil
o Mexico
o Rest of Latin America
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