The growth for Risk-Based Authentication Market is governed by various factors such as growing cases of cyber-attacks on businesses

The Risk-Based Authentication Market is forecasted to grow from USD 1.85 Billion in 2020 to USD 7.66 Billion by 2028, 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.

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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Market Overview:

The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2020-2028. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.

The Risk-Based Authentication Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Risk-Based Authentication Market.

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 1.85 Billion in 2020 to USD 7.66 Billion by 2028, 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.
• AS on region, the market is being segmented to Europe, APAC, North America, and Row. North America is forecasted to have the largest market share and dominate the market. The faster growth rates will increase business operations in North America, APAC is also having the growth opportunities. The enhanced adoption among the various enterprises to increase privacy risk management and improve the business management has led to the growth in this region.

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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; 2018-2028)

• Cloud
• On premise

Implementation Outlook (Revenue, USD Million; 2018-2028)

• Cloud application security
• IOT security

End user Outlook (Revenue, USD Million; 2018-2028)

• Manufacture
• BFSI
• Retail
• Healthcare
• Government
• IT Telecommunications

Regional Outlook (Revenue, USD Million; 2018-2028)

• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Latin America
• Brazil
• MEA

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Key Advantages of Risk-Based Authentication Market Report:

• Identification and analysis of the market size and competition
• Qualitative and quantitative analysis of the market data
• Data validated by industry experts after extensive primary and secondary research
• Extensive regional analysis of the sk-Based Authentication industry
• Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
• SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
• Feasibility analysis and investment analysis to enable strategic investment decisions
• Analysis of opportunities, drivers, restraints, challenges, risks, and limitations

Conclusively, all aspects of the Risk-Based Authentication Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

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