Risk-based Authentication Market Size 2021 Industry Growth Analysis, Segmentation, Size, Share, Trend, Future Demand and Leading Players Updates by Forecast to 2025

 Growing BYOD Trends Poses Great Data Threats, Supports Reliance on Risk-based Authentication Market

Risk based authentication market is a high value market with large scale potential for sustainable revenue pools, finds Adroit Market Research in its recently compiled business intelligence report included in the burgeoning data archive. Risk-based management services are witnessing massive adoption against fast diversifying channels that support consumer interaction amongst businesses.

Businesses are increasingly relying upon advanced web services to carry out routine activities such as maintaining financial data assets, securing transaction records, personal information and intellectual property which are protected with advanced automation solutions and cloud mobility that in turn support adoption of risk based authentication measures. The Risk-Based Authentication Market size is expected to have a market size of USD 12.8 Billion by 2028.

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North America with Ample Investments in Data Security Churns Maximum Returns

Risk authentication services are crucial in maintaining data security across customer related digital channels.

The trend is also fortified by favorable government policies and protocols that encourage adoption of risk-based authentication. Primarily risk-based authentication enables high end security of the networks by appropriately offering advanced security to high-risk client gadgets and network access.

Cyber threat is on constant rise in recent times and is further fueled by enterprise trends of BYOD practices that render data security at higher risks. Regions such as North America which has demonstrated massive technological advances and large-scale investments towards data security is likely to coin lion's share in revenue returns and overall profits in global risk based authentication market.

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Risk based authentication practices are an ideal leap from conventional access management technologies that are highly vulnerable to data theft and fraudulent transactions. Rapid rise in digital transactions owing to smart device ownership has made conventional binary authentication such as passwords and usernames highly inefficient to avert modern data threats, thus contributing towards large scale adoption of risk-based authentication in recent times.

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.  

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
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Middle East and Africa
  • Middle East
  • South Africa
  • Rest of Middle East and Africa

• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America

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What does the report include?

• The study on the global Global Risk-Based Authentication Market includes qualitative factors such as drivers, restraints, and opportunities
• The study covers the competitive landscape of existing/prospective players in the Risk-Based Authentication industry and their strategic initiatives for the product development
• The study covers a qualitative and quantitative analysis of the market segmented based on Component, Technology Type, and end-user. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments.

Who should buy this report?

• This study is suitable for industry participants and stakeholders in the global Global Risk-Based Authentication Market. The report will benefit:
• Every stakeholder involved in the Global Risk-Based Authentication Market.
• Managers within the Tech companies looking to publish recent and forecasted statistics about the global Global Risk-Based Authentication Market.
• Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Global Risk-Based Authentication Market.
• Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.

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Major Points from Table of Contents:

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