Global Risk-based Authentication (MFA, Behavioral Biometrics, Web Access Management) Market 2018-2023
DUBLIN, Oct 11, 2018 /PRNewswire/ --
The "Risk-based Authentication Market by Component, Technology Type (MFA, Behavioral Biometrics, Web Access Management), Application Area (Fraud Prevention, IoT Security), Deployment Mode, Industry Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global risk-based authentication market size to grow from USD 2.19 billion in 2018 to USD 5.41 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period.
The major growth drivers for the market include increasing instances of cyber-attacks and enterprise data breaches, and rising demand for mobility solutions and BYOD trend.
The report segments the global risk-based authentication market by component, technology type, application area, security policy, deployment mode, industry vertical, and region. The solution component in the risk-based authentication market is estimated to hold a larger market size in 2018, as it enables companies to identify and authenticate legitimate customers and protect customers' data from fraudulent activities. Furthermore, the solution component is also expected to grow at a higher CAGR than services during the forecast period.
Enterprises mostly adopt the cloud-based solutions, and the cloud deployment mode is expected to grow at a higher CAGR than that of the on-premises deployment mode during the forecast period. Some of the highly regulated industry verticals, such as Banking, Financial Services and Insurance (BFSI) and government sector, in the major economies, are mostly deploying on-premises-based solutions, but these industry verticals are also expected to migrate to cloud-based risk-based authentication solutions in the coming years.
Enterprises across major industry verticals deploy risk-based authentication solutions. The healthcare industry vertical is expected to grow at the highest CAGR during the forecast period, as advanced risk-based authentication solutions help healthcare providers manage and validate their users' identities. However, the BFSI industry vertical is estimated to have the largest market size in 2018, which is fueled by high investments in the BFSI infrastructure to provide a secure and seamless user experience.
To provide a region-specific analysis, the report covers 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is estimated to be the largest revenue generating region for risk-based authentication vendors in 2018, followed by Europe. In the US, increasing number of identity thefts target businesses.
Hence, the increasing need to meet compliance requirements for ensuring user identity protection act as a driving factor for the adoption of risk-based authentication solutions in the country. APAC is expected to be the growing region with the highest CAGR in the risk-based authentication market, owing to the high adoption of risk-based authentication solutions in the high-growth APAC countries, such as China, India, Australia, Japan, and Singapore.
Budget constraints among SMEs and lack of knowledge about risk-based authentication solutions may restrain the growth of risk-based authentication market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities In The Risk-Based Authentication Market
4.2 Risk-Based Authentication Market, Market Share Of Top 3 Technology Types And Regions, 2018
4.3 Risk-Based Authentication Market, By Service, 2018-2023
4.4 Risk-Based Authentication Market, By Professional Service, 2018
4.5 Risk-Based Authentication Market, By Application Area, 2018
4.6 Risk-Based Authentication Market, By Technology Type, 2018
4.7 Market Investment Scenario
4.8 Risk-Based Authentication Market, Top 3 Verticals
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Instances Of Cyber-Attacks And Data Breaches In Enterprises
5.2.1.2 Rising Demand For Mobility Solutions And Byod Trend
5.2.1.3 Growing Stringent Regulations And Compliances
5.2.2 Restraints
5.2.2.1 Budget Constraints Among Smes
5.2.2.2 Lack Of Knowledge About Risk-Based Authentication Solutions
5.2.3 Opportunities
5.2.3.1 Increasing Adoption Of Cloud-Based Risk-Based Authentication Solutions
5.2.3.2 Rise In The Number Of Iot And Connected Devices
5.2.3.3 Higher Adoption Of Risk-Based Authentication Solutions In Highly Regulated Industry Verticals
5.2.4 Challenges
5.2.4.1 Lack Of Skilled Security Professionals And Preplanning In Enterprises
5.3 Regulatory Landscape
5.3.1 Payment Services Directive 2
5.3.2 Electronic Identification, Authentication And Trust Services (Eidas)
5.3.3 Know Your Customer (Kyc)
5.3.4 Anti-Money Laundering (Aml)
5.3.5 General Data Protection Regulation
5.3.6 Payment Card Industry Data Security Standard (Pci Dss)
5.3.7 Health Insurance Portability And Accountability Act
5.3.8 Federal Information Security Management Act
5.3.9 Sarbanes-Oxley Act
5.3.10 Gramm-Leach-Bliley Act
5.3.11 Federal Information Processing Standards (Fips)
5.4 Innovation Spotlight
6 Risk-Based Authentication Market, By Component
6.1 Introduction
6.2 Solution
6.3 Services
6.3.1 Professional Services
6.3.1.1 Consulting
6.3.1.2 Training And Education
6.3.1.3 Audit And Reporting
6.3.2 Managed Services
7 Risk-Based Authentication Market, By Technology Type
7.1 Introduction
7.2 Multi-Factor Authentication
7.2.1 Push Notifications
7.2.2 One-Time Passwords
7.2.3 Smart Card Authentication
7.2.4 Single Sign-On
7.2.5 Biometric Authentication
7.3 Behavioral Biometrics
7.4 Web Access Management
8 Risk-Based Authentication Market, By Application Area
8.1 Introduction
8.2 Fraud Prevention
8.3 Cloud Application Security
8.4 Iot Security
8.5 Others
9 Risk-Based Authentication Market, By Security Policy
9.1 Introduction
9.2 Device-Based Policies
9.3 Attribute-Based Policies
9.4 Behavior-Based Policies
9.5 Resource-Based Policies
9.6 Network And Browser-Based Policies
10 Risk-Based Authentication Market, By Deployment Mode
10.1 Introduction
10.2 On-Premises
10.3 Cloud
11 Risk-Based Authentication Market, By Industry Vertical
11.1 Introduction
11.2 Banking, Financial Services, And Insurance
11.3 Government
11.4 Healthcare
11.5 Manufacturing
11.6 Retail
11.7 Telecommunications
11.8 Others
12 Risk-Based Authentication Market, By Region
12.1 Introduction
12.2 North America
12.2.1 United States
12.2.2 Canada
12.3 Europe
12.3.1 United Kingdom
12.3.2 Germany
12.3.3 Rest Of Europe
12.4 Asia Pacific
12.4.1 China
12.4.2 Japan
12.4.3 India
12.4.4 Rest Of Asia Pacific
12.5 Middle East And Africa
12.5.1 Middle East
12.5.2 Africa
12.6 Latin America
12.6.1 Mexico
12.6.2 Brazil
12.6.3 Rest Of Latin America
13 Competitive Landscape
13.1 Overview
13.2 Competitive Scenario
13.2.1 Partnerships, Agreements, And Collaborations
13.2.2 New Product Launches And Product Enhancements
13.2.3 Mergers And Acquisitions
13.2.4 Business Expansions
14 Company Profiles
14.1 IBM
14.2 CA Technologies
14.3 Micro Focus
14.4 Okta
14.5 Gemalto
14.6 Vasco Data Security
14.7 Secureauth
14.8 RSA Security
14.9 Entrust Datacard
14.10 Lexisnexis
14.11 Gurucul
14.12 Equifax
14.13 Ping Identity
14.14 Forgerock
14.15 Onelogin
14.16 Centrify
14.17 Crossmatch
14.18 Biocatch
14.19 Oracle
14.20 Evidian
14.21 Identity Automation
14.22 Nopassword
14.23 Silverfort
14.24 Iovation
14.25 Ezmcom
For more information about this report visit https://www.researchandmarkets.com/research/w6zll9/global_riskbased?w=5
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