Dublin, Oct. 11, 2018 (GLOBE NEWSWIRE) -- 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 is expected 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.
Major growth factors for the market include enterprises' increasing focus on protecting infrastructure from rising instances of cyber-attacks and data breaches and growing demand for mobility solutions and BYOD trend. However, the lack of skilled security professionals and preplanning in enterprises is a significant challenge for the market growth.
The solution segment in the risk-based authentication market is expected to hold a larger market size during the forecast period. The risk-based authentication solutions help enterprises improve identity security and protect both corporate and individual data from potentially harmful identity theft.
The MFA technology type is major contributor to the growth of risk-based authentication solution market. The MFA requires more than one method of authentication from independent categories of user credentials to verify the user's identity for a login or other transaction. It includes Personal Identification Number (PIN), one-time password (OTP), biometric identity, security tokens, and others. The MFA helps organizations prevent unauthorized access to sensitive business information and maintain security of employee and customer data.
APAC is expected to grow at the highest CAGR during the forecast period in the global risk-based authentication market by region, owing to the high-security spending by organizations in major APAC countries, such as China, Australia, India, Singapore, and Japan, for protecting sensitive information from unauthorized access. Furthermore, North America is estimated to hold the largest market size in 2018, as the region is an early adopter of security technologies.
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/84fnk3/riskbased?w=12
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