Dallas, Texas, May 26, 2021 (GLOBE NEWSWIRE) -- The “Risk-Based Authentication Market by Component (Solution, Services), Technology Type (Multi-Factor Authentication, Behavioral Biometrics & Web Access Management), Application Area (Fraud Prevention, Cloud Application Security, IoT Security, Others), Deployment Mode (Cloud & On-premise), Industry Vertical(BFSI, Retail, Travel & Hospitality, Healthcare, and Life Sciences, Manufacturing, Service Providers, Transportation & Logistics, Government and Public Sector and Others) and Region (North America, Europe, Asia Pacific, Middle East& Africa, Latin America) - Global Forecast to 2018 to 2028” study provides an elaborative view of historic, present and forecasted market estimates.
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There has been a rise in the market due to the adoption of mobility solutions and BYOD trends across various verticals across the world. With the increase of data storage, the risk of security of data and cyber-attacks have increased leading to the organization adopting the market in the next five years.
The Risk-Based Authentication Market size is expected to have a market size of USD 12.8 Billion by 2028. The factors such as increasing Regulations and Compliances from the government and Increasing Instances of Cyber-Attacks and Data Breaches in Enterprises have led to the rise in the market.
There has been a rise in connected devices and IoT devices which has further influenced the market for growth in the coming years. With the rise in data across organizations especially government and hospitals, the risk of a data breach and cyber-attacks have increased drastically.
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Password protection has been the traditional source of authentication. Companies have been protecting data through this single gateway as there is a high risk of loss of authenticity of data. The organization is now moving its data from traditional sources to cloud-based solutions, which has led to a rise in the market.
The Risk-Based Authentication Market caters to a wide range of North America, Europe, APAC, the Middle East and Africa, and Latin America. North America is expected to have the highest market size due to the presence of a large number of companies in the market.
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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Major Points from Table of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Risk-Based Authentication Market by Component
Chapter 6 Risk-Based Authentication Market by Technology Type
Chapter 7 Risk-Based Authentication Market by Application Area
Chapter 8 Risk-Based Authentication Market by Deployment Mode
Chapter 9 Risk-Based Authentication Market by Vertical
Chapter 10 Risk-Based Authentication Market by Region
Chapter 11 Competitive Landscape
Chapter 12 Company Profiles
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