Risk-based Authentication: Worldwide Market Outlook (2018-2023) - CAGR Expected to Grow at 19.8% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 11, 2018--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 MFA technology type is major contributor to the growth of risk-based authentication solution market.
DriversIncreasing Instances of Cyber-Attacks and Data Breaches in Enterprises Rising Demand for Mobility Solutions and BYOD Trend Growing Stringent Regulations and Compliances
RestraintsBudget Constraints Among SMEs Lack of Knowledge About Risk-Based Authentication Solutions
OpportunitiesIncreasing Adoption of Cloud-Based Risk-Based Authentication Solutions Rise in the Number of IoT and Connected Devices Higher Adoption of Risk-Based Authentication Solutions in Highly Regulated Industry Verticals
ChallengesLack of Skilled Security Professionals and Preplanning in Enterprises
Key Topics Covered1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Risk-Based Authentication Market, By Component
7 Risk-Based Authentication Market, By Technology Type
8 Risk-Based Authentication Market, By Application Area
9 Risk-Based Authentication Market, By Security Policy
10 Risk-Based Authentication Market, By Deployment Mode
11 Risk-Based Authentication Market, By Industry Vertical
12 Risk-Based Authentication Market, By Region
13 Competitive Landscape
14 Company ProfilesBiocatchCA TechnologiesCentrifyCrossmatchEntrust DatacardEquifaxEvidianEzmcomForgerockGemaltoGuruculIBMIdentity AutomationIovationLexisnexisMicro FocusNopasswordOktaOneloginOraclePing IdentityRSA SecuritySecureauthSilverfortVasco Data Security
For more information about this report visit https://www.researchandmarkets.com/research/pchdv8/riskbased?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181011005360/en/
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Related Topics:IT Security
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE SECURITY
SOURCE: Research and Markets
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PUB: 10/11/2018 06:51 AM/DISC: 10/11/2018 06:51 AM