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Risk-based Authentication: Worldwide Market Outlook (2018-2023) - CAGR Expected to Grow at 19.8% - ResearchAndMarkets.com

October 11, 2018

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.

Market Dynamics

Drivers

Increasing Instances of Cyber-Attacks and Data Breaches in Enterprises Rising Demand for Mobility Solutions and BYOD Trend Growing Stringent Regulations and Compliances

Restraints

Budget Constraints Among SMEs Lack of Knowledge About Risk-Based Authentication Solutions

Opportunities

Increasing 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

Challenges

Lack of Skilled Security Professionals and Preplanning in Enterprises

Key Topics Covered

1 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 Profiles

BiocatchCA 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

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/11/2018 06:51 AM/DISC: 10/11/2018 06:51 AM

http://www.businesswire.com/news/home/20181011005360/en

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