Increasing trend of Bring
your Own Device (BYOD) and surging cyber-attacks to drive global risk-based
authentication market through 2024
According
to TechSci Research report, “Global Risk-based Authentication Market By Component, By
Technology, By Security Policies, By Deployment, By Application, By End-User,
By Region, Competition, Forecast & Opportunities, 2024”, global risk-based authentication market is projected to grow
at a CAGR of over 18.8% during forecast period on account of increasing cyber-attacks,
growing demand of bring your own device (BYOD)
and rising adoption of cloud-based risk-based authentication solutions. Moreover,
growing strict regulations & compliance and rise in the number of IoT and
connected devices is further driving global risk-based authentication market. Moreover,
increasing trend of BYOD systems at work environment and surge in the number of
cyber-attacks and information breaks against organizations is further promoting
the growth of global risk-based authentication market.
Browse 20 market data Tables and 115 Figures
spread through 110 Pages and an in-depth TOC on "Global
Risk-based Authentication Market"
Global
risk-based authentication market can be segmented based on component, technology,
security policies, deployment, application and end-user. On the basis of
component, global risk-based authentication market can be categorized into
solution and services, of which solution is expected to be the major segment during
forecast period as it provides automated critical identity-based authentication
controls to organizations. Among deployment type, cloud segment is expected to grow at
the fastest pace during the forecast period as organizations can save costs on
hardware, software and storage by using cloud-based solutions. Global risk-based
authentication market caters to various end users such as government, BFSI, retail,
healthcare and others, etc. BFSI dominated the market in 2018 and is expected to
maintain its dominance through 2024 as well. However, other end users like government,
healthcare, retail, etc., are expected to witness swift growth in global
risk-based authentication market during forecast period. North America
acquired the dominant position in global risk-based authentication market owing
to the presence of major risk-based authentication vendors offering
technologically advanced solutions in the region.
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International Business Machines
Corporation, Micro Focus International plc, CA, Inc., RSA Security LLC, Okta,
Inc., are some of the leading companies operating in global risk-based
authentication market. Companies operating in the market are using organic strategies such as
product launches, and mergers and collaborations in order to register positive
growth in the market. IBM offers risk-based authentication solutions by
bringing together IBM Trusteer Pinpoint Detect and IBM Security Access Manager.
The solution assesses high-risk factors, analyzes session information and provides
protection against fraudulent transactions.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Risk-based Authentication Market By
Component, By Technology, By Security Policies, By Deployment, By Application,
By End-User, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of risk-based
authentication market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decision. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global risk-based
authentication market.
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