Global Risk-based Authentication (MFA, Behavioral Biometrics, Web Access Management) Market 2018-2023
DUBLIN, Oct 11, 2018 /PRNewswire/ --
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 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.
The major growth drivers for the market include increasing instances of cyber-attacks and enterprise data breaches, and rising demand for mobility solutions and BYOD trend.
The report segments the global risk-based authentication market by component, technology type, application area, security policy, deployment mode, industry vertical, and region. The solution component in the risk-based authentication market is estimated to hold a larger market size in 2018, as it enables companies to identify and authenticate legitimate customers and protect customers' data from fraudulent activities. Furthermore, the solution component is also expected to grow at a higher CAGR than services during the forecast period.
Enterprises mostly adopt the cloud-based solutions, and the cloud deployment mode is expected to grow at a higher CAGR than that of the on-premises deployment mode during the forecast period. Some of the highly regulated industry verticals, such as Banking, Financial Services and Insurance (BFSI) and government sector, in the major economies, are mostly deploying on-premises-based solutions, but these industry verticals are also expected to migrate to cloud-based risk-based authentication solutions in the coming years.
Enterprises across major industry verticals deploy risk-based authentication solutions. The healthcare industry vertical is expected to grow at the highest CAGR during the forecast period, as advanced risk-based authentication solutions help healthcare providers manage and validate their users' identities. However, the BFSI industry vertical is estimated to have the largest market size in 2018, which is fueled by high investments in the BFSI infrastructure to provide a secure and seamless user experience.
To provide a region-specific analysis, the report covers 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is estimated to be the largest revenue generating region for risk-based authentication vendors in 2018, followed by Europe. In the US, increasing number of identity thefts target businesses.
Hence, the increasing need to meet compliance requirements for ensuring user identity protection act as a driving factor for the adoption of risk-based authentication solutions in the country. APAC is expected to be the growing region with the highest CAGR in the risk-based authentication market, owing to the high adoption of risk-based authentication solutions in the high-growth APAC countries, such as China, India, Australia, Japan, and Singapore.
Budget constraints among SMEs and lack of knowledge about risk-based authentication solutions may restrain the growth of risk-based authentication market.
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/w6zll9/global_riskbased?w=5
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
Media Contact:
Research and Markets Laura Wood, Senior Manager [email protected]
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
View original content:http://www.prnewswire.com/news-releases/global-risk-based-authentication--mfa-behavioral-biometrics-web-access-management-market-2018-2023-300729401.html
SOURCE Research and Markets
[ Back To TMCnet.com's Homepage ]
|