Risk-based Authentication Market – Global Industry Analysis and Forecast (2023-2029)


Risk-based Authentication Market was worth US$ 2.93 Bn in 2022 and total revenue is expected to grow at a rate of 15 % CAGR from 2023 to 2029, reaching almost US$ 7.80 Bn in 2029.

Risk-based Authentication Market Overview:

RBA, sometimes called as flexible authentication, is a character and access innovation currently in development. It considers a variety of criteria, including the client's behavior, the devices they use, and other considerations, to determine whether the client is at danger. They provide a variety of benefits to businesses, including lower equipment costs, increased profitability for remote workers, and a satisfied client base. However, the increased popularity of these connected devices has resulted in a variety of security and information breaches, as well as unreliable use leading to data breaches and cyber-attacks. As a result, companies all over the world are adopting risk-based authentication systems to combat the growing threat of cyber-attacks.Global Risk-based Authentication MarketTo know about the Research Methodology :- Request Free Sample Report

Risk-based Authentication Market Dynamics:

The telecommunications and technology industry's rapid growth is a major element driving this market's growth, and it is likely to be one of the main drivers during the forecast period. Risk-based authentication is an optimization technique that assesses the risk by examining many Developments of user factors. Due to the increasing growth of banking and online transactions, the danger of potential fraud and personal information exposure has increased significantly. Any carryout transaction is increasingly being sent via mobile and e-banking channels, which opens the door to cyber criminals attempting to steal money from customers' accounts.

By not properly understanding the benefits of risk-based authentication solutions, many SEMS and open segment associations limit market development. The market is hampered by a lack of understanding of the results of risk-based certification and financial limits for small and medium enterprises.

End-user investments in advanced technologies are being made to improve system security. It is a sort of security that aids in determining the level of risk posed by a specific login attempt and presents the user with authentication issues appropriate to the level of risk. These are the opportunity for risk based authentication market.

Risk-based Authentication Market Segment Analysis:

Global Risk-based Authentication Market is segmented into Component, Development and Application.

Based on Component, the market is segmented into Solution, Service, Managed services, Professional services.

In terms of revenue share, the solution segment is expected to dominate the market. This is a factor that is expected to drive the expansion of the solution market, as organisations use risk-based authentication solutions to prevent identity theft and other new cyber threats.

Based on Development, the market is segmented into on premises and Cloud.

In terms of revenue, the cloud segment dominates the market. Small and medium-sized businesses are increasingly adopting this form of development since it allows them to focus on their core technology rather than financing their security infrastructure.

In support of this, businesses are increasingly moving to automation solutions to speed up workflow and analyses work processes, allowing them to improve areas where the company's success is hindered. As a result, traditional storage and analytics have given way to cloud-based infrastructure and storage solutions. According to Kaspersky Lab, around 75% of businesses will migrate apps to the cloud in the near future.

Based on Application, the market is segmented into Retails, BFSI, Manufacturing, Government, Medical and IT.

Risk-based authentication is being recommended by governments all around the world. In the United States, for example, the Defense Federal Acquisition Regulation Supplement (DFARS) mandated the implementation of multifactor authentication for all local and remote accounts linked with users who access classified and unclassified material in its directive.

The use of online portals for banking and financial services is fast rising, demanding improved authentication to protect the important data of customers affiliated with the banking institution. As a result of the rapid growth of banking and online transactions, the danger of fraud and potential personal information exposure has increased dramatically. Every day, more people utilize mobile and e-banking channels to transfer money and conduct transactions, which makes it easier for cyber thieves to gain access to a user's account and steal money.Global Risk-based Authentication Market

Risk-based Authentication Market Regional Insights:

As the most significant contributor to the region's market, the North American region dominated the United States market. In order to execute their daily operations, businesses in the region are becoming increasingly reliant on computer networks and electronic data. Personal and financial data is being shared and kept in ever-increasing amounts online. This is due to the region's populous nature in terms of organizational data when compared to other regions. Furthermore, the United States currently leads the world in cloud computing and analytics adoption, and this trend is expected to continue in 2021. Companies are increasingly using robust authentication solutions as the incidence of data breaches rises across various industries. For example, the White House Council of Economic Advisers estimates that the US economy will lose between USD $ 57 billion and USD $ 109 billion per year as a result of risky cyber operations.

In addition, governments in the region have promoted for the use of various authentication methods. For example, the US government granted federal agencies the option to employ alternate authentication mechanisms to fill service gaps and meet their objectives in April 2020. For PIV eligible personnel, agencies can undertake a risk assessment and offer an alternate credential or authenticator. This is expected to increase demand for the market under consideration.

The objective of the report is to present a comprehensive analysis of the global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Risk-based Authentication Market dynamics, structure by analyzing the market segments and projects the global Risk-based Authentication Market size. Clear representation of competitive analysis of key players by Component, price, and financial position, Component portfolio, growth strategies, and
Regional presence in the global Risk-based Authentication Market make the report investor’s guide.

Risk-based Authentication Market Scope: Inquire before buying






Global Risk-based Authentication Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2017 to 2022
Market Size in 2022:
US $ 2.93 Bn.




Forecast Period 2023 to 2029 CAGR:
15%
Market Size in 2029:
US $ 7.80 Bn.




 Segments Covered:
by Component
• Solution
• Service
• Managed services
• Professional services




by Development
• on premises
• Cloud




by Application
• Retails
•  BFSI
• Manufacturing
•  Government
• Medical
•  IT






Risk-based Authentication Market, by Region

• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)

Risk-based Authentication Market Key Players are:

• IBM
• Broadcom
• Micro Focus
• Okta
• Gemalto
• Vasco Data Security
• Secureauth
• Rsa Security
• Entrust Datacard
• Lexisnexis
• Gurucul
• Equifax
• Ping Identity
• Forgerock
• Onelogin
• Centrify
• Crossmatch
• Biocatch
• Oracle

Frequently Asked Questions:

1) What was the market size of Global Risk-based Authentication Market markets in 2022?
Ans - Global Risk-based Authentication Market was worth US$ 2.93 Bn in 2022.

2) What is the market segment of Global Risk-based Authentication Market markets?
Ans -The market segments are based on Material of Component, Development and Application.

3) What is forecast period consider for Global Risk-based Authentication Market markets market?
Ans -The forecast period for Global Risk-based Authentication Market is 2023 to 2029.

4) Which are the worldwide major key players covered for Global Risk-based Authentication Market report?
Ans – IBM, Broadcom, Micro Focus, Okta, Gemalto, Vasco Data Security, Secureauth, Rsa Security, Entrust Datacard, Lexisnexis, Gurucul, Equifax, Ping Identity, Forgerock, Onelogin, Centrify, Crossmatch, Biocatch, Oracle.

5) Which region is dominated in Global Risk-based Authentication Market?
Ans -In 2022, North America region dominated the Global Risk-based Authentication market 




1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Risk-based Authentication Market Size, by Market Value (US$ Bn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2020
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Risk-based Authentication Market
3.4. Geographical Snapshot of the Risk-based Authentication Market , By Manufacturer share
4. Global Risk-based Authentication Market Overview, 2023-2029
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Global
4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.2. Restraints
4.1.2.1. Global
4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.3. Opportunities
4.1.3.1. Global
4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.4. Challenges
4.1.4.1. Global
4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.5. Industry Trends and Emerging Technologies
4.1.6. Porters Five Forces Analysis
4.1.6.1. Threat of New Entrants
4.1.6.2. Bargaining Component of Buyers/Consumers
4.1.6.3. Bargaining Component of Suppliers
4.1.6.4. Threat of Substitute Component
4.1.6.5. Intensity of Competitive Rivalry
4.1.7. Value Chain Analysis
4.1.8. Technological Roadmap
4.1.9. Regulatory landscape
4.1.10. Impact of the Covid-16 Pandemic on the Global Risk-based Authentication Market
5. Supply Side and Demand Side Indicators
6. Global Risk-based Authentication Market Analysis and Forecast, 2023-2029
6.1. Global Risk-based Authentication Market Size & Y-o-Y Growth Analysis.
7. Global Risk-based Authentication Market Analysis and Forecasts, 2023-2029
7.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
7.1.1. Solution
7.1.2. Service
7.1.3. Managed services
7.1.4. Professional services
7.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
7.2.1. on premises
7.2.2. Cloud
7.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
7.3.1. Retails
7.3.2. BFSI
7.3.3. Manufacturing
7.3.4. Government
7.3.5. Medical
7.3.6. IT
8. Global Risk-based Authentication Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2029
8.1.1. North America
8.1.2. Europe
8.1.3. Asia-Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9. North America Risk-based Authentication Market Analysis and Forecasts, 2023-2029
9.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
9.1.1. Solution
9.1.2. Service
9.1.3. Managed services
9.1.4. Professional services
9.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
9.2.1. on premises
9.2.2. Cloud
9.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
9.3.1. Retails
9.3.2. BFSI
9.3.3. Manufacturing
9.3.4. Government
9.3.5. Medical
9.3.6. IT
10. North America Risk-based Authentication Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2029
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
11. U.S. Risk-based Authentication Market Analysis and Forecasts, 2023-2029
11.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
11.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
11.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
12. Canada Risk-based Authentication Market Analysis and Forecasts, 2023-2029
12.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
12.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
12.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
13. Mexico Risk-based Authentication Market Analysis and Forecasts, 2023-2029
13.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
13.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
13.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
14. Europe Risk-based Authentication Market Analysis and Forecasts, 2023-2029
14.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
14.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
14.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
15. Europe Risk-based Authentication Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2029
15.1.1. U.K
15.1.2. France
15.1.3. Germany
15.1.4. Italy
15.1.5. Spain
15.1.6. Sweden
15.1.7. CIS Countries
15.1.8. Rest of Europe
16. U.K. Risk-based Authentication Market Analysis and Forecasts, 2023-2029
16.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
16.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
16.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
17. France Risk-based Authentication Market Analysis and Forecasts, 2023-2029
17.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
17.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
17.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
18. Germany Risk-based Authentication Market Analysis and Forecasts, 2023-2029
18.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
18.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
18.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
19. Italy Risk-based Authentication Market Analysis and Forecasts, 2023-2029
19.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
19.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
19.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
20. Spain Risk-based authentication Market Analysis and Forecasts, 2023-2029
20.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
20.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
20.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
21. Sweden Risk-based authentication Market Analysis and Forecasts, 2023-2029
21.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
21.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
21.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
22. CIS Countries Risk-based authentication Market Analysis and Forecasts, 2023-2029
22.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
22.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
22.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
23. Rest of Europe Risk-based Authentication Market Analysis and Forecasts, 2023-2029
23.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
23.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
23.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
24. Asia Pacific Risk-based Authentication Market Analysis and Forecasts, 2023-2029
24.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
24.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
24.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
25. Asia Pacific Risk-based authentication Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2029
25.1.1. China
25.1.2. India
25.1.3. Japan
25.1.4. South Korea
25.1.5. Australia
25.1.6. ASEAN
25.1.7. Rest of Asia Pacific
26. China Risk-based Authentication Market Analysis and Forecasts, 2023-2029
26.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
26.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
26.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
27. India Risk-based authentication Market Analysis and Forecasts, 2023-2029
27.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
27.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
27.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
28. Japan Risk-based authentication Market Analysis and Forecasts, 2023-2029
28.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
28.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
28.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
29. South Korea Risk-based authentication Market Analysis and Forecasts, 2023-2029
29.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
29.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
29.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
30. Australia Risk-based authentication Market Analysis and Forecasts, 2023-2029
30.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
30.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
30.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
31. ASEAN Risk-based authentication Market Analysis and Forecasts, 2023-2029
31.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
31.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
31.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
32. Rest of Asia Pacific Risk-based authentication Market Analysis and Forecasts, 2023-2029
32.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
32.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
32.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
33. Middle East Africa Risk-based authentication Market Analysis and Forecasts, 2023-2029
33.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
33.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
33.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
34. Middle East Africa Risk-based Authentication Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2029
34.1.1. South Africa
34.1.2. GCC Countries
34.1.3. Egypt
34.1.4. Nigeria
34.1.5. Rest of ME&A
35. South Africa Risk-based authentication Market Analysis and Forecasts, 2023-2029
35.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
35.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
35.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
36. GCC Countries Risk-based authentication Market Analysis and Forecasts, 2023-2029
36.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
36.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
36.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
37. Egypt Risk-based authentication Market Analysis and Forecasts, 2023-2029
37.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
37.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
37.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
38. Nigeria Risk-based authentication Market Analysis and Forecasts, 2023-2029
38.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
38.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
38.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
39. Rest of ME&A Risk-based authentication Market Analysis and Forecasts, 2023-2029
39.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
39.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
39.3. Market Size (Value) Estimates & Forecast By Application, 2020-202
40. South America Risk-based authentication Market Analysis and Forecasts, 2023-2029
40.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
40.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
40.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
41. South America Risk-based authentication Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2029
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America
42. Brazil Risk-based authentication Market Analysis and Forecasts, 2023-2029
42.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
42.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
42.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
43. Argentina Risk-based authentication Market Analysis and Forecasts, 2023-2029
43.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
43.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
43.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
44. Rest of South America Risk-based authentication Market Analysis and Forecasts, 2023-2029
44.1. Market Size (Value) Estimates & Forecast By Component, 2023-2029
44.2. Market Size (Value) Estimates & Forecast By Development, 2023-2029
44.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029
45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Global Risk-based Authentication Market.
45.2. Competition Matrix
45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Functionalities and R&D Investment
45.2.2. New Component Launches and Component Enhancements
45.2.3. Market Consolidation
45.2.3.1. M&A by Regions, Investment and Verticals
45.2.3.2. M&A, Forward Integration and Backward
Integration
45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
45.3. Company Profile : Key Players
45.3.1. IBM
45.3.1.1. Company Overview
45.3.1.2. Financial Overview
45.3.1.3. Geographic Footprint
45.3.1.4. Component Portfolio
45.3.1.5. Business Strategy
45.3.1.6. Recent Wavelengths
45.3.2. Broadcom
45.3.3. Micro Focus
45.3.4. Okta
45.3.5. Gemalto
45.3.6. Vasco Data Security
45.3.7. Secureauth
45.3.8. Rsa Security
45.3.9. Entrust Datacard
45.3.10. Lexisnexis
45.3.11. Gurucul
45.3.12. Equifax
45.3.13. Ping Identity
45.3.14. Forgerock
45.3.15. Onelogin
45.3.16. Centrify
45.3.17. Crossmatch
45.3.18. Biocatch
45.3.19. Oracle
45. Primary Key Insights
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