In a recent research report by Maximize Market Research, the Global Risk-based authentication Market is expected to surpass US $ 5.91 Bn by the year 2027, from US $ 2.22Bn in 2020.
For a long time, passwords have been the standard method of authentication. Hackers, on the other hand, frequently use this one point of entry to gain access to the records of customers and businesses, resulting in billion-dollar losses for these institutions. According to a recent Verizon survey, compromised identities are the leading cause of security breaches. According to survey data supplied by the Identity Theft Resource Centre, the number of data breaches in the United States alone amounted to USD $ 1,473 in 2018, with more than USD $ 164.68 million records exposed.
Because of the vulnerability of data, a gradual growth in the deployment of cloud data centres around the world is likely to enhance the demand for advanced authentication systems. According to Cisco Systems, cloud workloads accounted for roughly 91 % of all data centre workloads in 2019 and are expected to rise to 94 %in 2021.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 15%, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Substation Maintenance in the region, the Value – Chain analysis, and the PORTER’s analysis for the Substation Maintenance market at a global level.
The study is consolidated on the basis of segments and further into sub-segments, by Component (Solution, Service, Managed services, Professional services) by Development (on premises and Cloud) by Application (Retails, BFSI, Manufacturing, Government, Medical and IT)
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key Players- 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.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Risk-based Authentication Market.
https://www.maximizemarketresearch.com/market-report/global-risk-based-authentication-market/119609/
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