Press Release

Solution Segment to Continue Dominating Global Risk-based Authentication Market until 2024

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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