The risk-based authentication market was valued at US$2.142 billion in 2019 and is expected to grow at a CAGR of 14.28% over the forecast period to reach a market size of US$4.770 billion by 2025. Growing investments by the end-users into improving the security of their systems is driving the adoption of advanced technologies by them. The rising incidence of security breaches is further fueling this need among the end-users, thus driving the market for risk-based authentication solutions. The rapid growth of the communication and technology industry is a major factor driving the growth of this market and it is expected to remain a major driving force for this market throughout the forecast period.
To give a clearer view of the market, it has been segmented into the offering, enterprise size, end-user industry, and geography. By offering, the market has been segmented into software and services. By enterprise size, the market has been segmented into small, medium, and large enterprises. By application, the market has been segmented into cloud application security, IoT security, and others. By end-user industry, the market has been segmented into communication and technology, retail, BFSI, government, healthcare, and others. By geography, the market has been segmented into North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific. The regional markets have been further segmented into countries that hold a significant share in this market.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the risk-based authentication value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the market.
Major industry players profiled as part of the report are IBM, CA Technologies, Micro Focus, Okta, Gemalto, Vasco Data Security, SecureAuth, RSA Security, Entrust Datacard, LexisNexis, Equifax, Ping Identity, and Oracle among others.
|Market size value in 2019||US$2.142 billion|
|Market size value in 2025||US$4.770 billion|
|Growth Rate||CAGR of 14.28% from 2019 to 2025|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Offering, Enterprise Size, Application, End-User Industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||miniOrange Inc., IBM, CA Technologies, Micro Focus, Okta, Gemalto, Vasco Data Security, SecureAuth, RSA Security, Entrust Datacard, LexisNexis, Equifax, Ping Identity, Forgerock, Oracle|
|Customization scope||Free report customization with purchase.|
The risk-based authentication market is segmented by offering, enterprise size, application, end-user industry, and geography.
By Enterprise Size
Cloud Application Security
By End-User Industry
Communication and Technology
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the risk-based authentication market size by 2025?
A1. The risk-based authentication market is expected to reach a market size of US$4.770 billion by 2025.
Q2. What is the size of the risk-based authentication market?
A2. Risk-Based Authentication Market was valued at US$2.142 billion in 2019.
Q3. What are the growth prospects for the risk-based authentication market?
A3. The risk-based authentication market is expected to grow at a CAGR of 14.28% over the forecast period.
Q4. What factors are anticipated to drive the risk-based authentication market growth?
A4. The rapid growth of the communication and technology industry is a major factor driving the growth of this market and it is expected to remain a major driving force for this market throughout the forecast period.
Q5. Who are the major players in the risk-based authentication market report?
A5. Major industry players profiled as part of the report are IBM, CA Technologies, Micro Focus, Okta, Gemalto, Vasco Data Security, SecureAuth, RSA Security, Entrust Datacard, LexisNexis, Equifax, Ping Identity, and Oracle among others.
2. Research Methodology
2.1. Research Process And Design
2.2. Research Assumptions
3. Executive Summary
4. Market Dynamics
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power Of Suppliers
4.5.2. Bargaining Power Of Buyers
4.5.3. Threat Of New Entrants
4.5.4. Threat Of Substitutes
4.5.5. Competitive Rivalry In The Industry
4.6. Life Cycle Analysis- Regional Snapshot
4.7. Market Attractiveness
5. Risk-Based Authentication Market by Offering
6. Risk-Based Authentication Market by Enterprise Size
7. Risk-Based Authentication Market by Application
7.1. Cloud Application Security
7.2. IoT Security
8. Risk-Based Authentication Market by End-User Industry
8.1. Communication and Technology
9. Risk-Based Authentication Market by Geography
9.1. North America
9.1.1. United States
9.2. South America
9.4. Middle East and Africa
9.4.1. Saudi Arabia
9.5. Asia Pacific
10. Competitive Intelligence
10.1. Investment Analysis
10.2. Recent Deals
10.3. Strategies of Key Players
11. Company Profiles
11.1. miniOrange Inc.
11.3. CA Technologies
11.4. Micro Focus
11.7. Vasco Data Security
11.9. RSA Security
11.10. Entrust Datacard
11.13. Ping Identity
List of Figures
List of Tables
Vasco Data Security
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