Market Overview:
The global risk-based authentication services market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing adoption of risk-based authentication services by various end users, such as banking, financial services and insurance (BFSI), government, healthcare, manufacturing, retail and telecommunication sectors. Additionally, the managed service segment is expected to witness higher growth than professional service segment during the forecast period. North America is expected to hold the largest share of the global risk-based authentication services market in 2018 followed by Europe and Asia Pacific region.
Product Definition:
Risk-based authentication services are a type of security service that helps organizations to identify and assess the risks associated with their users and devices. By identifying high-risk users and devices, risk-based authentication services can help organizations to better protect their systems and data from potential attacks.
Managed Services:
Managed services are a set of professional services offered to enterprises by IT support service providers. These services help enterprises in managing their IT infrastructure and its day-to-day operations. The primary benefit for an enterprise is that it reduces the burden on the company’s internal resources for providing support, thus saving time and money.
Professional Services:
Professional services are the set of tools and techniques that help in risk-based authentication for online transactions. It helps organizations to strengthen their security by using multiple authentication sources, which include behavioral, demographic data, biometrics and other factors. The service is used in various applications such as e-commerce websites where customers want to buy products; however they need some additional information such as shipping address and billing information.
Application Insights:
The banking, financial services, and insurance (BFSI) segment dominated the global risk-based authentication services market in 2017. The growth can be attributed to the increasing cyberattacks that lead to data breaches and frauds. In such cases, organizations need to ensure customer safety by implementing robust authentication procedures for online transactions. Thus, BFSI sector is expected to dominate the market throughout the forecast period owing to various factors such as high exposure towards frauds and data breaches due to a large number of online transactions taking place across various channels including mobile payments & e-wallets.
The healthcare segment is anticipated register a significant CAGR over the forecast period owing to an increase in fraudulent attacks leading from phishing emails or links sent through social media platforms etc., which forces organizations operating in this sector adopt risk based approach for authenticating user identity during online transaction via integrating with third party authenticator service providers like RSA Security Inc., Microsoft Corporation/ Dynamics NAV or others.
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to high demand for BSA services in various sectors, such as healthcare and manufacturing. The Asia Pacific region is projected to witness significant growth over the next eight years due to increasing government initiatives and investments in infrastructure development. Furthermore, rising number of cyber-attacks globally has led governments worldwide to increase spending on risk-based authentication solutions, thereby driving market growth.
The Middle East & Africa (MEA) region is anticipated to grow at a lucrative rate during the forecast period owing with growing penetration of internet users and mobile phone subscribers. Moreover, increasing adoption of cloud technology by service providers offers tremendous opportunities for BSA solution vendors operating across this region; thus fueling overall revenue generation from 2018 till 2030 time span.
Growth Factors:
- Increasing demand for risk-based authentication services from small and medium businesses (SMBs) due to the increasing number of cyber threats targeting these businesses.
- The growing adoption of cloud-based services, which increases the vulnerability of organizations to cyber attacks, is expected to drive the demand for risk-based authentication services in the coming years.
- The increasing use of mobile devices and BYOD policies in organizations is also expected to boost the demand for risk-based authentication solutions in the next few years.
- The need to comply with government regulations such as PCI DSS and HIPAA is also driving the growth of this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Risk-based Authentication Services Market Research Report
By Type
Managed Services, Professional Services
By Application
Banking, Financial Services, and Insurance (BFSI), Government, Healthcare, Manufacturing, Retail, Telecommunication, Others
By Companies
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, Evidian, Identity Automation, Nopassword, Silverfort, Iovation, Ezmcom
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Risk-based Authentication Services Market Report Segments:
The global Risk-based Authentication Services market is segmented on the basis of:
Types
Managed Services, Professional Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Financial Services, and Insurance (BFSI), Government, Healthcare, Manufacturing, Retail, Telecommunication, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report 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
- Evidian
- Identity Automation
- Nopassword
- Silverfort
- Iovation
- Ezmcom
Highlights of The Risk-based Authentication Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Managed Services
- Professional Services
- By Application:
- Banking, Financial Services, and Insurance (BFSI)
- Government
- Healthcare
- Manufacturing
- Retail
- Telecommunication
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Risk-based Authentication Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Risk-based authentication services are a type of authentication service that uses risk assessment to determine which users should have access to specific resources. This approach is often used in organizations that need to protect sensitive data from unauthorized access, such as financial institutions and government agencies.
Some of the major players in the risk-based authentication services market 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, Evidian, Identity Automation, Nopassword, Silverfort, Iovation, Ezmcom.
The risk-based authentication services market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Risk-based Authentication Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Risk-based Authentication Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Risk-based Authentication Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Risk-based Authentication Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Risk-based Authentication Services Market Size & Forecast, 2018-2028
4.5.1 Risk-based Authentication Services Market Size and Y-o-Y Growth
4.5.2 Risk-based Authentication Services Market Absolute $ Opportunity
Chapter 5 Global Risk-based Authentication Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Risk-based Authentication Services Market Size Forecast by Type
5.2.1 Managed Services
5.2.2 Professional Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Risk-based Authentication Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Risk-based Authentication Services Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Financial Services
6.2.3 and Insurance (BFSI)
6.2.4 Government
6.2.5 Healthcare
6.2.6 Manufacturing
6.2.7 Retail
6.2.8 Telecommunication
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Risk-based Authentication Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Risk-based Authentication Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Risk-based Authentication Services Analysis and Forecast
9.1 Introduction
9.2 North America Risk-based Authentication Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Risk-based Authentication Services Market Size Forecast by Type
9.6.1 Managed Services
9.6.2 Professional Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Risk-based Authentication Services Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Financial Services
9.10.3 and Insurance (BFSI)
9.10.4 Government
9.10.5 Healthcare
9.10.6 Manufacturing
9.10.7 Retail
9.10.8 Telecommunication
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Risk-based Authentication Services Analysis and Forecast
10.1 Introduction
10.2 Europe Risk-based Authentication Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Risk-based Authentication Services Market Size Forecast by Type
10.6.1 Managed Services
10.6.2 Professional Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Risk-based Authentication Services Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Financial Services
10.10.3 and Insurance (BFSI)
10.10.4 Government
10.10.5 Healthcare
10.10.6 Manufacturing
10.10.7 Retail
10.10.8 Telecommunication
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Risk-based Authentication Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Risk-based Authentication Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Risk-based Authentication Services Market Size Forecast by Type
11.6.1 Managed Services
11.6.2 Professional Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Risk-based Authentication Services Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Financial Services
11.10.3 and Insurance (BFSI)
11.10.4 Government
11.10.5 Healthcare
11.10.6 Manufacturing
11.10.7 Retail
11.10.8 Telecommunication
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Risk-based Authentication Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Risk-based Authentication Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Risk-based Authentication Services Market Size Forecast by Type
12.6.1 Managed Services
12.6.2 Professional Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Risk-based Authentication Services Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Financial Services
12.10.3 and Insurance (BFSI)
12.10.4 Government
12.10.5 Healthcare
12.10.6 Manufacturing
12.10.7 Retail
12.10.8 Telecommunication
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Risk-based Authentication Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Risk-based Authentication Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Risk-based Authentication Services Market Size Forecast by Type
13.6.1 Managed Services
13.6.2 Professional Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Risk-based Authentication Services Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Financial Services
13.10.3 and Insurance (BFSI)
13.10.4 Government
13.10.5 Healthcare
13.10.6 Manufacturing
13.10.7 Retail
13.10.8 Telecommunication
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Risk-based Authentication Services Market: Competitive Dashboard
14.2 Global Risk-based Authentication Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Broadcom
14.3.3 Micro Focus
14.3.4 Okta
14.3.5 Gemalto
14.3.6 Vasco Data Security
14.3.7 Secureauth
14.3.8 Rsa Security
14.3.9 Entrust Datacard
14.3.10 Lexisnexis
14.3.11 Gurucul
14.3.12 Equifax
14.3.13 Ping Identity
14.3.14 Forgerock
14.3.15 Onelogin
14.3.16 Centrify
14.3.17 Crossmatch
14.3.18 Biocatch
14.3.19 Oracle
14.3.20 Evidian
14.3.21 Identity Automation
14.3.22 Nopassword
14.3.23 Silverfort
14.3.24 Iovation
14.3.25 Ezmcom
