Risk-based authentication is the type of advanced technology which uses various from factors from the user to determine whether they are dangerous or not. This is type of security which helps to identify the level of risk that can happen by given login attempt and offers users with authentication challenges for the risk level.
Rise in instances of cyber-attacks and data breaches in enterprises is the key driving factor which is expected to boost the global risk-based authentication market growth. Moreover, increase in demand for mobility solutions and Byod trend will have the positive impact on market growth. Also, rise in adoption of cloud based authentication solutions will drive the market growth during this forecast period. In addition to that, rise in number of IoT and connected devices will fuel the market growth.
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However, lack of knowledge about risk-based authentication solutions is the major restraining factor which is expected to hamper the global risk-based authentication market growth. Also, budget constraints among small and medium size enterprise will affect the market growth.
Global Risk-Based Authentication Market is segmented into deployment type such as Cloud, and On-Premise, by Implementation such as Cloud Application Security, and IoT Security. Further, market is segmented into end user such as Manufacturing, BFSI, Retail, Healthcare, Government, and IT & Telecommunication.
Also, Risk- Based Authentication is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as
By Deployment Type
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