Risk-based Authentication Market

Executive Summary

Risk-based Authentication Market was valued at US $3.84 billion in 2021 and is projected to grow at 19.01% CAGR over the forecast period to reach US $10.92 billion by 2027. Risk-based Authentication Market represented US $1.13 billion opportunity over 2019-2021 and estimated to create US $7.08 billion opportunity in 2027 over 2021.

Risk-based Authentication from Consainsights analyses the Risk-based Authentication Market in the Technology & Media industry over the forecast period to 2027.

Risk-based Authentication research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Risk-based Authentication segmentation includes Component, Technology Type, Application Area, Security Policy, Deployment Mode, Industry Vertical and Geography.

Based on the Component, the Risk-based Authentication analysis covers Solution, Services.

In Component segment, Services segment has highest cagr growth of 16.73%.

Based on the Technology Type, the Risk-based Authentication analysis covers Multi-Factor Authentication, Behavioral Biometrics, Web Access Management.

In Technology Type segment, Multi-Factor Authentication segment has highest cagr growth of 16.73%.

Based on the Application Area, the Risk-based Authentication analysis covers Fraud Prevention, Cloud Application Security, Iot Security, Others.

In Application Area segment, Fraud Prevention segment has highest cagr growth of 16.73%.

Based on the Security Policy, the Risk-based Authentication analysis covers Device-Based Policies, Attribute-Based Policies, Behavior-Based Policies, Resource-Based Policies, Network And Browser-Based Policies.

In Security Policy segment, Attribute-Based Policies segment has highest cagr growth of 16.73%.

Based on the Deployment Mode, the Risk-based Authentication analysis covers On-Premises, Cloud.

In Deployment Mode segment, undefined segment has highest cagr growth of 16.73%.

Based on the Industry Vertical, the Risk-based Authentication analysis covers Banking, Financial Services, And Insurance, Government, Healthcare, Manufacturing, Retail, Telecommunications, Others.

In Industry Vertical segment, Banking, Financial Services, And Insurance segment has highest cagr growth of 16.73%.

Based on the region, the Risk-based Authentication analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include IBM, CA Technologies, 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 and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Component

Introduction

In 2021, Solution segment has the highest revenue of US $1.86 billion and is expected to grow at CAGR of 16.73% by 2027 Services segment has highest cagr growth of 16.73%.

Solution

Solution segment was valued at US $1.31 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $5.29 billion by 2027. Solution segment represented US $0.55 billion opportunity over 2019-2021 and estimated to create US $3.43 billion opportunity in 2027 over 2021.

Services

Services segment was valued at US $0.73 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $2.95 billion by 2027. Services segment represented US $0.31 billion opportunity over 2019-2021 and estimated to create US $1.91 billion opportunity in 2027 over 2021.

Technology Type

Introduction

In 2021, Multi-Factor Authentication segment has the highest revenue of US $1.98 billion and is expected to grow at CAGR of 16.73% by 2027 Multi-Factor Authentication segment has highest cagr growth of 16.73%.

Multi-Factor Authentication

Multi-Factor Authentication segment was valued at US $1.40 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $5.63 billion by 2027. Multi-Factor Authentication segment represented US $0.58 billion opportunity over 2019-2021 and estimated to create US $3.65 billion opportunity in 2027 over 2021.

Behavioral Biometrics

Behavioral Biometrics segment was valued at US $0.71 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $2.86 billion by 2027. Behavioral Biometrics segment represented US $0.30 billion opportunity over 2019-2021 and estimated to create US $1.86 billion opportunity in 2027 over 2021.

Web Access Management

Web Access Management segment was valued at US $0.60 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $2.43 billion by 2027. Web Access Management segment represented US $0.25 billion opportunity over 2019-2021 and estimated to create US $1.57 billion opportunity in 2027 over 2021.

Application Area

Introduction

In 2021, Fraud Prevention segment has the highest revenue of US $1.35 billion and is expected to grow at CAGR of 16.73% by 2027 Fraud Prevention segment has highest cagr growth of 16.73%.

Fraud Prevention

Fraud Prevention segment was valued at US $0.95 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $3.82 billion by 2027. Fraud Prevention segment represented US $0.40 billion opportunity over 2019-2021 and estimated to create US $2.48 billion opportunity in 2027 over 2021.

Cloud Application Security

Cloud Application Security segment was valued at US $0.87 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $3.49 billion by 2027. Cloud Application Security segment represented US $0.36 billion opportunity over 2019-2021 and estimated to create US $2.26 billion opportunity in 2027 over 2021.

Iot Security

Iot Security segment was valued at US $0.56 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $2.25 billion by 2027. Iot Security segment represented US $0.23 billion opportunity over 2019-2021 and estimated to create US $1.46 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.34 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $1.37 billion by 2027. Others segment represented US $0.14 billion opportunity over 2019-2021 and estimated to create US $0.88 billion opportunity in 2027 over 2021.

Security Policy

Introduction

In 2021, Device-Based Policies segment has the highest revenue of US $1.72 billion and is expected to grow at CAGR of 16.73% by 2027 Attribute-Based Policies segment has highest cagr growth of 16.73%.

Device-Based Policies

Device-Based Policies segment was valued at US $1.21 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $4.88 billion by 2027. Device-Based Policies segment represented US $0.50 billion opportunity over 2019-2021 and estimated to create US $3.16 billion opportunity in 2027 over 2021.

Attribute-Based Policies

Attribute-Based Policies segment was valued at US $0.58 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $2.35 billion by 2027. Attribute-Based Policies segment represented US $0.24 billion opportunity over 2019-2021 and estimated to create US $1.52 billion opportunity in 2027 over 2021.

Behavior-Based Policies

Behavior-Based Policies segment was valued at US $0.48 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $1.92 billion by 2027. Behavior-Based Policies segment represented US $0.20 billion opportunity over 2019-2021 and estimated to create US $1.24 billion opportunity in 2027 over 2021.

Resource-Based Policies

Resource-Based Policies segment was valued at US $0.30 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $1.22 billion by 2027. Resource-Based Policies segment represented US $0.13 billion opportunity over 2019-2021 and estimated to create US $0.79 billion opportunity in 2027 over 2021.

Network And Browser-Based Policies

Network And Browser-Based Policies segment was valued at US $0.14 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $0.56 billion by 2027. Network And Browser-Based Policies segment represented US $0.06 billion opportunity over 2019-2021 and estimated to create US $0.36 billion opportunity in 2027 over 2021.

Deployment Mode

Introduction

In 2021, On-Premises segment has the highest revenue of US $1.61 billion and is expected to grow at CAGR of 16.73% by 2027 undefined segment has highest cagr growth of 16.73%.

On-Premises

On-Premises segment was valued at US $1.14 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $4.58 billion by 2027. On-Premises segment represented US $0.47 billion opportunity over 2019-2021 and estimated to create US $2.97 billion opportunity in 2027 over 2021.

Cloud

Cloud segment was valued at US $0.90 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $3.64 billion by 2027. Cloud segment represented US $0.38 billion opportunity over 2019-2021 and estimated to create US $2.36 billion opportunity in 2027 over 2021.

Industry Vertical

Introduction

In 2021, Banking, Financial Services, And Insurance segment has the highest revenue of US $1.46 billion and is expected to grow at CAGR of 16.73% by 2027 Banking, Financial Services, And Insurance segment has highest cagr growth of 16.73%.

Banking, Financial Services, And Insurance

Banking, Financial Services, And Insurance segment was valued at US $1.03 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $4.14 billion by 2027. Banking, Financial Services, And Insurance segment represented US $0.43 billion opportunity over 2019-2021 and estimated to create US $2.68 billion opportunity in 2027 over 2021.

Government

Government segment was valued at US $0.67 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $2.68 billion by 2027. Government segment represented US $0.28 billion opportunity over 2019-2021 and estimated to create US $1.74 billion opportunity in 2027 over 2021.

Healthcare

Healthcare segment was valued at US $0.42 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $1.70 billion by 2027. Healthcare segment represented US $0.18 billion opportunity over 2019-2021 and estimated to create US $1.10 billion opportunity in 2027 over 2021.

Manufacturing

Manufacturing segment was valued at US $0.27 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $1.08 billion by 2027. Manufacturing segment represented US $0.11 billion opportunity over 2019-2021 and estimated to create US $0.70 billion opportunity in 2027 over 2021.

Retail

Retail segment was valued at US $0.14 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $0.57 billion by 2027. Retail segment represented US $0.06 billion opportunity over 2019-2021 and estimated to create US $0.37 billion opportunity in 2027 over 2021.

Telecommunications

Telecommunications segment was valued at US $0.11 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $0.43 billion by 2027. Telecommunications segment represented US $0.04 billion opportunity over 2019-2021 and estimated to create US $0.28 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.08 billion in 2019 and is projected to grow at 16.73% CAGR over the forecast period to reach US $0.33 billion by 2027. Others segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.21 billion opportunity in 2027 over 2021.