Market Overview:
The global risk-based authentication market reached a value of US$ 3.74 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.51 Billion by 2027 exhibiting a CAGR of 17.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Risk-based authentication (RBA) evaluates the IP address, browser, status of antivirus software, and physical location of a consumer to determine the risk associated with the request for accessing the system. It relies on real-time intelligence to assist organizations in maintaining internal and external compliance, such as the health insurance portability and accountability act (HIPPA), federal financial institutions examination council (FFIEC), and security operations center (SOC). Besides this, it also helps in tracking user activity and identifying suspicious behavior to ensure high security within the network.
Risk-based Authentication Market Trends:
At present, there is an increase in the utilization of online banking on account of real-time payment solutions and the convenience offered. This, coupled with surging cyber-attacks and data breaches to view, copy and steal confidential data of individuals, groups, private companies, and government organizations, represents one of the major factors propelling the market growth. In addition, the growing adoption of remote working culture due to the coronavirus disease (COVID-19) outbreak and consequent imposition of complete lockdown in numerous countries is driving the sales of RBA. Moreover, there is an increase in the trend of bring your own device (BYOD), which can be accredited to the rising sales of smartphones, tablets, and laptops. This, in turn, is offering lucrative growth opportunities to investors, end users and industry players. Apart from this, the application of RBA is expanding in the healthcare, government, and retail sectors for logging, monitoring systems and offering endpoint protection. Furthermore, key market players are focusing on product innovation and strategic partnerships with technology vendors to provide advanced RBA solutions and services to mitigate potential threats, which is projected to bolster the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global risk-based authentication market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment, application and end user vertical.
Breakup by Component:
Breakup by Deployment:
Breakup by Application:
- Fraud Prevention
- Cloud Application Security
- IoT Security
- Others
Breakup by End User Vertical:
- Banking and Financial Services
- Retail
- IT and Telecommunication
- Government
- Healthcare
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Broadcom Inc., Centrify, Equifax Inc., ForgeRock, Gurucul, HID Global (Assa Abloy AB), International Business Machines Corporation, Micro Focus International plc, Okta Inc., Oracle Corporation and Secureauth Corporation, TransUnion.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Component, Deployment, Application, End User Vertical, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Broadcom Inc., Centrify, Equifax Inc., ForgeRock, Gurucul, HID Global (Assa Abloy AB), International Business Machines Corporation, Micro Focus International plc, Okta Inc., Oracle Corporation and Secureauth Corporation, TransUnion. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global risk-based authentication market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global risk-based authentication market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the deployment?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global risk-based authentication market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Risk-based Authentication Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solution
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Service
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment
7.1 On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Fraud Prevention
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cloud Application Security
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 IoT Security
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by End User Vertical
9.1 Banking and Financial Services
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Retail
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 IT and Telecommunication
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Government
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Healthcare
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Broadcom Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Centrify
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Equifax Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 ForgeRock
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Gurucul
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 HID Global (Assa Abloy AB)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 International Business Machines Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Micro Focus International plc
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Okta Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10 Oracle Corporation
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Secureauth Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 TransUnion
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Risk-based Authentication Market: Major Drivers and Challenges
Figure 2: Global: Risk-based Authentication Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Risk-based Authentication Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Risk-based Authentication Market: Breakup by Component (in %), 2021
Figure 5: Global: Risk-based Authentication Market: Breakup by Deployment (in %), 2021
Figure 6: Global: Risk-based Authentication Market: Breakup by Application (in %), 2021
Figure 7: Global: Risk-based Authentication Market: Breakup by End User Vertical (in %), 2021
Figure 8: Global: Risk-based Authentication Market: Breakup by Region (in %), 2021
Figure 9: Global: Risk-based Authentication (Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Risk-based Authentication (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Risk-based Authentication (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Risk-based Authentication (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Risk-based Authentication (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Risk-based Authentication (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Risk-based Authentication (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Risk-based Authentication (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Risk-based Authentication (Fraud Prevention) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Risk-based Authentication (Fraud Prevention) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Risk-based Authentication (Cloud Application Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Risk-based Authentication (Cloud Application Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Risk-based Authentication (IoT Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Risk-based Authentication (IoT Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Risk-based Authentication (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Risk-based Authentication (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Risk-based Authentication (Banking and Financial Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Risk-based Authentication (Banking and Financial Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Risk-based Authentication (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Risk-based Authentication (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Risk-based Authentication (IT and Telecommunication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Risk-based Authentication (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Risk-based Authentication (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Risk-based Authentication (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Risk-based Authentication (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Risk-based Authentication (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Risk-based Authentication (Other End User Vertical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Risk-based Authentication (Other End User Vertical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia-Pacific: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia-Pacific: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: Risk-based Authentication Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: Risk-based Authentication Market: Breakup by Country (in %), 2021
Figure 85: Middle East and Africa: Risk-based Authentication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Global: Risk-based Authentication Industry: SWOT Analysis
Figure 87: Global: Risk-based Authentication Industry: Value Chain Analysis
Figure 88: Global: Risk-based Authentication Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Risk-based Authentication Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Risk-based Authentication Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Risk-based Authentication Market Forecast: Breakup by Deployment (in Million US$), 2022-2027
Table 4: Global: Risk-based Authentication Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Risk-based Authentication Market Forecast: Breakup by End User Vertical (in Million US$), 2022-2027
Table 6: Global: Risk-based Authentication Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Risk-based Authentication Market: Competitive Structure
Table 8: Global: Risk-based Authentication Market: Key Players