Market Size – USD 2.01 billion in 2018, Market Growth – CAGR of 19.5%, Market Trends- increased demand for digital transformation
The Risk-Based Authentication Market is forecasted to grow from USD 2.01 billion in 2018 to USD 5.30 billion by 2026, at a CAGR of 19.5% during the forecast period. The driving factor for growth being the increased cases for cyber-attacks. However, insufficient knowledge about risk based authentication may be the restraining factor for the market.
Risk based authentication is an advanced technology that uses various form factors from the user to determine whether they are dangerous or not. It is a type of security which helps to identify the level of risk that can happen by a given login attempt and provides users with authentication challenges for the risk level. Increased growth of communication and technology in the world is a major factor driving the growth of this market and it is forecasted to remain like this throughout the forecast period.
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Further key findings from the report suggest
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For the purpose of this report, the market has been segmented on the basis of deployment, implementation, end user and region:
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