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03 Nov 2021, 04:51 GMT+10
The Risk-Based Authentication Market is forecasted to grow from USD 1.85 Billion in 2020 to USD 7.66 Billion by 2028, 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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The report offers a comprehensive analysis of the key geographical regions to provide insights into key factors influencing market growth in the regions. Production and consumption ratio, import/export analysis, supply and demand, consumer behavior and demands, current and emerging trends, regulatory framework, strategic alliances, technological advancements, economic growth, and robust presence of key players in each region. The report also covers an extensive country-wise analysis to provide better understanding of the market growth in each key region of the world and help investors, stakeholders, and clients to capitalize on lucrative growth opportunities.
Regional analysis covers:
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Risk-Based Authentication Market Segmentation:
Deployment Outlook (Revenue, USD Million; 2018-2028)
Implementation Outlook (Revenue, USD Million; 2018-2028)
End user Outlook (Revenue, USD Million; 2018-2028)
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