Risk-based Authentication Market 2024 - Brochure

GLOBAL RISK-BASED AUTHENTICATION
MARKET FORECAST & OPPORTUNITIES
2014 – 2024
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
PUBLISHED: APRIL 2019

2
Scope of Report
Product of Interest (POI): Risk-based Authentication
Review Period
2014 – 2017
Base Year
2018
Estimated Year
2019
Forecast Period
2020 – 2024
Year Range
APPLICATION DEPLOYMENT
• Cloud
• On-Premise
TECHNOLOGY
• Multi-Factor Authentication
• Behavioral Biometrics
• Web Access Management
• Fraud Prevention
• Cloud-Application Security
• IoT Security
• Others
Risk-based authentication system takes into consideration the profile of the agent requesting
access to the particular system so as to deduce the risk profile associated with that
transaction. Increasing adoption of risk-based authentication solutions in various industries
such as BFSI, healthcare, etc. and surge in the number of connected devices backed by
growing demand for mobility solution are attributing to the growth of the risk-based
authentication market through 2024.
Market Segmentation
COMPONENT
• Solution
• Services
• Managed
• Professional
SECURITY POLICIES
• Device-Based Policies
• Attribute-Based Policies
• Behavior Policies
• Resource-Based Policies
• Network and Browser-based Policies
END-USER
• BFSI
• Healthcare
• Government
• Retail
• Others

3
Table of Contents
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Risk-based Authentication Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Component (Solution and Services (Managed and Professional))
5.2.2.
By Technology (Multi-Factor Authentication, Behavioral Biometrics and Web Access
Management)
5.2.3. By Security Policies (Device-Based Policies, Attribute-Based Policies, Behavior
Policies, Resource-Based Policies, Network and Browser-based Policies)
5.2.4. By Deployment (On-premise and Cloud)
5.2.5. By Application (Fraud Prevention, Cloud-Application Security, IoT Security and
Others)
5.2.6. By End-User (BFSI, Healthcare, Government, Retail and Others)
5.2.7.
By Region (North America; Europe; Asia Pacific; South America and Middle East &
Africa)
5.2.8 By Company (2018)
5.3. Market Attractiveness Index
6. North America Risk-based Authentication Market Outlook

4
Table of Contents
6.1.1. By Value
6.2.1. By Component
6.2.2. By Technology
6.2.3. By Security Policies
6.2.4. By Application
6.2.5. By End User
6.2.6. By Country (United States; Canada; Mexico; and Rest of North America)
6.3. North America: Country Analysis
6.3.1. United States Risk-based Authentication Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Technology
6.3.1.2.2. By End User
6.3.2. Mexico Risk-based Authentication Market Outlook
6.3.2.1.1. By Value

5
Table of Contents
6.3.3. Canada Risk-based Authentication Market Outlook
6.3.3.1.1. By Value
7. Europe Risk-based Authentication Market Outlook
7.1.1. By Value
7.2.1. By Component
7.2.5. By End User
7.2.6. By Country (UK; Italy; Spain; Germany; France; and Rest of Europe)
7.3. Europe: Country Analysis
7.3.1. United Kingdom Risk-based Authentication Market Outlook
7.3.1.1.1. By Value

6
Table of Contents
7.3.2. France Risk-based Authentication Market Outlook
7.3.2.1.1. By Value
7.3.3. Russia Risk-based Authentication Market Outlook
7.3.3.1.1. By Value
7.3.4. Germany Risk-based Authentication Market Outlook
7.3.4.1.1. By Value
7.3.5. Italy Risk-based Authentication Market Outlook
7.3.5.1.1. By Value

7
Table of Contents
8. Asia Pacific Risk-based Authentication Market Outlook
8.1.1. By Value
8.2.1. By Component
8.2.5. By End User
8.2.6. By Country (China; Japan; India; South Korea; Australia; and Rest of Asia Pacific)
8.3. North America: Country Analysis
8.3.1. China Risk-based Authentication Market Outlook
8.3.1.1.1. By Value
8.3.2. Japan Risk-based Authentication Market Outlook
8.3.2.1.1. By Value

8
Table of Contents
8.3.3. South Korea Risk-based Authentication Market Outlook
8.3.3.1.1. By Value
8.3.4. India Risk-based Authentication Market Outlook
8.3.4.1.1. By Value
8.3.5. Australia Risk-based Authentication Market Outlook
8.3.5.1.1. By Value
9. Middle East & Africa Risk-based Authentication Market Outlook
9.1.1. By Value

9
Table of Contents
9.2.1. By Component
9.2.5. By End User
9.2.6. By Country (Brazil; Argentina; Colombia; and Rest of South America)
9.3. Middle East & Africa: Country Analysis
9.3.1. Egypt Risk-based Authentication Market Outlook
9.3.1.1.1 By Value
9.3.2. Saudi Arabia Risk-based Authentication Market Outlook
9.3.2.1.1 By Value
9.3.3. South Africa Risk-based Authentication Market Outlook
9.3.3.1.1. By Value

10
Table of Contents
10.3.1. UAE Risk-based Authentication Market Outlook
10.3.1.1.1. By Value
10.3.1.2.2. By End User
10. South America Risk-based Authentication Market Outlook
10.1.1. By Value
10.2.1. By Component
10.2.5. By End User
10.2.6. By Country (South Africa; Saudi Arabia; UAE; Egypt; and Rest of Middle East
& Africa)
10.3. South America: Country Analysis
10.3.1. Brazil Risk-based Authentication Market Outlook
10.3.1.1.1. By Value

11
Table of Contents
10.3.2.2.2. By End User
10.3.3. Argentina Risk-based Authentication Market Outlook
10.3.3.1.1. By Value
10.3.3.2.2. By End User
10.3.4. Colombia Risk-based Authentication Market Outlook
10.3.4.1.1 By Value
10.3.4.2.2. By End User
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends and Developments
13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles (Top 10 Global Player)

12
Table of Contents
13.2.1. International Business Machines Corporation
13.2.2. Micro Focus International plc
13.2.3. CA, Inc.
13.2.4. RSA Security LLC
13.2.5. Okta, Inc.
13.2.6. SecureAuth Corporation
13.2.7.. Gemalto NV
13.2.8. LexisNexis
13.2.9. ForgeRock
13.2.10. Equifax Inc.
14. Strategic Recommendations

14
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data
Collection
Developing list
of respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the global risk-based
authentication market,
overall market size and
segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the global risk-based
authentication market
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Final Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn
✓ TechSci Internal
Database
✓ Factiva
✓ Hoovers
Paid Sources
✓ Company Website
✓ Company Annual
Reports
✓ White Paper Study
✓ Financial Reports
✓ Investor
Presentations
✓ Regulatory Body
✓ Associations, etc.
Secondary
Research
Primary Research

15
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of global risk-based authentication market. The team has
analyzed the outlook of various segments of this market, while considering the major influencing factors such as surge in the number of
connected devices, etc. and speculated a growth during the next 5 years. The study includes market forecasting, which would enable our clients
to take better decisions while planning their strategy to achieve sustainability in global risk-based authentication market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through exhaustive
secondary research and primary surveys, with various key opinion leaders/stakeholders, such as risk-based authentication service provider
companies, channel partners, market influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 risk-based authentication supplier companies, 45 – 50 channel partners, 80 – 100 end users, and 15
– 20 Industry experts and other value chain stakeholders in global risk-based authentication market to obtain the overall market size from
2014-2018, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to
arrive at the market size data from 2014-2018.

16
• Respondents were asked about the current and future market growth rates, market shares by component, by each region. Removing the outlier
responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive
at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon
the applications of Risk-based Authentication.
Methodology Followed for Calculation of Market Shares:
Market shares by component, by deployment, by technology, by security policies, by application, by end-user, by region and by company were
calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market
shares or revenue generated from various end use verticals of Risk-based Authentication. The final shares were calculated by taking the geometric
mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global risk-based
authentication market, techsci research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis

17
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used
the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that
the figures compiled are only for the organized market including market share data.
Partial List of Companies Interviewed Key Secondary Sources
▪ IBM Corp.
▪ CA Technology Inc.
▪ Micro Focus International PLC
▪ Okta Inc.
▪ OneSpan Inc.
▪ SecureAuth Corporation
▪ Entrust Datacard Corporation
▪ XX
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases
▪ XXXX
▪ XXX
▪ XX
▪ X

18
Country 2014 2015 2016 2017 2018
United States (USD) 1 1 1 1 1
Canada (Canadian Dollar) 1.10 1.28 1.33 1.30 1.30
Mexico (Mexican Peso) 13.31 15.79 18.68 18.91 19.23
Germany (Euro) 0.72 0.82 0.91 0.95 0.83
United Kingdom (Pound) 0.61 0.65 0.74 0.78 0.75
Italy (Euro) 0.72 0.82 0.91 0.95 0.83
Spain (Euro) 0.72 0.82 0.91 0.95 0.83
France (Euro) 0.72 0.82 0.91 0.95 0.83
India (INR) 61.01 64.12 67.18 65.11 68.41
China (Yuan) 6.16 6.28 6.64 6.76 6.62
Japan (Yen) 105.86 121.06 108.80 112.15 110.43
South Korea (Won) 1,053.58 1,132.33 1,161.22 1,130.44 1,100.50
Singapore (Singapore Dollar) 1.27 1.37 1.38 1.38 1.35
Australia (Australian Dollar) 1.11 1.33 1.35 1.30 1.34
Malaysia (Malaysian Ringgit) 3.28 3.49 4.29 4.48 4.06
Brazil (Real) 2.35 3.34 3.49 3.19 3.65
Argentina (Peso) 8.11 9.25 14.76 16.56 28.14
Colombia (Colombian Peso) 2,000.65 2,740.97 3,053.16 2,948.89 2,956.12
South Africa (Rand) 10.84 12.77 14.71 13.30 13.26
Saudi Arabia (Riyal) 3.75 3.75 3.75 3.75 3.75
UAE (Dirham) 3.67 3.67 3.67 3.67 3.67
Iran (Iranian Rial) 24,653.00 27,138.00 29,830.00 30,052.00 35,186.00
Currency Exchange Rates
• The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.
• The company revenues were taken from their annual reports.
• Average annual currency conversion rate was used for companies that reported their revenue in other currencies.
Source:USForex,TheBureauoftheFiscalServiceandUSDepartmentofTreasury

19
INDUSTRY BRIEF
According to TechSci Research report, “Global Risk-based Authentication Market By Component, By Technology, By Security Policies, By Deployment, By
Application, By End-User, By Region, Competition, Forecast & Opportunities, 2024”, global risk-based authentication market is projected to grow at a CAGR of over
18.8% during forecast period on account of increasing cyber-attacks, growing demand of bring your own device (BYOD) and rising adoption of cloud-based risk-based
authentication solutions. Moreover, growing strict regulations & compliance and rise in the number of IoT and connected devices is further driving global risk-based
authentication market. Moreover, increasing trend of BYOD systems at work environment and surge in the number of cyber-attacks and information breaks against
organizations is further promoting the growth of global risk-based authentication market.
Global risk-based authentication market can be segmented based on component, technology, security policies, deployment, application and end-user. On the basis of
component, global risk-based authentication market can be categorized into solution and services, of which solution is expected to be the major segment during forecast
period as it provides automated critical identity-based authentication controls to organizations. Among deployment type, cloud segment is expected to grow at the fastest
pace during the forecast period as organizations can save costs on hardware, software and storage by using cloud-based solutions. Global risk-based authentication market
caters to various end users such as government, BFSI, retail, healthcare and others, etc. BFSI dominated the market in 2018 and is expected to maintain its dominance
through 2024 as well. However, other end users like government, healthcare, retail, etc., are expected to witness swift growth in global risk-based authentication market
during forecast period. North America acquired the dominant position in global risk-based authentication market owing to the presence of major risk-based authentication
vendors offering technologically advanced solutions in the region.
International Business Machines Corporation, Micro Focus International plc, CA, Inc., RSA Security LLC, Okta, Inc., are some of the leading companies operating in global
risk-based authentication market. Companies operating in the market are using organic strategies such as product launches, and mergers and collaborations in order to
register positive growth in the market. IBM offers risk-based authentication solutions by bringing together IBM Trusteer Pinpoint Detect and IBM Security Access Manager.
The solution assesses high-risk factors, analyzes session information and provides protection against fraudulent transactions.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.

20
SAMPLE DATA- SNAPSHOT
Company A
Company B
Company C
Company D
Others
Global Risk-based Authentication Market, By Share, By
Company, By Value, 2018
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
2014 2018 2019E 2024F
Europe Risk-based Authentication Market Size, By Value, 2014–2024F (USD
Million)
XX% YY%
Europe Risk-based Authentication Market Share, By Security Policies,
By Value, 2014–2024F
20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%
20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%
20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%
20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%
20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%
2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F
Network
and
Browser-
based
Policies
Resource-
Based
Policies
Behavior
Policies
Global Risk-based Authentication Market Size, By Value,
2019E & 2024F (USD Million)
$XX Million
2024F
$XX Million
2019E
XX% CAGR

21
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Report Name: GLOBAL RISK-BASED AUTHENTICATION MARKET
FORECAST & OPPORTUNITIES
2014 – 2024

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company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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