Market Share Trends in Risk-Based Authentication Solutions

 


Risk-Based Authentication (RBA) solutions combat fraudulent activities by assessing the risk associated with each access request and determining the appropriate level of authentication required for individual logins or transactions. RBA effectively mitigates a range of fraud types, including Account Takeover (ATO) fraud, payment fraud, mobile fraud, phishing attacks, and cyber threats like botnet assaults, all by tailoring authentication measures to the perceived level of risk.

In contrast to static authentication methods, RBA represents a dynamic approach that overcomes many shortcomings inherent in static authentication. These drawbacks encompass issues such as password management and the inability to keep up with the growing volume, complexity, and sophistication of attacks. Consequently, organizations are increasingly embracing RBA technologies to bolster security and maintain operational efficiency in these challenging environments.

RBA solutions rely on multi-factor authentication (MFA) to safeguard individuals' identities and thwart unauthorized access attempts. Instead of merely requesting a username and password, MFA demands an additional verification factor, significantly reducing the likelihood of fraud or impersonation. By implementing rigorous authentication for malicious and high-risk users while streamlining access for trusted individuals, RBA solutions have gained traction across a variety of industries due to their capacity to strike a balance between security and user convenience.

Download the sample report of Market Share: Risk-Based Authentication

Key inquiries addressed in this study will include:

·       Is the Risk-Based Authentication market experiencing growth?

·       What is the short-term and long-term growth potential of the Risk-Based Authentication market?

·       What are the primary factors driving and constraining the global market for Risk-Based Authentication solutions?

·       Which industries constitute the major end-users of Risk-Based Authentication solutions?

·       During the forecast period, which industries offer the most substantial growth opportunities?

·       Which global region presents the most promising growth prospects in the Risk-Based Authentication market?

·       Which customer segments exhibit the highest adoption rates of Risk-Based Authentication solutions?

·       What are the various deployment alternatives available for Risk-Based Authentication solutions?

Vendors covered in this study:

Accops. Appgate, Broadcom, CoffeeBean Technology, CyberArk, Duo Security (Cisco), ForgeRock, IBM, Kount, LexisNexis Risk Solutions, LoginRadius, Microsoft, Okta, OneLogin, OneSpan, Ping Identity, Prove, RSA Security, SecureAuth, Silverfort, Swivel Secure, and TransUnion.

About Us: Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business, and Growth Advisory Services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner.

Phone: (+1) 978-605-1066

Contact: ajinkya@quadrant-solutions.com

Comments

Post a Comment

Popular posts from this blog

Unlocking Growth Opportunities: Exploring the Potential of PAS-P&C Platforms

Image
  Quadrant Knowledge Solutions characterizes the P&C Core Insurance Platform (PAS-P&C) as a comprehensive solution catering to the operational needs of property and casualty insurers. This platform facilitates the management of essential functions such as policy administration, billing, and claims processing for personal and commercial property, as well as liability coverage.  A fully integrated P&C core suite encompasses a policy management system overseeing the entire policy lifecycle, billing functionalities handling the complete billing and collection process, and claims management facilitating end-to-end processing for all personal and commercial lines of business. As the Insurtech landscape continues to expand, insurance firms are increasingly embracing open-architecture solutions with robust integration capabilities. They are integrating a growing number of Insurtech partners into their workflows, rating systems, and decision-making processes to enhance operations,
Read more

Secure Shields for Online Fortresses: Predictions for the Web Application Firewall Market

Image
  Web Application Firewall (WAF) Solution safeguards an organization's web assets and its customers against web-based attacks and malicious activities. This solution has evolved into a more sophisticated form due to the rise in application layer attacks and dynamic web technologies. It also offers advanced features such as API security, client-side protection, defense against DDoS attacks, bot management, and more. WAF solutions can seamlessly integrate with other security tools like Intrusion Detection and Prevention Systems (IDPs) and Security Information and Event Management (SIEM) systems to establish a comprehensive security framework.   Key Queries Addressed by this Study: ·        What is the current growth rate of the web application firewall market? ·        What are the main drivers and barriers influencing the web application firewall market? ·        Which industries hold the greatest growth potential during the forecast period? ·        Which global region
Read more

Unveiling the Crystal Ball: Insights from the Application Security Testing Market Forecast

Image
  Application Security Testing entails the process of pinpointing and mitigating vulnerabilities within software applications. It encompasses a variety of techniques and tools designed to assess potential security flaws within applications, examining aspects like source code, configuration settings, and runtime behavior. The objective of application security testing is to assist developers and organizations in averting unauthorized access, data breaches, and other cyberattacks that could compromise the confidentiality, integrity, and availability of their applications and data. This research will address the following key inquiries: ·        What is the rate of growth in the application security testing market? ·        What factors are propelling and hindering the application security testing market? ·        Which industries hold the most significant growth prospects in the projected period? ·        Which global region presents the highest growth opportunities in the appl
Read more