Risk-based Authentication Market by Component, Technology Type (Web Access Management, MFA, and Behavioral Biometrics), Application Area (IoT Security and Fraud Prevention), Industry Vertical, Deployment Mode, and Region – 2022 to 2027


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The global risk-based authentication market size is projected to reach USD 6.5 billion by 2024, growing at a CAGR of 18.92% during the forecast period 2019-2024. The market’s major growth drivers include growing instances of cyber attacks and breaches of company data, as well as rising demand for mobile solutions and trend for BYOD.