The report ?Risk-based Authentication Market by Component, Technology Type (MFA, Behavioral Biometrics, Web Access Management), Application Area (Fraud Prevention, IoT Security), Deployment Mode, Industry Vertical, and Region ? Global Forecast to 2023?, MarketsandMarkets expects the global risk-based authentication market size to grow from USD 2.19 billion in 2018 to USD 5.41 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period. The major growth factors for the market include increasing instances of cyber-attacks and data breaches on enterprises, growing demand for mobility solutions and BYOD trend, and stringent regulations and compliances. Growing digital transformation across global businesses is also spurring the demand for risk-based authentication solutions.