Account Takeover Protection Market Definition
Account Takeover Protection is a part of Imperva’s Advanced Bot Protection solution that identifies and defends against cybercriminal attempts to take over consumer or business accounts for malicious purposes. It helps in identifying high-risk users at account creation and login, and it also monitors for suspicious account changes. It has numerous benefits such as protects online accounts from unauthorized access, avert fraud attempts before they take place and preserve customer trust and loyalty.
The market study is broken down by Type (Payment Protection, Account Information Protection and Login Protection), by Application (Healthcare, Banking, E-Commerce, Telecommunications, Insurance and Others) and major geographies with country level splits.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Account Takeover Protection market throughout the predicted period.
SpyCloud Inc. (United States), Visa Inc. (United States), Kount Inc (United States), Imperva (United States), CyberSource (United States), Barracuda Networks, Inc (United States), Agari Data Inc (United States), Ravelin Ltd (United Kingdom), Radware (Israel) and Akamai Technologies (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Account Takeover Protection market by Type, Application and Region.
On the basis of geography, the market of Account Takeover Protection has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Takeover Techniques, the sub-segment i.e. Hacking will boost the Account Takeover Protection market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In August 2019, -Visa has announced a suite of innovative security capabilities to help prevent and disrupt payment fraud, breaking new ground in cybersecurity and fraud prevention. The new payment security services and capabilities help protect the integrity of the payments ecosystem by detecting and disrupting fraud threats targeting financial institutions and merchants
- Increased Risk for IT, Human Resource Departments and Higher Level Management
- Increased Penetration of the Internet
- Increasing Use of Advanced Hacking Techniques by Cyber Criminals that lead to Rising in the Numer of Account Takeover Frauds
- Growing Demand from Industry for Financial Information or Sensitive Data Security
- Increasing Number of Cyber Attacks Worldwide
- Rise in the Demand for Account Takeover Protection from Industries such as Healthcare, Academic Institution and Others
- Less Awareness among People In the Industry
- Rapidly Changing Attack Methods by the Cyber Criminals results in Less Awareness among People about new Attacking Methods
Key Target AudienceAccount Takeover Protection Providers, Emerging Companies, Research Professionals and End-users
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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