Out-of-band (OOB) Authentication Market By Component (Solution, Services), By Deployment Type (On Premise, Cloud), By Enterprise Size (Large Enterprises, Small and Medium Sized Enterprises), By Industry Vertical (BFSI, IT and Telecom, Government and Defense, Retail, Healthcare, Media and Entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
Out-of-band (OOB) authentication is a verification technique, which uses two different networks that work simultaneously. These types of more sophisticated authentication systems are used to develop extra protection against unauthorized access and confirmations and prevents many kinds of frauds and hacking. It effectively blocks different types of hacking and identify theft in online banking. Multi-factor authentication systems primarily use credentials such as passwords, security tokens, cellphones, PINs, and smart cards for authentication. OOB authentication methods comprise mobile phone-based OOB authentication tokens including backup call and SMS and hardware OOB authentication tokens.
Growth in volume of online transactions, continuous increase in advanced and complex threats, and rise in compliance threats are some of the major factors that propel the market. However, risk included in OOB authentication with SMS and high product association costs are some of the major restrains of this market. Furthermore, increase in adoption of OOB authentication by small & medium size businesses are expected to provide numerous opportunities for this market.
The global OOB authentication market is segmented on the basis of component, deployment type, enterprise size, and industry verticals. By component, it is segmented into solution and services. The solution segment is further sub segmented into hardware and software. On the basis of deployment type, it is segmented into on-premise and cloud. By enterprise size, it is segmented into large enterprises and small & medium sized enterprises. On the basis of industry vertical, it is segmented into BFSI, IT & telecom, government & defense, retail, healthcare, media and entertainment and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the dominant players of the global out-of-band authentication market include CA Technologies (Broadcom Inc.), CensorNet, Deepnet Security, Early Warning Services, LLC, Gemalto N.V. (Thales DIS), SecurEnvoy Ltd., StrikeForce Technologies, Inc., NortonLifeLock, Inc. (Symantec Corporation), TeleSign Corporation, and OneSpan (VASCO Data Security International, Inc.).
Key Benefits For Stakeholders
The study provides in-depth analysis of the global out-of-band authentication market share along with current & future trends to illustrate the imminent investment pockets for the global out-of-band authentication market analysis.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the out-of-band (oob) authentication market forecast segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global out-of-band market size.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes global out-of-band (oob) authentication market analysis at regional and country level as well as market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
Solution
Services
By Deployment Type
On Premise
Cloud
By Enterprise Size
Large Enterprises
Small and Medium Sized Enterprises
By Industry Vertical
BFSI
IT and Telecom
Government and Defense
Retail
Healthcare
Media and Entertainment
Others
By Region
North America
U.S.
Canada
Europe
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
CensorNet
Deepnet Security
CA Technologies (Broadcom Inc.)
Early Warning Services, LLC
Gemalto N.V. (Thales DIS)
SecurEnvoy Ltd.
StrikeForce Technologies, Inc.
NortonLifeLock, Inc. (Symantec Corporation)
TeleSign Corporation
OneSpan (VASCO Data Security International, Inc.)
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