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Global Out of Band Authentication Software Market 2016-2020

Global Out of Band Authentication Software Market 2016-2020

About OOB

OOB is a powerful tool used to prevent fraud as the OOB authentication software works with a secured communication channel. For high-risk transactions, enterprises use this technology to verify and authenticate the identity of a user. The technology is used for authentication for both financial and non-financial transactions.

Technavio’s analysts forecast the global OOB authentication software market for 2016-2020 to grow at a CAGR of 23.57% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global OOB authentication software market 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of OOB authentication software.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, global OOB authentication software market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • CA Technologies
  • Gemalto
  • Strikeforce Technologies
  • Swivel Secure
Other prominent vendors
  • ASL
  • CensorNet
  • Deepnet Security
  • EZMCOM
  • Early Warning
  • SecurEnvoy
  • TeleSign
Market driver
  • Increase in number of online transactions
  • For a full, detailed list, view our report
Market challenge
  • Risks from OOB authentication with SMS
  • For a full, detailed list, view our report
Market trend
  • Emergence of next-generation hardware OTP tokens
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Out of Band (OOB) Authentication Software Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Out of Band (OOB) Authentication Software Market: CA Technologies, Gemalto, Strikeforce Technologies, Swivel Secure, ASL, CensorNet, Deepnet Security, EZMCOM, Early Warning, SecurEnvoy, and TeleSign.

Commenting on the report, an analyst from Technavio’s team said: “One trend spurring growth is the emergence of next-generation hardware OTP tokens. OOB technology is used to generate OTP in hardware OTP tokens. We expect next-generation hardware OTP tokens to be popular during the forecast period. For instance, Protectimus, based in London, UK, released a new generation of hardware OTP tokens in March 2016. The new hardware OTP tokens are named Protectimus SLIM and Protectimus SLIM mini.”

According to the report, one driver that will lead to the growth of this market is the preference for convenience and instant use of hardware and phone-based OTP. Financial organizations seek to provide users with convenient methods of banking. The authentication method such as hardware OTP token and phone-based authentication is gaining popularity among end-users. Two-factor authentication methods make it important for users to possess the hardware device, enhancing the security by requiring two independent pieces of information for authentication.

Further, the report states that a major challenge for this market is the high risk of OOB authentication with SMS. In July 2016, the National Institute of Standards and Technology, a federal agency that sets up official guidelines for technology standards and measurement regulations, released a new draft of its digital authentication guideline section 5.1.3.2. The draft states that OOB authentication using SMS two-factor authentication will not be allowed in the future because of the security risks involved. SMS received by the user may be intercepted or redirected. In addition, some phones display SMS messages on-screen even when it is locked, making it possible for an attacker with physical access to the device to read the message.

Companies Mentioned

CA Technologies, Gemalto, Strikeforce Technologies, Swivel Secure, ASL, CensorNet, Deepnet Security, EZMCOM, Early Warning, SecurEnvoy, and TeleSign.

  • Executive summary
    • Key findings
      • Table Overview of numbers region wise 2015 and 2020 ($ millions)
      • Table Overview of numbers end-users wise 2015 and 2020 ($ millions)
  • Scope of the report
    • Market overview
      • Table Major countries covered in market analysis
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Working flow of OOB
    • Features of OOB
    • Two-factor authentication
    • Comparison of two-factor authentication with multi-factor authentication
      • Table Multi-factor authentication versus two-factor authentication
    • Regulations related to multi-factor authentication
  • Authentication techniques
    • Comparison of authentication techniques
      • Table Comparison of authentication techniques 2015
  • Market size and forecast
    • Table Global OOB authentication software market 2015-2020 ($ millions)
  • Market segmentation by end-user
    • Global OOB authentication software market in PCI sector
      • Table Global OOB authentication software market in PCI sector 2015-2020 ($ millions)
    • Global OOB authentication software market in BFSI sector
      • Table Global OOB authentication software market in BFSI sector 2015-2020 ($ millions)
    • Global OOB authentication software market in government sector
      • Table Global OOB authentication software market in government sector 2015-2020 ($ millions)
  • Geographical segmentation
    • Global OOB authentication software market by geography
      • Table Global OOB authentication software market by geography 2015 (% share)
      • Table Global OOB authentication software market by geography 2020 (% share)
    • OOB authentication software market in Americas
      • Table OOB authentication software market in Americas 2015-2020 ($ millions)
    • OOB authentication software market in APAC
      • Table OOB authentication software market in APAC 2015-2020 ($ millions)
    • OOB authentication software market in EMEA
      • Table OOB authentication software market in EMEA 2015-2020 ($ millions)
  • Market drivers
    • Increase in number of online transactions
      • Table Global 3G and 4G connections (millions)
    • Preference for convenience and instant use of hardware and phone-based OTP
    • Adherence to compliance mandates
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Risks of OOB authentication with SMS
    • Hardware devices are inconvenient to carry and vulnerable
    • Infrastructure issues in developing nations
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Emergence of next-generation hardware OTP tokens
    • Growing adoption of unified platforms for authentication purposes
    • Increasing adoption of authentication solutions by SMEs
    • Increase in demand for security tokens in financial sector
  • Impact of trends
    • Table Impact of trends
  • Buying criteria
    • Table Buying criteria for OOB authentication software market
  • Five forces analysis
    • Table Five forces analysis
  • Vendor landscape
    • Competitive landscape
      • Table Competitive rating of OOB authentication vendors
    • Vendor matrix
      • Table Vendor matrix: Geographical presence
      • Table Vendor matrix: OTP
      • Table Vendor matrix: End-users
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor profiles
    • CA Technologies
      • Table CA Technologies: Geographical segmentation by revenue 2015 (% share)
      • Table Recent developments
    • Gemalto
    • StrikeForce Technologies
    • Swivel Secure
  • Assumptions
  • Appendix
    • List of abbreviations
  • Explore Technavio

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