Global Out-of-band Authentication Market (OOB) : Industry

Global Out of Band Authentication Market

t was valued US$ 324.89 Mn in 2019 and is estimated to reach US$ XX Mn by 2027 at a CAGR of 18.14%.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

The Out-of-Band (OOB) is a fundamental two different stages authentication channel, which makes the user to call or send a message from a registered mobile number for the authentication purpose. The two stage security channel makes it difficult for the hackers to enter into the private data in order to access it. The factors such as rapid growth in complex and advanced threats, growing demand for compliance requirements and growth of online transactions are the key driving factors in this market. OOB system opportunities across a wide range of industries and market segments include banking financial services & insurance sectors, card payment industries, government agencies, and healthcare solutions.

Global out-of-band authentication market is segmented into solution type, end-user, and geography. Based on solution type, out-of-band authentication market is divided into hardware and phone based. Phone based OOB authentication is estimated to hold largest share of market in forecast period. In terms of end user, out-of-band authentication market is classified into BFSI, governments, healthcare, and payment card industries. Payment card industries is estimated to hold largest share of market in forecast period due to rise trend of digitalization.

Major driving factors out-of-band authentication market are rising volume of online transactions, continuous increasing advanced & complex threats, and increased compliance requirements and same time high cost of product association will hamper the market.

In terms of geography, North America is estimated to largest share of market in forecast period followed by Europe, Asia Pacific, and Latin America.

Key player’s studies, analysed, profiled and benchmarked in out-of-band authentication market are Censornet Ltd.,CA Technologies, Early Warning Services, Deepnet Security, Gemalto N.V., Strike Force Technologies, Inc., Securenvoy Ltd., Vasco Data Security International, Inc., Telesign, Symantec Corporation, Cisco Systems, CA Technologies, CensorNet Ltd., Deepnet Security, Gemalto NV, SecurEnvoy Ltd., StrikeForce Technologies, Inc., Symantec Corporation, and Inc.(US)

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The scope of the Out-of-band Authentication Market (OOB):

Global Out-of-band Authentication Market (OOB), By Solution Type:

• Hardware

• Phone Based

Global Out-of-band Authentication Market (OOB), By End-user:

• BFSI

• Governments

• Healthcare

• Payment Card Industries

Global Out-of-band Authentication Market (OOB), By Geographies:

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• Latin America

Key players, Global Out-of-band Authentication Market (OOB):

• Censornet Ltd.

• CA Technologies

• Early Warning Services

• Deepnet Security

• Gemalto N.V.

• Strike Force Technologies

• Inc.

• Vasco Data Security International

• Inc.

• Telesign

• Symantec Corporation

• Cisco Systems

• CA Technologies

• CensorNet Ltd.

• Deepnet Security

• SecurEnvoy Ltd.

• StrikeForce Technologies

• Symantec Corporation

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