Allied Market Research
Loading...
0

Global Out-of-band (OOB) authentication Market Expected to Reach $1,143 Million by 2023

 

Report Code : A04185

quote Phone-based OOB authentication is expected to grow at a highest growth rate, due to its ability to reduce costs associated with other authentication systems such as hardware tokens. quote

Rachita Rake
Research Analyst, ICT at AMR

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, Out-of-band Authentication Market by Solution Type, End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global out-of-band authentication market was valued at $274 million in 2016, and is projected to reach at $1,143 million by 2023, growing at a CAGR of 22.80% from 2017 to 2023. In 2016, the phone-based OOB authentication segment accounted for the highest revenue share in the global market.

Rise in volume of online transaction, continuous increase in advanced & complex threats, and rise in compliance requirements drive the growth of the global out-of-band authentication market growth. However, risk included in OOB authentication with SMS and high product association costs hamper the market growth.

The phone-based OOB authentication segment dominated the global market in 2016, and is expected to remain dominant during the forecast period, owing to surge in adoption of phone-based OOB authenticators among end users

Based on end user, the BFSI segment led the market in 2016, and is projected to maintain its dominance in the future. However, the payment card industry segment is expected to witness the highest growth, owing to enforcement of regulations by the regulatory authorities related to data security.

North America generated the highest revenue in 2016; however, Asia-Pacific segment is anticipated to witness the fastest growth rate during the forecast period.

Key Findings of the Out-of-band Authentication Market:

  • The phone-based OOB authentication segment is expected to exhibit significant increase in the global out-of-band authentication market during the forecast period.
  • In 2016, the BFSI segment accounted for the highest revenue among the other end user.
  • North America generated the highest revenue in 2016.
  • Asia-Pacific is projected to exhibit substantial growth during the forecast period.

Prominent Key Players Profiled in the Study:

Some of the key players operating in the out-of-band authentication market that are profiled in the report include CA Technologies, CensorNet Ltd., Deepnet Security, Early Warning Services LLC, Gemalto NV, SecurEnvoy Ltd., StrikeForce Technologies Inc., Symantec Corporation, TeleSign, and VASCO Data Security International Inc.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Out-of-band (OOB) Authentication Market by Solution Type (Hardware OOB Authentication and Phone-based OOB Authentication) and End User (BFSI, Payment Card Industry, Government, Healthcare, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 3,922 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Global Out-of-band (OOB) authentication Market"
Purchase Enquiry