Out-of-band (OOB) Authentication Market to Witness Exponential Growth by 2023 - PR News

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Monday, 18 November 2019

Out-of-band (OOB) Authentication Market to Witness Exponential Growth by 2023

A new market research report on the Global Out-of-band (OOB) Authentication market has introduced by KD Market Insights. The report is dedicated to in-depth industry analysis of the global Out-of-band (OOB) Authentication market. The Global Out-of-band (OOB) Authentication Market analysis is broken down on different segmentation levels including Market BY SOLUTION TYPE, BY END USER.

Out-of-band (OOB) authentication is a verification technique, which uses two different networks that work simultaneously. This type of sophisticated authentication system is used to provide extra protection against unauthorized access and confirmations, and prevents many frauds and hacking. It effectively blocks many kinds of hacking and identifies thefts in online banking. Multifactor authentication systems primarily use credentials such as passwords, security tokens, cellphones, PINs, and smart cards for authentication. The OOB authentication method comprises mobile phone-based OOB authentication tokens, including backup call and SMS, and hardware OOB authentication tokens.

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The growth of the global out-of-band authentication is driven by rise in volume of online transactions, continuous increase in advanced & complex threats, and rise in compliance requirements. However, risks associated with OOB authentication with SMS and high product association costs are some of the major restraints of this market. On the contrary, upsurge in adoption of OOB authentication by small- & medium-sized businesses is expected to provide potential opportunities for market expansion.

The global OOB authentication market is segmented on the basis of solution type, end user, and region. Depending on solution type, the market is classified into hardware OOB authentication and phone-based OOB authentication. On the basis of end user, it is categorized into banking, financial services, and insurance, payment card industry, government, healthcare, and others. Regionally, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the dominant players operating in the global OOB authentication market 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.

KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global out-of-band authentication market and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
- Porter's Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.

KEY MARKET SEGMENTS

BY SOLUTION TYPE
- Hardware OOB authentication
- Phone-based OOB authentication

BY END USER
- Banking, Financial Services & Insurance
- Payment Card Industry
- Government
- Healthcare
- Others

BY REGION
North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

KEY MARKET PLAYERS
- CA Technologies
- CensorNet Ltd.
- Deepnet Security
- Early Warning Services, LLC
- Gemalto NV
- SecurEnvoy Ltd.
- StrikeForce Technologies, Inc.
- Symantec Corporation
- TeleSign
- VASCO Data Security International, Inc.

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Table of Content

CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. RESEARCH METHODOLOGY
1.3.1. Primary research
1.3.2. Secondary research
1.3.3. Analyst tools and models
1.3.4. Market segmentation

CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top winning strategies
3.2.2. Top investment pockets
3.2.3. Top impacting factors
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Competitive rivalry
3.4. KEY PLAYER POSITIONING
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Rise in volume of online transaction
3.5.1.2. Continuous increase in advanced and complex threats
3.5.1.3. Rise in Compliance Requirements
3.5.2. Restraint
3.5.2.1. Risk included in OOB authentication with SMS
3.5.2.2. High product association cost
3.5.3. Opportunity
3.5.3.1. Increase in adoption of OOB authentication by SME businesses

CHAPTER 4 OUT-OF-BAND AUTHENTICATION MARKET, BY SOLUTION TYPE
4.1. OVERVIEW
4.2. HARDWARE OOB AUTHENTICATION
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast, by region
4.2.4. Market analysis by country
4.3. PHONE-BASED OOB AUTHENTICATION
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast, by region
4.3.4. Market analysis by country

CHAPTER 5 OUT-OF-BAND AUTHENTICATION MARKET, BY END USER
5.1. OVERVIEW
5.2. BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast, by region
5.2.4. Market analysis by country
5.3. PAYMENT CARD INDUSTRIES
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast, by region
5.3.4. Market analysis by country
5.4. GOVERNMENT
5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast, by region
5.4.1. Market analysis by country
5.5. HEALTHCARE
5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast, by region
5.5.1. Market analysis by country
5.6. OTHERS
5.6.1. Key market trends
5.6.2. Key growth factors and opportunities
5.6.3. Market size and forecast, by region
5.6.1. Market analysis by country

CHAPTER 6 OUT-OF-BAND AUTHENTICATION MARKET, BY GEOGRAPHY
6.1. OVERVIEW
6.2. NORTH AMERICA
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast
6.2.3.1. Market size and forecast, by solution type
6.2.3.2. Market size and forecast, by end user
6.2.3.3. Market size and forecast, by country
6.2.4. U.S. Out-of-band authentication market
6.2.4.1. Market size and forecast, by solution type
6.2.4.2. Market size and forecast, by end user
6.2.5. Canada Out-of-band authentication market
6.2.5.1. Market size and forecast, by solution type
6.2.5.2. Market size and forecast, by end user
6.2.6. Mexico Out-of-band authentication Market
6.2.6.1. Market size and forecast, by solution type
6.2.6.2. Market size and forecast, by end user
6.3. EUROPE
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast
6.3.3.1. Market size and forecast, by solution type
6.3.3.2. Market size and forecast, by end user
6.3.3.3. Market size and forecast, by country
6.3.4. UK Out-of-band authentication market
6.3.4.1. Market size and forecast, by solution type
6.3.4.2. Market size and forecast, by end user
6.3.5. Germany Out-of-band authentication market
6.3.5.1. Market size and forecast, by solution type
6.3.5.2. Market size and forecast, by end user
6.3.6. France Out-of-band authentication market
6.3.6.1. Market size and forecast, by solution type
6.3.6.2. Market size and forecast, by end user
6.3.7. Russia Out-of-band authentication market
6.3.7.1. Market size and forecast, by solution type
6.3.7.2. Market size and forecast, by end user
6.3.8. Rest of Europe Out-of-band authentication market
6.3.8.1. Market size and forecast, by solution type
6.3.8.2. Market size and forecast, by end user
6.4. ASIA-PACIFIC
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast
6.4.3.1. Market size and forecast, by solution type
6.4.3.2. Market size and forecast, by end user
6.4.3.3. Market size and forecast, by country

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