Out of Band Authentication Market Trends is Electrifying Growth Cycle: Deepnet Security, OneSpan, Ping Identity

Out of Band Authentication Market
Out of Band Authentication Market

The Latest Study Published by HTF MI Research on the “Out of Band Authentication Market’’ evaluates market size, trend and forecast to 2030. The Out of Band Authentication market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges as well as information about the competitors. Some of the Major Companies covered in this Research are Deepnet Security (United Kingdom), Early Warning Services LLC (United States), i-Sprint Innovations Pte Ltd (Singapore), OneSpan (United States), Ping Identity Corporation (United States), RSA Security LLC (United States), SAASPASS (United States), SecurEnvoy (Shearwater Group plc) (United Kingdom), SolidPass (United States), StrikeForce Technologies Inc. (United States), Thales Group (France), Others.

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According to HTF Market Intelligence, the Global Out of Band Authentication market to witness a CAGR of 19.5% during forecast period of 2024-2030. Global Out of Band Authentication Market Breakdown by Component (Solution, Service) by Authentication Channel (SMS, Email, Push Notification, Voice, Token-based, Others) by Deployment Mode (On-premises, Cloud-based) by Industry (BFSI, IT & Telecom, Retail, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Out of Band Authentication market size is estimated to increase by USD 5.4 Billion at a CAGR of 19.5% from 2024 to 2030. The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD 1.3 Billion.

The out-of-band (OOB) authentication market refers to the segment of the cybersecurity industry focused on providing additional layers of security for user authentication processes. OOB authentication involves using a separate communication channel or method, distinct from the primary channel typically used for authentication, to verify a user’s identity. This additional layer of security helps protect against various forms of cyber threats, such as phishing attacks, credential theft, and account takeover fraud.

Market Drivers

  • Rising cybersecurity threats
  • Increasing reliance on multi-factor authentication (MFA)

Market Trend

  • Integration with wearable tech
  • Context-aware OOB authentication

Opportunities

  • Develop seamless and user-friendly OOB experiences
  • Partner with mobile carriers and device manufacturers for wider integration

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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

  • The Middle East and Africa(South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
  • North America(United States, Mexico & Canada)
  • South America(Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
  • Europe(Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
  • Asia-Pacific(Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

 

Informational Takeaways from the Market Study: The report Out of Band Authentication matches the completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter’s five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.

Key Development’s in the Market: This segment of the Out of Band Authentication report fuses the major developments of the market that contains confirmations, composed endeavours, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.

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Some of the important question for stakeholders and business professional for expanding their position in the Out of Band Authentication Market:

Q 1. Which Region offers the most rewarding open doors for the market Ahead of 2023?
Q 2. What are the business threats and Impact of latest scenario over the market Growth and Estimation?
Q 3. What are probably the most encouraging, high-development scenarios for Out of Band Authentication movement showcase by applications, types and regions?
Q 4. What segments grab most noteworthy attention in Out of Band Authentication Market in 2023 and beyond?
Q 5. Who are the significant players confronting and developing in Out of Band Authentication Market?

Out of Band Authentication Market Study Coverage:

  • It includes major manufacturers, emerging player’s growth story, and major business segments of Out of Band Authentication market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
  • Out of Band Authentication Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
  • Out of Band Authentication Market Production by Region
  • Out of Band Authentication Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
  • Key Points Covered in Out of Band Authentication Market Report: Overview, drivers and barriers
  • Out of Band Authentication Market Competition by Manufacturers
  • Out of Band Authentication Market Capacity, Production, Revenue (Value) by region (2024-2030)
  • Out of Band Authentication Market Supply (Production), Consumption, Export, Import by Region (2024-2030)
  • Out of Band Authentication Market Manufacturers Profiles/Analysis
  • Out of Band Authentication Market Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
  • Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry Road map and value chain Market Effect Factors Analysis.

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