Market Overview:
The global out-of-band (OOB) authentication market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing need for security and authentication solutions across different industries, such as banking, financial services & insurance (BFSI), payment card industry (PCI), government, healthcare, and others. In addition, the growing trend of Bring Your Own Device (BYOD) is also contributing to the growth of this market. The hardware OOB authentication segment is expected to hold the largest share of the global OOB authentication market during the forecast period. This can be attributed to factors such as increasing adoption of hardware tokens by organizations for security purposes and rising concerns over data breaches and cyberattacks.
 Authentication Industry Outlook.svg)
Product Definition:
Out-of-band authentication is the practice of using a separate communication channel to authenticate users or devices. This channel can be physical (such as a security token) or logical (such as a separate network). Out-of-band authentication is often used in conjunction with two-factor authentication, which requires both something the user knows (like a password) and something the user has (like a security token).
Hardware OOB authentication:
Hardware OOB authentication is a security feature that protects the data being exchanged over a network by ensuring that only authorized devices have access to the network. It uses one or more external devices, such as smart cards, USB drives, and other hardware tokens to provide an additional layer of security beyond what's offered through software alone. The technology helps prevent unauthorized users from gaining access to sensitive information stored on a computer or server by verifying their identity before allowing them to continue with their tasks.
Phone-based OOB authentication:
The OOB authentication is a security feature that allows the mobile phone to provide additional security when logging into an account. It generates a series of numbers and letters, which are sent to the user's mobile along with the verification code. The user then enters this data in order to complete the log-in process. This method is used by many banks and financial institutions for secure transactions between their systems and customers’ smartphones.
Application Insights:
The banking application segment led the market and accounted for more than 25.0% share of the global revenue in 2017. The growing adoption of OOB authentication techniques to prevent unauthorised access to confidential data is driving the demand for these solutions within banks and financial institutions. Furthermore, rising cyber-attacks, frauds, and heists have increased awareness about security among organizations across all industry sectors, which has resulted in a significant increase in demand for out-of-band authentication solutions over the past few years.
The payment card industry has been witnessing an increasing number of attacks that involve fraudulent use of credit cards or debit cards numbers being stolen by hackers from large scale retailers or small businesses with inadequate cybersecurity systems. This has resulted in a significant increase in adoption OOB authentication techniques by companies operating across all stages of payments lifecycle (merchant acquirer/processor, bank) as well as cardholders (users).
Regional Analysis:
North America dominated the global market in 2017. The presence of key market players, such as Vodafone GmBH; Gemplus GmbH; and Infineon Technologies AG, along with a well-established telecommunication infrastructure in the region is expected to drive OOB authentication demand. Furthermore, increasing government regulations aimed at ensuring data security and consumer privacy are anticipated to fuel regional growth over the forecast period.
Asia Pacific is expected to emerge as one of the fastest-growing regions during the forecast period owing to rapid economic development coupled with rising adoption of emerging technologies in countries like China and India. In addition, growing need for real-time secure transactions across various applications is projected to propel regional growth over next eight years.
Growth Factors:
- Increased security concerns among businesses and consumers due to increasing cyber-attacks
- The need for strong authentication in the wake of data breaches and identity theft
- Regulatory compliance requirements for stronger authentication methods
- Growing demand for cloud-based services, which require additional security measures to protect user data
- Advances in biometric technology that provide more secure and convenient ways to authenticate users
Scope Of The Report
Report Attributes
Report Details
Report Title
Out-of-band (OOB) Authentication Market Research Report
By Type
Hardware OOB authentication, Phone-based OOB authentication
By Application
Banking, Financial Services & Insurance, Payment Card Industry, Government, Healthcare, Others
By Companies
Broadcom, CensorNet, Deepnet Security, Early Warning Services, VASCO Data Security, Gemalto, SecurEnvoy, StrikeForce Technologies, Symantec, TeleSign
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Out-of-band (OOB) Authentication Market Report Segments:
The global Out-of-band (OOB) Authentication market is segmented on the basis of:
Types
Hardware OOB authentication, Phone-based OOB authentication
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Financial Services & Insurance, Payment Card Industry, Government, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Broadcom
- CensorNet
- Deepnet Security
- Early Warning Services
- VASCO Data Security
- Gemalto
- SecurEnvoy
- StrikeForce Technologies
- Symantec
- TeleSign
 Authentication Market Overview.svg)
Highlights of The Out-of-band (OOB) Authentication Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware OOB authentication
- Phone-based OOB authentication
- By Application:
- Banking, Financial Services & Insurance
- Payment Card Industry
- Government
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Out-of-band (OOB) Authentication Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Market Entry Strategies
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- Identifying Appropriate Advertising Appeals
 Authentication Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
OOB authentication is a security feature that allows authorized users to access systems and resources outside of the normal authentication process. OOB authentication can be used to provide an extra layer of security for sensitive data or applications.
Some of the key players operating in the out-of-band (oob) authentication market are Broadcom, CensorNet, Deepnet Security, Early Warning Services, VASCO Data Security, Gemalto, SecurEnvoy, StrikeForce Technologies, Symantec, TeleSign.
The out-of-band (oob) authentication market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Out-of-band (OOB) Authentication Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Out-of-band (OOB) Authentication Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Out-of-band (OOB) Authentication Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Out-of-band (OOB) Authentication Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Out-of-band (OOB) Authentication Market Size & Forecast, 2018-2028
4.5.1 Out-of-band (OOB) Authentication Market Size and Y-o-Y Growth
4.5.2 Out-of-band (OOB) Authentication Market Absolute $ Opportunity
Chapter 5 Global Out-of-band (OOB) Authentication Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Out-of-band (OOB) Authentication Market Size Forecast by Type
5.2.1 Hardware OOB authentication
5.2.2 Phone-based OOB authentication
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Out-of-band (OOB) Authentication Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Out-of-band (OOB) Authentication Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Financial Services & Insurance
6.2.3 Payment Card Industry
6.2.4 Government
6.2.5 Healthcare
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Out-of-band (OOB) Authentication Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Out-of-band (OOB) Authentication Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Out-of-band (OOB) Authentication Analysis and Forecast
9.1 Introduction
9.2 North America Out-of-band (OOB) Authentication Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Out-of-band (OOB) Authentication Market Size Forecast by Type
9.6.1 Hardware OOB authentication
9.6.2 Phone-based OOB authentication
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Out-of-band (OOB) Authentication Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Financial Services & Insurance
9.10.3 Payment Card Industry
9.10.4 Government
9.10.5 Healthcare
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Out-of-band (OOB) Authentication Analysis and Forecast
10.1 Introduction
10.2 Europe Out-of-band (OOB) Authentication Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Out-of-band (OOB) Authentication Market Size Forecast by Type
10.6.1 Hardware OOB authentication
10.6.2 Phone-based OOB authentication
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Out-of-band (OOB) Authentication Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Financial Services & Insurance
10.10.3 Payment Card Industry
10.10.4 Government
10.10.5 Healthcare
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Out-of-band (OOB) Authentication Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Out-of-band (OOB) Authentication Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Out-of-band (OOB) Authentication Market Size Forecast by Type
11.6.1 Hardware OOB authentication
11.6.2 Phone-based OOB authentication
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Out-of-band (OOB) Authentication Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Financial Services & Insurance
11.10.3 Payment Card Industry
11.10.4 Government
11.10.5 Healthcare
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Out-of-band (OOB) Authentication Analysis and Forecast
12.1 Introduction
12.2 Latin America Out-of-band (OOB) Authentication Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Out-of-band (OOB) Authentication Market Size Forecast by Type
12.6.1 Hardware OOB authentication
12.6.2 Phone-based OOB authentication
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Out-of-band (OOB) Authentication Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Financial Services & Insurance
12.10.3 Payment Card Industry
12.10.4 Government
12.10.5 Healthcare
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Out-of-band (OOB) Authentication Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Out-of-band (OOB) Authentication Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Out-of-band (OOB) Authentication Market Size Forecast by Type
13.6.1 Hardware OOB authentication
13.6.2 Phone-based OOB authentication
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Out-of-band (OOB) Authentication Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Financial Services & Insurance
13.10.3 Payment Card Industry
13.10.4 Government
13.10.5 Healthcare
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Out-of-band (OOB) Authentication Market: Competitive Dashboard
14.2 Global Out-of-band (OOB) Authentication Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Broadcom
14.3.2 CensorNet
14.3.3 Deepnet Security
14.3.4 Early Warning Services
14.3.5 VASCO Data Security
14.3.6 Gemalto
14.3.7 SecurEnvoy
14.3.8 StrikeForce Technologies
14.3.9 Symantec
14.3.10 TeleSign
