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Out of Band Authentication Market

Market Insights on Out of Band Authentication covering sales outlook, demand forecast & up-to-date key trends

Out of Band Authentication Market by Component, Authentication Channel, Deployment Type, Organisation Size, Vertical & Region - Forecast 2022 - 2032

Out of band Authentication Market Outlook (2022-2032)

[306 Pages Report] The out of band authentication trade is estimated at US$ 1.0 Billion in 2021. The market is expected to reach US$ 1.2 Billion in 2022. According to the analysis, the global out of band authentication market is anticipated to secure US$ 4.3 Billion in 2032, while flourishing at a 13.2% CAGR from 2022 to 2032.

Increasing adoption of advance authentication technology in major industries like banking, retail, healthcare helps in easy operations of automated out of band authentication resulting in growth of the market through forecasting period”

Attributes

Details

Out of band authentication Market CAGR (2022-2032)

13.2%

Out of band authentication Market (2032)

US$ 4.3 Billion

Out of band authentication Market Attraction

Increasing digitalization and advancement in technology and increasing cyber-attacks boosted the use authentication services by government and enterprises is likely drive the market in the forecast period.

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What are the Principal Factors Boosting the Global Out of Band Authentication Market?

Growing security and data privacy concerns to propel the growth of the market

Out of band authentication enable data security and data privacy, which is expected to be the most significant factor driving the market during the forecast period. Data privacy is the main concerns in industries, such as financial services, payment card, baking, insurance, and healthcare sectors. All these companies follow the data privacy and security requirement set by regulatory authorities. This results in increased demand of out of band authentication.

Also, presence of stringent rules and regulation related to data privacy contributed to the growth of the out of band authentication market in coming years. Also, developments in artificial intelligence (AI), the Internet of Things (IoT), and big data technologies are projected to boost the application of data privacy solutions among organizations.

Growing online transaction and compliance requirement boost the growth of the out of band authentication market

Growing number of online transactions and compliance requirement are one of the major driving factor of the out of band authentication market. Frequency of cyber-attack is high at online transaction thus to minimise the cyber-attack many organisations are adopting authentication methods such as phone-based authentication, software OTP tokens, hardware one-time passwords (OTP) tokens, and others to make secure online transactions. Moreover, hackers always target lucrative sectors, which have a huge online customer base.

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For instance, in April 2019, Worldpay, Inc., a global payment technology provider, announced the launch of ‘FraudSight’, which is a new solution designed to prevent the fraud and optimize approval rates, potentially boosting revenue across all channels. According to the Worldpay, Inc., FraudSight can make transaction validity decisions for merchants of all sizes.

What are the Emerging Opportunities in the Global Out of Band Authentication Market?

Increasing use of laptops, tablets, smartphones, and smart gadgets has increased the usability of the various internet-based solutions and services across the world.  For instance, as of April 2022, there were five billion internet users worldwide, which is 63% of the global population. Increasing use of cloud based technology such as Artificial intelligence, big data and block chain in many enterprises impelled the growth of the market.

Growing trend of bring your own device (BYOD) in many industries allows their employees to utilize the benefits of greater flexibility, collaboration, and work-life balance for improving productivity due to this, there is a sudden hike in the number of businesses implementing enterprise mobility solutions that enable and encourage employees to work at anytime, anywhere, from a wide range of devices. This trend has raised security-related issues which are expected to drive the growth of band authentication market.

With major emphasis on precision of out of band authentication, governments are augmenting capabilities by incorporating advanced systems such as information technology, cloud computing, AI and cyber security among others. Innovative progression in authentication services to provide high security in financial institution and different industries is a key factor driving market growth.

Furthermore, adopting software solution that generates one-time passcodes (OTPs) and sent using via email or SMS text message are expected to drive the out of band authentication market Also rising adoption of out-of-band authentication by small and medium-sized businesses is expected to provide numerous opportunities for out-of-band authentication market globally during forecast period. Attributed to these promising trends, it is no surprise that demand for Out of band authentication systems is projected to rise significantly in forthcoming years.

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What are the Challenges Prevailing in the Global Out of Band Authentication Market?

High risks involved in out-of-band authentication with SMS and the high product association cost hampered the global out-of-band authentication market growth. The lack of out of band authentication AI experts is anticipated to act as a significant restrain to the market in the forecast period. Out of band authentication AI is at a nascent stage and is complex in nature.

Therefore, organizations demand expertise in managing out of band authentication solutions powered by AI. The technology offers various benefits, however, lack of awareness, inadequate funding, and poor investments are likely to hamper the market growth in the forecast period. Also, uncertain regulations are also projected to hinder the industry growth.

What is the Contribution of Various Segments in Boosting the Market?

As per the analysis, by component, the solution segment is likely to expand at a CAGR of 12.4% during the forecast period. The solution segment is expected to flourish owing to the increasing demand for out of band authentication based platforms across various spheres of enterprises to assure safe transaction models in their business units. On the other hand, the services segment is projected to witness significant demand in the coming time. The growth can be attributed to the growing demand for out of band authentication services like professional services and managed services is expected to boost the segment growth.

By organisation size, the SMEs segment is projected to record a 12.4% CAGR in the forecast period. The segment is projected to garner a larger market share in the coming time. The growth of the segment can be attributed to the growing incidences of cyber-attacks on enterprises.  SMEs serves many customers all over the world. On the other hand, the large enterprises   segment is expected to record significant growth due to the growing investments in out of band authentication platforms by governments.

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What is the Regional Analysis of the Global Out of Band Authentication Market?

North America to emerge as a Significant Player in the Market

According to the analysis, the global market is estimated to be dominated by North America. The U.S is anticipated to garner the largest market share in the forecast period. It is estimated at US$ 1.5 Billion, recording a CAGR of 13.1% during the forecast period. Also, the government in the U.S is focused on deploying out of band authentication based solutions in various spheres.

Increasing adoption of use of information systems to support its basic and essential business functions in the region boost the growth of the market. North America accounts for highest share during forecast period due to presence of many out-of-band authentication vendors. For instance, the Government of Canada uses an out-of-band token, a combination of a physical device (e.g., mobile phone, landline telephone) and a secret that is transmitted to the device by a verifier each time authentication is required.

How will Europe present Growth Opportunities for the Market?

Europe is likely to garner considerable market share with the U.K contributing US$ 179.2 Million, expanding at 12.3% CAGR. Sectors such as ITC, automotive, media, and entertainment, among others are some of the most significant consumers. Also, rapid digitalization is expected to positively benefit the market in the region in the coming time. In addition, growing partnerships among players are expected to augment the market in the UK.

How will Growth Prospects pan out across the Asia Pacific?

Asia Pacific is projected to be the most lucrative market in the assessment period. The region is witnessing rapid adoption of advanced technologies, which acts as a salient factor boosting the market in APAC.

Emerging nations such as China, Japan, and South Korea are recognized to be the most remunerative markets. As per the analysis, China, Japan, and South Korea are projected at US$ 300.1 Million, US$ 242.0 Million, and US$ 151.0 Million respectively.

Also, the three countries are expected to flourish at a healthy CAGR with China expanding at 12.5%, Japan at 11.5%, and South Korea at 10.6% in the forecast period. The development of the region can be attributed to the increasing investments by governments.

Country-wise Forecast CAGRs for the Out of Band Authentication Market.

Country

Estimated CAGR

U.S

13.1%

U.K

12.3%

China

12.5%

Japan

11.5%

South Korea

10.6%

What is the Contribution of Key Players to the Global Out of band Authentication Market?

Key players of the global out of band authentication market include Gemalto, CA Technologies, Symantec, Ping Identity, RSA Security among others. Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability.

Recent developments among key players are:

  • In June 2022 - Thales Technologies has signed a contract with Samsung through which it will provide next-generation single-chip solutions embedded in Samsung's latest flagship smartphone. Its secure solution enables connectivity and contactless services in Samsung's Galaxy S20 series. The single-chip combines an embedded secure element (eSE) and an embedded SIM (eSIM) that enables high-performance contactless services and a fully digitalized mobile connectivity experience for highly compact smartphones, smartwatches, and tablets.
  • In May 2022 - OneSpan, one of the global leaders in securing remote banking transactions, announced that leading Turkish bank, DenizBank, is using OneSpan's Mobile Security Suite to protect 2.6 Million mobile customers across the bank's mobile banking app MobilDeniz, mobile wallet fastPay and card management application DenizKartõm.

Key Segments Covered in the Out of Band Authentication Market Report

Out of Band Authentication by Component:

  • Out of Band Authentication Solutions
    • Hardware Solutions
    • Software Solutions
  • Out of Band Authentication in Services
    • Professional Services
    • Managed Services

Out of Band Authentication by Authentication Channel:

  • Out of Band Authentication via SMS
  • Out of Band Authentication via Email
  • Out of Band Authentication via Push Notification
  • Out of Band Authentication via Voice
  • Token-based Out of Band Authentication
  • Other Out of Band Authentication Channels

Out of Band Authentication by Deployment type:

  • Cloud based Out of Band Authentication
  • On-Premises based Out of Band Authentication

Out of Band Authentication by Organisation Size:

  • Out of band authentication for SMEs
  • Out of band authentication for Large Enterprises

Out of Band Authentication by Vertical:

  • Out of band authentication in Banking
  • Out of band authentication in financial services and Insurance
  • Out of band authentication in Government and Defence
  • Out of band authentication in Retail
  • Out of band authentication in Healthcare
  • Out of band authentication in IT and Telecom
  • Out of band authentication in Energy and Utilities
  • Out of band authentication in Other Verticals (Manufacturing, Travel and Hospitality, Education, and Media & Entertainment)

Out of Band Authentication by Region:

  • North America Out of Band Authentication Market
  • Europe Out of Band Authentication Market
  • Asia Pacific Out of Band Authentication Market
  • Middle East & Africa Out of Band Authentication Market
  • Latin America Out of Band Authentication Market

Frequently Asked Questions

The out of band authentication market is estimated at USD 1.0 Billion in 2021.

The global out of band authentication market is expected to value USD 4.3 Billion, recording a CAGR of 13.2% during the forecast period.

Growing adoption of advance authentication technology in major industries is projected to offer significant opportunities in the coming time.

Gemalto, CA Technologies, Symantec, Ping Identity, RSA Security among others are some of the established players in out of band authentication market.

High cost associated with implementation of out of band authentication services is anticipated to act as a significant restrain to the market in the forecast period.

The U.S market is estimated to expand at a 13.1% growth rate during the forecast period.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook 

    1.2. Summary of Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. FMI Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy 

    2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment 

    3.1. Risk Assessment 

        3.1.1. COVID-19 Crisis and Impact on Out of Band Authentication  Demand

        3.1.2. COVID-19 Impact Benchmark with Previous Crisis 

        3.1.3. Impact on Market Value (US$ Mn)

        3.1.4. Assessment by Key Countries

        3.1.5. Assessment by Key Market Segments

        3.1.6. Action Points and Recommendation for Suppliers

    3.2. Key Trends Impacting the Market

    3.3. Formulation and Product Development Trends

4. Market Background 

    4.1. Out of Band Authentication  Market, by Key Countries

    4.2. Out of Band Authentication  Market Opportunity Assessment (US$ Mn)

        4.2.1. Total Available Market

        4.2.2. Serviceable Addressable Market

        4.2.3. Serviceable Obtainable Market

    4.3. Market Scenario Forecast 

        4.3.1. Demand in optimistic Scenario

        4.3.2. Demand in Likely Scenario

        4.3.3. Demand in Conservative Scenario 

    4.4. Investment Feasibility Analysis

        4.4.1. Investment in Established Markets

            4.4.1.1. In Short Term

            4.4.1.2. In Long Term

        4.4.2. Investment in Emerging Markets

            4.4.2.1. In Short Term

            4.4.2.2. In Long Term

    4.5. Forecast Factors - Relevance & Impact

        4.5.1. Top Companies Historical Growth

        4.5.2. Growth in Automation, By Country

        4.5.3. Out of Band Authentication  Adoption Rate, By Country

    4.6. Market Dynamics

        4.6.1. Market Driving Factors and Impact Assessment

        4.6.2. Prominent Market Challenges and Impact Assessment

        4.6.3. Out of Band Authentication  Market Opportunities

        4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Key Success Factors 

    5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

    5.2. Banking on with Segments High Incremental Opportunity

    5.3. Peer Benchmarking 

6. Global Out of Band Authentication  Market Demand Analysis 2015-2021 and Forecast, 2022-2032

    6.1. Historical Market Analysis, 2015-2021

    6.2. Current and Future Market Projections, 2022-2032

    6.3. Y-o-Y Growth Trend Analysis

7. Global Out of Band Authentication  Market Value Analysis 2015-2021 and Forecast, 2022-2032

    7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021

    7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Out of Band Authentication  Market Analysis 2015-2021 and Forecast 2022-2032, By Component

    8.1. Introduction / Key Findings

    8.2. Historical Market Value (US$ Mn) and Analysis By Component, 2015-2021

    8.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Component, 2022-2032

        8.3.1. Solutions

            8.3.1.1. Hardware Solutions

            8.3.1.2. Software Solutions

        8.3.2. Services

            8.3.2.1. Professional Services

            8.3.2.2. Managed Services

    8.4. Market Attractiveness Analysis By Component

9. Global Out of Band Authentication  Market Analysis 2015-2021 and Forecast 2022-2032, By Organization Size

    9.1. Introduction / Key Findings

    9.2. Historical Market Value (US$ Mn) and Analysis By Organization Size, 2015-2021

    9.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Organization Size, 2022-2032

        9.3.1. SMEs

        9.3.2. Large Enterprises

    9.4. Market Attractiveness Analysis By Organization Size

10. Global Out of Band Authentication  Market Analysis 2015-2021 and Forecast 2022-2032,By Authentication Channels

    10.1. Introduction / Key Findings

    10.2. Historical Market Value (US$ Mn) and AnalysisBy Authentication Channels, 2015-2021

    10.3. Current and Future Market Value (US$ Mn) and Analysis and ForecastBy Authentication Channels, 2022-2032

        10.3.1. SMS

        10.3.2. Email

        10.3.3. Push Notification

        10.3.4. Voice

        10.3.5. Token-Based

        10.3.6. Others (Facial recognition, palm recognition, and IRIS-based authentication)

    10.4. Market Attractiveness AnalysisBy Authentication Channels

11. Global Out of Band Authentication  Market Analysis 2015-2021 and Forecast 2022-2032, By Deployment Type 

    11.1. Introduction / Key Findings

    11.2. Historical Market Value (US$ Mn) and Analysis By Deployment Type , 2015-2021

    11.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Deployment Type , 2022-2032

        11.3.1. Cloud

        11.3.2. On-premises

    11.4. Market Attractiveness Analysis By Deployment Type 

12. Global Out of Band Authentication  Market Analysis 2015-2021 and Forecast 2022-2032, By Vertical 

    12.1. Introduction / Key Findings

    12.2. Historical Market Value (US$ Mn) and Analysis By Vertical , 2015-2021

    12.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Vertical , 2022-2032

        12.3.1. Banking, Financial Services, and Insurance

        12.3.2. Government and Defense

        12.3.3. Retail

        12.3.4. Healthcare

        12.3.5. IT and Telecom

        12.3.6. Energy and Utilities

        12.3.7. Others (Manufacturing, Travel and Hospitality, Education, and Media and Entertainment)

    12.4. Market Attractiveness Analysis By Vertical 

13. Global Out of Band Authentication  Market Analysis 2015-2021 and Forecast 2022-2032, By Region

    13.1. Introduction

    13.2. Historical Market Value (US$ Mn) and Analysis By Region, 2015-2021

    13.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032

        13.3.1. North America

        13.3.2. Latin America

        13.3.3. Europe

        13.3.4. Asia Pacific 

        13.3.5. Middle East and Africa (MEA)

    13.4. Market Attractiveness Analysis By Region

14. North America Out of Band Authentication  Market Analysis 2015-2021 and Forecast 2022-2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021

    14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        14.4.1. By Country

            14.4.1.1. U.S.

            14.4.1.2. Canada

            14.4.1.3. Rest of North America

        14.4.2. By Authentication Channels

        14.4.3. By Component

        14.4.4. By Organization Size

        14.4.5. By Deployment Type 

        14.4.6. By Vertical 

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Authentication Channels

        14.5.3. By Component

        14.5.4. By Organization Size

        14.5.5. By Deployment Type 

        14.5.6. By Vertical 

15. Latin America Out of Band Authentication  Market Analysis 2015-2021 and Forecast 2022-2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021

    15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        15.4.1. By Country

            15.4.1.1. Brazil

            15.4.1.2. Mexico

            15.4.1.3. Rest of Latin America

        15.4.2. By Authentication Channels

        15.4.3. By Component

        15.4.4. By Organization Size

        15.4.5. By Deployment Type 

        15.4.6. By Vertical 

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Authentication Channels

        15.5.3. By Component

        15.5.4. By Organization Size

        15.5.5. By Deployment Type 

        15.5.6. By Vertical 

16. Europe Out of Band Authentication  Market Analysis 2015-2021 and Forecast 2022-2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021

    16.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        16.4.1. By Country

            16.4.1.1. Germany

            16.4.1.2. France

            16.4.1.3. U.K.

            16.4.1.4. Italy

            16.4.1.5. Russia

            16.4.1.6. Rest of Europe

        16.4.2. By Authentication Channels

        16.4.3. By Component

        16.4.4. By Organization Size

        16.4.5. By Deployment Type 

        16.4.6. By Vertical 

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Authentication Channels

        16.5.3. By Component

        16.5.4. By Organization Size

        16.5.5. By Deployment Type 

        16.5.6. By Vertical 

17. Asia Pacific Out of Band Authentication  Market Analysis 2015-2021 and Forecast 2022-2032

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021

    17.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        17.4.1. By Country

            17.4.1.1. China

            17.4.1.2. Japan

            17.4.1.3. South Korea

            17.4.1.4. Rest of Asia Pacific

        17.4.2. By Authentication Channels

        17.4.3. By Component

        17.4.4. By Organization Size

        17.4.5. By Deployment Type 

        17.4.6. By Vertical 

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Authentication Channels

        17.5.3. By Component

        17.5.4. By Organization Size

        17.5.5. By Deployment Type 

        17.5.6. By Vertical 

18. Middle East and Africa Out of Band Authentication  Market Analysis 2015-2021 and Forecast 2022-2032

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021

    18.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        18.4.1. By Country

            18.4.1.1. GCC Countries

            18.4.1.2. South Africa

            18.4.1.3. Turkey

            18.4.1.4. Rest of Middle East and Africa

        18.4.2. By Authentication Channels

        18.4.3. By Component

        18.4.4. By Organization Size

        18.4.5. By Deployment Type 

        18.4.6. By Vertical 

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Authentication Channels

        18.5.3. By Component

        18.5.4. By Organization Size

        18.5.5. By Deployment Type 

        18.5.6. By Vertical 

19. Key Countries Out of Band Authentication  Market Analysis 2015-2021 and Forecast 2022-2032

    19.1. Introduction

        19.1.1. Market Value Proportion Analysis, By Key Countries

        19.1.2. Global Vs. Country Growth Comparison

    19.2. US Out of Band Authentication  Market Analysis

        19.2.1. Value Proportion Analysis by Market Taxonomy

        19.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.2.2.1. By Authentication Channels

            19.2.2.2. By Component

            19.2.2.3. By Organization Size

            19.2.2.4. By Deployment Type 

            19.2.2.5. By Vertical 

    19.3. Canada Out of Band Authentication  Market Analysis

        19.3.1. Value Proportion Analysis by Market Taxonomy

        19.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.3.2.1. By Authentication Channels

            19.3.2.2. By Component

            19.3.2.3. By Organization Size

            19.3.2.4. By Deployment Type 

            19.3.2.5. By Vertical 

    19.4. Mexico Out of Band Authentication  Market Analysis

        19.4.1. Value Proportion Analysis by Market Taxonomy

        19.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.4.2.1. By Authentication Channels

            19.4.2.2. By Component

            19.4.2.3. By Organization Size

            19.4.2.4. By Deployment Type 

            19.4.2.5. By Vertical 

    19.5. Brazil Out of Band Authentication  Market Analysis

        19.5.1. Value Proportion Analysis by Market Taxonomy

        19.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.5.2.1. By Authentication Channels

            19.5.2.2. By Component

            19.5.2.3. By Organization Size

            19.5.2.4. By Deployment Type 

            19.5.2.5. By Vertical 

    19.6. Germany Out of Band Authentication  Market Analysis

        19.6.1. Value Proportion Analysis by Market Taxonomy

        19.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.6.2.1. By Authentication Channels

            19.6.2.2. By Component

            19.6.2.3. By Organization Size

            19.6.2.4. By Deployment Type 

            19.6.2.5. By Vertical 

    19.7. France Out of Band Authentication  Market Analysis

        19.7.1. Value Proportion Analysis by Market Taxonomy

        19.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.7.2.1. By Authentication Channels

            19.7.2.2. By Component

            19.7.2.3. By Organization Size

            19.7.2.4. By Deployment Type 

            19.7.2.5. By Vertical 

    19.8. Italy Out of Band Authentication  Market Analysis

        19.8.1. Value Proportion Analysis by Market Taxonomy

        19.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.8.2.1. By Authentication Channels

            19.8.2.2. By Component

            19.8.2.3. By Organization Size

            19.8.2.4. By Deployment Type 

            19.8.2.5. By Vertical 

    19.9. Russia Out of Band Authentication  Market Analysis

        19.9.1. Value Proportion Analysis by Market Taxonomy

        19.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.9.2.1. By Authentication Channels

            19.9.2.2. By Component

            19.9.2.3. By Organization Size

            19.9.2.4. By Deployment Type 

            19.9.2.5. By Vertical 

    19.10. UK Out of Band Authentication  Market Analysis

        19.10.1. Value Proportion Analysis by Market Taxonomy

        19.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.10.2.1. By Authentication Channels

            19.10.2.2. By Component

            19.10.2.3. By Organization Size

            19.10.2.4. By Deployment Type 

            19.10.2.5. By Vertical 

    19.11. China Out of Band Authentication  Market Analysis

        19.11.1. Value Proportion Analysis by Market Taxonomy

        19.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.11.2.1. By Authentication Channels

            19.11.2.2. By Component

            19.11.2.3. By Organization Size

            19.11.2.4. By Deployment Type 

            19.11.2.5. By Vertical 

    19.12. Japan Out of Band Authentication  Market Analysis

        19.12.1. Value Proportion Analysis by Market Taxonomy

        19.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.12.2.1. By Authentication Channels

            19.12.2.2. By Component

            19.12.2.3. By Organization Size

            19.12.2.4. By Deployment Type 

            19.12.2.5. By Vertical 

    19.13. South Korea Out of Band Authentication  Market Analysis

        19.13.1. Value Proportion Analysis by Market Taxonomy

        19.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.13.2.1. By Authentication Channels

            19.13.2.2. By Component

            19.13.2.3. By Organization Size

            19.13.2.4. By Deployment Type 

            19.13.2.5. By Vertical 

    19.14. GCC Countries Out of Band Authentication  Market Analysis

        19.14.1. Value Proportion Analysis by Market Taxonomy

        19.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.14.2.1. By Authentication Channels

            19.14.2.2. By Component

            19.14.2.3. By Organization Size

            19.14.2.4. By Deployment Type 

            19.14.2.5. By Vertical 

    19.15. South Africa Out of Band Authentication  Market Analysis

        19.15.1. Value Proportion Analysis by Market Taxonomy

        19.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.15.2.1. By Authentication Channels

            19.15.2.2. By Component

            19.15.2.3. By Organization Size

            19.15.2.4. By Deployment Type 

            19.15.2.5. By Vertical 

    19.16. Turkey Out of Band Authentication  Market Analysis

        19.16.1. Value Proportion Analysis by Market Taxonomy

        19.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.16.2.1. By Authentication Channels

            19.16.2.2. By Component

            19.16.2.3. By Organization Size

            19.16.2.4. By Deployment Type 

            19.16.2.5. By Vertical 

        19.16.3. Competition Landscape and Player Concentration in the Country

20. Market Structure Analysis

    20.1. Market Analysis by Tier of Companies 

    20.2. Market Concentration

    20.3. Market Share Analysis of Top Players

    20.4. Market Presence Analysis

        20.4.1. By Regional footprint of Players

        20.4.2. Product footprint by Players

21. Competition Analysis

    21.1. Competition Dashboard

    21.2. Competition Benchmarking

    21.3. Competition Deep Dive 

        21.3.1. Gemalto 

            21.3.1.1. Overview

            21.3.1.2. Product Portfolio

            21.3.1.3. Sales Footprint

            21.3.1.4. Strategy Overview

        21.3.2. CA Technologies 

        21.3.3. Symantec

        21.3.4. Ping Identity 

        21.3.5. RSA Security 

        21.3.6. Entrust Datacard 

        21.3.7. EZMCOM 

        21.3.8. Duo Security 

        21.3.9. StrikeForce Technologies 

        21.3.10. Nok Nok Labs 

22. Assumptions and Acronyms Used

23. Research Methodology

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List of Tables

Table 1: Global Out of Band Authentication Market Value (US$ Mn),By Authentication Channels, 2015 – 2021

Table 2: Global Out of Band Authentication Market Value (US$ Mn),By Authentication Channels, 2022 – 2032

Table 3: Global Out of Band Authentication Market Value (US$ Mn), By Component, 2015 – 2021

Table 4: Global Out of Band Authentication Market Value (US$ Mn), By Component, 2022 – 2032

Table 5: Global Out of Band Authentication Market Value (US$ Mn), By Organization Size, 2015 – 2021

Table 6: Global Out of Band Authentication Market Value (US$ Mn), By Organization Size, 2022 – 2032

Table 7: Global Out of Band Authentication Market Value (US$ Mn), By Vertical , 2015 – 2021

Table 8: Global Out of Band Authentication Market Value (US$ Mn), By Vertical , 2022 – 2032

Table 9: Global Out of Band Authentication Market Value (US$ Mn), By Deployment Type , 2015 – 2021

Table 10: Global Out of Band Authentication Market Value (US$ Mn), By Deployment Type , 2022 – 2032

Table 11: Global Out of Band Authentication Market, By Region, 2015 – 2021

Table 12: Global Out of Band Authentication Market, By Region, 2022 – 2032

Table 13: North America Out of Band Authentication Market Value (US$ Mn),By Authentication Channels, 2015 – 2021

Table 14: North America Out of Band Authentication Market Value (US$ Mn),By Authentication Channels, 2022 – 2032

Table 15: North America Out of Band Authentication Market Value (US$ Mn), By Component, 2015 – 2021

Table 16: North America Out of Band Authentication Market Value (US$ Mn), By Component, 2022 – 2032

Table 17: North America Out of Band Authentication Market Value (US$ Mn), By Organization Size, 2015 – 2021

Table 18: North America Out of Band Authentication Market Value (US$ Mn), By Organization Size, 2022 – 2032

Table 19: North America Out of Band Authentication Market Value (US$ Mn), By Vertical , 2015 – 2021

Table 20: North America Out of Band Authentication Market Value (US$ Mn), By Vertical , 2022 – 2032

Table 21: North America Out of Band Authentication Market Value (US$ Mn), By Deployment Type , 2015 – 2021

Table 22: North America Out of Band Authentication Market Value (US$ Mn), By Deployment Type , 2022 – 2032

Table 23: North America Out of Band Authentication Market, By Country, 2015 – 2021

Table 24: North America Out of Band Authentication Market, By Country, 2022 – 2032

Table 25: Latin America Out of Band Authentication Market Value (US$ Mn),By Authentication Channels, 2015 – 2021

Table 26: Latin America Out of Band Authentication Market Value (US$ Mn),By Authentication Channels, 2022 – 2032

Table 27: Latin America Out of Band Authentication Market Value (US$ Mn), By Component, 2015 – 2021

Table 28: Latin America Out of Band Authentication Market Value (US$ Mn), By Component, 2022 – 2032

Table 29: Latin America Out of Band Authentication Market Value (US$ Mn), By Organization Size, 2015 – 2021

Table 30: Latin America Out of Band Authentication Market Value (US$ Mn), By Organization Size, 2022 – 2032

Table 31: Latin America Out of Band Authentication Market Value (US$ Mn), By Vertical , 2015 – 2021

Table 32: Latin America Out of Band Authentication Market Value (US$ Mn), By Vertical , 2022 – 2032

Table 33: Latin America Out of Band Authentication Market Value (US$ Mn), By Deployment Type , 2015 – 2021

Table 34: Latin America Out of Band Authentication Market Value (US$ Mn), By Deployment Type , 2022 – 2032

Table 35: Latin America Out of Band Authentication Market, By Country, 2015 – 2021

Table 36: Latin America Out of Band Authentication Market, By Country, 2022 – 2032

Table 37: Europe Out of Band Authentication Market Value (US$ Mn),By Authentication Channels, 2015 – 2021

Table 38: Europe Out of Band Authentication Market Value (US$ Mn),By Authentication Channels, 2022 – 2032

Table 39: Europe Out of Band Authentication Market Value (US$ Mn), By Component, 2015 – 2021

Table 40: Europe Out of Band Authentication Market Value (US$ Mn), By Component, 2022 – 2032

Table 41: Europe Out of Band Authentication Market Value (US$ Mn), By Organization Size, 2015 – 2021

Table 42: Europe Out of Band Authentication Market Value (US$ Mn), By Organization Size, 2022 – 2032

Table 43: Europe Out of Band Authentication Market Value (US$ Mn), By Vertical , 2015 – 2021

Table 44: Europe Out of Band Authentication Market Value (US$ Mn), By Vertical , 2022 – 2032

Table 45: Europe Out of Band Authentication Market Value (US$ Mn), By Deployment Type , 2015 – 2021

Table 46: Europe Out of Band Authentication Market Value (US$ Mn), By Deployment Type , 2022 – 2032

Table 47: Europe Out of Band Authentication Market, By Country, 2015 – 2021

Table 48: Europe Out of Band Authentication Market, By Country, 2022 – 2032

Table 49: Asia Pacific Out of Band Authentication Market Value (US$ Mn),By Authentication Channels, 2015 – 2021

Table 50: Asia Pacific Out of Band Authentication Market Value (US$ Mn),By Authentication Channels, 2022 – 2032

Table 51: Asia Pacific Out of Band Authentication Market Value (US$ Mn), By Component, 2015 – 2021

Table 52: Asia Pacific Out of Band Authentication Market Value (US$ Mn), By Component, 2022 – 2032

Table 53: Asia Pacific Out of Band Authentication Market Value (US$ Mn), By Organization Size, 2015 – 2021

Table 54: Asia Pacific Out of Band Authentication Market Value (US$ Mn), By Organization Size, 2022 – 2032

Table 55: Asia Pacific Out of Band Authentication Market Value (US$ Mn), By Vertical , 2015 – 2021

Table 56: Asia Pacific Out of Band Authentication Market Value (US$ Mn), By Vertical , 2022 – 2032

Table 57: Asia Pacific Out of Band Authentication Market Value (US$ Mn), By Deployment Type , 2015 – 2021

Table 58: Asia Pacific Out of Band Authentication Market Value (US$ Mn), By Deployment Type , 2022 – 2032

Table 59: Asia Pacific Out of Band Authentication Market, By Country, 2015 – 2021

Table 60: Asia Pacific Out of Band Authentication Market, By Country, 2022 – 2032

Table 61: MEA Out of Band Authentication Market Value (US$ Mn),By Authentication Channels, 2015 – 2021

Table 62: MEA Out of Band Authentication Market Value (US$ Mn),By Authentication Channels, 2022 – 2032

Table 63: MEA Out of Band Authentication Market Value (US$ Mn), By Component, 2015 – 2021

Table 64: MEA Out of Band Authentication Market Value (US$ Mn), By Component, 2022 – 2032

Table 65: MEA Out of Band Authentication Market Value (US$ Mn), By Organization Size, 2015 – 2021

Table 66: MEA Out of Band Authentication Market Value (US$ Mn), By Organization Size, 2022 – 2032

Table 67: MEA Out of Band Authentication Market Value (US$ Mn), By Vertical , 2015 – 2021

Table 68: MEA Out of Band Authentication Market Value (US$ Mn), By Vertical , 2022 – 2032

Table 69: MEA Out of Band Authentication Market Value (US$ Mn), By Deployment Type , 2015 – 2021

Table 70: MEA Out of Band Authentication Market Value (US$ Mn), By Deployment Type , 2022 – 2032

Table 71: MEA Out of Band Authentication Market, By Country, 2015 – 2021

Table 72: MEA Out of Band Authentication Market, By Country, 2022 – 2032

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Principal Consultant
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List of Charts

Figure 1: Global Out of Band Authentication Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 2: Global Out of Band Authentication Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 3: Global Out of Band Authentication Market Share, By Authentication Channels, 2022 & 2032

Figure 4: Global Out of Band Authentication Market Y-o-Y Growth Projections, By Authentication Channels–2022-2032

Figure 5: Global Out of Band Authentication Market Attractiveness Index, By Authentication Channels – 2022-2032

Figure 6: Global Out of Band Authentication Market Share, By Component, 2022 & 2032

Figure 7: Global Out of Band Authentication Market Y-o-Y Growth Projections, By Component – 2022-2032

Figure 8: Global Out of Band Authentication Market Attractiveness Index, By Component – 2022-2032

Figure 9: Global Out of Band Authentication Market Share, By Vertical , 2022 & 2032

Figure 10: Global Out of Band Authentication Market Y-o-Y Growth Projections, By Vertical – 2022-2032

Figure 11: Global Out of Band Authentication Market Attractiveness Index, By Vertical – 2022-2032

Figure 12: Global Out of Band Authentication Market Share, By Organization Size, 2022 & 2032

Figure 13: Global Out of Band Authentication Market Y-o-Y Growth Projections, By Organization Size – 2022-2032

Figure 14: Global Out of Band Authentication Market Attractiveness Index, By Organization Size – 2022-2032

Figure 15: Global Out of Band Authentication Market Share, By Deployment Type , 2022 & 2032

Figure 16: Global Out of Band Authentication Market Y-o-Y Growth Projections, By Deployment Type – 2022-2032

Figure 17: Global Out of Band Authentication Market Attractiveness Index, By Deployment Type – 2022-2032

Figure 18: Global Out of Band Authentication Market Share, By Region, 2022 & 2032

Figure 19: Global Out of Band Authentication Market Y-o-Y Growth Projections, By Region – 2022-2032

Figure 20: Global Out of Band Authentication Market Attractiveness Index, By Region – 2022-2032

Figure 21: North America Out of Band Authentication Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 22: North America Out of Band Authentication Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 23: North America Out of Band Authentication Market Share, By Authentication Channels, 2022 & 2032

Figure 24: North America Out of Band Authentication Market Y-o-Y Growth Projections, By Authentication Channels – 2022-2032

Figure 25: North America Out of Band Authentication Market Attractiveness Index, By Authentication Channels – 2022-2032

Figure 26: North America Out of Band Authentication Market Share, By Component, 2022 & 2032

Figure 27: North America Out of Band Authentication Market Y-o-Y Growth Projections, By Component – 2022-2032

Figure 28: North America Out of Band Authentication Market Attractiveness Index, By Component – 2022-2032

Figure 29: North America Out of Band Authentication Market Share, By Vertical , 2022 & 2032

Figure 30: North America Out of Band Authentication Market Y-o-Y Growth Projections, By Vertical – 2022-2032

Figure 31: North America Out of Band Authentication Market Attractiveness Index, By Vertical – 2022-2032

Figure 32: North America Out of Band Authentication Market Share, By Organization Size, 2022 & 2032

Figure 33: North America Out of Band Authentication Market Y-o-Y Growth Projections, By Organization Size – 2022-2032

Figure 34: North America Out of Band Authentication Market Attractiveness Index, By Organization Size – 2022-2032

Figure 35: North America Out of Band Authentication Market Share, By Deployment Type , 2022 & 2032

Figure 36: North America Out of Band Authentication Market Y-o-Y Growth Projections, By Deployment Type – 2022-2032

Figure 37: North America Out of Band Authentication Market Attractiveness Index, By Deployment Type – 2022-2032

Figure 38: North America Out of Band Authentication Market Share, By Country, 2022 & 2032

Figure 39: North America Out of Band Authentication Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 40: North America Out of Band Authentication Market Attractiveness Index, By Country – 2022-2032

Figure 41: Latin America Out of Band Authentication Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 42: Latin America Out of Band Authentication Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 43: Latin America Out of Band Authentication Market Share, By Authentication Channels, 2022 & 2032

Figure 44: Latin America Out of Band Authentication Market Y-o-Y Growth Projections, By Authentication Channels – 2022-2032

Figure 45: Latin America Out of Band Authentication Market Attractiveness Index, By Authentication Channels – 2022-2032

Figure 46: Latin America Out of Band Authentication Market Share, By Component, 2022 & 2032

Figure 47: Latin America Out of Band Authentication Market Y-o-Y Growth Projections, By Component – 2022-2032

Figure 48: Latin America Out of Band Authentication Market Attractiveness Index, By Component – 2022-2032

Figure 49: Latin America Out of Band Authentication Market Share, By Vertical , 2022 & 2032

Figure 50: Latin America Out of Band Authentication Market Y-o-Y Growth Projections, By Vertical – 2022-2032

Figure 51: Latin America Out of Band Authentication Market Attractiveness Index, By Vertical – 2022-2032

Figure 52: Latin America Out of Band Authentication Market Share, By Organization Size, 2022 & 2032

Figure 53: Latin America Out of Band Authentication Market Y-o-Y Growth Projections, By Organization Size – 2022-2032

Figure 54: Latin America Out of Band Authentication Market Attractiveness Index, By Organization Size – 2022-2032

Figure 55: Latin America Out of Band Authentication Market Share, By Deployment Type , 2022 & 2032

Figure 56: Latin America Out of Band Authentication Market Y-o-Y Growth Projections, By Deployment Type – 2022-2032

Figure 57: Latin America Out of Band Authentication Market Attractiveness Index, By Deployment Type – 2022-2032

Figure 58: Latin America Out of Band Authentication Market Share, By Country, 2022 & 2032

Figure 59: Latin America Out of Band Authentication Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 60: Latin America Out of Band Authentication Market Attractiveness Index, By Country – 2022-2032

Figure 61: Europe Out of Band Authentication Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 62: Europe Out of Band Authentication Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 63: Europe Out of Band Authentication Market Share, By Authentication Channels, 2022 & 2032

Figure 64: Europe Out of Band Authentication Market Y-o-Y Growth Projections, By Authentication Channels – 2022-2032

Figure 65: Europe Out of Band Authentication Market Attractiveness Index, By Authentication Channels – 2022-2032

Figure 66: Europe Out of Band Authentication Market Share, By Component, 2022 & 2032

Figure 67: Europe Out of Band Authentication Market Y-o-Y Growth Projections, By Component – 2022-2032

Figure 68: Europe Out of Band Authentication Market Attractiveness Index, By Component – 2022-2032

Figure 69: Europe Out of Band Authentication Market Share, By Vertical , 2022 & 2032

Figure 70: Europe Out of Band Authentication Market Y-o-Y Growth Projections, By Vertical – 2022-2032

Figure 71: Europe Out of Band Authentication Market Attractiveness Index, By Vertical – 2022-2032

Figure 72: Europe Out of Band Authentication Market Share, By Organization Size, 2022 & 2032

Figure 73: Europe Out of Band Authentication Market Y-o-Y Growth Projections, By Organization Size – 2022-2032

Figure 74: Europe Out of Band Authentication Market Attractiveness Index, By Organization Size – 2022-2032

Figure 75: Europe Out of Band Authentication Market Share, By Deployment Type , 2022 & 2032

Figure 76: Europe Out of Band Authentication Market Y-o-Y Growth Projections, By Deployment Type – 2022-2032

Figure 77: Europe Out of Band Authentication Market Attractiveness Index, By Deployment Type – 2022-2032

Figure 78: Europe Out of Band Authentication Market Share, By Country, 2022 & 2032

Figure 79: Europe Out of Band Authentication Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 80: Europe Out of Band Authentication Market Attractiveness Index, By Country – 2022-2032

Figure 81: Asia Pacific Out of Band Authentication Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 82: Asia Pacific Out of Band Authentication Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032),US$ Mn

Figure 83: Asia Pacific Out of Band Authentication Market Share, By Authentication Channels, 2022 & 2032

Figure 84: Asia Pacific Out of Band Authentication Market Y-o-Y Growth Projections, By Authentication Channels – 2022-2032

Figure 85: Asia Pacific Out of Band Authentication Market Attractiveness Index, By Authentication Channels – 2022-2032

Figure 86: Asia Pacific Out of Band Authentication Market Share, By Component, 2022 & 2032

Figure 87: Asia Pacific Out of Band Authentication Market Y-o-Y Growth Projections, By Component – 2022-2032

Figure 88: Asia Pacific Out of Band Authentication Market Attractiveness Index, By Component – 2022-2032

Figure 89: Asia Pacific Out of Band Authentication Market Share, By Vertical , 2022 & 2032

Figure 90: Asia Pacific Out of Band Authentication Market Y-o-Y Growth Projections, By Vertical – 2022-2032

Figure 91: Asia Pacific Out of Band Authentication Market Attractiveness Index, By Vertical – 2022-2032

Figure 92: Asia Pacific Out of Band Authentication Market Share, By Organization Size, 2022 & 2032

Figure 93: Asia Pacific Out of Band Authentication Market Y-o-Y Growth Projections, By Organization Size – 2022-2032

Figure 94: Asia Pacific Out of Band Authentication Market Attractiveness Index, By Organization Size – 2022-2032

Figure 95: Asia Pacific Out of Band Authentication Market Share, By Deployment Type , 2022 & 2032

Figure 96: Asia Pacific Out of Band Authentication Market Y-o-Y Growth Projections, By Deployment Type – 2022-2032

Figure 97: Asia Pacific Out of Band Authentication Market Attractiveness Index, By Deployment Type – 2022-2032

Figure 98: Asia Pacific Out of Band Authentication Market Share, By Country, 2022 & 2032

Figure 99: Asia Pacific Out of Band Authentication Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 100: Asia Pacific Out of Band Authentication Market Attractiveness Index, By Country – 2022-2032

Figure 101: MEA Out of Band Authentication Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 102: MEA Out of Band Authentication Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 103: MEA Out of Band Authentication Market Share, By Authentication Channels, 2022 & 2032

Figure 104: MEA Out of Band Authentication Market Y-o-Y Growth Projections, By Authentication Channels – 2022-2032

Figure 105: MEA Out of Band Authentication Market Attractiveness Index, By Authentication Channels – 2022-2032

Figure 106: MEA Out of Band Authentication Market Share, By Component, 2022 & 2032

Figure 107: MEA Out of Band Authentication Market Y-o-Y Growth Projections, By Component – 2022-2032

Figure 108: MEA Out of Band Authentication Market Attractiveness Index, By Component – 2022-2032

Figure 109: MEA Out of Band Authentication Market Share, By Vertical , 2022 & 2032

Figure 110: MEA Out of Band Authentication Market Y-o-Y Growth Projections, By Vertical – 2022-2032

Figure 111: MEA Out of Band Authentication Market Attractiveness Index, By Vertical – 2022-2032

Figure 112: MEA Out of Band Authentication Market Share, By Organization Size, 2022 & 2032

Figure 113: MEA Out of Band Authentication Market Y-o-Y Growth Projections, By Organization Size – 2022-2032

Figure 114: MEA Out of Band Authentication Market Attractiveness Index, By Organization Size – 2022-2032

Figure 115: MEA Out of Band Authentication Market Share, By Deployment Type , 2022 & 2032

Figure 116: MEA Out of Band Authentication Market Y-o-Y Growth Projections, By Deployment Type – 2022-2032

Figure 117: MEA Out of Band Authentication Market Attractiveness Index, By Deployment Type – 2022-2032

Figure 118: MEA Out of Band Authentication Market Share, By Country, 2022 & 2032

Figure 119: MEA Out of Band Authentication Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 120: MEA Out of Band Authentication Market Attractiveness Index, By Country – 2022-2032

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