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Out of band Authentication Market Outlook (2022 to 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 advanced authentication technology in major industries like banking, retail, and healthcare helps in easy operations of automated out of band authentication resulting in the growth of the market through the forecasting period

Attributes Details
Out of band authentication Market CAGR (2022 to 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 of authentication services by government and enterprises is likely to 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 concern in industries, such as financial services, payment cards, baking, insurance, and healthcare sectors. All these companies follow the data privacy and security requirement set by regulatory authorities. This results in increased demand for band authentication.

Also, the presence of stringent rules and regulations related to data privacy contributed to the growth of the out-of-band authentication market in the 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 requirements boost the growth of the out-of-band authentication market

A growing number of online transactions and compliance requirements are one of the major driving factors of the out-of-band authentication market. The frequency of cyber-attack is high in online transactions thus to minimize the cyber-attack many organizations 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.

Out of Band Authentication Market

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 fraud and optimize approval rates, potentially boosting revenue across all channels. According to 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?

The increasing use of laptops, tablets, smartphones, and smart gadgets has increased the usability of 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 blockchain in many enterprises impelled the growth of the market.

The 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 the band authentication market.

With a major emphasis on the 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 institutions and different industries is a key factor driving market growth.

Adopting software solution that generates one-time passcodes (OTPs) and is sent using via email or SMS text message is 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 the 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 restraint 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 organization size, the SME 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 serve many customers all over the world. On the other hand, the large enterprise 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 USA 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 USA is focused on deploying band authentication-based solutions in various spheres.

Increasing adoption of the 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 the highest share during the forecast period due to the 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 UK 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.

Countries Estimated CAGR
USA 13.1%
UK 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 in the global out-of-band authentication market include Gemalto, CA Technologies, Symantec, Ping Identity, and 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 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

By Component:

  • Solutions
    • Hardware Solutions
    • Software Solutions
  • in Services
    • Professional Services
    • Managed Services

By Authentication Channel:

  • via SMS
  • via Email
  • via Push Notification
  • via Voice
  • Token-based
  • Other Channels

By Deployment Type:

  • Cloud-based
  • On-Premises based

By Organisation Size:

  • for SMEs
  • for Large Enterprises

By Vertical:

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

By Region:

  • North America Market
  • Europe Market
  • Asia Pacific Market
  • Middle East & Africa Market
  • Latin America Market

Frequently Asked Questions

What is the estimated market size of the out of band authentication in 2021?

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

What is the projected market value of the out of band authentication market by 2032?

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.

What is the emerging opportunity in the out of band authentication market?

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

Who are the key players in the out of band authentication market?

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

What are the factors propelling the out of band authentication?

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.

What is the expected growth rate of the out of band authentication in the USA?

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

Table of Content

1. Executive Summary | Out of Band Authentication Market

    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 Demand

        3.1.2. COVID-19 Impact Benchmark with Previous Crisis

        3.1.3. Impact on Market Value (US$ Million)

        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. Market, by Key Countries

    4.2. Market Opportunity Assessment (US$ Million)

        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. 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. 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 Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032

    6.1. Historical Market Analysis, 2015 to 2021

    6.2. Current and Future Market Projections, 2022 to 2032

    6.3. Y-o-Y Growth Trend Analysis

7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032

    7.1. Historical Market Value (US$ Million) Analysis, 2015 to 2021

    7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Component

    8.1. Introduction / Key Findings

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

    8.3. Current and Future Market Value (US$ Million) and Analysis and Forecast By Component, 2022 to 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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Organization Size

    9.1. Introduction / Key Findings

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

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

        9.3.1. SMEs

        9.3.2. Large Enterprises

    9.4. Market Attractiveness Analysis By Organization Size

10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Authentication Channels

    10.1. Introduction / Key Findings

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

    10.3. Current and Future Market Value (US$ Million) and Analysis and ForecastBy Authentication Channels, 2022 to 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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Deployment Type

    11.1. Introduction / Key Findings

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

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

        11.3.1. Cloud

        11.3.2. On-premises

    11.4. Market Attractiveness Analysis By Deployment Type

12. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Vertical

    12.1. Introduction / Key Findings

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

    12.3. Current and Future Market Value (US$ Million) and Analysis and Forecast By Vertical, 2022 to 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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region

    13.1. Introduction

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

    13.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    14.1. Introduction

    14.2. Pricing Analysis

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

    14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

        14.4.1. By Country

            14.4.1.1. United States of America

            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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    15.1. Introduction

    15.2. Pricing Analysis

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

    15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    16.1. Introduction

    16.2. Pricing Analysis

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

    16.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

        16.4.1. By Country

            16.4.1.1. Germany

            16.4.1.2. France

            16.4.1.3. United Kingdom

            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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    17.1. Introduction

    17.2. Pricing Analysis

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

    17.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 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 Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    18.1. Introduction

    18.2. Pricing Analysis

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

    18.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 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 Market Analysis 2015 to 2021 and Forecast 2022 to 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 Market Analysis

        19.2.1. Value Proportion Analysis by Market Taxonomy

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

        19.3.1. Value Proportion Analysis by Market Taxonomy

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

        19.4.1. Value Proportion Analysis by Market Taxonomy

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

        19.5.1. Value Proportion Analysis by Market Taxonomy

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

        19.6.1. Value Proportion Analysis by Market Taxonomy

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

        19.7.1. Value Proportion Analysis by Market Taxonomy

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

        19.8.1. Value Proportion Analysis by Market Taxonomy

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

        19.9.1. Value Proportion Analysis by Market Taxonomy

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

        19.10.1. Value Proportion Analysis by Market Taxonomy

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

        19.11.1. Value Proportion Analysis by Market Taxonomy

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

        19.12.1. Value Proportion Analysis by Market Taxonomy

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

        19.13.1. Value Proportion Analysis by Market Taxonomy

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

        19.14.1. Value Proportion Analysis by Market Taxonomy

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

        19.15.1. Value Proportion Analysis by Market Taxonomy

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

        19.16.1. Value Proportion Analysis by Market Taxonomy

        19.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 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 Market Value (US$ Million), By Authentication Channels, 2015 to 2021

Table 2: Global Market Value (US$ Million), By Authentication Channels, 2022 to 2032

Table 3: Global Market Value (US$ Million), By Component, 2015 to 2021

Table 4: Global Market Value (US$ Million), By Component, 2022 to 2032

Table 5: Global Market Value (US$ Million), By Organization Size, 2015 to 2021

Table 6: Global Market Value (US$ Million), By Organization Size, 2022 to 2032

Table 7: Global Market Value (US$ Million), By Vertical, 2015 to 2021

Table 8: Global Market Value (US$ Million), By Vertical, 2022 to 2032

Table 9: Global Market Value (US$ Million), By Deployment Type, 2015 to 2021

Table 10: Global Market Value (US$ Million), By Deployment Type, 2022 to 2032

Table 11: Global Market, By Region, 2015 to 2021

Table 12: Global Market, By Region, 2022 to 2032

Table 13: North America Market Value (US$ Million), By Authentication Channels, 2015 to 2021

Table 14: North America Market Value (US$ Million), By Authentication Channels, 2022 to 2032

Table 15: North America Market Value (US$ Million), By Component, 2015 to 2021

Table 16: North America Market Value (US$ Million), By Component, 2022 to 2032

Table 17: North America Market Value (US$ Million), By Organization Size, 2015 to 2021

Table 18: North America Market Value (US$ Million), By Organization Size, 2022 to 2032

Table 19: North America Market Value (US$ Million), By Vertical, 2015 to 2021

Table 20: North America Market Value (US$ Million), By Vertical, 2022 to 2032

Table 21: North America Market Value (US$ Million), By Deployment Type, 2015 to 2021

Table 22: North America Market Value (US$ Million), By Deployment Type, 2022 to 2032

Table 23: North America Market, By Country, 2015 to 2021

Table 24: North America Market, By Country, 2022 to 2032

Table 25: Latin America Market Value (US$ Million), By Authentication Channels, 2015 to 2021

Table 26: Latin America Market Value (US$ Million), By Authentication Channels, 2022 to 2032

Table 27: Latin America Market Value (US$ Million), By Component, 2015 to 2021

Table 28: Latin America Market Value (US$ Million), By Component, 2022 to 2032

Table 29: Latin America Market Value (US$ Million), By Organization Size, 2015 to 2021

Table 30: Latin America Market Value (US$ Million), By Organization Size, 2022 to 2032

Table 31: Latin America Market Value (US$ Million), By Vertical, 2015 to 2021

Table 32: Latin America Market Value (US$ Million), By Vertical, 2022 to 2032

Table 33: Latin America Market Value (US$ Million), By Deployment Type, 2015 to 2021

Table 34: Latin America Market Value (US$ Million), By Deployment Type, 2022 to 2032

Table 35: Latin America Market, By Country, 2015 to 2021

Table 36: Latin America Market, By Country, 2022 to 2032

Table 37: Europe Market Value (US$ Million), By Authentication Channels, 2015 to 2021

Table 38: Europe Market Value (US$ Million), By Authentication Channels, 2022 to 2032

Table 39: Europe Market Value (US$ Million), By Component, 2015 to 2021

Table 40: Europe Market Value (US$ Million), By Component, 2022 to 2032

Table 41: Europe Market Value (US$ Million), By Organization Size, 2015 to 2021

Table 42: Europe Market Value (US$ Million), By Organization Size, 2022 to 2032

Table 43: Europe Market Value (US$ Million), By Vertical, 2015 to 2021

Table 44: Europe Market Value (US$ Million), By Vertical, 2022 to 2032

Table 45: Europe Market Value (US$ Million), By Deployment Type, 2015 to 2021

Table 46: Europe Market Value (US$ Million), By Deployment Type, 2022 to 2032

Table 47: Europe Market, By Country, 2015 to 2021

Table 48: Europe Market, By Country, 2022 to 2032

Table 49: Asia Pacific Market Value (US$ Million), By Authentication Channels, 2015 to 2021

Table 50: Asia Pacific Market Value (US$ Million), By Authentication Channels, 2022 to 2032

Table 51: Asia Pacific Market Value (US$ Million), By Component, 2015 to 2021

Table 52: Asia Pacific Market Value (US$ Million), By Component, 2022 to 2032

Table 53: Asia Pacific Market Value (US$ Million), By Organization Size, 2015 to 2021

Table 54: Asia Pacific Market Value (US$ Million), By Organization Size, 2022 to 2032

Table 55: Asia Pacific Market Value (US$ Million), By Vertical, 2015 to 2021

Table 56: Asia Pacific Market Value (US$ Million), By Vertical, 2022 to 2032

Table 57: Asia Pacific Market Value (US$ Million), By Deployment Type, 2015 to 2021

Table 58: Asia Pacific Market Value (US$ Million), By Deployment Type, 2022 to 2032

Table 59: Asia Pacific Market, By Country, 2015 to 2021

Table 60: Asia Pacific Market, By Country, 2022 to 2032

Table 61: MEA Market Value (US$ Million), By Authentication Channels, 2015 to 2021

Table 62: MEA Market Value (US$ Million), By Authentication Channels, 2022 to 2032

Table 63: MEA Market Value (US$ Million), By Component, 2015 to 2021

Table 64: MEA Market Value (US$ Million), By Component, 2022 to 2032

Table 65: MEA Market Value (US$ Million), By Organization Size, 2015 to 2021

Table 66: MEA Market Value (US$ Million), By Organization Size, 2022 to 2032

Table 67: MEA Market Value (US$ Million), By Vertical, 2015 to 2021

Table 68: MEA Market Value (US$ Million), By Vertical, 2022 to 2032

Table 69: MEA Market Value (US$ Million), By Deployment Type, 2015 to 2021

Table 70: MEA Market Value (US$ Million), By Deployment Type, 2022 to 2032

Table 71: MEA Market, By Country, 2015 to 2021

Table 72: MEA Market, By Country, 2022 to 2032
Sudip Saha
Sudip Saha

Principal Consultant

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List of Charts

Figure 1: Global Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million

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

Figure 4: Global Market Y-o-Y Growth Projections, By Authentication Channels-2022 to 2032

Figure 5: Global Market Attractiveness Index, By Authentication Channels - 2022 to 2032

Figure 6: Global Market Share, By Component, 2022 & 2032

Figure 7: Global Market Y-o-Y Growth Projections, By Component - 2022 to 2032

Figure 8: Global Market Attractiveness Index, By Component - 2022 to 2032

Figure 9: Global Market Share, By Vertical, 2022 & 2032

Figure 10: Global Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032

Figure 11: Global Market Attractiveness Index, By Vertical - 2022 to 2032

Figure 12: Global Market Share, By Organization Size, 2022 & 2032

Figure 13: Global Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032

Figure 14: Global Market Attractiveness Index, By Organization Size - 2022 to 2032

Figure 15: Global Market Share, By Deployment Type, 2022 & 2032

Figure 16: Global Market Y-o-Y Growth Projections, By Deployment Type - 2022 to 2032

Figure 17: Global Market Attractiveness Index, By Deployment Type - 2022 to 2032

Figure 18: Global Market Share, By Region, 2022 & 2032

Figure 19: Global Market Y-o-Y Growth Projections, By Region - 2022 to 2032

Figure 20: Global Market Attractiveness Index, By Region - 2022 to 2032

Figure 21: North America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 22: North America Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million

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

Figure 24: North America Market Y-o-Y Growth Projections, By Authentication Channels - 2022 to 2032

Figure 25: North America Market Attractiveness Index, By Authentication Channels - 2022 to 2032

Figure 26: North America Market Share, By Component, 2022 & 2032

Figure 27: North America Market Y-o-Y Growth Projections, By Component - 2022 to 2032

Figure 28: North America Market Attractiveness Index, By Component - 2022 to 2032

Figure 29: North America Market Share, By Vertical, 2022 & 2032

Figure 30: North America Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032

Figure 31: North America Market Attractiveness Index, By Vertical - 2022 to 2032

Figure 32: North America Market Share, By Organization Size, 2022 & 2032

Figure 33: North America Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032

Figure 34: North America Market Attractiveness Index, By Organization Size - 2022 to 2032

Figure 35: North America Market Share, By Deployment Type, 2022 & 2032

Figure 36: North America Market Y-o-Y Growth Projections, By Deployment Type - 2022 to 2032

Figure 37: North America Market Attractiveness Index, By Deployment Type - 2022 to 2032

Figure 38: North America Market Share, By Country, 2022 & 2032

Figure 39: North America Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 40: North America Market Attractiveness Index, By Country - 2022 to 2032

Figure 41: Latin America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 42: Latin America Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million

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

Figure 44: Latin America Market Y-o-Y Growth Projections, By Authentication Channels - 2022 to 2032

Figure 45: Latin America Market Attractiveness Index, By Authentication Channels - 2022 to 2032

Figure 46: Latin America Market Share, By Component, 2022 & 2032

Figure 47: Latin America Market Y-o-Y Growth Projections, By Component - 2022 to 2032

Figure 48: Latin America Market Attractiveness Index, By Component - 2022 to 2032

Figure 49: Latin America Market Share, By Vertical, 2022 & 2032

Figure 50: Latin America Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032

Figure 51: Latin America Market Attractiveness Index, By Vertical - 2022 to 2032

Figure 52: Latin America Market Share, By Organization Size, 2022 & 2032

Figure 53: Latin America Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032

Figure 54: Latin America Market Attractiveness Index, By Organization Size - 2022 to 2032

Figure 55: Latin America Market Share, By Deployment Type, 2022 & 2032

Figure 56: Latin America Market Y-o-Y Growth Projections, By Deployment Type - 2022 to 2032

Figure 57: Latin America Market Attractiveness Index, By Deployment Type - 2022 to 2032

Figure 58: Latin America Market Share, By Country, 2022 & 2032

Figure 59: Latin America Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 60: Latin America Market Attractiveness Index, By Country - 2022 to 2032

Figure 61: Europe Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 62: Europe Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million

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

Figure 64: Europe Market Y-o-Y Growth Projections, By Authentication Channels - 2022 to 2032

Figure 65: Europe Market Attractiveness Index, By Authentication Channels - 2022 to 2032

Figure 66: Europe Market Share, By Component, 2022 & 2032

Figure 67: Europe Market Y-o-Y Growth Projections, By Component - 2022 to 2032

Figure 68: Europe Market Attractiveness Index, By Component - 2022 to 2032

Figure 69: Europe Market Share, By Vertical, 2022 & 2032

Figure 70: Europe Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032

Figure 71: Europe Market Attractiveness Index, By Vertical - 2022 to 2032

Figure 72: Europe Market Share, By Organization Size, 2022 & 2032

Figure 73: Europe Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032

Figure 74: Europe Market Attractiveness Index, By Organization Size - 2022 to 2032

Figure 75: Europe Market Share, By Deployment Type, 2022 & 2032

Figure 76: Europe Market Y-o-Y Growth Projections, By Deployment Type - 2022 to 2032

Figure 77: Europe Market Attractiveness Index, By Deployment Type - 2022 to 2032

Figure 78: Europe Market Share, By Country, 2022 & 2032

Figure 79: Europe Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 80: Europe Market Attractiveness Index, By Country - 2022 to 2032

Figure 81: Asia Pacific Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 82: Asia Pacific Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032),US$ Million

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

Figure 84: Asia Pacific Market Y-o-Y Growth Projections, By Authentication Channels - 2022 to 2032

Figure 85: Asia Pacific Market Attractiveness Index, By Authentication Channels - 2022 to 2032

Figure 86: Asia Pacific Market Share, By Component, 2022 & 2032

Figure 87: Asia Pacific Market Y-o-Y Growth Projections, By Component - 2022 to 2032

Figure 88: Asia Pacific Market Attractiveness Index, By Component - 2022 to 2032

Figure 89: Asia Pacific Market Share, By Vertical, 2022 & 2032

Figure 90: Asia Pacific Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032

Figure 91: Asia Pacific Market Attractiveness Index, By Vertical - 2022 to 2032

Figure 92: Asia Pacific Market Share, By Organization Size, 2022 & 2032

Figure 93: Asia Pacific Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032

Figure 94: Asia Pacific Market Attractiveness Index, By Organization Size - 2022 to 2032

Figure 95: Asia Pacific Market Share, By Deployment Type, 2022 & 2032

Figure 96: Asia Pacific Market Y-o-Y Growth Projections, By Deployment Type - 2022 to 2032

Figure 97: Asia Pacific Market Attractiveness Index, By Deployment Type - 2022 to 2032

Figure 98: Asia Pacific Market Share, By Country, 2022 & 2032

Figure 99: Asia Pacific Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 100: Asia Pacific Market Attractiveness Index, By Country - 2022 to 2032

Figure 101: MEA Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 102: MEA Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million

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

Figure 104: MEA Market Y-o-Y Growth Projections, By Authentication Channels - 2022 to 2032

Figure 105: MEA Market Attractiveness Index, By Authentication Channels - 2022 to 2032

Figure 106: MEA Market Share, By Component, 2022 & 2032

Figure 107: MEA Market Y-o-Y Growth Projections, By Component - 2022 to 2032

Figure 108: MEA Market Attractiveness Index, By Component - 2022 to 2032

Figure 109: MEA Market Share, By Vertical, 2022 & 2032

Figure 110: MEA Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032

Figure 111: MEA Market Attractiveness Index, By Vertical - 2022 to 2032

Figure 112: MEA Market Share, By Organization Size, 2022 & 2032

Figure 113: MEA Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032

Figure 114: MEA Market Attractiveness Index, By Organization Size - 2022 to 2032

Figure 115: MEA Market Share, By Deployment Type, 2022 & 2032

Figure 116: MEA Market Y-o-Y Growth Projections, By Deployment Type - 2022 to 2032

Figure 117: MEA Market Attractiveness Index, By Deployment Type - 2022 to 2032

Figure 118: MEA Market Share, By Country, 2022 & 2032

Figure 119: MEA Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 120: MEA Market Attractiveness Index, By Country - 2022 to 2032

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