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Global Out-of-band (OOB) Authentication Market to reach USD XX million by 2028.

Global Out-of-band (OOB) Authentication Market Size study, By Component (Solution, Services), by Deployment Type (On Premise, Cloud), by Enterprise Size (Large Enterprises, Small and Medium Sized Enterprises), By End Use Industry (BFSI, IT and Telecom, Government and Defense, Retail, Healthcare, Media and Entertainment, Others), and Regional Forecasts 2022-2028

Product Code: ICTNS-42984048
Publish Date: 14-08-2022
Page: 200

Global Out-of-band (OOB) Authentication Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.

The Out-of-band (OOB) Authentication can be defined as a type of two-factor authentication that uses a secondary verification method through a separate communication channel along with the typical ID and password. OOB Authentication is widely utilized by financial institutions and organizations where high security standards are required. The rising growth of online transactions in Post covid era and increasing penetration of smartphones as well as recent collaboration from leading market players are factors that are accelerating the global market demand. For instance, according to Statista – during FY 2020, the volume of digital payments in India was estimated at 34 billion transactions and this number is further increased to 71.95 billion transections. In addition, in 2022, globally total transaction value in the Digital Payments segment is estimated at USD 8.49 trillion and the transaction value is projected to show a CAGR of 12.82% between 2022 & 2026 to reach to USD 13.75 trillion by 2026. Furthermore, leading market players are working towards strategic collaborations and partnerships to leverage the growing demand for OOB Authentication solutions. For instance, in January 2022, Australia based EML Payments Ltd (EML) partnered with Zurich based Netcetera, to implement their state-of-the-art Access Control Server (ACS) which includes a Risk Based Authentication (RBA) solution. Netcetera ACS is based on a modular system, and offers an integrated Out of Band (OOB) authentication method. Also, growing number of compliance requirements by Central Banks and rising incidences of online financial frauds are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, security concerns associated to the Out-of-band (OOB) Authentication & high association cost of OOB Authentication impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Out-of-band (OOB) Authentication Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing number of financial frauds and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of online payment gateways and increasing penetration of leading market players, would create lucrative growth prospects for the global Out-of-band (OOB) Authentication Market across the Asia Pacific region.

Major market players included in this report are:
Deepnet Security
CA Technologies (Broadcom Inc.)
Early Warning Services, LLC
Gemalto N.V. (Thales DIS)
SecurEnvoy Ltd.
StrikeForce Technologies, Inc.
NortonLifeLock, Inc. (Symantec Corporation)
TeleSign Corporation
OneSpan (VASCO Data Security International, Inc.)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component
By Deployment Type
On Premise
By Enterprise Size
Large Enterprises
Small and Medium Sized Enterprises
By End Use Industry
IT and Telecom
Government and Defense
Retail, Healthcare
Media and Entertainment
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Out-of-band (OOB) Authentication Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Out-of-band (OOB) Authentication Market, by Region, 2020-2028 (USD Million)
1.2.2. Out-of-band (OOB) Authentication Market, by Component, 2020-2028 (USD Million)
1.2.3. Out-of-band (OOB) Authentication Market, by Deployment Type, 2020-2028 (USD Million)
1.2.4. Global Out-of-band (OOB) Authentication Market, by Enterprise Size, 2020-2028 (USD Million)
1.2.5. Global Out-of-band (OOB) Authentication Market, by End Use Industry, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Out-of-band (OOB) Authentication Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Out-of-band (OOB) Authentication Market Dynamics
3.1. Out-of-band (OOB) Authentication Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Rising growth of online transactions in Post covid era. Increasing penetration of smartphones. Recent collaboration from leading market players.
3.1.2. Market Challenges Security concerns associated to the Out-of-band (OOB) Authentication. High association cost of OOB Authentication.
3.1.3. Market Opportunities Growing number of compliance requirements by Central Banks. Rising incidences of online financial frauds.
Chapter 4. Global Out-of-band (OOB) Authentication Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Out-of-band (OOB) Authentication Market, by Component
6.1. Market Snapshot
6.2. Global Out-of-band (OOB) Authentication Market by Component, Performance – Potential Analysis
6.3. Global Out-of-band (OOB) Authentication Market Estimates & Forecasts by Component 2018-2028 (USD Million)
6.4. Out-of-band (OOB) Authentication Market, Sub Segment Analysis
6.4.1. Solution
6.4.2. Service
Chapter 7. Global Out-of-band (OOB) Authentication Market, by Deployment Type
7.1. Market Snapshot
7.2. Global Out-of-band (OOB) Authentication Market by Deployment Type, Performance – Potential Analysis
7.3. Global Out-of-band (OOB) Authentication Market Estimates & Forecasts by Deployment Type 2018-2028 (USD Million)
7.4. Out-of-band (OOB) Authentication Market, Sub Segment Analysis
7.4.1. On Premise
7.4.2. Cloud
Chapter 8. Global Out-of-band (OOB) Authentication Market, by Enterprise Size
8.1. Market Snapshot
8.2. Global Out-of-band (OOB) Authentication Market by Enterprise Size, Performance – Potential Analysis
8.3. Global Out-of-band (OOB) Authentication Market Estimates & Forecasts by Enterprise Size 2018-2028 (USD Million)
8.4. Out-of-band (OOB) Authentication Market, Sub Segment Analysis
8.4.1. Large Enterprises
8.4.2. Small and Medium Sized Enterprises
Chapter 9. Global Out-of-band (OOB) Authentication Market, by End Use Industry
9.1. Market Snapshot
9.2. Global Out-of-band (OOB) Authentication Market by End Use Industry, Performance – Potential Analysis
9.3. Global Out-of-band (OOB) Authentication Market Estimates & Forecasts by End Use Industry 2018-2028 (USD Million)
9.4. Out-of-band (OOB) Authentication Market, Sub Segment Analysis
9.4.1. BFSI
9.4.2. IT and Telecom
9.4.3. Government and Defense
9.4.4. Retail
9.4.5. Healthcare
9.4.6. Media and Entertainment
9.4.7. Others
Chapter 10. Global Out-of-band (OOB) Authentication Market, Regional Analysis
10.1. Out-of-band (OOB) Authentication Market, Regional Market Snapshot
10.2. North America Out-of-band (OOB) Authentication Market
10.2.1. U.S. Out-of-band (OOB) Authentication Market Component estimates & forecasts, 2018-2028 Deployment Type estimates & forecasts, 2018-2028 Enterprise Size estimates & forecasts, 2018-2028 End Use Industry estimates & forecasts, 2018-2028
10.2.2. Canada Out-of-band (OOB) Authentication Market
10.3. Europe Out-of-band (OOB) Authentication Market Snapshot
10.3.1. U.K. Out-of-band (OOB) Authentication Market
10.3.2. Germany Out-of-band (OOB) Authentication Market
10.3.3. France Out-of-band (OOB) Authentication Market
10.3.4. Spain Out-of-band (OOB) Authentication Market
10.3.5. Italy Out-of-band (OOB) Authentication Market
10.3.6. Rest of Europe Out-of-band (OOB) Authentication Market
10.4. Asia-Pacific Out-of-band (OOB) Authentication Market Snapshot
10.4.1. China Out-of-band (OOB) Authentication Market
10.4.2. India Out-of-band (OOB) Authentication Market
10.4.3. Japan Out-of-band (OOB) Authentication Market
10.4.4. Australia Out-of-band (OOB) Authentication Market
10.4.5. South Korea Out-of-band (OOB) Authentication Market
10.4.6. Rest of Asia Pacific Out-of-band (OOB) Authentication Market
10.5. Latin America Out-of-band (OOB) Authentication Market Snapshot
10.5.1. Brazil Out-of-band (OOB) Authentication Market
10.5.2. Mexico Out-of-band (OOB) Authentication Market
10.6. Rest of The World Out-of-band (OOB) Authentication Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. CensorNet Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Deepnet Security
11.2.3. CA Technologies (Broadcom Inc.)
11.2.4. Early Warning Services, LLC
11.2.5. Gemalto N.V. (Thales DIS)
11.2.6. SecurEnvoy Ltd.
11.2.7. StrikeForce Technologies, Inc.
11.2.8. NortonLifeLock, Inc. (Symantec Corporation)
11.2.9. TeleSign Corporation
11.2.10. OneSpan (VASCO Data Security International, Inc.)
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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