Out of Band Authentication Market by Component (Solution (Hardware, Software), Service), Authentication Channel (SMS, Email, Push Notification Voice, Token-Based, Others), Deployment Type, Organization Size, Vertical, and Region - Global forecast to 2023
[178 Pages Report] The Out of Band Authentication Market is expected to grow from USD 533 million in 2018 to USD 1,532 million by 2023, at a Compound Annual Growth Rate (CAGR) of 23.5% during the forecast period.
The growing need for frictionless OOBA solutions among organizations, stringent data protection regulations for information security, increasing instances and sophistication of authentication-related frauds and data breaches, and growing adoption of digital payment modes are the main drivers of the market. The market is segmented by component (solutions and services), authentication channels, deployment type, organization size, vertical, and region. The market by solution includes both hardware-based and software-based solutions. The software solution segment in the OOBA solution market is expected to have the largest market size, during the forecast period. The market for services segment is growing as the individuals, Small and Medium-sized Enterprises (SMEs), and large enterprises are concerned about securing user authentication. The support and maintenance services segment is expected to have the highest market share due to the need to solve any technical issue and avoid breakdown time.
The Out of Band Authentication Market study aims at estimating the market size and future growth potential of the market across segments, namely, components (solutions and services), authentication channels, deployment types, organization sizes, verticals, and regions.
The software solutions segment is expected to constitute the largest market size during the forecast period
Software solutions are available as applications, suites, and development kits. The users need not carry any hardware devices for authentication and can be provided with soft tokens which can be installed on mobile devices. With the BYOD trend on the rise in the organizations, organizations are looking toward software-based authentication solutions which carry less complexity and high ease of use. Software-based solutions support all major authentication channel which include SMS, email, push notification, and biometrics. With the difficulties in handling hardware-based solutions and greater flexibility offered by software solutions, the demand for software solutions is increasing.
The SMEs segment is expected to grow at the highest CAGR during the forecast period
The SMEs segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing incidence of cyber-attacks on these enterprises. SMEs are small in terms of their size but cater to a large number of customers globally. Robust and comprehensive security solutions are not implemented in SMEs, due to financial constraints in these organizations. However, the large enterprises segment accounts for the highest share of the Out of Band Authentication Market in 2018.
OOBA solutions and services have been deployed across various industry verticals, including Banking, Financial Services, and Insurance (BFSI); government and defense; retail; healthcare; IT and telecom; energy and utilities; and others. The retail vertical is expected to grow at the highest CAGR during the forecast period while the healthcare vertical is estimated to have the largest market size in 2018.
North America is expected to account for the largest market size during the forecast period
The global Market has been segmented on the basis of regions into North America, Europe, APAC, MEA, and Latin America to provide a region-specific analysis in the report. The North American region, followed by Europe, is expected to become the largest revenue-generating region for OOBA solution and service vendors in 2018. Increasing Internet of Things (IoT), cloud adoption, and Bring Your Own Device (BYOD) trend and growing internal and external threats are some of the key factors expected to fuel the growth of the market in North America. The APAC market is gaining traction as the number of smart devices and BYOD trend is increasing in developed and developing nations in APAC. SMEs as well as large-scale organizations in the APAC region have become more aware of the increasing identity theft and frauds and have started adopting OOBA solutions and services to combat them.
Key Out of Band Authentication Market Players
Major vendors that offer OOBA services across the globe are Gemalto (Netherlands), CA Technologies (US), Symantec (US), Ping Identity (US), RSA Security (US), Entrust Datacard (US), EZMCOM (US), Duo Security (US), StrikeForce Technologies (US), Nok Nok Labs (US), SolidPass (Turkey), Protectimus (UK), SAASPASS (US), DynaPass (US), i-Sprint Innovations (Singapore). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and acquisitions, to expand their offerings in the market.
Gemalto is one of the leading operators of the world’s largest global market that provides strong authentication to users through SMS and email, and eliminates the need for software installation and hardware distribution. Its key strategy in the market is to develop business-specific solutions and services according to the current scenario of evolving vulnerabilities. It plans to develop new business models and integrate multi-application solutions as a part of its future strategy. Similarly, Symantec, another leading OOBA solutions provider, has implemented various strategies to deliver cutting-edge OOBA to global organizations. Various organic and inorganic growth strategies are helping the OOBA vendors to stay ahead in the global market.
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Scope of the Report
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Report Metrics |
Details |
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Market size available for years |
2016–2023 |
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Base year considered |
2017 |
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Forecast period |
2018–2023 |
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Forecast units |
Million (USD) |
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Segments covered |
Component, Authentication Channels, Organization Size, Deployment Type, Verticals, and Regions |
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Regions covered |
North America, APAC, Europe, MEA, and Latin America |
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Companies covered |
Gemalto (Netherlands), CA Technologies (US), Symantec (US), Ping Identity (US), RSA Security (US), Entrust Datacard (US), EZMCOM (US), Duo Security (US), StrikeForce Technologies (US), Nok Nok Labs (US), SolidPass (Turkey), Protectimus (UK), SAASPASS (US), DynaPass (US), i-Sprint Innovations (Singapore) |
This research report categorizes the market based on component, authentication channels, organization size, deployment type, verticals, and regions.
Based on Components, the Out of Band Authentication Market has been segmented as follows:
- Solutions
- Hardware Solutions
- Software Solutions
- Services
- Professional Services
- Training and Education
- Consulting
- Audit and Reporting
- Support and Maintenance
- Managed Services
- Professional Services
Based on Authentication Channels, the Market has been segmented as follows:
- SMS
- Push Notification
- Voice
- Token-Based
- Others (Facial recognition, palm recognition, and IRIS-based authentication)
Based on Organization Sizes, the Out of Band Authentication Market has been segmented as follows:
- SMEs
- Large Enterprises
Based on Deployment Type, the market has been segmented as follows:
- Cloud
- On-premises
Based on Verticals, the market has been segmented as follows:
- Banking, Financial Services, and Insurance
- Government and Defense
- Retail
- Healthcare
- IT and Telecom
- Energy and Utilities
- Others (Manufacturing, Travel and Hospitality, Education, and Media and Entertainment)
Based on Regions, the Out of Band Authentication Market has been segmented as follows:
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- APAC
- China
- Australia and New Zealand (ANZ)
- India
- Rest of APAC
- MEA
- Middle East
- Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
Key questions addressed by the report:
- Define, describe, and forecast the Out of Band Authentication Market based on components (solutions and services), authentication channels, deployment types, organization sizes, verticals, and regions
- Detailed analysis of the market’s subsegments with respect to individual growth trends, prospects, and contributors to the total market
- Revenue forecast of the market’s segments with respect to 5 major regions, namely, North America, Europe, APAC, MEA, and Latin America
- Detailed analysis of the competitive developments, such as mergers and acquisitions, new product developments, and business expansion activities, in the market
Frequently Asked Questions (FAQ):
What is Out-of-Band Authentication?
What are the major industries adopting Out-of-Band Authentication solutions and services?
What are the different types of authentication channels in the Out-of-Band Authentication market?
Following are the different types of authentication channels in the Out-of-Band Authentication market:
- SMS
- Push Notification
- Token-Based
- Facial recognition
- Palm recognition
- IRIS-based authentication
What are the top trends in the Out-of-Band Authentication market?
Following are the major solutions required of API Management
- API Platform
- API Portal
- API Gateway
- API Administration
- API Monetization
- API Analytics
- Security
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
Table of Contents
1 Introduction (Page No. - 20)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.4 Regions Covered
1.5 Years Considered for the Study
1.6 Currency Considered
1.7 Stakeholders
2 Research Methodology (Page No. - 24)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.2 Breakup of Primaries
2.2.2 Key Industry Insights
2.2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Forecast
2.5 Assumptions for the Study
2.5.1 Limitations of the Study
3 Executive Summary (Page No. - 33)
4 Premium Insights (Page No. - 37)
4.1 Attractive Market Opportunities in the Out of Band Authentication Market
4.2 Market, By Solution, 2018-2023
4.3 Market, By Service, 2018-2023
4.4 Market, Market Share of Professional Services and Top 3 Regions, 2018
4.5 Market, By Organization Size, 2018
4.6 Market, Top 3 Verticals
4.7 Market Investment Scenario
5 Market Overview and Industry Trends (Page No. - 42)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Need for Frictionless Ooba Solutions Among Organizations
5.2.1.2 Stringent Data Protection Regulations for Information Security
5.2.1.3 Increasing Instances and Sophistication of Authentication Related Frauds and Data Breaches Resulting in Heavy Loss of Revenue
5.2.1.4 Growing Adoption of Digital Payment Modes
5.2.2 Restraints
5.2.2.1 Nist Banning the Use of SMS for Two-Factor Authentication
5.2.2.2 Budget Constraints Affecting the Adoption of Ooba Solutions
5.2.3 Opportunities
5.2.3.1 Increase in Adoption of Ooba-Based Solutions Among SMEs
5.2.3.2 Rising Demand for Ooba Solutions for Digital Ecommerce
5.2.3.3 Growing Adoption of the Interconnected Devices in the IoT Environment
5.2.3.4 Rapid Growth in Byod Trends
5.2.4 Challenges
5.2.4.1 Lack of Awareness Regarding Ooba Solutions and Services
5.3 Regulatory Landscape
5.3.1 Payment Services Directive 2
5.3.2 Electronic Identification, Authentication, and Trust Services (EIDAS)
5.3.3 Know Your Customer (KYC)
5.3.4 Anti-Money Laundering (AML)
5.3.5 General Data Protection Regulation (GDPr)
5.3.6 Payment Card Industry Data Security Standard (PCI DSS)
5.3.7 Health Insurance Portability and Accountability Act (HIPAA)
5.3.8 Federal Information Security Management Act (FISMA)
5.3.9 Sarbanes–Oxley Act (SOX)
5.3.10 Gramm–Leach–Bliley Act (GLBA)
5.3.11 Federal Information Processing Standards (FIPS)
5.4 Innovation Spotlight
5.4.1 Gemalto
5.4.2 CA Technologies
5.5 Use Cases
5.5.1 Adoption of Out-Of-Band Authentication Solutions for Mitigating Authentication Related Issues
5.5.2 Adoption of Out of Band Authentication Solution in Leading Healthcare Law Firm
5.5.3 Adoption of Out of Band Authentication Solution in Leading Education Firm
6 Out of Band Authentication Market, By Component (Page No. - 53)
6.1 Introduction
6.2 Solutions
6.2.1 Increasing Identity Frauds on Networks, Applications, Endpoints, Clouds, and Data of Organizations to Fuel the Demand for Out of Band Authentication Solutions
6.3 Services
6.3.1 Demand for Seamless Experience and Personalised Services to Contribute to the Growth of Services Market
7 Market, By Solution (Page No. - 58)
7.1 Introduction
7.2 Hardware Solutions
7.2.1 Need to Protect Enterprise Servers From Man-In-The-Middle Attack to Boost the Growth of Hardware Solutions
7.3 Software Solutions
7.3.1 Rising Byod Trends and Need to Authenticate the Identity of Users to Increase the Adoption of Software Solutions
8 Market, By Service (Page No. - 63)
8.1 Introduction
8.2 Professional Services
8.2.1 Training and Education
8.2.1.1 Need for Imparting Professional Training to Increase the Demand for Training and Education Services
8.2.2 Consulting
8.2.2.1 Need to Provide Constant Consultation Around Implementation of Out of Band Authentication Solutions to Increase the Adoption of Consulting Services
8.2.3 Support and Maintenance
8.2.3.1 Continuous Support Toward Installation and Maintenance to Boost the Demand for Support and Maintenance Services
8.2.4 Audit and Reporting
8.2.4.1 Need to Comply With Regulations to Enhance the Growth of Audit and Reporting Services
8.3 Managed Services
8.3.1 Organizations’ Focus on Core Business Functions to Increase the Demand for Managed Services
9 Out of Band Authentication Market, By Authentication Channel (Page No. - 72)
9.1 Introduction
9.2 SMS
9.2.1 Increasing Adoption in the BFSI Vertical to Result in the Growth of SMS-Based Market
9.3 Email
9.3.1 Need for Enhanced Authentication Solutions to Drive the Growth of Email-Based Out of Authentication Market
9.4 Push Notification
9.4.1 Demand for App-Based Notifications for Authentication to Boost the Market Share of Push Notification Out of Band Authentication
9.5 Voice
9.5.1 Enhanced Security Through Voice Biometric to Enable the Organizations to Adopt Voice-Based Authentication Channel
9.6 Token-Based
9.6.1 Demand for Software and Hardware Based Tokens to Enable the Organizations to Adopt Token-Based Authentication Channel
9.7 Others
10 Out of Band Authentication Market, By Deployment Type (Page No. - 76)
10.1 Introduction
10.2 Cloud
10.2.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Out of Band Authentication Solutions
10.3 On-Premises
10.3.1 Need to Maintain Strict Confidentiality of Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Out of Band Authentication Solutions
11 Market, By Organization Size (Page No. - 81)
11.1 Introduction
11.2 Small and Medium-Sized Enterprises
11.2.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Out of Band Authentication Solutions
11.3 Large Enterprises
11.3.1 Hefty Financial Losses Owing to Rising Cyber-Attacks on Organizations’ Infrastructure to Contribute to the Adoption of Out of Band Authentication Solutions in Large Enterprises
12 Market, By Vertical (Page No. - 86)
12.1 Introduction
12.2 Banking, Financial Services, and Insurance
12.2.1 Need for Enhanced Authentication Solutions to Drive the Demand for Out of Band Authentication Solutions in the BFSI Vertical
12.3 Government and Defense
12.3.1 Governments Mandate to Adopt Authentication Solutions to Fuel the Demand for Out of Band Authentication Solutions in the Government and Defense Sector
12.4 Retail
12.4.1 Rising Identity Thefts to Compel the Organizations to Embrace Out of Band Authentication Solutions on A Large Scale in the Retail Vertical
12.5 Healthcare
12.5.1 Need to Comply to HIPAA and PCI DSS to Increase the Adoption of Out of Band Authentication Solutions in Healthcare
12.6 It and Telecom
12.6.1 Organizations’ Focus on Managing the Identity of the Users to Increase the Adoption of Out of Band Authentication Solutions in the It and Telecom Vertical
12.7 Energy and Utilities
12.7.1 Need to Safeguard It and Network Infrastructure From Threats to Boost the Demand for Out of Band Authentication Solutions in the Energy and Utilities Vertical
12.8 Others
13 Out of Band Authentication Market, By Region (Page No. - 97)
13.1 Introduction
13.2 North America
13.2.1 United States
13.2.2 Rising Instances of Cyber-Attacks Coupled With Financial Losses to Create Demand for Out of Band Authentication Solutions in the United States
13.2.3 Canada
13.2.4 Stringent Regulations and Government Initiatives to Fuel the Adoption of Out of Band Authentication Solutions in Canada
13.3 Europe
13.3.1 United Kingdom
13.3.2 Penetration of Byod and Need to Protect Enterprises Infrastructure From Unauthorised Access to Fuel the Demand for Out of Band Authentication Solutions in the Uk
13.3.3 Germany
13.3.4 Imminent Need for Managing Identity Frauds to Boost the Demand for Out of Band Authentication Solutions in Germany
13.3.5 France
13.3.6 Government’s Focus on Security Solutions to Increase the Adoption of Out of Band Authentication Solutions in France
13.3.7 Rest of Europe
13.4 Asia Pacific
13.4.1 China
13.4.2 Need to Protect Endpoints, Websites, and Applications From Unauthorized Access to Contribute to the Growth of the Out of Band Authentication Market in China
13.4.3 India
13.4.4 Concern Over Security of Customers’ Data to Enable the Organizations to Drive the Adoption of Out of Band Authentication Solutions on A Large Scale in India
13.4.5 Australia and New Zealand
13.4.6 Large-Scale Adoption By Various Industry Verticals to Protect Their Cloud and On-Premises Infrastructures From Identity Thefts to Fuel the Growth of Market in Anz
13.4.7 Rest of Asia Pacific
13.5 Middle East and Africa
13.5.1 Middle East
13.5.2 Organizations’ Focus on Seamless User Experience, Reliability, and High Security to Increase the Demand for Out of Band Authentication Solutions in the Middle East
13.5.3 Africa
13.5.4 Rising Trends of Byod and Cloud Applications and the Need to Secure Them Against Identity Threats to Contribute to the Growth of Market in Africa
13.6 Latin America
13.6.1 Brazil
13.6.2 Small and Medium-Sized Enterprises’ Focus on Enhanced Authentication Solutions to Contribute to the Growth of Out of Band Authentication Market in Brazil
13.6.3 Mexico
13.6.4 Increasing Cyber Threats Across Verticals to Fuel the Demand for Out of Band Authentication Solutions in Mexico
13.6.5 Rest of Latin America
14 Competitive Landscape (Page No. - 128)
14.1 Microquadrant Overview
14.1.1 Visionary Leaders
14.1.2 Innovators
14.1.3 Dynamic Differentiators
14.1.4 Emerging Companies
14.2 Competitive Benchmarking
14.2.1 Analysis of Product Portfolio of Major Players in the Out of Band Authentication Market
14.2.2 Business Strategies Adopted By Major Players in the Market
14.3 Competitive Scenario
14.3.1 Partnerships, Agreements, and Collaborations
14.3.2 New Product Launches/Product Enhancements
14.3.3 Mergers and Acquisitions
14.3.4 Business Expansions
15 Company Profiles (Page No. - 137)
15.1 Introduction
15.2 Gemalto
15.2.1 Business Overview
15.2.2 Solutions Offered
15.2.3 Recent Developments
15.2.4 SWOT Analysis
15.2.5 MnM View
15.3 CA Technologies
15.3.1 Business Overview
15.3.2 Solutions Offered
15.3.3 Recent Developments
15.3.4 SWOT Analysis
15.3.5 MnM View
15.4 Symantec
15.4.1 Business Overview
15.4.2 Solutions Offered
15.4.3 SWOT Analysis
15.4.4 MnM View
15.5 Ping Identity
15.5.1 Business Overview
15.5.2 Solutions Offered
15.5.3 Recent Developments
15.5.4 SWOT Analysis
15.5.5 MnM View
15.6 RSA Security
15.6.1 Business Overview
15.6.2 Solutions Offered
15.6.3 Recent Developments
15.6.4 SWOT Analysis
15.6.5 MnM View
15.7 Entrust Datacard
15.7.1 Business Overview
15.7.2 Solutions Offered
15.7.3 Recent Developments
15.7.4 MnM View
15.8 Ezmcom
15.8.1 Business Overview
15.8.2 Solutions Offered
15.9 DUO Security
15.9.1 Business Overview
15.9.2 Solutions Offered
15.10 Strikeforce Technologies
15.10.1 Business Overview
15.10.2 Solutions Offered
15.10.3 Recent Developments
15.11 Nok Nok Labs
15.11.1 Business Overview
15.11.2 Solutions Offered
15.11.3 Recent Developments
15.12 Solidpass
15.13 Protectimus
15.14 Saaspass
15.15 Dynapass
15.16 I-Sprint Innovations
16 Appendix (Page No. - 168)
16.1 Discussion Guide
16.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
16.3 Introducing RT: Real-Time Market Intelligence
16.4 Available Customizations
16.5 Related Reports
16.6 Author Details
List of Tables (75 Tables)
Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Out of Band Authentication Market Size and Growth, 2016–2023 (USD Million, Y-O-Y %)
Table 3 Market Size, By Component, 2016–2023 (USD Million)
Table 4 Solutions: Market Size, By Region, 2016–2023 (USD Million)
Table 5 Services: Market Size, By Region, 2016–2023 (USD Million)
Table 6 Market Size, By Solution, 2016–2023 (USD Million)
Table 7 Hardware Solutions: Market Size, By Region, 2016–2023 (USD Million)
Table 8 Software Solutions: Market Size, By Region, 2016–2023 (USD Million)
Table 9 Market Size, By Service, 2016–2023 (USD Million)
Table 10 Professional Services: Out of Band Authentication Market Size, By Region, 2016–2023 (USD Million)
Table 11 Professional Services: Market Size, By Type, 2016–2023 (USD Million)
Table 12 Training and Education Market Size, By Region, 2016–2023 (USD Million)
Table 13 Consulting Market Size, By Region, 2016–2023 (USD Million)
Table 14 Support and Maintenance Market Size, By Region, 2016–2023 (USD Million)
Table 15 Audit and Reporting Market Size, By Region, 2016–2023 (USD Million)
Table 16 Managed Services: Market Size, By Region, 2016–2023 (USD Million)
Table 17 Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 18 Cloud: Market Size, By Region, 2016–2023 (USD Million)
Table 19 On-Premises: Market Size, By Region, 2016–2023 (USD Million)
Table 20 Out of Band Authentication Market Size, By Organization Size, 2016–2023 (USD Million)
Table 21 Small and Medium-Sized Enterprises: Market Size, By Region, 2016–2023 (USD Million)
Table 22 Large Enterprises: Market Size, By Region, 2016–2023 (USD Million)
Table 23 Market Size, By Vertical, 2016–2023 (USD Million)
Table 24 Banking, Financial Services, and Insurance: Market Size, By Region, 2016–2023 (USD Million)
Table 25 Government and Defense: Market Size, By Region, 2016–2023 (USD Million)
Table 26 Retail: Market Size, By Region, 2016–2023 (USD Million)
Table 27 Healthcare: Market Size, By Region, 2016–2023 (USD Million)
Table 28 It and Telecom: Market Size, By Region, 2016–2023 (USD Million)
Table 29 Energy and Utilities: Market Size, By Region, 2016–2023 (USD Million)
Table 30 Others: Out of Band Authentication Market Size, By Region, 2016–2023 (USD Million)
Table 31 Market Size, By Region, 2016–2023 (USD Million)
Table 32 North America: Market Size, By Component, 2016–2023 (USD Million)
Table 33 North America: Market Size, By Solution, 2016–2023 (USD Million)
Table 34 North America: Market Size, By Service, 2016–2023 (USD Million)
Table 35 North America: Market Size, By Professional Service, 2016–2023 (USD Million)
Table 36 North America: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 37 North America: Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 38 North America: Market Size, By Vertical, 2016–2023 (USD Million)
Table 39 North America: Market Size, By Country, 2016–2023 (USD Million)
Table 40 Europe: Out of Band Authentication Market Size, By Component, 2016–2023 (USD Million)
Table 41 Europe: Market Size, By Solution, 2016–2023 (USD Million)
Table 42 Europe: Market Size, By Service, 2016–2023 (USD Million)
Table 43 Europe: Market Size, By Professional Service, 2016–2023 (USD Million)
Table 44 Europe: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 45 Europe: Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 46 Europe: Market Size, By Vertical, 2016–2023 (USD Million)
Table 47 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 48 Asia Pacific: Out of Band Authentication Market Size, By Component, 2016–2023 (USD Million)
Table 49 Asia Pacific: Market Size, By Solution, 2016–2023 (USD Million)
Table 50 Asia Pacific: Market Size, By Service, 2016–2023 (USD Million)
Table 51 Asia Pacific: Market Size, By Professional Service, 2016–2023 (USD Million)
Table 52 Asia Pacific: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 53 Asia Pacific: Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 54 Asia Pacific: Market Size, By Vertical, 2016–2023 (USD Million)
Table 55 Asia Pacific: Market Size, By Country, 2016–2023 (USD Million)
Table 56 Middle East and Africa: Out of Band Authentication Market Size, By Component, 2016–2023 (USD Million)
Table 57 Middle East and Africa: Market Size, By Solution, 2016–2023 (USD Million)
Table 58 Middle East and Africa: Market Size, By Service, 2016–2023 (USD Million)
Table 59 Middle East and Africa: Market Size, By Professional Service, 2016–2023 (USD Million)
Table 60 Middle East and Africa: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 61 Middle East and Africa: Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 62 Middle East and Africa: Market Size, By Vertical, 2016–2023 (USD Million)
Table 63 Middle East and Africa: Market Size, By Subregion, 2016–2023 (USD Million)
Table 64 Latin America: Out of Band Authentication Market Size, By Component, 2016–2023 (USD Million)
Table 65 Latin America: Market Size, By Solution, 2016–2023 (USD Million)
Table 66 Latin America: Market Size, By Service, 2016–2023 (USD Million)
Table 67 Latin America: Market Size, By Professional Service, 2016–2023 (USD Million)
Table 68 Latin America: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 69 Latin America: Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 70 Latin America: Market Size, By Vertical, 2016–2023 (USD Million)
Table 71 Latin America: Market Size, By Country, 2016–2023 (USD Million)
Table 72 Partnerships, Agreements, and Collaborations, 2017–2018
Table 73 New Product Launches/Product Enhancements, 2016–2018
Table 74 Mergers and Acquisitions, 2017–2018
Table 75 Business Expansions, 2018
List of Figures (40 Figures)
Figure 1 Out of Band Authentication Market: Research Design
Figure 2 Factor Analysis
Figure 3 Services Segment to Grow at the Highest CAGR During the Forecast Period
Figure 4 North America to Hold the Highest Market Share in 2018
Figure 5 Fastest-Growing Segments of the Market
Figure 6 Growing Cyber-Attacks, Stringent Regulations, and Increased Cloud Adoption to Drive the Growth of Market
Figure 7 Software Solutions Segment to Have A Higher Market Share During the Forecast Period
Figure 8 Professional Services Segment to Have A Higher Market Share During the Forecast Period
Figure 9 Support and Maintenance Segment, and North American Region to Have the Highest Market Shares in 2018
Figure 10 Large Enterprises Organization Size Segment to Hold A Higher Market Share in 2018
Figure 11 Banking, Financial Services, and Insurance Vertical Followed By Government to Have the Highest Market Share in 2018
Figure 12 Asia Pacific to Emerge as the Best Market for Investment in the Next 5 Years
Figure 13 Drivers, Restraints, Opportunities, and Challenges: Out of Band Authentication Market
Figure 14 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 15 Software Solutions Segment to Grow at A Higher CAGR During the Forecast Period
Figure 16 Managed Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 17 Cloud Deployment Type to Grow at A Higher CAGR During the Forecast Period
Figure 18 Small and Medium-Sized Enterprises Segment to Grow at A Higher CAGR During the Forecast Period
Figure 19 Retail Vertical to Record the Highest Growth During the Forecast Period
Figure 20 North America to Hold the Highest Market Share During the Forecast Period
Figure 21 North America: Out of Band Authentication Market Snapshot
Figure 22 Asia Pacific: Market Snapshot
Figure 23 Microquadrant
Figure 24 Key Developments By the Leading Players in the Market During 2016–2018
Figure 25 Geographic Revenue Mix of the Top Players in the Market
Figure 26 Gemalto: Company Snapshot
Figure 27 SWOT Analysis: Gemalto
Figure 28 CA Technologies: Company Snapshot
Figure 29 SWOT Analysis: CA Technologies
Figure 30 Symantec: Company Snapshot
Figure 31 SWOT Analysis: Symantec
Figure 32 Ping Identity: Company Snapshot
Figure 33 SWOT Analysis: Ping Identity
Figure 34 RSA Security: Company Snapshot
Figure 35 SWOT Analysis: RSA Security
Figure 36 Entrust Datacard: Company Snapshot
Figure 37 Ezmcom: Company Snapshot
Figure 38 DUO Security: Company Snapshot
Figure 39 Strikeforce Technologies: Company Snapshot
Figure 40 Nok Nok Labs: Company Snapshot
The study involved 4 major activities in estimating the current market size of the Out of Band Authentication Market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the market’s segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva, have been referred to, for identifying and collecting information for this study. These secondary sources included annual reports; press releases and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; security technologies Research and Development (R&D) organizations; regulatory bodies; and databases.
Primary Research
Various primary sources from both the supply and demand sides of the Out of Band Authentication Market ecosystem were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, related key executives from various vendors who provide the OOBA solutions, associated services, and technology integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Following is the breakup of the primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Out of Band Authentication Market Size Estimation
For making market estimates and forecasting the market and the other dependent submarkets, top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global market using the revenues and offerings of the key companies in the market. The research methodology used to estimate the market size includes the following:
- The key players in the market were identified through extensive secondary research.
- The market size, in terms of value, was determined with the help of the primary and secondary research processes.
All percentage shares, splits, and breakups were determined using secondary sources and verified through primary sources.
Data Triangulation
With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.
Report Objectives
- To define, describe, and forecast the Out of Band Authentication Market by component (solutions and services), authentication channel, organization size, deployment type, vertical, and region
- To provide detailed information about major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze the micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
- To analyze the market opportunities for stakeholders by identifying the high-growth segments of the market
- To forecast the market size of the market’s segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
- To profile the key players in the market and comprehensively analyze their market size and core competencies
- To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations, in the global market
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Out of Band Authentication Market