- 17 January 2020 22:57
Out-of-Band Authentication Market - Global Industry Sales, Revenue, Price Trends and More by 2023
A recent market intelligence report on Out-of-band (OOB) Authentication Market takes a closer look at the major driving forces, restraints and opportunities anticipated to shape the future of the Out-of-band (OOB) Authentication Market for the forecast period, 2017 - 2023.
The growth of the global out-of-band authentication is driven by rise in volume of online transactions, continuous increase in advanced & complex threats, and rise in compliance requirements. However, risks associated with OOB authentication with SMS and high product association costs are some of the major restraints of this market. On the contrary, upsurge in adoption of OOB authentication by small- & medium-sized businesses is expected to provide potential opportunities for market expansion.
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Some of the dominant players operating in the global OOB authentication market include CA Technologies, CensorNet Ltd., Deepnet Security, Early Warning Services, LLC, Gemalto NV, SecurEnvoy ltd, StrikeForce Technologies, Inc., Symantec Corporation, TeleSign, and VASCO Data Security International, Inc.
The global OOB authentication market is segmented on the basis of solution type, end user, and region. Depending on solution type, the market is classified into hardware OOB authentication and phone-based OOB authentication. On the basis of end user, it is categorized into banking, financial services, and insurance, payment card industry, government, healthcare, and others. Regionally, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The market intelligence report on OOB Authentication Market describes exhaustive happenings in the industry for the forecast period 2019 - 2030. Our researchers have described the major growth drivers and other associated factors that affect the growth of the market considerably. The study in the report is clearly and specifically noted by subject experts with the help of latest researched statistics that help businesses take effective decisions for the demands by end users in the next seven years. Nonetheless, major opportunities are precisely highlighted for market vendors to focus and launch novel technologies in the industry. In addition, the report also stresses on few challenges and threats to be consideration and focus on overall production volumes.