Global Out of Band Authentication Software Market 2016-2020

  • ID: 3883897
  • Report
  • Region: Global
  • 57 pages
  • TechNavio
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FEATURED COMPANIES

  • and TeleSign.
  • ASL
  • CA Technologies
  • CensorNet
  • Deepnet Security
  • Early Warning
  • MORE
About OOB

OOB is a powerful tool used to prevent fraud as the OOB authentication software works with a secured communication channel. For high-risk transactions, enterprises use this technology to verify and authenticate the identity of a user. The technology is used for authentication for both financial and non-financial transactions.

The analysts forecast the global OOB authentication software market for 2016-2020 to grow at a CAGR of 23.57% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global OOB authentication software market 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of OOB authentication software.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, global OOB authentication software market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- CA Technologies
- Gemalto
- Strikeforce Technologies
- Swivel Secure

Other prominent vendors
- ASL
- CensorNet
- Deepnet Security
- EZMCOM
- Early Warning
- SecurEnvoy
- TeleSign
Market drivers
- Increase in number of online transactions
- For a full, detailed list, view the full report

Market challenges
- Risks from OOB authentication with SMS
- For a full, detailed list, view the full report

Market trends
- Emergence of next-generation hardware OTP tokens
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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FEATURED COMPANIES

  • and TeleSign.
  • ASL
  • CA Technologies
  • CensorNet
  • Deepnet Security
  • Early Warning
  • MORE
PART 01: Executive summary
  • Key findings
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Features of OOB
  • Two-factor authentication
  • Comparison of two-factor authentication with multi-factor authentication
  • Regulations related to multi-factor authentication
PART 06: Authentication techniques
  • Comparison of authentication techniques
PART 07: Market size and forecast

PART 08: Market segmentation by end-user
  • Global OOB authentication software market in PCI sector
  • Global OOB authentication software market in BFSI sector
  • Global OOB authentication software market in government sector
PART 09: Geographical segmentation
  • Global OOB authentication software market by geography
  • OOB authentication software market in Americas
  • OOB authentication software market in APAC
  • OOB authentication software market in EMEA
PART 10: Market drivers
  • Increase in number of online transactions
  • Preference for convenience and instant use of hardware and phone-based OTP
  • Adherence to compliance mandates
PART 11: Impact of drivers

PART 12: Market challenges
  • Risks of OOB authentication with SMS
  • Hardware devices are inconvenient to carry and vulnerable
  • Infrastructure issues in developing nations
PART 13: Impact of drivers and challenges

PART 14: Market trends
  • Emergence of next-generation hardware OTP tokens
  • Growing adoption of unified platforms for authentication purposes
  • Increasing adoption of authentication solutions by SMEs
  • Increase in demand for security tokens in financial sector
PART 15: Impact of trends

PART 16: Buying criteria
  • Buying criteria
PART 17: Five forces analysis
  • Five forces analysis
PART 18: Vendor landscape
  • Competitive landscape
  • Vendor matrix
  • Other prominent vendors
PART 19: Key vendor profiles
  • CA Technologies
  • Gemalto
  • StrikeForce Technologies
  • Swivel Secure
PART 20: Assumptions

PART 21: Appendix
  • List of abbreviations
PART 22: About the Author
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FEATURED COMPANIES

  • and TeleSign.
  • ASL
  • CA Technologies
  • CensorNet
  • Deepnet Security
  • Early Warning
  • MORE
New Report Released: – Global Out of Band (OOB) Authentication Software Market 2016-2020

The author of the report recognizes the following companies as the key players in the Global Out of Band (OOB) Authentication Software Market: CA Technologies, Gemalto, Strikeforce Technologies, Swivel Secure, ASL, CensorNet, Deepnet Security, EZMCOM, Early Warning, SecurEnvoy, and TeleSign.

Commenting on the report, an analyst from the research team said: “One trend spurring growth is the emergence of next-generation hardware OTP tokens. OOB technology is used to generate OTP in hardware OTP tokens. We expect next-generation hardware OTP tokens to be popular during the forecast period. For instance, Protectimus, based in London, UK, released a new generation of hardware OTP tokens in March 2016. The new hardware OTP tokens are named Protectimus SLIM and Protectimus SLIM mini.”

According to the report, one driver that will lead to the growth of this market is the preference for convenience and instant use of hardware and phone-based OTP. Financial organizations seek to provide users with convenient methods of banking. The authentication method such as hardware OTP token and phone-based authentication is gaining popularity among end-users. Two-factor authentication methods make it important for users to possess the hardware device, enhancing the security by requiring two independent pieces of information for authentication.

Further, the report states that a major challenge for this market is the high risk of OOB authentication with SMS. In July 2016, the National Institute of Standards and Technology, a federal agency that sets up official guidelines for technology standards and measurement regulations, released a new draft of its digital authentication guideline section 5.1.3.2. The draft states that OOB authentication using SMS two-factor authentication will not be allowed in the future because of the security risks involved. SMS received by the user may be intercepted or redirected. In addition, some phones display SMS messages on-screen even when it is locked, making it possible for an attacker with physical access to the device to read the message.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- CA Technologies
- Gemalto
- Strikeforce Technologies
- Swivel Secure
- ASL
- CensorNet
- Deepnet Security
- EZMCOM
- Early Warning
- SecurEnvoy
- and TeleSign.
Note: Product cover images may vary from those shown
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