Global Out of Band Authentication Software Market 2016-2020

  • Published: Sep 2016
  • Pages: 57
  • SKU: IRTNTR10509

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

  • Single User:

    Quick and easy buy and download option

  • Enterprise:

    Flexible option - Complimentary customization included

2500 USD

This industry research report identifies CA Technologies, Gemalto, Strikeforce Technologies, and Swivel Secure as the key vendors in the global out of band (OOB) authentication market. This industry research report also presents a competitive analysis of the OOB authentication market share by end-users (PCI, BFSI, and government) and by geography (the Americas, APAC, and EMEA).

Overview of the global out of band (OOB) authentication software market

Market research analysts at Technavio predict that the global OOB authentication software market will grow steadily during the next four years and will post an impressive CAGR of more than 23% by 2020. This market research analysis identifies the increase in number of online transactions as one of the primary growth factors for this market. Though online financial transactions are easy and instant, financial institutions are always prone threats such as cyber-attacks. As a result, organizations have started using authentication techniques using hardware OTP tokens, e-mail, and phone-based authentication methods to make online transactions more secure. Also, mobile operators are offering high-speed mobile broadband services that allow users to use mobile transaction features, which in turn, results in a rise in the number of online transactions, leading to the increased adoption of OOB authentication software.

The emergence of next-generation hardware OTP tokens will be one of the major trends that will gain traction in this market in the next four years. These hardware tokens can be reprogrammed using NFC technology, will enable end-users to set new secret keys in them, and will also be small and light. For instance, one of the leading vendors Protectimus, has already released a new generation of hardware OTP tokens such as Protectimus SLIM and Protectimus SLIM mini that look similar to a credit card making them handy and easy to carry.

Competitive landscape and key vendors

The market is characterized by the presence of a considerable number of vendors. Since the financial sector is a major target of cyber-attacks, several vendors in the market, such as Gemalto, are offering authentication solutions especially for financial institutions that allow them to be a single stop solution for their customers' digital security needs. Out of band authentication vendors equally compete to gain a considerable share of the market and have also started creating partnerships with biometric security providers to distinguish their products.  

The leading vendors in the OOB authentication​ market are -

  • CA Technologies
  • Gemalto
  • Strikeforce Technologies
  • Swivel Secure

The other prominent vendors in the OOB authentication market are ASL, CensorNet, Deepnet Security, EZMCOM, Early Warning, SecurEnvoy, and TeleSign.

Segmentation by end-users and analysis of the OOB authentication software market

  • Payment card industry (PCI)
  • Banking, financial services, and insurance (BFSI)
  • Government

Due to the high security requirement for transactions, the BFSI sector was the major end-user of OOB authentication software during 2015. For instance, the OTP mobile app from Citibank provides customers an alternative to the SMS OTP option and HID, a secure identity solutions provider enhanced its ActivID authentication offering for digital banking with a push notification solution that provides financial institutions a secure channel for notifying customers about pending transactions on their phones or tablet computers. Guidelines set by several countries across the globe, especially in Europe, will fuel market growth in this segment.

Geographical segmentation and analysis of the OOB authentication software market

  • Americas
  • APAC
  • EMEA

This market study estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the market throughout the forecast period. This will mainly attribute to the increasing demand for security solutions in banks, government departments, and financial institutions.

Key questions answered in the report include

  • What will the OOB authentication market size and the growth rate be in 2020?
  • What are the key factors driving the global OOB authentication software market?
  • What are the key market trends impacting the growth of the global OOB authentication software market?
  • What are the challenges to the OOB authentication market growth?
  • Who are the key vendors in the global OOB authentication software market?
  • What are the market opportunities and threats faced by the vendors in the global OOB authentication software market?
  • Trending factors influencing the OOB authentication market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global OOB authentication software market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

Table of Contents

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: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your sample now!
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

Certified ISO 9001 : 2015

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Safe and Secure SSL Encrypted

  • Single User:

    Quick and easy buy and download option

  • Enterprise:

    Flexible option - Complimentary customization included

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Customized Report as per your Business Needs

  • Our analysts will work directly with you and understand your needs
  • Get data on specified regions or segments, competitor and Vendors
  • Data will be formatted and presented as per your requirements
  • We offer $1000 worth of FREE customization at the time of purchase

Let us help you make report more suited to your requirements.

  • Get a competitive breakdown as per your niche industry
  • Customize the data with various metrics that meet your business prerequisite
  • Understand Revenue Sources, Customers and many more
  • Details on Market Share
  • These customizations are done in a short amount of time by our analysts and industry experts
Enquire Before Buying
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>