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Out of Band Authentication Market by Component, Authentication Channel (SMS, Email, Push Notification Voice, Token-Based, Others)- Global forecast to 2023 – 3rd Watch News

ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global Out of Band Authentication(OOBA) Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market.

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The Out of Band Authentication (OOBA) Market size is expected to grow from US$ 533 Million in 2018 to US$ 1,532 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 23.5% during the forecast period.

#Key Players- Gemalto (Netherlands), CA Technologies (US), Symantec (US), Ping Identity (US), RSA Security (US), Entrust Datacard (US), EZMCOM (US), Duo Security (US), StrikeForce Technologies (US), NokNok Labs (US), SolidPass (Turkey), Protectimus (UK), SAASPASS (US), DynaPass (US), i-Sprint Innovations (Singapore).

“Services segment is expected to grow at a higher CAGR during the forecast period”

The Out of Band Authentication Market by service includes professional and managed services. Further, professional services have been classified into consulting, training and education, audit and reporting and support and maintenance services. These services help clients understand their OOBA solutions and related processes.

“Increasing deployment of cloud-based OOBA solutions in SMEs is expected to drive the growth of the SMEs segment during the forecast period”

The SMEs segment is expected to grow at a higher CAGR, owing to the rising deployment of the cloud-based Out of Band Authentication solutions by SMEs to secure their web applications, mobile applications, mobile devices, infrastructure and Application Programming Interfaces (APIs) from unauthorized access, vulnerabilities, and attacks. SMEs are small in terms of their size, but cater to a large number of customers globally.

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Competitive Landscape

1 Microquadrant Overview

1.1 Visionary Leaders

1.2 Innovators

1.3 Dynamic Differentiators

1.4 Emerging Companies

2 Competitive Benchmarking

2.1 Analysis of Product Portfolio of Major Players in the Out of Band Authentication Market

2.2 Business Strategies Adopted By Major Players in the Out of Band Authentication Market

3 Competitive Scenario

3.1 Partnerships, Agreements, and Collaborations

3.2 New Product Launches/Product Enhancements

3.3 Mergers and Acquisitions

3.4 Business Expansions

Reason to access this report:

The report would help the market leaders/new entrants in this market with information about the closest approximations of the revenue numbers for the overall OOBA market and its sub segments. It would help stakeholders understand the competitive landscape and gain more insights to better their positions and plan suitable go-to-market strategies.

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