London, 27 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global OOB Authentication Market 2014-2018.
Out-of-Band (OOB) Authentication is a verification technique, using two different networks working simultaneously. The Global OOB Authentication Market is expected to grow at a CAGR of 23.16 percent during the forecast period.
About the Report
The latest report by TechNavio focuses indicates that market vendors such as Authentify Inc., CA Technologies and Gemalto are striving to offer a variety of products, including cellphone-based authentication solutions.
“Vendors in the Global OOB Authentication market have started offering cellphone-based authentication solutions, which are being snapped up by end users thanks to benefits such as offering a single token for multiple purposes,” says Faisal Ghaus, Vice President of TechNavio.
The report also highlights the increased popularity of OOB as a service. Some organizations are showing interest in adopting SaaS-based two-factor authentication solutions because of lower maintenance costs than traditional hardware- and software-based authentication models.
“Vendors have started offering OOB solutions as a service with benefits like the provision of pay-per-use models, improved reliability and scalability, easy installation and upgrade and zero maintenance cost,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increase in Advanced and Complex Threats
- For a full detailed list, view our report.
Market Challenges:
- Increase in Product Association Cost
- For a full detailed list, view our report.
Market Trends:
- Increased Popularity of OOB as a Service
- For a full detailed list, view our report.
Key Vendors:
- Authentify Inc.
- CA Technologies Inc.
- Gemalto NV
Other Prominent Vendors:
- Deepnet Security
- RSA (EMC)
- SafeNet
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
