Out-of-band (OOB) Authentication Market Robust 22.8% CAGR | Reach USD 4.2 Billion by 2030 Globally

Rising online transactions, complex threats, and growing compliance needs are fueling the growth of the global out-of-band authentication market.

WILMINGTON, DE, UNITED STATES, July 23, 2025 /EINPresswire.com/ -- According to the report, the global out-of-band (OOB) authentication market generated $553.45 million in 2020, and is expected to reach $4.2 billion by 2030, witnessing a CAGR of 22.8% from 2021 to 2030.

Out-of-band authentication is a form of two-factor authentication that uses a separate communication channel alongside a standard ID and password for verification. Commonly used in banking, finance, and high-security environments, it enhances protection by requiring attackers to breach two distinct, unlinked channels to gain access.

Request Sample Report (Get Full Insights in PDF - 192 Pages) at: https://www.alliedmarketresearch.com/request-sample/4536

Increase in volume of online transactions, continuous rise in advanced & complex threats, and surge in compliance requirements drive the growth of the global out-of-band authentication market. However, risks regarding OOB authentication with SMS and high product association costs limit the market growth. On the other hand, rise in adoption of OOB authentication by small and medium-sized businesses creates new opportunities in the coming years.

Based on component, the solution segment accounted for the highest share in 2020, contributing to more than two-thirds of the global out-of-band authentication market, and is projected to maintain its lead position throughout the forecast period. This is due to secure dedicated alternate access method provided to an IT network infrastructure to administer connected devices and IT assets. However, the services segment is projected to register the highest CAGR of 25.3% from 2021 to 2030, owing to remotely control and management of critical IT assets and network equipment using a secure connection through a secondary interface that is physically separate from the primary network connection.

Based on industry vertical, the BFSI segment held the largest share in 2020, accounting for more than one-fourth of the global out-of-band authentication industry, and is projected to maintain its leadership status during the forecast period. This is due to rise in online transactions and implementation of hardware and software OTP options to enable OOB authentication and provide an added layer of security. However, the IT and telecom segment is projected to portray the highest CAGR of 27.8% from 2021 to 2030, owing to the ability to monitor and manage networks and keep them up and running.

Buy Now & Get Exclusive Report at: https://www.alliedmarketresearch.com/out-of-band-OOB-authentication-market/purchase-options

Based on region, North America contributed the highest market share in 2020, accounting for more than one-third of the global out-of-band authentication market, and is expected to continue its dominance in terms of revenue by 2030. This is attributed to surge in the adoption of biometric technologies in both large financial institutions and big corporate companies along with rise in amount of cyberattacks and malware cases. However, Asia-Pacific is estimated to manifest the fastest CAGR of 26.3% from 2021 to 2030. This is due to rise in adoption of two-factor authentication by small and medium-sized businesses and emergence of the bring-your-own-device (BYOD) trend in the region.

Leading Market Players

CensorNet
Deepnet Security
CA Technologies (Broadcom Inc.)
Early Warning Services, LLC
Gemalto N.V. (Thales DIS)
SecurEnvoy Ltd.
StrikeForce Technologies, Inc.
NortonLifeLock, Inc. (Symantec Corporation)
TeleSign Corporation
OneSpan (VASCO Data Security International, Inc.)

Covid-19 Scenario

1. The implementation of out-of-band authentication increased during the pandemic with adoption of remote working culture and surge in data theft and cyberattacks.

2. Financial institutions and enterprises increased adoption to protect their data, reduce fraudulent activities, and prevent unauthorized access. Owing to considerable rise in online banking activities, OBB authentication was implemented to prevent hacking and identity thefts.

Get More Information Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/4536

Other Trending Report:

1. PropTech Market
https://www.alliedmarketresearch.com/proptech-market-A185555

2. AI in Cybersecurity Market
https://www.alliedmarketresearch.com/ai-in-cybersecurity-market-A185408

3. Artificial Intelligence in Education Market
https://www.alliedmarketresearch.com/artificial-intelligence-in-education-sector-market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm the utmost data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: + 1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

David Correa
Allied Market Research
+ 1 800-792-5285
email us here
Visit us on social media:
LinkedIn
Facebook
YouTube
X

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.