openPR Logo
Press release

Out of band Authentication Market - Upcoming Top Innovations 2028 | Entrust Datacard ,IntelliTrust Authentication Service

04-02-2019 01:47 PM CET | IT, New Media & Software

Press release from: TMR Research

/ PR Agency: TMR Research
Out of band Authentication Market - Upcoming Top Innovations

Global Out of Band Authentication Market: Overview

The global out-of-band authentication market is likely to display monumental growth in the near future. Spanning outside the defined band for telecommunications frequency, out-of-band is an activity mainly used for protection from false decode in telecommunication systems.

To define, out of band authentication (OOBA) refers to a process where authentication is carried out using two different signals using two different networks or channels. Using such sophisticated authentication, this prevents many kinds of fraud and hacking.

Order Brochure for more Detailed Information @
https://www.tmrresearch.com/sample/sample?flag=B&rep_id=5040

The report on out of band authentication market delves into past and current trends to assess future growth trends in the said market. To present this, analysts employed industry-centric statistical tools and verifiable research methodologies. Further, prevailing competitive hierarchy in the out of band authentication market and how it is expected to change over the forecast period is a highlight of the report.

Global Out of Band Authentication Market: Notable Developments and Competitive Scenario

In recent years, with ceaseless smartphone use, digital transaction is becoming common in India. Financial technology companies are striving to launch new authentication solutions to bolster digital security transactions. In this space, Financial Software and Systems has released FSS Secure3D – a new generation adaptive authentication product. Based on EMVCO 3DS 2.0, it is one among top 20 globally certified products.
Entrust Datacard – a leading player in the out of band authentication market made news by expanding availability of its proprietary authentication solution - IntelliTrust Authentication Service. The solution is now available integrated with Microsoft’s Azure Active Directory cloud platform.

Global Out of Band Authentication Market: Key Trends

Majorly fuelling the out of band authentication market is rising need to employ sophisticated authentication technologies to prevent data theft and identity theft. The ever-expanding use of smartphones for digital payments carries risk of loss of critical credentials. Vulnerability of unsecure payment gateways can leak user information to third-parties involved in hacking. In such scenarios, employing out of band authentication technologies adds another layer for data security using online banking.

With such enhanced security features, financial institutions and other organizations that have high security requirements often use out-of-band authentication. Online payment gateways and bank transactions that involve critical information are often paired with out of band authentication technology to safeguard information. This boosts the out of band authentication market.

On the downside, out of band authentication has vulnerabilities too. Out of band authentication is usually carried out via SMS messages on user’s mobile phone, which carries risk of being intercepted or redirected.

Request TOC for Facts & Tables
https://www.tmrresearch.com/sample/sample?flag=T&rep_id=5040

For such reasons, the U.S. National Institute of Standards and Technology is updating guidelines for digital online authentication. Once these guidelines are implemented it will offer the next level of security to safeguard online data and online identity. This is likely to have a negative impact on the out of band authentication market.

Global Out of Band Authentication Market: Regional Outlook

The global out of band authentication market could be studied across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Among them, North America is likely to contribute the leading revenue to the overall out of band authentication market. Excessive use of sophisticated authentication to prevent fraud, especially by financial institutions makes North America a key one.

Asia Pacific, on the other hand, is poised to display healthy growth in the out of band authentication market over the forecast period. Due to increasing BYOD practices among both SMEs and large organizations, need to prevent identity theft is leading to the adoption of sophisticated authentication technologies.

About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Out of band Authentication Market - Upcoming Top Innovations 2028 | Entrust Datacard ,IntelliTrust Authentication Service here

News-ID: 1683551 • Views: 729

More Releases from TMR Research

Small Kitchen Appliances Market Survey on Developing Application 2029
Global Small Kitchen Appliances Market: Overview A small domestic appliance, a small electronic, or a small appliance is a semi-portable gadget that is usually placed on various platforms, such as counter tops, table tops, and others to perform a household job. Instances of such appliances comprise coffeemakers, food processors, humidifiers, toasters, and microwave ovens. The growing popularity and dependence on such small appliances is expected to amplify growth opportunities for the
Face Shield Market Growth Framework 2029
Face Shield Market: Overview The face shield market may reach for the escalator to great growth opportunities across the forecast period of 2019-2029. The COVID-19 pandemic may serve as the prime reason for the growth of the face shield market. The SARS-CoV-2 outbreak has urged governments of various countries to raise awareness about the importance of face coverings. Masks and face shields are garnering considerable momentum due to the growing threat
Hospital Disinfectant Products Market Overview On Product Performance 2029
Hospital Disinfectant Products Market: Overview Hospital disinfectant products are an integral part of ensuring a germ-free hospital environment. These products are used to make both living as well surfaces germ-free. Advent of new methods of sterilizations has expanded the armamentarium of tools to fight nosocomial infections. A wide array of techniques in hospital disinfectant products include liquid, gel and lotions, spray and foam, devices, surveillance providers, and wipes. Healthcare providers worldwide
Fragrance Market Analysis On Future Development 2029
Global Fragrance Market: Overview The emerging trend of personal grooming has paved way for the advent of luxury and exotic fragrances, which is forecasted to encourage development of the global fragrance market over the period of assessment, from 2019 to 2029. In addition to that, a rise in the disposable income of the people together with the inclination to spend in premium fragrance products is foreseen to work in favor of

All 5 Releases


More Releases for Authentication

Authentication Services - Growing Popularity and Emerging Trends in the Market
HTF MI recently Announced Global Authentication Services study with 100+ market data Tables and Figures spread through Pages and easy to understand detailed TOC on "Authentication Services. Global Authentication Services research allows you to get different methods for maximizing your profit. The research study provides estimates for Global Authentication Services Forecast till 2025*. Some of the Leading key Company’s Covered for this Research are Bell Canada, Gemalto, Tata Communications, Verizon,
Multifactor Authentication Market: Cost Effectiveness of Two-Factor Authenticati …
Multi-factor authentication can be considered to be an emerging sector of the identity access management and may utilize many-fold methods of authentication to verify a user’s identity. Authenticating user identity ensures security during online transactions, while logging into online services, and accessing corporate resources. Credentials that have been compromised are the key cause resulting breach of data. Multi-factor authentication is thus utilized by enterprises in order to administer an extra
Global Multifactor Authentication Market Investigation & Development Forecast du …
Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Multifactor Authentication Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore,
Multifactor Authentication Market - BFSI to be Key End User of Multifactor Authe …
Multi-factor authentication is a multi-layered verification process, which identifies a user by authenticating any two of the main four parameters – possession (something the user has), knowledge (something the user knows), genetics (something the user inherits genetically) and location for accessing a system. Possession parameters can include different things such as software and hardware tokens including keyfob, OTP and more. Knowledge parameters can include things such as user name and
Multifactor Authentication Market - BFSI to be Key End User of Multifactor Authe …
Transparency Market Research observes that the competitive landscape in the global multifactor authentication market is highly fragmented due to presence of several players. The report anticipates that mergers and acquisitions will remain important to established players in order to gain entry into the untapped markets. For instance, in November 2017, Gemalto formed a partnership with Computer Gross to expand its geographical servings for security and authentication based products. Innovation and
IDology Launches New Knowledge-Based Authentication Product
Atlanta, GA¬¬— IDology, Inc., an innovative provider of identity and age verification solutions, today announced the launch of the next generation in knowledge-based authentication (KBA) with a new solution for its ExpectID product suite. Named ExpectID Enterprise, this product allows companies to dynamically present custom out-of-wallet questions using their own proprietary data behind their firewall while leveraging IDology’s identity verification expertise as a Software as a Service (SaaS) solution