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The OOBA market size is expected to grow from USD 533 million in 2018 to USD 1,532 million by 2023, at a Compound Annual Growth Rate (CAGR) of 23.5%NEW YORK, March 12, 2019 /PRNewswire/ -- Mandate to follow regulatory and data protection laws is expected to drive the out of band authentication market These solutions not only enhance the security portfolio of SMEs but also enable them to comply with regulations by ensuring customer data protection as well as organization data protection from identity theft. Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period APAC includes major economies, such as India, China, Australia, Hong Kong, and Japan, which are rapidly deploying the OOBA solution.APAC is expected to grow at the highest CAGR during the forecast period. The APAC OOBA market is gaining traction, as this region is showing the highest growth of Internet of Things (IoT), Bring Your Own Device (BYOD), web applications adoption for their business functions and this in turn increases the need to secure these solutions against cyber threats, identity-based threats and attacks.SMEs as well as large organizations in the APAC region have become more aware of OOBA services and started adopting them to combat identity-based threats and data thefts to their infrastructures, endpoints, and cloud-based applications. Furthermore, North America is expected to have the largest market size in 2018 owing to the presence of a large number of vendors and initial adoption of OOBA solutions owing to rising sophistication level of cyber-attacks and heavy financial losses in the advent of any identity attack. In-depth interviews were conducted with CEOs, marketing directors, innovation and technology directors, and executives from various key organizations operating in the OOBA market. • By Company Type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20% • By Designation: C-Level: 35%, Director Level: 25%, and Others: 40% • By Region: North America: 45%, Europe: 20%, APAC: 30%, and RoW: 5% The report includes the study of key players, such as Gemalto (Netherlands), CA Technologies (US), Symantec (US), Ping Identity (US), RSA Security (US), Entrust Datacard (US), EZMCOM (US), Duo Security (US), StrikeForce Technologies (US), Nok Nok Labs (US), SolidPass (Turkey), Protectimus (UK), SAASPASS (US), DynaPass (US), i-Sprint Innovations (Singapore). Research Coverage: The report covers the OOBA solutions and services across segments.It aims at estimating the market size and growth potential of this market across segments, such as components, authentication channels, organization size, deployment type, verticals, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, product and business offerings, recent developments, and key market strategies. Key Benefits of Buying the 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 subsegments.It would help stakeholders understand the competitive landscape and gain more insights to better their positions and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information about key market drivers, restraints, challenges, and opportunities. Read the full report: https://www.reportlinker.com/p05753561 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker |