Bahrain Out of Band Authentication Market (2025-2031) Outlook | Companies, Trends, Share, Analysis, Industry, Size, Revenue, Value, Growth & Forecast

Market Forecast By Component (Solution (Hardware, Software), Service), By Authentication Channel (SMS, Email, Push Notification Voice, Token-Based, Others), By Deployment Type (On-Premises, Cloud), By Organization Size ( SMEs, Large Enterprises), By Vertical (Banking, Financial Services, and Insurance, Government and Defense, Retail, Healthcare, IT and Telecom, Energy and Utilities, Others (Manufacturing, Travel and Hospitality, Education, and Media and Entertainment)) And Competitive Landscape
Product Code: ETC4389825 Publication Date: Jul 2023 Updated Date: Aug 2025 Product Type: Report
Publisher: 6Wresearch Author: Vasudha No. of Pages: 85 No. of Figures: 45 No. of Tables: 25

Bahrain Out of Band Authentication Market Synopsis

Out of Band (OOB) Authentication in Bahrain is becoming an essential layer in multi-factor authentication strategies. By utilizing separate communication channels, such as SMS or email, for identity verification, OOB ensures enhanced security against credential theft and man-in-the-middle attacks.

Trends of the market

Bahrain’s Out of Band Authentication Market is expanding as businesses seek enhanced security measures beyond traditional password-based systems. This method provides an additional verification layer by using a separate communication channel such as SMS, voice call, or push notification. It is particularly useful in protecting sensitive financial transactions and securing remote access. Growing incidents of phishing, credential theft, and account takeovers are propelling adoption across sectors like banking, e-commerce, and healthcare. Compliance requirements such as PSD2 and GDPR are also encouraging wider deployment of out of band authentication solutions.

Challenges of the market

In Bahrain, the Out of Band Authentication (OOBA) market is hindered by user friction and resistance to adopting multi-step verification processes. Many consumers and employees view OOBA as cumbersome, leading to reduced satisfaction and potential security workarounds. Telecom infrastructure variability can also impact the reliability of out-of-band channels such as SMS or voice calls. Businesses face challenges integrating OOBA into existing apps and authentication frameworks without disrupting user experience. The cost of maintaining secure secondary communication channels can be prohibitive, especially for smaller organizations. Additionally, the rise of SIM swap attacks and mobile malware has raised concerns about the overall security of OOBA methods.

Investment opportunities in the Market

With the increasing sophistication of cyber-attacks, there is growing interest in out of band (OOB) authentication as a means to enhance security in Bahrain. OOB authentication provides an additional layer of security by requiring users to authenticate through a separate communication channel, such as SMS, email, or a dedicated authentication device. Investment opportunities lie in developing OOB authentication solutions that can be easily integrated into existing security infrastructures while offering a high level of protection against phishing, man-in-the-middle, and other attack vectors. Businesses in the financial, e-commerce, and government sectors will benefit from these solutions as they seek to improve the security of their digital transactions.

Government Policy of the market

To strengthen authentication mechanisms beyond passwords, Bahrain supports the deployment of Out of Band (OOB) authentication in critical applications. Financial institutions and government portals must integrate OOB methods such as SMS, email, or push notification-based verification. These policies reduce the risks of credential theft and phishing attacks. The CBB mandates multi-channel authentication for high-value transactions and sensitive account access. Bahrain promotes the combination of OOB with behavioral analytics to minimize friction while enhancing security.

Key Highlights of the Report:

  • Bahrain Out of Band Authentication Market Outlook
  • Market Size of Bahrain Out of Band Authentication Market, 2024
  • Forecast of Bahrain Out of Band Authentication Market, 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Revenues & Volume for the Period 2021 - 2031
  • Bahrain Out of Band Authentication Market Trend Evolution
  • Bahrain Out of Band Authentication Market Drivers and Challenges
  • Bahrain Out of Band Authentication Price Trends
  • Bahrain Out of Band Authentication Porter's Five Forces
  • Bahrain Out of Band Authentication Industry Life Cycle
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Component for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Solution (Hardware, Software) for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Service for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Authentication Channel for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By SMS for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Email for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Push Notification Voice for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Token-Based for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Deployment Type for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By On-Premises for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Cloud for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Organization Size for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By SMEs for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Large Enterprises for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Vertical for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Banking, Financial Services, and Insurance for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Government and Defense for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Retail for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Healthcare for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By IT and Telecom for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Energy and Utilities for the Period 2021 - 2031
  • Historical Data and Forecast of Bahrain Out of Band Authentication Market Revenues & Volume By Others (Manufacturing, Travel and Hospitality, Education, and Media and Entertainment) for the Period 2021 - 2031
  • Bahrain Out of Band Authentication Import Export Trade Statistics
  • Market Opportunity Assessment By Component
  • Market Opportunity Assessment By Authentication Channel
  • Market Opportunity Assessment By Deployment Type
  • Market Opportunity Assessment By Organization Size
  • Market Opportunity Assessment By Vertical
  • Bahrain Out of Band Authentication Top Companies Market Share
  • Bahrain Out of Band Authentication Competitive Benchmarking By Technical and Operational Parameters
  • Bahrain Out of Band Authentication Company Profiles
  • Bahrain Out of Band Authentication Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Bahrain Out of Band Authentication Market Overview

3.1 Bahrain Country Macro Economic Indicators

3.2 Bahrain Out of Band Authentication Market Revenues & Volume, 2021 & 2031F

3.3 Bahrain Out of Band Authentication Market - Industry Life Cycle

3.4 Bahrain Out of Band Authentication Market - Porter's Five Forces

3.5 Bahrain Out of Band Authentication Market Revenues & Volume Share, By Component, 2021 & 2031F

3.6 Bahrain Out of Band Authentication Market Revenues & Volume Share, By Authentication Channel, 2021 & 2031F

3.7 Bahrain Out of Band Authentication Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F

3.8 Bahrain Out of Band Authentication Market Revenues & Volume Share, By Organization Size, 2021 & 2031F

3.9 Bahrain Out of Band Authentication Market Revenues & Volume Share, By Vertical, 2021 & 2031F

4 Bahrain Out of Band Authentication Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing number of cyber threats and security breaches

4.2.2 Growing adoption of online banking and e-commerce

4.2.3 Regulatory requirements for strong authentication methods

4.3 Market Restraints

4.3.1 High implementation costs for out of band authentication solutions

4.3.2 Lack of awareness and understanding among businesses and consumers

4.3.3 Integration challenges with existing IT infrastructure

5 Bahrain Out of Band Authentication Market Trends

6 Bahrain Out of Band Authentication Market, By Types

6.1 Bahrain Out of Band Authentication Market, By Component

6.1.1 Overview and Analysis

6.1.2 Bahrain Out of Band Authentication Market Revenues & Volume, By Component, 2021 - 2031F

6.1.3 Bahrain Out of Band Authentication Market Revenues & Volume, By Solution (Hardware, Software), 2021 - 2031F

6.1.4 Bahrain Out of Band Authentication Market Revenues & Volume, By Service, 2021 - 2031F

6.2 Bahrain Out of Band Authentication Market, By Authentication Channel

6.2.1 Overview and Analysis

6.2.2 Bahrain Out of Band Authentication Market Revenues & Volume, By SMS, 2021 - 2031F

6.2.3 Bahrain Out of Band Authentication Market Revenues & Volume, By Email, 2021 - 2031F

6.2.4 Bahrain Out of Band Authentication Market Revenues & Volume, By Push Notification Voice, 2021 - 2031F

6.2.5 Bahrain Out of Band Authentication Market Revenues & Volume, By Token-Based, 2021 - 2031F

6.2.6 Bahrain Out of Band Authentication Market Revenues & Volume, By Others, 2021 - 2031F

6.3 Bahrain Out of Band Authentication Market, By Deployment Type

6.3.1 Overview and Analysis

6.3.2 Bahrain Out of Band Authentication Market Revenues & Volume, By On-Premises, 2021 - 2031F

6.3.3 Bahrain Out of Band Authentication Market Revenues & Volume, By Cloud, 2021 - 2031F

6.4 Bahrain Out of Band Authentication Market, By Organization Size

6.4.1 Overview and Analysis

6.4.2 Bahrain Out of Band Authentication Market Revenues & Volume, By SMEs, 2021 - 2031F

6.4.3 Bahrain Out of Band Authentication Market Revenues & Volume, By Large Enterprises, 2021 - 2031F

6.5 Bahrain Out of Band Authentication Market, By Vertical

6.5.1 Overview and Analysis

6.5.2 Bahrain Out of Band Authentication Market Revenues & Volume, By Banking, Financial Services, and Insurance, 2021 - 2031F

6.5.3 Bahrain Out of Band Authentication Market Revenues & Volume, By Government and Defense, 2021 - 2031F

6.5.4 Bahrain Out of Band Authentication Market Revenues & Volume, By Retail, 2021 - 2031F

6.5.5 Bahrain Out of Band Authentication Market Revenues & Volume, By Healthcare, 2021 - 2031F

6.5.6 Bahrain Out of Band Authentication Market Revenues & Volume, By IT and Telecom, 2021 - 2031F

6.5.7 Bahrain Out of Band Authentication Market Revenues & Volume, By Energy and Utilities, 2021 - 2031F

7 Bahrain Out of Band Authentication Market Import-Export Trade Statistics

7.1 Bahrain Out of Band Authentication Market Export to Major Countries

7.2 Bahrain Out of Band Authentication Market Imports from Major Countries

8 Bahrain Out of Band Authentication Market Key Performance Indicators

8.1 Percentage increase in the number of reported cyber threats in Bahrain

8.2 Adoption rate of online banking and e-commerce platforms using out of band authentication

8.3 Number of regulatory changes related to cybersecurity and authentication standards in Bahrain

8.4 Average implementation time for out of band authentication solutions in Bahrain

8.5 Rate of successful integration of out of band authentication with existing IT systems in Bahrain

9 Bahrain Out of Band Authentication Market - Opportunity Assessment

9.1 Bahrain Out of Band Authentication Market Opportunity Assessment, By Component, 2021 & 2031F

9.2 Bahrain Out of Band Authentication Market Opportunity Assessment, By Authentication Channel, 2021 & 2031F

9.3 Bahrain Out of Band Authentication Market Opportunity Assessment, By Deployment Type, 2021 & 2031F

9.4 Bahrain Out of Band Authentication Market Opportunity Assessment, By Organization Size, 2021 & 2031F

9.5 Bahrain Out of Band Authentication Market Opportunity Assessment, By Vertical, 2021 & 2031F

10 Bahrain Out of Band Authentication Market - Competitive Landscape

10.1 Bahrain Out of Band Authentication Market Revenue Share, By Companies, 2024

10.2 Bahrain Out of Band Authentication Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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