| Product Code: ETC5439959 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of out-of-band authentication technology in Burkina Faso saw a significant shift in concentration levels from low to high in 2024, with China, USA, Germany, Australia, and France emerging as the top exporting countries. Despite a high CAGR of 26.56% from 2020 to 2024, there was a decline in growth rate from 2023 to 2024 by -24.73%. This indicates a dynamic market landscape in Burkina Faso for out-of-band authentication imports, with key players adapting to changing trends and competition intensifying among the top exporting nations.

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 Burkina Faso Out of Band Authentication Market Overview |
3.1 Burkina Faso Country Macro Economic Indicators |
3.2 Burkina Faso Out of Band Authentication Market Revenues & Volume, 2021 & 2031F |
3.3 Burkina Faso Out of Band Authentication Market - Industry Life Cycle |
3.4 Burkina Faso Out of Band Authentication Market - Porter's Five Forces |
3.5 Burkina Faso Out of Band Authentication Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Burkina Faso Out of Band Authentication Market Revenues & Volume Share, By Authentication Channel, 2021 & 2031F |
3.7 Burkina Faso Out of Band Authentication Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
3.8 Burkina Faso Out of Band Authentication Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.9 Burkina Faso Out of Band Authentication Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Burkina Faso Out of Band Authentication Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital services and online transactions in Burkina Faso |
4.2.2 Growing awareness of cybersecurity threats and the need for enhanced authentication methods |
4.2.3 Government initiatives to promote digitalization and cybersecurity measures in the country |
4.3 Market Restraints |
4.3.1 Limited internet penetration and access to technology in rural areas of Burkina Faso |
4.3.2 Concerns around data privacy and security with the implementation of out of band authentication methods |
5 Burkina Faso Out of Band Authentication Market Trends |
6 Burkina Faso Out of Band Authentication Market Segmentations |
6.1 Burkina Faso Out of Band Authentication Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Burkina Faso Out of Band Authentication Market Revenues & Volume, By Solution (Hardware, Software), 2021-2031F |
6.1.3 Burkina Faso Out of Band Authentication Market Revenues & Volume, By Service, 2021-2031F |
6.2 Burkina Faso Out of Band Authentication Market, By Authentication Channel |
6.2.1 Overview and Analysis |
6.2.2 Burkina Faso Out of Band Authentication Market Revenues & Volume, By SMS, 2021-2031F |
6.2.3 Burkina Faso Out of Band Authentication Market Revenues & Volume, By Email, 2021-2031F |
6.2.4 Burkina Faso Out of Band Authentication Market Revenues & Volume, By Push Notification Voice, 2021-2031F |
6.2.5 Burkina Faso Out of Band Authentication Market Revenues & Volume, By Token-Based, 2021-2031F |
6.2.6 Burkina Faso Out of Band Authentication Market Revenues & Volume, By Others, 2021-2031F |
6.3 Burkina Faso Out of Band Authentication Market, By Deployment Type |
6.3.1 Overview and Analysis |
6.3.2 Burkina Faso Out of Band Authentication Market Revenues & Volume, By On-Premises, 2021-2031F |
6.3.3 Burkina Faso Out of Band Authentication Market Revenues & Volume, By Cloud, 2021-2031F |
6.4 Burkina Faso Out of Band Authentication Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 Burkina Faso Out of Band Authentication Market Revenues & Volume, By SMEs, 2021-2031F |
6.4.3 Burkina Faso Out of Band Authentication Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.5 Burkina Faso Out of Band Authentication Market, By Vertical |
6.5.1 Overview and Analysis |
6.5.2 Burkina Faso Out of Band Authentication Market Revenues & Volume, By Banking, Financial Services, and Insurance, 2021-2031F |
6.5.3 Burkina Faso Out of Band Authentication Market Revenues & Volume, By Government and Defense, 2021-2031F |
6.5.4 Burkina Faso Out of Band Authentication Market Revenues & Volume, By Retail, 2021-2031F |
6.5.5 Burkina Faso Out of Band Authentication Market Revenues & Volume, By Healthcare, 2021-2031F |
6.5.6 Burkina Faso Out of Band Authentication Market Revenues & Volume, By IT and Telecom, 2021-2031F |
6.5.7 Burkina Faso Out of Band Authentication Market Revenues & Volume, By Energy and Utilities, 2021-2031F |
7 Burkina Faso Out of Band Authentication Market Import-Export Trade Statistics |
7.1 Burkina Faso Out of Band Authentication Market Export to Major Countries |
7.2 Burkina Faso Out of Band Authentication Market Imports from Major Countries |
8 Burkina Faso Out of Band Authentication Market Key Performance Indicators |
8.1 Percentage increase in the number of online transactions in Burkina Faso |
8.2 Adoption rate of out of band authentication solutions by businesses and consumers |
8.3 Number of reported cybersecurity incidents in the country |
9 Burkina Faso Out of Band Authentication Market - Opportunity Assessment |
9.1 Burkina Faso Out of Band Authentication Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Burkina Faso Out of Band Authentication Market Opportunity Assessment, By Authentication Channel, 2021 & 2031F |
9.3 Burkina Faso Out of Band Authentication Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
9.4 Burkina Faso Out of Band Authentication Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.5 Burkina Faso Out of Band Authentication Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Burkina Faso Out of Band Authentication Market - Competitive Landscape |
10.1 Burkina Faso Out of Band Authentication Market Revenue Share, By Companies, 2024 |
10.2 Burkina Faso Out of Band Authentication Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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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